Global Unichip Corp.

TWSE:3443 Stock Report

Market Cap: NT$166.8b

Global Unichip Valuation

Is 3443 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 3443 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3443 (NT$1245) is trading above our estimate of fair value (NT$681.65)

Significantly Below Fair Value: 3443 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3443?

Key metric: As 3443 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3443. This is calculated by dividing 3443's market cap by their current earnings.
What is 3443's PE Ratio?
PE Ratio50.3x
EarningsNT$3.32b
Market CapNT$166.84b

Price to Earnings Ratio vs Peers

How does 3443's PE Ratio compare to its peers?

The above table shows the PE ratio for 3443 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average77.5x
3653 Jentech Precision Industrial
73.9xn/aNT$207.9b
3529 eMemory Technology
130x29.6%NT$224.0b
5274 ASPEED Technology
80.9x38.8%NT$156.8b
2449 King Yuan Electronics
25.2x14.3%NT$159.0b
3443 Global Unichip
50.3x22.9%NT$166.8b

Price-To-Earnings vs Peers: 3443 is good value based on its Price-To-Earnings Ratio (50.3x) compared to the peer average (77.5x).

Price to Earnings Ratio vs Industry

How does 3443'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
3443 50.3xIndustry Avg. 31.2xNo. of Companies31PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3443 is expensive based on its Price-To-Earnings Ratio (50.3x) compared to the TW Semiconductor industry average (31.2x).

Price to Earnings Ratio vs Fair Ratio

What is 3443'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.

3443 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio50.3x
Fair PE Ratio34.3x

Price-To-Earnings vs Fair Ratio: 3443 is expensive based on its Price-To-Earnings Ratio (50.3x) compared to the estimated Fair Price-To-Earnings Ratio (34.3x).

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 3443 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$1,245.00
NT$1,520.67
+22.1%
21.6%NT$2,300.00NT$970.00n/a15
Nov ’25NT$1,180.00
NT$1,539.33
+30.5%
21.1%NT$2,300.00NT$970.00n/a15
Oct ’25NT$1,060.00
NT$1,547.50
+46.0%
21.6%NT$2,300.00NT$1,020.00n/a14
Sep ’25NT$1,115.00
NT$1,554.29
+39.4%
21.4%NT$2,300.00NT$1,020.00n/a14
Aug ’25NT$1,140.00
NT$1,572.14
+37.9%
20.0%NT$2,300.00NT$1,120.00n/a14
Jul ’25NT$1,580.00
NT$1,598.85
+1.2%
18.4%NT$2,040.00NT$1,120.00n/a13
Jun ’25NT$1,455.00
NT$1,496.54
+2.9%
13.9%NT$1,800.00NT$1,120.00n/a13
May ’25NT$1,370.00
NT$1,470.77
+7.4%
14.1%NT$1,800.00NT$1,120.00n/a13
Apr ’25NT$1,295.00
NT$1,531.54
+18.3%
13.8%NT$1,800.00NT$1,190.00n/a13
Mar ’25NT$1,580.00
NT$1,535.38
-2.8%
17.1%NT$2,120.00NT$1,190.00n/a13
Feb ’25NT$1,545.00
NT$1,667.46
+7.9%
14.7%NT$2,120.00NT$1,300.00n/a13
Jan ’25NT$1,740.00
NT$1,702.85
-2.1%
16.2%NT$2,340.00NT$1,300.00n/a13
Dec ’24NT$1,630.00
NT$1,726.42
+5.9%
12.4%NT$2,120.00NT$1,357.00n/a12
Nov ’24NT$1,485.00
NT$1,723.36
+16.1%
11.1%NT$2,000.00NT$1,357.00NT$1,180.0011
Oct ’24NT$1,365.00
NT$1,756.20
+28.7%
11.3%NT$2,000.00NT$1,357.00NT$1,060.0010
Sep ’24NT$1,405.00
NT$1,755.64
+25.0%
12.6%NT$2,100.00NT$1,357.00NT$1,115.0011
Aug ’24NT$1,475.00
NT$1,664.73
+12.9%
17.7%NT$2,100.00NT$1,000.00NT$1,140.0011
Jul ’24NT$1,605.00
NT$1,290.82
-19.6%
25.0%NT$2,000.00NT$860.00NT$1,580.0011
Jun ’24NT$1,535.00
NT$1,104.30
-28.1%
16.4%NT$1,380.00NT$860.00NT$1,455.0010
May ’24NT$996.00
NT$1,041.22
+4.5%
16.8%NT$1,380.00NT$860.00NT$1,370.009
Apr ’24NT$1,085.00
NT$942.78
-13.1%
19.6%NT$1,380.00NT$700.00NT$1,295.009
Mar ’24NT$1,180.00
NT$894.67
-24.2%
11.3%NT$1,000.00NT$700.00NT$1,580.009
Feb ’24NT$786.00
NT$717.00
-8.8%
13.0%NT$836.00NT$539.00NT$1,545.009
Jan ’24NT$641.00
NT$702.56
+9.6%
12.3%NT$836.00NT$539.00NT$1,740.009
Dec ’23NT$740.00
NT$685.89
-7.3%
14.4%NT$836.00NT$539.00NT$1,630.009
Nov ’23NT$493.50
NT$611.00
+23.8%
12.0%NT$720.00NT$490.00NT$1,485.009

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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