Greatek Electronics Valuation

Q: What is the Fair Price of 2441 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2441 (NT$56.9) is trading above our estimate of [[fair value]] (NT$51.41)

Is 2441 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 2441 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2441 (NT$56.9) is trading above our estimate of fair value (NT$51.41)

Significantly Below Fair Value: 2441 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2441?

Key metric: As 2441 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2441. This is calculated by dividing 2441's market cap by their current earnings.
What is 2441's PE Ratio?
PE Ratio	13.7x
Earnings	NT$2.37b
Market Cap	NT$32.37b

2441 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	1.8x
Enterprise Value/EBITDA	4.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 2441's PE Ratio compare to its peers?

The above table shows the PE ratio for 2441 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	44.5x
4961 Fitipower Integrated Technology	14x	25.0%	NT$28.3b
3450 Elite Advanced Laser	128.9x	114.9%	NT$33.9b
2393 Everlight Electronics	14.9x	0.6%	NT$33.7b
3227 PixArt Imaging	20.3x	19.9%	NT$31.2b
2441 Greatek Electronics	13.7x	n/a	NT$32.4b

Price-To-Earnings vs Peers: 2441 is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (44.5x).

Price to Earnings Ratio vs Industry

How does 2441'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: 2441 is good value based on its Price-To-Earnings Ratio (13.7x) compared to the TW Semiconductor industry average (30.2x).

Price to Earnings Ratio vs Fair Ratio

What is 2441'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.

2441 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2441'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

Chipbond Technology

NT$48.0b

Engages in the research, development, manufacture, and sale of driver IC and non-driver IC packaging and testing services in Taiwan and Mainland China.

6147

NT$64.50

0.2%

-10.4%

ASE Technology Holding

NT$637.9b

Provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally.

3711

NT$147.00

-4.2%

14.8%

Realtek Semiconductor

NT$241.8b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

2379

NT$471.50

-5.7%

4.9%