WPG Holdings Ltd (3702) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of WPG Holdings Ltd stock TWD 144, price TWD 90.20, upside +59.7%, quality 61 out of 100. Rating: strongly undervalued. 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 8, 2026.
How to read this chart
60‑month range 40.52 TWD – 130.00 TWD · fair‑value band 92.93 TWD – 198.81 TWD · the 90.20 TWD price screens below the 144.03 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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WPG Holdings Limited, together with its subsidiaries, operates as a semiconductor components distributor in Taiwan, Mainland China, and internationally.
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It operates through World Peace Industrial Subgroup, Pingjiazi Group Co., Quandingzi Group Co., Yosun Subgroup, Trigold Group Co., and Others segments.
The company distributes electronic components, such as analog and mixed-signal components, discrete and logic components, memory components, passive components, optical components, and electromagnetic and connector components.
It also provides procurement, built-to-order, integrated, online, logistics and cross-border, virtual managed inventory systems, and financial support services.
In addition, the company engages in the agency and distribution of computer hardware and software, and information products; distribution of electronic products; general investment; general trade; smart warehousing value-added services; import and export trade of electronic materials and components; information services; operation of indoor children's playground; and B2C and O2O e-commerce businesses.
Its products are used in automotive, computer, industrial, consumer, communication, and IoT applications. WPG Holdings Limited was founded in 1980 and is headquartered in Taipei, Taiwan.
Stock analysis
WPG Holdings Ltd (3702) currently trades at 90.20 TWD, while our model-based Fair Value estimate is 144.03 TWD, implying the stock looks roughly 37% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 304.58 TWD per share, and 18 of the 26 models we run sit above the 90.20 TWD price.
Bear case: the Asset-Based group reads lowest at 21.10 TWD, and 8 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 92.93 TWD (bear) to 198.81 TWD (bull), the price of 90.20 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 61/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
WPG Holdings Ltd reported revenue of 999B TWD in FY2025 versus 779B TWD in FY2021, a compound +6.4%/yr. Reported net income was 10.1B TWD in FY2025, compounding −3.2%/yr from FY2021.
Key figures
Market cap 156B TWD (≈ $4.8B) Mid · P/E ratio 7.8 · P/S ratio 0.12 · EPS (TTM) 11.57 TWD · Dividend yield 4.2% · Net margin 1.6% · Return on equity 24.7% · Return on assets (EBIT) 4.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 58% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at 60%, 3702 screens cheaper than that median.
Fair Value models
Bear92.93 TWDFair Value 144.03 TWDBull198.81 TWD
Price 90.20 TWD · Upside +59.7%
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 (6.64 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.82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.5%
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.
+8.8%
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.
+10.4%
Start year 2020 (pandemic). Over 10 years: +6.8% a year
Revenue growth 20 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.
+22.0%
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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.
+6.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.7%
Dividend (yield on the price)4.2%
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.2.7% vs 5.4%, 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% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−0.4%
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.
+15.0%
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 −2.0% a year for the price and +13.2% for the forecasts.
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.Electronics & Computer Distribution · 150 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+59.7% · Top 25%
Profitability
Return on equity (12 months)24.7% · Top 25%
Return on assets2.5% · Below median
Net margin (12 months)1.6% · Below median
Operating margin (12 months)2.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)82.2% · Top 25%
Dividend yield (12 months)4.2% · Above median
Balance sheet
Debt / equity0.43× · Highest 25%
Valuation Multiplesvs Electronics & Computer Distribution 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.
Is WPG Holdings Ltd (3702) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 144.03 TWD versus a price of 90.20 TWD, about +60% upside (undervalued).
What is the fair value of 3702?
Our model-based fair value for WPG Holdings Ltd is 144.03 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 90.20 TWD.
What is the quality score of 3702?
WPG Holdings Ltd has a Quality Score of 61/100. 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 WPG Holdings Ltd (3702)?
Our model-based price target is the fair value of 144.03 TWD (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 92.93 TWD, optimistic scenario 198.81 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the WPG Holdings Ltd stock forecast for 2026?
Our models put fair value at 144.03 TWD, about +60% upside versus a price of 90.20 TWD (undervalued). Cautious scenario 92.93 TWD, optimistic scenario 198.81 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of WPG Holdings Ltd (3702)?
WPG Holdings Ltd reported trailing-twelve-month revenue of about 1.3T TWD (latest available figure, as of Nov 8, 2026).
Does WPG Holdings Ltd pay a dividend?
WPG Holdings Ltd currently shows a dividend yield of 4.21% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of WPG Holdings Ltd (3702) and when is the ex-dividend date?
WPG Holdings Ltd pays a dividend of 3.80 TWD per share a year, a dividend yield of 4.2%. The last ex-dividend date was Aug 27, 2026. The payout ratio is 32.8% of earnings. Free cash flow covers the dividend 3.33 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 WPG Holdings Ltd (3702)?
For today's price to be fair in a discounted-cash-flow model, WPG Holdings Ltd would have to grow free cash flow by -0.4 % 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 +10.4 % 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 8, 2026.
What discount rate (WACC) does the fair value of 3702 use?
Our models discount WPG Holdings Ltd at 9.0 %: a base by market capitalisation (mid), damped by beta 0.05, 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 WPG Holdings Ltd that is -0.4 % 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 WPG Holdings Ltd (3702) delivered so far?
Over the past 5 years revenue at WPG Holdings Ltd grew +10.4 % a year. The price currently implies free-cash-flow growth of -0.4 % 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 WPG Holdings Ltd (3702) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into WPG Holdings Ltd (-0.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of WPG Holdings Ltd (3702)?
The free-cash-flow yield on the price is 14.15 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow WPG Holdings 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 WPG Holdings Ltd (3702)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WPG Holdings Ltd it is 144.03 TWD per share (as of Nov 8, 2026), against a price of 90.20 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 WPG Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 3702 trades below its calculated fair value: price 90.20 TWD, fair value 144.03 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 3702?
No. The price is what the market pays today (90.20 TWD); the fair value is what the company's own numbers justify (144.03 TWD). For WPG Holdings Ltd the two are 53.83 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is WPG Holdings Ltd worth?
The market values WPG Holdings Ltd at about 156B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 90.20 TWD; our models calculate a fair value of 144.03 TWD per share.
What do the bullish and bearish scenarios say about 3702?
Our models span a range for WPG Holdings Ltd: cautious scenario 92.93 TWD, base 144.03 TWD, optimistic 198.81 TWD per share (as of Nov 8, 2026, price 90.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3702?
WPG Holdings Ltd trades at a price-to-earnings ratio of 7.8 (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 144.03 TWD is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings, FY2025 ex one-offs: 9.5. Other multiples: PEG 1.1, P/B 1.9, P/S 0.1, EV/EBITDA 5.3.
What is the PEG ratio of 3702?
The PEG ratio of WPG Holdings Ltd is 1.09 (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 WPG Holdings Ltd (3702)?
Balance-sheet figures for WPG Holdings Ltd (as of Nov 8, 2026): return on equity 24.7%, debt of 0.43 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 3702 from its 52-week high?
WPG Holdings Ltd trades at 90.20 TWD, about 31% below its 52-week high of 130.00 TWD and 58% above the low of 57.20 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 144.03 TWD is for.
Which stocks are comparable to WPG Holdings Ltd?
From the same area (Technology) we also value TD SYNNEX Corporation, Rexel S.A, Unisplendour Corporation, Arrow 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 WPG Holdings Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 90.20 TWD, calculated fair value 144.03 TWD (+60%), Quality Score 61/100, 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 3702 calculated?
We run WPG Holdings 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 144.03 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. WPG Holdings Ltd currently trades 37% 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 WPG Holdings Ltd (3702)?
The closing price on Nov 6, 2026 was 90.20 TWD. Our model-based fair value is 144.03 TWD, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WPG Holdings Ltd right now?
The price is below even our cautious bear case (92.93 TWD). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (92.93 TWD to 198.81 TWD) leaves room in how you read the outcome.
Where does the earnings growth of WPG Holdings Ltd (3702) come from?
Earnings per share at WPG Holdings Ltd grew +4.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.4 %, EBIT margin +1.0 %, tax rate −0.1 %, residual (interest, one-offs) −1.9 %. 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 WPG Holdings Ltd
How large is the market capitalisation of WPG Holdings Ltd (3702)?
The market capitalisation of WPG Holdings Ltd is 156B TWD (≈ $4.8B). 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 WPG Holdings Ltd (3702)?
The price-to-sales ratio of WPG Holdings Ltd is 0.12 (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 WPG Holdings Ltd (3702)?
Earnings per share at WPG Holdings Ltd are 11.57 TWD (price ÷ EPS = P/E 7.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of WPG Holdings Ltd (3702)?
The dividend yield of WPG Holdings Ltd is 4.2% (payout 32.8%). 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 WPG Holdings Ltd (3702)?
The net margin of WPG Holdings Ltd is 1.6% (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 WPG Holdings Ltd (3702)?
The return on equity (ROE) of WPG Holdings Ltd is 24.7% (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 WPG Holdings Ltd (3702)?
On an EBIT basis the return on assets of WPG Holdings 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 WPG Holdings Ltd (3702)?
The operating margin of WPG Holdings Ltd is 2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WPG Holdings Ltd (3702)?
Revenue at WPG Holdings Ltd is growing +82.2% versus a year earlier (3y avg +8.8%). 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 WPG Holdings Ltd (3702)?
Earnings per share at WPG Holdings Ltd are growing +382% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does WPG Holdings Ltd (3702) carry?
The net debt of WPG Holdings Ltd is 130B TWD (fiscal year 2025, ≈ 5.9 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