Insyde Software Valuation

Q: What is the Fair Price of 6231 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

6231 (NT$578) is trading below our estimate of [[fair value]] (NT$951.86)

Is 6231 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 6231 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6231 (NT$578) is trading below our estimate of fair value (NT$951.86)

Significantly Below Fair Value: 6231 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6231?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 6231. This is calculated by dividing 6231's market cap by their current preferred multiple.
What is 6231's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	NT$26.39b

6231 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	16.9x
Enterprise Value/EBITDA	72.3x
PEG Ratio	1.7x

Price to Earnings Ratio vs Peers

How does 6231's PE Ratio compare to its peers?

The above table shows the PE ratio for 6231 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	22.2x
6221 Genesis Technology	26.7x	n/a	NT$8.4b
6791 Taiwan Auto-Design	21.9x	n/a	NT$1.9b
6697 Information Technology Total Services	17x	n/a	NT$1.2b
6741 91APP	23.2x	19.2%	NT$10.7b
6231 Insyde Software	93.4x	56.4%	NT$26.4b

Price-To-Earnings vs Peers: 6231 is expensive based on its Price-To-Earnings Ratio (93.4x) compared to the peer average (22.2x).

Price to Earnings Ratio vs Industry

How does 6231's PE Ratio compare vs other companies in the Asian Software Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	38.1%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	38.1%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: 6231 is expensive based on its Price-To-Earnings Ratio (93.4x) compared to the Asian Software industry average (29.2x).

Price to Earnings Ratio vs Fair Ratio

What is 6231'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.

6231 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	93.4x
Fair PE Ratio	45.3x

Price-To-Earnings vs Fair Ratio: 6231 is expensive based on its Price-To-Earnings Ratio (93.4x) compared to the estimated Fair Price-To-Earnings Ratio (45.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.