Catcher Technology Co Ltd (2474) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Catcher Technology Co Ltd stock TWD 294, price TWD 184, upside +60.0%, quality 66 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 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 8, 2026.
How to read this chart
60‑month range 106.20 TWD – 247.93 TWD · fair‑value band 227.55 TWD – 357.38 TWD · the 183.50 TWD price screens below the 293.60 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Catcher Technology Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of aluminum and magnesium extrusions, alloy housings, and molds in Taiwan, China, the United States, Singapore, and internationally.
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Its products include chassis and interior mechanical components; upper case, lower case, keyboard cover, and monitor casings for notebook computers; casings for various server specifications and desktop computers; industrial computer casings and internal parts; and computer accessories, such as plugs and A/V connector casings.
The company also produces customized thin and precision-oriented communication application products, including phones and tablet PC products, as well as communication accessories, such as earphones and camera heads.
In addition, it manufactures and sells medical devices, which include precision machinery, value added injection molded parts and assemblies, and device assembly services.
Further, the company provides ventilation blades, air-power tools, automobiles, TVs, and lightning equipment; manufactures, develops, and sells, various metal products; and engages in international trading, leasing, and investing activities.
Catcher Technology Co., Ltd. was founded in 1971 and is headquartered in Tainan City, Taiwan.
Stock analysis
Catcher Technology Co Ltd (2474) currently trades at 183.50 TWD, while our model-based Fair Value estimate is 293.60 TWD, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 312.11 TWD per share, and 18 of the 25 models we run sit above the 183.50 TWD price.
Bear case: the Asset-Based group reads lowest at 57.63 TWD, and 7 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 227.55 TWD (bear) to 357.38 TWD (bull), the price of 183.50 TWD sits below 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 66/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Catcher Technology Co Ltd reported revenue of 18.7B TWD in FY2025 versus 41.1B TWD in FY2021, a compound −17.9%/yr. Reported net income was 7.1B TWD in FY2025, compounding −4.5%/yr from FY2021.
Key figures
Market cap 99.2B TWD (≈ $3.0B) Mid · P/E ratio 13.5 · P/S ratio 6.33 · EPS (TTM) 13.62 TWD · Dividend yield 3.7% · Net margin 51.9% · Return on equity 6.0% · Return on assets (EBIT) 3.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 26% 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 −38% fair-value upside, at 60%, 2474 screens cheaper than that median.
Fair Value models
Bear227.55 TWDFair Value 293.60 TWDBull357.38 TWD
Price 183.50 TWD · Upside +60.0%
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 (5.80 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.
Best data coverage
FCF DCF255.24 TWD328.50 TWD432.34 TWD82
Growth DCF260.38 TWD328.86 TWD421.95 TWD80
Owner Earnings262.35 TWD338.70 TWD446.91 TWD78
All 25 models by family
DCF Models
FCF DCF255.24 TWD328.50 TWD432.34 TWD82
Owner Earnings262.35 TWD338.70 TWD446.91 TWD78
5Y Revenue Exit181.04 TWD211.70 TWD247.71 TWD74
5Y EBITDA Exit217.65 TWD276.48 TWD341.04 TWD77
5Y P/E Exit312.45 TWD444.25 TWD575.07 TWD71
10Y Revenue Exit205.81 TWD238.22 TWD275.43 TWD68
10Y EBITDA Exit230.24 TWD281.90 TWD343.14 TWD70
10Y P/E Exit289.39 TWD395.04 TWD512.96 TWD65
Earnings-Based
Graham-Dodd95.92 TWD217.92 TWD279.15 TWD65
PEG = 1.036.04 TWD51.49 TWD66.93 TWD57
EPV115.53 TWD120.39 TWD124.65 TWD74
Dividend Discount
Gordon GGM191.06 TWD314.95 TWD458.65 TWD67
DDM Multi-Stage191.06 TWD279.87 TWD378.88 TWD67
Multiples
P/E Multiple296.23 TWD394.97 TWD493.71 TWD63
P/S Multiple151.91 TWD202.54 TWD253.18 TWD58
P/B Multiple203.62 TWD271.49 TWD339.37 TWD55
EV/EBIT72.98 TWD109.73 TWD146.49 TWD65
EV/EBITDA88.31 TWD130.18 TWD172.05 TWD66
EV/Revenue18.45 TWD42.35 TWD66.24 TWD51
Asset-Based
NCAV (Graham)38.04 TWD57.63 TWD72.04 TWD54
Growth DCF
Growth DCF260.38 TWD328.86 TWD421.95 TWD80
Rev-Margin DCF181.04 TWD214.65 TWD251.52 TWD74
Economic Profit
Residual Income218.56 TWD223.74 TWD236.78 TWD76
ROIC Compounder115.53 TWD120.39 TWD124.65 TWD72
Growth Earnings
Growth-Adj P/E218.48 TWD312.11 TWD405.74 TWD67
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
−1.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.9%
Dividend (yield on the price)3.7%
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.−4.9% vs −8.7%, picking up
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.50% → 17%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 9.5%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes more growth than the company has delivered so far and less 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).
−9.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
−0.5%
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 −11.2% a year for the price and −2.0% for the forecasts.
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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.Metal Fabrication · 259 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+60.0% · Top 25%
Profitability
Return on equity (12 months)6.0% · Above median
Return on assets3.1% · Above median
Net margin (12 months)51.9% · Top 25%
Operating margin (12 months)1.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)−47.3% · Bottom 25%
Dividend yield (12 months)3.7% · Top 25%
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
P/E (12 months)13.5× · Cheaper than median
P/B0.69× · Cheapest 25%
P/S (12 months)6.33× · Priciest 25%
Price / free cash flow (fiscal year)13.2× · Cheaper than median
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). "Catcher Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2474
Frequently asked questions
Is Catcher Technology Co Ltd (2474) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 293.60 TWD versus a price of 183.50 TWD, about +60% upside (undervalued).
What is the fair value of 2474?
Our model-based fair value for Catcher Technology Co Ltd is 293.60 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 183.50 TWD.
What is the quality score of 2474?
Catcher Technology Co Ltd has a Quality Score of 66/100. 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 Catcher Technology Co Ltd (2474)?
Our model-based price target is the fair value of 293.60 TWD (as of Nov 8, 2026) from 25 valuation models. Cautious scenario 227.55 TWD, optimistic scenario 357.38 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Catcher Technology Co Ltd stock forecast for 2026?
Our models put fair value at 293.60 TWD, about +60% upside versus a price of 183.50 TWD (undervalued). Cautious scenario 227.55 TWD, optimistic scenario 357.38 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Catcher Technology Co Ltd (2474)?
Catcher Technology Co Ltd reported trailing-twelve-month revenue of about 15.7B TWD (latest available figure, as of Nov 8, 2026).
Does Catcher Technology Co Ltd pay a dividend?
Catcher Technology Co Ltd currently shows a dividend yield of 3.73% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Catcher Technology Co Ltd (2474) and when is the ex-dividend date?
Catcher Technology Co Ltd pays a dividend of 6.84 TWD per share a year, a dividend yield of 3.7%. The last ex-dividend date was Jul 6, 2026. A dividend has been paid every year since 2003. The payout ratio is 50.2% of earnings. Free cash flow covers the dividend 2.18 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Catcher Technology Co Ltd (2474)?
For today's price to be fair in a discounted-cash-flow model, Catcher Technology Co Ltd would have to grow free cash flow by -9.8 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -25.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 2474 use?
Our models discount Catcher Technology Co Ltd at 9.0 %: a base by market capitalisation (mid), damped by beta 0.36, 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 Catcher Technology Co Ltd that is -9.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Catcher Technology Co Ltd (2474) delivered so far?
Over the past 5 years revenue at Catcher Technology Co Ltd grew -25.7 % a year. The price currently implies free-cash-flow growth of -9.8 % 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 Catcher Technology Co Ltd (2474) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Catcher Technology Co Ltd (-9.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Catcher Technology Co Ltd (2474)?
The free-cash-flow yield on the price is 7.60 %: that much free cash flow Catcher Technology Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Catcher Technology Co Ltd (2474)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Catcher Technology Co Ltd it is 293.60 TWD per share (as of Nov 8, 2026), against a price of 183.50 TWD. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Catcher Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 2474 trades below its calculated fair value: price 183.50 TWD, fair value 293.60 TWD, a gap of about +60% (undervalued). 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 2474?
No. The price is what the market pays today (183.50 TWD); the fair value is what the company's own numbers justify (293.60 TWD). For Catcher Technology Co Ltd the two are 110.10 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Catcher Technology Co Ltd worth?
The market values Catcher Technology Co Ltd at about 99.2B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 183.50 TWD; our models calculate a fair value of 293.60 TWD per share.
What do the bullish and bearish scenarios say about 2474?
Our models span a range for Catcher Technology Co Ltd: cautious scenario 227.55 TWD, base 293.60 TWD, optimistic 357.38 TWD per share (as of Nov 8, 2026, price 183.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2474?
Catcher Technology Co Ltd trades at a price-to-earnings ratio of 13.5 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 293.60 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 11.4. Other multiples: PEG 4.8, P/B 0.7, P/S 6.3, EV/EBITDA 17.1.
What is the PEG ratio of 2474?
The PEG ratio of Catcher Technology Co Ltd is 4.82 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Catcher Technology Co Ltd (2474)?
Balance-sheet figures for Catcher Technology Co Ltd (as of Nov 8, 2026): return on equity 6.0%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 2474 from its 52-week high?
Catcher Technology Co Ltd trades at 183.50 TWD, about 26% below its 52-week high of 247.93 TWD and 5% above the low of 175.13 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 293.60 TWD is for.
Which stocks are comparable to Catcher Technology Co Ltd?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, 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 Catcher Technology Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 183.50 TWD, calculated fair value 293.60 TWD (+60%), Quality Score 66/100, from 25 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 2474 calculated?
We run Catcher Technology Co Ltd through 25 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 293.60 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. Catcher Technology Co Ltd currently trades 38% below its own fair value, and the market average says nothing about that. 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 Catcher Technology Co Ltd (2474)?
The closing price on Nov 6, 2026 was 183.50 TWD. Our model-based fair value is 293.60 TWD, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Catcher Technology Co Ltd right now?
The price is below even our cautious bear case (227.55 TWD). The market is more pessimistic than our downside scenario. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Catcher Technology Co Ltd (2474) come from?
Earnings per share at Catcher Technology Co Ltd grew −6.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share −12.7 %, EBIT margin −9.4 %, tax rate +0.4 %, residual (interest, one-offs) +17.3 %. 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 Catcher Technology Co Ltd
How large is the market capitalisation of Catcher Technology Co Ltd (2474)?
The market capitalisation of Catcher Technology Co Ltd is 99.2B TWD (≈ $3.0B). 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 Catcher Technology Co Ltd (2474)?
The price-to-sales ratio of Catcher Technology Co Ltd is 6.33 (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 Catcher Technology Co Ltd (2474)?
Earnings per share at Catcher Technology Co Ltd are 13.62 TWD (price ÷ EPS = P/E 13.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Catcher Technology Co Ltd (2474)?
The dividend yield of Catcher Technology Co Ltd is 3.7% (payout 50.2%). 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 Catcher Technology Co Ltd (2474)?
The net margin of Catcher Technology Co Ltd is 51.9% (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 Catcher Technology Co Ltd (2474)?
The return on equity (ROE) of Catcher Technology Co Ltd is 6.0% (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 Catcher Technology Co Ltd (2474)?
On an EBIT basis the return on assets of Catcher Technology Co Ltd is 3.1% (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 Catcher Technology Co Ltd (2474)?
The operating margin of Catcher Technology Co Ltd is 1.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Catcher Technology Co Ltd (2474)?
Revenue at Catcher Technology Co Ltd is growing −47.3% versus a year earlier. 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 Catcher Technology Co Ltd (2474)?
Earnings per share at Catcher Technology Co Ltd are growing −40.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Catcher Technology Co Ltd (2474) carry?
The net debt of Catcher Technology Co Ltd is 18.9B TWD (fiscal year 2025, ≈ 2.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026