SINBON Electronics Co., Ltd.

TWSE:3023 Stock Report

Market Cap: NT$56.3b

SINBON Electronics Valuation

Is 3023 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 Future Cash Flow Value

What is the Fair Price of 3023 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: 3023 (NT$239) is trading above our estimate of future cash flow value (NT$209.7)

Significantly Below Future Cash Flow Value: 3023 is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3023?

Key metric: As 3023 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3023. This is calculated by dividing 3023's market cap by their current earnings.
What is 3023's PE Ratio?
PE Ratio18.2x
EarningsNT$3.15b
Market CapNT$56.30b

Price to Earnings Ratio vs Peers

How does 3023's PE Ratio compare to its peers?

The above table shows the PE ratio for 3023 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.6x
6191 Global Brands Manufacture
18.6x26.02%NT$56.4b
2492 Walsin Technology
25.9xn/aNT$63.5b
8358 Co-Tech Development
71.1x75.80%NT$65.6b
5469 HannStar Board
14.9xn/aNT$50.1b
3023 SINBON Electronics
18.2x8.43%NT$56.3b

Price-To-Earnings vs Peers: 3023 is good value based on its Price-To-Earnings Ratio (18.2x) compared to the peer average (39.1x).

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 3023'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
3023 18.2xIndustry Avg. 23.7xNo. of Companies45PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3023 is good value based on its Price-To-Earnings Ratio (18.2x) compared to the TW Electronic industry average (23.7x).

Price to Earnings Ratio vs Fair Ratio

What is 3023'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.

3023 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.2x
Fair PE Ratio16.6x

Price-To-Earnings vs Fair Ratio: 3023 is expensive based on its Price-To-Earnings Ratio (18.2x) compared to the estimated Fair Price-To-Earnings Ratio (16.6x).

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 3023 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$239.00
NT$259.25
+8.47%
13.97%NT$336.00NT$200.00n/a8
Jan ’27NT$192.50
NT$258.50
+34.29%
13.88%NT$336.00NT$200.00n/a8
Dec ’26NT$220.00
NT$258.50
+17.50%
13.88%NT$336.00NT$200.00n/a8
Nov ’26NT$211.50
NT$271.13
+28.19%
14.03%NT$336.00NT$200.00n/a8
Oct ’26NT$225.50
NT$282.13
+25.11%
17.05%NT$360.00NT$200.00n/a8
Sep ’26NT$221.50
NT$289.00
+30.47%
13.46%NT$360.00NT$250.00n/a8
Aug ’26NT$243.50
NT$288.38
+18.43%
13.53%NT$360.00NT$250.00n/a8
Jul ’26NT$223.00
NT$296.11
+32.79%
13.78%NT$360.00NT$250.00n/a9
Jun ’26NT$232.50
NT$303.00
+30.32%
13.71%NT$360.00NT$250.00n/a9
May ’26NT$221.00
NT$308.22
+39.47%
14.11%NT$377.00NT$250.00n/a9
Apr ’26NT$254.50
NT$317.89
+24.91%
6.23%NT$350.00NT$290.00n/a9
Mar ’26NT$304.00
NT$312.22
+2.70%
6.36%NT$350.00NT$290.00n/a9
Feb ’26n/a
NT$310.56
0%
6.63%NT$350.00NT$290.00NT$233.509
Jan ’26NT$262.00
NT$310.56
+18.53%
6.63%NT$350.00NT$290.00NT$192.509
Dec ’25NT$255.50
NT$326.11
+27.64%
7.14%NT$360.00NT$290.00NT$220.009
Nov ’25NT$266.50
NT$338.56
+27.04%
9.00%NT$400.00NT$290.00NT$211.509
Oct ’25NT$295.50
NT$349.78
+18.37%
8.58%NT$400.00NT$306.00NT$225.509
Sep ’25NT$297.00
NT$352.88
+18.81%
9.22%NT$400.00NT$306.00NT$221.508
Aug ’25NT$323.00
NT$350.00
+8.36%
9.44%NT$400.00NT$306.00NT$243.508
Jul ’25NT$294.50
NT$346.33
+17.60%
9.48%NT$400.00NT$306.00NT$223.009
Jun ’25NT$294.00
NT$345.78
+17.61%
9.64%NT$400.00NT$306.00NT$232.509
May ’25NT$281.00
NT$345.78
+23.05%
9.64%NT$400.00NT$306.00NT$221.009
Apr ’25NT$283.00
NT$337.13
+19.13%
8.65%NT$395.00NT$306.00NT$254.508
Mar ’25NT$266.00
NT$340.38
+27.96%
8.59%NT$395.00NT$306.00NT$304.008
Feb ’25NT$259.00
NT$340.38
+31.42%
8.59%NT$395.00NT$306.00n/a8
NT$259.25
Fair Value
7.8% undervalued intrinsic discount
8
Number of Analysts

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 Analysis2026/02/05 13:35
End of Day Share Price 2026/02/05 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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 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 Github.

Analyst Sources

SINBON Electronics Co., Ltd. is covered by 14 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Meizhen WangCapital Securities Corporation
Carrie LiuCitigroup Inc
Shu-Yu LinCLSA Sinopac