Advantech Co., Ltd.

TWSE:2395 Stock Report

Market Cap: NT$292.7b

Advantech Valuation

Is 2395 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 2395 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2395 (NT$339) is trading below our estimate of fair value (NT$348.24)

Significantly Below Fair Value: 2395 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 2395?

Key metric: As 2395 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2395. This is calculated by dividing 2395's market cap by their current earnings.
What is 2395's PE Ratio?
PE Ratio33.8x
EarningsNT$8.65b
Market CapNT$292.70b

Price to Earnings Ratio vs Peers

How does 2395's PE Ratio compare to its peers?

The above table shows the PE ratio for 2395 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21x
3231 Wistron
19.8x26.6%NT$306.2b
4938 Pegatron
13.3x3.0%NT$240.5b
2301 Lite-On Technology
18.5x17.3%NT$228.9b
3017 Asia Vital Components
32.4x30.6%NT$243.0b
2395 Advantech
33.8x14.0%NT$292.7b

Price-To-Earnings vs Peers: 2395 is expensive based on its Price-To-Earnings Ratio (33.8x) compared to the peer average (21x).

Price to Earnings Ratio vs Industry

How does 2395'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
2395 33.8xIndustry Avg. 20.8xNo. of Companies12PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2395 is expensive based on its Price-To-Earnings Ratio (33.8x) compared to the TW Tech industry average (20.8x).

Price to Earnings Ratio vs Fair Ratio

What is 2395'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.

2395 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.8x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: 2395 is expensive based on its Price-To-Earnings Ratio (33.8x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).

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 2395 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$339.00
NT$352.38
+3.9%
11.7%NT$410.00NT$278.00n/a13
Dec ’25NT$335.50
NT$351.62
+4.8%
11.8%NT$410.00NT$278.00n/a13
Nov ’25NT$313.50
NT$359.00
+14.5%
13.9%NT$457.00NT$278.00n/a12
Oct ’25NT$319.00
NT$351.08
+10.1%
15.6%NT$457.00NT$275.00n/a12
Sep ’25NT$349.00
NT$351.08
+0.6%
15.6%NT$457.00NT$275.00n/a12
Aug ’25NT$352.00
NT$353.75
+0.5%
15.1%NT$457.00NT$275.00n/a12
Jul ’25NT$368.00
NT$372.00
+1.1%
15.6%NT$459.00NT$290.00n/a13
Jun ’25NT$353.00
NT$372.00
+5.4%
15.6%NT$459.00NT$290.00n/a13
May ’25NT$380.00
NT$373.15
-1.8%
15.8%NT$459.00NT$290.00n/a13
Apr ’25NT$400.00
NT$391.71
-2.1%
14.1%NT$460.00NT$300.00n/a14
Mar ’25NT$392.00
NT$359.23
-8.4%
11.8%NT$451.00NT$300.00n/a13
Feb ’25NT$350.50
NT$352.28
+0.5%
9.2%NT$402.00NT$300.00n/a14
Jan ’25NT$372.00
NT$355.30
-4.5%
11.5%NT$445.00NT$300.00n/a13
Dec ’24NT$354.50
NT$350.21
-1.2%
8.9%NT$402.00NT$300.00NT$335.5014
Nov ’24NT$331.50
NT$355.92
+7.4%
10.6%NT$436.00NT$300.00NT$313.5014
Oct ’24NT$345.00
NT$369.07
+7.0%
12.3%NT$440.00NT$300.00NT$319.0014
Sep ’24NT$344.50
NT$370.46
+7.5%
11.9%NT$440.00NT$300.00NT$349.0015
Aug ’24NT$396.00
NT$349.34
-11.8%
10.7%NT$409.14NT$290.94NT$352.0015
Jul ’24NT$372.31
NT$347.03
-6.8%
11.0%NT$409.14NT$290.94NT$368.0016
Jun ’24NT$360.49
NT$347.03
-3.7%
11.0%NT$409.14NT$290.94NT$353.0016
May ’24NT$337.31
NT$324.46
-3.8%
13.3%NT$388.23NT$245.48NT$380.0015
Apr ’24NT$337.31
NT$324.46
-3.8%
13.3%NT$388.23NT$245.48NT$400.0015
Mar ’24NT$324.13
NT$305.31
-5.8%
15.2%NT$381.86NT$238.21NT$392.0015
Feb ’24NT$314.58
NT$293.79
-6.6%
13.3%NT$363.68NT$238.21NT$350.5015
Jan ’24NT$300.94
NT$293.79
-2.4%
13.3%NT$363.68NT$238.21NT$372.0015
Dec ’23NT$295.94
NT$291.67
-1.4%
14.2%NT$363.68NT$231.84NT$354.5015

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 05:56
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 world class team 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 .

Analyst Sources

Advantech Co., Ltd. is covered by 29 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Aaron WuBarclays
Robert ChengBofA Global Research
Changrong ChenCapital Securities Corporation