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Hiwin Mikrosystem Corp
TWSE:4576

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Hiwin Mikrosystem Corp
TWSE:4576
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Price: 190 TWD -4.04% Market Closed
Market Cap: NT$22.8B

P/OCF

51.4
Current
63%
More Expensive
vs 3-y average of 31.5

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
51.4
=
Market Cap
NT$14.1B
/
Operating Cash Flow
NT$442.6m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
51.4
=
Market Cap
NT$14.1B
/
Operating Cash Flow
NT$442.6m

Valuation Scenarios

Hiwin Mikrosystem Corp is trading above its 3-year average

If P/OCF returns to its 3-Year Average (31.5), the stock would be worth NT$116.5 (39% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-74%
Maximum Upside
No Upside Scenarios
Average Downside
57%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 51.4 NT$190
0%
3-Year Average 31.5 NT$116.5
-39%
5-Year Average 26.9 NT$99.52
-48%
Industry Average 17.2 NT$63.52
-67%
Country Average 13.2 NT$48.62
-74%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
TW
Hiwin Mikrosystem Corp
TWSE:4576
22.8B TWD 51.4 94.3
JP
Keyence Corp
TSE:6861
15.3T JPY 38.6 36.7
US
Keysight Technologies Inc
NYSE:KEYS
59.6B USD 40.5 62
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
306.9B CNY 12.3 20.5
US
Teledyne Technologies Inc
NYSE:TDY
30B USD 25.1 33.5
SE
Hexagon AB
STO:HEXA B
274.2B SEK 17.3 41.2
CN
Zhonghang Electronic Measuring Instruments Co Ltd
SZSE:300114
192.9B CNY -1 370.2 1 890.2
TW
Chroma ATE Inc
TWSE:2360
821.8B TWD 156.3 70.3
UK
Halma PLC
LSE:HLMA
16.8B GBP 34 48.2
CN
Huagong Tech Co Ltd
SZSE:000988
118.3B CNY 96.9 80.4
US
Trimble Inc
NASDAQ:TRMB
15.9B USD 41.1 37.4

Market Distribution

Higher than 90% of companies in Taiwan
Percentile
90th
Based on 708 companies
90th percentile
51.4
Low
0.5 — 8.9
Typical Range
8.9 — 20.4
High
20.4 —
Distribution Statistics
Taiwan
Min 0.5
30th Percentile 8.9
Median 13.2
70th Percentile 20.4
Max 5 587.5

Hiwin Mikrosystem Corp
Glance View

Market Cap
22.8B TWD
Industry
Electrical Equipment

HIWIN Mikrosystem Corp. engages in the research, development, manufacturing, and sale of precision motion and control components as well as micron- and nano-level positioning systems. The company is headquartered in Taichung, Taichung. The company went IPO on 2018-10-29. The firm's products are used for semiconductor equipment, automation equipment, optoelectronic equipment, electronics equipment, industrial machinery, machine tools, medical equipment and other industries. Precision control components are used in linear motors, torque motors, drivers, AC servo motors, linear actuators, position measurement systems. Micron and nano-level positioning systems include single-axis positioning platform, dual-axis positioning platform, door structure positioning platform, bridge architecture positioning platform, multi-axis positioning platform, and customized positioning platform.

Intrinsic Value
89.4 TWD
Overvaluation 53%
Intrinsic Value
Price NT$190
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