TXC Corporation

TWSE:3042 Stock Report

Market Cap: NT$34.5b

TXC Valuation

Is 3042 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 3042 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3042 (NT$111.5) is trading below our estimate of fair value (NT$126.12)

Significantly Below Fair Value: 3042 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3042?

Other financial metrics that can be useful for relative valuation.

3042 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.1x
Enterprise Value/EBITDA11x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does 3042's PE Ratio compare to its peers?

The above table shows the PE ratio for 3042 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.3x
6191 Global Brands Manufacture
10.9xn/aNT$34.4b
5469 HannStar Board
10.6xn/aNT$28.5b
6271 Tong Hsing Electronic Industries
27.7x24.8%NT$31.7b
6278 Taiwan Surface Mounting Technology
11.9x9.9%NT$34.6b
3042 TXC
20.2x20.1%NT$34.5b

Price-To-Earnings vs Peers: 3042 is expensive based on its Price-To-Earnings Ratio (20.2x) compared to the peer average (15.3x).

Price to Earnings Ratio vs Industry

How does 3042's PE Ratio compare vs other companies in the TW Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.4%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.4%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: 3042 is good value based on its Price-To-Earnings Ratio (20.2x) compared to the TW Electronic industry average (24.5x).

Price to Earnings Ratio vs Fair Ratio

What is 3042'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.

3042 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.2x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: 3042 is good value based on its Price-To-Earnings Ratio (20.2x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).

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 3042 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$111.50
NT$103.25
-7.4%
11.9%NT$120.00NT$91.00n/a4
Apr ’25NT$110.50
NT$106.60
-3.5%
12.1%NT$120.00NT$91.00n/a5
Mar ’25NT$98.90
NT$106.60
+7.8%
12.1%NT$120.00NT$91.00n/a5
Feb ’25NT$95.30
NT$103.00
+8.1%
10.7%NT$120.00NT$91.00n/a5
Jan ’25NT$98.60
NT$103.00
+4.5%
10.7%NT$120.00NT$91.00n/a5
Dec ’24NT$101.50
NT$103.00
+1.5%
10.7%NT$120.00NT$91.00n/a5
Nov ’24NT$96.00
NT$97.60
+1.7%
12.8%NT$120.00NT$85.00n/a5
Oct ’24NT$96.80
NT$97.60
+0.8%
12.8%NT$120.00NT$85.00n/a5
Sep ’24NT$94.40
NT$96.67
+2.4%
12.0%NT$120.00NT$85.00n/a6
Aug ’24NT$90.00
NT$90.83
+0.9%
4.7%NT$96.00NT$82.00n/a6
Jul ’24NT$93.80
NT$90.83
-3.2%
4.7%NT$96.00NT$82.00n/a6
Jun ’24NT$90.70
NT$86.80
-4.3%
7.7%NT$93.00NT$76.00n/a5
May ’24NT$85.20
NT$86.80
+1.9%
7.7%NT$93.00NT$76.00NT$112.505
Apr ’24NT$89.00
NT$86.80
-2.5%
7.7%NT$93.00NT$76.00NT$110.505
Mar ’24NT$87.10
NT$87.00
-0.1%
8.7%NT$95.00NT$76.00NT$98.905
Feb ’24NT$88.70
NT$93.50
+5.4%
14.0%NT$115.00NT$76.00NT$95.306
Jan ’24NT$82.70
NT$94.50
+14.3%
12.6%NT$115.00NT$80.00NT$98.606
Dec ’23NT$85.40
NT$96.83
+13.4%
13.1%NT$115.00NT$80.00NT$101.506
Nov ’23NT$76.90
NT$96.83
+25.9%
13.1%NT$115.00NT$80.00NT$96.006
Oct ’23NT$71.90
NT$106.29
+47.8%
9.1%NT$125.00NT$95.00NT$96.807
Sep ’23NT$85.70
NT$106.29
+24.0%
9.1%NT$125.00NT$95.00NT$94.407
Aug ’23NT$87.60
NT$110.71
+26.4%
10.6%NT$133.00NT$98.00NT$90.007
Jul ’23NT$87.60
NT$116.00
+32.4%
12.6%NT$140.00NT$98.00NT$93.807
Jun ’23NT$98.10
NT$117.71
+20.0%
13.1%NT$140.00NT$98.00NT$90.707
May ’23NT$91.00
NT$118.86
+30.6%
11.9%NT$140.00NT$100.00NT$85.207

Analyst Forecast: Target price is lower than the current share price.

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