Nuvoton Technology Corporation

TWSE:4919 Stock Report

Market Cap: NT$39.8b

Nuvoton Technology Valuation

Is 4919 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 4919 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4919 (NT$94.8) is trading below our estimate of fair value (NT$194.98)

Significantly Below Fair Value: 4919 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4919?

Key metric: As 4919 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4919. This is calculated by dividing 4919's market cap by their current earnings.
What is 4919's PE Ratio?
PE Ratio40.2x
EarningsNT$989.16m
Market CapNT$39.79b

Price to Earnings Ratio vs Peers

How does 4919's PE Ratio compare to its peers?

The above table shows the PE ratio for 4919 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.6x
6147 Chipbond Technology
12.1x9.4%NT$48.0b
2458 ELAN Microelectronics
15.7x8.2%NT$42.5b
2393 Everlight Electronics
15.3x0.6%NT$34.5b
6257 Sigurd Microelectronics
15.3xn/aNT$34.3b
4919 Nuvoton Technology
40.2x82.4%NT$39.8b

Price-To-Earnings vs Peers: 4919 is expensive based on its Price-To-Earnings Ratio (40.2x) compared to the peer average (14.6x).

Price to Earnings Ratio vs Industry

How does 4919'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
4919 40.2xIndustry Avg. 30.8xNo. of Companies30PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4919 is expensive based on its Price-To-Earnings Ratio (40.2x) compared to the TW Semiconductor industry average (30.5x).

Price to Earnings Ratio vs Fair Ratio

What is 4919'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.

4919 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.2x
Fair PE Ratio64.9x

Price-To-Earnings vs Fair Ratio: 4919 is good value based on its Price-To-Earnings Ratio (40.2x) compared to the estimated Fair Price-To-Earnings Ratio (64.9x).

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 4919 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$94.80
NT$121.67
+28.3%
5.1%NT$130.00NT$115.00n/a3
Nov ’25NT$102.50
NT$121.67
+18.7%
5.1%NT$130.00NT$115.00n/a3
Oct ’25NT$85.20
NT$110.33
+29.5%
19.2%NT$130.00NT$81.00n/a3
Sep ’25NT$89.10
NT$110.33
+23.8%
19.2%NT$130.00NT$81.00n/a3
Aug ’25NT$108.00
NT$142.67
+32.1%
6.3%NT$150.00NT$130.00n/a3
Jul ’25NT$124.50
NT$142.67
+14.6%
6.3%NT$150.00NT$130.00n/a3
Jun ’25NT$128.00
NT$142.67
+11.5%
6.3%NT$150.00NT$130.00n/a3
May ’25NT$129.50
NT$142.67
+10.2%
6.3%NT$150.00NT$130.00n/a3
Apr ’25NT$124.50
NT$142.67
+14.6%
6.3%NT$150.00NT$130.00n/a3
Mar ’25NT$128.50
NT$142.67
+11.0%
6.3%NT$150.00NT$130.00n/a3
Feb ’25NT$129.00
NT$144.00
+11.6%
6.9%NT$152.00NT$130.00n/a3
Jan ’25NT$142.00
NT$144.00
+1.4%
6.9%NT$152.00NT$130.00n/a3
Dec ’24NT$149.50
NT$144.00
-3.7%
6.9%NT$152.00NT$130.00n/a3
Nov ’24NT$128.50
NT$137.33
+6.9%
14.1%NT$152.00NT$110.00NT$102.503
Oct ’24NT$125.00
NT$137.33
+9.9%
14.1%NT$152.00NT$110.00NT$85.203
Sep ’24NT$123.50
NT$137.33
+11.2%
14.1%NT$152.00NT$110.00NT$89.103
Aug ’24NT$133.00
NT$142.17
+6.9%
4.8%NT$150.00NT$133.50NT$108.003
Jul ’24NT$128.50
NT$142.17
+10.6%
4.8%NT$150.00NT$133.50NT$124.503
Jun ’24NT$127.00
NT$142.17
+11.9%
4.8%NT$150.00NT$133.50NT$128.003
May ’24NT$133.00
NT$160.33
+20.6%
6.8%NT$168.00NT$145.00NT$129.503
Apr ’24NT$149.50
NT$160.33
+7.2%
6.8%NT$168.00NT$145.00NT$124.503
Mar ’24NT$149.50
NT$160.33
+7.2%
6.8%NT$168.00NT$145.00NT$128.503
Feb ’24NT$142.00
NT$156.50
+10.2%
7.3%NT$168.00NT$145.00NT$129.002
Jan ’24NT$115.00
NT$156.50
+36.1%
7.3%NT$168.00NT$145.00NT$142.002
Dec ’23NT$123.50
NT$175.67
+42.2%
16.3%NT$214.00NT$145.00NT$149.503
Nov ’23NT$104.00
NT$175.67
+68.9%
16.3%NT$214.00NT$145.00NT$128.503

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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