Elite Material Co., Ltd.

TWSE:2383 Stock Report

Market Cap: NT$1.9t

Elite Material Valuation

Is 2383 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow 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 2383 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 2383 (NT$5365) is trading below our estimate of future cash flow value (NT$7775.81)

Significantly Below Future Cash Flow Value: 2383 is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2383?

Key metric: As 2383 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2383. This is calculated by dividing 2383's market cap by their current earnings.
What is 2383's PE Ratio?
PE Ratio83.9x
EarningsNT$22.92b
Market CapNT$1.92t

Price to Earnings Ratio vs Peers

How does 2383's PE Ratio compare to its peers?

The above table shows the PE ratio for 2383 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average43.9x
3037 Unimicron Technology
67.1x48.42%NT$1.6t
2327 Yageo
36.6x27.18%NT$1.1t
3008 Largan Precision
35.4x6.26%NT$871.1b
2368 Gold Circuit Electronics
36.5x42.62%NT$527.3b
2383 Elite Material
83.9x58.06%NT$1.9t

Price-To-Earnings vs Peers: 2383 is expensive based on its Price-To-Earnings Ratio (83.9x) compared to the peer average (43.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 2383's PE Ratio compare vs other companies in the TW Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3356 GeoVision
4.2xn/aUS$151.11m
3659 Bison Electronics
4.5xn/aUS$35.91m
3609 HEP Tech
2.8xn/aUS$21.91m
No more companies available in this PE range
2383 83.9xIndustry Avg. 25.9xNo. of Companies46PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2383 is expensive based on its Price-To-Earnings Ratio (83.9x) compared to the TW Electronic industry average (25.9x).

Price to Earnings Ratio vs Fair Ratio

What is 2383'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.

2383 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio83.9x
Fair PE Ratio55.9x

Price-To-Earnings vs Fair Ratio: 2383 is expensive based on its Price-To-Earnings Ratio (83.9x) compared to the estimated Fair Price-To-Earnings Ratio (55.9x).

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 2383 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$5,365.00
NT$7,517.81
+40.13%
14.48%NT$10,200.00NT$6,000.00n/a16
Sep ’27NT$5,640.00
NT$7,517.81
+33.29%
14.48%NT$10,200.00NT$6,000.00n/a16
Aug ’27NT$4,745.00
NT$7,094.38
+49.51%
23.76%NT$10,200.00NT$2,400.00n/a16
Jul ’27NT$5,535.00
NT$5,723.13
+3.40%
27.54%NT$8,000.00NT$1,985.00n/a15
Jun ’27NT$5,070.00
NT$5,224.21
+3.04%
25.69%NT$6,600.00NT$1,985.00n/a14
May ’27NT$4,545.00
NT$4,883.50
+7.45%
23.23%NT$6,000.00NT$1,985.00n/a14
Apr ’27NT$2,860.00
NT$3,035.00
+6.12%
14.38%NT$3,600.00NT$1,985.00n/a14
Mar ’27NT$2,440.00
NT$2,098.57
-13.99%
21.84%NT$3,000.00NT$1,350.00n/a14
Feb ’27NT$1,745.00
NT$1,956.79
+12.14%
15.95%NT$2,400.00NT$1,350.00n/a14
Jan ’27NT$1,645.00
NT$1,696.67
+3.14%
14.21%NT$2,060.00NT$1,350.00n/a12
Dec ’26NT$1,475.00
NT$1,584.58
+7.43%
15.58%NT$1,950.00NT$1,080.00n/a12
Nov ’26NT$1,360.00
NT$1,399.58
+2.91%
15.57%NT$1,695.00NT$990.00n/a12
Oct ’26NT$1,230.00
NT$1,291.83
+5.03%
13.36%NT$1,530.00NT$990.00n/a12
Sep ’26NT$1,155.00
NT$1,281.00
+10.91%
12.57%NT$1,500.00NT$990.00NT$5,640.0012
Aug ’26NT$1,120.00
NT$1,240.17
+10.73%
11.02%NT$1,460.00NT$990.00NT$4,745.0012
Jul ’26NT$900.00
NT$929.75
+3.31%
11.95%NT$1,100.00NT$720.00NT$5,535.0012
Jun ’26NT$749.00
NT$828.58
+10.63%
9.35%NT$975.00NT$705.00NT$5,070.0012
May ’26NT$556.00
NT$794.00
+42.81%
9.44%NT$900.00NT$635.00NT$4,545.0012
Apr ’26NT$545.00
NT$761.50
+39.72%
9.82%NT$900.00NT$580.00NT$2,860.0012
Mar ’26NT$632.00
NT$727.62
+15.13%
16.15%NT$900.00NT$500.00NT$2,440.0013
Feb ’26n/a
NT$616.27
0%
16.93%NT$765.00NT$431.50NT$1,745.0013
Jan ’26NT$618.00
NT$588.12
-4.84%
14.20%NT$690.00NT$431.50NT$1,645.0013
Dec ’25NT$468.50
NT$540.96
+15.47%
14.07%NT$690.00NT$425.00NT$1,475.0013
Nov ’25NT$427.00
NT$535.58
+25.43%
14.26%NT$680.00NT$425.00NT$1,360.0013
Oct ’25NT$442.00
NT$564.96
+27.82%
11.81%NT$688.00NT$450.00NT$1,230.0013
Sep ’25NT$465.00
NT$566.21
+21.77%
12.24%NT$688.00NT$450.00NT$1,155.0012
NT$7.52k
Fair Value
28.6% undervalued intrinsic discount
16
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 17:37
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Elite Material Co., Ltd. is covered by 24 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Skye ChenAletheia Analyst Network Limited
Mike YangBofA Global Research
Yijun TuCapital Securities Corporation