Darwin Precisions Valuation

Is 6120 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 6120 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6120 (NT$13.1) is trading below our estimate of fair value (NT$262.57)

Significantly Below Fair Value: 6120 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6120?

Key metric: As 6120 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6120. This is calculated by dividing 6120's market cap by their current earnings.
What is 6120's PE Ratio?
PE Ratio	45.3x
Earnings	NT$192.42m
Market Cap	NT$8.72b

6120 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	0.2x
Enterprise Value/EBITDA	4.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 6120's PE Ratio compare to its peers?

The above table shows the PE ratio for 6120 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	36x
6683 Keystone Microtech	21.9x	0.3%	NT$9.1b
6525 GEM Services	14.9x	n/a	NT$8.7b
8110 Walton Advanced Engineering	47.7x	n/a	NT$7.3b
6443 TSEC	59.7x	n/a	NT$10.3b
6120 Darwin Precisions	45.3x	n/a	NT$8.7b

Price-To-Earnings vs Peers: 6120 is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the peer average (36x).

Price to Earnings Ratio vs Industry

How does 6120'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: 6120 is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the TW Semiconductor industry average (30.2x).

Price to Earnings Ratio vs Fair Ratio

What is 6120'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.

6120 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	45.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 6120'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.