Bright LED Electronics Corp.

TWSE:3031 Stock Report

Market Cap: NT$3.5b

Bright LED Electronics Valuation

Is 3031 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 3031 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3031 (NT$21) is trading above our estimate of fair value (NT$12.99)

Significantly Below Fair Value: 3031 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3031?

Key metric: As 3031 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3031. This is calculated by dividing 3031's market cap by their current earnings.
What is 3031's PE Ratio?
PE Ratio15.1x
EarningsNT$241.07m
Market CapNT$3.51b

Price to Earnings Ratio vs Peers

How does 3031's PE Ratio compare to its peers?

The above table shows the PE ratio for 3031 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average42.2x
6693 Inergy Technology
43.1xn/aNT$3.5b
6435 Sinopower Semiconductor
18xn/aNT$3.5b
8111 Ligitek ElectronicsLtd
91.9xn/aNT$3.9b
6651 Cystech Electronics
15.9xn/aNT$3.3b
3031 Bright LED Electronics
15.1xn/aNT$3.5b

Price-To-Earnings vs Peers: 3031 is good value based on its Price-To-Earnings Ratio (15.1x) compared to the peer average (42.2x).

Price to Earnings Ratio vs Industry

How does 3031'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
3031 15.1xIndustry Avg. 30.1xNo. of Companies32PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3031 is good value based on its Price-To-Earnings Ratio (15.1x) compared to the TW Semiconductor industry average (30.1x).

Price to Earnings Ratio vs Fair Ratio

What is 3031'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.

3031 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 3031'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

Raydium Semiconductor

NT$25.6b

Provides integrated circuit (IC) solutions in Taiwan and internationally.

3592

NT$338.00

7D

-0.3%

1Y

-15.1%

Realtek Semiconductor

NT$254.9b

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

2379

NT$497.00

7D

-0.4%

1Y

16.3%

GlobalWafers

NT$204.9b

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

6488

NT$428.50

7D

-2.4%

1Y

-18.5%