Edison Opto Valuation

Q: What is the Fair Price of 3591 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

3591 (NT$24.25) is trading above our estimate of [[fair value]] (NT$1.7)

Is 3591 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-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 3591 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3591 (NT$24.25) is trading above our estimate of fair value (NT$1.7)

Significantly Below Fair Value: 3591 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3591?

Key metric: As 3591 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3591. This is calculated by dividing 3591's market cap by their current earnings.
What is 3591's PE Ratio?
PE Ratio	31.4x
Earnings	NT$109.59m
Market Cap	NT$3.45b

3591 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	1.1x
Enterprise Value/EBITDA	12x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 3591's PE Ratio compare to its peers?

The above table shows the PE ratio for 3591 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	29.1x
6720 Major-Power Technology	38.5x	n/a	NT$4.1b
6568 Rafael Microelectronics	51.3x	n/a	NT$3.7b
8049 Ampire	10.9x	n/a	NT$4.1b
3168 Data Image	15.8x	n/a	NT$3.8b
3591 Edison Opto	31.4x	n/a	NT$3.4b

Price-To-Earnings vs Peers: 3591 is expensive based on its Price-To-Earnings Ratio (31.4x) compared to the peer average (29.1x).

Price to Earnings Ratio vs Industry

How does 3591's PE Ratio compare vs other companies in the TW Semiconductor Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
4944 Crystalwise Technology	4x	n/a	US$15.69m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 3591 is expensive based on its Price-To-Earnings Ratio (31.4x) compared to the TW Semiconductor industry average (30.9x).

Price to Earnings Ratio vs Fair Ratio

What is 3591'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.

3591 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	31.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 3591'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

Chipbond Technology

NT$45.4b

Engages in the research, development, manufacture, and sale of driver IC and non-driver IC packaging and testing services in Taiwan and Mainland China.

6147

NT$60.90

-4.7%

-12.4%

GlobalWafers

NT$204.4b

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

6488

NT$427.50

0.2%

-19.6%

Realtek Semiconductor

NT$250.3b

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

2379

NT$488.00

-2.4%

14.0%