Nidec Chaun-Choung Technology Corporation

TWSE:6230 Stock Report

Market Cap: NT$18.8b

Nidec Chaun-Choung Technology Valuation

Is 6230 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 6230 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6230 (NT$213.5) is trading above our estimate of fair value (NT$10.19)

Significantly Below Fair Value: 6230 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6230?

Key metric: As 6230 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 6230. This is calculated by dividing 6230's market cap by their current revenue.
What is 6230's PS Ratio?
PS Ratio2.3x
SalesNT$8.17b
Market CapNT$18.82b

Price to Sales Ratio vs Peers

How does 6230's PS Ratio compare to its peers?

The above table shows the PS ratio for 6230 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.4x
6269 Flexium Interconnect
0.8x3.8%NT$22.2b
2428 Thinking Electronic Industrial
2.8x11.5%NT$20.4b
3491 Universal Microwave Technology
9.1x33.8%NT$19.6b
2328 Pan-International Industrial
0.9xn/aNT$20.3b
6230 Nidec Chaun-Choung Technology
2.3x17.9%NT$18.8b

Price-To-Sales vs Peers: 6230 is good value based on its Price-To-Sales Ratio (2.3x) compared to the peer average (3.4x).

Price to Sales Ratio vs Industry

How does 6230's PS Ratio compare vs other companies in the TW Electronic Industry?

15 CompaniesPrice / SalesEstimated GrowthMarket Cap
3036 WT Microelectronics
0.1x15.3%US$3.90b
2347 Synnex Technology International
0.3x8.3%US$3.84b
3702 WPG Holdings
0.1x13.1%US$3.64b
8112 Supreme Electronics
0.1xn/aUS$1.04b
6230 2.3xIndustry Avg. 1.8xNo. of Companies43PS01.22.43.64.86+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 6230 is expensive based on its Price-To-Sales Ratio (2.3x) compared to the TW Electronic industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is 6230's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

6230 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.3x
Fair PS Ratio1.2x

Price-To-Sales vs Fair Ratio: 6230 is expensive based on its Price-To-Sales Ratio (2.3x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).

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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