ELAN Microelectronics Corporation

TWSE:2458 Stock Report

Market Cap: NT$42.5b

ELAN Microelectronics Valuation

Is 2458 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 2458 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2458 (NT$147) is trading above our estimate of fair value (NT$79.24)

Significantly Below Fair Value: 2458 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2458?

Key metric: As 2458 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2458. This is calculated by dividing 2458's market cap by their current earnings.
What is 2458's PE Ratio?
PE Ratio15.5x
EarningsNT$2.71b
Market CapNT$42.50b

Price to Earnings Ratio vs Peers

How does 2458's PE Ratio compare to its peers?

The above table shows the PE ratio for 2458 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.1x
3105 WIN Semiconductors
33.5x27.0%NT$50.2b
6147 Chipbond Technology
12.1x9.4%NT$48.0b
6531 AP Memory Technology
34.4x23.9%NT$50.0b
4919 Nuvoton Technology
40.2x82.4%NT$39.8b
2458 ELAN Microelectronics
15.5x8.2%NT$42.5b

Price-To-Earnings vs Peers: 2458 is good value based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (29.9x).

Price to Earnings Ratio vs Industry

How does 2458'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
2458 15.5xIndustry Avg. 30.8xNo. of Companies31PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2458 is good value based on its Price-To-Earnings Ratio (15.5x) compared to the TW Semiconductor industry average (30.8x).

Price to Earnings Ratio vs Fair Ratio

What is 2458'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.

2458 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.5x
Fair PE Ratio18.9x

Price-To-Earnings vs Fair Ratio: 2458 is good value based on its Price-To-Earnings Ratio (15.5x) compared to the estimated Fair Price-To-Earnings Ratio (18.9x).

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 2458 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$147.00
NT$171.40
+16.6%
9.6%NT$200.00NT$157.00n/a5
Nov ’25NT$149.50
NT$169.00
+13.0%
11.0%NT$200.00NT$150.00n/a5
Oct ’25NT$143.50
NT$169.00
+17.8%
11.0%NT$200.00NT$150.00n/a5
Sep ’25NT$147.00
NT$178.00
+21.1%
12.6%NT$205.00NT$150.00n/a5
Aug ’25NT$140.50
NT$191.00
+35.9%
7.1%NT$205.00NT$170.00n/a5
Jul ’25NT$154.00
NT$191.00
+24.0%
7.1%NT$205.00NT$170.00n/a5
Jun ’25NT$163.00
NT$191.00
+17.2%
7.1%NT$205.00NT$170.00n/a5
May ’25NT$164.50
NT$198.33
+20.6%
11.3%NT$225.00NT$170.00n/a3
Mar ’25NT$165.50
NT$191.00
+15.4%
11.0%NT$212.00NT$170.00n/a2
Feb ’25NT$150.00
NT$157.50
+5.0%
4.8%NT$165.00NT$150.00n/a2
Jan ’25NT$162.50
NT$160.00
-1.5%
6.3%NT$170.00NT$150.00n/a2
Dec ’24NT$151.00
NT$160.00
+6.0%
6.3%NT$170.00NT$150.00n/a2
Nov ’24NT$144.00
NT$145.00
+0.7%
17.2%NT$170.00NT$120.00NT$149.502
Oct ’24NT$133.50
NT$145.00
+8.6%
17.2%NT$170.00NT$120.00NT$143.502
Sep ’24NT$120.50
NT$112.67
-6.5%
4.7%NT$120.00NT$108.00NT$147.003
Aug ’24NT$115.00
NT$96.00
-16.5%
8.2%NT$103.00NT$85.00NT$140.503
Jul ’24NT$101.50
NT$96.00
-5.4%
8.2%NT$103.00NT$85.00NT$154.003
Jun ’24NT$103.50
NT$96.00
-7.2%
8.2%NT$103.00NT$85.00NT$163.003
May ’24NT$94.30
NT$100.00
+6.0%
2.4%NT$103.00NT$97.00NT$164.503
Apr ’24NT$99.80
NT$108.67
+8.9%
13.3%NT$129.00NT$97.00NT$161.003
Mar ’24NT$106.50
NT$108.67
+2.0%
13.3%NT$129.00NT$97.00NT$165.503
Feb ’24NT$102.00
NT$71.33
-30.1%
1.3%NT$72.00NT$70.00NT$150.003
Jan ’24NT$86.00
NT$71.33
-17.1%
1.3%NT$72.00NT$70.00NT$162.503
Dec ’23NT$92.70
NT$71.33
-23.0%
1.3%NT$72.00NT$70.00NT$151.003
Nov ’23NT$81.30
NT$128.00
+57.4%
34.0%NT$189.00NT$90.00NT$144.003

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

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