Rectron Ltd (2302) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Rectron Ltd stock TWD 7.02, price TWD 38.40, that is 81.7% below the price, quality 55 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 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 7, 2026.
How to read this chart
60‑month range 12.86 TWD – 55.40 TWD · fair‑value band 7.02 TWD – 7.18 TWD · the 38.40 TWD price screens above the 7.02 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Rectron Limited manufactures and sells discrete semiconductors in Taiwan, rest of Asia, the United States, Europe, and internationally.
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Its products include bridge rectifiers, ESD diodes, high voltage and MOSFET products, recovery rectifiers, Schottky diodes, signal-switching diodes, silicon carbide Schottky products, standard rectifiers, transistors, TVS and Zener diodes, and other products.
The company also offers manufactures and sells and medical equipment. In addition, it engages in the real estate rental and wine trading businesses. Rectron Limited was founded in 1976 and is based in New Taipei City, Taiwan.
Stock analysis
Rectron Ltd (2302) currently trades at 38.40 TWD, while our model-based Fair Value estimate is 7.02 TWD, 82% 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 15.23 TWD per share, and 0 of the 14 models we run sit above the 38.40 TWD price.
Bear case: the Asset-Based group reads lowest at 1.35 TWD, and 14 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: 7.02 TWD (bear) to 7.18 TWD (bull), the price of 38.40 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 55/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Rectron Ltd reported revenue of 846M TWD in FY2025 versus 746M TWD in FY2021, a compound +3.2%/yr. Reported net income was 81.9M TWD in FY2025, compounding −0.9%/yr from FY2021.
Key figures
Market cap 6.4B TWD (≈ $195M) Micro · P/E ratio 35.9 · P/S ratio 6.82 · EPS (TTM) 1.07 TWD · Dividend yield 0.9% · Net margin 19.0% · Return on equity 10.0% · Return on assets (EBIT) 4.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 130% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −82%, 2302 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (1.35 TWD to 20.98 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear7.02 TWDFair Value 7.02 TWDBull7.18 TWD
Price 38.40 TWD · Downside -81.7%
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 (0.6174 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.29/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.7%
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.
−1.2%
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.
+2.2%
Start year 2020 (pandemic). Over 10 years: +5.2% a year
Revenue growth 23 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.
−2.1%
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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.
+0.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.8%
Dividend (yield on the price)0.9%
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.−0.8% vs 19.4%, slowing
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.15% → 14%
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.Semiconductor Equipment & Materials · 235 stocks
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). "Rectron Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2302
Frequently asked questions
Is Rectron Ltd (2302) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 7.02 TWD versus a price of 38.40 TWD, about 82% lower (overvalued).
What is the fair value of 2302?
Our model-based fair value for Rectron Ltd is 7.02 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 38.40 TWD.
What is the quality score of 2302?
Rectron Ltd has a Quality Score of 55/100. 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 Rectron Ltd (2302)?
Our model-based price target is the fair value of 7.02 TWD (as of Nov 7, 2026) from 14 valuation models. Cautious scenario 7.02 TWD, optimistic scenario 7.18 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Rectron Ltd stock forecast for 2026?
Our models put fair value at 7.02 TWD, about 82% lower versus a price of 38.40 TWD (overvalued). Cautious scenario 7.02 TWD, optimistic scenario 7.18 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Rectron Ltd (2302)?
Rectron Ltd reported trailing-twelve-month revenue of about 937M TWD (latest available figure, as of Nov 7, 2026).
Does Rectron Ltd pay a dividend?
Rectron Ltd currently shows a dividend yield of 0.91% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Rectron Ltd (2302) and when is the ex-dividend date?
Rectron Ltd pays a dividend of 0.35 TWD per share a year, a dividend yield of 0.9%. The last ex-dividend date was Jul 1, 2026. A dividend has been paid every year since 2021. The payout ratio is 32.7% of earnings. Our assessment: Token dividend. At a yield of 0.9% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.9% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Rectron Ltd (2302)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Rectron Ltd it is 7.02 TWD per share (as of Nov 7, 2026), against a price of 38.40 TWD. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Rectron Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 2302 trades above its calculated fair value: price 38.40 TWD, fair value 7.02 TWD, a gap of about −82% (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 2302?
No. The price is what the market pays today (38.40 TWD); the fair value is what the company's own numbers justify (7.02 TWD). For Rectron Ltd the two are 31.38 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Rectron Ltd worth?
The market values Rectron Ltd at about 6.4B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 38.40 TWD; our models calculate a fair value of 7.02 TWD per share.
What do the bullish and bearish scenarios say about 2302?
Our models span a range for Rectron Ltd: cautious scenario 7.02 TWD, base 7.02 TWD, optimistic 7.18 TWD per share (as of Nov 7, 2026, price 38.40 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2302?
Rectron Ltd trades at a price-to-earnings ratio of 35.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 7.02 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 35.9. Other multiples: P/B 3.5, P/S 6.8, EV/EBITDA 35.4.
How solid is the balance sheet of Rectron Ltd (2302)?
Balance-sheet figures for Rectron Ltd (as of Nov 7, 2026): return on equity 10.0%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 2302 from its 52-week high?
Rectron Ltd trades at 38.40 TWD, about 31% below its 52-week high of 55.40 TWD and 130% above the low of 16.68 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 7.02 TWD is for.
Which stocks are comparable to Rectron Ltd?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA 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 Rectron Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 38.40 TWD, calculated fair value 7.02 TWD (−82%), Quality Score 55/100, from 14 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 2302 calculated?
We run Rectron Ltd through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 7.02 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 13.3% above its aggregate fair value. Rectron 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 Rectron Ltd (2302)?
The closing price on Nov 9, 2026 was 38.40 TWD. Our model-based fair value is 7.02 TWD, about 82% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Rectron Ltd right now?
The price sits above even our optimistic bull case (7.18 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (7.02 TWD to 7.18 TWD), unusually little disagreement for a valuation.
Key figures of Rectron Ltd
How large is the market capitalisation of Rectron Ltd (2302)?
The market capitalisation of Rectron Ltd is 6.4B TWD (≈ $195M). 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 Rectron Ltd (2302)?
The price-to-sales ratio of Rectron Ltd is 6.82 (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 Rectron Ltd (2302)?
Earnings per share at Rectron Ltd are 1.07 TWD (price ÷ EPS = P/E 35.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Rectron Ltd (2302)?
The dividend yield of Rectron Ltd is 0.9% (payout 32.7%). 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 Rectron Ltd (2302)?
The net margin of Rectron Ltd is 19.0% (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 Rectron Ltd (2302)?
The return on equity (ROE) of Rectron Ltd is 10.0% (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 Rectron Ltd (2302)?
On an EBIT basis the return on assets of Rectron Ltd is 4.9% (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 Rectron Ltd (2302)?
The operating margin of Rectron Ltd is 19.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Rectron Ltd (2302)?
Revenue at Rectron Ltd is growing +31.4% versus a year earlier (3y avg −1.2%). 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 Rectron Ltd (2302)?
Earnings per share at Rectron Ltd are growing +411% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Rectron Ltd (2302) generate?
The free cash flow of Rectron Ltd is −113M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Rectron Ltd (2302) hold?
Rectron Ltd holds more cash than debt, 444M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 7, 2026