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Hua Eng Wire & Cable Co (1608) Fair Value & Analysis

Industrials · TW · Market cap 13.3B TWD

HE Hua Eng Wire & Cable Co 1608 · TW
Price35.75 TWD
Fair Value52.42 TWD
Upside+46.6%
Quality57/100
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Expensive Growth
Solidly profitable · 19.5% net margin
Low debt · negative free cash flow
5.96% dividend yield
Ranks above peers (13/13)
Moderate moat 62/100
Evidence: Medium Range 38.28 TWD – 66.78 TWD Share as image

Fair value as of: Jul 21, 2026

From 15 valuation models · updated 21 days ago

Fair value updated Jul 21, 2026, revised from 52.50 TWD to 52.42 TWD (−0.2%) since Jul 7, 2026. Share price +5.0% over the past month.

A solid business, screening 47% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (38.28 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

44.45 TWD 11.28 TWD Fair Value 52.42 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 11.28 TWD – 44.45 TWD · fair‑value band 38.28 TWD – 66.78 TWD · the 35.75 TWD price screens below the 52.42 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Hua Eng Wire & Cable Co (1608) currently trades at 35.75 TWD, while our model-based Fair Value estimate is 52.42 TWD, implying the stock looks roughly 46.6% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Hua Eng Wire & Cable Co generated revenue of 12.0B TWD at a net margin of 19.5%. Revenue grew 22.2% year over year. It earns a return on equity of 24.5%. Net debt stands at 3.3B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 38.28 TWD (bear case) to 66.78 TWD (bull case); at 35.75 TWD, the current price sits below 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 15% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 47%, 1608 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 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
Highest evidence
Residual Income 36.70 TWD 50.23 TWD 280.30 TWD 76
ROIC Compounder 17.09 TWD 19.81 TWD 22.18 TWD 72
Gordon GGM 12.48 TWD 13.66 TWD 15.45 TWD 70
All 15 models by family
DCF Models
Owner Earnings 52.80 TWD 73.21 TWD 111.03 TWD 31
Earnings-Based
Graham-Dodd 37.42 TWD 45.74 TWD 51.46 TWD 54
EPV 17.09 TWD 19.81 TWD 22.18 TWD 59
Dividend Discount
Gordon GGM 12.48 TWD 13.66 TWD 15.45 TWD 70
DDM Multi-Stage 12.48 TWD 15.65 TWD 20.11 TWD 61
Multiples
P/E Multiple 86.68 TWD 115.58 TWD 144.47 TWD 63
P/S Multiple 40.07 TWD 53.42 TWD 66.78 TWD 58
P/B Multiple 70.17 TWD 93.56 TWD 116.95 TWD 55
EV/EBIT 28.57 TWD 37.82 TWD 47.08 TWD 53
EV/EBITDA 27.20 TWD 36.00 TWD 44.81 TWD 54
EV/Revenue 20.62 TWD 29.11 TWD 37.60 TWD 43
Asset-Based
NCAV (Graham) 11.29 TWD 15.13 TWD 22.58 TWD 50
Economic Profit
Residual Income 36.70 TWD 50.23 TWD 280.30 TWD 76
ROIC Compounder 17.09 TWD 19.81 TWD 22.18 TWD 72
Growth Earnings
Growth-Adj P/E 61.21 TWD 87.44 TWD 113.67 TWD 68

Widest divergence: Growth Earnings (87.44 TWD) versus Dividend Discount (13.66 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 12.0B TWD
Revenue growth (YoY) +22.2%
Net margin 19.5%
Return on equity 24.5%
Free cash flow −472M TWD FY2025
P/E ratio 6.3
More key figures
Operating margin 12.2%
EPS (TTM) 5.48 TWD
Dividend yield 6.0%
EPS growth (YoY) +0.6%
Net debt 3.3B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 54 · Market factors (momentum, volatility) 55

Profitability 62
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 80
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

Hua Eng Wire & Cable Co., Ltd. engages in wire and cable business in Taiwan. It offers oxygen-free copper wire for various wires and cables, and ultra-thin electronic wires; special oxygen free copper, a special copper material for wind power generation and electric vehicle industries; communication cables for digital transmission of communication and …

Full company description

Hua Eng Wire & Cable Co., Ltd. engages in wire and cable business in Taiwan. It offers oxygen-free copper wire for various wires and cables, and ultra-thin electronic wires; special oxygen free copper, a special copper material for wind power generation and electric vehicle industries; communication cables for digital transmission of communication and network information; bare copper wire aluminum conductors; and turn-key engineering, optical fiber, power, and communication cable. The company was formerly known as Hua Eng copper and Iron Industrial Co., Ltd. and changed its name to Hua Eng Wire & Cable Co., Ltd. in October 1987. Hua Eng Wire & Cable Co., Ltd. was incorporated in 1956 and is headquartered in Kaohsiung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hua Eng Wire & Cable Co reported revenue of 11.3B TWD in FY2025 versus 10.5B TWD in FY2021, a compound +2.0%/yr. Reported net income was 2.3B TWD in FY2025, compounding +13.9%/yr from FY2021.

Growth Quality 56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
11.3B TWD
Latest YoY
+0.0%
Avg. growth/yr (3Y) 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.
+1.8%
Avg. growth/yr (5Y) 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.
+8.8%
Avg. growth/yr (22Y) 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.
+1.1%
Revenue +2.0%/yr
FY21 10.5B TWD
FY22 10.7B TWD
FY23 9.8B TWD
FY24 11.3B TWD
FY25 11.3B TWD
Net income +13.9%/yr
FY21 1.4B TWD
FY22 89.7M TWD
FY23 948M TWD
FY24 656M TWD
FY25 2.3B TWD

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Cite: Fair Value Calculator (2026). "Hua Eng Wire & Cable Co Fair Value". https://www.fairvalue-calculator.com/stock/1608

Peer Group

Electrical Equipment & Parts · 526 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 57 · Above median
Fair Value upside +47% · Top 25%
Return on equity (TTM) 25% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 12% · Above median
Revenue growth 22% · Above median
Dividend yield (TTM) 6.0% · Top 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 5.7× · Cheaper than 75% of peers
P/B 1.39× · Cheaper than median
P/S (TTM) 1.12× · Cheaper than median
EV/EBITDA 10.9× · Cheaper 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 95 · sector 0
FUTURE 100 · sector 57
PAST 98 · sector 26
HEALTH 100 · sector 97
DIVIDEND 100 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Hua Eng Wire & Cable Co (1608) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 52.42 TWD versus a price of 35.75 TWD, about +47% (undervalued).
What is the fair value of 1608?
Our model-based fair value for Hua Eng Wire & Cable Co is 52.42 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 35.75 TWD.
What is the quality score of 1608?
Hua Eng Wire & Cable Co has a Quality Score of 57/100. 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 Hua Eng Wire & Cable Co (1608)?
Hua Eng Wire & Cable Co reported trailing-twelve-month revenue of about 12.0B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 1608?
The net profit margin of Hua Eng Wire & Cable Co is about 19.5%, meaning it keeps roughly 19.5% of revenue as net income. Based on the latest reported figures.
Does Hua Eng Wire & Cable Co pay a dividend?
Hua Eng Wire & Cable Co currently shows a dividend yield of about 5.96% relative to its recent price (as of Jul 21, 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.

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