Unimicron Technology Corp.

TWSE:3037 Stock Report

Market Cap: NT$245.3b

Unimicron Technology Valuation

Is 3037 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 3037 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3037 (NT$161) is trading below our estimate of fair value (NT$820.1)

Significantly Below Fair Value: 3037 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3037?

Key metric: As 3037 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3037. This is calculated by dividing 3037's market cap by their current earnings.
What is 3037's PE Ratio?
PE Ratio30.9x
EarningsNT$7.93b
Market CapNT$245.34b

Price to Earnings Ratio vs Peers

How does 3037's PE Ratio compare to its peers?

The above table shows the PE ratio for 3037 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26x
2327 Yageo
13.2x10.5%NT$270.4b
3533 Lotes
25.9x19.8%NT$197.5b
3008 LARGAN PrecisionLtd
14.3x3.0%NT$317.7b
8069 E Ink Holdings
50.7x39.7%NT$333.7b
3037 Unimicron Technology
30.9x62.5%NT$245.3b

Price-To-Earnings vs Peers: 3037 is expensive based on its Price-To-Earnings Ratio (30.9x) compared to the peer average (26x).

Price to Earnings Ratio vs Industry

How does 3037'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
3037 30.9xIndustry Avg. 22.5xNo. of Companies49PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3037 is expensive based on its Price-To-Earnings Ratio (30.9x) compared to the TW Electronic industry average (22.5x).

Price to Earnings Ratio vs Fair Ratio

What is 3037'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.

3037 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.9x
Fair PE Ratio58.7x

Price-To-Earnings vs Fair Ratio: 3037 is good value based on its Price-To-Earnings Ratio (30.9x) compared to the estimated Fair Price-To-Earnings Ratio (58.7x).

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 3037 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$161.00
NT$212.80
+32.2%
18.7%NT$300.00NT$120.00n/a15
Nov ’25NT$166.00
NT$215.80
+30.0%
18.8%NT$300.00NT$120.00n/a15
Oct ’25NT$144.50
NT$224.87
+55.6%
18.7%NT$300.00NT$120.00n/a15
Sep ’25NT$163.50
NT$225.87
+38.1%
18.5%NT$300.00NT$120.00n/a15
Aug ’25NT$183.00
NT$229.53
+25.4%
18.4%NT$300.00NT$120.00n/a15
Jul ’25NT$179.50
NT$225.77
+25.8%
18.7%NT$300.00NT$120.00n/a13
Jun ’25NT$182.50
NT$225.77
+23.7%
18.7%NT$300.00NT$120.00n/a13
May ’25NT$182.00
NT$225.77
+24.0%
18.7%NT$300.00NT$120.00n/a13
Apr ’25NT$193.00
NT$227.23
+17.7%
18.3%NT$300.00NT$120.00n/a13
Mar ’25NT$178.00
NT$225.08
+26.4%
18.3%NT$300.00NT$120.00n/a13
Feb ’25NT$177.50
NT$206.46
+16.3%
20.3%NT$300.00NT$120.00n/a13
Jan ’25NT$176.00
NT$205.00
+16.5%
16.7%NT$259.00NT$127.00n/a13
Dec ’24NT$176.00
NT$203.50
+15.6%
14.7%NT$258.00NT$127.00n/a14
Nov ’24NT$144.50
NT$220.20
+52.4%
27.9%NT$426.00NT$140.00NT$166.0015
Oct ’24NT$173.50
NT$230.69
+33.0%
25.3%NT$426.00NT$140.00NT$144.5016
Sep ’24NT$182.00
NT$230.12
+26.4%
25.1%NT$426.00NT$140.00NT$163.5017
Aug ’24NT$186.00
NT$228.06
+22.6%
25.3%NT$426.00NT$140.00NT$183.0017
Jul ’24NT$176.00
NT$192.87
+9.6%
35.8%NT$426.00NT$137.00NT$179.5015
Jun ’24NT$181.00
NT$189.20
+4.5%
37.8%NT$426.00NT$100.00NT$182.5015
May ’24NT$145.00
NT$179.27
+23.6%
40.3%NT$426.00NT$100.00NT$182.0015
Apr ’24NT$147.50
NT$196.60
+33.3%
50.6%NT$535.00NT$100.00NT$193.0015
Mar ’24NT$131.50
NT$196.33
+49.3%
50.5%NT$535.00NT$100.00NT$178.0015
Feb ’24NT$141.50
NT$219.50
+55.1%
45.0%NT$535.00NT$125.00NT$177.5016
Jan ’24NT$120.00
NT$226.69
+88.9%
43.4%NT$535.00NT$125.00NT$176.0016
Dec ’23NT$159.50
NT$240.35
+50.7%
39.6%NT$535.00NT$130.00NT$176.0017
Nov ’23NT$125.00
NT$234.65
+87.7%
39.5%NT$535.00NT$130.00NT$144.5017

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

LARGAN PrecisionLtd

NT$317.7b

Manufactures and sells precision optical plastic lenses in China, South Korea, Vietnam, Japan, and internationally.

3008

NT$2,380.00

7D

-1.7%

1Y

5.1%

Wiwynn

NT$395.8b

Manufactures and sells servers and storage products in cloud infrastructure and hyperscale data center in the United States, Europe, Asia, and internationally.

6669

NT$2,130.00

7D

-1.4%

1Y

21.7%

Innodisk

NT$21.5b

Researches, develops, manufactures, and sales industrial embedded storage devices in Taiwan, Asia, Japan, Germany, China, Europe, the United States, and internationally.

5289

NT$235.00

7D

1.1%

1Y

-23.7%