Favite, Inc.

TWSE:3535 Stock Report

Market Cap: NT$4.2b

Favite Valuation

Is 3535 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 3535 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3535 (NT$52.5) is trading below our estimate of fair value (NT$84.58)

Significantly Below Fair Value: 3535 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3535?

Key metric: As 3535 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3535. This is calculated by dividing 3535's market cap by their current revenue.
What is 3535's PS Ratio?
PS Ratio6.6x
SalesNT$628.46m
Market CapNT$4.15b

Price to Sales Ratio vs Peers

How does 3535's PS Ratio compare to its peers?

The above table shows the PS ratio for 3535 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.7x
6215 Aurotek
3.7xn/aNT$5.0b
3518 Paragon Technologies
7.5xn/aNT$2.7b
3669 AVer Information
1.5xn/aNT$3.9b
8499 Top Bright Holding
2xn/aNT$3.9b
3535 Favite
6.6xn/aNT$4.2b

Price-To-Sales vs Peers: 3535 is expensive based on its Price-To-Sales Ratio (6.6x) compared to the peer average (3.7x).

Price to Sales Ratio vs Industry

How does 3535's PS Ratio compare vs other companies in the TW Electronic Industry?

15 CompaniesPrice / SalesEstimated GrowthMarket Cap
3036 WT Microelectronics
0.1x15.3%US$3.92b
2347 Synnex Technology International
0.3x8.3%US$3.88b
3702 WPG Holdings
0.1x13.1%US$3.64b
8112 Supreme Electronics
0.1xn/aUS$1.03b
3535 6.6xIndustry Avg. 1.8xNo. of Companies43PS01.22.43.64.86+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 3535 is expensive based on its Price-To-Sales Ratio (6.6x) compared to the TW Electronic industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is 3535's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3535 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 3535's Price-To-Sales Fair Ratio for valuation analysis.

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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