San Lien Technology (5493) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of San Lien Technology stock TWD 91.41, price TWD 73.50, upside +24.4%, quality 58 out of 100. Rating: 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 34.18 TWD – 117.00 TWD · fair‑value band 50.51 TWD – 114.85 TWD · the 73.50 TWD price screens below the 91.41 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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Sanlien Technology Corp. manufactures and sells specialty chemical for the semiconductor industry in Taiwan, Asia, and internationally. It operates through Automatic Monitoring Business, Electronic Material Business, Overseas Sensing and Equipment Business, and Other segments.
It also provides onsite control and display interface, earthquake central data logger and control unit, dynamic datalogger, vibrating wire sensor and wheatsone bridge datalogger, inclination sensor, rainfall datalogger; and web monitoring tool and software, including SanDAS, dot cloud, and web monitoring system.
In addition, the company offers force, great force, length, and vibration calibration services.
Further, it is involved in the provision of overseas technical services; and manufactures and sells electronic material, system syndication of factory automation machinery and environmental protection facilities; installation, sales, and maintenance of semiconductor equipment of plant; and installation and sales of civil engineering safety monitoring technology, geotechnical engineering safety monitoring technology, related sensor, and metering instruments.
Sanlien Technology Corp. was founded in 1967 and is based in Taipei, Taiwan.
Stock analysis
San Lien Technology (5493) currently trades at 73.50 TWD, while our model-based Fair Value estimate is 91.41 TWD, implying the stock looks roughly 20% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 115.42 TWD per share, and 10 of the 26 models we run sit above the 73.50 TWD price.
Bear case: the Dividend Discount group reads lowest at 14.66 TWD, and 16 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 50.51 TWD (bear) to 114.85 TWD (bull), the price of 73.50 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 58/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
San Lien Technology reported revenue of 5.5B TWD in FY2025 versus 3.1B TWD in FY2021, a compound +15.0%/yr. Reported net income was 182M TWD in FY2025, compounding −1.1%/yr from FY2021.
Key figures
Market cap 3.2B TWD (≈ $97.8M) Micro · P/E ratio 17.8 · P/S ratio 0.54 · EPS (TTM) 4.12 TWD · Dividend yield 3.7% · Net margin 4.2% · Return on equity 16.6% · Return on assets (EBIT) 8.2% (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 27% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 24%, 5493 screens cheaper than that median.
Fair Value models
Bear50.51 TWDFair Value 91.41 TWDBull114.85 TWD
Price 73.50 TWD · Upside +24.4%
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 (1.22 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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+21.0%
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.
+12.6%
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.
+14.6%
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.
+11.8%
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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.
+1.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.1%
Dividend (yield on the price)3.7%
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.12% → 7%
Growth Forecast
Little optimism in the price
The price assumes less 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).
+5.8%
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 +4.1% 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.Electronic Components · 653 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+24.4% · Top 25%
Profitability
Return on equity (12 months)16.6% · Top 25%
Return on assets6.5% · Top 25%
Net margin (12 months)9.1% · Above median
Operating margin (12 months)7.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)16.5% · Above median
Dividend yield (12 months)3.7% · Top 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)17.8× · Cheaper than median
P/B1.58× · Cheaper than median
P/S (12 months)1.19× · Cheaper than median
Price / free cash flow (fiscal year)28.4× · Pricier than median
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Is San Lien Technology (5493) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 91.41 TWD versus a price of 73.50 TWD, about +24% upside (undervalued).
What is the fair value of 5493?
Our model-based fair value for San Lien Technology is 91.41 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 73.50 TWD.
What is the quality score of 5493?
San Lien Technology has a Quality Score of 58/100. 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 San Lien Technology (5493)?
Our model-based price target is the fair value of 91.41 TWD (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 50.51 TWD, optimistic scenario 114.85 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the San Lien Technology stock forecast for 2026?
Our models put fair value at 91.41 TWD, about +24% upside versus a price of 73.50 TWD (undervalued). Cautious scenario 50.51 TWD, optimistic scenario 114.85 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of San Lien Technology (5493)?
San Lien Technology reported trailing-twelve-month revenue of about 5.9B TWD (latest available figure, as of Nov 8, 2026).
Does San Lien Technology pay a dividend?
San Lien Technology currently shows a dividend yield of 3.67% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of San Lien Technology (5493) and when is the ex-dividend date?
San Lien Technology pays a dividend of 2.70 TWD per share a year, a dividend yield of 3.7%. The last ex-dividend date was Jul 13, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 65.5% of earnings. Free cash flow covers the dividend 2.09 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into San Lien Technology (5493)?
For today's price to be fair in a discounted-cash-flow model, San Lien Technology would have to grow free cash flow by +5.8 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.6 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 5493 use?
Our models discount San Lien Technology at 11.8 %: a base by market capitalisation (micro), damped by beta 0.44, 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 San Lien Technology that is +5.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has San Lien Technology (5493) delivered so far?
Over the past 5 years revenue at San Lien Technology grew +14.6 % a year. The price currently implies free-cash-flow growth of +5.8 % 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 San Lien Technology (5493) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into San Lien Technology (+5.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of San Lien Technology (5493)?
The free-cash-flow yield on the price is 7.66 %: that much free cash flow San Lien Technology produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of San Lien Technology (5493)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For San Lien Technology it is 91.41 TWD per share (as of Nov 8, 2026), against a price of 73.50 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 San Lien Technology stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 5493 trades below its calculated fair value: price 73.50 TWD, fair value 91.41 TWD, a gap of about +24% (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 5493?
No. The price is what the market pays today (73.50 TWD); the fair value is what the company's own numbers justify (91.41 TWD). For San Lien Technology the two are 17.91 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is San Lien Technology worth?
The market values San Lien Technology at about 3.2B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 73.50 TWD; our models calculate a fair value of 91.41 TWD per share.
What do the bullish and bearish scenarios say about 5493?
Our models span a range for San Lien Technology: cautious scenario 50.51 TWD, base 91.41 TWD, optimistic 114.85 TWD per share (as of Nov 8, 2026, price 73.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5493?
San Lien Technology trades at a price-to-earnings ratio of 17.8 (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 91.41 TWD is built from several models across several years. Other multiples: P/B 1.6, P/S 1.2, EV/EBITDA 10.2.
How solid is the balance sheet of San Lien Technology (5493)?
Balance-sheet figures for San Lien Technology (as of Nov 8, 2026): return on equity 16.6%, debt of 0.06 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 5493 from its 52-week high?
San Lien Technology trades at 73.50 TWD, about 27% below its 52-week high of 100.50 TWD and at the low of 73.50 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 91.41 TWD is for.
Which stocks are comparable to San Lien Technology?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta 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 San Lien Technology stock attractive at the current price?
The data as of Nov 8, 2026: price 73.50 TWD, calculated fair value 91.41 TWD (+24%), Quality Score 58/100, 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 5493 calculated?
We run San Lien Technology 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 91.41 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. San Lien Technology currently trades 20% 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 San Lien Technology (5493)?
The closing price on Nov 6, 2026 was 73.50 TWD. Our model-based fair value is 91.41 TWD, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with San Lien Technology right now?
Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (50.51 TWD to 114.85 TWD) leaves room in how you read the outcome.
Key figures of San Lien Technology
How large is the market capitalisation of San Lien Technology (5493)?
The market capitalisation of San Lien Technology is 3.2B TWD (≈ $97.8M). 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 San Lien Technology (5493)?
The price-to-sales ratio of San Lien Technology is 0.54 (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 San Lien Technology (5493)?
Earnings per share at San Lien Technology are 4.12 TWD (price ÷ EPS = P/E 17.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of San Lien Technology (5493)?
The dividend yield of San Lien Technology is 3.7% (payout 65.5%). 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 San Lien Technology (5493)?
The net margin of San Lien Technology is 4.2% (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 San Lien Technology (5493)?
The return on equity (ROE) of San Lien Technology is 16.6% (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 San Lien Technology (5493)?
On an EBIT basis the return on assets of San Lien Technology is 8.2% (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 San Lien Technology (5493)?
The operating margin of San Lien Technology is 7.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at San Lien Technology (5493)?
Revenue at San Lien Technology is growing +16.5% versus a year earlier (3y avg +12.6%). 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 San Lien Technology (5493)?
Earnings per share at San Lien Technology are growing +236% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does San Lien Technology (5493) carry?
The net debt of San Lien Technology is 226M TWD (fiscal year 2023, ≈ 0.9 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