Harmony Electronics Co. Ltd

TPEX:8182 Stock Report

Market Cap: NT$3.7b

Harmony Electronics Valuation

Is 8182 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 8182 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8182 (NT$34.2) is trading above our estimate of fair value (NT$17.86)

Significantly Below Fair Value: 8182 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8182?

Key metric: As 8182 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8182. This is calculated by dividing 8182's market cap by their current earnings.
What is 8182's PE Ratio?
PE Ratio15.8x
EarningsNT$231.05m
Market CapNT$3.66b

Price to Earnings Ratio vs Peers

How does 8182's PE Ratio compare to its peers?

The above table shows the PE ratio for 8182 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.8x
3294 Megaforce
64xn/aNT$3.9b
8032 Koryo Electronics
58.9xn/aNT$4.3b
6126 Singatron EnterpriseLtd
31.4xn/aNT$4.0b
5356 Sirtec InternationalLtd
4.9xn/aNT$3.5b
8182 Harmony Electronics
15.8xn/aNT$3.7b

Price-To-Earnings vs Peers: 8182 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (39.8x).


Price to Earnings Ratio vs Industry

How does 8182'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
8182 15.8xIndustry Avg. 22.5xNo. of Companies49PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8182 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the TW Electronic industry average (22.5x).


Price to Earnings Ratio vs Fair Ratio

What is 8182'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.

8182 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 8182'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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