Sunrex Technology Corporation (2387.TW)

Industry: Computer Hardware Model: Peers Multiples Valuation

Valuation Snapshot

Ticker	Rank	Name	Rev TTM (M)	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
6750.T	43	Elecom Co., Ltd.	765	14.34	14.45	5.63	5.57	8.09	7.03
3406.TW	44	Genius Electronic	740	14.26	13.97	5.18	4.84	6.22	11.95
3029.TW	45	Zero One Technolog	732	18.25	15.28	10.47	8.42	10.58	9.94
CRCT	46	Cricut, Inc.	714	16.52	17.26	8.66	8.80	12.80	12.89
6727.T	47	Wacom Co., Ltd.	713	22.08	23.37	10.47	10.93	7.79	7.74
7739.T	48	Canon Electronics	675	16.14	14.50	7.12	6.35	8.79	7.96
002635.SZ	49	Suzhou Anjie Techn	665	69.33	69.33	27.70	27.46	202.83	85.15
2387.TW	50	Sunrex Technology	645	8.06	7.65	2.48	2.43	4.93	5.33
2436.HK	51	LX Technology Grou	633	-	-	3.61	3.61	-	-
300223.SZ	52	Ingenic Semiconduc	631	135.27	74.57	132.23	132.23	171.26	59.38
600601.SS	53	Founder Technology	629	130.65	130.65	80.27	80.63	85.51	121.85
3324.TWO	54	Auras Technology C	629	36.35	31.56	23.69	20.67	19.91	27.57
001339.SZ	55	JWIPC Technology C	600	83.93	83.93	46.21	46.21	55.66	45.31
POSI3.SA	56	Positivo Tecnologi	576	-	-	4.23	3.88	5.97	4.13
SSYS	57	Stratasys Ltd.	561	-	-	-	-	-	-
6737.T	58	EIZO Corporation	512	23.82	25.28	9.82	10.38	-	23.65

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	20.16	20.32	9.24	8.61	9.69	11.95
Full Range Median Multiple	22.95	24.32	10.14	9.59	11.69	12.89
Industry Multiple	48.41	42.85	26.81	26.43	49.62	32.66
Market Implied Multiple	7.73	7.34	2.36	2.31	4.69	5.07
Company (2387.TW) Multiple	8.06	7.65	2.48	2.43	4.93	5.33
(*) Net Income / EBITDA / Revenue	32	33	87	89	44	40
Winsorized Enterprise Value	N/A	N/A	801	764	423	483
Full Range Median Enterprise Value	N/A	N/A	880	851	511	521
(-) Net Debt	-39	-39	-39	-39	-39	-39
Winsorized Equity Value	635	674	839	802	462	521
Full Range Median Equity Value	723	807	918	890	549	559
(/) Shares Outstanding	6	6	6	6	6	6
Winsorized Fair Value	$103.20	$109.53	$136.37	$130.35	$75.00	$84.67
Full Range Median Fair Value	$117.47	$131.13	$149.14	$144.54	$89.21	$90.83
Current Price	$39.55	$39.55	$39.55	$39.55	$39.55	$39.55
Upside / Downside	160.95%	176.95%	244.79%	229.59%	89.63%	114.08%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$72.24	$76.67	$95.46	$91.25	$52.50	$59.27
Buy / Don't Buy	BUY	BUY	BUY	BUY	BUY	BUY