CyberLink Valuation

Q: What is the Fair Price of 5203 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

5203 (NT$84.3) is trading above our estimate of [[fair value]] (NT$43.46)

Is 5203 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 5203 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5203 (NT$84.3) is trading above our estimate of fair value (NT$43.46)

Significantly Below Fair Value: 5203 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5203?

Key metric: As 5203 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 5203. This is calculated by dividing 5203's market cap by their current earnings.
What is 5203's PE Ratio?
PE Ratio	27.8x
Earnings	NT$239.57m
Market Cap	NT$6.66b

5203 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	2.2x
Enterprise Value/EBITDA	24.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 5203's PE Ratio compare to its peers?

The above table shows the PE ratio for 5203 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	40.5x
6870 Turn Cloud Technology Service	67.3x	n/a	NT$5.5b
6906 Groundhog	51.4x	42.7%	NT$5.6b
6741 91APP	22.9x	23.2%	NT$10.4b
6752 Galaxy Software Services	20.2x	n/a	NT$4.4b
5203 CyberLink	27.8x	n/a	NT$6.7b

Price-To-Earnings vs Peers: 5203 is good value based on its Price-To-Earnings Ratio (27.8x) compared to the peer average (40.5x).

Price to Earnings Ratio vs Industry

How does 5203's PE Ratio compare vs other companies in the Asian Software Industry?

8 Companies	Price / Earnings	Estimated Growth	Market Cap

8 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 5203 is good value based on its Price-To-Earnings Ratio (27.8x) compared to the Asian Software industry average (29.7x).

Price to Earnings Ratio vs Fair Ratio

What is 5203'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.

5203 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	27.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 5203'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.

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