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Kinpo Electronics, Inc (2312) Fair Value & Analysis

Technology · TW · Market cap 45.3B TWD

KE Kinpo Electronics, Inc 2312 · TW
Price31.30 TWD
Fair Value19.52 TWD
Upside-37.7%
Quality36/100
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Mixed Growth
Thin margins · 1.0% net margin
Moderate debt · generates free cash flow
1.92% dividend yield
Trails peers (3/14)
Narrow moat 30/100
Evidence: Medium Range 14.64 TWD – 24.40 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price −8.3% over the past month.

Below-average quality, and screening another 38% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (24.40 TWD). The favourable scenario is already priced in.
  • Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

43.40 TWD 11.19 TWD Fair Value 19.52 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 11.19 TWD – 43.40 TWD · fair‑value band 14.64 TWD – 24.40 TWD · the 31.30 TWD price screens above the 19.52 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Kinpo Electronics, Inc (2312) currently trades at 31.30 TWD, while our model-based Fair Value estimate is 19.52 TWD, implying the stock looks roughly 37.7% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Technology 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: medium).

Over the trailing twelve months, Kinpo Electronics, Inc generated revenue of 157B TWD at a net margin of 1.0%. Revenue declined 15.0% year over year. It earns a return on equity of 5.8%. Net debt stands at 27.0B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 14.64 TWD (bear case) to 24.40 TWD (bull case); at 31.30 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 30% below its 52-week high and 78% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -38%, 2312 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 BearBaseBull Evidence
Highest evidence
Growth DCF 20.97 TWD 33.86 TWD 54.35 TWD 80
Residual Income 12.28 TWD 12.95 TWD 13.79 TWD 76
Rev-Margin DCF 22.47 TWD 37.58 TWD 55.65 TWD 74
All 26 models by family
DCF Models
FCF DCF 20.78 TWD 33.93 TWD 54.90 TWD 38
Owner Earnings 5.86 TWD 9.52 TWD 15.36 TWD 31
5Y Revenue Exit 22.47 TWD 37.79 TWD 57.81 TWD 39
5Y EBITDA Exit 31.02 TWD 54.31 TWD 82.31 TWD 41
5Y P/E Exit 17.35 TWD 27.89 TWD 39.18 TWD 38
10Y Revenue Exit 20.92 TWD 34.94 TWD 54.76 TWD 36
10Y EBITDA Exit 27.20 TWD 46.62 TWD 74.03 TWD 37
10Y P/E Exit 18.37 TWD 27.95 TWD 40.10 TWD 35
Earnings-Based
Graham-Dodd 7.10 TWD 25.63 TWD 34.56 TWD 54
Lynch FV 6.07 TWD 8.67 TWD 11.27 TWD 50
PEG = 1.0 6.07 TWD 8.67 TWD 11.27 TWD 46
EPV 21.00 TWD 24.49 TWD 27.54 TWD 59
Dividend Discount
Gordon GGM 5.51 TWD 11.45 TWD 18.16 TWD 70
DDM Multi-Stage 5.51 TWD 9.65 TWD 12.02 TWD 61
Multiples
P/E Multiple 17.22 TWD 22.96 TWD 28.70 TWD 63
P/S Multiple 13.31 TWD 17.74 TWD 22.18 TWD 58
P/B Multiple 13.31 TWD 17.74 TWD 22.18 TWD 55
EV/EBIT 35.85 TWD 47.77 TWD 59.69 TWD 53
EV/EBITDA 40.29 TWD 53.69 TWD 67.09 TWD 54
EV/Revenue 24.20 TWD 34.53 TWD 44.86 TWD 43
Asset-Based
NCAV (Graham) 7.55 TWD 10.11 TWD 15.10 TWD 50
Growth DCF
Growth DCF 20.97 TWD 33.86 TWD 54.35 TWD 80
Rev-Margin DCF 22.47 TWD 37.58 TWD 55.65 TWD 74
Economic Profit
Residual Income 12.28 TWD 12.95 TWD 13.79 TWD 76
ROIC Compounder 22.65 TWD 29.69 TWD 38.84 TWD 72
Growth Earnings
Growth-Adj P/E 11.87 TWD 16.95 TWD 22.04 TWD 68

Widest divergence: DCF Models (33.93 TWD) versus Earnings-Based (8.67 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 157B TWD
Revenue growth (YoY) -15.0%
Net margin 1.0%
Return on equity 5.8%
Free cash flow 2.6B TWD FY2025
P/E ratio 33.6
More key figures
Operating margin 2.5%
EPS (TTM) 1.04 TWD
Dividend yield 1.9%
Net debt 27.0B TWD FY2025

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

Quality Score breakdown

Overall quality 36/100

Of which business quality 36 · Market factors (momentum, volatility) 59

Profitability 38
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 0
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

Kinpo Electronics, Inc. designs, manufactures, and sells consumer electronics, web-based communications, computer peripherals, and storage products in Taiwan, rest of Asia, the Americas, and internationally.

Full company description

Kinpo Electronics, Inc. designs, manufactures, and sells consumer electronics, web-based communications, computer peripherals, and storage products in Taiwan, rest of Asia, the Americas, and internationally. The company offers consumer electronics, such as programming learning robots, commercial entertainment equipment, motion sensors, TI innovator rovers and hubs, and calculators; network devices, including fixed network broadband modems, digital set-top boxes, and wireless routers and communication infrastructures; printers and peripherals; and household appliances. It also provides data storage devices comprising external storage devices, USB flash drives, solid state drives, embedded multimedia memory cards, NAS devices, cloud storage servers, eMMC embedded flash memory products, and flash memory chips; and plastic injection parts consisting of 3D printer top covers, metal bending products, nut and bolt processing products, printer parts, medical product parts, and smart home appliance parts. In addition, the company engages in the reinvestment, dealer, and asset management businesses; manufacture and sale of chip diodes; trading in 3D printers; production and marketing of chip resistor and chip diodes; research and development and manufacture of chip components; wholesale, import, and export of electronic components, semiconductors special materials, and spare parts; auto-manage producing system development; and sale and lease of land and building. The company was incorporated in 1973 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kinpo Electronics, Inc reported revenue of 163B TWD in FY2025 versus 140B TWD in FY2021, a compound +4.0%/yr. Reported net income was 1.6B TWD in FY2025, compounding +63.3%/yr from FY2021.

Growth Quality 58/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
163B TWD
Latest YoY
−0.6%
Avg. growth/yr (3Y)
−3.4%
Avg. growth/yr (5Y)
+5.0%
Avg. growth/yr (25Y)
+7.1%
Revenue +4.0%/yr
FY21 140B TWD
FY22 181B TWD
FY23 160B TWD
FY24 164B TWD
FY25 163B TWD
Net income +63.3%/yr
FY21 221M TWD
FY22 1.0B TWD
FY23 751M TWD
FY24 1.6B TWD
FY25 1.6B TWD

2312 screens 38% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Kinpo Electronics, Inc Fair Value". https://www.fairvalue-calculator.com/stock/2312

Peer Group

Computer Hardware · 215 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 36 · Bottom 25%
Fair Value upside −38% · Below median
Return on equity (TTM) 6% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -15% · Bottom 25%
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.60× · Higher than 75% of peers

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 28.9× · Pricier than median
P/B 1.99× · Pricier than median
P/S (TTM) 0.29× · Cheaper than 75% of peers
P/FCF 0.5× · Cheaper than median
EV/EBITDA 7.2× · 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 0
FUTURE 0 · sector 57
PAST 23 · sector 26
HEALTH 70 · sector 97
DIVIDEND 38 · sector 44

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is Kinpo Electronics, Inc (2312) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 19.52 TWD versus a price of 31.30 TWD, about −38% (overvalued).
What is the fair value of 2312?
Our model-based fair value for Kinpo Electronics, Inc is 19.52 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 31.30 TWD.
What is the quality score of 2312?
Kinpo Electronics, Inc has a Quality Score of 36/100. 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 Kinpo Electronics, Inc (2312)?
Kinpo Electronics, Inc reported trailing-twelve-month revenue of about 157B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 2312?
The net profit margin of Kinpo Electronics, Inc is about 1.0%, meaning it keeps roughly 1.0% of revenue as net income. Based on the latest reported figures.
Does Kinpo Electronics, Inc pay a dividend?
Kinpo Electronics, Inc currently shows a dividend yield of about 1.92% 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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