Koge Micro Tech Co Ltd (4568) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Koge Micro Tech Co Ltd stock TWD 31.61, price TWD 49.30, that is 35.9% below the price, quality 61 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 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 9, 2026.
How to read this chart
60‑month range 38.37 TWD – 63.58 TWD · fair‑value band 27.25 TWD – 41.09 TWD · the 49.30 TWD price screens above the 31.61 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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Koge Micro Tech Co., Ltd. manufactures and sells air pumps, precision instruments, and medical equipment in Mainland China, Taiwan, the United States, and Vietnam.
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The company offers DC rotary diaphragm, DC diaphragm, linear air, piezoelectric, and brushless DC centrifugal pumps, as well as solenoid valve; and medical devices, such as negative pressure wound therapy, deep vein thrombosis, and PVA. It also acts as a contract development and manufacturing organization.
Its products are used in fuel cell, energy and environment, environmental monitoring, detection analysis, medical devices, automotive products, healthcare equipment, beauty care apparatus, and household appliance fields. The company was founded in 1978 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Koge Micro Tech Co Ltd (4568) currently trades at 49.30 TWD, while our model-based Fair Value estimate is 31.61 TWD, 36% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 54.12 TWD per share, and 5 of the 24 models we run sit above the 49.30 TWD price.
Bear case: the Asset-Based group reads lowest at 16.95 TWD, and 19 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 27.25 TWD (bear) to 41.09 TWD (bull), the price of 49.30 TWD sits above 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 Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Koge Micro Tech Co Ltd reported revenue of 1.2B TWD in FY2025 versus 1.4B TWD in FY2021, a compound −2.9%/yr. Reported net income was 63.5M TWD in FY2025, compounding −19.2%/yr from FY2021.
Key figures
Market cap 1.6B TWD (≈ $47.5M) Micro · P/E ratio 27.1 · P/S ratio 1.28 · EPS (TTM) 1.82 TWD · Dividend yield 4.1% · Net margin 4.7% · Return on equity 5.6% · Return on assets (EBIT) 6.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −36%, 4568 screens cheaper than that median.
Fair Value models
Bear27.25 TWDFair Value 31.61 TWDBull41.09 TWD
Price 49.30 TWD · Downside -35.9%
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.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.9%
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.
−2.2%
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.
+0.4%
Start year 2020 (pandemic)
Revenue growth 8 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.
+0.2%
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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.
−11.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.6%
Dividend (yield on the price)4.1%
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.17% → 6%
⚠ Revenue per share shrinking 1.6%/yr over ~6Y (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
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+15.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +13.5% a year for the price.
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.Specialty Industrial Machinery · 813 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−35.9% · Below median
Profitability
Return on equity (12 months)5.6% · Below median
Return on assets3.8% · Above median
Net margin (12 months)4.7% · Below median
Operating margin (12 months)0.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)8.2% · Above median
Dividend yield (12 months)4.1% · Top 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Koge Micro Tech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4568
Frequently asked questions
Is Koge Micro Tech Co Ltd (4568) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 31.61 TWD versus a price of 49.30 TWD, about 36% lower (overvalued).
What is the fair value of 4568?
Our model-based fair value for Koge Micro Tech Co Ltd is 31.61 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 49.30 TWD.
What is the quality score of 4568?
Koge Micro Tech Co 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 Koge Micro Tech Co Ltd (4568)?
Our model-based price target is the fair value of 31.61 TWD (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 27.25 TWD, optimistic scenario 41.09 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Koge Micro Tech Co Ltd stock forecast for 2026?
Our models put fair value at 31.61 TWD, about 36% lower versus a price of 49.30 TWD (overvalued). Cautious scenario 27.25 TWD, optimistic scenario 41.09 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Koge Micro Tech Co Ltd (4568)?
Koge Micro Tech Co Ltd reported trailing-twelve-month revenue of about 1.2B TWD (latest available figure, as of Nov 9, 2026).
Does Koge Micro Tech Co Ltd pay a dividend?
Koge Micro Tech Co Ltd currently shows a dividend yield of 4.06% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Koge Micro Tech Co Ltd (4568) and when is the ex-dividend date?
Koge Micro Tech Co Ltd pays a dividend of 2.00 TWD per share a year, a dividend yield of 4.1%. The last ex-dividend date was Jul 16, 2026. A dividend has been paid every year since at least 2018. The payout ratio is 110% of earnings. Free cash flow covers the dividend 0.50 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into Koge Micro Tech Co Ltd (4568)?
For today's price to be fair in a discounted-cash-flow model, Koge Micro Tech Co Ltd would have to grow free cash flow by +15.3 % 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 +0.4 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 4568 use?
Our models discount Koge Micro Tech Co Ltd at 9.0 %: a base by market capitalisation (nano), damped by beta 0.28, 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 Koge Micro Tech Co Ltd that is +15.3 % 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 Koge Micro Tech Co Ltd (4568) delivered so far?
Over the past 5 years revenue at Koge Micro Tech Co Ltd grew +0.4 % a year. The price currently implies free-cash-flow growth of +15.3 % 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 Koge Micro Tech Co Ltd (4568) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Koge Micro Tech Co Ltd (+15.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Koge Micro Tech Co Ltd (4568)?
The free-cash-flow yield on the price is 2.04 %: that much free cash flow Koge Micro Tech 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 Koge Micro Tech Co Ltd (4568)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Koge Micro Tech Co Ltd it is 31.61 TWD per share (as of Nov 9, 2026), against a price of 49.30 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Koge Micro Tech Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 4568 trades above its calculated fair value: price 49.30 TWD, fair value 31.61 TWD, a gap of about −36% (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 4568?
No. The price is what the market pays today (49.30 TWD); the fair value is what the company's own numbers justify (31.61 TWD). For Koge Micro Tech Co Ltd the two are 17.69 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Koge Micro Tech Co Ltd worth?
The market values Koge Micro Tech Co Ltd at about 1.6B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 49.30 TWD; our models calculate a fair value of 31.61 TWD per share.
What do the bullish and bearish scenarios say about 4568?
Our models span a range for Koge Micro Tech Co Ltd: cautious scenario 27.25 TWD, base 31.61 TWD, optimistic 41.09 TWD per share (as of Nov 9, 2026, price 49.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4568?
Koge Micro Tech Co Ltd trades at a price-to-earnings ratio of 27.1 (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 31.61 TWD is built from several models across several years. Other multiples: P/B 1.4, P/S 1.3, EV/EBITDA 8.9.
How solid is the balance sheet of Koge Micro Tech Co Ltd (4568)?
Balance-sheet figures for Koge Micro Tech Co Ltd (as of Nov 9, 2026): return on equity 5.6%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 4568 from its 52-week high?
Koge Micro Tech Co Ltd trades at 49.30 TWD, about 13% below its 52-week high of 56.90 TWD and 28% above the low of 38.37 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 31.61 TWD is for.
Which stocks are comparable to Koge Micro Tech Co Ltd?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin 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 Koge Micro Tech Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 49.30 TWD, calculated fair value 31.61 TWD (−36%), Quality Score 61/100, from 24 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 4568 calculated?
We run Koge Micro Tech Co Ltd through 24 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 31.61 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. Koge Micro Tech 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 Koge Micro Tech Co Ltd (4568)?
The closing price on Nov 6, 2026 was 49.30 TWD. Our model-based fair value is 31.61 TWD, about 36% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Koge Micro Tech Co Ltd right now?
The price sits above even our optimistic bull case (41.09 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Koge Micro Tech Co Ltd
How large is the market capitalisation of Koge Micro Tech Co Ltd (4568)?
The market capitalisation of Koge Micro Tech Co Ltd is 1.6B TWD (≈ $47.5M). 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 Koge Micro Tech Co Ltd (4568)?
The price-to-sales ratio of Koge Micro Tech Co Ltd is 1.28 (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 Koge Micro Tech Co Ltd (4568)?
Earnings per share at Koge Micro Tech Co Ltd are 1.82 TWD (price ÷ EPS = P/E 27.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Koge Micro Tech Co Ltd (4568)?
The dividend yield of Koge Micro Tech Co Ltd is 4.1% (payout 110%). 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 Koge Micro Tech Co Ltd (4568)?
The net margin of Koge Micro Tech Co Ltd is 4.7% (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 Koge Micro Tech Co Ltd (4568)?
The return on equity (ROE) of Koge Micro Tech Co Ltd is 5.6% (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 Koge Micro Tech Co Ltd (4568)?
On an EBIT basis the return on assets of Koge Micro Tech Co Ltd is 6.8% (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 Koge Micro Tech Co Ltd (4568)?
The operating margin of Koge Micro Tech Co Ltd is 0.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Koge Micro Tech Co Ltd (4568)?
Revenue at Koge Micro Tech Co Ltd is growing +8.2% versus a year earlier (3y avg −2.2%). 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 Koge Micro Tech Co Ltd (4568)?
Earnings per share at Koge Micro Tech Co Ltd are growing −53.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Koge Micro Tech Co Ltd (4568) hold?
Koge Micro Tech Co Ltd holds more cash than debt, 576M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 9, 2026