HTM International Holding Ltd. (4924) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of HTM International Holding Ltd. stock TWD 7.49, price TWD 17.20, that is 56.5% below the price, quality 57 out of 100. Rating: strongly overvalued. Calculated from audited financials with 22 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 3, 2026.
How to read this chart
60‑month range 9.30 TWD – 30.35 TWD · fair‑value band 5.01 TWD – 12.11 TWD · the 17.20 TWD price screens above the 7.49 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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HTM International Holding Ltd., together with its subsidiaries, manufactures and sells precision plastic components and components, and biomass pellet fuel.
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The company provides biomass fuels, computer peripherals, key parts and components, digital and AV products, and other products, as well as involved in the manufacture and sale of precision mold parts and components. It operates in Taiwan, Malaysia, Mainland China, Hong Kong, and Japan.
HTM International Holding Ltd. was founded in 2009 and is based in Taipei, Taiwan.
Stock analysis
HTM International Holding Ltd. (4924) currently trades at 17.20 TWD, while our model-based Fair Value estimate is 7.49 TWD, 56% 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 10.72 TWD per share, and 3 of the 20 models we run sit above the 17.20 TWD price.
Bear case: the Earnings-Based group reads lowest at 2.81 TWD, and 17 of the 20 models stay below the price. Data coverage for this calculation is low.
Scenario range: 5.01 TWD (bear) to 12.11 TWD (bull), the price of 17.20 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 57/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
HTM International Holding Ltd. reported revenue of 721M TWD in FY2025 versus 545M TWD in FY2021, a compound +7.2%/yr. Reported net income was 14.2M TWD in FY2025, compounding −20.8%/yr from FY2021.
Key figures
Market cap 638M TWD (≈ $19.4M) Micro · P/E ratio 21.5 · P/S ratio 0.83 · EPS (TTM) 0.8000 TWD · Net margin 3.9% · Return on equity 8.3% · Return on assets (EBIT) 0.4% (5-year average) · Operating margin −4.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 85% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −56%, 4924 screens richer than that median.
Fair Value models
Bear5.01 TWDFair Value 7.49 TWDBull12.11 TWD
Price 17.20 TWD · Downside -56.5%
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 (0.6860 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+4.0%
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.
+1.8%
’21
’22
’23
’24
’25
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.
−17.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.1%
Dividend (yield on the price)0.0%
Profit margin 2021 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.5% → 1%
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).
+37.5%
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 +35.3% a year for the price.
Compare HTM International Holding Ltd. with another stock
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.Computer Hardware · 213 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−56.5% · Below median
Profitability
Return on equity (12 months)8.3% · Above median
Return on assets2.0% · Below median
Net margin (12 months)3.9% · Below median
Operating margin (12 months)−4.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−9.2% · Bottom 25%
Balance sheet
Debt / equity0.30× · Highest 25%
Valuation Multiplesvs Computer Hardware 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.
Cite: Fair Value Calculator (2026). "HTM International Holding Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/4924
Frequently asked questions
Is HTM International Holding Ltd. (4924) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 7.49 TWD versus a price of 17.20 TWD, about 56% lower (overvalued).
What is the fair value of 4924?
Our model-based fair value for HTM International Holding Ltd. is 7.49 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 17.20 TWD.
What is the quality score of 4924?
HTM International Holding Ltd. has a Quality Score of 57/100. 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 HTM International Holding Ltd. (4924)?
Our model-based price target is the fair value of 7.49 TWD (as of Nov 3, 2026) from 22 valuation models. Cautious scenario 5.01 TWD, optimistic scenario 12.11 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the HTM International Holding Ltd. stock forecast for 2026?
Our models put fair value at 7.49 TWD, about 56% lower versus a price of 17.20 TWD (overvalued). Cautious scenario 5.01 TWD, optimistic scenario 12.11 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of HTM International Holding Ltd. (4924)?
HTM International Holding Ltd. reported trailing-twelve-month revenue of about 769M TWD (latest available figure, as of Nov 3, 2026).
What growth is priced into HTM International Holding Ltd. (4924)?
For today's price to be fair in a discounted-cash-flow model, HTM International Holding Ltd. would have to grow free cash flow by +37.5 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +7.2 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 4924 use?
Our models discount HTM International Holding Ltd. at 9.1 %: a base by market capitalisation (nano), damped by beta 0.56, 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 HTM International Holding Ltd. that is +37.5 % 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 HTM International Holding Ltd. (4924) delivered so far?
Over the past 4 years revenue at HTM International Holding Ltd. grew +7.2 % a year. The price currently implies free-cash-flow growth of +37.5 % 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 HTM International Holding Ltd. (4924) growing?
The median revenue growth in the sector is +16.1 % a year. That is the yardstick for the growth priced into HTM International Holding Ltd. (+37.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of HTM International Holding Ltd. (4924)?
The free-cash-flow yield on the price is 1.37 %: that much free cash flow HTM International Holding 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 HTM International Holding Ltd. (4924)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HTM International Holding Ltd. it is 7.49 TWD per share (as of Nov 3, 2026), against a price of 17.20 TWD. It is the blended result of 22 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is HTM International Holding Ltd. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 4924 trades above its calculated fair value: price 17.20 TWD, fair value 7.49 TWD, a gap of about −56% (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 4924?
No. The price is what the market pays today (17.20 TWD); the fair value is what the company's own numbers justify (7.49 TWD). For HTM International Holding Ltd. the two are 9.71 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is HTM International Holding Ltd. worth?
The market values HTM International Holding Ltd. at about 638M TWD (market capitalisation, as of Nov 3, 2026). Per share that is 17.20 TWD; our models calculate a fair value of 7.49 TWD per share.
What do the bullish and bearish scenarios say about 4924?
Our models span a range for HTM International Holding Ltd.: cautious scenario 5.01 TWD, base 7.49 TWD, optimistic 12.11 TWD per share (as of Nov 3, 2026, price 17.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4924?
HTM International Holding Ltd. trades at a price-to-earnings ratio of 21.5 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 7.49 TWD is built from several models across several years. Other multiples: P/B 1.7, P/S 0.8, EV/EBITDA 13.4.
How solid is the balance sheet of HTM International Holding Ltd. (4924)?
Balance-sheet figures for HTM International Holding Ltd. (as of Nov 3, 2026): return on equity 8.3%, debt of 0.30 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 4924 from its 52-week high?
HTM International Holding Ltd. trades at 17.20 TWD, about 18% below its 52-week high of 21.05 TWD and 85% above the low of 9.30 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 7.49 TWD is for.
Which stocks are comparable to HTM International Holding Ltd.?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, Seagate Technology Holdings, 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 HTM International Holding Ltd. stock attractive at the current price?
The data as of Nov 3, 2026: price 17.20 TWD, calculated fair value 7.49 TWD (−56%), Quality Score 57/100, from 22 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 4924 calculated?
We run HTM International Holding Ltd. through 22 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 7.49 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. HTM International Holding 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 HTM International Holding Ltd. (4924)?
The closing price on Nov 6, 2026 was 17.20 TWD. Our model-based fair value is 7.49 TWD, about 56% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HTM International Holding Ltd. right now?
The price sits above even our optimistic bull case (12.11 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (5.01 TWD to 12.11 TWD) leaves room in how you read the outcome.
Key figures of HTM International Holding Ltd.
How large is the market capitalisation of HTM International Holding Ltd. (4924)?
The market capitalisation of HTM International Holding Ltd. is 638M TWD (≈ $19.4M). 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 HTM International Holding Ltd. (4924)?
The price-to-sales ratio of HTM International Holding Ltd. is 0.83 (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 HTM International Holding Ltd. (4924)?
Earnings per share at HTM International Holding Ltd. are 0.8000 TWD (price ÷ EPS = P/E 21.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of HTM International Holding Ltd. (4924)?
The net margin of HTM International Holding Ltd. is 3.9% (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 HTM International Holding Ltd. (4924)?
The return on equity (ROE) of HTM International Holding Ltd. is 8.3% (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 HTM International Holding Ltd. (4924)?
On an EBIT basis the return on assets of HTM International Holding Ltd. is 0.4% (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 HTM International Holding Ltd. (4924)?
The operating margin of HTM International Holding Ltd. is −4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HTM International Holding Ltd. (4924)?
Revenue at HTM International Holding Ltd. is growing −9.2% versus a year earlier (3y avg +1.8%). 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 HTM International Holding Ltd. (4924)?
Earnings per share at HTM International Holding Ltd. are growing +40.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does HTM International Holding Ltd. (4924) carry?
The net debt of HTM International Holding Ltd. is 172M TWD (fiscal year 2025, ≈ 19.7 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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Thin data
Nov 3, 2026