Emerging Display Technologies Corp.

TWSE:3038 Stock Report

Market Cap: NT$4.1b

Emerging Display Technologies Valuation

Is 3038 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-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 3038 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3038 (NT$27.65) is trading below our estimate of fair value (NT$41.17)

Significantly Below Fair Value: 3038 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3038?

Key metric: As 3038 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3038. This is calculated by dividing 3038's market cap by their current earnings.
What is 3038's PE Ratio?
PE Ratio12.1x
EarningsNT$340.60m
Market CapNT$4.11b

Price to Earnings Ratio vs Peers

How does 3038's PE Ratio compare to its peers?

The above table shows the PE ratio for 3038 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.8x
5489 DynaColor
46.7xn/aNT$3.8b
3577 ICP Das
37.4xn/aNT$3.8b
3356 GeoVision
8.1xn/aNT$4.2b
7721 Microprogram InformationLtd
18.8xn/aNT$3.6b
3038 Emerging Display Technologies
12.1x-26.9%NT$4.1b

Price-To-Earnings vs Peers: 3038 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (27.8x).

Price to Earnings Ratio vs Industry

How does 3038'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
3038 12.1xIndustry Avg. 23.5xNo. of Companies49PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3038 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the TW Electronic industry average (23.4x).

Price to Earnings Ratio vs Fair Ratio

What is 3038'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.

3038 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ratio6x

Price-To-Earnings vs Fair Ratio: 3038 is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (6x).

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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