Zinwell Valuation

Is 2485 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2485 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2485 (NT$16.7) is trading below our estimate of fair value (NT$400.26)

Significantly Below Fair Value: 2485 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2485?

Key metric: As 2485 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2485. This is calculated by dividing 2485's market cap by their current revenue.
What is 2485's PS Ratio?
PS Ratio	1.5x
Sales	NT$3.49b
Market Cap	NT$5.34b

2485 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	0.9x
Enterprise Value/EBITDA	-9.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 2485's PS Ratio compare to its peers?

The above table shows the PS ratio for 2485 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	4.9x
6220 YFC-Boneagle Electric	0.4x	n/a	NT$4.1b
3447 XAVi Technologies	3.2x	n/a	NT$7.7b
3466 Skardin Industrial	11.6x	n/a	NT$4.1b
2314 Microelectronics Technology	4.5x	n/a	NT$7.9b
2485 Zinwell	1.5x	n/a	NT$5.3b

Price-To-Sales vs Peers: 2485 is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (4.9x).

Price to Sales Ratio vs Industry

How does 2485's PS Ratio compare vs other companies in the TW Communications Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
2321 Tecom	0.3x	n/a	US$6.78m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 2485 is good value based on its Price-To-Sales Ratio (1.5x) compared to the TW Communications industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is 2485's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2485 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2485's Price-To-Sales 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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