Sunrex Technology Corporation (2387) Fair Value & Analysis
Technology · TW · Market cap 7.4B TWD
Fair value as of: Jul 21, 2026
From 25 valuation models · updated 21 days ago
Share price −5.8% over the past month.
A solid business, screening 85% undervalued on our models.
What matters now
- The price is below even our cautious bear case (51.99 TWD). The market is more pessimistic than our downside scenario.
- Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.
How to read this chart
60‑month range 28.89 TWD – 73.40 TWD · fair‑value band 51.99 TWD – 86.64 TWD · the 37.55 TWD price screens below the 69.31 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Sunrex Technology Corporation (2387) currently trades at 37.55 TWD, while our model-based Fair Value estimate is 69.31 TWD, implying the stock looks roughly 84.6% undervalued today. The Quality Score stands at 55/100 (solid 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: medium), always confirm before acting.
Over the trailing twelve months, Sunrex Technology Corporation generated revenue of 18.6B TWD at a net margin of 2.9%. Revenue declined 6.5% year over year. It earns a return on equity of 4.9%. The balance sheet holds a net cash position of 1.2B TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 51.99 TWD (bear case) to 86.64 TWD (bull case); at 37.55 TWD, the current price sits below 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 share trades about 29% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 85%, 2387 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.
All 25 models by family
Widest divergence: DCF Models (76.31 TWD) versus Asset-Based (36.72 TWD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 42
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
Sunrex Technology Corporation engages in the manufacture and sale of laptop computer keyboards worldwide. It offers wired/wireless keyboard and mouse, HTPC multimedia keyboards, leather casing keyboards for tablet computers, touch-controlled keyboards, gaming keyboards, and mice, as well as 3D air keyboards and mice.
Full company description
Sunrex Technology Corporation engages in the manufacture and sale of laptop computer keyboards worldwide. It offers wired/wireless keyboard and mouse, HTPC multimedia keyboards, leather casing keyboards for tablet computers, touch-controlled keyboards, gaming keyboards, and mice, as well as 3D air keyboards and mice. The company is also involved in the research and development of various human interface devices, such as keyboards/mice for desktop computers, writing tablets, and presentation devices; and production of tablet computers and AIO-related peripheral products. Sunrex Technology Corporation was founded in 1975 and is headquartered in Taichung, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Sunrex Technology Corporation reported revenue of 18.9B TWD in FY2025 versus 24.1B TWD in FY2021, a compound −5.9%/yr. Reported net income was 671M TWD in FY2025, compounding −10.1%/yr from FY2021.
of which total revenue +3.6 pp · buybacks/dilution +3.2 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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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.
Valuation Multiples vs Computer Hardware median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Compal Electronics, Inc CEIR | $0.0310 | $0.0276 | -11% |
| 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% |
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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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