M31 Technology Corporation

TPEX:6643 Stock Report

Market Cap: NT$29.4b

M31 Technology Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 6643 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6643 (NT$703) is trading above our estimate of fair value (NT$687.54)

Significantly Below Fair Value: 6643 is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As 6643 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6643. This is calculated by dividing 6643's market cap by their current earnings.
What is 6643's PE Ratio?
PE Ratio100.2x
EarningsNT$293.20m
Market CapNT$29.39b

Price to Earnings Ratio vs Peers

How does 6643's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average57.4x
3264 Ardentec
11.8xn/aNT$26.7b
8028 Phoenix Silicon International
81.4xn/aNT$23.9b
6451 ShunSin Technology Holdings
128xn/aNT$22.8b
3260 ADATA Technology
8.6xn/aNT$26.6b
6643 M31 Technology
100.2x47.8%NT$29.4b

Price-To-Earnings vs Peers: 6643 is expensive based on its Price-To-Earnings Ratio (100.2x) compared to the peer average (57.4x).

Price to Earnings Ratio vs Industry

How does 6643'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
6643 100.2xIndustry Avg. 31.2xNo. of Companies31PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6643 is expensive based on its Price-To-Earnings Ratio (100.2x) compared to the TW Semiconductor industry average (31.7x).

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 Ratio100.2x
Fair PE Ratio47.3x

Price-To-Earnings vs Fair Ratio: 6643 is expensive based on its Price-To-Earnings Ratio (100.2x) compared to the estimated Fair Price-To-Earnings Ratio (47.3x).

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 6643 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$703.00
NT$853.63
+21.4%
19.3%NT$1,115.00NT$514.00n/a8
Nov ’25NT$748.00
NT$1,126.88
+50.7%
13.1%NT$1,355.00NT$840.00n/a8
Oct ’25NT$832.00
NT$1,128.75
+35.7%
12.8%NT$1,355.00NT$855.00n/a8
Sep ’25NT$965.00
NT$1,246.25
+29.1%
21.1%NT$1,830.00NT$855.00n/a8
Aug ’25NT$1,155.00
NT$1,403.33
+21.5%
22.4%NT$1,833.29NT$879.17n/a8
Jul ’25NT$1,180.00
NT$1,293.33
+9.6%
22.3%NT$1,833.29NT$879.17n/a6
Jun ’25NT$912.50
NT$1,278.67
+40.1%
24.6%NT$1,833.33NT$879.17n/a5
May ’25NT$1,000.00
NT$1,598.33
+59.8%
15.3%NT$1,833.33NT$1,125.00n/a5
Apr ’25NT$1,233.33
NT$1,610.00
+30.5%
15.4%NT$1,833.33NT$1,125.00n/a5
Mar ’25NT$1,654.17
NT$1,208.33
-27.0%
29.5%NT$1,833.33NT$750.00n/a5
Feb ’25NT$1,437.50
NT$1,105.00
-23.1%
18.2%NT$1,316.67NT$750.00n/a5
Jan ’25NT$883.33
NT$977.08
+10.6%
14.1%NT$1,091.67NT$750.00n/a4
Dec ’24NT$828.33
NT$926.04
+11.8%
11.2%NT$1,012.50NT$750.00n/a4
Nov ’24NT$736.67
NT$864.58
+17.4%
14.3%NT$1,012.50NT$670.83NT$748.004
Oct ’24NT$667.50
NT$864.58
+29.5%
14.3%NT$1,012.50NT$670.83NT$832.004
Sep ’24NT$757.50
NT$834.18
+10.1%
20.7%NT$1,012.50NT$549.24NT$965.004
Aug ’24NT$724.17
NT$655.30
-9.5%
21.2%NT$893.93NT$549.24NT$1,155.004
Jul ’24NT$734.09
NT$655.30
-10.7%
21.2%NT$893.93NT$549.24NT$1,180.004
Jun ’24NT$668.18
NT$575.75
-13.8%
3.3%NT$590.91NT$549.24NT$912.503
May ’24NT$422.72
NT$485.10
+14.8%
3.4%NT$507.57NT$469.69NT$1,000.003
Apr ’24NT$504.54
NT$485.10
-3.9%
3.4%NT$507.57NT$469.69NT$1,233.333
Mar ’24NT$455.30
NT$313.38
-31.2%
15.9%NT$378.79NT$258.33NT$1,654.173
Feb ’24NT$406.06
NT$313.38
-22.8%
15.9%NT$378.79NT$258.33NT$1,437.503
Jan ’24NT$346.21
NT$313.38
-9.5%
15.9%NT$378.79NT$258.33NT$883.333
Dec ’23NT$378.79
NT$313.38
-17.3%
15.9%NT$378.79NT$258.33NT$828.333
Nov ’23NT$249.62
NT$274.24
+9.9%
7.4%NT$303.03NT$258.33NT$736.673

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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