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Catcher Technology Co (2474) Fair Value & Analysis

Industrials · TW · Market cap 100B TWD

CT Catcher Technology Co 2474 · TW
Price187.50 TWD
Fair Value296.50 TWD
Upside+58.1%
Quality65/100
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Weak Growth
Highly profitable · 31.7% net margin
Low debt · generates free cash flow
5.29% dividend yield
Ranks above peers (9/15)
Moderate moat 46/100
Evidence: High Range 207.54 TWD – 326.83 TWD Share as image

Fair value as of: Jul 19, 2026

From 24 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 201.09 TWD to 296.50 TWD (+47.4%) since Jul 7, 2026. Share price −3.8% over the past month.

A solid business, screening 58% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (207.54 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

247.93 TWD 106.20 TWD Fair Value 296.50 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 106.20 TWD – 247.93 TWD · fair‑value band 207.54 TWD – 326.83 TWD · the 187.50 TWD price screens below the 296.50 TWD fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Catcher Technology Co (2474) currently trades at 187.50 TWD, while our model-based Fair Value estimate is 296.50 TWD, implying the stock looks roughly 58.1% undervalued today. The Quality Score stands at 65/100 (solid 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, Catcher Technology Co generated revenue of 18.1B TWD at a net margin of 31.7%. Revenue declined 13.2% year over year. It earns a return on equity of 3.8%. Net debt stands at 18.9B TWD. Fundamentals as of Jul 19, 2026

Our scenario range runs from 207.54 TWD (bear case) to 326.83 TWD (bull case); at 187.50 TWD, the current price sits below 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 30% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at 58%, 2474 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 BearBaseBull Evidence
Highest evidence
Growth DCF 227.73 TWD 276.03 TWD 363.93 TWD 80
Residual Income 205.49 TWD 210.35 TWD 204.21 TWD 76
Rev-Margin DCF 164.46 TWD 191.51 TWD 227.66 TWD 74
All 24 models by family
DCF Models
FCF DCF 222.11 TWD 271.43 TWD 369.41 TWD 38
Owner Earnings 230.94 TWD 283.35 TWD 387.47 TWD 31
5Y Revenue Exit 164.46 TWD 188.59 TWD 224.73 TWD 39
5Y EBITDA Exit 180.14 TWD 215.21 TWD 263.16 TWD 41
5Y P/E Exit 241.31 TWD 319.06 TWD 414.11 TWD 38
10Y Revenue Exit 184.09 TWD 208.39 TWD 234.54 TWD 36
10Y EBITDA Exit 195.14 TWD 225.96 TWD 259.52 TWD 37
10Y P/E Exit 232.70 TWD 294.49 TWD 357.66 TWD 35
Earnings-Based
Graham-Dodd 90.20 TWD 149.67 TWD 181.69 TWD 54
EPV 108.62 TWD 113.19 TWD 117.19 TWD 59
Dividend Discount
Gordon GGM 179.58 TWD 221.11 TWD 265.08 TWD 70
DDM Multi-Stage 179.58 TWD 240.40 TWD 315.73 TWD 61
Multiples
P/E Multiple 198.97 TWD 265.29 TWD 331.61 TWD 63
P/S Multiple 64.93 TWD 86.57 TWD 108.22 TWD 58
P/B Multiple 169.12 TWD 225.50 TWD 281.87 TWD 55
EV/EBIT 158.96 TWD 184.88 TWD 210.80 TWD 53
EV/EBITDA 166.49 TWD 194.93 TWD 223.36 TWD 54
EV/Revenue 133.61 TWD 156.08 TWD 178.54 TWD 43
Asset-Based
NCAV (Graham) 132.55 TWD 177.62 TWD 265.11 TWD 50
Growth DCF
Growth DCF 227.73 TWD 276.03 TWD 363.93 TWD 80
Rev-Margin DCF 164.46 TWD 191.51 TWD 227.66 TWD 74
Economic Profit
Residual Income 205.49 TWD 210.35 TWD 204.21 TWD 76
ROIC Compounder 108.62 TWD 113.19 TWD 117.19 TWD 72
Growth Earnings
Growth-Adj P/E 140.76 TWD 201.09 TWD 261.42 TWD 68

Widest divergence: DCF Models (225.96 TWD) versus Earnings-Based (113.19 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 18.1B TWD
Revenue growth (YoY) -13.2%
Net margin 31.7%
Return on equity 3.8%
Free cash flow 7.5B TWD FY2025
P/E ratio 16.5
More key figures
Operating margin 6.5%
EPS (TTM) 11.30 TWD
Dividend yield 5.3%
EPS growth (YoY) -40.7%
Net debt 18.9B TWD FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 64 · Market factors (momentum, volatility) 43

Profitability 34
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 23
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

Catcher Technology Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of aluminum and magnesium extrusions, alloy housings, and molds in Taiwan, China, the United States, Singapore, and internationally.

Full company description

Catcher Technology Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of aluminum and magnesium extrusions, alloy housings, and molds in Taiwan, China, the United States, Singapore, and internationally. Its products include chassis and interior mechanical components; upper case, lower case, keyboard cover, and monitor casings for notebook computers; casings for various server specifications and desktop computers; industrial computer casings and internal parts; and computer accessories, such as plugs and A/V connector casings. The company also produces customized thin and precision-oriented communication application products, including phones and tablet PC products, as well as communication accessories, such as earphones and camera heads. In addition, it manufactures and sells medical devices, which include precision machinery, value added injection molded parts and assemblies, and device assembly services. Further, the company provides ventilation blades, air-power tools, automobiles, TVs, and lightning equipment; manufactures, develops, and sells, various metal products; and engages in international trading, leasing, and investing activities. Catcher Technology Co., Ltd. was founded in 1971 and is headquartered in Tainan City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Catcher Technology Co reported revenue of 18.7B TWD in FY2025 versus 41.1B TWD in FY2021, a compound −17.9%/yr. Reported net income was 7.1B TWD in FY2025, compounding −4.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
18.7B TWD
Latest YoY
+3.2%
Avg. growth/yr (3Y)
−12.5%
Avg. growth/yr (5Y)
−25.7%
Avg. growth/yr (24Y)
+12.9%
Revenue −17.9%/yr
FY21 41.1B TWD
FY22 27.8B TWD
FY23 18.1B TWD
FY24 18.1B TWD
FY25 18.7B TWD
Net income −4.5%/yr
FY21 8.6B TWD
FY22 10.9B TWD
FY23 9.2B TWD
FY24 13.2B TWD
FY25 7.1B TWD

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Cite: Fair Value Calculator (2026). "Catcher Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/2474

Peer Group

Metal Fabrication · 243 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 65 · Top 25%
Fair Value upside +58% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 32% · Top 25%
Operating margin (TTM) 6% · Above median
Revenue growth -13% · Bottom 25%
Dividend yield (TTM) 5.3% · Top 25%

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 16.5× · Cheaper than median
P/B 0.70× · Cheaper than median
P/S (TTM) 5.56× · Pricier than 75% of peers
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 14.0× · Pricier than median
PEG 4.82× · 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.

VALUE 100 · sector 0
FUTURE 0 · sector 35
PAST 15 · sector 21
HEALTH 100 · sector 95
DIVIDEND 100 · sector 25

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

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Frequently asked questions

Is Catcher Technology Co (2474) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 296.50 TWD versus a price of 187.50 TWD, about +58% (undervalued).
What is the fair value of 2474?
Our model-based fair value for Catcher Technology Co is 296.50 TWD (as of Jul 19, 2026), built from audited fundamentals. The current price is 187.50 TWD.
What is the quality score of 2474?
Catcher Technology Co has a Quality Score of 65/100. 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 Catcher Technology Co (2474)?
Catcher Technology Co reported trailing-twelve-month revenue of about 18.1B TWD (latest available figure, as of Jul 19, 2026).
What is the net profit margin of 2474?
The net profit margin of Catcher Technology Co is about 31.7%, meaning it keeps roughly 31.7% of revenue as net income. Based on the latest reported figures.
Does Catcher Technology Co pay a dividend?
Catcher Technology Co currently shows a dividend yield of about 4.13% relative to its recent price (as of Jul 19, 2026).

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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