Chenbro Micom Co., Ltd.

TWSE:8210 Stock Report

Market Cap: NT$35.9b

Chenbro Micom Valuation

Is 8210 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 8210 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8210 (NT$297) is trading above our estimate of fair value (NT$131.46)

Significantly Below Fair Value: 8210 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8210?

Key metric: As 8210 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8210. This is calculated by dividing 8210's market cap by their current earnings.
What is 8210's PE Ratio?
PE Ratio17.8x
EarningsNT$2.02b
Market CapNT$35.93b

Price to Earnings Ratio vs Peers

How does 8210's PE Ratio compare to its peers?

The above table shows the PE ratio for 8210 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.8x
3013 Chenming Electronic Tech
62.1x105.0%NT$31.2b
6414 Ennoconn
19.1x22.5%NT$42.6b
2312 Kinpo Electronics
34.1xn/aNT$43.1b
3515 ASROCK Incorporation
23.8x20.8%NT$28.6b
8210 Chenbro Micom
17.8x12.3%NT$35.9b

Price-To-Earnings vs Peers: 8210 is good value based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (34.8x).

Price to Earnings Ratio vs Industry

How does 8210's PE Ratio compare vs other companies in the TW Tech Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
8210 17.8xIndustry Avg. 21.0xNo. of Companies13PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8210 is good value based on its Price-To-Earnings Ratio (17.8x) compared to the TW Tech industry average (21x).

Price to Earnings Ratio vs Fair Ratio

What is 8210'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.

8210 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.8x
Fair PE Ratio18.7x

Price-To-Earnings vs Fair Ratio: 8210 is good value based on its Price-To-Earnings Ratio (17.8x) compared to the estimated Fair Price-To-Earnings Ratio (18.7x).

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 8210 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$297.00
NT$352.67
+18.7%
7.7%NT$400.00NT$310.00n/a6
Nov ’25NT$287.00
NT$333.50
+16.2%
4.6%NT$356.00NT$310.00n/a6
Oct ’25NT$264.00
NT$337.50
+27.8%
6.6%NT$380.00NT$310.00n/a6
Sep ’25NT$292.50
NT$337.50
+15.4%
6.6%NT$380.00NT$310.00n/a6
Aug ’25NT$287.00
NT$328.00
+14.3%
3.6%NT$340.00NT$310.00n/a5
Jul ’25NT$299.00
NT$328.00
+9.7%
3.6%NT$340.00NT$310.00n/a5
Jun ’25NT$305.00
NT$328.00
+7.5%
3.6%NT$340.00NT$310.00n/a5
May ’25NT$288.00
NT$303.40
+5.3%
10.9%NT$340.00NT$262.00n/a5
Apr ’25NT$255.00
NT$286.00
+12.2%
8.2%NT$317.00NT$262.00n/a4
Mar ’25NT$269.50
NT$308.00
+14.3%
13.6%NT$377.00NT$265.00n/a4
Feb ’25NT$277.00
NT$308.00
+11.2%
13.6%NT$377.00NT$265.00n/a4
Jan ’25NT$271.50
NT$272.50
+0.4%
5.9%NT$300.00NT$260.00n/a4
Dec ’24NT$277.00
NT$272.50
-1.6%
5.9%NT$300.00NT$260.00n/a4
Nov ’24NT$184.00
NT$207.28
+12.6%
36.1%NT$280.00NT$84.10NT$287.004
Oct ’24NT$217.50
NT$207.28
-4.7%
36.1%NT$280.00NT$84.10NT$264.004
Sep ’24NT$216.50
NT$207.28
-4.3%
36.1%NT$280.00NT$84.10NT$292.504
Aug ’24NT$195.50
NT$216.53
+10.8%
36.7%NT$280.00NT$84.10NT$287.004
Jul ’24NT$168.00
NT$142.28
-15.3%
34.3%NT$200.00NT$84.10NT$299.004
Jun ’24NT$116.50
NT$108.03
-7.3%
19.3%NT$135.00NT$84.10NT$305.003
Mar ’24NT$90.80
NT$95.00
+4.6%
3.2%NT$98.00NT$92.00NT$269.502
Feb ’24NT$88.20
NT$95.00
+7.7%
3.2%NT$98.00NT$92.00NT$277.002

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

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