Horng Terng Automation Co., Ltd (7751) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Horng Terng Automation Co., Ltd stock TWD 810, price TWD 1,005, that is 19.4% below the price, quality 64 out of 100. Rating: overvalued. 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 6, 2026.
How to read this chart
29‑month range 188.41 TWD – 2,715 TWD · fair‑value band 587.08 TWD – 1,171 TWD · the 1,005 TWD price screens above the 810.30 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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Horng Terng Automation Co., Ltd. engages in the research and development, manufacturing, and sales of semiconductor automation equipment.
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The company offers advanced indium processing and heatsink solution machine, high-pressure dispensing and lid attach machine, advanced flux jetting indium attach machine, film tim attach machine, substrate flux jetting, and product exchanged machine; inspection machine; open and short testing solutions; and upper and lower covers and wiring system, die bond automated, heatsink pick and flip and inspection machine, and chip-on-wafer automated inline equipment.
Horng Terng Automation Co., Ltd. was founded in 1994 and is based in Kaohsiung, Taiwan.
Stock analysis
Horng Terng Automation Co., Ltd (7751) currently trades at 1,005 TWD, while our model-based Fair Value estimate is 810.30 TWD, 19% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 652.21 TWD per share, and 0 of the 26 models we run sit above the 1,005 TWD price.
Bear case: the Asset-Based group reads lowest at 83.16 TWD, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 587.08 TWD (bear) to 1,171 TWD (bull), the price of 1,005 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 64/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Horng Terng Automation Co., Ltd reported revenue of 1.9B TWD in FY2025 versus 1.2B TWD in FY2021, a compound +11.9%/yr. Reported net income was 519M TWD in FY2025, compounding +18.6%/yr from FY2021.
Key figures
Market cap 35.9B TWD (≈ $1.1B) Small · P/E ratio 42.5 · P/S ratio 14.9 · EPS (TTM) 23.64 TWD · Dividend yield 1.8% · Net margin 28.9% · Return on equity 39.5% · Return on assets (EBIT) 15.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 89 out of 100 (low confidence).
What moves the price
The share trades about 63% below its 52-week high and 140% 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 −19%, 7751 screens richer than that median.
Fair Value models
Bear587.08 TWDFair Value 810.30 TWDBull1,171 TWD
Price 1,005 TWD · Downside -19.4%
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 (4.84 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.99/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+62.4%
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.
+13.5%
’21
’22
’23
’24
’25
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.
+8.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.6%
Dividend (yield on the price)1.8%
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.30% → 35%
2025 sits 61% 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).
+35.4%
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 +33.3% a year for the price.
Compare Horng Terng Automation Co., Ltd with another stock
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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.Semiconductor Equipment & Materials · 235 stocks
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 Horng Terng Automation Co., Ltd (7751) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 810.30 TWD versus a price of 1,005 TWD, about 19% lower (overvalued).
What is the fair value of 7751?
Our model-based fair value for Horng Terng Automation Co., Ltd is 810.30 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 1,005 TWD.
What is the quality score of 7751?
Horng Terng Automation Co., Ltd has a Quality Score of 64/100. 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 Horng Terng Automation Co., Ltd (7751)?
Our model-based price target is the fair value of 810.30 TWD (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 587.08 TWD, optimistic scenario 1,171 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Horng Terng Automation Co., Ltd stock forecast for 2026?
Our models put fair value at 810.30 TWD, about 19% lower versus a price of 1,005 TWD (overvalued). Cautious scenario 587.08 TWD, optimistic scenario 1,171 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Horng Terng Automation Co., Ltd (7751)?
Horng Terng Automation Co., Ltd reported trailing-twelve-month revenue of about 2.4B TWD (latest available figure, as of Nov 6, 2026).
Does Horng Terng Automation Co., Ltd pay a dividend?
Horng Terng Automation Co., Ltd currently shows a dividend yield of 1.79% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Horng Terng Automation Co., Ltd (7751) and when is the ex-dividend date?
Horng Terng Automation Co., Ltd pays a dividend of 18.00 TWD per share a year, a dividend yield of 1.8%. The last ex-dividend date was Mar 31, 2026. The payout ratio is 76.1% of earnings. Free cash flow covers the dividend 1.12 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Horng Terng Automation Co., Ltd (7751)?
For today's price to be fair in a discounted-cash-flow model, Horng Terng Automation Co., Ltd would have to grow free cash flow by +35.4 % per year for five years (discount rate 13.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +11.9 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 7751 use?
Our models discount Horng Terng Automation Co., Ltd at 13.2 %: a base by market capitalisation (small), damped by beta 1.47, 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 Horng Terng Automation Co., Ltd that is +35.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.2 %) and the same formula as our fair value.
How much growth has Horng Terng Automation Co., Ltd (7751) delivered so far?
Over the past 4 years revenue at Horng Terng Automation Co., Ltd grew +11.9 % a year. The price currently implies free-cash-flow growth of +35.4 % 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 Horng Terng Automation Co., Ltd (7751) growing?
The median revenue growth in the sector is +16.1 % a year. That is the yardstick for the growth priced into Horng Terng Automation Co., Ltd (+35.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Horng Terng Automation Co., Ltd (7751)?
The free-cash-flow yield on the price is 2.00 %: that much free cash flow Horng Terng Automation Co., Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Horng Terng Automation Co., Ltd (7751)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Horng Terng Automation Co., Ltd it is 810.30 TWD per share (as of Nov 6, 2026), against a price of 1,005 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 Horng Terng Automation Co., Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 7751 trades above its calculated fair value: price 1,005 TWD, fair value 810.30 TWD, a gap of about −19% (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 7751?
No. The price is what the market pays today (1,005 TWD); the fair value is what the company's own numbers justify (810.30 TWD). For Horng Terng Automation Co., Ltd the two are 194.70 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Horng Terng Automation Co., Ltd worth?
The market values Horng Terng Automation Co., Ltd at about 35.9B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 1,005 TWD; our models calculate a fair value of 810.30 TWD per share.
What do the bullish and bearish scenarios say about 7751?
Our models span a range for Horng Terng Automation Co., Ltd: cautious scenario 587.08 TWD, base 810.30 TWD, optimistic 1,171 TWD per share (as of Nov 6, 2026, price 1,005 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 7751?
Horng Terng Automation Co., Ltd trades at a price-to-earnings ratio of 42.5 (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 810.30 TWD is built from several models across several years. Other multiples: P/B 14.5, P/S 14.9, EV/EBITDA 39.4.
How solid is the balance sheet of Horng Terng Automation Co., Ltd (7751)?
Balance-sheet figures for Horng Terng Automation Co., Ltd (as of Nov 6, 2026): return on equity 39.5%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 7751 from its 52-week high?
Horng Terng Automation Co., Ltd trades at 1,005 TWD, about 63% below its 52-week high of 2,715 TWD and 140% above the low of 417.92 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 810.30 TWD is for.
Which stocks are comparable to Horng Terng Automation Co., Ltd?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, 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 Horng Terng Automation Co., Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 1,005 TWD, calculated fair value 810.30 TWD (−19%), Quality Score 64/100, 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 7751 calculated?
We run Horng Terng Automation Co., Ltd 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 810.30 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. Horng Terng Automation Co., Ltd 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 Horng Terng Automation Co., Ltd (7751)?
The closing price on Nov 6, 2026 was 1,005 TWD. Our model-based fair value is 810.30 TWD, about 19% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Horng Terng Automation Co., Ltd right now?
Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (587.08 TWD to 1,171 TWD) leaves room in how you read the outcome.
Key figures of Horng Terng Automation Co., Ltd
How large is the market capitalisation of Horng Terng Automation Co., Ltd (7751)?
The market capitalisation of Horng Terng Automation Co., Ltd is 35.9B TWD (≈ $1.1B). 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 Horng Terng Automation Co., Ltd (7751)?
The price-to-sales ratio of Horng Terng Automation Co., Ltd is 14.9 (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 Horng Terng Automation Co., Ltd (7751)?
Earnings per share at Horng Terng Automation Co., Ltd are 23.64 TWD (price ÷ EPS = P/E 42.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Horng Terng Automation Co., Ltd (7751)?
The dividend yield of Horng Terng Automation Co., Ltd is 1.8% (payout 76.1%). 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 Horng Terng Automation Co., Ltd (7751)?
The net margin of Horng Terng Automation Co., Ltd is 28.9% (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 Horng Terng Automation Co., Ltd (7751)?
The return on equity (ROE) of Horng Terng Automation Co., Ltd is 39.5% (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 Horng Terng Automation Co., Ltd (7751)?
On an EBIT basis the return on assets of Horng Terng Automation Co., Ltd is 15.9% (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 Horng Terng Automation Co., Ltd (7751)?
The operating margin of Horng Terng Automation Co., Ltd is 31.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Horng Terng Automation Co., Ltd (7751)?
Revenue at Horng Terng Automation Co., Ltd is growing +63.4% versus a year earlier (3y avg +13.5%). 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 Horng Terng Automation Co., Ltd (7751)?
Earnings per share at Horng Terng Automation Co., Ltd are growing +68.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Horng Terng Automation Co., Ltd (7751) hold?
Horng Terng Automation Co., Ltd holds more cash than debt, 1.1B TWD net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 6, 2026