Mirle Automation Corp
TWSE:2464

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Mirle Automation Corp
TWSE:2464
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Price: 106.5 TWD 9.79% Market Closed
Market Cap: NT$22B

P/B

4.4
Current
79%
More Expensive
vs 3-y average of 2.5

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
4.4
=
Market Cap
NT$15.2B
/
Total Equity
NT$4.9B

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
4.4
=
Market Cap
NT$15.2B
/
Total Equity
NT$4.9B

Valuation Scenarios

Mirle Automation Corp is trading above its 3-year average

If P/B returns to its 3-Year Average (2.5), the stock would be worth NT$59.51 (44% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-61%
Maximum Upside
No Upside Scenarios
Average Downside
52%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 4.4 NT$106.5
0%
3-Year Average 2.5 NT$59.51
-44%
5-Year Average 1.9 NT$45.96
-57%
Industry Average 2.5 NT$59.09
-45%
Country Average 1.7 NT$41.31
-61%

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
Mirle Automation Corp
TWSE:2464
22B TWD 4.4 -127.6
JP
Fujitec Co Ltd
TSE:6406
2 720 795.8T JPY 0 0
JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY 24 437.1 363 670.8
JP
Star Micronics Co Ltd
TSE:7718
48T JPY 1 29.8
US
Parker-Hannifin Corp
NYSE:PH
121.4B USD 8.5 34.3
JP
Freund Corp
TSE:6312
16.9T JPY 1 012.7 8 494.3
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
16.1T JPY 6.2 57.4
SE
Atlas Copco AB
STO:ATCO A
841.6B SEK 7.7 32.2
US
Illinois Tool Works Inc
NYSE:ITW
77.5B USD 24 25.2
US
Barnes Group Inc
NYSE:B
65.6B USD 2.5 13.1
SE
Sandvik AB
STO:SAND
474.3B SEK 4.8 32.7
P/E Multiple
Earnings Growth PEG
TW
Mirle Automation Corp
TWSE:2464
Average P/E: 37 239
Negative Multiple: -127.6
N/A N/A
JP
F
Fujitec Co Ltd
TSE:6406
0
19%
0
JP
I
Ishii Iron Works Co Ltd
TSE:6362
363 670.8
N/A N/A
JP
S
Star Micronics Co Ltd
TSE:7718
29.8
N/A N/A
US
Parker-Hannifin Corp
NYSE:PH
34.3
11%
3.1
JP
Freund Corp
TSE:6312
8 494.3
29%
292.9
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
57.4
23%
2.5
SE
Atlas Copco AB
STO:ATCO A
32.2
11%
2.9
US
Illinois Tool Works Inc
NYSE:ITW
25.2
7%
3.6
US
Barnes Group Inc
NYSE:B
13.1
16%
0.8
SE
Sandvik AB
STO:SAND
32.7
17%
1.9

Market Distribution

Higher than 89% of companies in Taiwan
Percentile
89th
Based on 866 companies
89th percentile
4.4
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

Mirle Automation Corp
Glance View

Market Cap
22B TWD
Industry
Machinery

Mirle Automation Corp. engages in the production and sale of automation system integrators. The company is headquartered in Hsinchu, Hsinchu. The company went IPO on 2001-09-17. The firm's main products and services include automated warehousing and logistics systems, robotic applications systems, information systems, controllers, solar devices and touch panels. The firm mainly conducts its business in Taiwan and Mainland China markets.

Intrinsic Value
57.56 TWD
Overvaluation 46%
Intrinsic Value
Price NT$106.5
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