Giantplus Technology Valuation

Is 8105 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-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 8105 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8105 (NT$16.1) is trading above our estimate of fair value (NT$1.66)

Significantly Below Fair Value: 8105 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8105?

Key metric: As 8105 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 8105. This is calculated by dividing 8105's market cap by their current revenue.
What is 8105's PS Ratio?
PS Ratio	0.8x
Sales	NT$8.54b
Market Cap	NT$7.11b

8105 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	0.6x
Enterprise Value/EBITDA	19.4x
PEG Ratio	26.2x

Price to Sales Ratio vs Peers

How does 8105's PS Ratio compare to its peers?

The above table shows the PS ratio for 8105 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.8x
5283 Heran	1.2x	n/a	NT$7.6b
3455 Utechzone	3.6x	n/a	NT$7.3b
2423 Good Will Instrument	2.1x	n/a	NT$6.3b
8076 Firich Enterprises	4.2x	n/a	NT$9.4b
8105 Giantplus Technology	0.8x	5.6%	NT$7.1b

Price-To-Sales vs Peers: 8105 is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (2.8x).

Price to Sales Ratio vs Industry

How does 8105's PS Ratio compare vs other companies in the TW Electronic Industry?

15 Companies	Price / Sales	Estimated Growth	Market Cap
2347 Synnex Technology International	0.3x	8.3%	US$3.86b
3036 WT Microelectronics	0.1x	15.3%	US$3.70b
3702 WPG Holdings	0.1x	13.1%	US$3.61b
8112 Supreme Electronics	0.1x	n/a	US$993.63m

15 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 8105 is good value based on its Price-To-Sales Ratio (0.8x) compared to the TW Electronic industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is 8105'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.

8105 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.8x
Fair PS Ratio	0.5x

Price-To-Sales vs Fair Ratio: 8105 is expensive based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

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.

Discover undervalued companies

Quanta Computer

NT$1.1t

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

2382

NT$288.00

-2.0%

41.9%

AUO

NT$118.5b

Researches, develops, produces, and sells thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays for various applications.

2409

NT$15.45

-1.6%

-5.5%

LARGAN PrecisionLtd

NT$326.3b

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

3008

NT$2,445.00

3.4%

2.3%