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Taiwan Mask Corp
TWSE:2338

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Taiwan Mask Corp
TWSE:2338
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Price: 47.7 TWD 1.49%
Market Cap: NT$15.1B

P/B

3.5
Current
10%
Cheaper
vs 3-y average of 3.9

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.5
=
Market Cap
NT$14.7B
/
Total Equity
NT$4.3B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.5
=
Market Cap
NT$14.7B
/
Total Equity
NT$4.3B

Valuation Scenarios

Taiwan Mask Corp is trading below its 3-year average

If P/B returns to its 3-Year Average (3.9), the stock would be worth NT$53.08 (11% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-51%
Maximum Upside
+31%
Average Downside
8%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 3.5 NT$47.7
0%
3-Year Average 3.9 NT$53.08
+11%
5-Year Average 4.6 NT$62.37
+31%
Industry Average 2.7 NT$36.68
-23%
Country Average 1.7 NT$23.31
-51%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
TW
Taiwan Mask Corp
TWSE:2338
15.1B TWD 3.5 -12.9
NL
ASML Holding NV
AEX:ASML
451.6B EUR 18.7 44.2
US
Lam Research Corp
NASDAQ:LRCX
314.2B USD 29.7 46.8
US
Applied Materials Inc
NASDAQ:AMAT
302.5B USD 13.9 38.6
US
KLA Corp
NASDAQ:KLAC
237.2B USD 43.4 52
US
Brooks Automation Inc
LSE:0HQ1
224.7B USD 131.1 -3 884.7
JP
Advantest Corp
TSE:6857
21.6T JPY 32 74.9
JP
Tokyo Electron Ltd
TSE:8035
20.7T JPY 10.3 41.1
US
Teradyne Inc
NASDAQ:TER
59.3B USD 21.2 107
CN
NAURA Technology Group Co Ltd
SZSE:002371
374.1B CNY 9.8 66.7
JP
Disco Corp
TSE:6146
8.3T JPY 14.1 61.2
P/E Multiple
Earnings Growth PEG
TW
Taiwan Mask Corp
TWSE:2338
Average P/E: 59.2
Negative Multiple: -12.9
N/A N/A
NL
ASML Holding NV
AEX:ASML
44.2
20%
2.2
US
Lam Research Corp
NASDAQ:LRCX
46.8
24%
2
US
Applied Materials Inc
NASDAQ:AMAT
38.6
20%
1.9
US
KLA Corp
NASDAQ:KLAC
52
22%
2.4
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -3 884.7 N/A N/A
JP
Advantest Corp
TSE:6857
74.9
50%
1.5
JP
Tokyo Electron Ltd
TSE:8035
41.1
13%
3.2
US
Teradyne Inc
NASDAQ:TER
107
44%
2.4
CN
NAURA Technology Group Co Ltd
SZSE:002371
66.7
N/A N/A
JP
Disco Corp
TSE:6146
61.2
N/A N/A

Market Distribution

Higher than 83% of companies in Taiwan
Percentile
83nd
Based on 866 companies
83nd percentile
3.5
Low
0.4 — 1.3
Typical Range
1.3 — 2.5
High
2.5 —
Distribution Statistics
Taiwan
Min 0.4
30th Percentile 1.3
Median 1.7
70th Percentile 2.5
Max 156.9

Taiwan Mask Corp
Glance View

Market Cap
15.1B TWD
Industry
Semiconductors

Taiwan Mask Corp. engages in the research and development, manufacture and sale of masks for semiconductor production. The company is headquartered in Hsinchu, Hsinchu. The firm provides masks for the production of diodes, transistors, integrated circuits (ICs), liquid crystal displays (LCDs), charge-coupled devices (CCDs) and light emitting diodes (LEDs). The firm is also engaged in the provision of technology support, consulting, testing, maintenance and repairing services of masks. The firm distributes its products primarily within domestic market, as well as to overseas markets, including the rest of Asia, the Americas and others.

Intrinsic Value
37.63 TWD
Overvaluation 21%
Intrinsic Value
Price NT$47.7
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