Unimicron Technology Corp.

TWSE:3037 Stock Report

Market Cap: NT$214.9b

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$147) is trading below our estimate of fair value (NT$777.7)

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 Ratio28.2x
EarningsNT$7.93b
Market CapNT$214.86b

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 Average27.7x
3533 Lotes
28.3x20.3%NT$220.0b
2327 Yageo
13.5x10.5%NT$278.1b
2383 Elite Material
23.1x15.1%NT$213.3b
8069 E Ink Holdings
45.8x39.7%NT$312.6b
3037 Unimicron Technology
28.2x62.3%NT$214.9b

Price-To-Earnings vs Peers: 3037 is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the peer average (27.7x).

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 28.2xIndustry Avg. 23.4xNo. of Companies52PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3037 is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the TW Electronic industry average (23.4x).

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 Ratio28.2x
Fair PE Ratio57.7x

Price-To-Earnings vs Fair Ratio: 3037 is good value based on its Price-To-Earnings Ratio (28.2x) compared to the estimated Fair Price-To-Earnings Ratio (57.7x).

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$147.00
NT$212.80
+44.8%
18.7%NT$300.00NT$120.00n/a15
Dec ’25NT$149.00
NT$212.80
+42.8%
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$127.00NT$141.0013
Dec ’24NT$176.00
NT$203.50
+15.6%
14.7%NT$258.00NT$127.00NT$149.0014
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

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.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 09:00
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Unimicron Technology Corp. is covered by 34 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yingchao YangBarclays
Hsin-Shan GaiBarclays
Charles ChengBNP Paribas Securities (Asia)