MPI Corporation

TPEX:6223 Stock Report

Market Cap: NT$481.6b

MPI Valuation

Is 6223 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 6223 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 6223 (NT$4915) is trading above our estimate of future cash flow value (NT$2391.2)

Significantly Below Future Cash Flow Value: 6223 is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6223?

Key metric: As 6223 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 6223. This is calculated by dividing 6223's market cap by their current revenue.
What is 6223's PS Ratio?
PS Ratio36x
SalesNT$13.37b
Market CapNT$481.58b

Price to Sales Ratio vs Peers

How does 6223's PS Ratio compare to its peers?

The above table shows the PS ratio for 6223 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average19.8x
6515 WinWay Technology
45x37.77%NT$353.9b
7769 Hon. Precision
25.5x37.26%NT$772.7b
6488 GlobalWafers
4.3x13.05%NT$258.2b
3189 Kinsus Interconnect Technology
4.6x22.78%NT$179.7b
6223 MPI
36x39.10%NT$481.6b

Price-To-Sales vs Peers: 6223 is expensive based on its Price-To-Sales Ratio (36x) compared to the peer average (19.8x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does 6223's PS Ratio compare vs other companies in the TW Semiconductor Industry?

17 CompaniesPrice / SalesEstimated GrowthMarket Cap
6176 Radiant Opto-Electronics
0.9x-0.069%US$1.32b
4967 Team Group
0.9xn/aUS$572.36m
3592 Raydium Semiconductor
0.8xn/aUS$557.78m
6962 ITH
0.9xn/aUS$541.94m
6223 36.0xIndustry Avg. 3.9xNo. of Companies43PS03.67.210.814.418+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 6223 is expensive based on its Price-To-Sales Ratio (36x) compared to the TW Semiconductor industry average (3.9x).

Price to Sales Ratio vs Fair Ratio

What is 6223's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

6223 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio36x
Fair PS Ratio25.3x

Price-To-Sales vs Fair Ratio: 6223 is expensive based on its Price-To-Sales Ratio (36x) compared to the estimated Fair Price-To-Sales Ratio (25.3x).

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 6223 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$4,915.00
NT$4,292.22
-12.67%
22.02%NT$5,815.00NT$2,250.00n/a9
Apr ’27NT$3,950.00
NT$4,009.44
+1.50%
17.28%NT$4,800.00NT$2,250.00n/a9
Mar ’27NT$2,945.00
NT$2,842.50
-3.48%
17.64%NT$3,500.00NT$1,960.00n/a8
Feb ’27NT$2,515.00
NT$2,615.63
+4.00%
15.25%NT$3,300.00NT$1,960.00n/a8
Jan ’27NT$2,250.00
NT$2,425.00
+7.78%
11.89%NT$2,900.00NT$1,960.00n/a7
Dec ’26NT$2,155.00
NT$2,425.00
+12.53%
11.89%NT$2,900.00NT$1,960.00n/a7
Nov ’26NT$2,100.00
NT$2,041.43
-2.79%
22.29%NT$2,700.00NT$1,400.00n/a7
Oct ’26NT$1,705.00
NT$1,711.67
+0.39%
14.23%NT$2,000.00NT$1,400.00n/a6
Sep ’26NT$1,390.00
NT$1,355.00
-2.52%
19.89%NT$1,600.00NT$770.00n/a6
Aug ’26NT$1,030.00
NT$1,108.33
+7.61%
15.72%NT$1,250.00NT$770.00n/a6
Jul ’26NT$940.00
NT$901.00
-4.15%
11.65%NT$1,005.00NT$770.00n/a6
Jun ’26NT$795.00
NT$876.00
+10.19%
10.95%NT$1,005.00NT$770.00n/a6
May ’26NT$651.00
NT$854.75
+31.30%
10.90%NT$1,005.00NT$774.00n/a4
Apr ’26NT$690.00
NT$933.00
+35.22%
5.64%NT$1,005.00NT$860.00NT$3,950.004
Mar ’26NT$781.00
NT$908.40
+16.31%
19.63%NT$1,140.00NT$600.00NT$2,945.005
Feb ’26n/a
NT$890.40
0%
19.33%NT$1,140.00NT$600.00NT$2,515.005
Jan ’26NT$926.00
NT$872.40
-5.79%
16.97%NT$1,050.00NT$600.00NT$2,250.005
Dec ’25NT$780.00
NT$872.40
+11.85%
16.97%NT$1,050.00NT$600.00NT$2,155.005
Nov ’25NT$789.00
NT$701.25
-11.12%
8.53%NT$755.00NT$600.00NT$2,100.004
Oct ’25NT$764.00
NT$701.25
-8.21%
8.53%NT$755.00NT$600.00NT$1,705.004
Sep ’25NT$768.00
NT$701.25
-8.69%
8.53%NT$755.00NT$600.00NT$1,390.004
Aug ’25NT$553.00
NT$552.25
-0.14%
6.42%NT$600.00NT$500.00NT$1,030.004
Jul ’25NT$548.00
NT$547.25
-0.14%
5.34%NT$580.00NT$500.00NT$940.004
Jun ’25NT$482.00
NT$513.00
+6.43%
8.99%NT$555.00NT$443.00NT$795.004
May ’25NT$443.00
NT$404.33
-8.73%
7.41%NT$443.00NT$370.00NT$651.003
Apr ’25NT$321.00
NT$385.00
+19.94%
3.90%NT$400.00NT$370.00NT$690.002
NT$4.29k
Fair Value
14.5% overvalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/16 00:20
End of Day Share Price 2026/04/16 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MPI Corporation is covered by 13 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
S. H. LinAletheia Analyst Network Limited
Skye ChenAletheia Analyst Network Limited
Mike YangBofA Global Research