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Excel Cell Electronic Co (2483) Fair Value & Analysis

Industrials · TW · Market cap 4.4B TWD

EC Excel Cell Electronic Co 2483 · TW
Price35.85 TWD
Fair Value10.22 TWD
Upside-71.5%
Quality49/100
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Weak Growth
Thin margins · 5.4% net margin
Low debt · negative free cash flow
0.71% dividend yield
Trails peers (3/13)
Narrow moat 28/100
Evidence: Medium Range 7.66 TWD – 12.77 TWD Share as image

Fair value as of: Jul 23, 2026

From 9 valuation models · updated 18 days ago

Share price −47.3% over the past month.

Below-average quality, and screening another 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (12.77 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

69.90 TWD 14.39 TWD Fair Value 10.22 TWD Mar 2021 Aug 2026

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 14.39 TWD – 69.90 TWD · fair‑value band 7.66 TWD – 12.77 TWD · the 35.85 TWD price screens above the 10.22 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

Excel Cell Electronic Co (2483) currently trades at 35.85 TWD, while our model-based Fair Value estimate is 10.22 TWD, implying the stock looks roughly 71.5% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials 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: medium).

Over the trailing twelve months, Excel Cell Electronic Co generated revenue of 1.8B TWD at a net margin of 5.4%. Revenue grew 14.1% year over year. It earns a return on equity of 3.9%. Net debt stands at 788M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 7.66 TWD (bear case) to 12.77 TWD (bull case); at 35.85 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 6% below its 52-week high and 116% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -71%, 2483 screens richer 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 16.71 TWD 15.93 TWD 12.75 TWD 76
Growth-Adj P/E 6.69 TWD 9.55 TWD 12.42 TWD 68
P/E Multiple 9.47 TWD 12.62 TWD 15.78 TWD 63
All 9 models by family
DCF Models
Owner Earnings 5.14 TWD 7.42 TWD 11.82 TWD 31
Earnings-Based
Graham-Dodd 4.09 TWD 6.31 TWD 7.55 TWD 54
Multiples
P/E Multiple 9.47 TWD 12.62 TWD 15.78 TWD 63
P/S Multiple 7.66 TWD 10.22 TWD 12.77 TWD 58
P/B Multiple 7.66 TWD 10.22 TWD 12.77 TWD 55
EV/EBITDA 3.12 TWD 4.74 TWD 6.36 TWD 54
Asset-Based
NCAV (Graham) 11.88 TWD 15.93 TWD 23.77 TWD 50
Economic Profit
Residual Income 16.71 TWD 15.93 TWD 12.75 TWD 76
Growth Earnings
Growth-Adj P/E 6.69 TWD 9.55 TWD 12.42 TWD 68

Widest divergence: Asset-Based (15.93 TWD) versus Earnings-Based (6.31 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.8B TWD
Revenue growth (YoY) +14.1%
Net margin 5.4%
Return on equity 3.9%
Free cash flow −157M TWD FY2025
P/E ratio 68.4
More key figures
Operating margin -0.3%
EPS (TTM) 0.6000 TWD
Dividend yield 0.7%
EPS growth (YoY) +342%
Net debt 788M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 47 · Market factors (momentum, volatility) 78

Profitability 21
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 81
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

Excel Cell Electronic Co., Ltd. manufactures and supplies electronic components in Taiwan, Asia, Europe, the United States, and internationally.

Full company description

Excel Cell Electronic Co., Ltd. manufactures and supplies electronic components in Taiwan, Asia, Europe, the United States, and internationally. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Excel Cell Electronic Co 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.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.8B TWD
Latest YoY
−2.5%
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.
−7.5%
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.
−0.2%
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.
+5.3%
Revenue −5.1%/yr
FY21 2.2B TWD
FY22 2.2B TWD
FY23 1.8B TWD
FY24 1.8B TWD
FY25 1.8B TWD
Net income −19.4%/yr
FY21 153M TWD
FY22 168M TWD
FY23 35.3M TWD
FY24 37.9M TWD
FY25 64.6M TWD

2483 screens 71% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Excel Cell Electronic Co Fair Value". https://www.fairvalue-calculator.com/stock/2483

Peer Group

Electrical Equipment & Parts · 526 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 49 · Below median
Fair Value upside −72% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) -0% · Bottom 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 0.7% · Below median
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 68.4× · Pricier than 75% of peers
P/B 1.73× · Cheaper than median
P/S (TTM) 2.42× · Pricier than median
EV/EBITDA 56.8× · 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 0 · sector 0
FUTURE 71 · sector 57
PAST 16 · sector 26
HEALTH 88 · sector 97
DIVIDEND 14 · sector 18

VALUE 0: the price sits above our fair-value range.

Insider activity: 51/100

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.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Excel Cell Electronic Co (2483) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 10.22 TWD versus a price of 35.85 TWD, about −71% (overvalued).
What is the fair value of 2483?
Our model-based fair value for Excel Cell Electronic Co is 10.22 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 35.85 TWD.
What is the quality score of 2483?
Excel Cell Electronic Co has a Quality Score of 49/100. 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 Excel Cell Electronic Co (2483)?
Excel Cell Electronic Co reported trailing-twelve-month revenue of about 1.8B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 2483?
The net profit margin of Excel Cell Electronic Co is about 5.4%, meaning it keeps roughly 5.4% of revenue as net income. Based on the latest reported figures.
Does Excel Cell Electronic Co pay a dividend?
Excel Cell Electronic Co currently shows a dividend yield of about 0.87% relative to its recent price (as of Jul 23, 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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