Qisda Corporation

TWSE:2352 Stock Report

Market Cap: NT$70.7b

Qisda Valuation

Is 2352 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 2352 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2352 (NT$36.55) is trading above our estimate of fair value (NT$0.42)

Significantly Below Fair Value: 2352 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2352?

Key metric: As 2352 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2352. This is calculated by dividing 2352's market cap by their current earnings.
What is 2352's PE Ratio?
PE Ratio29.5x
EarningsNT$2.40b
Market CapNT$70.68b

Price to Earnings Ratio vs Peers

How does 2352's PE Ratio compare to its peers?

The above table shows the PE ratio for 2352 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.8x
3706 MiTAC Holdings
30.3xn/aNT$82.5b
3324 Auras Technology
35.8x43.1%NT$59.1b
3005 Getac Holdings
16.3x16.4%NT$69.2b
2385 Chicony Electronics
13x6.8%NT$112.8b
2352 Qisda
29.5x48.3%NT$70.7b

Price-To-Earnings vs Peers: 2352 is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the peer average (23.8x).

Price to Earnings Ratio vs Industry

How does 2352'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
2352 29.5xIndustry Avg. 21.0xNo. of Companies13PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2352 is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the TW Tech industry average (21x).

Price to Earnings Ratio vs Fair Ratio

What is 2352'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.

2352 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.5x
Fair PE Ratio35.6x

Price-To-Earnings vs Fair Ratio: 2352 is good value based on its Price-To-Earnings Ratio (29.5x) compared to the estimated Fair Price-To-Earnings Ratio (35.6x).

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 2352 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$36.55
NT$41.13
+12.5%
6.1%NT$45.00NT$38.00n/a4
Nov ’25NT$36.45
NT$38.45
+5.5%
14.9%NT$48.00NT$33.00n/a4
Oct ’25NT$37.50
NT$38.45
+2.5%
14.9%NT$48.00NT$33.00n/a4
Sep ’25NT$35.85
NT$38.45
+7.3%
14.9%NT$48.00NT$33.00n/a4
Aug ’25NT$35.95
NT$44.50
+23.8%
8.8%NT$48.00NT$39.00n/a3
Jul ’25NT$38.90
NT$42.75
+9.9%
8.8%NT$46.50NT$39.00n/a2
Jun ’25NT$39.65
NT$42.75
+7.8%
8.8%NT$46.50NT$39.00n/a2
May ’25NT$41.40
NT$44.25
+6.9%
5.1%NT$46.50NT$42.00n/a2
Apr ’25NT$43.55
NT$44.25
+1.6%
5.1%NT$46.50NT$42.00n/a2
Mar ’25NT$46.95
NT$54.00
+15.0%
11.1%NT$60.00NT$48.00n/a2
Feb ’25NT$47.05
NT$54.00
+14.8%
11.1%NT$60.00NT$48.00n/a2
Jan ’25NT$48.00
NT$49.35
+2.8%
2.7%NT$50.70NT$48.00n/a2
Dec ’24NT$44.65
NT$49.35
+10.5%
2.7%NT$50.70NT$48.00n/a2
Nov ’24NT$43.60
NT$50.85
+16.6%
0.3%NT$51.00NT$50.70NT$36.452
Oct ’24NT$44.65
NT$50.85
+13.9%
0.3%NT$51.00NT$50.70NT$37.502
Sep ’24NT$44.90
NT$50.85
+13.3%
0.3%NT$51.00NT$50.70NT$35.852
Aug ’24NT$48.50
NT$48.25
-0.5%
8.8%NT$52.50NT$44.00NT$35.952
Jul ’24NT$45.90
NT$48.25
+5.1%
8.8%NT$52.50NT$44.00NT$38.902
Nov ’23NT$24.75
NT$29.55
+19.4%
6.6%NT$31.50NT$27.60NT$43.602

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Yageo

NT$268.4b

Engages in the manufacture and sale of passive components in China, Europe, the United States, and rest of Asia.

2327

NT$533.00

7D

-2.7%

1Y

16.4%

Chicony Electronics

NT$112.8b

Engages in the manufacture and sale of electronic parts and components in Taiwan and internationally.

2385

NT$155.00

7D

0.6%

1Y

1.6%

Wiwynn

NT$401.4b

Manufactures and sells servers and storage products in cloud infrastructure and hyperscale data center in the United States, Europe, Asia, and internationally.

6669

NT$2,160.00

7D

4.9%

1Y

18.0%