We’ve recently updated our valuation analysis.

M31 Technology Valuation

Is 6643 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6643?

Other financial metrics that can be useful for relative valuation.

6643 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue8.7x
Enterprise Value/EBITDA30.8x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does 6643's PE Ratio compare to its peers?

6643 PE Ratio vs Peers
The above table shows the PE ratio for 6643 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.8x
2363 Silicon Integrated Systems
12.2xn/aNT$12.6b
3227 PixArt Imaging
12.2x-20.3%NT$12.6b
2340 Taiwan-Asia Semiconductor
21.8xn/aNT$14.2b
2393 Everlight Electronics
8.9x-2.3%NT$15.3b
6643 M31 Technology
38.8x23.4%NT$10.7b

Price-To-Earnings vs Peers: 6643 is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the peer average (13.8x).


Price to Earnings Ratio vs Industry

How does 6643's PE Ratio compare vs other companies in the TW Semiconductor Industry?

Price-To-Earnings vs Industry: 6643 is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the TW Semiconductor industry average (10.8x)


Price to Earnings Ratio vs Fair Ratio

What is 6643'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.

6643 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.8x
Fair PE Ratio17.9x

Price-To-Earnings vs Fair Ratio: 6643 is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).


Share Price vs Fair Value

What is the Fair Price of 6643 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6643 (NT$341) is trading below our estimate of fair value (NT$378.9)

Significantly Below Fair Value: 6643 is trading below fair value, but not by a significant amount.


Analyst Price Targets

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

Analyst Forecast: Target price is less than 20% higher than the current share price.


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