Realtek Semiconductor Corp.

TWSE:2379 Stock Report

Market Cap: NT$256.4b

Realtek Semiconductor Valuation

Is 2379 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 2379 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2379 (NT$500) is trading below our estimate of fair value (NT$621.01)

Significantly Below Fair Value: 2379 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2379?

Key metric: As 2379 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2379. This is calculated by dividing 2379's market cap by their current earnings.
What is 2379's PE Ratio?
PE Ratio18.2x
EarningsNT$14.07b
Market CapNT$256.43b

Price to Earnings Ratio vs Peers

How does 2379's PE Ratio compare to its peers?

The above table shows the PE ratio for 2379 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average60.9x
3034 Novatek Microelectronics
14.1x5.8%NT$294.2b
3529 eMemory Technology
133x29.6%NT$229.2b
2449 King Yuan Electronics
24.5x14.3%NT$154.7b
3653 Jentech Precision Industrial
71.9xn/aNT$202.2b
2379 Realtek Semiconductor
18.2x15.0%NT$256.4b

Price-To-Earnings vs Peers: 2379 is good value based on its Price-To-Earnings Ratio (18.2x) compared to the peer average (60.9x).

Price to Earnings Ratio vs Industry

How does 2379'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
2379 18.2xIndustry Avg. 30.5xNo. of Companies30PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2379 is good value based on its Price-To-Earnings Ratio (18.2x) compared to the TW Semiconductor industry average (30.5x).

Price to Earnings Ratio vs Fair Ratio

What is 2379'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.

2379 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.2x
Fair PE Ratio26.8x

Price-To-Earnings vs Fair Ratio: 2379 is good value based on its Price-To-Earnings Ratio (18.2x) compared to the estimated Fair Price-To-Earnings Ratio (26.8x).

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 2379 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$500.00
NT$555.13
+11.0%
10.2%NT$640.00NT$420.00n/a15
Nov ’25NT$486.00
NT$555.13
+14.2%
10.2%NT$640.00NT$420.00n/a15
Oct ’25NT$473.50
NT$581.07
+22.7%
10.3%NT$650.00NT$420.00n/a15
Sep ’25NT$535.00
NT$600.20
+12.2%
8.4%NT$707.00NT$511.00n/a15
Aug ’25NT$517.00
NT$600.20
+16.1%
8.4%NT$707.00NT$511.00n/a15
Jul ’25NT$531.00
NT$596.27
+12.3%
10.6%NT$707.00NT$500.00n/a15
Jun ’25NT$543.00
NT$596.27
+9.8%
10.6%NT$707.00NT$500.00n/a15
May ’25NT$518.00
NT$596.27
+15.1%
10.6%NT$707.00NT$500.00n/a15
Apr ’25NT$559.00
NT$520.07
-7.0%
18.9%NT$707.00NT$327.00n/a15
Mar ’25NT$565.00
NT$482.67
-14.6%
14.0%NT$616.00NT$327.00n/a15
Feb ’25NT$464.50
NT$458.50
-1.3%
13.4%NT$550.00NT$327.00n/a14
Jan ’25NT$471.50
NT$429.78
-8.8%
12.4%NT$507.00NT$326.92n/a14
Dec ’24NT$449.00
NT$426.64
-5.0%
11.6%NT$500.00NT$326.92n/a14
Nov ’24NT$405.50
NT$426.64
+5.2%
11.6%NT$500.00NT$326.92NT$486.0014
Oct ’24NT$395.00
NT$425.43
+7.7%
13.1%NT$500.00NT$330.00NT$473.5014
Sep ’24NT$426.50
NT$422.73
-0.9%
13.0%NT$500.00NT$330.00NT$535.0015
Aug ’24NT$432.50
NT$395.87
-8.5%
12.1%NT$490.00NT$330.00NT$517.0015
Jul ’24NT$387.50
NT$377.40
-2.6%
16.1%NT$440.00NT$210.00NT$531.0015
Jun ’24NT$380.50
NT$377.40
-0.8%
16.1%NT$440.00NT$210.00NT$543.0015
May ’24NT$359.00
NT$377.87
+5.3%
16.2%NT$450.00NT$210.00NT$518.0015
Apr ’24NT$387.50
NT$340.00
-12.3%
18.6%NT$450.00NT$210.00NT$559.0013
Mar ’24NT$379.00
NT$340.00
-10.3%
18.6%NT$450.00NT$210.00NT$565.0013
Feb ’24NT$329.50
NT$302.07
-8.3%
19.5%NT$405.00NT$210.00NT$464.5014
Jan ’24NT$281.00
NT$272.85
-2.9%
14.1%NT$330.00NT$210.00NT$471.5013
Dec ’23NT$333.00
NT$272.23
-18.2%
13.5%NT$330.00NT$210.00NT$449.0013
Nov ’23NT$259.50
NT$273.38
+5.4%
13.3%NT$330.00NT$210.00NT$405.5013

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

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