Compal Electronics Inc (2324) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Compal Electronics Inc stock TWD 39.66, price TWD 31.50, upside +25.9%, quality 57 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range 16.89 TWD – 47.05 TWD · fair‑value band 29.74 TWD – 49.57 TWD · the 31.50 TWD price screens below the 39.66 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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Compal Electronics, Inc. manufactures and sells notebook personal computers, monitors, LCD TVs, mobile phones, and other components and peripherals in Taiwan, the United States, China, the United Kingdom, Japan, India, Germany, Netherlands, and internationally.
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It operates through Information Technology Product and Strategy Integrated Product segments.
It researches, develops, manufactures, and sells wireless network, mobile office, automotive and household electronic products, electronic components, electric appliance, audiovisual electric, lighting, communication devices, electronic computers, smart watches, auto parts and accessories, digital products, cable modems, digital set up boxes, other communication products, touch panels, and AP products.
It is also involved in international trading; manufacture, wholesale, and retail of medical equipment; technical support and sale of wireless network products; real estate development, management, and leasing business; construction and investment in infrastructure; and regeneration and rejuvenation of stem cells.
It provides management consulting and biotechnology services; resistor and networking chips, diodes, capacitors, semiconductor devices, and motherboards; aluminum and magnesium alloy products; elderly care services; software design, data processing, and information software; maintenance and warranty services for notebook PCs; and training and education; business information, financial and tax, and investment consulting; and investment management services.
It engages in investment and development of public construction and specific areas; medical care IoT business; rental, leasing, import, and export business; AI application software development, electronic materials, and precision instruments, as well as animal medication product; and research and development of MEMS technology of manufacturing process of semiconductors.
The company was incorporated in 1984 and is headquartered in Taipei City, Taiwan.
Stock analysis
Compal Electronics Inc (2324) currently trades at 31.50 TWD, while our model-based Fair Value estimate is 39.66 TWD, implying the stock looks roughly 21% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 59.19 TWD per share, and 13 of the 24 models we run sit above the 31.50 TWD price.
Bear case: the Dividend Discount group reads lowest at 13.61 TWD, and 11 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 29.74 TWD (bear) to 49.57 TWD (bull), the price of 31.50 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Compal Electronics Inc reported revenue of 758B TWD in FY2025 versus 1.2T TWD in FY2021, a compound −11.5%/yr. Reported net income was 6.0B TWD in FY2025, compounding −16.9%/yr from FY2021.
Key figures
Market cap 134B TWD (≈ $4.1B) Mid · P/E ratio 16.3 · P/S ratio 0.21 · EPS (TTM) 1.93 TWD · Dividend yield 3.5% · Net margin 1.0% · Return on equity 7.2% · Return on assets (EBIT) 2.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at 26%, 2324 screens cheaper than that median.
Fair Value models
Bear29.74 TWDFair Value 39.66 TWDBull49.57 TWD
Price 31.50 TWD · Upside +25.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.7095 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−16.8%
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.
−11.0%
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.
−6.3%
Start year 2020 (pandemic). Over 10 years: −1.1% a year
Revenue growth 25 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.
+9.7%
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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.
−9.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.1%
Dividend (yield on the price)3.5%
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.−13.1% vs −5.4%, 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.1% → 1%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−12.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+19.9%
Yearly sales growth analysts expect, extended to five years.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −14.2% a year for the price and +18.0% for the forecasts.
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.Computer Hardware · 213 stocks
Beats the industry median on 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+25.9% · Above median
Profitability
Return on equity (12 months)7.2% · Below median
Return on assets1.8% · Below median
Net margin (12 months)1.4% · Below median
Operating margin (12 months)1.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)32.1% · Above median
Dividend yield (12 months)3.5% · Above median
Balance sheet
Debt / equity0.09× · Above median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
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.
Is Compal Electronics Inc (2324) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of 39.66 TWD versus a price of 31.50 TWD, about +26% upside (undervalued).
What is the fair value of 2324?
Our model-based fair value for Compal Electronics Inc is 39.66 TWD (as of Nov 2, 2026), built from audited fundamentals. The current price: 31.50 TWD.
What is the quality score of 2324?
Compal Electronics Inc has a Quality Score of 57/100. 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 Compal Electronics Inc (2324)?
Our model-based price target is the fair value of 39.66 TWD (as of Nov 2, 2026) from 24 valuation models. Cautious scenario 29.74 TWD, optimistic scenario 49.57 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Compal Electronics Inc stock forecast for 2026?
Our models put fair value at 39.66 TWD, about +26% upside versus a price of 31.50 TWD (undervalued). Cautious scenario 29.74 TWD, optimistic scenario 49.57 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Compal Electronics Inc (2324)?
Compal Electronics Inc reported trailing-twelve-month revenue of about 818B TWD (latest available figure, as of Nov 2, 2026).
Does Compal Electronics Inc pay a dividend?
Compal Electronics Inc currently shows a dividend yield of 3.49% relative to its recent price (as of Nov 2, 2026).
How much is the dividend of Compal Electronics Inc (2324) and when is the ex-dividend date?
Compal Electronics Inc pays a dividend of 1.10 TWD per share a year, a dividend yield of 3.5%. The last ex-dividend date was Mar 27, 2026. A dividend has been paid every year since 1999. The payout ratio is 57.0% of earnings. Free cash flow covers the dividend 4.59 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Compal Electronics Inc (2324)?
For today's price to be fair in a discounted-cash-flow model, Compal Electronics Inc would have to grow free cash flow by -12.9 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -6.3 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 2, 2026.
What discount rate (WACC) does the fair value of 2324 use?
Our models discount Compal Electronics Inc at 9.5 %: a base by market capitalisation (mid), damped by beta 0.70, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Compal Electronics Inc that is -12.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Compal Electronics Inc (2324) delivered so far?
Over the past 5 years revenue at Compal Electronics Inc grew -6.3 % a year. The price currently implies free-cash-flow growth of -12.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Compal Electronics Inc (2324) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Compal Electronics Inc (-12.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Compal Electronics Inc (2324)?
The free-cash-flow yield on the price is 15.72 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Compal Electronics Inc produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Compal Electronics Inc (2324)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Compal Electronics Inc it is 39.66 TWD per share (as of Nov 2, 2026), against a price of 31.50 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Compal Electronics Inc stock overvalued or undervalued in 2026?
As of Nov 2, 2026, 2324 trades below its calculated fair value: price 31.50 TWD, fair value 39.66 TWD, a gap of about +26% (undervalued). 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 2324?
No. The price is what the market pays today (31.50 TWD); the fair value is what the company's own numbers justify (39.66 TWD). For Compal Electronics Inc the two are 8.16 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Compal Electronics Inc worth?
The market values Compal Electronics Inc at about 134B TWD (market capitalisation, as of Nov 2, 2026). Per share that is 31.50 TWD; our models calculate a fair value of 39.66 TWD per share.
What do the bullish and bearish scenarios say about 2324?
Our models span a range for Compal Electronics Inc: cautious scenario 29.74 TWD, base 39.66 TWD, optimistic 49.57 TWD per share (as of Nov 2, 2026, price 31.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2324?
Compal Electronics Inc trades at a price-to-earnings ratio of 16.3 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 39.66 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 12.9. Other multiples: PEG 9.2, P/B 1.0, P/S 0.2, EV/EBITDA 4.9.
What is the PEG ratio of 2324?
The PEG ratio of Compal Electronics Inc is 9.22 (P/E divided by earnings growth, as of Nov 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Compal Electronics Inc (2324)?
Balance-sheet figures for Compal Electronics Inc (as of Nov 2, 2026): return on equity 7.2%, debt of 0.09 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 2324 from its 52-week high?
Compal Electronics Inc trades at 31.50 TWD, about 33% below its 52-week high of 47.05 TWD and 17% above the low of 26.85 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 39.66 TWD is for.
Which stocks are comparable to Compal Electronics Inc?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, Seagate Technology Holdings, 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 Compal Electronics Inc stock attractive at the current price?
The data as of Nov 2, 2026: price 31.50 TWD, calculated fair value 39.66 TWD (+26%), Quality Score 57/100, from 24 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 2324 calculated?
We run Compal Electronics Inc through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 39.66 TWD builds on their evidence-weighted average, 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. Compal Electronics Inc currently trades 21% below its own fair value, and the market average says nothing about that. 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 Compal Electronics Inc (2324)?
The closing price on Nov 6, 2026 was 31.50 TWD. Our model-based fair value is 39.66 TWD, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Compal Electronics Inc right now?
Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Compal Electronics Inc (2324) come from?
Earnings per share at Compal Electronics Inc grew −1.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share −0.4 %, EBIT margin +0.4 %, tax rate −0.4 %, residual (interest, one-offs) −0.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Compal Electronics Inc
How large is the market capitalisation of Compal Electronics Inc (2324)?
The market capitalisation of Compal Electronics Inc is 134B TWD (≈ $4.1B). 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 Compal Electronics Inc (2324)?
The price-to-sales ratio of Compal Electronics Inc is 0.21 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Compal Electronics Inc (2324)?
Earnings per share at Compal Electronics Inc are 1.93 TWD (price ÷ EPS = P/E 16.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Compal Electronics Inc (2324)?
The dividend yield of Compal Electronics Inc is 3.5% (payout 57.0%). 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 Compal Electronics Inc (2324)?
The net margin of Compal Electronics Inc is 1.0% (last twelve months). 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 Compal Electronics Inc (2324)?
The return on equity (ROE) of Compal Electronics Inc is 7.2% (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 Compal Electronics Inc (2324)?
On an EBIT basis the return on assets of Compal Electronics Inc is 2.9% (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 Compal Electronics Inc (2324)?
The operating margin of Compal Electronics Inc is 1.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Compal Electronics Inc (2324)?
Revenue at Compal Electronics Inc is growing +32.1% versus a year earlier (3y avg −11.0%). 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 Compal Electronics Inc (2324)?
Earnings per share at Compal Electronics Inc are growing +555% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Compal Electronics Inc (2324) carry?
The net debt of Compal Electronics Inc is 9.0B TWD (fiscal year 2025, ≈ 0.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 2, 2026