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Cheng Mei Materials Technology Corp
TWSE:4960

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Cheng Mei Materials Technology Corp
TWSE:4960
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Price: 38.5 TWD -3.27% Market Closed
Market Cap: NT$22B

EV/FCFF

-25.8
Current
178%
More Expensive
vs 3-y average of -9.3

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
-25.8
=
Enterprise Value
NT$12B
/
Free Cash Flow to Firm
NT$-863.5m

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
-25.8
=
Enterprise Value
NT$12B
/
Free Cash Flow to Firm
NT$-863.5m

Valuation Scenarios

Cheng Mei Materials Technology Corp is trading above its industry average

If EV/FCFF returns to its Industry Average (22.1), the stock would be worth NT$-32.93 (186% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-186%
Maximum Upside
No Upside Scenarios
Average Downside
182%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple -25.8 NT$38.5
0%
Industry Average 22.1 NT$-32.93
-186%
Country Average 20.4 NT$-30.36
-179%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
TW
Cheng Mei Materials Technology Corp
TWSE:4960
21.8B TWD -25.8 -14.9
US
II-VI Inc
LSE:0LHO
522.4B USD -5 064.5 2 717.6
JP
Canon Electronics Inc
TSE:7739
40.9T JPY 17.2 22.9
US
Amphenol Corp
NYSE:APH
180.6B USD 42.1 42.3
TW
Delta Electronics Inc
TWSE:2308
5.6T TWD 109.3 88.6
US
Corning Inc
NYSE:GLW
132.7B USD 98.4 83.1
TH
Delta Electronics Thailand PCL
SET:DELTA
3.9T THB 299.7 158.8
CN
Eoptolink Technology Inc Ltd
SZSE:300502
533.8B CNY 80.1 48.7
CN
Luxshare Precision Industry Co Ltd
SZSE:002475
500.1B CNY -841.9 29.7
JP
Murata Manufacturing Co Ltd
TSE:6981
9.4T JPY 38.4 49.5
US
Coherent Corp
NYSE:COHR
59.9B USD -630.5 314.4

Market Distribution

Lower than 100% of companies in Taiwan
Percentile
0th
Based on 562 companies
0th percentile
-25.8
Low
0.4 — 13.5
Typical Range
13.5 — 30.6
High
30.6 —
Distribution Statistics
Taiwan
Min 0.4
30th Percentile 13.5
Median 20.4
70th Percentile 30.6
Max 2 037.1

Cheng Mei Materials Technology Corp
Glance View

CHENG MEI MATERIALS TECHNOLOGY CORPORATION, formerly Chi Mei Materials Technology Corporation is principally engaged in the manufacture and distribution of polarizer and polarizing coiled materials. The Company’s polarizer and polarizing coiled materials are applied in the manufacture of liquid crystal display (LCD) panels as key components. The Company is also engaged in the provision of chemical products, including optical pressure sensitive adhesive (PSA) and others. The Company distributes its products primarily in Taiwan and other Asian markets.

Intrinsic Value
13.22 TWD
Overvaluation 66%
Intrinsic Value
Price NT$38.5
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