Mutual-Tek Industries Co., Ltd. (6407) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Mutual-Tek Industries Co., Ltd. stock TWD 31.13, price TWD 14.05, upside +121.6%, quality 52 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 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 6.45 TWD – 55.25 TWD · fair‑value band 18.63 TWD – 40.47 TWD · the 14.05 TWD price screens below the 31.13 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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Mutual-Tek Industries Co., Ltd. engages in the design, production, and sale of PCBs in Taiwan.
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It offers multi-layer soft and hard boards for camera modules, wearable devices, and medical applications; thin circuit boards for substrate products; ultra-thin hard board for NB CAM application; and car board for automotive applications.
The company also provides multi-layer soft and hard boards for IoT; and CIS for DSLR cameras and copiers, scanners. Mutual-Tek Industries Co., Ltd. was founded in 2006 and is based in New Taipei City, Taiwan.
Stock analysis
Mutual-Tek Industries Co., Ltd. (6407) currently trades at 14.05 TWD, while our model-based Fair Value estimate is 31.13 TWD, implying the stock looks roughly 55% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 34.55 TWD per share, and 24 of the 25 models we run sit above the 14.05 TWD price.
Bear case: the Asset-Based group reads lowest at 5.24 TWD, and 1 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: 18.63 TWD (bear) to 40.47 TWD (bull), the price of 14.05 TWD sits below 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.
Mutual-Tek Industries Co., Ltd. reported revenue of 3.2B TWD in FY2025 versus 1.6B TWD in FY2021, a compound +17.8%/yr. Reported net income was 114M TWD in FY2025, compounding −13.7%/yr from FY2021.
Key figures
Market cap 1.0B TWD (≈ $31.7M) Micro · P/E ratio 20.4 · P/S ratio 0.74 · EPS (TTM) 0.6900 TWD · Dividend yield 6.5% · Net margin 3.6% · Return on equity 8.5% · Return on assets (EBIT) 0.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (low confidence).
What moves the price
The share trades about 75% 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 122%, 6407 screens cheaper than that median.
Fair Value models
Bear18.63 TWDFair Value 31.13 TWDBull40.47 TWD
Price 14.05 TWD · Upside +121.6%
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 (0.5917 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.54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.5%
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.
+18.2%
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.
+4.5%
Start year 2020 (pandemic)
Revenue growth 6 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.
−5.6%
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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.
+29.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.4%
Dividend (yield on the price)6.5%
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.−10% → 5%
2025 sits 301% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+20.5%
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 +18.7% a year for the price.
Compare Mutual-Tek Industries Co., 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.Electronic Components · 653 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+121.6% · Top 25%
Profitability
Return on equity (12 months)8.5% · Above median
Return on assets3.4% · Above median
Net margin (12 months)4.4% · Below median
Operating margin (12 months)−24.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)24.1% · Above median
Dividend yield (12 months)6.5% · Top 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)20.4× · Cheaper than median
P/B0.74× · Cheapest 25%
P/S (12 months)0.33× · Cheapest 25%
Price / free cash flow (fiscal year)27.5× · Cheaper than median
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Is Mutual-Tek Industries Co., Ltd. (6407) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 31.13 TWD versus a price of 14.05 TWD, about +122% upside (undervalued).
What is the fair value of 6407?
Our model-based fair value for Mutual-Tek Industries Co., Ltd. is 31.13 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 14.05 TWD.
What is the quality score of 6407?
Mutual-Tek Industries Co., Ltd. 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 Mutual-Tek Industries Co., Ltd. (6407)?
Our model-based price target is the fair value of 31.13 TWD (as of Nov 3, 2026) from 25 valuation models. Cautious scenario 18.63 TWD, optimistic scenario 40.47 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Mutual-Tek Industries Co., Ltd. stock forecast for 2026?
Our models put fair value at 31.13 TWD, about +122% upside versus a price of 14.05 TWD (undervalued). Cautious scenario 18.63 TWD, optimistic scenario 40.47 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Mutual-Tek Industries Co., Ltd. (6407)?
Mutual-Tek Industries Co., Ltd. reported trailing-twelve-month revenue of about 3.2B TWD (latest available figure, as of Nov 3, 2026).
Does Mutual-Tek Industries Co., Ltd. pay a dividend?
Mutual-Tek Industries Co., Ltd. currently shows a dividend yield of 6.47% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Mutual-Tek Industries Co., Ltd. (6407)?
Mutual-Tek Industries Co., Ltd. has a dividend yield of 6.5%.
What growth is priced into Mutual-Tek Industries Co., Ltd. (6407)?
For today's price to be fair in a discounted-cash-flow model, Mutual-Tek Industries Co., Ltd. would have to grow free cash flow by +20.5 % 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 +4.5 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 6407 use?
Our models discount Mutual-Tek Industries Co., Ltd. at 9.0 %: a base by market capitalisation (nano), damped by beta 0.25, 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 Mutual-Tek Industries Co., Ltd. that is +20.5 % 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 Mutual-Tek Industries Co., Ltd. (6407) delivered so far?
Over the past 5 years revenue at Mutual-Tek Industries Co., Ltd. grew +4.5 % a year. The price currently implies free-cash-flow growth of +20.5 % 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 Mutual-Tek Industries Co., Ltd. (6407) growing?
The median revenue growth in the sector is +16.8 % a year. That is the yardstick for the growth priced into Mutual-Tek Industries Co., Ltd. (+20.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mutual-Tek Industries Co., Ltd. (6407)?
The free-cash-flow yield on the price is 3.60 %: that much free cash flow Mutual-Tek Industries 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 Mutual-Tek Industries Co., Ltd. (6407)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mutual-Tek Industries Co., Ltd. it is 31.13 TWD per share (as of Nov 3, 2026), against a price of 14.05 TWD. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Mutual-Tek Industries Co., Ltd. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 6407 trades below its calculated fair value: price 14.05 TWD, fair value 31.13 TWD, a gap of about +122% (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 6407?
No. The price is what the market pays today (14.05 TWD); the fair value is what the company's own numbers justify (31.13 TWD). For Mutual-Tek Industries Co., Ltd. the two are 17.08 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Mutual-Tek Industries Co., Ltd. worth?
The market values Mutual-Tek Industries Co., Ltd. at about 1.0B TWD (market capitalisation, as of Nov 3, 2026). Per share that is 14.05 TWD; our models calculate a fair value of 31.13 TWD per share.
What do the bullish and bearish scenarios say about 6407?
Our models span a range for Mutual-Tek Industries Co., Ltd.: cautious scenario 18.63 TWD, base 31.13 TWD, optimistic 40.47 TWD per share (as of Nov 3, 2026, price 14.05 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6407?
Mutual-Tek Industries Co., Ltd. trades at a price-to-earnings ratio of 20.4 (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 31.13 TWD is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2019 to 2025), reported earnings: 12.7. Other multiples: P/B 0.7, P/S 0.3, EV/EBITDA 3.6.
How solid is the balance sheet of Mutual-Tek Industries Co., Ltd. (6407)?
Balance-sheet figures for Mutual-Tek Industries Co., Ltd. (as of Nov 3, 2026): return on equity 8.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 6407 from its 52-week high?
Mutual-Tek Industries Co., Ltd. trades at 14.05 TWD, about 75% below its 52-week high of 55.25 TWD and at the low of 14.05 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 31.13 TWD is for.
Which stocks are comparable to Mutual-Tek Industries Co., Ltd.?
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 Mutual-Tek Industries Co., Ltd. stock attractive at the current price?
The data as of Nov 3, 2026: price 14.05 TWD, calculated fair value 31.13 TWD (+122%), Quality Score 52/100, from 25 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 6407 calculated?
We run Mutual-Tek Industries Co., Ltd. through 25 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 31.13 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. Mutual-Tek Industries Co., Ltd. currently trades 55% 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 Mutual-Tek Industries Co., Ltd. (6407)?
The closing price on Nov 6, 2026 was 14.05 TWD. Our model-based fair value is 31.13 TWD, about +122% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mutual-Tek Industries Co., Ltd. right now?
The price is below even our cautious bear case (18.63 TWD). The market is more pessimistic than our downside scenario. 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 quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (18.63 TWD to 40.47 TWD) leaves room in how you read the outcome.
Key figures of Mutual-Tek Industries Co., Ltd.
How large is the market capitalisation of Mutual-Tek Industries Co., Ltd. (6407)?
The market capitalisation of Mutual-Tek Industries Co., Ltd. is 1.0B TWD (≈ $31.7M). 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 Mutual-Tek Industries Co., Ltd. (6407)?
The price-to-sales ratio of Mutual-Tek Industries Co., Ltd. is 0.74 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mutual-Tek Industries Co., Ltd. (6407)?
Earnings per share at Mutual-Tek Industries Co., Ltd. are 0.6900 TWD (price ÷ EPS = P/E 20.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mutual-Tek Industries Co., Ltd. (6407)?
The dividend yield of Mutual-Tek Industries Co., Ltd. is 6.5% (payout 132%). 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 Mutual-Tek Industries Co., Ltd. (6407)?
The net margin of Mutual-Tek Industries Co., Ltd. is 3.6% (fiscal year 2025). 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 Mutual-Tek Industries Co., Ltd. (6407)?
The return on equity (ROE) of Mutual-Tek Industries Co., Ltd. is 8.5% (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 Mutual-Tek Industries Co., Ltd. (6407)?
On an EBIT basis the return on assets of Mutual-Tek Industries Co., Ltd. is 0.5% (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 Mutual-Tek Industries Co., Ltd. (6407)?
The operating margin of Mutual-Tek Industries Co., Ltd. is −24.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mutual-Tek Industries Co., Ltd. (6407)?
Revenue at Mutual-Tek Industries Co., Ltd. is growing +24.1% versus a year earlier (3y avg +18.2%). 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 Mutual-Tek Industries Co., Ltd. (6407)?
Earnings per share at Mutual-Tek Industries Co., Ltd. are growing +114% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Mutual-Tek Industries Co., Ltd. (6407) carry?
The net debt of Mutual-Tek Industries Co., Ltd. is 605M TWD (fiscal year 2025, ≈ 15.9 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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Thin data
Nov 3, 2026