RITEK Corporation

TWSE:2349 Stock Report

Market Cap: NT$11.3b

RITEK Valuation

Is 2349 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-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 2349 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2349's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2349's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2349?

Key metric: As 2349 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2349. This is calculated by dividing 2349's market cap by their current revenue.
What is 2349's PS Ratio?
PS Ratio1.5x
SalesNT$7.61b
Market CapNT$11.34b

Price to Sales Ratio vs Peers

How does 2349's PS Ratio compare to its peers?

The above table shows the PS ratio for 2349 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.2x
6933 Amax Holding
2xn/aNT$10.8b
3088 Axiomtek
1.7x11.0%NT$11.2b
6277 Aten International
1.9x5.7%NT$9.3b
2495 Infortrend Technology
7.4xn/aNT$9.8b
2349 RITEK
1.5xn/aNT$11.3b

Price-To-Sales vs Peers: 2349 is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (3.2x).

Price to Sales Ratio vs Industry

How does 2349's PS Ratio compare vs other companies in the TW Tech Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
4938 Pegatron
0.2x7.2%US$7.98b
2324 Compal Electronics
0.2x4.9%US$4.98b
2312 Kinpo Electronics
0.3xn/aUS$1.47b
2414 Unitech Computer
0.3xn/aUS$191.15m
2349 1.5xIndustry Avg. 1.6xNo. of Companies18PS01.22.43.64.86+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2349 is good value based on its Price-To-Sales Ratio (1.5x) compared to the TW Tech industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is 2349'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.

2349 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.5x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2349'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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