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Cosmo Electronics Corp (2466) Fair Value & Analysis

Technology · TW · Market cap 20.0B TWD

CE Cosmo Electronics Corp 2466 · TW
Price104.00 TWD
Fair Value133.80 TWD
Upside+28.7%
Quality45/100
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Strengths

Trades 29% below our fair value of 133.80 TWD
Solidly profitable · 14.3% net margin

Risks

!Weak Growth
!Low debt · negative free cash flow
!Trails peers (3/12)
!Narrow moat 24/100
Weak Growth
Solidly profitable · 14.3% net margin
Low debt · negative free cash flow
Trails peers (3/12)
Narrow moat 24/100
Evidence: Medium Range 100.35 TWD – 167.25 TWD Share as image

Fair value as of: Aug 13, 2026

From 10 valuation models · updated 7 days ago

Fair value updated Aug 13, 2026, revised from 134.25 TWD to 133.80 TWD (−0.3%) since Jul 21, 2026. Share price −10.0% over the past month.

Below-average quality, screening 29% undervalued on our models.

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What matters now

  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 100.35 TWD (bear) to 167.25 TWD (bull), base 133.80 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 45/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

122.00 TWD 28.56 TWD Fair Value 133.80 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 28.56 TWD – 122.00 TWD · fair‑value band 100.35 TWD – 167.25 TWD · the 104.00 TWD price screens below the 133.80 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Cosmo Electronics Corp (2466) currently trades at 104.00 TWD, while our model-based Fair Value estimate is 133.80 TWD, implying the stock looks roughly 28.7% undervalued today. The Quality Score stands at 45/100 (below-average 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, Cosmo Electronics Corp generated revenue of 904M TWD at a net margin of 14.3%. Revenue declined 22.1% year over year. It earns a return on equity of 6.6%. Net debt stands at 1.1B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 100.35 TWD (bear case) to 167.25 TWD (bull case); at 104.00 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 near its 52-week high and 159% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -68% fair-value upside, at 29%, 2466 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.

Model 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
Highest evidence
Residual Income 265.03 TWD 256.34 TWD 206.49 TWD 76
Gordon GGM 81.37 TWD 89.09 TWD 100.99 TWD 70
Growth-Adj P/E 115.47 TWD 165.00 TWD 214.53 TWD 68
All 10 models by family
DCF Models
Owner Earnings 30.23 TWD 80.09 TWD 172.40 TWD 31
Earnings-Based
Graham-Dodd 53.39 TWD 65.29 TWD 73.65 TWD 54
Dividend Discount
Gordon GGM 81.37 TWD 89.09 TWD 100.99 TWD 70
DDM Multi-Stage 81.37 TWD 102.28 TWD 131.23 TWD 61
Multiples
P/E Multiple 165.32 TWD 220.32 TWD 275.32 TWD 63
P/S Multiple 100.35 TWD 133.80 TWD 167.25 TWD 58
P/B Multiple 100.35 TWD 133.80 TWD 167.25 TWD 55
Asset-Based
NCAV (Graham) 186.23 TWD 249.27 TWD 372.13 TWD 50
Economic Profit
Residual Income 265.03 TWD 256.34 TWD 206.49 TWD 76
Growth Earnings
Growth-Adj P/E 115.47 TWD 165.00 TWD 214.53 TWD 68

Widest divergence: Economic Profit (256.34 TWD) versus Earnings-Based (65.29 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 904M TWD
Revenue growth (YoY) -22.1%
Net margin 14.3%
Return on equity 6.6%
Free cash flow −56.8M TWD FY2025
P/E ratio 186.4 as of Jun 12, 2026
More key figures
Operating margin -32.4%
EPS (TTM) 0.2500 TWD
EPS growth (YoY) -3.8%
Net debt 1.1B TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 43 · Market factors (momentum, volatility) 73

Profitability 16
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 91
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 100
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.

About the company

Cosmo Electronics Corporation engages in the manufacturing and sale of relays and photocouplers worldwide. It offers photo coupler, SSR-MOSFET output, reed relay, and solid-state relay.

Full company description

Cosmo Electronics Corporation engages in the manufacturing and sale of relays and photocouplers worldwide. It offers photo coupler, SSR-MOSFET output, reed relay, and solid-state relay. The company is also involved in trading of electronic products; manufacturing and selling of material of biomass energy; processing and trading of PCBs and routers; and land development business. Its products are used in power, security, industrial, consumer electronics, and automotive electronics product applications. The company was incorporated in 1981 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

Cosmo Electronics Corp reported revenue of 949M TWD in FY2025 versus 1.3B TWD in FY2021, a compound −8.3%/yr. Reported net income was 42.4M TWD in FY2025, compounding −6.3%/yr from FY2021.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
949M TWD
Latest YoY
−14.3%
Avg. 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.
−12.0%
Avg. 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.
−5.3%
Avg. 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.
+1.5%
Revenue −8.3%/yr
FY21 1.3B TWD
FY22 1.4B TWD
FY23 1.1B TWD
FY24 1.1B TWD
FY25 949M TWD
Net income −6.3%/yr
FY21 54.9M TWD
FY22 111M TWD
FY23 30.1M TWD
FY24 −29.0M TWD
FY25 42.4M TWD

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Cite: Fair Value Calculator (2026). "Cosmo Electronics Corp Fair Value". https://www.fairvalue-calculator.com/stock/2466

Peer Group

Electronic Components · 646 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.

Quality Score 45 · Below median
Fair Value upside +29% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets -4% · Bottom 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) -32% · Bottom 25%
Revenue growth -22% · Bottom 25%
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.38× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 186.4× · Pricier than 75% of peers
P/B 9.98× · Pricier than 75% of peers
P/S (TTM) 22.16× · Pricier than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE72 · sector 0
FUTURE0 · sector 37
PAST26 · sector 24
HEALTH81 · sector 95
DIVIDEND12 · sector 25

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

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,790 TWD 602.37 TWD -66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 -31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW -88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 -90%
Shengyi Technology Co 600183 ¥143.23 ¥36.30 -75%
Victory Giant Technology (HuiZhou) Co 2476 HK$238.60 HK$75.68 -68%
Asia Vital Components Co 3017 2,910 TWD 1,369 TWD -53%
Nan Ya Printed Circuit Board Corporation 8046 1,215 TWD 1,768 TWD +46%
Zhen Ding Technology Holding 4958 477.50 TWD 136.13 TWD -71%
Jentech Precision Industrial Co 3653 5,460 TWD 938.20 TWD -83%

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Frequently asked questions

Is Cosmo Electronics Corp (2466) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 133.80 TWD versus a price of 104.00 TWD, about +29% (undervalued).
What is the fair value of 2466?
Our model-based fair value for Cosmo Electronics Corp is 133.80 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 104.00 TWD.
What is the quality score of 2466?
Cosmo Electronics Corp has a Quality Score of 45/100. 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 revenue of Cosmo Electronics Corp (2466)?
Cosmo Electronics Corp reported trailing-twelve-month revenue of about 904M TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2466?
The net profit margin of Cosmo Electronics Corp is about 14.3%, meaning it keeps roughly 14.3% of revenue as net income. Based on the latest reported figures.

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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