Promate Electronic Co.,Ltd.

TWSE:6189 Stock Report

Market Cap: NT$18.6b

Promate ElectronicLtd Valuation

Is 6189 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 6189 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6189 (NT$85.7) is trading below our estimate of fair value (NT$323.76)

Significantly Below Fair Value: 6189 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6189?

Key metric: As 6189 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6189. This is calculated by dividing 6189's market cap by their current earnings.
What is 6189's PE Ratio?
PE Ratio15.7x
EarningsNT$1.19b
Market CapNT$18.64b

Price to Earnings Ratio vs Peers

How does 6189's PE Ratio compare to its peers?

The above table shows the PE ratio for 6189 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.4x
3029 Zero One Technology
22.8xn/aNT$17.8b
3090 Nichidenbo
16.5x2.4%NT$13.9b
3033 Weikeng Industrial
13.3xn/aNT$14.7b
2480 Stark Technology
16.9xn/aNT$13.3b
6189 Promate ElectronicLtd
15.7xn/aNT$18.6b

Price-To-Earnings vs Peers: 6189 is good value based on its Price-To-Earnings Ratio (15.7x) compared to the peer average (17.4x).

Price to Earnings Ratio vs Industry

How does 6189'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
6189 15.7xIndustry Avg. 21.4xNo. of Companies51PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6189 is good value based on its Price-To-Earnings Ratio (15.7x) compared to the TW Electronic industry average (21.4x).

Price to Earnings Ratio vs Fair Ratio

What is 6189'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.

6189 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 6189'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.

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