A Comparative Study of Valuation and Value Drivers in the Textile Industry: Kwang Ming Silk Mill Co., Ltd. vs. Eclat Textile Co., Ltd.

摘要

This study utilized the case study method and took Kwang Ming Silk Mill Co., Ltd. and Eclat Textile Co., Ltd. as samples to explore. Price/EPS ratio, Price/Book-value ratio, Price/Sales ratio, Discounted Cash Flow method and Market Value-Added (MVA) were used to evaluate two samples' firm value. The empirical findings were as follows. The fundamental value of Kwang Ming is NT$26.99, and the one of Eclat is NT$244.98.