HTC Corporation

TWSE:2498 Stock Report

Market Cap: NT$39.4b

HTC Valuation

Is 2498 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-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 2498 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2498's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2498's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2498?

Key metric: As 2498 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2498. This is calculated by dividing 2498's market cap by their current revenue.
What is 2498's PS Ratio?
PS Ratio11.7x
SalesNT$3.33b
Market CapNT$39.38b

Price to Sales Ratio vs Peers

How does 2498's PS Ratio compare to its peers?

The above table shows the PS ratio for 2498 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.4x
2451 Transcend Information
3.9xn/aNT$40.2b
2362 Clevo
1.3xn/aNT$34.0b
6188 Quanta Storage
3.1xn/aNT$26.8b
3515 ASROCK Incorporation
1.4x19.2%NT$29.6b
2498 HTC
11.7x61.9%NT$39.4b

Price-To-Sales vs Peers: 2498 is expensive based on its Price-To-Sales Ratio (11.7x) compared to the peer average (2.4x).

Price to Sales Ratio vs Industry

How does 2498's PS Ratio compare vs other companies in the TW Tech Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
4938 Pegatron
0.2x7.2%US$8.00b
2324 Compal Electronics
0.2x4.9%US$5.13b
2414 Unitech Computer
0.3xn/aUS$192.83m
3202 High-Tek Harness Enterprise
0.1xn/aUS$25.45m
No more companies available in this PS range
2498 11.7xIndustry Avg. 1.6xNo. of Companies17PS01.22.43.64.86+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2498 is expensive based on its Price-To-Sales Ratio (11.7x) compared to the TW Tech industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is 2498'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.

2498 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio11.7x
Fair PS Ratio13.2x

Price-To-Sales vs Fair Ratio: 2498 is good value based on its Price-To-Sales Ratio (11.7x) compared to the estimated Fair Price-To-Sales Ratio (13.2x).

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 2498 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$46.95
NT$47.00
+0.1%
2.1%NT$48.00NT$46.00n/a2
Nov ’25NT$43.10
NT$47.50
+10.2%
3.2%NT$49.00NT$46.00n/a2
Oct ’25NT$52.00
NT$47.50
-8.7%
3.2%NT$49.00NT$46.00n/a2
Sep ’25NT$44.50
NT$47.50
+6.7%
3.2%NT$49.00NT$46.00n/a2
Aug ’25NT$45.00
NT$50.00
+11.1%
8.0%NT$54.00NT$46.00n/a2
Jul ’25NT$45.70
NT$50.00
+9.4%
8.0%NT$54.00NT$46.00n/a2
Jun ’25NT$43.60
NT$50.67
+16.2%
6.7%NT$54.00NT$46.00n/a3
May ’25NT$42.65
NT$53.00
+24.3%
1.5%NT$54.00NT$52.00n/a3
Apr ’25NT$48.25
NT$55.67
+15.4%
8.1%NT$62.00NT$52.00n/a3
Mar ’25NT$48.95
NT$55.67
+13.7%
8.1%NT$62.00NT$52.00n/a3
Feb ’25NT$50.70
NT$55.67
+9.8%
8.1%NT$62.00NT$52.00n/a3
Jan ’25NT$51.30
NT$53.33
+4.0%
2.3%NT$55.00NT$52.00n/a3
Dec ’24NT$49.45
NT$54.50
+10.2%
4.6%NT$57.00NT$52.00n/a2
Nov ’24NT$44.75
NT$57.00
+27.4%
3.5%NT$59.00NT$55.00NT$43.102
Oct ’24NT$48.10
NT$61.50
+27.9%
10.6%NT$68.00NT$55.00NT$52.002
Sep ’24NT$52.10
NT$61.50
+18.0%
10.6%NT$68.00NT$55.00NT$44.502
Aug ’24NT$55.60
NT$67.00
+20.5%
7.5%NT$72.00NT$62.00NT$45.002
Jul ’24NT$57.10
NT$68.00
+19.1%
8.8%NT$74.00NT$62.00NT$45.702
Jun ’24NT$62.40
NT$68.00
+9.0%
8.8%NT$74.00NT$62.00NT$43.602
May ’24NT$56.70
NT$69.00
+21.7%
10.1%NT$76.00NT$62.00NT$42.652
Apr ’24NT$62.60
NT$69.00
+10.2%
10.1%NT$76.00NT$62.00NT$48.252
Mar ’24NT$66.10
NT$65.50
-0.9%
17.6%NT$77.00NT$54.00NT$48.952
Feb ’24NT$60.90
NT$61.00
+0.2%
11.5%NT$68.00NT$54.00NT$50.702
Jan ’24NT$55.70
NT$61.00
+9.5%
11.5%NT$68.00NT$54.00NT$51.302
Dec ’23NT$57.80
NT$61.00
+5.5%
11.5%NT$68.00NT$54.00NT$49.452
Nov ’23NT$50.90
NT$65.00
+27.7%
16.9%NT$76.00NT$54.00NT$44.752

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

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