Argosy Research Inc.

TPEX:3217 Stock Report

Market Cap: NT$13.8b

Argosy Research Valuation

Is 3217 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 3217 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3217 (NT$154) is trading below our estimate of fair value (NT$268.86)

Significantly Below Fair Value: 3217 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3217?

Key metric: As 3217 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3217. This is calculated by dividing 3217's market cap by their current earnings.
What is 3217's PE Ratio?
PE Ratio14.9x
EarningsNT$926.17m
Market CapNT$13.83b

Price to Earnings Ratio vs Peers

How does 3217's PE Ratio compare to its peers?

The above table shows the PE ratio for 3217 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average48.4x
3454 Vivotek
55.5xn/aNT$11.6b
8076 Firich Enterprises
18.1xn/aNT$9.4b
5340 Baotek Industrial Materials
84.6xn/aNT$8.8b
8114 Posiflex Technology
35.4x22.4%NT$22.6b
3217 Argosy Research
15x6.2%NT$13.8b

Price-To-Earnings vs Peers: 3217 is good value based on its Price-To-Earnings Ratio (15x) compared to the peer average (48.4x).

Price to Earnings Ratio vs Industry

How does 3217's PE Ratio compare vs other companies in the TW Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
3217 14.9xIndustry Avg. 22.5xNo. of Companies48PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3217 is good value based on its Price-To-Earnings Ratio (15x) compared to the TW Electronic industry average (22.5x).

Price to Earnings Ratio vs Fair Ratio

What is 3217'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.

3217 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.9x
Fair PE Ratio14.1x

Price-To-Earnings vs Fair Ratio: 3217 is expensive based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (14.1x).

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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