M

Mercuries & Associates Holding Ltd
TWSE:2905

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Mercuries & Associates Holding Ltd
TWSE:2905
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Price: 15.75 TWD 1.29% Market Closed
Market Cap: 17.7B TWD
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Relative Value

The Relative Value of one Mercuries & Associates Holding Ltd stock under the Base Case scenario is 39.06 TWD. Compared to the current market price of 15.75 TWD, Mercuries & Associates Holding Ltd is Undervalued by 60%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
39.06 TWD
Undervaluation 60%
Relative Value
Price
M
Worst Case
Base Case
Best Case

Valuation Multiples

0.1
P/S
P/S
Price to Sales
0.1
vs History
14
vs Industry
95
Median 3Y
0.1
Median 5Y
0.1
Industry
1.1
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-3.4
Median 5Y
4.7
Industry
12.2
More Details
Negative
P/OCF
P/OCF
Price to OCF
N/A
vs History
vs Industry
Median 3Y
-0.3
Median 5Y
0.2
Industry
9
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
Median 3Y
-0.3
Median 5Y
0.2
Industry
9.5
More Details
0.9
P/B
P/B
Price to Book Value
0.9
vs History
52
vs Industry
59
Median 3Y
1
Median 5Y
0.9
Industry
1.4
More Details
0.1
EV/S
EV/S
Enterprise Value to Sales
0.1
vs History
9
vs Industry
90
Median 3Y
-0.1
Median 5Y
-0.2
Industry
1.2
More Details
N/A
EV/GP
EV/GP
Enterprise Value to Gross Profit
N/A
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
5.2
More Details
Negative
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
N/A
vs History
vs Industry
22
Median 3Y
0.4
Median 5Y
-4.4
Industry
9
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
56
Median 3Y
0.1
Median 5Y
-4
Industry
10.2
More Details
Negative
EV/OCF
EV/OCF
Enterprise Value to OCF
N/A
vs History
vs Industry
67
Median 3Y
-0.1
Median 5Y
-0.6
Industry
10
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
66
Median 3Y
-0.1
Median 5Y
-0.6
Industry
10.6
More Details
0
EV/IC
EV/IC
Enterprise Value to IC
0
vs History
9
vs Industry
90
Median 3Y
-0
Median 5Y
-0
Industry
0.4
More Details

Multiples Across Competitors

Competitors Multiples
Mercuries & Associates Holding Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
TW
Mercuries & Associates Holding Ltd
TWSE:2905
16.8B TWD 0.1 -15.2 -4.3 -2
ZA
Sanlam Ltd
JSE:SLM
179.6B Zac 0 0 0 0
CN
Ping An Insurance Group Co of China Ltd
SSE:601318
973.8B CNY 1.2 8.3 22.4 22.4
ZA
Discovery Ltd
JSE:DSY
132.4B Zac 0 0 0 0
CN
China Life Insurance Co Ltd
SSE:601628
884.6B CNY 2.3 8.1 5.3 5.3
ZA
OUTsurance Group Ltd
JSE:OUT
104.7B Zac 0 0 0 0
HK
AIA Group Ltd
HKEX:1299
631.8B HKD 3.9 16.8 12.9 12.9
IN
Life Insurance Corporation Of India
NSE:LICI
5.6T INR 0.6 13.5 15.2 15.2
ZA
Old Mutual Ltd
JSE:OMU
61.2B Zac 0 0 0 0
US
Aflac Inc
NYSE:AFL
57.3B USD 3.3 15 10.6 12.5
US
MetLife Inc
NYSE:MET
56.9B USD 0.8 16 8.6 8.6
P/E Multiple
Earnings Growth P/E to Growth
TW
M
Mercuries & Associates Holding Ltd
TWSE:2905
Average P/E: 13
Negative Multiple: -15.2 		N/A N/A
ZA
S
Sanlam Ltd
JSE:SLM
Not Available
38%
N/A
CN
Ping An Insurance Group Co of China Ltd
SSE:601318
8.3
83%
0.1
ZA
D
Discovery Ltd
JSE:DSY
Not Available
62%
N/A
CN
China Life Insurance Co Ltd
SSE:601628
8.1
121%
0.1
ZA
O
OUTsurance Group Ltd
JSE:OUT
Not Available
32%
N/A
HK
AIA Group Ltd
HKEX:1299
16.8
104%
0.2
IN
Life Insurance Corporation Of India
NSE:LICI
13.5
15%
0.9
ZA
O
Old Mutual Ltd
JSE:OMU
Not Available
25%
N/A
US
Aflac Inc
NYSE:AFL
15
-12%
N/A
US
MetLife Inc
NYSE:MET
16
442%
0
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TW
M
Mercuries & Associates Holding Ltd
TWSE:2905
Average EV/EBITDA: 12.5
Negative Multiple: -4.3 		N/A N/A
ZA
S
Sanlam Ltd
JSE:SLM
Not Available N/A N/A
CN
Ping An Insurance Group Co of China Ltd
SSE:601318
22.4
157%
0.1
ZA
D
Discovery Ltd
JSE:DSY
Not Available N/A N/A
CN
China Life Insurance Co Ltd
SSE:601628
5.3
N/A N/A
ZA
O
OUTsurance Group Ltd
JSE:OUT
Not Available N/A N/A
HK
AIA Group Ltd
HKEX:1299
12.9
N/A N/A
IN
Life Insurance Corporation Of India
NSE:LICI
15.2
145%
0.1
ZA
O
Old Mutual Ltd
JSE:OMU
Not Available N/A N/A
US
Aflac Inc
NYSE:AFL
10.6
N/A N/A
US
MetLife Inc
NYSE:MET
8.6
124%
0.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
TW
M
Mercuries & Associates Holding Ltd
TWSE:2905
Average EV/EBIT: 12.8
Negative Multiple: -2 		N/A N/A
ZA
S
Sanlam Ltd
JSE:SLM
Not Available
21%
N/A
CN
Ping An Insurance Group Co of China Ltd
SSE:601318
22.4
53%
0.4
ZA
D
Discovery Ltd
JSE:DSY
Not Available N/A N/A
CN
China Life Insurance Co Ltd
SSE:601628
5.3
-27%
N/A
ZA
O
OUTsurance Group Ltd
JSE:OUT
Not Available N/A N/A
HK
AIA Group Ltd
HKEX:1299
12.9
59%
0.2
IN
Life Insurance Corporation Of India
NSE:LICI
15.2
1 355%
0
ZA
O
Old Mutual Ltd
JSE:OMU
Not Available
-37%
N/A
US
Aflac Inc
NYSE:AFL
12.5
-11%
N/A
US
MetLife Inc
NYSE:MET
8.6
184%
0

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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