Walsin Lihwa Corp (1605) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Walsin Lihwa Corp TWD 15.07, price TWD 36.65, upside -58.9%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 17.11 TWD – 52.61 TWD · fair‑value band 11.30 TWD – 18.70 TWD · the 36.65 TWD price screens above the 15.07 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Walsin Lihwa Corporation engages in the manufacture and sale of wires and cables, and stainless-steel products in Asia, the United States, Europe, and internationally. The company operates through Wires and Cables; Stainless Steel; Resource; Real Estate; and Administration and Investing segments.
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Walsin Lihwa Corporation engages in the manufacture and sale of wires and cables, and stainless-steel products in Asia, the United States, Europe, and internationally. The company operates through Wires and Cables; Stainless Steel; Resource; Real Estate; and Administration and Investing segments. It also offers copper wires and rods, power cables, communication cables, optical cables, industrial cables, steel cable and wire, and submarine cables for use in power, telecommunication, electrical engineering, information household appliance, construction, ship, heavy machinery, solar power, wind power, and electric vehicles; and copper rods, connectors, and components. In addition, the company provides stainless steel products, including billets, slabs, ingots, hot-rolled bars, cold- and hot-rolled coils, wire rods, cold-finished bars, seamless pipes and tubes, and precision foils. Further, the company engages in the production and sale of nickel pig iron and nickel matte. Further, it designs, installs, and manages solar power systems; invests in rental design and interior decoration business; and manufactures and sells flat-rolled products, and alloy materials. Additionally, the company provides mechanical, electrical, communications, and power systems; waste disposal, resource recovery, and cement products; solar power systems; and business and assets management, consulting, and advertising services. It also provides property and asset management services. The company was incorporated in 1966 and is headquartered in Taipei, Taiwan.
Stock analysis
Walsin Lihwa Corp (1605) currently trades at 36.65 TWD, while our model-based Fair Value estimate is 15.07 TWD, implying the stock looks roughly 143.2% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 25.29 TWD per share, and 0 of the 10 models we run sit above the 36.65 TWD price.
Bear case: the Dividend Discount group reads lowest at 5.85 TWD, and 10 of the 10 models stay below the price. Evidence for this calculation is medium.
Scenario range: 11.30 TWD (bear) to 18.70 TWD (bull), the price of 36.65 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 44/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Walsin Lihwa Corp reported revenue of 174B TWD in FY2025 versus 157B TWD in FY2021, a compound +2.7%/yr. Reported net income was 3.2B TWD in FY2025, compounding −31.7%/yr from FY2021.
Key figures
Market cap 144B TWD (≈ $4.5B) · P/E ratio 48.9 · P/S ratio 0.89 · EPS (TTM) 0.7500 TWD · Dividend yield 1.4% · Net margin 1.8% · Return on equity 3.3% · Return on assets (EBIT) 4.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 56% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −59%, 1605 screens richer than that median.
Fair Value models
Bear 11.30 TWDFair Value 15.07 TWDBull 18.70 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1829 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.Evidence ⓘEvidence = 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.41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.8%
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.
−1.2%
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.
+9.1%
Start year 2020 (pandemic). Over 10 years: +1.6% a year
Revenue growth 25 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.
+6.3%
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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. 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.
−11.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.7%
Dividend (yield on the price)1.4%
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.−13% vs 5%, 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.8% → 0%
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.Steel · 412 stocks
Beats the industry median on 2/14 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−59% · Bottom 25%
Profitability
Return on equity (TTM)3% · Below median
Return on assets0% · Below median
Net margin (TTM)4% · Above median
Operating margin (TTM)1% · Below median
Growth and dividend
Revenue growth−8% · Below median
Dividend yield (TTM)1.4% · Below median
Balance sheet
Debt / equity0.35× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
P/E (TTM)48.9× · Priciest 25%
P/B0.87× · Cheaper than median
P/S (TTM)0.85× · Pricier than median
EV/EBITDA24.9× · Priciest 25%
PEG5.31× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 18
FUTURE (revenue growth)0· sector 2
PAST (return on equity)13· sector 15
HEALTH (low debt)82· sector 95
DIVIDEND (yield)27· sector 49
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 Walsin Lihwa Corp (1605) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 15.07 TWD versus a price of 36.65 TWD, about −59% upside (overvalued).
What is the fair value of 1605?
Our model-based fair value for Walsin Lihwa Corp is 15.07 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 36.65 TWD.
What is the quality score of 1605?
Walsin Lihwa Corp has a Quality Score of 44/100. 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 Walsin Lihwa Corp (1605)?
Our model-based price target is the fair value of 15.07 TWD (as of Sep 24, 2026) from 10 valuation models. Cautious scenario 11.30 TWD, optimistic scenario 18.70 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Walsin Lihwa Corp stock forecast for 2026?
Our models put fair value at 15.07 TWD, about −59% upside versus a price of 36.65 TWD (overvalued). Cautious scenario 11.30 TWD, optimistic scenario 18.70 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Walsin Lihwa Corp (1605)?
Walsin Lihwa Corp reported trailing-twelve-month revenue of about 170B TWD (latest available figure, as of Sep 24, 2026).
Does Walsin Lihwa Corp pay a dividend?
Walsin Lihwa Corp currently shows a dividend yield of about 1.36% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Walsin Lihwa Corp (1605)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Walsin Lihwa Corp it is 15.07 TWD per share (as of Sep 24, 2026), against a price of 36.65 TWD. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Walsin Lihwa Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1605 trades above its calculated fair value: price 36.65 TWD, fair value 15.07 TWD, a gap of about −59% (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 1605?
No. The price is what the market pays today (36.65 TWD); the fair value is what the company's own numbers justify (15.07 TWD). For Walsin Lihwa Corp the two are 21.58 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Walsin Lihwa Corp worth?
The market values Walsin Lihwa Corp at about 144B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 36.65 TWD; our models calculate a fair value of 15.07 TWD per share.
What do the bullish and bearish scenarios say about 1605?
Our models span a range for Walsin Lihwa Corp: cautious scenario 11.30 TWD, base 15.07 TWD, optimistic 18.70 TWD per share (as of Sep 24, 2026, price 36.65 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1605?
Walsin Lihwa Corp trades at a price-to-earnings ratio of 48.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 15.07 TWD is built from several models across several years. Other multiples: PEG 5.3, P/B 0.9, P/S 0.8, EV/EBITDA 24.9.
What is the PEG ratio of 1605?
The PEG ratio of Walsin Lihwa Corp is 5.31 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Walsin Lihwa Corp (1605)?
Balance-sheet figures for Walsin Lihwa Corp (as of Sep 24, 2026): return on equity 3.3%, debt of 0.35 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 1605 from its 52-week high?
Walsin Lihwa Corp trades at 36.65 TWD, about 16% below its 52-week high of 43.66 TWD and 56% above the low of 23.51 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 15.07 TWD is for.
Which stocks are comparable to Walsin Lihwa Corp?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata Steel Limited, 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 Walsin Lihwa Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 36.65 TWD, calculated fair value 15.07 TWD (−59%), Quality Score 44/100, from 10 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 1605 calculated?
We run Walsin Lihwa Corp through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 15.07 TWD, 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 14.1 % above its aggregate fair value. Walsin Lihwa 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 Walsin Lihwa Corp (1605)?
The closing price on Sep 24, 2026 was 36.65 TWD. Our model-based fair value is 15.07 TWD, about −59% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Walsin Lihwa Corp right now?
The price sits above even our optimistic bull case (18.70 TWD). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Walsin Lihwa Corp (1605) come from?
Earnings per share at Walsin Lihwa Corp grew +2.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.6 %, EBIT margin −4.6 %, tax rate +2.9 %, 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 Walsin Lihwa Corp
How large is the market capitalisation of Walsin Lihwa Corp (1605)?
The market capitalisation of Walsin Lihwa Corp is 144B TWD (≈ $4.5B). 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 Walsin Lihwa Corp (1605)?
The price-to-sales ratio of Walsin Lihwa Corp is 0.89 (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 Walsin Lihwa Corp (1605)?
Earnings per share at Walsin Lihwa Corp are 0.7500 TWD (price ÷ EPS = P/E 48.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Walsin Lihwa Corp (1605)?
The dividend yield of Walsin Lihwa Corp is 1.4% (payout 66.7%). 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 Walsin Lihwa Corp (1605)?
The net margin of Walsin Lihwa Corp is 1.8% (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 Walsin Lihwa Corp (1605)?
The return on equity (ROE) of Walsin Lihwa Corp is 3.3% (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 Walsin Lihwa Corp (1605)?
On an EBIT basis the return on assets of Walsin Lihwa Corp is 4.0% (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 Walsin Lihwa Corp (1605)?
The operating margin of Walsin Lihwa Corp is 1.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Walsin Lihwa Corp (1605)?
Revenue at Walsin Lihwa Corp is growing −8.4% versus a year earlier (3y avg −1.2%). 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 Walsin Lihwa Corp (1605)?
Earnings per share at Walsin Lihwa Corp are growing +380% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Walsin Lihwa Corp (1605) generate?
The free cash flow of Walsin Lihwa Corp is −6.4B 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 Walsin Lihwa Corp (1605) carry?
The net debt of Walsin Lihwa Corp is 76.6B 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.
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