Daito Me Holdings Co., Ltd

TPEX:8455 Stock Report

Market Cap: NT$744.0m

Daito Me Holdings Valuation

Is 8455 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 8455 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8455 (NT$29.5) is trading below our estimate of fair value (NT$388.83)

Significantly Below Fair Value: 8455 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8455?

Key metric: As 8455 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 8455. This is calculated by dividing 8455's market cap by their current revenue.
What is 8455's PS Ratio?
PS Ratio0.6x
SalesNT$1.27b
Market CapNT$743.96m

Price to Sales Ratio vs Peers

How does 8455's PS Ratio compare to its peers?

The above table shows the PS ratio for 8455 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
6259 Bull Will
1.2xn/aNT$477.1m
6140 Dimension Computer Technology
0.7xn/aNT$1.1b
2468 Fortune Information Systems
0.7xn/aNT$1.5b
3232 Sentronic International
0.7xn/aNT$1.2b
8455 Daito Me Holdings
0.6xn/aNT$744.0m

Price-To-Sales vs Peers: 8455 is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does 8455's PS Ratio compare vs other companies in the TW Electronic Industry?

15 CompaniesPrice / SalesEstimated GrowthMarket Cap
2347 Synnex Technology International
0.3x8.3%US$3.86b
3036 WT Microelectronics
0.1x15.3%US$3.70b
3702 WPG Holdings
0.1x13.1%US$3.61b
8112 Supreme Electronics
0.1xn/aUS$993.63m
8455 0.6xIndustry Avg. 1.8xNo. of Companies40PS01.22.43.64.86+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 8455 is good value based on its Price-To-Sales Ratio (0.6x) compared to the TW Electronic industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is 8455's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

8455 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 8455's Price-To-Sales 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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