Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
EASYCARD Corporation specializes in providing contactless smart card technology. These cards are primarily utilized within electronic public transport ticketing systems. Furthermore, their functionality extends to facilitating minor transactions, serving as a payment instrument at diverse retail outlets such as convenience stores, supermarkets, and dining establishments. Their acceptance also encompasses recreational venues, healthcare providers, governmental offices, and automated library checkout terminals. Established in 2000, the firm is based in Taipei City, Taiwan. Formerly known as Taipei Smart Card Corporation, it adopted the EasyCard Corporation name in August 2008. The entity operates as a subsidiary of EasyCard Investment Holding Co., Ltd.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD