Machvision Valuation

Q: What is the Fair Price of 3563 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

3563 (NT$392) is trading above our estimate of [[fair value]] (NT$68.57)

Is 3563 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 3563 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3563 (NT$392) is trading above our estimate of fair value (NT$68.57)

Significantly Below Fair Value: 3563 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3563?

Key metric: As 3563 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3563. This is calculated by dividing 3563's market cap by their current revenue.
What is 3563's PS Ratio?
PS Ratio	19.6x
Sales	NT$1.16b
Market Cap	NT$22.79b

3563 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	16.5x
Enterprise Value/EBITDA	187.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 3563's PS Ratio compare to its peers?

The above table shows the PS ratio for 3563 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	13x
5443 Gallant Precision Machining	5.3x	n/a	NT$21.0b
3081 LandMark Optoelectronics	27.2x	40.7%	NT$33.1b
6640 Gallant Micro. Machining	11x	n/a	NT$22.6b
2455 Visual Photonics Epitaxy	8.7x	15.5%	NT$30.0b
3563 Machvision	19.6x	n/a	NT$22.8b

Price-To-Sales vs Peers: 3563 is expensive based on its Price-To-Sales Ratio (19.6x) compared to the peer average (13x).

Price to Sales Ratio vs Industry

How does 3563's PS Ratio compare vs other companies in the TW Semiconductor Industry?

9 Companies	Price / Sales	Estimated Growth	Market Cap
6196 Marketech International	0.5x	8.6%	US$930.06m
6120 Darwin Precisions	0.4x	n/a	US$274.79m
4967 Team Group	0.3x	-13.1%	US$216.37m
8096 CoAsia Electronics	0.2x	n/a	US$172.83m

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 3563 is expensive based on its Price-To-Sales Ratio (19.6x) compared to the TW Semiconductor industry average (3.5x).

Price to Sales Ratio vs Fair Ratio

What is 3563'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.

3563 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	19.6x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 3563'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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