Shunsin Technology Holdings Ltd (6451) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Shunsin Technology Holdings Ltd stock TWD 449, price TWD 291, upside +54.6%, quality 46 out of 100. Rating: strongly undervalued. Calculated from audited financials with 15 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 11, 2026.
How to read this chart
60‑month range 63.75 TWD – 724.00 TWD · fair‑value band 337.26 TWD – 561.88 TWD · the 290.50 TWD price screens below the 449.24 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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ShunSin Technology Holdings Limited engages in the assembly, testing, and sale of various integrated circuits related to semiconductors in Mainland China, the United States, Taiwan, Malaysia, Singapore, Ireland, and internationally.
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The company's products include system in package module, including 2G/2.5G/3G/4G front end and power Amplifier (PA), multi-mode multi band power amplifier, WiFi front end, mobile WiFi, and antenna switch modules; passive optical components; optical transceivers; thick film integrated circuit; and MEMS modules and sensors, such as accelerometers, gyroscopes, G-sensors, pressure and gesture sensors, light and proximity sensors, BAW filters, and TOF sensors.
It offers engineering services, such as assembly and testing. The company was formerly known as Amtec Holdings Limited and changed its name to ShunSin Technology Holdings Limited in August 2013. The company was incorporated in 2008 and is based in Zhongshan, China.
ShunSin Technology Holdings Limited is a subsidiary of Foxconn (Far East) Limited.
Stock analysis
Shunsin Technology Holdings Ltd (6451) currently trades at 290.50 TWD, while our model-based Fair Value estimate is 449.24 TWD, implying the stock looks roughly 35% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 969.95 TWD per share, and 4 of the 14 models we run sit above the 290.50 TWD price.
Bear case: the Dividend Discount group reads lowest at 68.18 TWD, and 10 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 337.26 TWD (bear) to 561.88 TWD (bull), the price of 290.50 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 46/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shunsin Technology Holdings Ltd reported revenue of 7.5B TWD in FY2025 versus 4.3B TWD in FY2021, a compound +15.2%/yr. Reported net income was 27.5M TWD in FY2025, compounding −48.9%/yr from FY2021.
Key figures
Market cap 33.2B TWD (≈ $1.0B) Small · P/E ratio 246.2 · P/S ratio 4.25 · EPS (TTM) 1.18 TWD · Dividend yield 0.1% · Net margin 1.7% · Return on equity 2.3% · Return on assets (EBIT) 0.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and 118% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at 55%, 6451 screens cheaper than that median.
Fair Value models
Bear337.26 TWDFair Value 449.24 TWDBull561.88 TWD
Price 290.50 TWD · Upside +54.6%
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 (1.02 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.
Best data coverage
Residual Income1,056 TWD1,123 TWD1,231 TWD76
EPV133.06 TWD145.90 TWD157.10 TWD73
ROIC Compounder133.06 TWD145.90 TWD157.10 TWD71
All 15 models by family
Earnings-Based
Graham-Dodd54.67 TWD153.81 TWD202.22 TWD65
Lynch FV62.25 TWD88.60 TWD115.27 TWD61
PEG = 1.062.25 TWD88.60 TWD115.27 TWD57
EPV133.06 TWD145.90 TWD157.10 TWD73
Dividend Discount
Gordon GGM40.18 TWD75.42 TWD107.70 TWD67
DDM Multi-Stage40.18 TWD60.93 TWD80.03 TWD67
Multiples
P/E Multiple168.63 TWD224.62 TWD280.94 TWD63
P/S Multiple102.43 TWD136.35 TWD170.61 TWD57
P/B Multiple8,533 TWD11,377 TWD14,222 TWD55
EV/EBITn/an/a14.49 TWD60
EV/EBITDA906.38 TWD1,414 TWD1,922 TWD65
Asset-Based
NCAV (Graham)639.94 TWD969.95 TWD1,212 TWD54
Economic Profit
Residual Income1,056 TWD1,123 TWD1,231 TWD76
ROIC Compounder133.06 TWD145.90 TWD157.10 TWD71
Growth Earnings
Growth-Adj P/E131.74 TWD188.06 TWD244.38 TWD67
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+45.2%
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.
+12.3%
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.
+9.2%
Start year 2020 (pandemic). Over 10 years: +2.5% a year
Revenue growth 13 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.
+5.3%
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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. Basis: EBIT basis. 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.
−38.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−38.3%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−54.2% vs −36.2%, slowing
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.20% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 1.5%/yr over ~10Y (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.
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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.Semiconductors · 396 stocks
Beats the industry median on 1/13 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+54.6% · Top 25%
Profitability
Return on equity (12 months)2.3% · Below median
Return on assets0.3% · Below median
Net margin (12 months)3.8% · Below median
Operating margin (12 months)2.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)12.7% · Below median
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.69× · Highest 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
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Is Shunsin Technology Holdings Ltd (6451) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of 449.24 TWD versus a price of 290.50 TWD, about +55% upside (undervalued).
What is the fair value of 6451?
Our model-based fair value for Shunsin Technology Holdings Ltd is 449.24 TWD (as of Nov 11, 2026), built from audited fundamentals. The current price: 290.50 TWD.
What is the quality score of 6451?
Shunsin Technology Holdings Ltd has a Quality Score of 46/100. 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 Shunsin Technology Holdings Ltd (6451)?
Our model-based price target is the fair value of 449.24 TWD (as of Nov 11, 2026) from 15 valuation models. Cautious scenario 337.26 TWD, optimistic scenario 561.88 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Shunsin Technology Holdings Ltd stock forecast for 2026?
Our models put fair value at 449.24 TWD, about +55% upside versus a price of 290.50 TWD (undervalued). Cautious scenario 337.26 TWD, optimistic scenario 561.88 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Shunsin Technology Holdings Ltd (6451)?
Shunsin Technology Holdings Ltd reported trailing-twelve-month revenue of about 7.3B TWD (latest available figure, as of Nov 11, 2026).
Does Shunsin Technology Holdings Ltd pay a dividend?
Shunsin Technology Holdings Ltd currently shows a dividend yield of 0.10% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of Shunsin Technology Holdings Ltd (6451)?
Shunsin Technology Holdings Ltd has a dividend yield of 0.1%.
What is the intrinsic value of Shunsin Technology Holdings Ltd (6451)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shunsin Technology Holdings Ltd it is 449.24 TWD per share (as of Nov 11, 2026), against a price of 290.50 TWD. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Shunsin Technology Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 11, 2026, 6451 trades below its calculated fair value: price 290.50 TWD, fair value 449.24 TWD, a gap of about +55% (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 6451?
No. The price is what the market pays today (290.50 TWD); the fair value is what the company's own numbers justify (449.24 TWD). For Shunsin Technology Holdings Ltd the two are 158.74 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Shunsin Technology Holdings Ltd worth?
The market values Shunsin Technology Holdings Ltd at about 33.2B TWD (market capitalisation, as of Nov 11, 2026). Per share that is 290.50 TWD; our models calculate a fair value of 449.24 TWD per share.
What do the bullish and bearish scenarios say about 6451?
Our models span a range for Shunsin Technology Holdings Ltd: cautious scenario 337.26 TWD, base 449.24 TWD, optimistic 561.88 TWD per share (as of Nov 11, 2026, price 290.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6451?
Shunsin Technology Holdings Ltd trades at a price-to-earnings ratio of 246.2 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 449.24 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 31.5. Other multiples: P/B 5.1, P/S 10.3, EV/EBITDA 76.8.
How solid is the balance sheet of Shunsin Technology Holdings Ltd (6451)?
Balance-sheet figures for Shunsin Technology Holdings Ltd (as of Nov 11, 2026): return on equity 2.3%, debt of 0.69 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 6451 from its 52-week high?
Shunsin Technology Holdings Ltd trades at 290.50 TWD, about 60% below its 52-week high of 724.00 TWD and 118% above the low of 133.50 TWD (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of 449.24 TWD is for.
Which stocks are comparable to Shunsin Technology Holdings Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, 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 Shunsin Technology Holdings Ltd stock attractive at the current price?
The data as of Nov 11, 2026: price 290.50 TWD, calculated fair value 449.24 TWD (+55%), Quality Score 46/100, from 15 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 6451 calculated?
We run Shunsin Technology Holdings Ltd through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 449.24 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 14.0% above its aggregate fair value. Shunsin Technology Holdings Ltd currently trades 35% 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 Shunsin Technology Holdings Ltd (6451)?
The closing price on Nov 11, 2026 was 290.50 TWD. Our model-based fair value is 449.24 TWD, about +55% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shunsin Technology Holdings Ltd right now?
The large discount to fair value meets weak quality (46/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (337.26 TWD). The market is more pessimistic than our downside scenario.
Where does the earnings growth of Shunsin Technology Holdings Ltd (6451) come from?
Earnings per share at Shunsin Technology Holdings Ltd grew −20.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share −3.6 %, EBIT margin −16.1 %, tax rate −3.8 %, residual (interest, one-offs) +2.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Shunsin Technology Holdings Ltd
How large is the market capitalisation of Shunsin Technology Holdings Ltd (6451)?
The market capitalisation of Shunsin Technology Holdings Ltd is 33.2B TWD (≈ $1.0B). 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 Shunsin Technology Holdings Ltd (6451)?
The price-to-sales ratio of Shunsin Technology Holdings Ltd is 4.25 (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 Shunsin Technology Holdings Ltd (6451)?
Earnings per share at Shunsin Technology Holdings Ltd are 1.18 TWD (price ÷ EPS = P/E 246.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shunsin Technology Holdings Ltd (6451)?
The dividend yield of Shunsin Technology Holdings Ltd is 0.1% (payout 23.6%). 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 Shunsin Technology Holdings Ltd (6451)?
The net margin of Shunsin Technology Holdings Ltd is 1.7% (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 Shunsin Technology Holdings Ltd (6451)?
The return on equity (ROE) of Shunsin Technology Holdings Ltd is 2.3% (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 Shunsin Technology Holdings Ltd (6451)?
On an EBIT basis the return on assets of Shunsin Technology Holdings Ltd is 0.3% (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 Shunsin Technology Holdings Ltd (6451)?
The operating margin of Shunsin Technology Holdings Ltd is 2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shunsin Technology Holdings Ltd (6451)?
Revenue at Shunsin Technology Holdings Ltd is growing +12.7% versus a year earlier (3y avg +12.3%). 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 Shunsin Technology Holdings Ltd (6451)?
Earnings per share at Shunsin Technology Holdings Ltd are growing +209% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shunsin Technology Holdings Ltd (6451) generate?
The free cash flow of Shunsin Technology Holdings Ltd is −2.6B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shunsin Technology Holdings Ltd (6451) carry?
The net debt of Shunsin Technology Holdings Ltd is 4.8B TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Why does Shunsin Technology Holdings Ltd not meet the fair value rule although the fair value shown is higher?
Trough year lifted: 224.62 TWD → 449.24 TWD. The latest year was a trough or loss year. So we calculate with a normal year: 449.24 TWD instead of 224.62 TWD. As in the backtest, the fair value rule checks the value before: -23% against the price.
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Some data
Nov 11, 2026