Pegatron Corporation

TWSE:4938 Stock Report

Market Cap: NT$251.5b

Pegatron Valuation

Is 4938 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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$96.7) is trading above our estimate of fair value (NT$14.12)

Significantly Below Fair Value: 4938 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4938?

Key metric: As 4938 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4938. This is calculated by dividing 4938's market cap by their current earnings.
What is 4938's PE Ratio?
PE Ratio14.3x
EarningsNT$18.13b
Market CapNT$251.46b

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 Average26.6x
2395 Advantech
32.6x14.0%NT$282.3b
2301 Lite-On Technology
18.9x17.6%NT$233.5b
3017 Asia Vital Components
33.1x30.2%NT$248.4b
3231 Wistron
21.9x25.8%NT$339.4b
4938 Pegatron
14.2x2.9%NT$257.6b

Price-To-Earnings vs Peers: 4938 is good value based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (26.6x).

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
No more companies available in this PE range
4938 14.3xIndustry Avg. 21.4xNo. of Companies14PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4938 is good value based on its Price-To-Earnings Ratio (14.2x) compared to the TW Tech industry average (21.4x).

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 Ratio14.3x
Fair PE Ratio16.5x

Price-To-Earnings vs Fair Ratio: 4938 is good value based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (16.5x).

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 4938 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$96.70
NT$103.78
+7.3%
8.0%NT$120.00NT$92.00n/a13
Nov ’25NT$100.00
NT$104.78
+4.8%
10.4%NT$121.00NT$84.70n/a12
Oct ’25NT$104.50
NT$104.78
+0.3%
10.4%NT$121.00NT$84.70n/a12
Sep ’25NT$102.50
NT$106.28
+3.7%
11.6%NT$125.00NT$84.70n/a12
Aug ’25NT$104.50
NT$101.70
-2.7%
13.1%NT$125.00NT$84.70n/a11
Jul ’25NT$104.00
NT$100.52
-3.3%
13.3%NT$125.00NT$84.70n/a11
Jun ’25NT$106.00
NT$95.06
-10.3%
8.9%NT$110.00NT$84.00n/a11
May ’25NT$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$60.00NT$100.0011
Oct ’24NT$76.60
NT$71.50
-6.7%
10.4%NT$83.00NT$60.00NT$104.5010
Sep ’24NT$77.70
NT$72.09
-7.2%
10.2%NT$83.00NT$60.00NT$102.5011
Aug ’24NT$76.20
NT$67.64
-11.2%
11.9%NT$83.00NT$53.00NT$104.5011
Jul ’24NT$74.80
NT$66.18
-11.5%
9.8%NT$77.00NT$53.00NT$104.0011
Jun ’24NT$75.70
NT$65.09
-14.0%
8.4%NT$75.00NT$53.00NT$106.0011
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

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

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