Excel Cell Electronic Co Ltd (2483) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Excel Cell Electronic Co Ltd stock TWD 9.55, price TWD 32.15, that is 70.3% below the price, quality 50 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 14.39 TWD – 69.90 TWD · fair‑value band 6.69 TWD – 12.42 TWD · the 32.15 TWD price screens above the 9.55 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Excel Cell Electronic Co., Ltd. manufactures and supplies electronic components in Taiwan, Asia, Europe, the United States, and internationally.
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It offers electromechanical components, including pushbutton, selector, emergency stop, key selector, DIP, slide, push, micro, and trigger switches, as well as pilot lamps and accessories; Mos, reed, solid state, and electromechanical relays; reed sensors and sockets; Eurostyle PCB, plug in, screwless, high power, and wire to PCB type terminal blocks; FPC, board to board, USB, machine pin socket, and other connectors; chip inductors and beads; resettable fuses; and stepping motors.
The company also provides stamping products, such as lead frames of semiconductors for discrete devices/integrated circuits and photoelectric products; heat spreaders for IC/BGA; and high precision electronic components.
Its products are used in industrial control and instrument equipment, security systems, consumer electronics and household appliances, computer peripherals, and network and communication applications, as well as in optoelectronics, power energy, and automotive electronics industries.
The company was incorporated in 1981 and is headquartered in Taichung, Taiwan.
Stock analysis
Excel Cell Electronic Co Ltd (2483) currently trades at 32.15 TWD, while our model-based Fair Value estimate is 9.55 TWD, 70% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 15.62 TWD per share, and 0 of the 10 models we run sit above the 32.15 TWD price.
Bear case: the Dividend Discount group reads lowest at 2.64 TWD, and 10 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6.69 TWD (bear) to 12.42 TWD (bull), the price of 32.15 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Excel Cell Electronic Co Ltd reported revenue of 1.8B TWD in FY2025 versus 2.2B TWD in FY2021, a compound −5.1%/yr. Reported net income was 64.6M TWD in FY2025, compounding −19.4%/yr from FY2021.
Key figures
Market cap 3.5B TWD (≈ $105M) Micro · P/E ratio 128.6 · P/S ratio 1.80 · EPS (TTM) 0.2500 TWD · Dividend yield 0.9% · Net margin 1.4% · Return on equity 1.1% · Return on assets (EBIT) 1.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The share trades about 54% below its 52-week high and 77% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −70%, 2483 screens richer than that median.
Fair Value models
Bear6.69 TWDFair Value 9.55 TWDBull12.42 TWD
Price 32.15 TWD · Downside -70.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−2.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−7.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.2%
Start year 2020 (pandemic). Over 10 years: +1.2% a year
Revenue growth 23 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.3%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−16.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.7%
Dividend (yield on the price)0.9%
Pace: 5 vs 10 years ⓘ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.−15.8% vs −9.6%, slowing
Profit margin 2020 to 2025 ⓘ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.6% → −7%
2025 sits 70% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Excel Cell Electronic Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Electronic Components · 653 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−70.3% · Bottom 25%
Profitability
Return on equity (12 months)1.1% · Bottom 25%
Return on assets1.6% · Below median
Net margin (12 months)1.4% · Below median
Operating margin (12 months)2.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)20.4% · Above median
Dividend yield (12 months)0.9% · Below median
Balance sheet
Debt / equity0.23× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)128.6× · Priciest 25%
P/B1.35× · Cheaper than median
P/S (12 months)1.80× · Cheaper than median
EV/EBITDA29.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 70
PAST (return on equity)4· sector 28
HEALTH (low debt)88· sector 95
DIVIDEND (yield)19· sector 27
VALUE 0: the price sits above our fair-value range.
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.
Cite: Fair Value Calculator (2026). "Excel Cell Electronic Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2483
Frequently asked questions
Is Excel Cell Electronic Co Ltd (2483) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 9.55 TWD versus a price of 32.15 TWD, about 70% lower (overvalued).
What is the fair value of 2483?
Our model-based fair value for Excel Cell Electronic Co Ltd is 9.55 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 32.15 TWD.
What is the quality score of 2483?
Excel Cell Electronic Co Ltd has a Quality Score of 50/100. 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 Excel Cell Electronic Co Ltd (2483)?
Our model-based price target is the fair value of 9.55 TWD (as of Nov 8, 2026) from 11 valuation models. Cautious scenario 6.69 TWD, optimistic scenario 12.42 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Excel Cell Electronic Co Ltd stock forecast for 2026?
Our models put fair value at 9.55 TWD, about 70% lower versus a price of 32.15 TWD (overvalued). Cautious scenario 6.69 TWD, optimistic scenario 12.42 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Excel Cell Electronic Co Ltd (2483)?
Excel Cell Electronic Co Ltd reported trailing-twelve-month revenue of about 1.9B TWD (latest available figure, as of Nov 8, 2026).
Does Excel Cell Electronic Co Ltd pay a dividend?
Excel Cell Electronic Co Ltd currently shows a dividend yield of 0.93% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Excel Cell Electronic Co Ltd (2483) and when is the ex-dividend date?
Excel Cell Electronic Co Ltd pays a dividend of 0.3 TWD per share a year, a dividend yield of 0.9%. The last ex-dividend date was Mar 27, 2026. A dividend has been paid every year since at least 2001. The payout ratio is 120% of earnings. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Excel Cell Electronic Co Ltd (2483)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Excel Cell Electronic Co Ltd it is 9.55 TWD per share (as of Nov 8, 2026), against a price of 32.15 TWD. It is the blended result of 11 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Excel Cell Electronic Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 2483 trades above its calculated fair value: price 32.15 TWD, fair value 9.55 TWD, a gap of about −70% (overvalued). 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 2483?
No. The price is what the market pays today (32.15 TWD); the fair value is what the company's own numbers justify (9.55 TWD). For Excel Cell Electronic Co Ltd the two are 22.60 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Excel Cell Electronic Co Ltd worth?
The market values Excel Cell Electronic Co Ltd at about 3.5B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 32.15 TWD; our models calculate a fair value of 9.55 TWD per share.
What do the bullish and bearish scenarios say about 2483?
Our models span a range for Excel Cell Electronic Co Ltd: cautious scenario 6.69 TWD, base 9.55 TWD, optimistic 12.42 TWD per share (as of Nov 8, 2026, price 32.15 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2483?
Excel Cell Electronic Co Ltd trades at a price-to-earnings ratio of 128.6 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 9.55 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 18.0. Other multiples: P/B 1.4, P/S 1.8, EV/EBITDA 29.2.
How solid is the balance sheet of Excel Cell Electronic Co Ltd (2483)?
Balance-sheet figures for Excel Cell Electronic Co Ltd (as of Nov 8, 2026): return on equity 1.1%, debt of 0.23 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 2483 from its 52-week high?
Excel Cell Electronic Co Ltd trades at 32.15 TWD, about 54% below its 52-week high of 69.90 TWD and 77% above the low of 18.14 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 9.55 TWD is for.
Which stocks are comparable to Excel Cell Electronic Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, 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 Excel Cell Electronic Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 32.15 TWD, calculated fair value 9.55 TWD (−70%), Quality Score 50/100, from 11 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 2483 calculated?
We run Excel Cell Electronic Co Ltd through 11 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 9.55 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Excel Cell Electronic Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Excel Cell Electronic Co Ltd (2483)?
The closing price on Nov 9, 2026 was 32.15 TWD. Our model-based fair value is 9.55 TWD, about 70% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Excel Cell Electronic Co Ltd right now?
The price sits above even our optimistic bull case (12.42 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (6.69 TWD to 12.42 TWD) leaves room in how you read the outcome.
Key figures of Excel Cell Electronic Co Ltd
How large is the market capitalisation of Excel Cell Electronic Co Ltd (2483)?
The market capitalisation of Excel Cell Electronic Co Ltd is 3.5B TWD (≈ $105M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Excel Cell Electronic Co Ltd (2483)?
The price-to-sales ratio of Excel Cell Electronic Co Ltd is 1.80 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Excel Cell Electronic Co Ltd (2483)?
Earnings per share at Excel Cell Electronic Co Ltd are 0.2500 TWD (price ÷ EPS = P/E 128.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Excel Cell Electronic Co Ltd (2483)?
The dividend yield of Excel Cell Electronic Co Ltd is 0.9% (payout 120%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Excel Cell Electronic Co Ltd (2483)?
The net margin of Excel Cell Electronic Co Ltd is 1.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Excel Cell Electronic Co Ltd (2483)?
The return on equity (ROE) of Excel Cell Electronic Co Ltd is 1.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Excel Cell Electronic Co Ltd (2483)?
On an EBIT basis the return on assets of Excel Cell Electronic Co Ltd is 1.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Excel Cell Electronic Co Ltd (2483)?
The operating margin of Excel Cell Electronic Co Ltd is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Excel Cell Electronic Co Ltd (2483)?
Revenue at Excel Cell Electronic Co Ltd is growing +20.4% versus a year earlier (3y avg −7.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Excel Cell Electronic Co Ltd (2483)?
Earnings per share at Excel Cell Electronic Co Ltd are growing −72.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Excel Cell Electronic Co Ltd (2483) generate?
The free cash flow of Excel Cell Electronic Co Ltd is −157M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Excel Cell Electronic Co Ltd (2483) carry?
The net debt of Excel Cell Electronic Co Ltd is 788M TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 8, 2026