Sayfa yüklenirken bir hata oluştu.
Teknik ekibimiz bilgilendirildi, ancak sorunun devam etmesi durumunda lütfen e-posta destek widget ile bize ulaşın.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Revenue Multiple | 1,7x - 1,9x | 1,8x |
| Selected Fwd Revenue Multiple | 1,4x - 1,6x | 1,5x |
| Fair Value | NT$ 19,21 - NT$ 20,40 | NT$ 19,81 |
| Upside | -4,4% - 1,5% | -1,5% |
| Benchmarks | Ticker | Full Ticker |
|---|---|---|
| Loop Telecommunication International, Inc. | 3025 | TWSE:3025 |
| Zyxel Group Corporation | 3704 | TWSE:3704 |
| Nokia Oyj | NOKB.F | OTCPK:NOKB.F |
| ZTE Corporation | 763 | SEHK:763 |
| Fiberhome Telecommunication Technologies Co., Ltd. | 600498 | SHSE:600498 |
| OPNET Technologies Co., Ltd. | 8034 | TPEX:8034 |
| Select LTM Revenue Multiple | ||||||||
| Benchmark Companies | ||||||||
| 3025 | 3704 | NOKB.F | 763 | 600498 | 8034 | |||
| TWSE:3025 | TWSE:3704 | OTCPK:NOKB.F | SEHK:763 | SHSE:600498 | TPEX:8034 | |||
| Historical Revenue Growth | ||||||||
| 5Y CAGR | 3.6% | 1.6% | -3.8% | 6.0% | 3.0% | 0.7% | ||
| 3Y CAGR | 8.0% | 0.4% | -4.7% | 1.9% | 2.7% | -6.9% | ||
| Latest Twelve Months | 2.2% | 2.5% | 1.1% | -1.6% | -11.7% | -43.8% | ||
| Historical EBIT Profit Margin | ||||||||
| 5 Year Average Margin | 16.4% | 4.4% | 9.5% | 6.9% | 1.9% | 11.7% | ||
| Prior Fiscal Year | 29.8% | 4.2% | 9.4% | 8.1% | 1.7% | 16.2% | ||
| Latest Fiscal Year | 29.5% | 1.7% | 11.3% | 8.2% | 3.6% | 14.4% | ||
| Latest Twelve Months | 27.2% | 2.6% | 8.1% | 6.9% | 3.7% | 14.7% | ||
| Current Trading Multiples | ||||||||
| EV / LTM Revenue | 4.12x | 0.41x | 0.83x | 1.06x | 1.15x | 1.61x | ||
| EV / LTM EBIT | 15.1x | 15.7x | 10.4x | 15.2x | 31.1x | 11.0x | ||
| Price / LTM Sales | 4.64x | 0.42x | 0.99x | 1.24x | 0.99x | 2.75x | ||
| Low | Mid | High | ||||||
| Benchmark EV / LTM Revenue | 0.41x | 1.06x | 4.12x | |||||
| Historical EV / LTM Revenue | 1.19x | 2.08x | 2.60x | |||||
| Selected EV / LTM Revenue | 1.73x | 1.82x | 1.91x | |||||
| (x) LTM Revenue | 389 | 389 | 389 | |||||
| (=) Implied Enterprise Value | 674 | 710 | 745 | |||||
| (-) Non-shareholder Claims * | 443 | 443 | 443 | |||||
| (=) Equity Value | 1,117 | 1,153 | 1,188 | |||||
| (/) Shares Outstanding | 56.2 | 56.2 | 56.2 | |||||
| Implied Value Range | 19.87 | 20.50 | 21.13 | |||||
| FX Rate: TWD/TWD | 1.0 | 1.0 | 1.0 | Market Price | ||||
| Implied Value Range (Trading Cur) | 19.87 | 20.50 | 21.13 | 20.10 | ||||
| Upside / (Downside) | -1.1% | 2.0% | 5.1% | |||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 3025 | 3704 | NOKB.F | 763 | 600498 | 8034 | |
| Enterprise Value | 2,477 | 10,897 | 16,042 | 153,854 | 31,866 | 687 | |
| (+) Cash & Short Term Investments | 362 | 3,829 | 5,552 | 59,470 | 3,880 | 463 | |
| (+) Investments & Other | 0 | 354 | 1,646 | 29,414 | 2,920 | 0 | |
| (-) Debt | (42) | (3,766) | (4,100) | (65,645) | (9,600) | (20) | |
| (-) Other Liabilities | 0 | (269) | (92) | (285) | (1,729) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 2,797 | 11,044 | 19,048 | 176,808 | 27,338 | 1,130 | |
| (/) Shares Outstanding | 56.7 | 404.5 | 5,419.1 | 7,866.7 | 1,184.5 | 56.2 | |
| Implied Stock Price | 49.30 | 27.30 | 3.51 | 22.48 | 23.08 | 20.10 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 0.86 | 0.92 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 49.30 | 27.30 | 4.09 | 24.56 | 23.08 | 20.10 | |
| Trading Currency | TWD | TWD | USD | HKD | CNY | TWD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 0.86 | 0.92 | 1.00 | 1.00 | |