Rectron Ltd (2302) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Rectron Ltd TWD 7.05, price TWD 46.05, upside -84.7%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value 7.05 TWD · Strongly overvalued (−85%)
!Quality 53/100
!Expensive Growth(revenue 5y +2.2 %/yr)
✓Solidly profitable · 15.1% net margin (TTM)
!Low debt · negative free cash flow
·0.76% dividend yield
!Trails peers(3/13)
!Narrow moat42/100
!Evidence only low, so the estimate is less certain
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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 12.86 TWD – 55.40 TWD · the 46.05 TWD price screens above the 7.05 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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Rectron Limited manufactures and sells discrete semiconductors in Taiwan, rest of Asia, the United States, Europe, and internationally.
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Rectron Limited manufactures and sells discrete semiconductors in Taiwan, rest of Asia, the United States, Europe, and internationally. Its products include bridge rectifiers, ESD diodes, high voltage and MOSFET products, recovery rectifiers, Schottky diodes, signal-switching diodes, silicon carbide Schottky products, standard rectifiers, transistors, TVS and Zener diodes, and other products. The company also offers manufactures and sells and medical equipment. In addition, it engages in the real estate rental and wine trading businesses. Rectron Limited was founded in 1976 and is based in New Taipei City, Taiwan.
Stock analysis
Rectron Ltd (2302) currently trades at 46.05 TWD, while our model-based Fair Value estimate is 7.05 TWD, implying the stock looks roughly 553.2% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 11.85 TWD per share, and 0 of the 14 models we run sit above the 46.05 TWD price.
Bear case: the Dividend Discount group reads lowest at 4.44 TWD, and 14 of the 14 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Rectron Ltd reported revenue of 846M TWD in FY2025 versus 746M TWD in FY2021, a compound +3.2%/yr. Reported net income was 81.9M TWD in FY2025, compounding −0.9%/yr from FY2021.
Key figures
Market cap 7.7B TWD (≈ $242M) · P/E ratio 94.0 · P/S ratio 9.10 · EPS (TTM) 0.4900 TWD · Dividend yield 0.8% · Net margin 9.7% · Return on equity 7.4% · Return on assets (EBIT) 4.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 176% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −34% fair-value upside, at −85%, 2302 screens richer than that median.
Fair Value models
Bear 7.05 TWDFair Value 7.05 TWDBull 7.05 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 (0.1024 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.29/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.7%
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.
+2.2%
Start year 2020 (pandemic). Over 10 years: +5.2% a year
Revenue growth 23 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.
−2.1%
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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.
0.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.8%
Dividend (yield on the price)0.8%
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.−1% vs 19%, 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.15% → 14%
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.Semiconductor Equipment & Materials · 219 stocks
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). "Rectron Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2302
Frequently asked questions
Is Rectron Ltd (2302) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 7.05 TWD versus a price of 46.05 TWD, about −85% upside (overvalued).
What is the fair value of 2302?
Our model-based fair value for Rectron Ltd is 7.05 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 46.05 TWD.
What is the quality score of 2302?
Rectron Ltd has a Quality Score of 53/100. 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 Rectron Ltd (2302)?
Our model-based price target is the fair value of 7.05 TWD (as of Sep 24, 2026) from 14 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Rectron Ltd stock forecast for 2026?
Our models put fair value at 7.05 TWD, about −85% upside versus a price of 46.05 TWD (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Rectron Ltd (2302)?
Rectron Ltd reported trailing-twelve-month revenue of about 869M TWD (latest available figure, as of Sep 24, 2026).
Does Rectron Ltd pay a dividend?
Rectron Ltd currently shows a dividend yield of about 0.76% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Rectron Ltd (2302)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Rectron Ltd it is 7.05 TWD per share (as of Sep 24, 2026), against a price of 46.05 TWD. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Rectron Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2302 trades above its calculated fair value: price 46.05 TWD, fair value 7.05 TWD, a gap of about −85% (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 2302?
No. The price is what the market pays today (46.05 TWD); the fair value is what the company's own numbers justify (7.05 TWD). For Rectron Ltd the two are 39.00 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Rectron Ltd worth?
The market values Rectron Ltd at about 7.7B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 46.05 TWD; our models calculate a fair value of 7.05 TWD per share.
What is the P/E ratio of 2302?
Rectron Ltd trades at a price-to-earnings ratio of 94.0 (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 7.05 TWD is built from several models across several years. Other multiples: P/B 4.3, P/S 8.9, EV/EBITDA 48.1.
How solid is the balance sheet of Rectron Ltd (2302)?
Balance-sheet figures for Rectron Ltd (as of Sep 24, 2026): return on equity 7.4%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 2302 from its 52-week high?
Rectron Ltd trades at 46.05 TWD, about 17% below its 52-week high of 55.40 TWD and 176% above the low of 16.68 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 7.05 TWD is for.
Which stocks are comparable to Rectron Ltd?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, 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 Rectron Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 46.05 TWD, calculated fair value 7.05 TWD (−85%), Quality Score 53/100, from 14 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 2302 calculated?
We run Rectron Ltd through 14 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 7.05 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 13.0 % above its aggregate fair value. Rectron Ltd 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 Rectron Ltd (2302)?
The closing price on Sep 24, 2026 was 46.05 TWD. Our model-based fair value is 7.05 TWD, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Rectron Ltd right now?
The price sits above even our optimistic bull case (7.05 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Rectron Ltd
How large is the market capitalisation of Rectron Ltd (2302)?
The market capitalisation of Rectron Ltd is 7.7B TWD (≈ $242M). 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 Rectron Ltd (2302)?
The price-to-sales ratio of Rectron Ltd is 9.10 (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 Rectron Ltd (2302)?
Earnings per share at Rectron Ltd are 0.4900 TWD (price ÷ EPS = P/E 94.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Rectron Ltd (2302)?
The dividend yield of Rectron Ltd is 0.8% (payout 71.4%). 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 Rectron Ltd (2302)?
The net margin of Rectron Ltd is 9.7% (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 Rectron Ltd (2302)?
The return on equity (ROE) of Rectron Ltd is 7.4% (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 Rectron Ltd (2302)?
On an EBIT basis the return on assets of Rectron Ltd is 4.9% (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 Rectron Ltd (2302)?
The operating margin of Rectron Ltd is 7.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Rectron Ltd (2302)?
Revenue at Rectron Ltd is growing +11.8% 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 Rectron Ltd (2302)?
Earnings per share at Rectron Ltd are growing −75.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Rectron Ltd (2302) generate?
The free cash flow of Rectron Ltd is −113M 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 cash does Rectron Ltd (2302) hold?
Rectron Ltd holds more cash than debt, 444M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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