TA-I Technology Co., Ltd.

TWSE:2478 Stock Report

Market Cap: NT$6.6b

TA-I Technology Valuation

Is 2478 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-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 2478 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2478 (NT$45.8) is trading above our estimate of fair value (NT$6.5)

Significantly Below Fair Value: 2478 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2478?

Key metric: As 2478 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2478. This is calculated by dividing 2478's market cap by their current earnings.
What is 2478's PE Ratio?
PE Ratio18.8x
EarningsNT$351.84m
Market CapNT$6.63b

Price to Earnings Ratio vs Peers

How does 2478's PE Ratio compare to its peers?

The above table shows the PE ratio for 2478 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.6x
3338 TaiSol Electronics
25.5x63.6%NT$6.3b
2375 Kaimei Electronic
21.6xn/aNT$6.7b
3605 ACES Electronics
61.7xn/aNT$6.7b
3694 AzureWave Technologies
17.5xn/aNT$6.7b
2478 TA-I Technology
18.8xn/aNT$6.6b

Price-To-Earnings vs Peers: 2478 is good value based on its Price-To-Earnings Ratio (18.8x) compared to the peer average (31.6x).


Price to Earnings Ratio vs Industry

How does 2478's PE Ratio compare vs other companies in the TW Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
2478 18.8xIndustry Avg. 22.7xNo. of Companies50PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2478 is good value based on its Price-To-Earnings Ratio (18.8x) compared to the TW Electronic industry average (22.7x).


Price to Earnings Ratio vs Fair Ratio

What is 2478'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.

2478 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2478'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.


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