Hiwin Technologies Corp
TWSE:2049

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Hiwin Technologies Corp
TWSE:2049
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Price: 208 TWD 1.71% Market Closed
Market Cap: 73.6B TWD

Relative Value

The Relative Value of one Hiwin Technologies Corp stock under the Base Case scenario is 258.74 TWD. Compared to the current market price of 208 TWD, Hiwin Technologies Corp is Undervalued by 20%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
258.74 TWD
Undervaluation 20%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
74
vs Industry
19
Median 3Y
3.1
Median 5Y
3.4
Industry
1.5
Forward
2.7
vs History
53
vs Industry
13
Median 3Y
33.3
Median 5Y
38.4
Industry
19.8
Forward
27.9
vs History
33
vs Industry
22
Median 3Y
14.6
Median 5Y
15.2
Industry
14.2
vs History
26
vs Industry
10
Median 3Y
41
Median 5Y
38.8
Industry
20
vs History
93
vs Industry
30
Median 3Y
2.3
Median 5Y
2.5
Industry
1.7
vs History
74
vs Industry
18
Median 3Y
3.1
Median 5Y
3.4
Industry
1.6
Forward
2.8
vs History
61
vs Industry
19
Median 3Y
9.5
Median 5Y
11.1
Industry
5.9
vs History
47
vs Industry
20
Median 3Y
14.1
Median 5Y
17.2
Industry
11.9
Forward
12.8
vs History
39
vs Industry
10
Median 3Y
24.8
Median 5Y
33.5
Industry
15.5
Forward
23.2
vs History
36
vs Industry
21
Median 3Y
14.8
Median 5Y
15.8
Industry
14.3
vs History
11
vs Industry
4
Median 3Y
27.5
Median 5Y
26.5
Industry
17.7
vs History
92
vs Industry
26
Median 3Y
1.9
Median 5Y
2.1
Industry
1.3

Multiples Across Competitors

Competitors Multiples
Hiwin Technologies Corp Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
TW
Hiwin Technologies Corp
TWSE:2049
73.6B TWD 3 37.3 17.5 36.8
JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY 28 119.8 363 670.8 171 820.3 210 169.2
US
Parker-Hannifin Corp
NYSE:PH
83B USD 4.2 26.2 18 22.1
SE
Atlas Copco AB
STO:ATCO A
737.9B SEK 4.2 25.3 16.2 20.1
US
Illinois Tool Works Inc
NYSE:ITW
71.2B USD 4.5 21.1 17.5 19.2
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
9.3T JPY 1.9 35.8 17.8 26.1
US
Otis Worldwide Corp
NYSE:OTIS
38.4B USD 2.7 25 23 25.4
CH
Schindler Holding AG
SIX:SCHP
31.8B CHF 2.8 33.3 17.8 22.4
US
Ingersoll Rand Inc
NYSE:IR
32.2B USD 4.4 39.1 18.2 24.2
FI
Kone Oyj
OMXH:KNEBV
28B EUR 2.5 29.1 17.5 21.7
US
Xylem Inc
NYSE:XYL
30B USD 3.5 33.6 18.9 28.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TW
Hiwin Technologies Corp
TWSE:2049
Average EV/EBITDA: 15 636.6
17.5
21%
0.8
JP
I
Ishii Iron Works Co Ltd
TSE:6362
171 820.3
N/A N/A
US
Parker-Hannifin Corp
NYSE:PH
18
8%
2.3
SE
Atlas Copco AB
STO:ATCO A
16.2
6%
2.7
US
Illinois Tool Works Inc
NYSE:ITW
17.5
3%
5.8
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
17.8
19%
0.9
US
Otis Worldwide Corp
NYSE:OTIS
23
8%
2.9
CH
Schindler Holding AG
SIX:SCHP
17.8
8%
2.2
US
Ingersoll Rand Inc
NYSE:IR
18.2
10%
1.8
FI
K
Kone Oyj
OMXH:KNEBV
17.5
10%
1.8
US
Xylem Inc
NYSE:XYL
18.9
12%
1.6