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Tecom Co (2321) Fair Value & Analysis

Technology · TW · Market cap 407M TWD

Price13.90 TWD
Fair Value19.30 TWD
Upside+38.8%
Quality80/100
Evidence: Low Range 14.47 TWD – 24.12 TWD

Fair value as of: Jun 24, 2026

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Analysis

Tecom Co (2321) currently trades at 13.90 TWD, while our model-based Fair Value estimate is 19.30 TWD — implying the stock looks roughly 38.8% undervalued today. We read business quality at 80/100 (high quality), in the Technology 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: low) — always confirm before acting.

About the company

Tecom Co., Ltd. engages in the manufacture and sale of telecommunications equipment for enterprise, carrier, and consumer markets in Taiwan and internationally. It operates through Business communication systems; Smart electromechanical systems; and Fiber optic cables segments. The company offers business and smartphone communication system; and broadband and wireless access, and cloud device services. It also offers smart home system and other communication services. In addition, the company provides business phone systems for enterprises consisting of network data, audio, video, and security solution needs, as well as smart video doorbell solutions for consumer, commercial, and apartment markets, as well as smart home systems for residential buildings that provide video access control, video surveillance, and home alarm solutions for tenants. Further, it offers vibration diagnosis instruments, smart IIoT gateways, smart vibration gauges, smart power meters, smart temperature senso…

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Frequently asked questions

Is Tecom Co (2321) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 19.30 TWD versus a price of 13.90 TWD — about +39% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 2321?
Our 21-model fair value for Tecom Co is 19.30 TWD (as of Jun 24, 2026), built from audited fundamentals. The current price is 13.90 TWD.
What is the quality score of 2321?
Tecom Co has a Quality Score of 80/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.