Kaimei Electronic Valuation

Q: What is the Fair Price of 2375 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2375 (NT$64.2) is trading below our estimate of [[fair value]] (NT$72.29)

Is 2375 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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 2375 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2375 (NT$64.2) is trading below our estimate of fair value (NT$72.29)

Significantly Below Fair Value: 2375 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2375?

Key metric: As 2375 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2375. This is calculated by dividing 2375's market cap by their current earnings.
What is 2375's PE Ratio?
PE Ratio	22.4x
Earnings	NT$311.42m
Market Cap	NT$6.81b

2375 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.4x
Enterprise Value/EBITDA	9.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 2375's PE Ratio compare to its peers?

The above table shows the PE ratio for 2375 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	32.2x
6173 Prosperity Dielectrics	17.4x	n/a	NT$7.4b
2478 TA-I Technology	19.3x	n/a	NT$6.7b
3338 TaiSol Electronics	25.3x	63.6%	NT$6.3b
3605 ACES Electronics	66.8x	n/a	NT$6.9b
2375 Kaimei Electronic	22.4x	n/a	NT$6.8b

Price-To-Earnings vs Peers: 2375 is good value based on its Price-To-Earnings Ratio (22.4x) compared to the peer average (32.1x).

Price to Earnings Ratio vs Industry

How does 2375's PE Ratio compare vs other companies in the TW Electronic Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 2375 is good value based on its Price-To-Earnings Ratio (22.4x) compared to the TW Electronic industry average (22.5x).

Price to Earnings Ratio vs Fair Ratio

What is 2375'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.

2375 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	22.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2375'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.

Discover undervalued companies

Yageo

NT$270.4b

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

2327

NT$537.00

0.8%

11.6%

Wiwynn

NT$395.8b

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

6669

NT$2,130.00

-1.4%

21.7%

Innodisk

NT$21.5b

Researches, develops, manufactures, and sales industrial embedded storage devices in Taiwan, Asia, Japan, Germany, China, Europe, the United States, and internationally.

5289

NT$235.00

1.1%

-23.7%