Risk factor
Poor trading liquidity
Profitability factor
Undervalued vs peers
About
Forest Water Environmental Engineering Co., Ltd., founded in 1993 and headquartered in Taipei City, Taiwan, is actively engaged in the environmental engineering industry throughout Taiwan. The company specializes in the operation and comprehensive management of various vital facilities, including sewage treatment plants, recycling centers, and desalination plants. Their extensive service offerings span the entire project lifecycle, from initial design and construction to ongoing operation and maintenance. This includes advanced solutions for seawater desalination technology and equipment, as well as the processing of various organic waste materials such as livestock manure and kitchen waste. Furthermore, Forest Water provides integrated services for sludge treatment and recycling systems, alongside sophisticated wastewater recycling and reclaimed water technologies. Beyond plant management, the company addresses crucial environmental issues through services like soil pollution investigation and assessment, both on-site and off-site remediation efforts, brownfield development, and the off-site restoration of contaminated soil. They also provide waste treatment and incineration services.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is reasonably priced on P/E, 'cheap' on EV/EBITDA