Kaimei Electronic Corp (2375) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kaimei Electronic Corp stock TWD 81.98, price TWD 86.70, that is 5.4% below the price, quality 62 out of 100. Rating: fairly valued. Calculated from audited financials with 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 8, 2026.
How to read this chart
60‑month range 43.50 TWD – 232.50 TWD · fair‑value band 60.12 TWD – 107.70 TWD · the 86.70 TWD price screens above the 81.98 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Kaimei Electronic Corp. manufactures and sells aluminum electrolytic capacitors and motor fans in Hong Kong, China, Taiwan, rest of the Asia Pacific region, Europe, the Americas, and internationally.
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Its products portfolio includes conductive polymer aluminum solid, conductive polymer hybrid, and aluminum electrolytic capacitors; and DC fans, DC blowers, AC fans, and accessories.
The company also engages in the import and export of electronic products; manufacture and sale of resistors, electronic parts and materials, machine equipment, chip resistors, and inductors; reinvestment business; and import and sale of aluminum electrolytic capacitors and motor fans.
Kaimei Electronic Corp. was founded in 1978 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Kaimei Electronic Corp (2375) currently trades at 86.70 TWD, while our model-based Fair Value estimate is 81.98 TWD, so the stock looks roughly fairly valued today (gap 5.8%).
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Valuation
Bull case: the Multiples group reads highest at a median of 101.77 TWD per share, and 8 of the 26 models we run sit above the 86.70 TWD price.
Bear case: the Dividend Discount group reads lowest at 14.45 TWD, and 18 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 60.12 TWD (bear) to 107.70 TWD (bull), the price of 86.70 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 62/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kaimei Electronic Corp reported revenue of 5.5B TWD in FY2025 versus 7.7B TWD in FY2021, a compound −7.9%/yr. Reported net income was 405M TWD in FY2025, compounding −23.3%/yr from FY2021.
Key figures
Market cap 9.4B TWD (≈ $288M) Micro · P/E ratio 20.9 · P/S ratio 1.63 · EPS (TTM) 4.15 TWD · Dividend yield 1.4% · Net margin 7.8% · Return on equity 4.6% · Return on assets (EBIT) 4.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 63% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −5%, 2375 screens cheaper than that median.
Fair Value models
Bear60.12 TWDFair Value 81.98 TWDBull107.70 TWD
Price 86.70 TWD · Downside -5.4%
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 (2.52 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.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.3%
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.
−1.9%
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.
+4.4%
Start year 2020 (pandemic). Over 10 years: +14.1% a year
Revenue growth 23 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.
+3.9%
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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.
−14.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.7%
Dividend (yield on the price)1.4%
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.−15.7% vs 10.8%, 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.15% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+15.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +13.5% a year for the price.
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.Electronic Components · 651 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−5.4% · Above median
Profitability
Return on equity (12 months)4.6% · Below median
Return on assets2.8% · Below median
Net margin (12 months)7.8% · Above median
Operating margin (12 months)8.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)6.3% · Below median
Dividend yield (12 months)1.4% · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)20.9× · Cheaper than median
P/B0.95× · Cheapest 25%
P/S (12 months)1.63× · Cheaper than median
Price / free cash flow (fiscal year)17.9× · Cheaper than median
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Is Kaimei Electronic Corp (2375) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 81.98 TWD versus a price of 86.70 TWD, about 5% lower (fairly valued).
What is the fair value of 2375?
Our model-based fair value for Kaimei Electronic Corp is 81.98 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 86.70 TWD.
What is the quality score of 2375?
Kaimei Electronic Corp has a Quality Score of 62/100. 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 Kaimei Electronic Corp (2375)?
Our model-based price target is the fair value of 81.98 TWD (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 60.12 TWD, optimistic scenario 107.70 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Kaimei Electronic Corp stock forecast for 2026?
Our models put fair value at 81.98 TWD, about 5% lower versus a price of 86.70 TWD (fairly valued). Cautious scenario 60.12 TWD, optimistic scenario 107.70 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Kaimei Electronic Corp (2375)?
Kaimei Electronic Corp reported trailing-twelve-month revenue of about 5.8B TWD (latest available figure, as of Nov 8, 2026).
Does Kaimei Electronic Corp pay a dividend?
Kaimei Electronic Corp currently shows a dividend yield of 1.38% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Kaimei Electronic Corp (2375) and when is the ex-dividend date?
Kaimei Electronic Corp pays a dividend of 1.20 TWD per share a year, a dividend yield of 1.4%. The last ex-dividend date was Aug 6, 2026. The payout ratio is 28.9% of earnings. Free cash flow covers the dividend 4.03 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 Kaimei Electronic Corp (2375)?
For today's price to be fair in a discounted-cash-flow model, Kaimei Electronic Corp would have to grow free cash flow by +15.2 % per year for five years (discount rate 13.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 2375 use?
Our models discount Kaimei Electronic Corp at 13.8 %: a base by market capitalisation (small), damped by beta 1.68, 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 Kaimei Electronic Corp that is +15.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.8 %) and the same formula as our fair value.
How much growth has Kaimei Electronic Corp (2375) delivered so far?
Over the past 5 years revenue at Kaimei Electronic Corp grew +4.4 % a year. The price currently implies free-cash-flow growth of +15.2 % 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 Kaimei Electronic Corp (2375) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Kaimei Electronic Corp (+15.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kaimei Electronic Corp (2375)?
The free-cash-flow yield on the price is 5.60 %: that much free cash flow Kaimei Electronic Corp produces per unit of market value. When it exceeds the discount rate of our models (13.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kaimei Electronic Corp (2375)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kaimei Electronic Corp it is 81.98 TWD per share (as of Nov 8, 2026), against a price of 86.70 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Kaimei Electronic Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 2375 trades above its calculated fair value: price 86.70 TWD, fair value 81.98 TWD, a gap of about −5% (fairly valued). 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 2375?
No. The price is what the market pays today (86.70 TWD); the fair value is what the company's own numbers justify (81.98 TWD). For Kaimei Electronic Corp the two are 4.72 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Kaimei Electronic Corp worth?
The market values Kaimei Electronic Corp at about 9.4B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 86.70 TWD; our models calculate a fair value of 81.98 TWD per share.
What do the bullish and bearish scenarios say about 2375?
Our models span a range for Kaimei Electronic Corp: cautious scenario 60.12 TWD, base 81.98 TWD, optimistic 107.70 TWD per share (as of Nov 8, 2026, price 86.70 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2375?
Kaimei Electronic Corp trades at a price-to-earnings ratio of 20.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 81.98 TWD is built from several models across several years. Other multiples: P/B 1.0, P/S 1.6, EV/EBITDA 9.4.
How solid is the balance sheet of Kaimei Electronic Corp (2375)?
Balance-sheet figures for Kaimei Electronic Corp (as of Nov 8, 2026): return on equity 4.6%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 2375 from its 52-week high?
Kaimei Electronic Corp trades at 86.70 TWD, about 63% below its 52-week high of 232.50 TWD and 19% above the low of 72.60 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 81.98 TWD is for.
Which stocks are comparable to Kaimei Electronic Corp?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, 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 Kaimei Electronic Corp stock attractive at the current price?
The data as of Nov 8, 2026: price 86.70 TWD, calculated fair value 81.98 TWD (−5%), Quality Score 62/100, from 26 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 2375 calculated?
We run Kaimei Electronic Corp through 26 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 81.98 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. Kaimei Electronic Corp itself currently trades above fair value. 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 Kaimei Electronic Corp (2375)?
The closing price on Nov 6, 2026 was 86.70 TWD. Our model-based fair value is 81.98 TWD, about 5% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kaimei Electronic Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Kaimei Electronic Corp (2375) come from?
Earnings per share at Kaimei Electronic Corp grew +10.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.1 %, EBIT margin +6.0 %, tax rate −1.1 %, residual (interest, one-offs) −1.0 %. 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 Kaimei Electronic Corp
How large is the market capitalisation of Kaimei Electronic Corp (2375)?
The market capitalisation of Kaimei Electronic Corp is 9.4B TWD (≈ $288M). 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 Kaimei Electronic Corp (2375)?
The price-to-sales ratio of Kaimei Electronic Corp is 1.63 (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 Kaimei Electronic Corp (2375)?
Earnings per share at Kaimei Electronic Corp are 4.15 TWD (price ÷ EPS = P/E 20.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kaimei Electronic Corp (2375)?
The dividend yield of Kaimei Electronic Corp is 1.4% (payout 28.9%). 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 Kaimei Electronic Corp (2375)?
The net margin of Kaimei Electronic Corp is 7.8% (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 Kaimei Electronic Corp (2375)?
The return on equity (ROE) of Kaimei Electronic Corp is 4.6% (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 Kaimei Electronic Corp (2375)?
On an EBIT basis the return on assets of Kaimei Electronic Corp is 4.0% (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 Kaimei Electronic Corp (2375)?
The operating margin of Kaimei Electronic Corp is 8.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kaimei Electronic Corp (2375)?
Revenue at Kaimei Electronic Corp is growing +6.3% versus a year earlier (3y avg −1.9%). 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 Kaimei Electronic Corp (2375)?
Earnings per share at Kaimei Electronic Corp are growing +458% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kaimei Electronic Corp (2375) carry?
The net debt of Kaimei Electronic Corp is 975M TWD (fiscal year 2025, ≈ 1.9 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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Broad data
Nov 8, 2026