King Slide Works Co., Ltd.

TWSE:2059 Stock Report

Market Cap: NT$129.1b

King Slide Works Valuation

Is 2059 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 2059 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2059 (NT$1355) is trading above our estimate of fair value (NT$948.34)

Significantly Below Fair Value: 2059 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2059?

Key metric: As 2059 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2059. This is calculated by dividing 2059's market cap by their current earnings.
What is 2059's PE Ratio?
PE Ratio28.4x
EarningsNT$4.55b
Market CapNT$129.13b

Price to Earnings Ratio vs Peers

How does 2059's PE Ratio compare to its peers?

The above table shows the PE ratio for 2059 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.2x
2377 Micro-Star International
20.1x28.0%NT$141.9b
2385 Chicony Electronics
13x6.8%NT$112.8b
2356 Inventec
25.7x20.4%NT$176.7b
2353 Acer
22.3x24.6%NT$114.2b
2059 King Slide Works
28.4x14.5%NT$129.1b

Price-To-Earnings vs Peers: 2059 is expensive based on its Price-To-Earnings Ratio (28.4x) compared to the peer average (20.2x).

Price to Earnings Ratio vs Industry

How does 2059's PE Ratio compare vs other companies in the TW Tech Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
2059 28.4xIndustry Avg. 21.0xNo. of Companies13PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2059 is expensive based on its Price-To-Earnings Ratio (28.4x) compared to the TW Tech industry average (21x).

Price to Earnings Ratio vs Fair Ratio

What is 2059'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.

2059 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.4x
Fair PE Ratio22.5x

Price-To-Earnings vs Fair Ratio: 2059 is expensive based on its Price-To-Earnings Ratio (28.4x) compared to the estimated Fair Price-To-Earnings Ratio (22.5x).

Analyst Price Targets

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

The above table shows the analyst 2059 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$1,355.00
NT$1,696.00
+25.2%
8.7%NT$1,875.00NT$1,403.00n/a8
Nov ’25NT$1,275.00
NT$1,500.25
+17.7%
14.2%NT$1,800.00NT$1,129.00n/a8
Oct ’25NT$1,090.00
NT$1,525.88
+40.0%
13.9%NT$1,800.00NT$1,129.00n/a8
Sep ’25NT$1,265.00
NT$1,525.88
+20.6%
13.9%NT$1,800.00NT$1,129.00n/a8
Aug ’25NT$1,135.00
NT$1,560.63
+37.5%
10.8%NT$1,800.00NT$1,300.00n/a8
Jul ’25NT$1,220.00
NT$1,563.38
+28.1%
8.5%NT$1,800.00NT$1,337.00n/a8
Jun ’25NT$1,125.00
NT$1,573.63
+39.9%
8.4%NT$1,800.00NT$1,337.00n/a8
May ’25NT$1,230.00
NT$1,541.13
+25.3%
6.6%NT$1,680.00NT$1,337.00n/a8
Apr ’25NT$1,260.00
NT$1,541.13
+22.3%
6.6%NT$1,680.00NT$1,337.00n/a8
Mar ’25NT$1,375.00
NT$1,541.13
+12.1%
6.6%NT$1,680.00NT$1,337.00n/a8
Feb ’25NT$1,055.00
NT$1,061.43
+0.6%
12.4%NT$1,230.00NT$820.00n/a7
Jan ’25NT$914.00
NT$996.67
+9.0%
8.9%NT$1,100.00NT$820.00n/a6
Dec ’24NT$884.00
NT$1,021.43
+15.5%
10.0%NT$1,170.00NT$820.00n/a7
Nov ’24NT$684.00
NT$1,055.50
+54.3%
16.8%NT$1,277.00NT$761.00NT$1,275.006
Oct ’24NT$828.00
NT$1,032.60
+24.7%
18.0%NT$1,277.00NT$761.00NT$1,090.005
Sep ’24NT$874.00
NT$1,032.60
+18.1%
18.0%NT$1,277.00NT$761.00NT$1,265.005
Aug ’24NT$880.00
NT$872.33
-0.9%
38.0%NT$1,277.00NT$465.00NT$1,135.003
Jul ’24NT$663.00
NT$580.00
-12.5%
24.1%NT$777.00NT$465.00NT$1,220.003
Jun ’24NT$429.00
NT$484.33
+12.9%
2.9%NT$498.00NT$465.00NT$1,125.003
May ’24NT$413.00
NT$488.33
+18.2%
1.3%NT$495.00NT$480.00NT$1,230.003
Apr ’24NT$384.50
NT$507.50
+32.0%
5.4%NT$535.00NT$480.00NT$1,260.002
Mar ’24NT$403.00
NT$507.50
+25.9%
5.4%NT$535.00NT$480.00NT$1,375.002
Feb ’24NT$396.50
NT$534.00
+34.7%
10.1%NT$588.00NT$480.00NT$1,055.002
Jan ’24NT$384.00
NT$534.00
+39.1%
10.1%NT$588.00NT$480.00NT$914.002
Dec ’23NT$421.50
NT$534.00
+26.7%
10.1%NT$588.00NT$480.00NT$884.002
Nov ’23NT$419.00
NT$581.50
+38.8%
11.8%NT$650.00NT$513.00NT$684.002

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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