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Elite Material Co Ltd
TWSE:2383

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Elite Material Co Ltd
TWSE:2383
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Price: 4 440 TWD 1.49% Market Closed
Market Cap: NT$1.6T

EV/IC

25.1
Current
494%
More Expensive
vs 3-y average of 4.2

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
25.1
=
Enterprise Value
NT$936.9B
/
Invested Capital
NT$63.4B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
25.1
=
Enterprise Value
NT$936.9B
/
Invested Capital
NT$63.4B

Valuation Scenarios

Elite Material Co Ltd is trading above its 3-year average

If EV/IC returns to its 3-Year Average (4.2), the stock would be worth NT$747.64 (83% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-95%
Maximum Upside
No Upside Scenarios
Average Downside
89%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 25.1 NT$4 440
0%
3-Year Average 4.2 NT$747.64
-83%
5-Year Average 3.8 NT$667.3
-85%
Industry Average 1.4 NT$249.67
-94%
Country Average 1.2 NT$209.98
-95%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
TW
Elite Material Co Ltd
TWSE:2383
1.6T TWD 25.1 111.3
US
II-VI Inc
LSE:0LHO
522.4B USD 40 2 717.6
JP
Canon Electronics Inc
TSE:7739
40.9T JPY 1.2 22.9
US
Amphenol Corp
NYSE:APH
182B USD 8.3 41.9
TW
Delta Electronics Inc
TWSE:2308
5.6T TWD 14.2 88.6
US
Corning Inc
NYSE:GLW
122.7B USD 4.9 80
TH
Delta Electronics Thailand PCL
SET:DELTA
3.9T THB 38.4 158.8
CN
Eoptolink Technology Inc Ltd
SZSE:300502
533.8B CNY 40.4 48.7
CN
Luxshare Precision Industry Co Ltd
SZSE:002475
500.1B CNY 3.8 29.7
JP
Murata Manufacturing Co Ltd
TSE:6981
9.4T JPY 3.7 49.5
US
Coherent Corp
NYSE:COHR
57.2B USD 4.8 300.6

Market Distribution

Higher than 99% of companies in Taiwan
Percentile
99th
Based on 869 companies
99th percentile
25.1
Low
0 — 0.9
Typical Range
0.9 — 1.8
High
1.8 —
Distribution Statistics
Taiwan
Min 0
30th Percentile 0.9
Median 1.2
70th Percentile 1.8
Max 1 954.3

Elite Material Co Ltd
Glance View

Elite Material Co Ltd, founded in 1992, is a fascinating example of innovation meeting industrial demand in the competitive world of electronic materials. With headquarters nestled in Taiwan, the company made its mark in the highly specialized market of copper-clad laminates—crucial components in the ever-expanding electronics industry. These laminates are essentially layers of copper on an insulating substrate and serve as foundational materials for printed circuit boards (PCBs), which are the backbone of virtually all electronic devices. Elite Material's expertise lies in producing high-performance laminates that cater to a broad spectrum of industries, including consumer electronics, telecommunications, automotive, and more. Their laminates are widely acclaimed for their excellent thermal management and reliability, characteristics highly desirable in the modern landscape of miniaturized and high-power-demand electronics. The business model of Elite Material Co Ltd is cleverly integrated, combining robust research and development with large-scale production capabilities. The company invests heavily in R&D to stay ahead of technological advances and maintain a competitive edge. This focus on innovation ensures that they can meet the rigorous standards required by cutting-edge electronics. Furthermore, Elite Material's production facilities are strategically located, enhancing efficiency and distribution to global markets. By establishing strong relationships with key players in the electronics manufacturing ecosystem, such as original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) providers, the company efficiently monetizes its technological advancements. Revenue generation is predominantly through sales of these high-quality laminates, which form an indispensable part of the electronic manufacturing supply chain, thus solidifying Elite Material’s pivotal role in powering the world’s technology.

Intrinsic Value
1 618.33 TWD
Overvaluation 64%
Intrinsic Value
Price NT$4 440
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