Taiwan Mobile Co Ltd
TWSE:3045
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (23.9), the stock would be worth NT$96.01 (14% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 27.7 | NT$111.5 |
0%
|
| 3-Year Average | 23.9 | NT$96.01 |
-14%
|
| 5-Year Average | 21.4 | NT$86.13 |
-23%
|
| Industry Average | 29.2 | NT$117.33 |
+5%
|
| Country Average | 19.4 | NT$77.84 |
-30%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| TW |
|
Taiwan Mobile Co Ltd
TWSE:3045
|
337.2B TWD | 27.7 | 23.4 | |
| ZA |
M
|
MTN Group Ltd
JSE:MTN
|
383.1B ZAR | 43.4 | 18.9 | |
| ZA |
V
|
Vodacom Group Ltd
JSE:VOD
|
273B ZAR | 11.4 | 14.5 | |
| US |
|
T-Mobile US Inc
NASDAQ:TMUS
|
217B USD | 12.8 | 19.7 | |
| JP |
|
SoftBank Group Corp
TSE:9984
|
30.9T JPY | 6.2 | 8.4 | |
| CN |
|
China Mobile Ltd
SSE:600941
|
1.3T CNY | 10.8 | 9.7 | |
| IN |
|
Bharti Airtel Ltd
NSE:BHARTIARTL
|
10.8T INR | 36.7 | 35.3 | |
| MX |
|
America Movil SAB de CV
BMV:AMXB
|
1.4T MXN | 25.6 | 15.9 | |
| JP |
|
SoftBank Corp
TSE:9434
|
10.5T JPY | 15.9 | 18.6 | |
| JP |
|
KDDI Corp
TSE:9433
|
9.7T JPY | 9 | 14 | |
| UK |
|
Vodafone Group PLC
LSE:VOD
|
28.5B GBP | -4.5 | -7.4 |
Market Distribution
| Min | 1.5 |
| 30th Percentile | 12.4 |
| Median | 19.4 |
| 70th Percentile | 33.6 |
| Max | 9 890.8 |
Other Multiples
Taiwan Mobile Co Ltd
Glance View
In the dynamic world of telecommunications, Taiwan Mobile Co., Ltd. stands as a formidable player in Taiwan's highly competitive market. Founded in 1997, the company has grown from a promising start-up into one of the major telecom operators in the region. As a subsidiary of the Fubon Group, it benefits from strong financial backing which has facilitated its expansion and innovation. Taiwan Mobile operates through various segments, primarily focusing on Telecommunications, Cable TV, Retail and others, illustrating its diverse business model. At its core, the company earns revenue by providing mobile voice and data services, leveraging the widespread adoption of smartphones and internet services across the nation. Alongside traditional telecom offerings, Taiwan Mobile has adeptly navigated the shift towards digital services by investing in 4G and 5G networks, ensuring it remains at the forefront of cutting-edge telecommunications technology. The company isn't solely reliant on selling mobile plans; its strategic diversification includes offering value-added services such as digital streaming, cloud computing, and enterprise solutions which cater to various sectors including entertainment and business. A pivotal area of growth for Taiwan Mobile is its cable TV business, which allows it to capitalize on the synergies between broadcasting and telecommunications, meanwhile maintaining customer loyalty through bundled services. Additionally, its presence in the retail space through its Modem and Handset sales complements its service offerings, enhancing brand loyalty and customer experience. By constantly innovating and adapting to the digital transformation impacting the telecom industry, Taiwan Mobile ensures it continues to thrive in a rapidly evolving market landscape.