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Dah San Electric Wire & Cable Corp (1615) Fair Value & Analysis

Industrials · TW · Market cap 8.5B TWD

DS Dah San Electric Wire & Cable Corp 1615 · TW
Price42.25 TWD
Fair Value52.17 TWD
Upside+23.5%
Quality60/100
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Mixed Growth
Solidly profitable · 16.9% net margin
Low debt · generates free cash flow
5.74% dividend yield
Ranks above peers (14/15)
Wide moat 71/100
Evidence: High Range 32.95 TWD – 101.13 TWD Share as image

Fair value as of: Jul 23, 2026

From 23 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 52.69 TWD to 52.17 TWD (−1.0%) since Jul 7, 2026. Share price −8.9% over the past month.

A solid business, screening 23% undervalued on our models.

What matters now

  • The model range is unusually wide (32.95 TWD to 101.13 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (60/100) 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)

75.50 TWD 22.49 TWD Fair Value 52.17 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 22.49 TWD – 75.50 TWD · fair‑value band 32.95 TWD – 101.13 TWD · the 42.25 TWD price screens below the 52.17 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Dah San Electric Wire & Cable Corp (1615) currently trades at 42.25 TWD, while our model-based Fair Value estimate is 52.17 TWD, implying the stock looks roughly 23.5% undervalued today. The Quality Score stands at 60/100 (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: high), always confirm before acting.

Over the trailing twelve months, Dah San Electric Wire & Cable Corp generated revenue of 5.5B TWD at a net margin of 16.9%. Revenue declined 13.0% year over year. It earns a return on equity of 21.6%. Net debt stands at 1.2B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 32.95 TWD (bear case) to 101.13 TWD (bull case); at 42.25 TWD, 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 22% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 23%, 1615 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
Growth DCF 17.05 TWD 23.60 TWD 32.18 TWD 80
Residual Income 29.87 TWD 39.72 TWD 160.40 TWD 76
Rev-Margin DCF 27.35 TWD 44.54 TWD 62.89 TWD 74
All 23 models by family
DCF Models
FCF DCF 16.64 TWD 23.75 TWD 33.51 TWD 38
Owner Earnings 47.12 TWD 67.10 TWD 94.51 TWD 31
5Y Revenue Exit 27.35 TWD 44.56 TWD 66.03 TWD 39
5Y EBITDA Exit 36.66 TWD 61.17 TWD 88.82 TWD 41
5Y P/E Exit 47.08 TWD 79.75 TWD 112.63 TWD 38
10Y Revenue Exit 22.03 TWD 36.39 TWD 54.58 TWD 36
10Y EBITDA Exit 28.73 TWD 47.37 TWD 70.86 TWD 37
10Y P/E Exit 35.10 TWD 59.67 TWD 87.86 TWD 35
Earnings-Based
Graham-Dodd 32.36 TWD 77.53 TWD 100.03 TWD 54
PEG = 1.0 13.59 TWD 19.42 TWD 25.24 TWD 46
EPV 38.60 TWD 44.73 TWD 50.01 TWD 59
Multiples
P/E Multiple 74.96 TWD 99.94 TWD 124.93 TWD 63
P/S Multiple 43.19 TWD 57.58 TWD 71.98 TWD 58
P/B Multiple 60.68 TWD 80.91 TWD 101.13 TWD 55
EV/EBIT 68.23 TWD 91.05 TWD 113.87 TWD 53
EV/EBITDA 55.67 TWD 74.30 TWD 92.94 TWD 54
EV/Revenue 36.05 TWD 51.60 TWD 67.14 TWD 43
Asset-Based
NCAV (Graham) 11.11 TWD 14.89 TWD 22.22 TWD 50
Growth DCF
Growth DCF 17.05 TWD 23.60 TWD 32.18 TWD 80
Rev-Margin DCF 27.35 TWD 44.54 TWD 62.89 TWD 74
Economic Profit
Residual Income 29.87 TWD 39.72 TWD 160.40 TWD 76
ROIC Compounder 40.19 TWD 48.98 TWD 58.46 TWD 72
Growth Earnings
Growth-Adj P/E 57.05 TWD 81.49 TWD 105.94 TWD 68

Widest divergence: Growth Earnings (81.49 TWD) versus Asset-Based (14.89 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 5.5B TWD
Revenue growth (YoY) -13.0%
Net margin 16.9%
Return on equity 21.6%
Free cash flow 329M TWD FY2025
P/E ratio 9.1
More key figures
Operating margin 19.0%
EPS (TTM) 4.73 TWD
Dividend yield 5.7%
EPS growth (YoY) -6.0%
Net debt 1.2B TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 40

Profitability 67
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 81
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

Dah San Electric Wire & Cable Corp. engages in the production and sale of power cables, communication cables, electronic wires, and bare copper wires.

Full company description

Dah San Electric Wire & Cable Corp. engages in the production and sale of power cables, communication cables, electronic wires, and bare copper wires. The company offers low-, medium-, and high-power voltage power cables, including crosslinked PE and PVC cables and wires; PVC decorative strip; PVC lightweight cable; signal control and fire-resistant cables; and heat resistant, fire alarm line, and control cables. It also provides communication cables, such as coaxial and network cables; and bare copper wires that include hard copper, hard stranded copper, soft copper, and soft stranded copper wires. In addition, the company engages in the design, construction, and maintenance of power and telecommunications projects; and provision of quality control and technical services, as well as the development and leasing of residential buildings. The company was founded in 1953 and is headquartered in Yúnlín, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dah San Electric Wire & Cable Corp reported revenue of 5.7B TWD in FY2025 versus 4.5B TWD in FY2021, a compound +6.0%/yr. Reported net income was 945M TWD in FY2025, compounding +20.3%/yr from FY2021.

Growth Quality 77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
5.7B TWD
Latest YoY
−2.6%
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.
+8.9%
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.
+12.6%
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.
+6.0%
Revenue +6.0%/yr
FY21 4.5B TWD
FY22 4.4B TWD
FY23 4.9B TWD
FY24 5.9B TWD
FY25 5.7B TWD
Net income +20.3%/yr
FY21 451M TWD
FY22 432M TWD
FY23 525M TWD
FY24 741M TWD
FY25 945M TWD
Character of growth · EPS growth decomposed (2014-2025) +31.3 % p.a.
Revenue per share +9.2 pp

of which total revenue +9.2 pp · buybacks/dilution +0.0 pp

EBIT margin +22.6 pp
Tax rate −0.3 pp
Residual (interest, one-offs) −0.3 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).

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Cite: Fair Value Calculator (2026). "Dah San Electric Wire & Cable Corp Fair Value". https://www.fairvalue-calculator.com/stock/1615

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 60 · Above median
Fair Value upside +24% · Top 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth -13% · Bottom 25%
Dividend yield (TTM) 5.7% · Top 25%
Debt / equity 0.03× · Lower than median

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

P/E (TTM) 9.1× · Cheaper than 75% of peers
P/B 1.94× · Cheaper than median
P/S (TTM) 1.55× · Cheaper than median
P/FCF 0.8× · Cheaper than 75% of peers
EV/EBITDA 7.6× · Cheaper than 75% of peers
PEG 0.77× · 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 65 · sector 0
FUTURE 0 · sector 57
PAST 86 · sector 26
HEALTH 98 · 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 23, 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 Dah San Electric Wire & Cable Corp (1615) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 52.17 TWD versus a price of 42.25 TWD, about +23% (undervalued).
What is the fair value of 1615?
Our model-based fair value for Dah San Electric Wire & Cable Corp is 52.17 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 42.25 TWD.
What is the quality score of 1615?
Dah San Electric Wire & Cable Corp has a Quality Score of 60/100. 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 Dah San Electric Wire & Cable Corp (1615)?
Dah San Electric Wire & Cable Corp reported trailing-twelve-month revenue of about 5.5B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 1615?
The net profit margin of Dah San Electric Wire & Cable Corp is about 16.9%, meaning it keeps roughly 16.9% of revenue as net income. Based on the latest reported figures.
Does Dah San Electric Wire & Cable Corp pay a dividend?
Dah San Electric Wire & Cable Corp currently shows a dividend yield of about 5.60% relative to its recent price (as of Jul 23, 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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