TECO Electric & Machinery Co Ltd (1504) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of TECO Electric & Machinery Co Ltd stock TWD 34.73, price TWD 59.70, that is 41.8% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range 23.42 TWD – 116.17 TWD · fair‑value band 25.54 TWD – 45.58 TWD · the 59.70 TWD price screens above the 34.73 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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TECO Electric & Machinery Co., Ltd. engages in the production, sales and installation of various mechanical equipment in Taiwan, the United States, Mainland China, and internationally.
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It offers electrical equipment products and transformers; power management system, such as mobile prefabricated electrical platform, EV charger, and charging pile power integration hub; low, medium, and high voltage motors; and electric vehicle powertrain products, including high-performance EV motors and drives, electric UAV powertrain, light electric UAV powertrain, and EV vessel powertrain.
The company also provides gear reducer products; robotic joint module system; industrial drive systems, and industrial control and automation systems; commercial and home air conditioning products; and smart home appliances.
In addition, it offers energy services comprising green energy engineering, electrification, power plant operation and management, industrial control automation, smart commercial HVAC energy, and smart residential HVAC energy solutions; and data center solutions consisting of mechanical and electrical engineering, electric vehicle powertrain, and robot dog power system solutions.
Further, the company is involved in production and sale of various bearings; production and sale of keypad phone systems, hostless keypad phones, and billing devices; information software, data processing, and electronic information services; manufacturing of televisions, air conditioners, and refrigerators under the Teco Electric brand; and real estate sales and leasing.
Additionally, it engages in production and sale of fiber optic electronic equipment; logistics and delivery services; real estate development and construction; and consulting services. The company was incorporated in 1956 and is headquartered in Taipei, Taiwan.
Stock analysis
TECO Electric & Machinery Co Ltd (1504) currently trades at 59.70 TWD, while our model-based Fair Value estimate is 34.73 TWD, 42% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 39.30 TWD per share, and 0 of the 24 models we run sit above the 59.70 TWD price.
Bear case: the Dividend Discount group reads lowest at 23.15 TWD, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 25.54 TWD (bear) to 45.58 TWD (bull), the price of 59.70 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
TECO Electric & Machinery Co Ltd reported revenue of 59.1B TWD in FY2025 versus 52.6B TWD in FY2021, a compound +3.0%/yr. Reported net income was 5.2B TWD in FY2025, compounding +1.1%/yr from FY2021.
Key figures
Market cap 140B TWD (≈ $4.3B) Mid · P/E ratio 21.2 · P/S ratio 2.31 · EPS (TTM) 2.82 TWD · Dividend yield 3.4% · Net margin 10.7% · Return on equity 7.6% · Return on assets (EBIT) 4.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −42%, 1504 screens cheaper than that median.
Fair Value models
Bear25.54 TWDFair Value 34.73 TWDBull45.58 TWD
Price 59.70 TWD · Downside -41.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.7009 TWD per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.2%
Start year 2020 (pandemic). Over 10 years: +2.0% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.0%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+7.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.5%
Dividend (yield on the price)3.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4.5% vs 2.6%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+26.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+13.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +25.0% a year for the price and +11.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (16 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare TECO Electric & Machinery Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 814 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside−41.8% · Below median
Profitability
Return on equity (12 months)7.6% · Above median
Return on assets3.6% · Above median
Net margin (12 months)10.7% · Above median
Operating margin (12 months)10.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)6.4% · Above median
Dividend yield (12 months)3.4% · Top 25%
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "TECO Electric & Machinery Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1504
Frequently asked questions
Is TECO Electric & Machinery Co Ltd (1504) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of 34.73 TWD versus a price of 59.70 TWD, about 42% lower (overvalued).
What is the fair value of 1504?
Our model-based fair value for TECO Electric & Machinery Co Ltd is 34.73 TWD (as of Nov 2, 2026), built from audited fundamentals. The current price: 59.70 TWD.
What is the quality score of 1504?
TECO Electric & Machinery Co Ltd has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for TECO Electric & Machinery Co Ltd (1504)?
Our model-based price target is the fair value of 34.73 TWD (as of Nov 2, 2026) from 24 valuation models. Cautious scenario 25.54 TWD, optimistic scenario 45.58 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the TECO Electric & Machinery Co Ltd stock forecast for 2026?
Our models put fair value at 34.73 TWD, about 42% lower versus a price of 59.70 TWD (overvalued). Cautious scenario 25.54 TWD, optimistic scenario 45.58 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of TECO Electric & Machinery Co Ltd (1504)?
TECO Electric & Machinery Co Ltd reported trailing-twelve-month revenue of about 60.7B TWD (latest available figure, as of Nov 2, 2026).
Does TECO Electric & Machinery Co Ltd pay a dividend?
TECO Electric & Machinery Co Ltd currently shows a dividend yield of 3.35% relative to its recent price (as of Nov 2, 2026).
How much is the dividend of TECO Electric & Machinery Co Ltd (1504) and when is the ex-dividend date?
TECO Electric & Machinery Co Ltd pays a dividend of 2.00 TWD per share a year, a dividend yield of 3.4%. The last ex-dividend date was Jun 17, 2026. A dividend has been paid every year since 2006. The payout ratio is 70.9% of earnings. Free cash flow covers the dividend 0.56 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into TECO Electric & Machinery Co Ltd (1504)?
For today's price to be fair in a discounted-cash-flow model, TECO Electric & Machinery Co Ltd would have to grow free cash flow by +26.9 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.2 % per year. As of Nov 2, 2026.
What discount rate (WACC) does the fair value of 1504 use?
Our models discount TECO Electric & Machinery Co Ltd at 9.7 %: a base by market capitalisation (mid), damped by beta 0.79, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For TECO Electric & Machinery Co Ltd that is +26.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has TECO Electric & Machinery Co Ltd (1504) delivered so far?
Over the past 5 years revenue at TECO Electric & Machinery Co Ltd grew +5.2 % a year. The price currently implies free-cash-flow growth of +26.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of TECO Electric & Machinery Co Ltd (1504) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into TECO Electric & Machinery Co Ltd (+26.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TECO Electric & Machinery Co Ltd (1504)?
The free-cash-flow yield on the price is 1.87 %: that much free cash flow TECO Electric & Machinery Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TECO Electric & Machinery Co Ltd (1504)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TECO Electric & Machinery Co Ltd it is 34.73 TWD per share (as of Nov 2, 2026), against a price of 59.70 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is TECO Electric & Machinery Co Ltd stock overvalued or undervalued in 2026?
As of Nov 2, 2026, 1504 trades above its calculated fair value: price 59.70 TWD, fair value 34.73 TWD, a gap of about −42% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1504?
No. The price is what the market pays today (59.70 TWD); the fair value is what the company's own numbers justify (34.73 TWD). For TECO Electric & Machinery Co Ltd the two are 24.97 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is TECO Electric & Machinery Co Ltd worth?
The market values TECO Electric & Machinery Co Ltd at about 140B TWD (market capitalisation, as of Nov 2, 2026). Per share that is 59.70 TWD; our models calculate a fair value of 34.73 TWD per share.
What do the bullish and bearish scenarios say about 1504?
Our models span a range for TECO Electric & Machinery Co Ltd: cautious scenario 25.54 TWD, base 34.73 TWD, optimistic 45.58 TWD per share (as of Nov 2, 2026, price 59.70 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1504?
TECO Electric & Machinery Co Ltd trades at a price-to-earnings ratio of 21.2 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 34.73 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 16.4. Other multiples: PEG 0.6, P/B 1.5, P/S 2.3, EV/EBITDA 17.0.
What is the PEG ratio of 1504?
The PEG ratio of TECO Electric & Machinery Co Ltd is 0.63 (P/E divided by earnings growth, as of Nov 2, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of TECO Electric & Machinery Co Ltd (1504)?
Balance-sheet figures for TECO Electric & Machinery Co Ltd (as of Nov 2, 2026): return on equity 7.6%, debt of 0.08 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 1504 from its 52-week high?
TECO Electric & Machinery Co Ltd trades at 59.70 TWD, about 45% below its 52-week high of 109.37 TWD and 5% above the low of 57.06 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 34.73 TWD is for.
Which stocks are comparable to TECO Electric & Machinery Co Ltd?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TECO Electric & Machinery Co Ltd stock attractive at the current price?
The data as of Nov 2, 2026: price 59.70 TWD, calculated fair value 34.73 TWD (−42%), Quality Score 54/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1504 calculated?
We run TECO Electric & Machinery Co Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 34.73 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. TECO Electric & Machinery Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of TECO Electric & Machinery Co Ltd (1504)?
The closing price on Nov 6, 2026 was 59.70 TWD. Our model-based fair value is 34.73 TWD, about 42% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TECO Electric & Machinery Co Ltd right now?
The price sits above even our optimistic bull case (45.58 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of TECO Electric & Machinery Co Ltd (1504) come from?
Earnings per share at TECO Electric & Machinery Co Ltd grew +4.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.4 %, EBIT margin +2.9 %, tax rate −0.1 %, residual (interest, one-offs) +0.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of TECO Electric & Machinery Co Ltd
How large is the market capitalisation of TECO Electric & Machinery Co Ltd (1504)?
The market capitalisation of TECO Electric & Machinery Co Ltd is 140B TWD (≈ $4.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TECO Electric & Machinery Co Ltd (1504)?
The price-to-sales ratio of TECO Electric & Machinery Co Ltd is 2.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TECO Electric & Machinery Co Ltd (1504)?
Earnings per share at TECO Electric & Machinery Co Ltd are 2.82 TWD (price ÷ EPS = P/E 21.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TECO Electric & Machinery Co Ltd (1504)?
The dividend yield of TECO Electric & Machinery Co Ltd is 3.4% (payout 70.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TECO Electric & Machinery Co Ltd (1504)?
The net margin of TECO Electric & Machinery Co Ltd is 10.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of TECO Electric & Machinery Co Ltd (1504)?
The return on equity (ROE) of TECO Electric & Machinery Co Ltd is 7.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of TECO Electric & Machinery Co Ltd (1504)?
On an EBIT basis the return on assets of TECO Electric & Machinery Co Ltd is 4.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of TECO Electric & Machinery Co Ltd (1504)?
The operating margin of TECO Electric & Machinery Co Ltd is 10.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TECO Electric & Machinery Co Ltd (1504)?
Revenue at TECO Electric & Machinery Co Ltd is growing +6.4% versus a year earlier (3y avg +0.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at TECO Electric & Machinery Co Ltd (1504)?
Earnings per share at TECO Electric & Machinery Co Ltd are growing +62.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does TECO Electric & Machinery Co Ltd (1504) hold?
TECO Electric & Machinery Co Ltd holds more cash than debt, 3.3B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 2, 2026