Elite Semiconductor Microelectronics Technology Inc.

TWSE:3006 Stock Report

Market Cap: NT$17.0b

Elite Semiconductor Microelectronics Technology Valuation

Is 3006 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-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 3006 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3006 (NT$62.2) is trading above our estimate of fair value (NT$5.59)

Significantly Below Fair Value: 3006 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3006?

Key metric: As 3006 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3006. This is calculated by dividing 3006's market cap by their current revenue.
What is 3006's PS Ratio?
PS Ratio1.3x
SalesNT$13.49b
Market CapNT$16.99b

Price to Sales Ratio vs Peers

How does 3006's PS Ratio compare to its peers?

The above table shows the PS ratio for 3006 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10.6x
4968 RichWave Technology
5.2x23.5%NT$19.1b
3228 RDC Semiconductor
33xn/aNT$14.3b
3576 United Renewable Energy
2.7xn/aNT$17.5b
3545 FocalTech Systems
1.4x6.6%NT$19.2b
3006 Elite Semiconductor Microelectronics Technology
1.3xn/aNT$17.0b

Price-To-Sales vs Peers: 3006 is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (10.6x).

Price to Sales Ratio vs Industry

How does 3006's PS Ratio compare vs other companies in the TW Semiconductor Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
6196 Marketech International
0.5x8.9%US$909.91m
6120 Darwin Precisions
0.4xn/aUS$273.19m
4967 Team Group
0.3x-13.1%US$224.14m
8096 CoAsia Electronics
0.2xn/aUS$179.08m
3006 1.3xIndustry Avg. 3.5xNo. of Companies34PS02.44.87.29.612+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 3006 is good value based on its Price-To-Sales Ratio (1.3x) compared to the TW Semiconductor industry average (3.5x).

Price to Sales Ratio vs Fair Ratio

What is 3006'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.

3006 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 3006'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.

Discover undervalued companies

Parade Technologies

NT$55.1b

Operates as a fabless semiconductor company in South Korea, China, Taiwan, Japan, and internationally.

4966

NT$695.00

7D

2.4%

1Y

-34.1%

GlobalWafers

NT$196.0b

Researches, designs, develops, and manufactures semiconductor ingots and wafers in Taiwan and internationally.

6488

NT$410.00

7D

-2.6%

1Y

-29.6%

Realtek Semiconductor

NT$244.1b

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

2379

NT$476.00

7D

-1.8%

1Y

6.0%