Flat Glass Group Co., Ltd.

OTCPK:FGSG.F Stock Report

Market Cap: US$5.6b

Flat Glass Group Valuation

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

Discounted Cash Flow
Simply Wall St
US$4.76
Fair Value
69.3% undervalued intrinsic discount
15
Number of Analysts

Below Fair Value: FGSG.F ($1.46) is trading below our estimate of fair value ($4.76)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FGSG.F?

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

The above table shows the Price to Earnings ratio for FGSG.F. This is calculated by dividing FGSG.F's market cap by their current earnings.
What is FGSG.F's PE Ratio?
PE Ratio12.8x
EarningsCN¥2.09b
Market CapCN¥41.36b

Price to Earnings Ratio vs Peers

How does FGSG.F's PE Ratio compare to its peers?

The above table shows the PE ratio for FGSG.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average65x
NVMI Nova
37.2x15.4%US$6.3b
ONTO Onto Innovation
51.8x30.4%US$9.6b
AMKR Amkor Technology
17.5x27.1%US$6.6b
ENPH Enphase Energy
153.2x37.7%US$9.9b
FGSG.F Flat Glass Group
12.8x33.4%US$43.9b

Price-To-Earnings vs Peers: FGSG.F is good value based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (65x).

Price to Earnings Ratio vs Industry

How does FGSG.F's PE Ratio compare vs other companies in the US Semiconductor Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SQNS Sequans Communications
2x-156.5%US$89.72m
MMAT.Q Meta Materials
n/an/aUS$6.00
No more companies available in this PE range
FGSG.F 12.8xIndustry Avg. 31.0xNo. of Companies10PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FGSG.F is good value based on its Price-To-Earnings Ratio (12.8x) compared to the US Semiconductor industry average (31x).

Price to Earnings Ratio vs Fair Ratio

What is FGSG.F'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.

FGSG.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FGSG.F'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?

The above table shows the analyst FGSG.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.46
US$2.05
+40.6%
26.7%US$3.51US$1.39n/a15
Jan ’26n/a
US$2.07
0%
26.6%US$3.52US$1.40n/a15
Dec ’25n/a
US$2.13
0%
27.6%US$3.55US$1.41n/a16
Nov ’25n/a
US$2.24
0%
28.4%US$3.61US$1.43n/a17
Oct ’25n/a
US$2.12
0%
32.1%US$3.66US$1.52n/a17
Sep ’25n/a
US$2.21
0%
30.3%US$3.62US$1.54n/a18
Aug ’25n/a
US$2.59
0%
26.2%US$3.56US$1.53n/a18
Jul ’25n/a
US$2.92
0%
17.8%US$3.56US$1.54n/a17
Jun ’25n/a
US$3.01
0%
13.9%US$3.58US$2.16n/a17
May ’25n/a
US$3.04
0%
13.2%US$3.57US$2.16n/a16
Apr ’25n/a
US$2.92
0%
16.0%US$3.58US$1.97n/a16
Mar ’25n/a
US$2.54
0%
15.5%US$3.22US$1.88n/a15
Feb ’25n/a
US$2.57
0%
19.9%US$3.58US$1.82n/a15
Jan ’25n/a
US$2.87
0%
20.7%US$3.98US$1.91n/a16
Dec ’24n/a
US$2.97
0%
18.6%US$3.94US$1.89n/a16
Nov ’24n/a
US$3.02
0%
16.3%US$3.85US$2.18n/a16
Oct ’24n/a
US$3.33
0%
16.6%US$4.45US$2.19n/a17
Sep ’24n/a
US$3.45
0%
16.5%US$4.48US$2.20n/a17
Aug ’24n/a
US$3.57
0%
15.7%US$4.48US$2.12n/a16
Jul ’24n/a
US$3.43
0%
14.4%US$4.18US$2.09n/a16
Jun ’24n/a
US$3.40
0%
13.3%US$4.27US$2.14n/a16
May ’24n/a
US$3.47
0%
13.2%US$4.38US$2.19n/a16
Apr ’24n/a
US$3.47
0%
15.7%US$4.40US$1.81n/a16
Mar ’24n/a
US$3.40
0%
20.8%US$5.31US$1.89n/a17
Feb ’24n/a
US$3.67
0%
24.6%US$6.10US$1.94n/a18
Jan ’24n/a
US$3.70
0%
26.1%US$5.92US$2.38n/a17
Analyst Price Target
Consensus Narrative from 15 Analysts
US$1.92
Fair Value
23.8% undervalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/09 14:30
End of Day Share Price 2025/01/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Flat Glass Group Co., Ltd. is covered by 29 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yunqing FeiBOCI Research Ltd.
Edward LeungBofA Global Research
Jun LiuChina International Capital Corporation Limited