Fositek Valuation

Is 6805 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 6805 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6805 (NT$842) is trading below our estimate of fair value (NT$951.31)

Significantly Below Fair Value: 6805 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 6805?

Key metric: As 6805 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6805. This is calculated by dividing 6805's market cap by their current earnings.
What is 6805's PE Ratio?
PE Ratio	58.3x
Earnings	NT$990.07m
Market Cap	NT$57.72b

6805 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/Revenue	7.3x
Enterprise Value/EBITDA	39.5x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

How does 6805's PE Ratio compare to its peers?

The above table shows the PE ratio for 6805 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	14.8x
3406 Genius Electronic OpticalLtd	10.7x	-4.7%	NT$49.6b
3023 SINBON Electronics	18.2x	9.7%	NT$61.9b
2313 Compeq Manufacturing	13.4x	18.4%	NT$73.3b
2368 Gold Circuit Electronics	16.8x	16.8%	NT$91.7b
6805 Fositek	58.3x	53.9%	NT$57.7b

Price-To-Earnings vs Peers: 6805 is expensive based on its Price-To-Earnings Ratio (58.3x) compared to the peer average (14.8x).

Price to Earnings Ratio vs Industry

How does 6805's PE Ratio compare vs other companies in the TW Electronic Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 6805 is expensive based on its Price-To-Earnings Ratio (58.3x) compared to the TW Electronic industry average (22.7x).

Price to Earnings Ratio vs Fair Ratio

What is 6805'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.

6805 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	58.3x
Fair PE Ratio	46.7x

Price-To-Earnings vs Fair Ratio: 6805 is expensive based on its Price-To-Earnings Ratio (58.3x) compared to the estimated Fair Price-To-Earnings Ratio (46.7x).

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 6805 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	NT$842.00	NT$1,135.98 +34.9%	5.5%	NT$1,221.34	NT$1,072.66	n/a	4
Nov ’25	NT$857.00	NT$1,093.15 +27.6%	6.0%	NT$1,158.75	NT$1,009.73	n/a	4
Oct ’25	NT$844.00	NT$1,006.11 +19.2%	5.8%	NT$1,078.24	NT$903.08	n/a	5
Sep ’25	NT$801.00	NT$998.42 +24.6%	5.9%	NT$1,072.35	NT$898.15	n/a	5
Aug ’25	NT$783.00	NT$1,046.90 +33.7%	4.1%	NT$1,100.87	NT$1,005.04	n/a	5
Jul ’25	NT$757.00	NT$1,058.12 +39.8%	3.8%	NT$1,098.98	NT$1,005.46	n/a	4
Jun ’25	NT$715.00	NT$1,054.80 +47.5%	2.9%	NT$1,086.94	NT$1,020.51	n/a	4
May ’25	NT$791.00	NT$1,112.49 +40.6%	3.1%	NT$1,171.42	NT$1,084.71	n/a	4
Apr ’25	NT$801.00	NT$1,077.67 +34.5%	2.9%	NT$1,131.44	NT$1,058.90	n/a	4
Mar ’25	NT$755.00	NT$922.40 +22.2%	2.4%	NT$944.85	NT$899.96	n/a	2
Feb ’25	NT$580.00	NT$631.50 +8.9%	31.1%	NT$828.10	NT$434.91	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Quanta Computer

NT$1.1t

Manufactures and sells notebook computers in Asia, the Americas, Europe, and internationally.

2382

NT$294.00

-6.5%

44.5%

Taiwan Union Technology

NT$42.2b

Engages in the manufacture and sale of copper foil substrates, adhesive sheets, and multi-layer laminated boards in Taiwan and internationally.

6274

NT$155.00

-1.9%

22.0%

LARGAN PrecisionLtd

NT$312.3b

Manufactures and sells precision optical plastic lenses in China, South Korea, Vietnam, Japan, and internationally.

3008

NT$2,365.00

2.2%

3.7%