EN DE

TES Touch Embedded Solutions (Xiamen) Co (003019) Fair Value & Analysis

Technology · CN · Market cap 5.8B CNY

TT TES Touch Embedded Solutions (Xiamen) Co 003019 · SHE
Price¥24.05
Fair Value¥19.19
Upside-20.2%
Quality58/100
Watch TES Touch Embedded Solutions (Xiamen) Co for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 6.9% net margin
Low debt · generates free cash flow
1.58% dividend yield
Ranks above peers (9/14)
Narrow moat 43/100
Evidence: High Range ¥11.58 – ¥24.22 Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥21.07 to ¥19.19 (−8.9%) since Jun 25, 2026. Share price −9.0% over the past month.

A solid business, but screening 20% overvalued on our models.

What matters now

  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥11.58 to ¥24.22) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

¥43.72 ¥14.55 Fair Value ¥19.19 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥14.55 – ¥43.72 · fair‑value band ¥11.58 – ¥24.22 · the ¥24.05 price screens above the ¥19.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

TES Touch Embedded Solutions (Xiamen) Co (003019) currently trades at ¥24.05, while our model-based Fair Value estimate is ¥19.19, implying the stock looks roughly 20.2% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, TES Touch Embedded Solutions (Xiamen) Co generated revenue of 2.5B CNY at a net margin of 6.9%. Revenue declined 6.0% year over year. It earns a return on equity of 9.7%. Net debt stands at 169M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥11.58 (bear case) to ¥24.22 (bull case); at ¥24.05, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 49% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -20%, 003019 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥6.52 ¥9.98 ¥15.63 80
Residual Income ¥8.69 ¥9.85 ¥16.04 76
Rev-Margin DCF ¥11.10 ¥19.45 ¥30.38 74
All 26 models by family
DCF Models
FCF DCF ¥6.59 ¥10.46 ¥17.06 38
Owner Earnings ¥13.69 ¥23.29 ¥39.67 31
5Y Revenue Exit ¥11.10 ¥19.83 ¥32.05 39
5Y EBITDA Exit ¥12.73 ¥23.24 ¥36.77 41
5Y P/E Exit ¥13.57 ¥24.99 ¥38.38 38
10Y Revenue Exit ¥9.09 ¥16.78 ¥29.21 36
10Y EBITDA Exit ¥10.54 ¥19.24 ¥33.12 37
10Y P/E Exit ¥11.09 ¥20.51 ¥34.46 35
Earnings-Based
Graham-Dodd ¥7.46 ¥36.29 ¥49.99 54
Lynch FV ¥9.72 ¥13.89 ¥18.06 50
PEG = 1.0 ¥9.72 ¥13.89 ¥18.06 46
EPV ¥11.53 ¥13.07 ¥14.39 59
Dividend Discount
Gordon GGM ¥5.09 ¥10.14 ¥15.36 70
DDM Multi-Stage ¥5.09 ¥8.77 ¥10.71 61
Multiples
P/E Multiple ¥16.46 ¥21.95 ¥27.43 63
P/S Multiple ¥13.99 ¥18.66 ¥23.32 58
P/B Multiple ¥13.99 ¥18.66 ¥23.32 55
EV/EBIT ¥19.06 ¥24.82 ¥30.58 53
EV/EBITDA ¥16.89 ¥21.93 ¥26.96 54
EV/Revenue ¥13.43 ¥18.42 ¥23.41 43
Asset-Based
NCAV (Graham) ¥4.83 ¥6.47 ¥9.65 50
Growth DCF
Growth DCF ¥6.52 ¥9.98 ¥15.63 80
Rev-Margin DCF ¥11.10 ¥19.45 ¥30.38 74
Economic Profit
Residual Income ¥8.69 ¥9.85 ¥16.04 76
ROIC Compounder ¥12.37 ¥16.08 ¥20.99 72
Growth Earnings
Growth-Adj P/E ¥14.70 ¥21.00 ¥27.31 68

Widest divergence: Growth Earnings (¥21.00) versus Asset-Based (¥6.47). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.5B CNY
Revenue growth (YoY) -6.0%
Net margin 6.9%
Return on equity 9.7%
Free cash flow 68.2M CNY FY2025
P/E ratio 32.3
More key figures
Operating margin 7.3%
EPS (TTM) ¥1.01
Dividend yield 1.6%
EPS growth (YoY) -42.9%
Net debt 169M CNY FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 25

Profitability 48
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

TES Touch Embedded Solutions (Xiamen) Co., Ltd. engages in the research, development, design, manufacture, and sale of touchscreen products in Taiwan and internationally. It operates through three segments: ODM; MicroTouch brand; and smart cockpit.

Full company description

TES Touch Embedded Solutions (Xiamen) Co., Ltd. engages in the research, development, design, manufacture, and sale of touchscreen products in Taiwan and internationally. It operates through three segments: ODM; MicroTouch brand; and smart cockpit. The company offers customized PCBA design; medical grade, desktop, open frame, and gaming touch monitors; box PC / industrial embedded PC; digital signage; display modules; kiosk machines; and OEM solutions. It also engages in product design, hardware and software selection, and manufacturing and verification services. It offers products for retail, financial, manufacturing, fitness, transportation, logistics, gaming, and education/office industries. The company was founded in 2015 and is headquartered in Xiamen, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TES Touch Embedded Solutions (Xiamen) Co reported revenue of ¥2.5B in FY2025 versus ¥1.6B in FY2021, a compound +12.2%/yr. Reported net income was ¥194M in FY2025, compounding +6.5%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.5B CNY
Latest YoY
+13.9%
Avg. growth/yr (3Y)
+11.6%
Avg. growth/yr (5Y)
+16.1%
Avg. growth/yr (9Y)
+8.4%
Revenue +12.2%/yr
FY21 ¥1.6B
FY22 ¥1.8B
FY23 ¥1.7B
FY24 ¥2.2B
FY25 ¥2.5B
Net income +6.5%/yr
FY21 ¥151M
FY22 ¥261M
FY23 ¥159M
FY24 ¥188M
FY25 ¥194M

003019 screens 20% overvalued. Compare with Delta Electronics, Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

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.

Cite: Fair Value Calculator (2026). "TES Touch Embedded Solutions (Xiamen) Co Fair Value". https://www.fairvalue-calculator.com/stock/003019

Peer Group

Electronic Components · 626 stocks

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.

Quality Score 58 · Above median
Fair Value upside −20% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth -6% · Below median
Dividend yield (TTM) 1.6% · Above median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 32.3× · Cheaper than median
P/B 3.38× · Pricier than median
P/S (TTM) 2.33× · Pricier than median
P/FCF 12.6× · Pricier than 75% of peers
EV/EBITDA 23.8× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 6 · sector 0
FUTURE 0 · sector 32
PAST 39 · sector 24
HEALTH 98 · sector 95
DIVIDEND 32 · sector 25

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

Compare TES Touch Embedded Solutions (Xiamen) Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is TES Touch Embedded Solutions (Xiamen) Co (003019) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥19.19 versus a price of ¥24.05, about −20% (overvalued).
What is the fair value of 003019?
Our model-based fair value for TES Touch Embedded Solutions (Xiamen) Co is ¥19.19 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥24.05.
What is the quality score of 003019?
TES Touch Embedded Solutions (Xiamen) Co has a Quality Score of 58/100. 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 revenue of TES Touch Embedded Solutions (Xiamen) Co (003019)?
TES Touch Embedded Solutions (Xiamen) Co reported trailing-twelve-month revenue of about 2.5B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 003019?
The net profit margin of TES Touch Embedded Solutions (Xiamen) Co is about 6.9%, meaning it keeps roughly 6.9% of revenue as net income. Based on the latest reported figures.
Does TES Touch Embedded Solutions (Xiamen) Co pay a dividend?
TES Touch Embedded Solutions (Xiamen) Co currently shows a dividend yield of about 1.58% relative to its recent price (as of Jul 22, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track TES Touch Embedded Solutions (Xiamen) Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.