Spec Products Corp (7718) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Spec Products Corp stock TWD 29.09, price TWD 45.90, that is 36.6% below the price, quality 42 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 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 4, 2026.
How to read this chart
33‑month range 38.34 TWD – 55.78 TWD · fair‑value band 26.90 TWD – 30.84 TWD · the 45.90 TWD price screens above the 29.09 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Spec Products Corp. manufactures nuts, screws, bolts, fasteners, washers, and pins for industrial and automotive customers.
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It offers ball studs, clinch-studs, comby nuts, re-heading parts, rivet nuts, sems, self-locking nuts, small screws, sleeve bolts, terminal SEMS, tubings spacers, weld nuts, weld nuts by stamping, and weld studs; turning parts; stamping parts; assembly parts; MAThread; nuts for automotive application; aluminum products; stainless and titanium fastener; locking and sealing process; and other products.
It serves automotive, industrial, mining, shipping, electronic, construction, and farming industry. Spec Products Corp. was founded in 2001 and is based in Tainan City, Taiwan.
Stock analysis
Spec Products Corp (7718) currently trades at 45.90 TWD, while our model-based Fair Value estimate is 29.09 TWD, 37% 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 66.56 TWD per share, and 7 of the 14 models we run sit above the 45.90 TWD price.
Bear case: the Asset-Based group reads lowest at 17.43 TWD, and 7 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 26.90 TWD (bear) to 30.84 TWD (bull), the price of 45.90 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 42/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Spec Products Corp reported revenue of 2.4B TWD in FY2025 versus 2.4B TWD in FY2021, a compound +0.2%/yr. Reported net income was 169M TWD in FY2025, compounding +10.8%/yr from FY2021.
Key figures
Market cap 2.1B TWD (≈ $63.7M) Micro · P/E ratio 8.2 · P/S ratio 0.84 · EPS (TTM) 5.59 TWD · Dividend yield 5.4% · Net margin 10.3% · Return on equity 17.1% · Return on assets (EBIT) 10.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at −37%, 7718 screens richer than that median.
Fair Value models
Bear26.90 TWDFair Value 29.09 TWDBull30.84 TWD
Price 45.90 TWD · Downside -36.6%
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 (2.65 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 Income27.51 TWD29.79 TWD33.11 TWD73
EPV31.65 TWD34.22 TWD36.28 TWD71
ROIC Compounder31.65 TWD34.23 TWD36.70 TWD69
All 14 models by family
Earnings-Based
Graham-Dodd25.21 TWD32.77 TWD37.53 TWD65
EPV31.65 TWD34.22 TWD36.28 TWD71
Dividend Discount
Gordon GGM23.54 TWD25.07 TWD27.30 TWD67
DDM Multi-Stage23.54 TWD27.21 TWD31.55 TWD65
Multiples
P/E Multiple58.40 TWD77.86 TWD97.33 TWD63
P/S Multiple47.27 TWD63.03 TWD78.79 TWD58
P/B Multiple114.62 TWD152.82 TWD191.03 TWD55
EV/EBIT52.00 TWD70.08 TWD88.15 TWD66
EV/EBITDA45.36 TWD61.23 TWD77.10 TWD67
EV/Revenue36.47 TWD53.06 TWD69.65 TWD53
Asset-Based
NCAV (Graham)11.51 TWD17.43 TWD21.79 TWD54
Economic Profit
Residual Income27.51 TWD29.79 TWD33.11 TWD73
ROIC Compounder31.65 TWD34.23 TWD36.70 TWD69
Growth Earnings
Growth-Adj P/E41.24 TWD58.91 TWD76.58 TWD65
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.30/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+1.4%
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.
−4.9%
’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. 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.
+5.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.4%
Dividend (yield on the price)5.4%
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.7% → 8%
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.Tools & Accessories · 128 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−36.6% · Below median
Profitability
Return on equity (12 months)17.1% · Top 25%
Return on assets8.1% · Top 25%
Net margin (12 months)10.3% · Above median
Operating margin (12 months)9.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)1.5% · Below median
Dividend yield (12 months)5.4% · Top 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Tools & Accessories median · lower = cheaper
P/E (12 months)8.2× · Cheapest 25%
P/B1.35× · Cheaper than median
P/S (12 months)0.84× · Cheaper than median
EV/EBITDA6.3× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)8· sector 58
PAST (return on equity)68· sector 31
HEALTH (low debt)97· sector 96
DIVIDEND (yield)100· sector 41
VALUE 0: the price sits above our fair-value range.
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 Spec Products Corp (7718) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 29.09 TWD versus a price of 45.90 TWD, about 37% lower (overvalued).
What is the fair value of 7718?
Our model-based fair value for Spec Products Corp is 29.09 TWD (as of Nov 4, 2026), built from audited fundamentals. The current price: 45.90 TWD.
What is the quality score of 7718?
Spec Products Corp has a Quality Score of 42/100. 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 Spec Products Corp (7718)?
Our model-based price target is the fair value of 29.09 TWD (as of Nov 4, 2026) from 14 valuation models. Cautious scenario 26.90 TWD, optimistic scenario 30.84 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Spec Products Corp stock forecast for 2026?
Our models put fair value at 29.09 TWD, about 37% lower versus a price of 45.90 TWD (overvalued). Cautious scenario 26.90 TWD, optimistic scenario 30.84 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Spec Products Corp (7718)?
Spec Products Corp reported trailing-twelve-month revenue of about 2.5B TWD (latest available figure, as of Nov 4, 2026).
Does Spec Products Corp pay a dividend?
Spec Products Corp currently shows a dividend yield of 5.45% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Spec Products Corp (7718) and when is the ex-dividend date?
Spec Products Corp pays a dividend of 2.50 TWD per share a year, a dividend yield of 5.4%. The last ex-dividend date was Jun 10, 2026. The payout ratio is 44.7% of earnings. 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 is the intrinsic value of Spec Products Corp (7718)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Spec Products Corp it is 29.09 TWD per share (as of Nov 4, 2026), against a price of 45.90 TWD. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Spec Products Corp stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 7718 trades above its calculated fair value: price 45.90 TWD, fair value 29.09 TWD, a gap of about −37% (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 7718?
No. The price is what the market pays today (45.90 TWD); the fair value is what the company's own numbers justify (29.09 TWD). For Spec Products Corp the two are 16.81 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Spec Products Corp worth?
The market values Spec Products Corp at about 2.1B TWD (market capitalisation, as of Nov 4, 2026). Per share that is 45.90 TWD; our models calculate a fair value of 29.09 TWD per share.
What do the bullish and bearish scenarios say about 7718?
Our models span a range for Spec Products Corp: cautious scenario 26.90 TWD, base 29.09 TWD, optimistic 30.84 TWD per share (as of Nov 4, 2026, price 45.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 7718?
Spec Products Corp trades at a price-to-earnings ratio of 8.2 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 29.09 TWD is built from several models across several years. Other multiples: P/B 1.4, P/S 0.8, EV/EBITDA 6.3.
How solid is the balance sheet of Spec Products Corp (7718)?
Balance-sheet figures for Spec Products Corp (as of Nov 4, 2026): return on equity 17.1%, debt of 0.05 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 7718 from its 52-week high?
Spec Products Corp trades at 45.90 TWD, about 12% below its 52-week high of 52.19 TWD and 17% above the low of 39.38 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 29.09 TWD is for.
Which stocks are comparable to Spec Products Corp?
From the same area (Industrials) we also value Techtronic Industries Company, Snap-on Incorporated, Stanley Black & Decker, Inc, Lincoln Electric 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 Spec Products Corp stock attractive at the current price?
The data as of Nov 4, 2026: price 45.90 TWD, calculated fair value 29.09 TWD (−37%), Quality Score 42/100, from 14 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 7718 calculated?
We run Spec Products Corp through 14 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 29.09 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. Spec Products 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 Spec Products Corp (7718)?
The closing price on Nov 9, 2026 was 45.90 TWD. Our model-based fair value is 29.09 TWD, about 37% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Spec Products Corp right now?
The price sits above even our optimistic bull case (30.84 TWD). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. The models converge in a tight band (26.90 TWD to 30.84 TWD), unusually little disagreement for a valuation.
Key figures of Spec Products Corp
How large is the market capitalisation of Spec Products Corp (7718)?
The market capitalisation of Spec Products Corp is 2.1B TWD (≈ $63.7M). 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 Spec Products Corp (7718)?
The price-to-sales ratio of Spec Products Corp is 0.84 (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 Spec Products Corp (7718)?
Earnings per share at Spec Products Corp are 5.59 TWD (price ÷ EPS = P/E 8.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Spec Products Corp (7718)?
The dividend yield of Spec Products Corp is 5.4% (payout 44.7%). 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 Spec Products Corp (7718)?
The net margin of Spec Products Corp is 10.3% (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 Spec Products Corp (7718)?
The return on equity (ROE) of Spec Products Corp is 17.1% (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 Spec Products Corp (7718)?
On an EBIT basis the return on assets of Spec Products Corp is 10.8% (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 Spec Products Corp (7718)?
The operating margin of Spec Products Corp is 9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Spec Products Corp (7718)?
Revenue at Spec Products Corp is growing +1.5% versus a year earlier (3y avg −4.9%). 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 Spec Products Corp (7718)?
Earnings per share at Spec Products Corp are growing +47.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Spec Products Corp (7718) generate?
The free cash flow of Spec Products Corp is −131M 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 Spec Products Corp (7718) carry?
The net debt of Spec Products Corp is 102M TWD (fiscal year 2023). 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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Nov 4, 2026