2206.TW
Sanyang Motor Co Ltd
Price:  
63.5 
TWD
Volume:  
363,742
Taiwan, Province of China | Automobiles

2206.TW DCF Valuation - Growth Exit 5Y

23.9 %
Upside

What is the DCF valuation of 2206.TW?

The Discounted Cash Flow (DCF) valuation of Sanyang Motor Co Ltd (2206.TW) is 78.71 TWD. With the latest stock price at 63.50 TWD, the upside of Sanyang Motor Co Ltd based on DCF is 23.9%.

Is 2206.TW a buy or a sell?

Based on the latest price of 63.50 TWD and our DCF valuation, Sanyang Motor Co Ltd (2206.TW) is a buy. Buying 2206.TW stocks now will result in a potential gain of 23.9%.

Range Selected
WACC / Discount Rate5.7% - 7.8%6.7%
Long-term Growth Rate 0.5% - 1.5%1.0%
Fair Price59.37 - 111.9478.71
Upside-6.5% - 76.3%23.9%
63.50 TWD
Stock Price
78.71 TWD
Fair Price
REVENUE & EXPENSES
CAPEX
D&A
WORKING CAPITAL
TERMINAL VALUE

2206.TW DCF Valuation: Revenue & Expenses Forecast

(TWD in millions)Projections
12-202412-202512-202612-202712-202812-2029
Revenue65,62558,87166,42372,99782,12292,302
% Growth
2%-10%13%10%13%12%
Cost of goods sold(52,244)(46,867)(52,880)(58,114)(65,378)(73,483)
% of Revenue80%80%80%80%80%80%
Selling, G&A expenses(6,081)(5,455)(6,155)(6,764)(7,610)(8,553)
% of Revenue9%9%9%9%9%9%
Research & Development(1,416)(1,270)(1,433)(1,575)(1,772)(1,991)
% of Revenue2%2%2%2%2%2%
Net interest & other expenses592531599659741833
% of Revenue1%1%1%1%1%1%
Tax expense(1,343)(1,016)(1,146)(1,260)(1,417)(1,593)
Tax rate21%17%17%17%17%17%
Net profit5,1324,7945,4085,9446,6877,516
% Margin8%8%8%8%8%8%