ASPEED Technology Inc.

TPEX:5274 Stock Report

Market Cap: NT$159.2b

ASPEED Technology Valuation

Is 5274 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 5274 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5274 (NT$4210) is trading above our estimate of fair value (NT$2916.77)

Significantly Below Fair Value: 5274 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5274?

Key metric: As 5274 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 5274. This is calculated by dividing 5274's market cap by their current earnings.
What is 5274's PE Ratio?
PE Ratio82.2x
EarningsNT$1.94b
Market CapNT$159.23b

Price to Earnings Ratio vs Peers

How does 5274's PE Ratio compare to its peers?

The above table shows the PE ratio for 5274 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.1x
2449 King Yuan Electronics
24.5x14.3%NT$154.7b
5347 Vanguard International Semiconductor
22.2x2.7%NT$168.6b
5269 ASMedia Technology
36.1x30.5%NT$125.4b
6526 Airoha Technology
45.5x40.0%NT$100.7b
5274 ASPEED Technology
82.2x38.8%NT$159.2b

Price-To-Earnings vs Peers: 5274 is expensive based on its Price-To-Earnings Ratio (82.2x) compared to the peer average (32.1x).

Price to Earnings Ratio vs Industry

How does 5274's PE Ratio compare vs other companies in the TW Semiconductor Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
4944 Crystalwise Technology
4xn/aUS$15.69m
No more companies available in this PE range
5274 82.2xIndustry Avg. 30.5xNo. of Companies30PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 5274 is expensive based on its Price-To-Earnings Ratio (82.2x) compared to the TW Semiconductor industry average (30.5x).

Price to Earnings Ratio vs Fair Ratio

What is 5274's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

5274 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio82.2x
Fair PE Ratio45.5x

Price-To-Earnings vs Fair Ratio: 5274 is expensive based on its Price-To-Earnings Ratio (82.2x) compared to the estimated Fair Price-To-Earnings Ratio (45.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 5274 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$4,210.00
NT$5,189.62
+23.3%
12.5%NT$6,400.00NT$4,000.00n/a13
Nov ’25NT$4,300.00
NT$5,324.00
+23.8%
13.2%NT$6,400.00NT$4,000.00n/a13
Oct ’25NT$4,375.00
NT$5,351.85
+22.3%
14.3%NT$6,400.00NT$4,000.00n/a13
Sep ’25NT$4,930.00
NT$5,339.92
+8.3%
12.9%NT$6,400.00NT$4,000.00n/a13
Aug ’25NT$4,160.00
NT$4,714.15
+13.3%
16.7%NT$6,400.00NT$3,600.00n/a13
Jul ’25NT$4,700.00
NT$4,487.62
-4.5%
21.7%NT$6,400.00NT$3,400.00n/a13
Jun ’25NT$3,645.00
NT$3,693.77
+1.3%
11.6%NT$4,500.00NT$2,700.00n/a13
May ’25NT$3,085.00
NT$3,343.23
+8.4%
9.4%NT$3,800.00NT$2,700.00n/a13
Apr ’25NT$3,350.00
NT$3,309.38
-1.2%
8.7%NT$3,800.00NT$2,700.00n/a13
Mar ’25NT$2,865.00
NT$3,085.17
+7.7%
13.3%NT$3,500.00NT$2,160.00n/a12
Feb ’25NT$3,030.00
NT$3,085.17
+1.8%
13.3%NT$3,500.00NT$2,160.00n/a12
Jan ’25NT$3,120.00
NT$2,903.50
-6.9%
16.1%NT$3,500.00NT$2,050.00n/a12
Dec ’24NT$2,885.00
NT$2,854.33
-1.1%
17.6%NT$3,500.00NT$1,750.00n/a12
Nov ’24NT$2,645.00
NT$2,677.67
+1.2%
20.0%NT$3,500.00NT$1,500.00NT$4,300.0012
Oct ’24NT$2,765.00
NT$2,667.85
-3.5%
19.7%NT$3,500.00NT$1,500.00NT$4,375.0013
Sep ’24NT$2,550.00
NT$2,632.64
+3.2%
19.7%NT$3,500.00NT$1,500.00NT$4,930.0014
Aug ’24NT$2,250.00
NT$2,898.62
+28.8%
11.9%NT$3,500.00NT$2,200.00NT$4,160.0013
Jul ’24NT$2,850.00
NT$2,934.38
+3.0%
16.1%NT$3,500.00NT$1,515.00NT$4,700.0013
Jun ’24NT$2,885.00
NT$2,928.54
+1.5%
15.8%NT$3,400.00NT$1,515.00NT$3,645.0013
May ’24NT$2,615.00
NT$2,859.31
+9.3%
17.9%NT$3,400.00NT$1,515.00NT$3,085.0013
Apr ’24NT$2,635.00
NT$2,658.54
+0.9%
22.6%NT$3,400.00NT$1,515.00NT$3,350.0013
Mar ’24NT$2,965.00
NT$2,370.86
-20.0%
24.1%NT$3,400.00NT$1,400.00NT$2,865.0014
Feb ’24NT$2,160.00
NT$2,216.21
+2.6%
19.1%NT$3,000.00NT$1,400.00NT$3,030.0014
Jan ’24NT$1,685.00
NT$2,254.38
+33.8%
18.6%NT$3,000.00NT$1,500.00NT$3,120.0013
Dec ’23NT$2,205.00
NT$2,252.85
+2.2%
18.1%NT$3,000.00NT$1,500.00NT$2,885.0013
Nov ’23NT$1,735.00
NT$2,170.54
+25.1%
19.5%NT$3,000.00NT$1,500.00NT$2,645.0013

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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