Zippy Technology Corp (2420) fair value: what the stock is really worth
We calculate from audited financials what Zippy Technology Corp is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
Watch it or check another stockalert when fair value or trend changes
A strong business, currently priced close to our fair value of 54.56 TWD.
As of Sep 7, 2026, the fair value of Zippy Technology Corp is 54.56 TWD per share against a price of 54.20 TWD, so the fair value sits 1% above the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y −2.5 %/yr)
✓Highly profitable · 27.6% net margin
✓Low debt · generates free cash flow
·5.54% dividend yield
✓Ranks above peers (11/14)
✓Wide moat 75/100
!Weak on future: 4 out of 100
Evidence: HighRange 39.15 TWD to 82.05 TWD
Fair value as of: Sep 7, 2026
From 24 valuation models · updated 3 days ago
Share price −4.1% over the past month.
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Zippy Technology Corp (2420) currently trades at 54.20 TWD, while our model-based Fair Value estimate is 54.56 TWD, implying the stock looks roughly 0.7% fairly valued today. The Quality Score stands at 75/100 (high quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of 62.14 TWD per share, and 8 of the 24 models we run sit above the 54.20 TWD price. Bear case: the Asset-Based group reads lowest at 17.46 TWD, and 16 of the 24 models stay below the price. Evidence for this calculation is high.
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 Sep 7, 2026
Scenario range: 39.15 TWD (bear) to 82.05 TWD (bull), the price of 54.20 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 18% below its 52-week high and 14% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at 1%, 2420 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (0.6169 TWD per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio13.9
P/S ratio3.82P/E × margin
EPS (TTM)3.89 TWDprice ÷ EPS = P/E 13.9
Dividend yield5.5%payout 77.1%
Net margin27.4%FY2025
Return on equity14.5%TTM
More key figures
Profitability
Return on assets (EBIT)12.2%avg 5y
Operating margin29.9%TTM
Growth
Revenue (TTM)2.2B TWDTTM
Revenue growth (YoY)+0.8%3y avg −6.2%
EPS growth (YoY)+4.0%
Balance sheet & cash flow
Free cash flow611M TWDFY2025
Net debt22.8M TWDFY2025 · ≈ 0.0 yrs of FCF
Figures from reported company fundamentals · as of Sep 7, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality75/100
Of which business quality 72
· Market factors (momentum, volatility) 51
Profitability56
Margins and returns on capital today
Quality Growth25
Are margins and returns improving?
Cashflow84
Earnings quality: real cash, not paper profit
Fin. Strength89
Balance sheet, leverage, solvency risk
Investment95
Disciplined investing over empire-building
Low Volatility87
Calm price path (market factor)
Momentum36
Price trend over the last 3–12 months (market factor)
52W Momentum34
Distance to the 52-week high (market factor)
Net Issuance84
Buybacks instead of dilution
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.2B TWD
Latest YoY
−2.6%
Avg. revenue growth/yr (3Y) ⓘ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.
−6.2%
Avg. revenue growth/yr (5Y) ⓘ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.
−2.5%
Avg. revenue growth/yr (23Y) ⓘ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.
+0.4%
Value creation/yr (5Y, in TWD) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+9.8%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+4.3%
Dividend yield5.5%
Trend ⓘ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.5Y 4.3% vs 10Y 0.2%, picking up
Operating margin (EBIT) ⓘ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.23.3% (2020) → 29.2% (2025) · rising
Worst earnings drop50% (2009) · in TWD
⚠ Revenue per share shrinking 4.3%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Revenue−4.9%/yr
FY212.7B TWD
FY222.6B TWD
FY232.1B TWD
FY242.2B TWD
FY252.2B TWD
Net income+0.6%/yr
FY21583M TWD
FY22676M TWD
FY23542M TWD
FY24666M TWD
FY25597M TWD
Character of growth · EPS growth decomposed (2014-2025)+0.1 % p.a.
Revenue per share−4.4 %
of which total revenue −4.5 % · buybacks/dilution +0.0 %
EBIT margin+4.5 %
Tax rate−0.4 %
Residual (interest, one-offs)+0.6 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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.
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
Quality Score75 · Top 25%
Fair Value upside+0% · Top 25%
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)28% · Top 25%
Operating margin (TTM)30% · Top 25%
Growth and dividend
Revenue growth1% · Below median
Dividend yield (TTM)5.5% · Top 25%
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)13.9× · Cheapest 25%
P/B2.21× · Cheaper than median
P/S (TTM)4.03× · Priciest 25%
P/FCF0.5× · Cheapest 25%
EV/EBITDA12.1× · Cheaper than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Zippy Technology Corp deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+5.2 % per year
Achieved revenue growth, 5 years-2.5 % p.a.
Sector median revenue growth+4.6 %
FCF yield on price7.38 %
Discount rate (WACC) in the models11.8 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
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.
This stockSector peers
VALUE34· sector 0
FUTURE4· sector 56
PAST58· sector 26
HEALTH88· sector 97
DIVIDEND100· sector 22
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
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Is Zippy Technology Corp (2420) overvalued or undervalued?
As of Sep 7, 2026, our model estimates a fair value of 54.56 TWD versus a price of 54.20 TWD, about +1% upside (fairly valued).
What is the fair value of 2420?
Our model-based fair value for Zippy Technology Corp is 54.56 TWD (as of Sep 7, 2026), built from audited fundamentals. The current price: 54.20 TWD.
What is the quality score of 2420?
Zippy Technology Corp has a Quality Score of 75/100. 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 Zippy Technology Corp (2420)?
Our model-based price target is the fair value of 54.56 TWD (as of Sep 7, 2026) from 24 valuation models. Cautious scenario 39.15 TWD, optimistic scenario 82.05 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Zippy Technology Corp stock forecast for 2026?
Our models put fair value at 54.56 TWD, about +1% upside versus a price of 54.20 TWD (fairly valued). Cautious scenario 39.15 TWD, optimistic scenario 82.05 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Zippy Technology Corp (2420)?
Zippy Technology Corp reported trailing-twelve-month revenue of about 2.2B TWD (latest available figure, as of Sep 7, 2026).
What is the net profit margin of 2420?
The net profit margin of Zippy Technology Corp is about 27.6%, meaning it keeps roughly 27.6% of revenue as net income. Based on the latest reported figures.
Does Zippy Technology Corp pay a dividend?
Zippy Technology Corp currently shows a dividend yield of about 5.54% relative to its recent price (as of Sep 7, 2026).
What growth is priced into Zippy Technology Corp (2420)?
For today's price to be fair in a discounted-cash-flow model, Zippy Technology Corp would have to grow free cash flow by +5.2 % per year for ten years (discount rate 11.8 %, then 2 % perpetual growth). Over the last 5 years revenue grew -2.5 % per year. As of Sep 7, 2026.
What discount rate (WACC) does the fair value of 2420 use?
Our models discount Zippy Technology Corp at 11.8 %: a base by market capitalisation (micro), damped by beta 0.45, country premium for Taiwan. The same rate applies in all 26 models.
What is the intrinsic value of Zippy Technology Corp (2420)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zippy Technology Corp it is 54.56 TWD per share (as of Sep 7, 2026), against a price of 54.20 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Zippy Technology Corp stock overvalued or undervalued in 2026?
As of Sep 7, 2026, 2420 trades below its calculated fair value: price 54.20 TWD, fair value 54.56 TWD, a gap of about +1% (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 2420?
No. The price is what the market pays today (54.20 TWD); the fair value is what the company's own numbers justify (54.56 TWD). For Zippy Technology Corp the two are 0.3600 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Zippy Technology Corp worth?
The market values Zippy Technology Corp at about 8.3B TWD (market capitalisation, as of Sep 7, 2026). Per share that is 54.20 TWD; our models calculate a fair value of 54.56 TWD per share.
What do the bullish and bearish scenarios say about 2420?
Our models span a range for Zippy Technology Corp: cautious scenario 39.15 TWD, base 54.56 TWD, optimistic 82.05 TWD per share (as of Sep 7, 2026, price 54.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2420?
Zippy Technology Corp trades at a price-to-earnings ratio of 13.9 (as of Sep 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 54.56 TWD is built from several models across several years. Other multiples: P/B 2.2, P/S 4.0, EV/EBITDA 12.1.
How solid is the balance sheet of Zippy Technology Corp (2420)?
Balance-sheet figures for Zippy Technology Corp (as of Sep 7, 2026): return on equity 14.5%, debt of 0.24 per unit of equity. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is 2420 from its 52-week high?
Zippy Technology Corp trades at 54.20 TWD, about 18% below its 52-week high of 66.10 TWD and 14% above the low of 47.60 TWD (as of Sep 7, 2026). Distance from the high says nothing about value: that is what the fair value of 54.56 TWD is for.
Which stocks are comparable to Zippy Technology Corp?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Zippy Technology Corp stock attractive at the current price?
The data as of Sep 7, 2026: price 54.20 TWD, calculated fair value 54.56 TWD (+1%), Quality Score 75/100, from 24 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 2420 calculated?
We run Zippy Technology Corp through 24 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 54.56 TWD, with the spread shown as a cautious and an optimistic scenario.
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