Ampire Valuation

Q: What is the Fair Price of 8049 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

8049 (NT$34.15) is trading above our estimate of [[fair value]] (NT$8.31)

Is 8049 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 8049 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8049 (NT$34.15) is trading above our estimate of fair value (NT$8.31)

Significantly Below Fair Value: 8049 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8049?

Key metric: As 8049 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8049. This is calculated by dividing 8049's market cap by their current earnings.
What is 8049's PE Ratio?
PE Ratio	12.8x
Earnings	NT$315.21m
Market Cap	NT$4.05b

8049 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/Revenue	2.3x
Enterprise Value/EBITDA	13.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 8049's PE Ratio compare to its peers?

The above table shows the PE ratio for 8049 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	32.1x
6720 Major-Power Technology	30.7x	n/a	NT$3.9b
8084 Chip Hope	28x	n/a	NT$4.4b
6568 Rafael Microelectronics	52.6x	n/a	NT$3.8b
3168 Data Image	17.3x	n/a	NT$3.8b
8049 Ampire	12.8x	n/a	NT$4.1b

Price-To-Earnings vs Peers: 8049 is good value based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (32.1x).

Price to Earnings Ratio vs Industry

How does 8049's PE Ratio compare vs other companies in the TW Semiconductor Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
4944 Crystalwise Technology	4x	n/a	US$15.69m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 8049 is good value based on its Price-To-Earnings Ratio (12.8x) compared to the TW Semiconductor industry average (30.8x).

Price to Earnings Ratio vs Fair Ratio

What is 8049'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.

8049 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 8049's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Materials Analysis Technology

NT$17.0b

Engages in the research and development, and intellectual property services in Taiwan, Mainland China, Japan, the United States, and internationally.

3587

NT$257.50

-0.8%

8.6%

United Microelectronics

NT$556.3b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

2303

NT$44.80

-0.4%

-10.9%

Taiwan Semiconductor Manufacturing

NT$26.2t

Manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally.

2330

NT$1,045.00

1.0%

81.7%