Sercomm Corporation

TWSE:5388 Stock Report

Market Cap: NT$36.9b

Sercomm Valuation

Is 5388 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 5388 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5388 (NT$124) is trading above our estimate of fair value (NT$93.79)

Significantly Below Fair Value: 5388 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5388?

Key metric: As 5388 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 5388. This is calculated by dividing 5388's market cap by their current earnings.
What is 5388's PE Ratio?
PE Ratio15x
EarningsNT$2.46b
Market CapNT$36.93b

Price to Earnings Ratio vs Peers

How does 5388's PE Ratio compare to its peers?

The above table shows the PE ratio for 5388 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37.7x
3596 Arcadyan Technology
15.4x7.1%NT$38.9b
6442 EZconn
67.4xn/aNT$43.9b
6285 Wistron NeWeb
20.2x18.7%NT$66.7b
3704 Zyxel Group
47.8x125.1%NT$16.6b
5388 Sercomm
15x8.9%NT$36.9b

Price-To-Earnings vs Peers: 5388 is good value based on its Price-To-Earnings Ratio (15x) compared to the peer average (37.7x).

Price to Earnings Ratio vs Industry

How does 5388's PE Ratio compare vs other companies in the TW Communications Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
5388 15.0xIndustry Avg. 31.0xNo. of Companies11PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 5388 is good value based on its Price-To-Earnings Ratio (15x) compared to the TW Communications industry average (31x).

Price to Earnings Ratio vs Fair Ratio

What is 5388'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.

5388 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15x
Fair PE Ratio15.7x

Price-To-Earnings vs Fair Ratio: 5388 is good value based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (15.7x).

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 5388 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$124.00
NT$132.20
+6.6%
2.9%NT$136.00NT$127.00n/a5
Dec ’25NT$109.00
NT$132.20
+21.3%
2.9%NT$136.00NT$127.00n/a5
Nov ’25NT$109.50
NT$141.50
+29.2%
4.4%NT$150.00NT$135.00n/a4
Oct ’25NT$110.50
NT$142.50
+29.0%
3.9%NT$150.00NT$135.00n/a4
Sep ’25NT$111.50
NT$138.75
+24.4%
8.2%NT$150.00NT$120.00n/a4
Aug ’25NT$114.00
NT$138.75
+21.7%
8.2%NT$150.00NT$120.00n/a4
Jul ’25NT$117.50
NT$151.40
+28.9%
10.1%NT$180.00NT$135.00n/a5
Jun ’25NT$118.00
NT$157.40
+33.4%
8.6%NT$180.00NT$142.00n/a5
May ’25NT$124.00
NT$164.60
+32.7%
6.7%NT$180.00NT$150.00n/a5
Apr ’25NT$137.50
NT$165.60
+20.4%
6.8%NT$180.00NT$150.00n/a5
Mar ’25NT$135.50
NT$157.60
+16.3%
7.4%NT$180.00NT$150.00n/a5
Feb ’25NT$127.50
NT$157.60
+23.6%
7.4%NT$180.00NT$150.00n/a5
Jan ’25NT$134.50
NT$154.40
+14.8%
9.7%NT$180.00NT$134.00n/a5
Dec ’24NT$125.50
NT$146.40
+16.7%
5.0%NT$155.00NT$134.00NT$109.005
Nov ’24NT$112.50
NT$146.40
+30.1%
5.0%NT$155.00NT$134.00NT$109.505
Oct ’24NT$123.00
NT$146.40
+19.0%
5.0%NT$155.00NT$134.00NT$110.505
Sep ’24NT$117.50
NT$131.40
+11.8%
15.3%NT$155.00NT$95.00NT$111.505
Aug ’24NT$116.00
NT$131.40
+13.3%
15.3%NT$155.00NT$95.00NT$114.005
Jul ’24NT$105.00
NT$100.00
-4.8%
6.0%NT$108.00NT$92.00NT$117.505
Jun ’24NT$95.70
NT$100.00
+4.5%
6.0%NT$108.00NT$92.00NT$118.005
May ’24NT$82.10
NT$99.00
+20.6%
7.5%NT$108.00NT$87.00NT$124.005
Apr ’24NT$94.80
NT$99.00
+4.4%
7.5%NT$108.00NT$87.00NT$137.505
Mar ’24NT$85.60
NT$92.40
+7.9%
3.5%NT$97.00NT$88.00NT$135.505
Feb ’24NT$81.90
NT$92.40
+12.8%
3.5%NT$97.00NT$88.00NT$127.505
Jan ’24NT$76.30
NT$94.00
+23.2%
4.7%NT$100.00NT$88.00NT$134.505
Dec ’23NT$83.90
NT$94.00
+12.0%
4.7%NT$100.00NT$88.00NT$125.505

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 16:35
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sercomm Corporation is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yiho LiuCapital Securities Corporation
James ChiuDeutsche Bank
Jianzhang SuE.Sun Securities Investment Consulting Co. Ltd.