Zippy Technology Corp (2420) Fair Value & Analysis
Industrials · TW · Market cap 8.8B TWD
Fair value as of: Jul 21, 2026
From 24 valuation models · updated 20 days ago
Share price −7.1% over the past month.
A strong business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (40.53 TWD to 83.11 TWD) leaves room in how you read the outcome.
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 28.37 TWD – 79.00 TWD · fair‑value band 40.53 TWD – 83.11 TWD · the 56.50 TWD price screens below the 59.21 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Zippy Technology Corp (2420) currently trades at 56.50 TWD, while our model-based Fair Value estimate is 59.21 TWD, implying the stock looks roughly 4.8% fairly valued today. The Quality Score stands at 75/100 (high quality), in the Industrials 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: high), always confirm before acting.
Over the trailing twelve months, Zippy Technology Corp generated revenue of 2.2B TWD at a net margin of 27.6%. Revenue grew 0.8% year over year. It earns a return on equity of 14.5%. Net debt stands at 22.8M TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 40.53 TWD (bear case) to 83.11 TWD (bull case); at 56.50 TWD, the current price sits within 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 15% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 5%, 2420 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 24 models by family
Widest divergence: Growth Earnings (62.14 TWD) versus Asset-Based (17.46 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 72 · Market factors (momentum, volatility) 58
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
Zippy Technology Corp. designs, manufactures, and trades micro switches and power supplies in Taiwan, Mainland China, the United States, Germany, Italy and internationally. The company operates through Power Supply Division and Switch Division segments.
Full company description
Zippy Technology Corp. designs, manufactures, and trades micro switches and power supplies in Taiwan, Mainland China, the United States, Germany, Italy and internationally. The company operates through Power Supply Division and Switch Division segments. It offers switches, such as waterproof switches, basic micro switches, rotary switches, push switches, low torque switches, slide switches, rocker switches, hook switches, slide DIP Switches, and diagnostic micro switches. The company also provides power supply products, including CRPS module, CRPS redundant, PoE module, 1U redundant, 1U redundant module, redundant-slim type, redundant module -slim type, 2U redundant, N+1 redundant, mini redundant, PS2 redundant, FLEX, 1U single, 2U single, ATX-PS2, open frame, and medical. Its products are used in AI servers, high-end home appliances, medical products, automotive electronics, AIoT server application market, edge computing, data centers, industrial products, network communication, network security, and 5G market applications. The company sells its products under the ZIPPY and EMACS brand names. Zippy Technology Corp. was founded in 1983 and is headquartered in New Taipei City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zippy Technology Corp reported revenue of 2.2B TWD in FY2025 versus 2.7B TWD in FY2021, a compound −4.9%/yr. Reported net income was 597M TWD in FY2025, compounding +0.6%/yr from FY2021.
of which total revenue −4.5 pp · buybacks/dilution +0.0 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
Electrical Equipment & Parts · 526 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 Electrical Equipment & Parts 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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$675.50 | HK$391.44 | -42% |
| ABB Ltd ABBN | CHF 83.82 | CHF 35.46 | -58% |
| Delta Electronics (Thailand) Public Company TDED | 10.16 SGD | 1.47 SGD | -86% |
| LG Energy Solution, Ltd 373220 | 334,000 KRW | 201,455 KRW | -40% |
| WEG S.A WEGE3 | 13,210 ARS | 7,948 ARS | -40% |
| Sungrow Power Supply Co 300274 | ¥114.79 | ¥123.83 | +8% |
| Shenzhen Inovance Technology Co 300124 | ¥63.43 | ¥33.04 | -48% |
| HD Hyundai Electric Co 267260 | 823,000 KRW | 371,133 KRW | -55% |
| LS ELECTRIC Co 010120 | 190,000 KRW | 31,517 KRW | -83% |
| Sieyuan Electric Co 002028 | ¥151.73 | ¥71.69 | -53% |
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Frequently asked questions
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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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