Ichia Technologies Inc (2402) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Ichia Technologies Inc TWD 40.99, price TWD 54.80, upside -25.2%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range 13.43 TWD – 77.70 TWD · fair‑value band 21.72 TWD – 68.44 TWD · the 54.80 TWD price screens above the 40.99 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 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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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. 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 54.80 TWD, while our model-based Fair Value estimate is 40.99 TWD, implying the stock looks roughly 33.7% 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 4 of the 16 models we run sit above the 54.80 TWD price.
Bear case: the Earnings-Based group reads lowest at 15.54 TWD, and 12 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: 21.72 TWD (bear) to 68.44 TWD (bull), the price of 54.80 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 44/100 (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 16.7B TWD (≈ $525M) · P/E ratio 23.6 · P/S ratio 1.64 · EPS (TTM) 2.32 TWD · Dividend yield 3.6% · Net margin 6.9% · Return on equity 8.7% · Return on assets (EBIT) 5.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −65% fair-value upside, at −25%, 2402 screens cheaper than that median.
Fair Value models
Bear 21.72 TWDFair Value 40.99 TWDBull 68.44 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.2341 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.Evidence ⓘEvidence = 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 22 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.
+4.7%
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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.
+47.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+44.3%
Dividend (yield on the price)3.6%
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% vs 31%, 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 · 644 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−24% · Above median
Profitability
Return on equity (TTM)9% · Above median
Return on assets3% · Above median
Net margin (TTM)5% · Above median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth15% · Above median
Dividend yield (TTM)3.6% · Top 25%
Balance sheet
Debt / equity0.36× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)23.6× · Cheaper than median
P/B2.21× · Cheaper than median
P/S (TTM)1.46× · Cheaper than median
EV/EBITDA14.2× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)76· sector 40
PAST (return on equity)35· sector 25
HEALTH (low debt)82· sector 95
DIVIDEND (yield)73· sector 24
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 Sep 23, 2026, our model estimates a fair value of 40.99 TWD versus a price of 54.80 TWD, about −25% upside (overvalued).
What is the fair value of 2402?
Our model-based fair value for Ichia Technologies Inc is 40.99 TWD (as of Sep 23, 2026), built from audited fundamentals. The current price: 54.80 TWD.
What is the quality score of 2402?
Ichia Technologies Inc has a Quality Score of 44/100. 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 40.99 TWD (as of Sep 23, 2026) from 16 valuation models. Cautious scenario 21.72 TWD, optimistic scenario 68.44 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 40.99 TWD, about −25% upside versus a price of 54.80 TWD (overvalued). Cautious scenario 21.72 TWD, optimistic scenario 68.44 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 11.2B TWD (latest available figure, as of Sep 23, 2026).
Does Ichia Technologies Inc pay a dividend?
Ichia Technologies Inc currently shows a dividend yield of about 3.65% relative to its recent price (as of Sep 23, 2026).
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 40.99 TWD per share (as of Sep 23, 2026), against a price of 54.80 TWD. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Ichia Technologies Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 2402 trades above its calculated fair value: price 54.80 TWD, fair value 40.99 TWD, a gap of about −25% (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 (54.80 TWD); the fair value is what the company's own numbers justify (40.99 TWD). For Ichia Technologies Inc the two are 13.81 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 16.7B TWD (market capitalisation, as of Sep 23, 2026). Per share that is 54.80 TWD; our models calculate a fair value of 40.99 TWD per share.
What do the bullish and bearish scenarios say about 2402?
Our models span a range for Ichia Technologies Inc: cautious scenario 21.72 TWD, base 40.99 TWD, optimistic 68.44 TWD per share (as of Sep 23, 2026, price 54.80 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 23.6 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 40.99 TWD is built from several models across several years. Other multiples: P/B 2.2, P/S 1.5, EV/EBITDA 14.2.
How solid is the balance sheet of Ichia Technologies Inc (2402)?
Balance-sheet figures for Ichia Technologies Inc (as of Sep 23, 2026): return on equity 8.7%, debt of 0.36 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 2402 from its 52-week high?
Ichia Technologies Inc trades at 54.80 TWD, about 29% below its 52-week high of 77.70 TWD and 21% above the low of 45.40 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 40.99 TWD is for.
Which stocks are comparable to Ichia Technologies Inc?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Luxshare Precision Industry Co, 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 Sep 23, 2026: price 54.80 TWD, calculated fair value 40.99 TWD (−25%), Quality Score 44/100, 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 40.99 TWD, 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 14.1 % 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 Sep 24, 2026 was 54.80 TWD. Our model-based fair value is 40.99 TWD, about −25% upside (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?
Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (21.72 TWD to 68.44 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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 16.7B TWD (≈ $525M). 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 1.64 (P/E × margin). 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 2.32 TWD (price ÷ EPS = P/E 23.6). 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 3.6% (payout 86.2%). 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 6.9% (fiscal year 2025). 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 8.7% (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 2.9% (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 +15.2% 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 −88.4% 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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