Zenitron Corp (3028) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of Zenitron Corp stock TWD 45.46, price TWD 58.60, that is 22.4% below the price, quality 50 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
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 1, 2026.
How to read this chart
60‑month range 21.31 TWD – 84.40 TWD · fair‑value band 34.59 TWD – 59.61 TWD · the 58.60 TWD price screens above the 45.46 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
Follow Zenitron in your weekly email
Every Wednesday you see whether Zenitron is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Zenitron Corporation, together with its subsidiaries, engages in the sale of electrical components in China, Taiwan, and internationally.
Show moreShow less
It offers semiconductor component line cards such as power supply, network communications, consumer electronics, industrial electronics, automotive electronics, AIoT, intelligent Internet of Things, handheld devices, information technology, and retail channels; agency sales products include semiconductor components, such as integrated circuits, transistors, diodes, power modules; and retail products, includes memory cards, and 3C products.
The company also offers power supply, networking, industrial electronics, consumer, and IoT solutions.
In addition, it engages in investment business; sales of computer storage devices and related components; provision of technical services, as well as turnkey solutions and design consultation services. Zenitron Corporation was incorporated in 1982 and is headquartered in Taipei, Taiwan.
Stock analysis
Zenitron Corp (3028) currently trades at 58.60 TWD, while our model-based Fair Value estimate is 45.46 TWD, 22.4% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 70.71 TWD per share, and 6 of the 17 models we run sit above the 58.60 TWD price.
Bear case: the Asset-Based group reads lowest at 19.51 TWD, and 11 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: 34.59 TWD (bear) to 59.61 TWD (bull), the price of 58.60 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 50/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Zenitron Corp reported revenue of 41.5B TWD in FY2025 versus 42.0B TWD in FY2021, a compound −0.4%/yr. Reported net income was 748M TWD in FY2025, compounding −3.9%/yr from FY2021.
Key figures
Market cap 14.9B TWD (≈ $456M) Small · P/E ratio 8.3 · P/S ratio 0.25 · EPS (TTM) 7.03 TWD · Dividend yield 5.1% · Net margin 2.9% · Return on equity 26.7% · Return on assets (EBIT) 5.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 70% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at −22%, 3028 screens richer than that median.
Fair Value models
Bear34.59 TWDFair Value 45.46 TWDBull59.61 TWD
Price 58.60 TWD · Downside -22.4%
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 (3.39 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.39/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+13.8%
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.
+3.8%
Start year 2020 (pandemic). Over 10 years: +5.8% 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.
+8.3%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+3.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.7%
Dividend (yield on the price)5.1%
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.7.4% vs 7.1%, 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.2% → 3%
2025 sits 53% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Price, fair value, quality and upside side by side.
Free, no sign-up
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). "Zenitron Corp Fair Value". https://www.fairvalue-calculator.com/stock/3028
Frequently asked questions
Is Zenitron Corp (3028) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of 45.46 TWD versus a price of 58.60 TWD, about 22% lower (overvalued).
What is the fair value of 3028?
Our model-based fair value for Zenitron Corp is 45.46 TWD (as of Nov 1, 2026), built from audited fundamentals. The current price: 58.60 TWD.
What is the quality score of 3028?
Zenitron Corp has a Quality Score of 50/100. 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 Zenitron Corp (3028)?
Our model-based price target is the fair value of 45.46 TWD (as of Nov 1, 2026) from 17 valuation models. Cautious scenario 34.59 TWD, optimistic scenario 59.61 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Zenitron Corp stock forecast for 2026?
Our models put fair value at 45.46 TWD, about 22% lower versus a price of 58.60 TWD (overvalued). Cautious scenario 34.59 TWD, optimistic scenario 59.61 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Zenitron Corp (3028)?
Zenitron Corp reported trailing-twelve-month revenue of about 59.4B TWD (latest available figure, as of Nov 1, 2026).
Does Zenitron Corp pay a dividend?
Zenitron Corp currently shows a dividend yield of 5.12% relative to its recent price (as of Nov 1, 2026).
What is the intrinsic value of Zenitron Corp (3028)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zenitron Corp it is 45.46 TWD per share (as of Nov 1, 2026), against a price of 58.60 TWD. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Zenitron Corp stock overvalued or undervalued in 2026?
As of Nov 1, 2026, 3028 trades above its calculated fair value: price 58.60 TWD, fair value 45.46 TWD, a gap of about −22% (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 3028?
No. The price is what the market pays today (58.60 TWD); the fair value is what the company's own numbers justify (45.46 TWD). For Zenitron Corp the two are 13.14 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Zenitron Corp worth?
The market values Zenitron Corp at about 14.9B TWD (market capitalisation, as of Nov 1, 2026). Per share that is 58.60 TWD; our models calculate a fair value of 45.46 TWD per share.
What do the bullish and bearish scenarios say about 3028?
Our models span a range for Zenitron Corp: cautious scenario 34.59 TWD, base 45.46 TWD, optimistic 59.61 TWD per share (as of Nov 1, 2026, price 58.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3028?
Zenitron Corp trades at a price-to-earnings ratio of 8.3 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 45.46 TWD is built from several models across several years. Other multiples: P/B 2.4, P/S 0.3, EV/EBITDA 5.1.
How solid is the balance sheet of Zenitron Corp (3028)?
Balance-sheet figures for Zenitron Corp (as of Nov 1, 2026): return on equity 26.7%. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 3028 from its 52-week high?
Zenitron Corp trades at 58.60 TWD, about 31% below its 52-week high of 84.40 TWD and 70% above the low of 34.55 TWD (as of Nov 2, 2026). Distance from the high says nothing about value: that is what the fair value of 45.46 TWD is for.
Which stocks are comparable to Zenitron Corp?
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 Zenitron Corp stock attractive at the current price?
The data as of Nov 1, 2026: price 58.60 TWD, calculated fair value 45.46 TWD (−22%), Quality Score 50/100, from 17 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 3028 calculated?
We run Zenitron Corp through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 45.46 TWD, 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 15.2 % above its aggregate fair value. Zenitron Corp 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 Zenitron Corp (3028)?
The closing price on Nov 2, 2026 was 58.60 TWD. Our model-based fair value is 45.46 TWD, about 22% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zenitron Corp right now?
Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Zenitron Corp (3028) come from?
Earnings per share at Zenitron Corp grew +4.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.4 %, EBIT margin +6.0 %, tax rate −0.6 %, residual (interest, one-offs) −3.7 %. 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 Zenitron Corp
How large is the market capitalisation of Zenitron Corp (3028)?
The market capitalisation of Zenitron Corp is 14.9B TWD (≈ $456M). 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 Zenitron Corp (3028)?
The price-to-sales ratio of Zenitron Corp is 0.25 (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 Zenitron Corp (3028)?
Earnings per share at Zenitron Corp are 7.03 TWD (price ÷ EPS = P/E 8.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zenitron Corp (3028)?
The dividend yield of Zenitron Corp is 5.1% (payout 42.7%). 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 Zenitron Corp (3028)?
The net margin of Zenitron Corp is 2.9% (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 Zenitron Corp (3028)?
The return on equity (ROE) of Zenitron Corp is 26.7% (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 Zenitron Corp (3028)?
On an EBIT basis the return on assets of Zenitron Corp is 5.0% (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 Zenitron Corp (3028)?
The operating margin of Zenitron Corp is 4.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zenitron Corp (3028)?
Revenue at Zenitron Corp is growing +90.6% 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 Zenitron Corp (3028)?
Earnings per share at Zenitron Corp are growing +17.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zenitron Corp (3028) generate?
The free cash flow of Zenitron Corp is −876M 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 debt does Zenitron Corp (3028) carry?
The net debt of Zenitron Corp is 8.6B TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Zenitron Corp in the live analysis
One click puts Zenitron Corp on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 1, 2026