Sinbon Electronics Co Ltd (3023) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Sinbon Electronics Co Ltd stock TWD 250, price TWD 258, that is 3.0% below the price, quality 66 out of 100. Rating: fairly valued. Calculated from audited financials with 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 9, 2026.
How to read this chart
60‑month range 186.50 TWD – 377.00 TWD · fair‑value band 174.82 TWD – 354.75 TWD · the 257.50 TWD price screens above the 249.75 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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SINBON Electronics Co., Ltd. manufactures and sells computer peripherals, connectors, wires, and other parts in Mainland China, Hong Kong, the United States, Taiwan, and internationally.
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The company operates through Green Energy, Industrial Application, Medical Health, Automotive & Aviation, and Communication segments.
The Green Energy segment develops, manufactures, and sells cable assembly and control modules for green energy industries, such as solar photovoltaic, wind power and offshore wind power.
Its Industrial Application segment develops, manufactures, and sells industrial application products comprising robot arm control cable assemblies, control cabinet cable assemblies, and panel connection cables.
The Medical Health segment develops, manufactures, and sells medical equipment cables, including electrocardiographs, oximeters, and X-ray wiring harnesses.
Its Automotive & Aviation segment develops, manufactures, and sells electric vehicle charging guns and charging piles, automotive oxygen sensors, and parking-related equipment cables.
The Communication segment develops, manufactures, and sells communication related cables, such as smart phones, smart wearable devices and VR /AR HMD devices.
The company also engages in the logistics, renewable energy investment management consulting, and new energy technology development businesses; and sale of electronic materials. SINBON Electronics Co., Ltd. was incorporated in 1989 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Sinbon Electronics Co Ltd (3023) currently trades at 257.50 TWD, while our model-based Fair Value estimate is 249.75 TWD, so the stock looks roughly fairly valued today (gap 3.1%).
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Valuation
Bull case: the Multiples group reads highest at a median of 281.82 TWD per share, and 10 of the 26 models we run sit above the 257.50 TWD price.
Bear case: the Asset-Based group reads lowest at 41.74 TWD, and 16 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 174.82 TWD (bear) to 354.75 TWD (bull), the price of 257.50 TWD sits inside 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 Technology sector.
Mixed Growth: Spin-off in 2016: revenue and profit before it include the divested business. Growth is measured afresh from 2016.
Sinbon Electronics Co Ltd reported revenue of 31.0B TWD in FY2025 versus 25.5B TWD in FY2021, a compound +5.0%/yr. Reported net income was 3.1B TWD in FY2025, compounding +7.6%/yr from FY2021.
Key figures
Market cap 61.9B TWD (≈ $1.9B) Small · P/E ratio 19.2 · P/S ratio 1.79 · EPS (TTM) 13.38 TWD · Dividend yield 3.9% · Net margin 9.8% · Return on equity 20.5% · Return on assets (EBIT) 11.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 38% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −3%, 3023 screens cheaper than that median.
Fair Value models
Bear174.82 TWDFair Value 249.75 TWDBull354.75 TWD
Price 257.50 TWD · Downside -3.0%
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 (2.90 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.55/100
Spin-off in 2016: revenue and profit before it include the divested business. Growth is measured afresh from 2016.
Revenue growth 1 year
−6.2%
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.
+0.5%
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.
+7.3%
Start year 2020 (pandemic)
Revenue growth 9 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.
+10.2%
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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.
+11.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.2%
Dividend (yield on the price)3.9%
Per share before 2016divided by the spin-off factor 1.03
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.7.2% vs 11.7%, 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.13% → 11%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what 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).
+10.9%
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.
+12.0%
Yearly sales growth analysts expect, extended to five years.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +9.2% a year for the price and +10.3% 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.Electronic Components · 653 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−3.0% · Above median
Profitability
Return on equity (12 months)20.5% · Top 25%
Return on assets9.8% · Top 25%
Net margin (12 months)9.8% · Above median
Operating margin (12 months)9.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)28.4% · Above median
Dividend yield (12 months)3.9% · Top 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)19.2× · Cheaper than median
P/B3.82× · Priciest 25%
P/S (12 months)1.79× · Cheaper than median
Price / free cash flow (fiscal year)24.8× · 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). "Sinbon Electronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3023
Frequently asked questions
Is Sinbon Electronics Co Ltd (3023) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 249.75 TWD versus a price of 257.50 TWD, about 3% lower (fairly valued).
What is the fair value of 3023?
Our model-based fair value for Sinbon Electronics Co Ltd is 249.75 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 257.50 TWD.
What is the quality score of 3023?
Sinbon Electronics 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 Sinbon Electronics Co Ltd (3023)?
Our model-based price target is the fair value of 249.75 TWD (as of Nov 9, 2026) from 26 valuation models. Cautious scenario 174.82 TWD, optimistic scenario 354.75 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Sinbon Electronics Co Ltd stock forecast for 2026?
Our models put fair value at 249.75 TWD, about 3% lower versus a price of 257.50 TWD (fairly valued). Cautious scenario 174.82 TWD, optimistic scenario 354.75 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Sinbon Electronics Co Ltd (3023)?
Sinbon Electronics Co Ltd reported trailing-twelve-month revenue of about 34.6B TWD (latest available figure, as of Nov 9, 2026).
Does Sinbon Electronics Co Ltd pay a dividend?
Sinbon Electronics Co Ltd currently shows a dividend yield of 3.88% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Sinbon Electronics Co Ltd (3023) and when is the ex-dividend date?
Sinbon Electronics Co Ltd pays a dividend of 10.00 TWD per share a year, a dividend yield of 3.9%. The last ex-dividend date was Aug 10, 2026. The payout ratio is 74.7% of earnings. Free cash flow covers the dividend 1.04 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Sinbon Electronics Co Ltd (3023)?
For today's price to be fair in a discounted-cash-flow model, Sinbon Electronics Co Ltd would have to grow free cash flow by +10.9 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.3 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 3023 use?
Our models discount Sinbon Electronics Co Ltd at 9.1 %: a base by market capitalisation (mid), damped by beta 0.53, 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 Sinbon Electronics Co Ltd that is +10.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Sinbon Electronics Co Ltd (3023) delivered so far?
Over the past 5 years revenue at Sinbon Electronics Co Ltd grew +7.3 % a year. The price currently implies free-cash-flow growth of +10.9 % 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 Sinbon Electronics Co Ltd (3023) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Sinbon Electronics Co Ltd (+10.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sinbon Electronics Co Ltd (3023)?
The free-cash-flow yield on the price is 4.04 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Sinbon Electronics Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sinbon Electronics Co Ltd (3023)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sinbon Electronics Co Ltd it is 249.75 TWD per share (as of Nov 9, 2026), against a price of 257.50 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sinbon Electronics Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 3023 trades above its calculated fair value: price 257.50 TWD, fair value 249.75 TWD, a gap of about −3% (fairly valued). 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 3023?
No. The price is what the market pays today (257.50 TWD); the fair value is what the company's own numbers justify (249.75 TWD). For Sinbon Electronics Co Ltd the two are 7.75 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Sinbon Electronics Co Ltd worth?
The market values Sinbon Electronics Co Ltd at about 61.9B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 257.50 TWD; our models calculate a fair value of 249.75 TWD per share.
What do the bullish and bearish scenarios say about 3023?
Our models span a range for Sinbon Electronics Co Ltd: cautious scenario 174.82 TWD, base 249.75 TWD, optimistic 354.75 TWD per share (as of Nov 9, 2026, price 257.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3023?
Sinbon Electronics Co Ltd trades at a price-to-earnings ratio of 19.2 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 249.75 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: 17.4. Other multiples: P/B 3.8, P/S 1.8, EV/EBITDA 13.7.
How solid is the balance sheet of Sinbon Electronics Co Ltd (3023)?
Balance-sheet figures for Sinbon Electronics Co Ltd (as of Nov 9, 2026): return on equity 20.5%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 3023 from its 52-week high?
Sinbon Electronics Co Ltd trades at 257.50 TWD, about 24% below its 52-week high of 340.00 TWD and 38% above the low of 186.50 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 249.75 TWD is for.
Which stocks are comparable to Sinbon Electronics Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, 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 Sinbon Electronics Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 257.50 TWD, calculated fair value 249.75 TWD (−3%), Quality Score 66/100, from 26 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 3023 calculated?
We run Sinbon Electronics Co Ltd through 26 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 249.75 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. Sinbon Electronics 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 Sinbon Electronics Co Ltd (3023)?
The closing price on Nov 9, 2026 was 257.50 TWD. Our model-based fair value is 249.75 TWD, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sinbon Electronics Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (174.82 TWD to 354.75 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Sinbon Electronics Co Ltd (3023) come from?
Earnings per share at Sinbon Electronics Co Ltd grew +13.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.3 %, EBIT margin +2.2 %, tax rate +0.9 %, residual (interest, one-offs) −0.3 %. 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 Sinbon Electronics Co Ltd
How large is the market capitalisation of Sinbon Electronics Co Ltd (3023)?
The market capitalisation of Sinbon Electronics Co Ltd is 61.9B TWD (≈ $1.9B). 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 Sinbon Electronics Co Ltd (3023)?
The price-to-sales ratio of Sinbon Electronics Co Ltd is 1.79 (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 Sinbon Electronics Co Ltd (3023)?
Earnings per share at Sinbon Electronics Co Ltd are 13.38 TWD (price ÷ EPS = P/E 19.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sinbon Electronics Co Ltd (3023)?
The dividend yield of Sinbon Electronics Co Ltd is 3.9% (payout 74.7%). 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 Sinbon Electronics Co Ltd (3023)?
The net margin of Sinbon Electronics Co Ltd is 9.8% (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 Sinbon Electronics Co Ltd (3023)?
The return on equity (ROE) of Sinbon Electronics Co Ltd is 20.5% (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 Sinbon Electronics Co Ltd (3023)?
On an EBIT basis the return on assets of Sinbon Electronics Co Ltd is 11.8% (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 Sinbon Electronics Co Ltd (3023)?
The operating margin of Sinbon Electronics Co Ltd is 9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sinbon Electronics Co Ltd (3023)?
Revenue at Sinbon Electronics Co Ltd is growing +28.4% versus a year earlier (3y avg +0.5%). 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 Sinbon Electronics Co Ltd (3023)?
Earnings per share at Sinbon Electronics Co Ltd are growing +25.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sinbon Electronics Co Ltd (3023) hold?
Sinbon Electronics Co Ltd holds more cash than debt, 1.8B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 9, 2026