AzureWave Technologies Valuation

Is 3694 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 3694 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3694 (NT$43.65) is trading below our estimate of fair value (NT$64.9)

Significantly Below Fair Value: 3694 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3694?

Key metric: As 3694 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3694. This is calculated by dividing 3694's market cap by their current earnings.
What is 3694's PE Ratio?
PE Ratio	17.5x
Earnings	NT$381.13m
Market Cap	NT$6.71b

3694 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/Revenue	0.6x
Enterprise Value/EBITDA	8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 3694's PE Ratio compare to its peers?

The above table shows the PE ratio for 3694 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	37.6x
3338 TaiSol Electronics	25.5x	63.6%	NT$6.3b
8121 Acme Electronics	37.3x	n/a	NT$6.5b
3624 Viking Tech	25.8x	n/a	NT$5.5b
3605 ACES Electronics	61.7x	n/a	NT$6.7b
3694 AzureWave Technologies	17.5x	n/a	NT$6.7b

Price-To-Earnings vs Peers: 3694 is good value based on its Price-To-Earnings Ratio (17.5x) compared to the peer average (37.6x).

Price to Earnings Ratio vs Industry

How does 3694's PE Ratio compare vs other companies in the TW Electronic Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 3694 is good value based on its Price-To-Earnings Ratio (17.5x) compared to the TW Electronic industry average (22.7x).

Price to Earnings Ratio vs Fair Ratio

What is 3694'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.

3694 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 3694's Price-To-Earnings 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.

Discover undervalued companies

Quanta Computer

NT$1.1t

Manufactures and sells notebook computers in Asia, the Americas, Europe, and internationally.

2382

NT$294.00

-6.5%

44.5%

LARGAN PrecisionLtd

NT$315.7b

Manufactures and sells precision optical plastic lenses in China, South Korea, Vietnam, Japan, and internationally.

3008

NT$2,365.00

2.2%

3.7%

Yageo

NT$268.9b

Engages in the manufacture and sale of passive components in China, Europe, the United States, and rest of Asia.

2327

NT$534.00

17.1%