Ichia Technologies Inc (2402) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ichia Technologies Inc stock TWD 30.19, price TWD 45.05, that is 33.0% below the price, quality 47 out of 100. Rating: overvalued. Calculated from audited financials with 16 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 5, 2026.
How to read this chart
60‑month range 13.43 TWD – 77.70 TWD · fair‑value band 20.61 TWD – 43.00 TWD · the 45.05 TWD price screens above the 30.19 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Ichia Technologies, Inc., together with its subsidiaries, manufactures, processes, and trades in components and materials for electronics, home appliances, electronical engineering, electrical equipment, communications, and computers in the United States, Europe, and Asia.
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The company offers conductive silicone elastomers, plastic keys, keyboard assemblies, input devices, and flexible printed circuit boards; rubber and plastic keypads; single sided, double sided, and multi-layer FPC boards; and plastic, silicon rubber, and plastic + silicon rubber modules.
It is also involved in various investment businesses; import and export of domestic and foreign products; and agency, distribution, tender, and quotation business. Ichia Technologies, Inc. was founded in 1983 and is headquartered in Taoyuan City, Taiwan.
Stock analysis
Ichia Technologies Inc (2402) currently trades at 45.05 TWD, while our model-based Fair Value estimate is 30.19 TWD, 33% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 58.81 TWD per share, and 5 of the 16 models we run sit above the 45.05 TWD price.
Bear case: the Asset-Based group reads lowest at 3.21 TWD, and 11 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: 20.61 TWD (bear) to 43.00 TWD (bull), the price of 45.05 TWD sits above 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 47/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ichia Technologies Inc reported revenue of 10.8B TWD in FY2025 versus 6.5B TWD in FY2021, a compound +13.8%/yr. Reported net income was 754M TWD in FY2025, compounding +35.6%/yr from FY2021.
Key figures
Market cap 14.1B TWD (≈ $430M) Small · P/E ratio 29.6 · P/S ratio 1.21 · EPS (TTM) 1.52 TWD · Dividend yield 4.4% · Net margin 4.4% · Return on equity 7.7% · Return on assets (EBIT) 5.0% (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 42% below its 52-week high and at 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 −33%, 2402 screens richer than that median.
Fair Value models
Bear20.61 TWDFair Value 30.19 TWDBull43.00 TWD
Price 45.05 TWD · Downside -33.0%
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.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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+13.8%
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.
+12.3%
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.
+14.5%
Start year 2020 (pandemic). Over 10 years: +3.9% a year
Revenue growth 17 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.
+1.1%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+48.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+44.3%
Dividend (yield on the price)4.4%
Per share before 2008divided by the spin-off factor 1.02
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.27.4% vs 31.3%, 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.4% → 9%
2025 sits 59% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−33.0% · Below median
Profitability
Return on equity (12 months)7.7% · Above median
Return on assets4.9% · Above median
Net margin (12 months)4.4% · Below median
Operating margin (12 months)5.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)16.8% · Above median
Dividend yield (12 months)4.4% · Top 25%
Balance sheet
Debt / equity0.36× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)29.6× · Pricier than median
P/B1.90× · Cheaper than median
P/S (12 months)1.21× · Cheaper than median
EV/EBITDA12.8× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)84· sector 70
PAST (return on equity)31· sector 28
HEALTH (low debt)82· sector 95
DIVIDEND (yield)89· sector 27
VALUE 0: the price sits above our fair-value range.
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 Ichia Technologies Inc (2402) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 30.19 TWD versus a price of 45.05 TWD, about 33% lower (overvalued).
What is the fair value of 2402?
Our model-based fair value for Ichia Technologies Inc is 30.19 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 45.05 TWD.
What is the quality score of 2402?
Ichia Technologies Inc has a Quality Score of 47/100. 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 Ichia Technologies Inc (2402)?
Our model-based price target is the fair value of 30.19 TWD (as of Nov 5, 2026) from 16 valuation models. Cautious scenario 20.61 TWD, optimistic scenario 43.00 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ichia Technologies Inc stock forecast for 2026?
Our models put fair value at 30.19 TWD, about 33% lower versus a price of 45.05 TWD (overvalued). Cautious scenario 20.61 TWD, optimistic scenario 43.00 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ichia Technologies Inc (2402)?
Ichia Technologies Inc reported trailing-twelve-month revenue of about 11.7B TWD (latest available figure, as of Nov 5, 2026).
Does Ichia Technologies Inc pay a dividend?
Ichia Technologies Inc currently shows a dividend yield of 4.44% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Ichia Technologies Inc (2402) and when is the ex-dividend date?
Ichia Technologies Inc pays a dividend of 2.00 TWD per share a year, a dividend yield of 4.4%. The last ex-dividend date was Jul 29, 2026. The payout ratio is 132% of earnings. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Ichia Technologies Inc (2402)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ichia Technologies Inc it is 30.19 TWD per share (as of Nov 5, 2026), against a price of 45.05 TWD. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Ichia Technologies Inc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 2402 trades above its calculated fair value: price 45.05 TWD, fair value 30.19 TWD, a gap of about −33% (overvalued). 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 2402?
No. The price is what the market pays today (45.05 TWD); the fair value is what the company's own numbers justify (30.19 TWD). For Ichia Technologies Inc the two are 14.86 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ichia Technologies Inc worth?
The market values Ichia Technologies Inc at about 14.1B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 45.05 TWD; our models calculate a fair value of 30.19 TWD per share.
What do the bullish and bearish scenarios say about 2402?
Our models span a range for Ichia Technologies Inc: cautious scenario 20.61 TWD, base 30.19 TWD, optimistic 43.00 TWD per share (as of Nov 5, 2026, price 45.05 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2402?
Ichia Technologies Inc trades at a price-to-earnings ratio of 29.6 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 30.19 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 22.9. Other multiples: P/B 1.9, P/S 1.2, EV/EBITDA 12.8.
How solid is the balance sheet of Ichia Technologies Inc (2402)?
Balance-sheet figures for Ichia Technologies Inc (as of Nov 5, 2026): return on equity 7.7%, debt of 0.36 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 2402 from its 52-week high?
Ichia Technologies Inc trades at 45.05 TWD, about 42% below its 52-week high of 77.70 TWD and at the low of 45.05 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 30.19 TWD is for.
Which stocks are comparable to Ichia Technologies Inc?
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 Ichia Technologies Inc stock attractive at the current price?
The data as of Nov 5, 2026: price 45.05 TWD, calculated fair value 30.19 TWD (−33%), Quality Score 47/100, from 16 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 2402 calculated?
We run Ichia Technologies Inc through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 30.19 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. Ichia Technologies Inc 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 Ichia Technologies Inc (2402)?
The closing price on Nov 6, 2026 was 45.05 TWD. Our model-based fair value is 30.19 TWD, about 33% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ichia Technologies Inc right now?
The price sits above even our optimistic bull case (43.00 TWD). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (20.61 TWD to 43.00 TWD) leaves room in how you read the outcome.
Key figures of Ichia Technologies Inc
How large is the market capitalisation of Ichia Technologies Inc (2402)?
The market capitalisation of Ichia Technologies Inc is 14.1B TWD (≈ $430M). 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 Ichia Technologies Inc (2402)?
The price-to-sales ratio of Ichia Technologies Inc is 1.21 (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 Ichia Technologies Inc (2402)?
Earnings per share at Ichia Technologies Inc are 1.52 TWD (price ÷ EPS = P/E 29.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ichia Technologies Inc (2402)?
The dividend yield of Ichia Technologies Inc is 4.4% (payout 132%). 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 Ichia Technologies Inc (2402)?
The net margin of Ichia Technologies Inc is 4.4% (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 Ichia Technologies Inc (2402)?
The return on equity (ROE) of Ichia Technologies Inc is 7.7% (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 Ichia Technologies Inc (2402)?
On an EBIT basis the return on assets of Ichia Technologies Inc is 5.0% (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 Ichia Technologies Inc (2402)?
The operating margin of Ichia Technologies Inc is 5.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ichia Technologies Inc (2402)?
Revenue at Ichia Technologies Inc is growing +16.8% versus a year earlier (3y avg +12.3%). 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 Ichia Technologies Inc (2402)?
Earnings per share at Ichia Technologies Inc are growing −45.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ichia Technologies Inc (2402) generate?
The free cash flow of Ichia Technologies Inc is −657M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ichia Technologies Inc (2402) carry?
The net debt of Ichia Technologies Inc is 2.5B TWD (fiscal year 2025). 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 5, 2026