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Elitegroup Computer Systems Co (2331) Fair Value & Analysis

Technology · TW · Market cap 11.9B TWD

EC Elitegroup Computer Systems Co 2331 · TW
Price21.75 TWD
Fair Value21.42 TWD
Upside-1.5%
Quality95/100
Evidence: High Range 16.25 TWD – 27.85 TWD

Fair value as of: Jun 24, 2026

From 22 valuation models · updated 5 days ago

Share price −3.4% over the past month.

Price vs Fair Value (12 months)

30.37 TWD 17.49 TWD Fair Value 21.42 TWD Jun 2025 Jun 2026

12‑month range 17.49 TWD – 30.37 TWD · fair‑value band 16.25 TWD – 27.85 TWD · the 21.75 TWD price screens above the 21.42 TWD fair value. As of Jun 24, 2026.

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Analysis

Elitegroup Computer Systems Co (2331) currently trades at 21.75 TWD, while our model-based Fair Value estimate is 21.42 TWD — implying the stock looks roughly 1.5% overvalued today. We read business quality at 95/100 (high 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: high).

Over the trailing twelve months, Elitegroup Computer Systems Co generated revenue of 21.6B TWD at a net margin of 1.3%. Revenue grew 40.7% year over year. It earns a return on equity of 2.5%. The balance sheet holds a net cash position of 1.6B TWD. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 21.6B TWD
Revenue growth (YoY) +40.7%
Net margin 1.3%
Return on equity 2.5%
Free cash flow 580M TWD FY2025
P/E ratio 15.2
More key figures
Operating margin 0.4%
EPS (TTM) 1.40 TWD
EPS growth (YoY) -89.0%
Net cash 1.6B TWD FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Elitegroup Computer Systems Co.,Ltd., together with its subsidiaries, designs, develops, manufactures, and sells computer equipment in Asia, America, Europe, and internationally. The company offers motherboards, including Intel and AMD platforms, and SoC solutions; desktop computers; notebooks; tablet computers; barebone systems; and graphics cards. It also provides mini PCs under the LIVA brand; commercial and education laptops; chromebooks; AIO and gaming PCs; IPC motherboards; CubeSat; and wearables/IoT, such as portable sharing AP, gaming headsets, EV AC chargers, and smart gateways. In addition, the company is involved in the manufacture and sale of computer peripheral products and related components, cases, and systems assembled; manufacture and maintenance of electrical equipment and instruments; manufacture of PCBs; trading in ICs and electric components; wholesale, trade, maintenance, and technical consultation for computers and peripheral products; provision of technical a…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Elitegroup Computer Systems Co reported revenue of 20.1B TWD in FY2025 versus 31.9B TWD in FY2021, a compound −10.9%/yr. Reported net income was 788M TWD in FY2025, compounding +82.2%/yr from FY2021.

Revenue −10.9%/yr
FY21 31.9B TWD
FY22 31.4B TWD
FY23 19.7B TWD
FY24 17.5B TWD
FY25 20.1B TWD
Net income +82.2%/yr
FY21 71.5M TWD
FY22 875M TWD
FY23 1.0B TWD
FY24 −90.5M TWD
FY25 788M TWD

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Similar stocks

6 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0100 -68%
Dell Technologies Inc DELL $418.71 $355.18 -15%
Arista Networks, Inc ANET $166.01 $79.74 -52%
Western Digital Corporation WDC $490.09 $126.56 -74%
Quanta Computer Inc 2382 390.50 TWD 439.71 TWD +13%
Hangzhou Hikvision Digital Technology Co 002415 ¥32.83 ¥39.93 +22%

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Frequently asked questions

Is Elitegroup Computer Systems Co (2331) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 21.42 TWD versus a price of 21.75 TWD — about −2% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 2331?
Our 21-model fair value for Elitegroup Computer Systems Co is 21.42 TWD (as of Jun 24, 2026), built from audited fundamentals. The current price is 21.75 TWD.
What is the quality score of 2331?
Elitegroup Computer Systems Co has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Elitegroup Computer Systems Co (2331)?
Elitegroup Computer Systems Co reported trailing-twelve-month revenue of about 21.6B TWD (latest available figure, as of Jun 24, 2026).
What is the net profit margin of 2331?
The net profit margin of Elitegroup Computer Systems Co is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.

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.