Primax Electronics Ltd.

TWSE:4915 Stock Report

Market Cap: NT$37.3b

Primax Electronics Valuation

Is 4915 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 4915 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4915 (NT$79.2) is trading below our estimate of fair value (NT$106.84)

Significantly Below Fair Value: 4915 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4915?

Key metric: As 4915 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4915. This is calculated by dividing 4915's market cap by their current earnings.
What is 4915's PE Ratio?
PE Ratio14.3x
EarningsNT$2.58b
Market CapNT$37.28b

Price to Earnings Ratio vs Peers

How does 4915's PE Ratio compare to its peers?

The above table shows the PE ratio for 4915 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.8x
3701 FIC Global
20.5xn/aNT$9.8b
2354 Foxconn Technology
30.6xn/aNT$119.5b
6266 Top Union Electronics
15.7xn/aNT$4.8b
8183 Info-Tek
12.5xn/aNT$4.9b
4915 Primax Electronics
14.3x12.3%NT$37.3b

Price-To-Earnings vs Peers: 4915 is good value based on its Price-To-Earnings Ratio (14.3x) compared to the peer average (19.8x).

Price to Earnings Ratio vs Industry

How does 4915'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
4915 14.3xIndustry Avg. 22.7xNo. of Companies52PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4915 is good value based on its Price-To-Earnings Ratio (14.3x) compared to the TW Electronic industry average (22.7x).

Price to Earnings Ratio vs Fair Ratio

What is 4915'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.

4915 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.3x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: 4915 is good value based on its Price-To-Earnings Ratio (14.3x) compared to the estimated Fair Price-To-Earnings Ratio (17x).

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 4915 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$79.20
NT$95.16
+20.1%
8.8%NT$110.00NT$85.00n/a7
Nov ’25NT$81.10
NT$100.01
+23.3%
11.1%NT$120.00NT$85.00n/a7
Oct ’25NT$98.40
NT$103.44
+5.1%
10.1%NT$120.00NT$85.00n/a7
Sep ’25NT$89.70
NT$103.44
+15.3%
10.1%NT$120.00NT$85.00n/a7
Aug ’25NT$90.10
NT$103.44
+14.8%
10.1%NT$120.00NT$85.00n/a7
Jul ’25NT$92.30
NT$106.07
+14.9%
10.9%NT$124.00NT$90.50n/a7
Jun ’25NT$101.00
NT$102.64
+1.6%
8.8%NT$120.00NT$90.50n/a7
May ’25NT$97.00
NT$102.64
+5.8%
8.8%NT$120.00NT$90.50n/a7
Apr ’25NT$82.70
NT$78.08
-5.6%
6.6%NT$84.00NT$70.00n/a7
Mar ’25NT$73.10
NT$78.08
+6.8%
6.6%NT$84.00NT$70.00n/a7
Feb ’25NT$66.50
NT$70.09
+5.4%
6.3%NT$76.00NT$64.00n/a6
Jan ’25NT$67.70
NT$70.42
+4.0%
6.3%NT$76.00NT$64.00n/a6
Dec ’24NT$65.20
NT$70.42
+8.0%
6.3%NT$76.00NT$64.00n/a6
Nov ’24NT$62.40
NT$70.51
+13.0%
5.8%NT$76.00NT$64.00NT$81.107
Oct ’24NT$69.20
NT$71.76
+3.7%
7.3%NT$80.00NT$64.00NT$98.407
Sep ’24NT$65.90
NT$71.76
+8.9%
7.3%NT$80.00NT$64.00NT$89.707
Aug ’24NT$65.90
NT$71.76
+8.9%
7.3%NT$80.00NT$64.00NT$90.107
Jul ’24NT$65.80
NT$69.55
+5.7%
4.8%NT$73.00NT$64.00NT$92.307
Jun ’24NT$64.70
NT$69.60
+7.6%
4.9%NT$73.00NT$64.00NT$101.007
May ’24NT$60.00
NT$65.91
+9.9%
11.3%NT$75.00NT$50.00NT$97.007
Apr ’24NT$60.40
NT$65.91
+9.1%
11.3%NT$75.00NT$50.00NT$82.707
Mar ’24NT$61.00
NT$65.34
+7.1%
11.1%NT$75.00NT$50.00NT$73.107
Feb ’24NT$58.50
NT$66.34
+13.4%
12.9%NT$81.00NT$50.00NT$66.507
Jan ’24NT$55.50
NT$66.77
+20.3%
13.2%NT$81.00NT$50.00NT$67.707
Dec ’23NT$58.00
NT$66.77
+15.1%
13.2%NT$81.00NT$50.00NT$65.207
Nov ’23NT$53.20
NT$66.77
+25.5%
13.2%NT$81.00NT$50.00NT$62.407

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Quanta Computer

NT$1.1t

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

2382

NT$294.00

7D

-6.5%

1Y

44.5%

Taiwan Union Technology

NT$42.2b

Engages in the manufacture and sale of copper foil substrates, adhesive sheets, and multi-layer laminated boards in Taiwan and internationally.

6274

NT$155.00

7D

-1.9%

1Y

22.0%

LARGAN PrecisionLtd

NT$312.3b

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

3008

NT$2,365.00

7D

2.2%

1Y

3.7%