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Compal Electronics, Inc (2324) Fair Value & Analysis

Technology · TW · Market cap 154B TWD

CE Compal Electronics, Inc 2324 · TW
Price36.55 TWD
Fair Value24.08 TWD
Upside-34.1%
Quality40/100
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Weak Growth
Thin margins · 0.8% net margin
Low debt · generates free cash flow
3.09% dividend yield
Trails peers (5/15)
Narrow moat 28/100
Evidence: Medium Range 18.06 TWD – 30.10 TWD Share as image

Fair value as of: Jul 15, 2026

From 24 valuation models · updated 25 days ago

Share price +3.0% over the past month.

Below-average quality, and screening another 34% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (30.10 TWD). The favourable scenario is already priced in.
  • Weak quality (40/100) 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)

47.05 TWD 16.50 TWD Fair Value 24.08 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 16.50 TWD – 47.05 TWD · fair‑value band 18.06 TWD – 30.10 TWD · the 36.55 TWD price screens above the 24.08 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Compal Electronics, Inc (2324) currently trades at 36.55 TWD, while our model-based Fair Value estimate is 24.08 TWD, implying the stock looks roughly 34.1% overvalued today. The Quality Score stands at 40/100 (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, Compal Electronics, Inc generated revenue of 760B TWD at a net margin of 0.8%. Revenue grew 1.1% year over year. It earns a return on equity of 5.2%. Net debt stands at 9.0B TWD. Fundamentals as of Jul 15, 2026

Our scenario range runs from 18.06 TWD (bear case) to 30.10 TWD (bull case); at 36.55 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 23% below its 52-week high and 42% 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 -34%, 2324 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 71.00 TWD 91.03 TWD 118.73 TWD 80
Residual Income 23.71 TWD 24.08 TWD 22.83 TWD 76
Rev-Margin DCF 49.48 TWD 61.78 TWD 75.20 TWD 74
All 24 models by family
DCF Models
FCF DCF 69.22 TWD 90.30 TWD 120.71 TWD 38
Owner Earnings 29.03 TWD 33.97 TWD 41.08 TWD 31
5Y Revenue Exit 49.48 TWD 60.84 TWD 74.57 TWD 39
5Y EBITDA Exit 58.47 TWD 76.50 TWD 96.53 TWD 41
5Y P/E Exit 47.77 TWD 57.86 TWD 67.75 TWD 38
10Y Revenue Exit 55.87 TWD 67.18 TWD 80.08 TWD 36
10Y EBITDA Exit 62.08 TWD 77.66 TWD 95.69 TWD 37
10Y P/E Exit 55.45 TWD 65.19 TWD 75.23 TWD 35
Earnings-Based
Graham-Dodd 9.63 TWD 19.69 TWD 24.83 TWD 54
EPV 34.86 TWD 37.87 TWD 40.51 TWD 59
Dividend Discount
Gordon GGM 13.16 TWD 19.29 TWD 25.70 TWD 70
DDM Multi-Stage 13.16 TWD 18.64 TWD 24.95 TWD 61
Multiples
P/E Multiple 21.25 TWD 28.33 TWD 35.41 TWD 63
P/S Multiple 18.06 TWD 24.08 TWD 30.10 TWD 58
P/B Multiple 18.06 TWD 24.08 TWD 30.10 TWD 55
EV/EBIT 50.49 TWD 61.73 TWD 72.98 TWD 53
EV/EBITDA 57.49 TWD 71.06 TWD 84.64 TWD 54
EV/Revenue 39.50 TWD 49.24 TWD 58.98 TWD 43
Asset-Based
NCAV (Graham) 15.48 TWD 20.74 TWD 30.96 TWD 50
Growth DCF
Growth DCF 71.00 TWD 91.03 TWD 118.73 TWD 80
Rev-Margin DCF 49.48 TWD 61.78 TWD 75.20 TWD 74
Economic Profit
Residual Income 23.71 TWD 24.08 TWD 22.83 TWD 76
ROIC Compounder 35.24 TWD 39.20 TWD 43.48 TWD 72
Growth Earnings
Growth-Adj P/E 15.53 TWD 22.18 TWD 28.83 TWD 68

Widest divergence: DCF Models (65.19 TWD) versus Dividend Discount (18.64 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 760B TWD
Revenue growth (YoY) +1.1%
Net margin 0.8%
Return on equity 5.2%
Free cash flow 21.5B TWD FY2025
P/E ratio 30.2
More key figures
Operating margin 1.3%
EPS (TTM) 1.37 TWD
Dividend yield 2.6%
EPS growth (YoY) -10.0%
Net debt 9.0B TWD FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 43 · Market factors (momentum, volatility) 61

Profitability 37
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 56
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

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. It operates through Information Technology Product and Strategy Integrated Product segments.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
758B TWD
Latest YoY
−16.8%
Avg. growth/yr (3Y)
−11.0%
Avg. growth/yr (5Y)
−6.3%
Avg. growth/yr (25Y)
+9.7%
Revenue −11.5%/yr
FY21 1.2T TWD
FY22 1.1T TWD
FY23 947B TWD
FY24 910B TWD
FY25 758B TWD
Net income −16.9%/yr
FY21 12.6B TWD
FY22 7.3B TWD
FY23 7.7B TWD
FY24 10.0B TWD
FY25 6.0B TWD

2324 screens 34% overvalued. Compare with Dell Technologies Inc →

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Cite: Fair Value Calculator (2026). "Compal Electronics, Inc Fair Value". https://www.fairvalue-calculator.com/stock/2324

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

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 40 · Bottom 25%
Fair Value upside −34% · Below median
Return on equity (TTM) 5% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 1% · Below median
Dividend yield (TTM) 3.1% · Above median
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 26.4× · Pricier than median
P/B 1.17× · Cheaper than median
P/S (TTM) 0.20× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 4.9× · Cheaper than 75% of peers
PEG 9.22× · Pricier than 75% of peers

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 6 · sector 57
PAST 21 · sector 26
HEALTH 95 · sector 97
DIVIDEND 62 · sector 44

VALUE 0: the price sits above our fair-value range.

Insider activity: 35/100

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 15, 2026).

Stock Price Fair Value vs Fair Value
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%
Inspur Electronic Information Industry Co 000977 ¥89.52 ¥31.81 -64%

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Frequently asked questions

Is Compal Electronics, Inc (2324) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 24.08 TWD versus a price of 36.55 TWD, about −34% (overvalued).
What is the fair value of 2324?
Our model-based fair value for Compal Electronics, Inc is 24.08 TWD (as of Jul 15, 2026), built from audited fundamentals. The current price is 36.55 TWD.
What is the quality score of 2324?
Compal Electronics, Inc has a Quality Score of 40/100. 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 Compal Electronics, Inc (2324)?
Compal Electronics, Inc reported trailing-twelve-month revenue of about 760B TWD (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 2324?
The net profit margin of Compal Electronics, Inc is about 0.8%, meaning it keeps roughly 0.8% of revenue as net income. Based on the latest reported figures.
Does Compal Electronics, Inc pay a dividend?
Compal Electronics, Inc currently shows a dividend yield of about 2.60% relative to its recent price (as of Jul 15, 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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