Darwin Precisions Corp (6120) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Darwin Precisions Corp stock TWD 7.28, price TWD 11.25, that is 35.3% below the price, quality 52 out of 100. Rating: strongly overvalued. Calculated from audited financials with 10 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 8.16 TWD – 19.05 TWD · fair‑value band 7.09 TWD – 7.59 TWD · the 11.25 TWD price screens above the 7.28 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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Darwin Precisions Corporation, together with its subsidiaries, designs, manufactures, assembles, processes, and trades in backlight modules, computer peripherals, and communication equipment in Taiwan, Korea, Japan, China, and internationally.
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The company offers system integration products for mobility, healthcare, retail, and education application.
It also designs, manufactures, and sells LCD and backlight modules, LCD TVs, and related components; manufactures, sells, and trades in precision plastic parts; provides services of information software, data processing, and electronic information supply; and provides wholesale and retail sale of cosmetics.
The company was formerly known as Forhouse Corporation and changed its name to Darwin Precisions Corporation in 2015. Darwin Precisions Corporation was incorporated in 1989 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Darwin Precisions Corp (6120) currently trades at 11.25 TWD, while our model-based Fair Value estimate is 7.28 TWD, 35% 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 16.40 TWD per share, and 3 of the 10 models we run sit above the 11.25 TWD price.
Bear case: the Asset-Based group reads lowest at 4.03 TWD, and 7 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: 7.09 TWD (bear) to 7.59 TWD (bull), the price of 11.25 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 52/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Darwin Precisions Corp reported revenue of 17.1B TWD in FY2025 versus 20.3B TWD in FY2021, a compound −4.2%/yr. Reported net income was −121M TWD in FY2025.
Key figures
Market cap 6.7B TWD (≈ $205M) Micro · P/E ratio 8.3 · P/S ratio 0.40 · EPS (TTM) 1.35 TWD · Dividend yield 2.2% · Net margin 4.9% · Return on equity 8.7% · Return on assets (EBIT) −0.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 11% above 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 −35%, 6120 screens richer than that median.
Fair Value models
Bear7.09 TWDFair Value 7.28 TWDBull7.59 TWD
Price 11.25 TWD · Downside -35.3%
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 (0.9433 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.46/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−18.0%
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.
+5.7%
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.
+3.7%
Start year 2020 (pandemic). Over 10 years: −8.4% a year
Revenue growth 24 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%
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Profit margin (trend) ⓘ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.
−9.6% (2020) → −1.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
+38.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
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 +36.4% 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 · 655 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−35.3% · Below median
Profitability
Return on equity (12 months)8.7% · Above median
Return on assets−0.8% · Bottom 25%
Net margin (12 months)4.9% · Below median
Operating margin (12 months)−5.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−2.7% · Bottom 25%
Dividend yield (12 months)2.2% · Above median
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Electronic Components 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 Darwin Precisions Corp (6120) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 7.28 TWD versus a price of 11.25 TWD, about 35% lower (overvalued).
What is the fair value of 6120?
Our model-based fair value for Darwin Precisions Corp is 7.28 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 11.25 TWD.
What is the quality score of 6120?
Darwin Precisions Corp has a Quality Score of 52/100. 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 Darwin Precisions Corp (6120)?
Our model-based price target is the fair value of 7.28 TWD (as of Nov 6, 2026) from 10 valuation models. Cautious scenario 7.09 TWD, optimistic scenario 7.59 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Darwin Precisions Corp stock forecast for 2026?
Our models put fair value at 7.28 TWD, about 35% lower versus a price of 11.25 TWD (overvalued). Cautious scenario 7.09 TWD, optimistic scenario 7.59 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Darwin Precisions Corp (6120)?
Darwin Precisions Corp reported trailing-twelve-month revenue of about 16.8B TWD (latest available figure, as of Nov 6, 2026).
Does Darwin Precisions Corp pay a dividend?
Darwin Precisions Corp currently shows a dividend yield of 2.22% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Darwin Precisions Corp (6120) and when is the ex-dividend date?
Darwin Precisions Corp pays a dividend of 0.25 TWD per share a year, a dividend yield of 2.2%. The last ex-dividend date was Jun 22, 2026. The payout ratio is 18.5% of earnings. Free cash flow covers the dividend 0.27 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Darwin Precisions Corp (6120)?
For today's price to be fair in a discounted-cash-flow model, Darwin Precisions Corp would have to grow free cash flow by +38.6 % per year for five years (discount rate 12.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.7 % 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 6, 2026.
What discount rate (WACC) does the fair value of 6120 use?
Our models discount Darwin Precisions Corp at 12.2 %: a base by market capitalisation (micro), damped by beta 0.68, 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 Darwin Precisions Corp that is +38.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.2 %) and the same formula as our fair value.
How much growth has Darwin Precisions Corp (6120) delivered so far?
Over the past 5 years revenue at Darwin Precisions Corp grew +3.7 % a year. The price currently implies free-cash-flow growth of +38.6 % 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 Darwin Precisions Corp (6120) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Darwin Precisions Corp (+38.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Darwin Precisions Corp (6120)?
The free-cash-flow yield on the price is 0.60 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Darwin Precisions Corp produces per unit of market value. When it exceeds the discount rate of our models (12.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Darwin Precisions Corp (6120)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Darwin Precisions Corp it is 7.28 TWD per share (as of Nov 6, 2026), against a price of 11.25 TWD. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Darwin Precisions Corp stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 6120 trades above its calculated fair value: price 11.25 TWD, fair value 7.28 TWD, a gap of about −35% (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 6120?
No. The price is what the market pays today (11.25 TWD); the fair value is what the company's own numbers justify (7.28 TWD). For Darwin Precisions Corp the two are 3.97 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Darwin Precisions Corp worth?
The market values Darwin Precisions Corp at about 6.7B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 11.25 TWD; our models calculate a fair value of 7.28 TWD per share.
What do the bullish and bearish scenarios say about 6120?
Our models span a range for Darwin Precisions Corp: cautious scenario 7.09 TWD, base 7.28 TWD, optimistic 7.59 TWD per share (as of Nov 6, 2026, price 11.25 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6120?
Darwin Precisions Corp trades at a price-to-earnings ratio of 8.3 (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 7.28 TWD is built from several models across several years. Other multiples: P/B 0.8, P/S 0.4, EV/EBITDA 6.4.
How solid is the balance sheet of Darwin Precisions Corp (6120)?
Balance-sheet figures for Darwin Precisions Corp (as of Nov 6, 2026): return on equity 8.7%, debt of 0.12 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 6120 from its 52-week high?
Darwin Precisions Corp trades at 11.25 TWD, about 30% below its 52-week high of 16.10 TWD and 11% above the low of 10.10 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 7.28 TWD is for.
Which stocks are comparable to Darwin Precisions Corp?
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 Darwin Precisions Corp stock attractive at the current price?
The data as of Nov 6, 2026: price 11.25 TWD, calculated fair value 7.28 TWD (−35%), Quality Score 52/100, from 10 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 6120 calculated?
We run Darwin Precisions Corp through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 7.28 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. Darwin Precisions Corp 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 Darwin Precisions Corp (6120)?
The closing price on Nov 9, 2026 was 11.25 TWD. Our model-based fair value is 7.28 TWD, about 35% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Darwin Precisions Corp right now?
The price sits above even our optimistic bull case (7.59 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 (52/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (7.09 TWD to 7.59 TWD), unusually little disagreement for a valuation.
Key figures of Darwin Precisions Corp
How large is the market capitalisation of Darwin Precisions Corp (6120)?
The market capitalisation of Darwin Precisions Corp is 6.7B TWD (≈ $205M). 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 Darwin Precisions Corp (6120)?
The price-to-sales ratio of Darwin Precisions Corp is 0.40 (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 Darwin Precisions Corp (6120)?
Earnings per share at Darwin Precisions Corp are 1.35 TWD (price ÷ EPS = P/E 8.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Darwin Precisions Corp (6120)?
The dividend yield of Darwin Precisions Corp is 2.2% (payout 18.5%). 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 Darwin Precisions Corp (6120)?
The net margin of Darwin Precisions Corp is 4.9% (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 Darwin Precisions Corp (6120)?
The return on equity (ROE) of Darwin Precisions Corp is 8.7% (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 Darwin Precisions Corp (6120)?
On an EBIT basis the return on assets of Darwin Precisions Corp is −0.7% (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 Darwin Precisions Corp (6120)?
The operating margin of Darwin Precisions Corp is −5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Darwin Precisions Corp (6120)?
Revenue at Darwin Precisions Corp is growing −2.7% versus a year earlier (3y avg +5.7%). 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 Darwin Precisions Corp (6120)?
Earnings per share at Darwin Precisions Corp are growing −75.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Darwin Precisions Corp (6120) hold?
Darwin Precisions Corp holds more cash than debt, 3.6B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 6, 2026