104 Corp
TWSE:3130

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104 Corp
TWSE:3130
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Price: 221 TWD 0.23% Market Closed
Market Cap: NT$7.3B

P/B

4.3
Current
3%
Cheaper
vs 3-y average of 4.4

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
4.3
=
Market Cap
NT$7.5B
/
Total Equity
NT$1.7B

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
4.3
=
Market Cap
NT$7.5B
/
Total Equity
NT$1.7B

Valuation Scenarios

104 Corp is trading below its 3-year average

If P/B returns to its 3-Year Average (4.4), the stock would be worth NT$228.54 (3% upside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-60%
Maximum Upside
+3%
Average Downside
22%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 4.3 NT$221
0%
3-Year Average 4.4 NT$228.54
+3%
5-Year Average 4.2 NT$218.88
-1%
Industry Average 3 NT$154.49
-30%
Country Average 1.7 NT$89
-60%

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
104 Corp
TWSE:3130
7.3B TWD 4.3 15
JP
Recruit Holdings Co Ltd
TSE:6098
10.5T JPY 7.5 25.3
NL
Randstad NV
AEX:RAND
4.4B EUR 1.1 15.8
CN
51job Inc
F:IWQ
3.9B EUR 2.4 49
US
Robert Half Inc
SWB:RHJ
3.9B EUR 3.5 35
CH
Adecco Group AG
SIX:ADEN
3B CHF 0.9 10.9
PL
Benefit Systems SA
WSE:BFT
12.6B PLN 5.5 22.9
US
Korn Ferry
NYSE:KFY
3.5B USD 1.7 13
JP
Persol Holdings Co Ltd
TSE:2181
535.9B JPY 2.6 13.6
JP
TechnoPro Holdings Inc
TSE:6028
502.9B JPY 5.9 30.7
SG
Jinhai International Group Holdings Ltd
HKEX:2225
23.3B HKD 74.5 -223.7

Market Distribution

Higher than 88% of companies in Taiwan
Percentile
88th
Based on 866 companies
88th percentile
4.3
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

104 Corp
Glance View

104 Corp. engages in the provision of information technology, general advertising services, employment services, and human resource consultancy. The company is headquartered in Taipei, New Taipei. The company went IPO on 2004-10-13. The firm mainly provides online advertising services, electronic information services, online human recruitment services, education and learning services, as well as tutoring and outsourcing services. The firm also provides human recruitment platform consulting services. The firm distributes its products mainly in domestic market, with the northern region as its main market.

Intrinsic Value
264.02 TWD
Undervaluation 16%
Intrinsic Value
Price NT$221
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