Taiwan Mobile Co Ltd
TWSE:3045

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Taiwan Mobile Co Ltd
TWSE:3045
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Price: 111.5 TWD -0.45% Market Closed
Market Cap: NT$337.2B

P/FCFE

27.7
Current
16%
More Expensive
vs 3-y average of 23.9

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.

P/FCFE
27.7
=
Market Cap
NT$331.2B
/
Free Cash Flow to Equity
NT$12.2B

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.

P/FCFE
27.7
=
Market Cap
NT$331.2B
/
Free Cash Flow to Equity
NT$12.2B

Valuation Scenarios

Taiwan Mobile Co Ltd is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (23.9), the stock would be worth NT$96.01 (14% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-30%
Maximum Upside
+5%
Average Downside
15%
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

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
TW
Taiwan Mobile Co Ltd
TWSE:3045
337.2B TWD 27.7 23.4
ZA
MTN Group Ltd
JSE:MTN
383.1B ZAR 43.4 18.9
ZA
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
P/E Multiple
Earnings Growth PEG
TW
Taiwan Mobile Co Ltd
TWSE:3045
Average P/E: 17.8
23.4
2%
11.7
ZA
M
MTN Group Ltd
JSE:MTN
18.9
41%
0.5
ZA
V
Vodacom Group Ltd
JSE:VOD
14.5
19%
0.8
US
T-Mobile US Inc
NASDAQ:TMUS
19.7
19%
1
JP
SoftBank Group Corp
TSE:9984
8.4
-10%
N/A
CN
China Mobile Ltd
SSE:600941
9.7
3%
3.2
IN
Bharti Airtel Ltd
NSE:BHARTIARTL
35.3
16%
2.2
MX
America Movil SAB de CV
BMV:AMXB
15.9
21%
0.8
JP
SoftBank Corp
TSE:9434
18.6
7%
2.7
JP
KDDI Corp
TSE:9433
14
11%
1.3
UK
Vodafone Group PLC
LSE:VOD
Negative Multiple: -7.4 N/A N/A

Market Distribution

In line with most companies in Taiwan
Percentile
63nd
Based on 598 companies
63nd percentile
27.7
Low
1.5 — 12.4
Typical Range
12.4 — 33.6
High
33.6 —
Distribution Statistics
Taiwan
Min 1.5
30th Percentile 12.4
Median 19.4
70th Percentile 33.6
Max 9 890.8

Taiwan Mobile Co Ltd
Glance View

Market Cap
337.2B TWD
Industry
Telecommunication

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.

Intrinsic Value
123.56 TWD
Undervaluation 10%
Intrinsic Value
Price NT$111.5
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