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Taiwan Sanyo Electric Co (1614) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 8.1B TWD

TS Taiwan Sanyo Electric Co 1614 · TW
Price30.85 TWD
Fair Value16.13 TWD
Upside-47.7%
Quality58/100
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Weak Growth
Thin margins · 6.5% net margin
Low debt · generates free cash flow
3.09% dividend yield
Mixed vs. peers (6/15)
Narrow moat 31/100
Evidence: High Range 11.29 TWD – 16.57 TWD Share as image

Fair value as of: Jul 21, 2026

From 22 valuation models · updated 20 days ago

Share price −0.9% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (16.57 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

50.60 TWD 28.71 TWD Fair Value 16.13 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 28.71 TWD – 50.60 TWD · fair‑value band 11.29 TWD – 16.57 TWD · the 30.85 TWD price screens above the 16.13 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Taiwan Sanyo Electric Co (1614) currently trades at 30.85 TWD, while our model-based Fair Value estimate is 16.13 TWD, implying the stock looks roughly 47.7% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Cyclical 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, Taiwan Sanyo Electric Co generated revenue of 5.3B TWD at a net margin of 6.5%. Revenue declined 9.3% year over year. It earns a return on equity of 6.2%. The balance sheet holds a net cash position of 56.9M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 11.29 TWD (bear case) to 16.57 TWD (bull case); at 30.85 TWD, the current price sits above 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 23% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -48%, 1614 screens richer 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
Growth DCF 1.32 TWD 1.94 TWD 2.96 TWD 80
Residual Income 16.45 TWD 16.49 TWD 15.12 TWD 76
ROIC Compounder 6.91 TWD 8.08 TWD 9.09 TWD 72
All 22 models by family
DCF Models
FCF DCF 1.25 TWD 1.89 TWD 3.04 TWD 38
5Y Revenue Exit 4.98 TWD 8.52 TWD 13.69 TWD 39
5Y EBITDA Exit 6.62 TWD 11.37 TWD 17.65 TWD 41
5Y P/E Exit 8.43 TWD 14.50 TWD 21.71 TWD 38
10Y Revenue Exit 3.23 TWD 5.69 TWD 8.42 TWD 36
10Y EBITDA Exit 4.43 TWD 7.41 TWD 10.69 TWD 37
10Y P/E Exit 5.50 TWD 9.30 TWD 13.01 TWD 35
Earnings-Based
Graham-Dodd 6.60 TWD 8.07 TWD 9.08 TWD 54
EPV 6.91 TWD 8.08 TWD 9.09 TWD 59
Dividend Discount
Gordon GGM 5.13 TWD 5.59 TWD 6.29 TWD 70
DDM Multi-Stage 5.13 TWD 6.34 TWD 7.99 TWD 61
Multiples
P/E Multiple 16.02 TWD 21.35 TWD 26.69 TWD 63
P/S Multiple 12.38 TWD 16.50 TWD 20.63 TWD 58
P/B Multiple 12.38 TWD 16.50 TWD 20.63 TWD 55
EV/EBIT 12.37 TWD 16.67 TWD 20.96 TWD 53
EV/EBITDA 12.00 TWD 16.16 TWD 20.33 TWD 54
EV/Revenue 8.18 TWD 11.90 TWD 15.62 TWD 43
Asset-Based
NCAV (Graham) 11.01 TWD 14.75 TWD 22.01 TWD 50
Growth DCF
Growth DCF 1.32 TWD 1.94 TWD 2.96 TWD 80
Economic Profit
Residual Income 16.45 TWD 16.49 TWD 15.12 TWD 76
ROIC Compounder 6.91 TWD 8.08 TWD 9.09 TWD 72
Growth Earnings
Growth-Adj P/E 11.29 TWD 16.13 TWD 20.97 TWD 68

Widest divergence: Multiples (16.50 TWD) versus Growth DCF (1.94 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 5.3B TWD
Revenue growth (YoY) -9.3%
Net margin 6.5%
Return on equity 6.2%
Free cash flow 49.0M TWD FY2025
P/E ratio 33.1
More key figures
Operating margin 2.8%
EPS (TTM) 0.9600 TWD
Dividend yield 3.1%
EPS growth (YoY) +292%
Net cash 56.9M TWD FY2025

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 44

Profitability 35
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 85
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

Taiwan Sanyo Electric Co.,Ltd. manufactures and sells home appliances in Taiwan and internationally. It offers air conditioners, refrigerators, freezers, televisions, audio visual peripherals, LCD monitors, cooking appliances, home living products, bathroom ventilation heaters, dehumidifiers, electric fans, and washing machines.

Full company description

Taiwan Sanyo Electric Co.,Ltd. manufactures and sells home appliances in Taiwan and internationally. It offers air conditioners, refrigerators, freezers, televisions, audio visual peripherals, LCD monitors, cooking appliances, home living products, bathroom ventilation heaters, dehumidifiers, electric fans, and washing machines. The company also provides computer peripherals, communication, OA, LED, power supply, and health products, as well as hair dryers. It serves its products under the SANLUX brand. The company was founded in 1963 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Taiwan Sanyo Electric Co reported revenue of 5.4B TWD in FY2025 versus 5.8B TWD in FY2021, a compound −1.8%/yr. Reported net income was 251M TWD in FY2025, compounding −9.1%/yr from FY2021.

Growth Quality 30/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
5.4B TWD
Latest YoY
−5.2%
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.
−4.3%
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.
−0.4%
Avg. growth/yr (23Y) 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.
−1.4%
Revenue −1.8%/yr
FY21 5.8B TWD
FY22 6.1B TWD
FY23 5.8B TWD
FY24 5.7B TWD
FY25 5.4B TWD
Net income −9.1%/yr
FY21 368M TWD
FY22 292M TWD
FY23 322M TWD
FY24 216M TWD
FY25 251M TWD
Character of growth · EPS growth decomposed (2014-2025) −0.1 % p.a.
Revenue per share +0.6 pp

of which total revenue +0.6 pp · buybacks/dilution +0.0 pp

EBIT margin −2.5 pp
Tax rate +0.0 pp
Residual (interest, one-offs) +1.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

1614 screens 48% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "Taiwan Sanyo Electric Co Fair Value". https://www.fairvalue-calculator.com/stock/1614

Peer Group

Furnishings, Fixtures & Appliances · 311 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 −48% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 2% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth -9% · Below median
Dividend yield (TTM) 3.1% · Above median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 32.4× · Pricier than median
P/B 1.41× · Pricier than median
P/S (TTM) 1.53× · Pricier than median
P/FCF 5.1× · Pricier than median
EV/EBITDA 22.3× · Pricier than 75% of peers
PEG 0.79× · 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 0 · sector 22
FUTURE 0 · sector 0
PAST 25 · sector 19
HEALTH 98 · sector 97
DIVIDEND 62 · sector 55

VALUE 0: the price sits above our fair-value range.

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

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Frequently asked questions

Is Taiwan Sanyo Electric Co (1614) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 16.13 TWD versus a price of 30.85 TWD, about −48% (overvalued).
What is the fair value of 1614?
Our model-based fair value for Taiwan Sanyo Electric Co is 16.13 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 30.85 TWD.
What is the quality score of 1614?
Taiwan Sanyo Electric 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 Taiwan Sanyo Electric Co (1614)?
Taiwan Sanyo Electric Co reported trailing-twelve-month revenue of about 5.3B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 1614?
The net profit margin of Taiwan Sanyo Electric Co is about 6.5%, meaning it keeps roughly 6.5% of revenue as net income. Based on the latest reported figures.
Does Taiwan Sanyo Electric Co pay a dividend?
Taiwan Sanyo Electric Co currently shows a dividend yield of about 3.06% 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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