Cosmo Electronics Corporation

TWSE:2466 Stock Report

Market Cap: NT$5.7b

Cosmo Electronics Valuation

Is 2466 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2466 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2466 (NT$33.5) is trading above our estimate of fair value (NT$22.58)

Significantly Below Fair Value: 2466 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2466?

Key metric: As 2466 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2466. This is calculated by dividing 2466's market cap by their current revenue.
What is 2466's PS Ratio?
PS Ratio5.6x
SalesNT$1.03b
Market CapNT$5.74b

Price to Sales Ratio vs Peers

How does 2466's PS Ratio compare to its peers?

The above table shows the PS ratio for 2466 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3x
2426 Tyntek
2.6xn/aNT$6.1b
2342 Mosel Vitelic
3.4xn/aNT$5.3b
8096 CoAsia Electronics
0.2xn/aNT$5.8b
6695 iCatch Technology
5.6xn/aNT$5.5b
2466 Cosmo Electronics
5.6xn/aNT$5.7b

Price-To-Sales vs Peers: 2466 is expensive based on its Price-To-Sales Ratio (5.6x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does 2466's PS Ratio compare vs other companies in the TW Semiconductor Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
6196 Marketech International
0.5x9.0%US$937.98m
6120 Darwin Precisions
0.4xn/aUS$272.23m
4967 Team Group
0.3x-13.1%US$224.13m
8096 CoAsia Electronics
0.2xn/aUS$177.29m
2466 5.6xIndustry Avg. 3.6xNo. of Companies40PS02.44.87.29.612+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2466 is expensive based on its Price-To-Sales Ratio (5.6x) compared to the TW Semiconductor industry average (3.6x).

Price to Sales Ratio vs Fair Ratio

What is 2466's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2466 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2466's Price-To-Sales 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.

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