MediaTek Inc.

TWSE:2454 Stock Report

Market Cap: NT$2.1t

MediaTek Valuation

Is 2454 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 2454 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2454 (NT$1310) is trading above our estimate of fair value (NT$843.58)

Significantly Below Fair Value: 2454 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2454?

Key metric: As 2454 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2454. This is calculated by dividing 2454's market cap by their current earnings.
What is 2454's PE Ratio?
PE Ratio19.3x
EarningsNT$108.26b
Market CapNT$2.09t

Price to Earnings Ratio vs Peers

How does 2454's PE Ratio compare to its peers?

The above table shows the PE ratio for 2454 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
3711 ASE Technology Holding
20.9x32.9%NT$679.1b
2303 United Microelectronics
11x8.0%NT$556.9b
2379 Realtek Semiconductor
17.7x15.0%NT$248.5b
3034 Novatek Microelectronics
14x5.8%NT$292.1b
2454 MediaTek
19.3x8.0%NT$2.1t

Price-To-Earnings vs Peers: 2454 is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the peer average (15.9x).

Price to Earnings Ratio vs Industry

How does 2454'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
2454 19.3xIndustry Avg. 31.2xNo. of Companies31PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2454 is good value based on its Price-To-Earnings Ratio (19.3x) compared to the TW Semiconductor industry average (31.2x).

Price to Earnings Ratio vs Fair Ratio

What is 2454'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.

2454 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.3x
Fair PE Ratio33.4x

Price-To-Earnings vs Fair Ratio: 2454 is good value based on its Price-To-Earnings Ratio (19.3x) compared to the estimated Fair Price-To-Earnings Ratio (33.4x).

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 2454 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$1,310.00
NT$1,449.10
+10.6%
10.3%NT$1,700.00NT$1,150.00n/a21
Nov ’25NT$1,290.00
NT$1,443.33
+11.9%
10.4%NT$1,700.00NT$1,150.00n/a21
Oct ’25NT$1,210.00
NT$1,385.50
+14.5%
11.8%NT$1,680.00NT$1,040.00n/a20
Sep ’25NT$1,240.00
NT$1,393.00
+12.3%
11.5%NT$1,680.00NT$1,040.00n/a20
Aug ’25NT$1,180.00
NT$1,391.00
+17.9%
11.5%NT$1,680.00NT$1,040.00n/a20
Jul ’25NT$1,415.00
NT$1,315.35
-7.0%
16.7%NT$1,680.00NT$940.00n/a20
Jun ’25NT$1,235.00
NT$1,271.35
+2.9%
14.1%NT$1,588.00NT$940.00n/a20
May ’25NT$992.00
NT$1,199.10
+20.9%
13.0%NT$1,467.00NT$940.00n/a20
Apr ’25NT$1,160.00
NT$1,190.76
+2.7%
14.3%NT$1,467.00NT$880.00n/a21
Mar ’25NT$1,105.00
NT$1,132.24
+2.5%
12.4%NT$1,400.00NT$880.00n/a21
Feb ’25NT$930.00
NT$1,066.00
+14.6%
17.1%NT$1,400.00NT$478.00n/a22
Jan ’25NT$1,015.00
NT$971.36
-4.3%
20.7%NT$1,400.00NT$478.00n/a22
Dec ’24NT$947.00
NT$934.05
-1.4%
20.5%NT$1,400.00NT$478.00n/a22
Nov ’24NT$846.00
NT$908.14
+7.3%
19.8%NT$1,400.00NT$478.00NT$1,290.0022
Oct ’24NT$735.00
NT$779.34
+6.0%
24.2%NT$1,400.00NT$467.00NT$1,210.0020
Sep ’24NT$710.00
NT$762.94
+7.5%
24.1%NT$1,400.00NT$467.00NT$1,240.0021
Aug ’24NT$713.00
NT$751.90
+5.5%
24.6%NT$1,400.00NT$467.00NT$1,180.0022
Jul ’24NT$688.00
NT$754.87
+9.7%
26.2%NT$1,460.00NT$467.00NT$1,415.0022
Jun ’24NT$748.00
NT$757.14
+1.2%
26.1%NT$1,460.00NT$467.00NT$1,235.0022
May ’24NT$665.00
NT$760.82
+14.4%
26.0%NT$1,460.00NT$467.00NT$992.0021
Apr ’24NT$787.00
NT$791.64
+0.6%
27.5%NT$1,600.00NT$500.00NT$1,160.0022
Mar ’24NT$791.00
NT$795.05
+0.5%
27.6%NT$1,600.00NT$500.00NT$1,105.0022
Feb ’24NT$724.00
NT$771.17
+6.5%
33.0%NT$1,760.00NT$500.00NT$930.0023
Jan ’24NT$625.00
NT$786.59
+25.9%
32.2%NT$1,760.00NT$510.00NT$1,015.0022
Dec ’23NT$741.00
NT$780.64
+5.3%
31.9%NT$1,760.00NT$510.00NT$947.0022
Nov ’23NT$599.00
NT$770.95
+28.7%
33.4%NT$1,760.00NT$505.00NT$846.0022

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

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