Lotes Co., Ltd

TWSE:3533 Stock Report

Market Cap: NT$193.0b

Lotes Valuation

Is 3533 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 3533 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3533 (NT$1690) is trading below our estimate of fair value (NT$2790.54)

Significantly Below Fair Value: 3533 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3533?

Key metric: As 3533 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3533. This is calculated by dividing 3533's market cap by their current earnings.
What is 3533's PE Ratio?
PE Ratio24.9x
EarningsNT$7.63b
Market CapNT$193.00b

Price to Earnings Ratio vs Peers

How does 3533's PE Ratio compare to its peers?

The above table shows the PE ratio for 3533 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.4x
2383 Elite Material
18.3x12.7%NT$154.5b
3037 Unimicron Technology
30.8x62.5%NT$240.0b
3008 LARGAN PrecisionLtd
14.2x3.0%NT$312.3b
8069 E Ink Holdings
50.1x39.7%NT$329.7b
3533 Lotes
24.9x20.2%NT$193.0b

Price-To-Earnings vs Peers: 3533 is good value based on its Price-To-Earnings Ratio (24.9x) compared to the peer average (28.4x).

Price to Earnings Ratio vs Industry

How does 3533'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
3533 24.9xIndustry Avg. 22.7xNo. of Companies52PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3533 is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the TW Electronic industry average (22.7x).

Price to Earnings Ratio vs Fair Ratio

What is 3533'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.

3533 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.9x
Fair PE Ratio25.5x

Price-To-Earnings vs Fair Ratio: 3533 is good value based on its Price-To-Earnings Ratio (24.9x) compared to the estimated Fair Price-To-Earnings Ratio (25.5x).

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 3533 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$1,690.00
NT$1,966.67
+16.4%
8.3%NT$2,180.00NT$1,660.00n/a12
Nov ’25NT$1,670.00
NT$1,827.25
+9.4%
8.6%NT$2,000.00NT$1,420.00n/a12
Oct ’25NT$1,435.00
NT$1,805.58
+25.8%
8.1%NT$2,000.00NT$1,420.00n/a12
Sep ’25NT$1,530.00
NT$1,875.58
+22.6%
6.0%NT$2,040.00NT$1,660.00n/a12
Aug ’25NT$1,485.00
NT$1,876.83
+26.4%
5.3%NT$2,040.00NT$1,737.00n/a12
Jul ’25NT$1,565.00
NT$1,863.50
+19.1%
5.6%NT$2,040.00NT$1,737.00n/a12
Jun ’25NT$1,605.00
NT$1,817.67
+13.3%
6.2%NT$2,040.00NT$1,660.00n/a12
May ’25NT$1,440.00
NT$1,593.58
+10.7%
16.1%NT$2,000.00NT$1,000.00n/a12
Apr ’25NT$1,415.00
NT$1,489.42
+5.3%
14.8%NT$2,000.00NT$1,000.00n/a12
Mar ’25NT$1,125.00
NT$1,107.55
-1.6%
8.1%NT$1,260.00NT$1,000.00n/a11
Feb ’25NT$986.00
NT$1,107.55
+12.3%
8.1%NT$1,260.00NT$1,000.00n/a11
Jan ’25NT$1,070.00
NT$1,080.64
+1.0%
8.5%NT$1,260.00NT$940.00n/a11
Dec ’24NT$927.00
NT$1,023.09
+10.4%
14.1%NT$1,200.00NT$626.94n/a11
Nov ’24NT$861.00
NT$950.18
+10.4%
15.1%NT$1,125.00NT$626.94NT$1,670.0011
Oct ’24NT$823.00
NT$950.18
+15.5%
15.1%NT$1,125.00NT$626.94NT$1,435.0011
Sep ’24NT$867.00
NT$948.49
+9.4%
14.7%NT$1,125.00NT$626.94NT$1,530.0012
Aug ’24NT$730.00
NT$1,009.33
+38.3%
15.9%NT$1,220.00NT$626.94NT$1,485.0012
Jul ’24NT$860.00
NT$1,053.91
+22.5%
13.3%NT$1,220.00NT$626.94NT$1,565.0012
Jun ’24NT$875.00
NT$1,053.91
+20.4%
13.3%NT$1,220.00NT$626.94NT$1,605.0012
May ’24NT$878.00
NT$1,046.33
+19.2%
13.5%NT$1,220.00NT$626.94NT$1,440.0012
Apr ’24NT$918.00
NT$1,035.49
+12.8%
13.4%NT$1,220.00NT$626.94NT$1,415.0012
Mar ’24NT$857.00
NT$992.75
+15.8%
12.6%NT$1,120.00NT$630.00NT$1,125.0012
Feb ’24NT$789.00
NT$992.75
+25.8%
12.6%NT$1,120.00NT$630.00NT$986.0012
Jan ’24NT$826.00
NT$1,008.58
+22.1%
6.7%NT$1,120.00NT$880.00NT$1,070.0012
Dec ’23NT$887.00
NT$996.92
+12.4%
7.2%NT$1,120.00NT$880.00NT$927.0012
Nov ’23NT$782.00
NT$958.17
+22.5%
7.4%NT$1,110.00NT$820.00NT$861.0012

Analyst Forecast: Target price is less than 20% higher than the current share price.

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