TA-I Technology Co (2478) Fair Value & Analysis
Technology · TW · Market cap 21.4B TWD
Fair value as of: Jul 23, 2026
From 24 valuation models · updated 18 days ago
Fair value updated Jul 23, 2026, revised from 55.39 TWD to 55.77 TWD (+0.7%) since Jul 7, 2026. Share price −36.3% over the past month.
A solid business, but screening 51% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (81.22 TWD). The favourable scenario is already priced in.
- Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (38.93 TWD to 81.22 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 23, 2026.
How to read this chart
60‑month range 33.25 TWD – 239.33 TWD · fair‑value band 38.93 TWD – 81.22 TWD · the 114.00 TWD price screens above the 55.77 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.
Analysis
TA-I Technology Co (2478) currently trades at 114.00 TWD, while our model-based Fair Value estimate is 55.77 TWD, implying the stock looks roughly 51.1% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, TA-I Technology Co generated revenue of 5.5B TWD at a net margin of 9.5%. Revenue grew 9.6% year over year. It earns a return on equity of 7.3%. The balance sheet holds a net cash position of 437M TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 38.93 TWD (bear case) to 81.22 TWD (bull case); at 114.00 TWD, the current price sits above 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 41% below its 52-week high and 185% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -51%, 2478 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: Multiples (63.20 TWD) versus Earnings-Based (18.47 TWD). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 67
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
TA-I Technology Co., Ltd. manufactures, processes, and trades in chip resistors in Taiwan and internationally. The company provides a range of chip resistors, including current sensing components, thick film, thin film, and anti-surge and anti-sulfurization products; surface mount and assembly; high voltage, array/network, surge, and lead free products; and …
Full company description
TA-I Technology Co., Ltd. manufactures, processes, and trades in chip resistors in Taiwan and internationally. The company provides a range of chip resistors, including current sensing components, thick film, thin film, and anti-surge and anti-sulfurization products; surface mount and assembly; high voltage, array/network, surge, and lead free products; and other electronic parts and components, as well as circuit protection products, such as fuse products. Its products are used in the field of 3C, including motherboards, notebooks, LCD TVs, STBs, scanners, video cards, LAN cards, sound cards, mobile phones, digital cameras, LCDs, etc. The company serves automotive, industrial, alternative energy, computer peripherals, and consumer electronics industries. TA-I Technology Co., Ltd. was founded in 1989 and is based in Taoyuan City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TA-I Technology Co reported revenue of 5.4B TWD in FY2025 versus 6.3B TWD in FY2021, a compound −3.7%/yr. Reported net income was 494M TWD in FY2025, compounding −14.9%/yr from FY2021.
2478 screens 51% overvalued. Compare with Delta Electronics, Inc →
Peer Group
Electronic Components · 626 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 Electronic Components 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.
VALUE 0: the price sits above our fair-value range.
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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Delta Electronics, Inc 2308 | 1,880 TWD | 515.23 TWD | -73% |
| Hon Hai Precision Industry Co 2317 | 242.50 TWD | 270.47 TWD | +12% |
| Luxshare Precision Industry Co 002475 | ¥62.14 | ¥38.44 | -38% |
| Samsung Electro-Mechanics Co 009150 | 1,260,000 KRW | 166,421 KRW | -87% |
| Elite Material Co 2383 | 4,990 TWD | 714.36 TWD | -86% |
| Yageo Corporation 2327 | 699.00 TWD | 216.55 TWD | -69% |
| Shengyi Technology Co 600183 | ¥132.29 | ¥27.45 | -79% |
| Shennan Circuits Co 002916 | ¥364.00 | ¥93.50 | -74% |
| Victory Giant Technology (HuiZhou) Co 2476 | HK$297.00 | HK$103.98 | -65% |
| Wus Printed Circuit (Kunshan) Co 002463 | ¥127.80 | ¥31.95 | -75% |
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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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