2308.TW (2308.TW)

$3.94T
Market Cap
65.6
P/E Ratio
1.19
Beta
0.45%
Dividend Yield
Piotroski 8/9Altman Z 9.5 SafeROIC−WACC +4.5%

Quantitative Summary

Deterministic

Financial health metrics are strong: Piotroski 8/9, Altman Z 9.5 (above 3.0 safe zone threshold).

Generated deterministically from quant metrics and financial statements. Not a recommendation.

Algorithmic Teardown

AI-Generated

The company exhibits robust fundamental quality, as evidenced by a significant ROIC-WACC spread of +4.5%, indicating that it generates returns well above its cost of capital. The DuPont analysis reveals strong profitability through net margins of 10.8% and asset turnover at 0.87x, while leverage is moderately used with an equity multiplier of 1.97x. These factors contribute to a robust ROE of 18.5%, further supported by high Piotroski F-Score (8/9) and Altman Z-Score (9.5), suggesting financial health and operational efficiency.

In terms of valuation, the current P/E ratio stands at 65.6x, which is notably higher than both historical averages and sector norms, implying that investors are willing to pay a premium for future earnings growth expectations. The DCF model suggests a fair value of $567 per share, indicating an implied long-term revenue growth rate consistent with the company's recent performance. Given its 31.8% year-over-year revenue growth, this valuation reflects market optimism about sustained high-growth prospects.

If additional risk factors such as insider activity or Fama-French alpha data were provided, they could further refine the assessment of potential risks versus rewards for investors considering a position in the stock.

Generated by LLM from quantitative data inputs. May contain inaccuracies. Not investment advice.

DCF Sandbox

Interactive

Sensitivity Matrix

TG ↓ / WACC →10%12%14%
2%$661$524$434
3%$734$567$461
4%$832$620$493

Center = base case. Green = >10% upside, Red = >10% downside vs .

Pre-computed DCF: WACC=12.0%, terminal growth 3%. Fair value $567 (+0.0%). Not investment advice.

Price Chart with Moving Averages

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SMA 50 SMA 200

Quant Health Deep Dive

8/9
Piotroski F-Score
Strong — high operational efficiency and profitability signals
9.5
Altman Z-Score
Safe Zone — above 3.0 threshold per academic model. Thresholds: >3 safe, 1.8–3 grey, <1.8 distress.

Profitability & Value Creation

34.3%
Gross Margin
10.8%
Net Margin
16.6%
ROIC
12.0%
WACC
ROIC − WACC Spread: +4.5%— Positive spread.
+31.8%
Revenue Growth (YoY)
+70.6%
Earnings Growth (YoY)
51.3B
Free Cash Flow
35%
FCF Payout Ratio

✅ Conservative payout — room for dividend increases.

DuPont Analysis — ROE Decomposition

Breaking down Return on Equity to see how the company generates its ROE — efficiency, margins, or leverage.

10.8%
Net Profit Margin
NI ÷ Revenue
×
0.87x
Asset Turnover
Revenue ÷ Assets
×
1.97x
Equity Multiplier
Assets ÷ Equity
=
18.5%
Return on Equity
Balanced ROE composition across margins, turnover, and leverage.

Balance Sheet Health

0.97x
Debt / Equity
1.89x
Current Ratio
40.7x
Interest Coverage
-0.8x
Net Debt / EBITDA
1.34%
FCF Yield
117.9B
EBITDA

Earnings Surprise History

Q4
✓ Beat
Est: $3.66
Act: $3.94
+7.6%
Q3
✓ Beat
Est: $4.41
Act: $5.36
+21.6%
Q2
✓ Beat
Est: $6.89
Act: $7.15
+3.7%
Q1
✗ Miss
Est: $7.54
Act: $6.65
-11.8%

EPS estimates vs actuals for the most recent reported quarters. Source: yfinance.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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Rolling 60-Day Beta vs S&P 500 (VOO)

How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

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Rolling Beta Market (β = 1.0)

Fundamentals

28.3
Forward P/E
PEG Ratio
14.68
Price/Book
12M
Avg Volume
$1565.00
52W High
$275.00
52W Low
52W Range Position

Passive Flow Attribution

ETF Draft Effect
$1.7B
Tracked Passive Exposure
2
ETFs Holding 2308.TW
1.24%
Avg Weight in ETFs
$141B
Total ETF AUM

When investors buy or sell ETFs like EWT or IEMG, the fund manager is mechanically forced to buy or sell 2308.TW shares regardless of 2308.TW's individual fundamentals. We estimate $1.7B of passive capital is structurally linked to 2308.TW through 2 tracked ETFs. Index rebalances and ETF creation/redemption cycles can create noticeable volume spikes unrelated to company news.

Passive exposure = Σ (ETF AUM × stock weight in ETF) across 2 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.

ETF Contagion Visualizer

Simulate a price drop in 2308.TW to visualize passive redemption contagion across ETFs and collateral stocks.

2308.TW Shock
-0%
Est. Passive Redemption
$0
Systemic Risk
STABLE
2308.TWEpicenterIEMGETFEWTETF2330.TWLow Risk2454.TWLow Risk005930.KSUnknown2317.TWMed Risk000660.KSUnknown
2308.TW Price Drop (%)0

If 2308.TW (2308.TW) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) as the most exposed collateral stock, sharing 2 ETFs with 2308.TW. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.

Contagion model based on shared ETF exposure and constituent weights across 2 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.

2308.TW Ownership Dynamics

Ticker
2308.TW

ETFs with Highest 2308.TW Exposure

Float lock-up computed from 0 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).

2308.TW Capital Efficiency

How efficiently does 2308.TW convert operating profits into free cash? The FCF Conversion ratio measures the gap between accounting earnings and real cash generation.

Free Cash Flow
$51.3B
EBITDA
$117.9B
FCF Conversion
44%
Reinvestment Rate
56%
44% of EBITDA → Free Cash
0% (cash burn)25% (low)50% (efficient)100% (pure cash)
ROIC
16.6%
ROIC − WACC Spread
4.5%

2308.TW converts 44% of its EBITDA into free cash flow, a healthy conversion rate indicating efficient capital management — the business generates substantial cash after reinvestment. The 56% reinvestment rate signals aggressive capacity expansion. The positive ROIC-WACC spread of 4.5% confirms that reinvested capital creates shareholder value.

Capital efficiency = Free Cash Flow ÷ EBITDA. Reinvestment = (EBITDA − FCF) ÷ EBITDA. Metrics from latest annual filings. Not investment advice.

Compare 2308.TW to Peers

Quant metrics computed deterministically from financial statements and price data. Updated: N/A.

SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.