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Stark Technology Inc (2480) Fair Value & Analysis

Technology · TW · Market cap 16.5B TWD

ST Stark Technology Inc 2480 · TW
Price156.50 TWD
Fair Value132.39 TWD
Upside-15.4%
Quality67/100
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Mixed Growth
Solidly profitable · 10.2% net margin
Low debt · generates free cash flow
4.98% dividend yield
Ranks above peers (11/14)
Moderate moat 64/100
Evidence: High Range 78.66 TWD – 172.10 TWD Share as image

Fair value as of: Jul 21, 2026

From 25 valuation models · updated 20 days ago

Share price −1.9% over the past month.

A solid business, but screening 15% overvalued on our models.

What matters now

  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (78.66 TWD to 172.10 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

172.45 TWD 47.27 TWD Fair Value 132.39 TWD Feb 2021 Aug 2026

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 47.27 TWD – 172.45 TWD · fair‑value band 78.66 TWD – 172.10 TWD · the 156.50 TWD price screens above the 132.39 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Stark Technology Inc (2480) currently trades at 156.50 TWD, while our model-based Fair Value estimate is 132.39 TWD, implying the stock looks roughly 15.4% overvalued today. The Quality Score stands at 67/100 (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, Stark Technology Inc generated revenue of 8.7B TWD at a net margin of 10.2%. Revenue grew 17.1% year over year. It earns a return on equity of 30.4%. The balance sheet holds a net cash position of 541M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 78.66 TWD (bear case) to 172.10 TWD (bull case); at 156.50 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 15% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -15%, 2480 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 49.83 TWD 66.21 TWD 88.76 TWD 80
Residual Income 47.86 TWD 57.29 TWD 149.36 TWD 76
Rev-Margin DCF 75.56 TWD 117.41 TWD 162.43 TWD 74
All 25 models by family
DCF Models
FCF DCF 48.79 TWD 66.57 TWD 92.23 TWD 38
Owner Earnings 89.99 TWD 126.86 TWD 180.08 TWD 31
5Y Revenue Exit 75.56 TWD 117.61 TWD 170.35 TWD 39
5Y EBITDA Exit 77.62 TWD 121.31 TWD 170.79 TWD 41
5Y P/E Exit 91.67 TWD 146.52 TWD 202.00 TWD 38
10Y Revenue Exit 62.75 TWD 98.51 TWD 144.41 TWD 36
10Y EBITDA Exit 66.52 TWD 101.03 TWD 144.73 TWD 37
10Y P/E Exit 75.33 TWD 118.15 TWD 167.67 TWD 35
Earnings-Based
Graham-Dodd 54.43 TWD 135.08 TWD 175.10 TWD 54
PEG = 1.0 24.54 TWD 35.06 TWD 45.57 TWD 46
EPV 81.02 TWD 92.78 TWD 103.08 TWD 59
Dividend Discount
Gordon GGM 68.15 TWD 126.59 TWD 206.11 TWD 70
DDM Multi-Stage 68.15 TWD 102.90 TWD 140.69 TWD 61
Multiples
P/E Multiple 120.06 TWD 160.08 TWD 200.10 TWD 63
P/S Multiple 102.05 TWD 136.07 TWD 170.08 TWD 58
P/B Multiple 74.47 TWD 99.29 TWD 124.12 TWD 55
EV/EBIT 136.95 TWD 179.12 TWD 221.29 TWD 53
EV/EBITDA 105.47 TWD 137.16 TWD 168.84 TWD 54
EV/Revenue 95.71 TWD 132.26 TWD 168.81 TWD 43
Asset-Based
NCAV (Graham) 16.55 TWD 22.18 TWD 33.10 TWD 50
Growth DCF
Growth DCF 49.83 TWD 66.21 TWD 88.76 TWD 80
Rev-Margin DCF 75.56 TWD 117.41 TWD 162.43 TWD 74
Economic Profit
Residual Income 47.86 TWD 57.29 TWD 149.36 TWD 76
ROIC Compounder 83.97 TWD 99.98 TWD 116.71 TWD 72
Growth Earnings
Growth-Adj P/E 92.67 TWD 132.39 TWD 172.10 TWD 68

Widest divergence: Multiples (136.07 TWD) versus Asset-Based (22.18 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 8.7B TWD
Revenue growth (YoY) +17.1%
Net margin 10.2%
Return on equity 30.4%
Free cash flow 379M TWD FY2025
P/E ratio 19.4
More key figures
Operating margin 12.4%
EPS (TTM) 7.97 TWD
Dividend yield 5.0%
EPS growth (YoY) +17.5%
Net cash 541M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 63 · Market factors (momentum, volatility) 62

Profitability 64
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 85
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

Stark Technology Inc. engages in the distribution and maintenance of computers and peripherals in Taiwan, Mainland China, and internationally. The company offers information security and email lifecycle management (ELM) products; Check Point 3D Security, a protection against various types of threats; storage systems and software; and security appliances.

Full company description

Stark Technology Inc. engages in the distribution and maintenance of computers and peripherals in Taiwan, Mainland China, and internationally. The company offers information security and email lifecycle management (ELM) products; Check Point 3D Security, a protection against various types of threats; storage systems and software; and security appliances. It also provides virtualization, mobility management, networking and cloud services; unified data center, unified computing, unified fabric, and unified management solutions; Hitachi Data System that provides information technologies, services, and solutions; consulting, application development and management, infrastructure, hosting, and outsourcing; and documentation and paid professional service. In addition, the company manufactures and sells computer hardware and software. Further, it is involved in the research, design, development, and sale of computer software/hardware, and computer system design; and import/export trade activities. The company provides its products and services through Cellopoint, Checkpoint, Citrix, Cisco, HP ESP, Hitachi Data System, IBM, Lenovo, Liferay, OminBud, NetApp, Palo Alto Networks, Veritas, and VMware brands. Stark Technology Inc. was incorporated in 1993 and is based in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Stark Technology Inc reported revenue of 8.4B TWD in FY2025 versus 6.6B TWD in FY2021, a compound +6.3%/yr. Reported net income was 851M TWD in FY2025, compounding +7.5%/yr from FY2021.

Growth Quality 74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
8.4B TWD
Latest YoY
+11.4%
Avg. growth/yr (3Y)
+7.6%
Avg. growth/yr (5Y)
+8.7%
Avg. growth/yr (23Y)
+0.7%
Revenue +6.3%/yr
FY21 6.6B TWD
FY22 6.7B TWD
FY23 7.3B TWD
FY24 7.5B TWD
FY25 8.4B TWD
Net income +7.5%/yr
FY21 638M TWD
FY22 735M TWD
FY23 783M TWD
FY24 798M TWD
FY25 851M TWD

2480 screens 15% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Stark Technology Inc Fair Value". https://www.fairvalue-calculator.com/stock/2480

Peer Group

Computer Hardware · 215 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 67 · Top 25%
Fair Value upside −15% · Above median
Return on equity (TTM) 30% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 12% · Top 25%
Revenue growth 17% · Above median
Dividend yield (TTM) 5.0% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 19.4× · Cheaper than median
P/B 4.68× · Pricier than 75% of peers
P/S (TTM) 1.89× · Pricier than median
P/FCF 1.4× · Cheaper than median
EV/EBITDA 14.6× · Pricier than median

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 13 · sector 0
FUTURE 86 · sector 57
PAST 100 · sector 26
HEALTH 100 · sector 97
DIVIDEND 100 · sector 44

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.

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is Stark Technology Inc (2480) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 132.39 TWD versus a price of 156.50 TWD, about −15% (overvalued).
What is the fair value of 2480?
Our model-based fair value for Stark Technology Inc is 132.39 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 156.50 TWD.
What is the quality score of 2480?
Stark Technology Inc has a Quality Score of 67/100. 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 Stark Technology Inc (2480)?
Stark Technology Inc reported trailing-twelve-month revenue of about 8.7B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 2480?
The net profit margin of Stark Technology Inc is about 10.2%, meaning it keeps roughly 10.2% of revenue as net income. Based on the latest reported figures.
Does Stark Technology Inc pay a dividend?
Stark Technology Inc currently shows a dividend yield of about 4.98% relative to its recent price (as of Jul 21, 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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