Pegatron Corporation

TWSE:4938 Stock Report

Market Cap: NT$260.3b

Pegatron Valuation

Is 4938 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 4938 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4938 (NT$97.7) is trading below our estimate of fair value (NT$117.06)

Significantly Below Fair Value: 4938 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 4938?

Other financial metrics that can be useful for relative valuation.

4938 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/Revenue0.2x
Enterprise Value/EBITDA9.7x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does 4938's PE Ratio compare to its peers?

The above table shows the PE ratio for 4938 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.8x
2301 Lite-On Technology
15.8x8.6%NT$230.6b
2357 ASUSTeK Computer
20.1x22.4%NT$319.4b
3231 Wistron
28.4x31.4%NT$325.8b
2356 Inventec
31.1x24.5%NT$190.5b
4938 Pegatron
16.6x8.8%NT$260.3b

Price-To-Earnings vs Peers: 4938 is good value based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (23.8x).

Price to Earnings Ratio vs Industry

How does 4938's PE Ratio compare vs other companies in the TW Tech Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.2%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.2%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: 4938 is good value based on its Price-To-Earnings Ratio (16.6x) compared to the TW Tech industry average (23.7x).

Price to Earnings Ratio vs Fair Ratio

What is 4938'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.

4938 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.6x
Fair PE Ratio20.4x

Price-To-Earnings vs Fair Ratio: 4938 is good value based on its Price-To-Earnings Ratio (16.6x) compared to the estimated Fair Price-To-Earnings Ratio (20.4x).

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 4938 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$97.70
NT$88.81
-9.1%
12.1%NT$108.00NT$72.00n/a12
Apr ’25NT$97.50
NT$85.64
-12.2%
11.9%NT$103.00NT$70.00n/a12
Mar ’25NT$84.90
NT$76.00
-10.5%
13.2%NT$93.00NT$62.00n/a11
Feb ’25NT$84.10
NT$75.36
-10.4%
12.1%NT$86.00NT$62.00n/a11
Jan ’25NT$87.30
NT$75.36
-13.7%
12.1%NT$86.00NT$62.00n/a11
Dec ’24NT$81.30
NT$74.64
-8.2%
11.5%NT$86.00NT$62.00n/a11
Nov ’24NT$76.90
NT$73.36
-4.6%
10.9%NT$85.00NT$60.00n/a11
Oct ’24NT$76.60
NT$71.50
-6.7%
10.4%NT$83.00NT$60.00n/a10
Sep ’24NT$77.70
NT$72.09
-7.2%
10.2%NT$83.00NT$60.00n/a11
Aug ’24NT$76.20
NT$67.64
-11.2%
11.9%NT$83.00NT$53.00n/a11
Jul ’24NT$74.80
NT$66.18
-11.5%
9.8%NT$77.00NT$53.00n/a11
Jun ’24NT$75.70
NT$65.09
-14.0%
8.4%NT$75.00NT$53.00n/a11
May ’24NT$70.00
NT$64.45
-7.9%
6.0%NT$70.00NT$56.00NT$97.7011
Apr ’24NT$69.70
NT$64.25
-7.8%
6.0%NT$70.00NT$56.00NT$97.5012
Mar ’24NT$68.00
NT$62.17
-8.6%
6.0%NT$66.00NT$55.00NT$84.9012
Feb ’24NT$65.00
NT$61.92
-4.7%
6.1%NT$66.00NT$55.00NT$84.1012
Jan ’24NT$63.50
NT$61.92
-2.5%
6.1%NT$66.00NT$55.00NT$87.3012
Dec ’23NT$61.70
NT$62.08
+0.6%
6.4%NT$68.00NT$55.00NT$81.3012
Nov ’23NT$58.40
NT$64.33
+10.2%
6.8%NT$73.00NT$57.00NT$76.9012
Oct ’23NT$58.50
NT$66.37
+13.4%
6.0%NT$73.00NT$60.00NT$76.6012
Sep ’23NT$63.10
NT$67.20
+6.5%
5.4%NT$73.00NT$60.00NT$77.7012
Aug ’23NT$62.30
NT$68.70
+10.3%
7.2%NT$80.00NT$62.00NT$76.2012
Jul ’23NT$57.10
NT$69.20
+21.2%
6.9%NT$80.00NT$62.00NT$74.8012
Jun ’23NT$69.20
NT$69.20
0%
6.9%NT$80.00NT$62.00NT$75.7012
May ’23NT$70.30
NT$72.03
+2.5%
8.4%NT$86.00NT$62.00NT$70.0013

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

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