Trigold Holdings Ltd (3709) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Trigold Holdings Ltd stock TWD 74.72, price TWD 55.50, upside +34.6%, quality 25 out of 100. Rating: undervalued. Calculated from audited financials with 9 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 6, 2026.
How to read this chart
60‑month range 19.10 TWD – 92.90 TWD · fair‑value band 52.56 TWD – 93.41 TWD · the 55.50 TWD price screens below the 74.72 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Trigold Holdings Limited, through its subsidiaries, engages in the agency and distribution of computer peripheral equipment and electronic components in Taiwan and Mainland China.
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The company operates through Computer Peripheral Sales " Taiwan; computer peripheral sales - Hong Kong; and Others segments. It is also involved in the B2C and O2O businesses; and operates indoor playground for kids. The company was founded in 2017 and is headquartered in Taipei, Taiwan.
Trigold Holdings Limited is a subsidiary of WPG Holdings Limited.
Stock analysis
Trigold Holdings Ltd (3709) currently trades at 55.50 TWD, while our model-based Fair Value estimate is 74.72 TWD, implying the stock looks roughly 26% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 224.37 TWD per share, and 4 of the 9 models we run sit above the 55.50 TWD price.
Bear case: the Dividend Discount group reads lowest at 10.95 TWD, and 5 of the 9 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 52.56 TWD (bear) to 93.41 TWD (bull), the price of 55.50 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 25/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Trigold Holdings Ltd reported revenue of 41.0B TWD in FY2025 versus 18.8B TWD in FY2021, a compound +21.4%/yr. Reported net income was 849M TWD in FY2025, compounding +21.3%/yr from FY2021.
Key figures
Market cap 6.9B TWD (≈ $210M) Micro · P/E ratio 4.9 · P/S ratio 0.15 · EPS (TTM) 11.30 TWD · Dividend yield 4.5% · Net margin 3.0% · Return on equity 39.9% · Return on assets (EBIT) 4.4% (5-year average).
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 40% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at 35%, 3709 screens cheaper than that median.
Fair Value models
Bear52.56 TWDFair Value 74.72 TWDBull93.41 TWD
Price 55.50 TWD · Upside +34.6%
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 (7.55 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
Owner Earnings61.84 TWD106.95 TWD184.05 TWD74
Residual Income33.59 TWD47.86 TWD85.43 TWD72
Gordon GGM6.79 TWD11.20 TWD14.37 TWD68
All 9 models by family
DCF Models
Owner Earnings61.84 TWD106.95 TWD184.05 TWD74
Earnings-Based
Graham-Dodd45.98 TWD315.92 TWD443.07 TWD63
Lynch FV92.97 TWD132.81 TWD172.65 TWD61
Dividend Discount
Gordon GGM6.79 TWD11.20 TWD14.37 TWD68
DDM Multi-Stage6.79 TWD10.70 TWD12.06 TWD67
Multiples
P/E Multiple65.93 TWD87.91 TWD109.89 TWD63
P/B Multiple30.43 TWD40.57 TWD50.71 TWD55
Asset-Based
NCAV (Graham)16.70 TWD25.30 TWD31.62 TWD54
Economic Profit
Residual Income33.59 TWD47.86 TWD85.43 TWD72
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+44.3%
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.
+26.2%
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.
+16.9%
Start year 2020 (pandemic). Over 10 years: +13.0% a year
Revenue growth 11 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.
+12.9%
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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.
+14.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.8%
Dividend (yield on the price)4.5%
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 256% 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.
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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 · 149 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score25 · Bottom 25%
Fair Value upside+34.6% · Above median
Profitability
Return on equity (12 months)39.9% · Top 25%
Return on assets2.7% · Below median
Net margin (12 months)3.0% · Above median
Operating margin (12 months)3.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)30.2% · Above median
Dividend yield (12 months)4.5% · Above median
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
P/E (12 months)4.9× · Cheapest 25%
P/B1.89× · Pricier than median
P/S (12 months)0.15× · Cheapest 25%
EV/EBITDA2.6× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)79· sector 39
FUTURE (revenue growth)100· sector 76
PAST (return on equity)100· sector 41
HEALTH (low debt)–
DIVIDEND (yield)90· sector 62
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
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 Trigold Holdings Ltd (3709) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 74.72 TWD versus a price of 55.50 TWD, about +35% upside (undervalued).
What is the fair value of 3709?
Our model-based fair value for Trigold Holdings Ltd is 74.72 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 55.50 TWD.
What is the quality score of 3709?
Trigold Holdings Ltd has a Quality Score of 25/100. 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 Trigold Holdings Ltd (3709)?
Our model-based price target is the fair value of 74.72 TWD (as of Nov 6, 2026) from 9 valuation models. Cautious scenario 52.56 TWD, optimistic scenario 93.41 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Trigold Holdings Ltd stock forecast for 2026?
Our models put fair value at 74.72 TWD, about +35% upside versus a price of 55.50 TWD (undervalued). Cautious scenario 52.56 TWD, optimistic scenario 93.41 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Trigold Holdings Ltd (3709)?
Trigold Holdings Ltd reported trailing-twelve-month revenue of about 47.6B TWD (latest available figure, as of Nov 6, 2026).
Does Trigold Holdings Ltd pay a dividend?
Trigold Holdings Ltd currently shows a dividend yield of 4.50% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Trigold Holdings Ltd (3709) and when is the ex-dividend date?
Trigold Holdings Ltd pays a dividend of 2.50 TWD per share a year, a dividend yield of 4.5%. The last ex-dividend date was Aug 10, 2026. A dividend has been paid every year since at least 2018. The payout ratio is 22.1% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Trigold Holdings Ltd (3709)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Trigold Holdings Ltd it is 74.72 TWD per share (as of Nov 6, 2026), against a price of 55.50 TWD. It is the blended result of 9 valuation models in 6 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Trigold Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 3709 trades below its calculated fair value: price 55.50 TWD, fair value 74.72 TWD, a gap of about +35% (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 3709?
No. The price is what the market pays today (55.50 TWD); the fair value is what the company's own numbers justify (74.72 TWD). For Trigold Holdings Ltd the two are 19.22 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Trigold Holdings Ltd worth?
The market values Trigold Holdings Ltd at about 6.9B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 55.50 TWD; our models calculate a fair value of 74.72 TWD per share.
What do the bullish and bearish scenarios say about 3709?
Our models span a range for Trigold Holdings Ltd: cautious scenario 52.56 TWD, base 74.72 TWD, optimistic 93.41 TWD per share (as of Nov 6, 2026, price 55.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3709?
Trigold Holdings Ltd trades at a price-to-earnings ratio of 4.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 74.72 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 12.3. Other multiples: P/B 1.9, P/S 0.1, EV/EBITDA 2.6.
How solid is the balance sheet of Trigold Holdings Ltd (3709)?
Balance-sheet figures for Trigold Holdings Ltd (as of Nov 6, 2026): return on equity 39.9%. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is 3709 from its 52-week high?
Trigold Holdings Ltd trades at 55.50 TWD, about 40% below its 52-week high of 92.90 TWD and 18% above the low of 46.90 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 74.72 TWD is for.
Which stocks are comparable to Trigold Holdings Ltd?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Arrow Electronics, Inc, Avnet, 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 Trigold Holdings Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 55.50 TWD, calculated fair value 74.72 TWD (+35%), Quality Score 25/100, from 9 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 3709 calculated?
We run Trigold Holdings Ltd through 9 models from 6 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 74.72 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. Trigold Holdings Ltd currently trades 26% 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 Trigold Holdings Ltd (3709)?
The closing price on Nov 6, 2026 was 55.50 TWD. Our model-based fair value is 74.72 TWD, about +35% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Trigold Holdings Ltd right now?
The large discount to fair value meets weak quality (25/100). That raises the risk this is a value trap rather than a bargain. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Trigold Holdings Ltd
How large is the market capitalisation of Trigold Holdings Ltd (3709)?
The market capitalisation of Trigold Holdings Ltd is 6.9B TWD (≈ $210M). 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 Trigold Holdings Ltd (3709)?
The price-to-sales ratio of Trigold Holdings Ltd is 0.15 (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 Trigold Holdings Ltd (3709)?
Earnings per share at Trigold Holdings Ltd are 11.30 TWD (price ÷ EPS = P/E 4.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Trigold Holdings Ltd (3709)?
The dividend yield of Trigold Holdings Ltd is 4.5% (payout 22.1%). 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 Trigold Holdings Ltd (3709)?
The net margin of Trigold Holdings Ltd is 3.0% (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 Trigold Holdings Ltd (3709)?
The return on equity (ROE) of Trigold Holdings Ltd is 39.9% (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 Trigold Holdings Ltd (3709)?
On an EBIT basis the return on assets of Trigold Holdings Ltd is 4.4% (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 Trigold Holdings Ltd (3709)?
The operating margin of Trigold Holdings Ltd is 3.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Trigold Holdings Ltd (3709)?
Revenue at Trigold Holdings Ltd is growing +30.2% versus a year earlier (3y avg +26.2%). 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 Trigold Holdings Ltd (3709)?
Earnings per share at Trigold Holdings Ltd are growing +105% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Trigold Holdings Ltd (3709) generate?
The free cash flow of Trigold Holdings Ltd is −2.7B 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 Trigold Holdings Ltd (3709) carry?
The net debt of Trigold Holdings Ltd is 2.1B 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.
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Some data
Nov 6, 2026