Excel Cell Electronic Co Ltd (2483) fair value: what the stock is really worth
We calculate from audited financials what Excel Cell Electronic Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Below-average quality, and trading another 216% above our fair value of 10.22 TWD.
As of Aug 25, 2026, the fair value of Excel Cell Electronic Co Ltd is 10.22 TWD per share against a price of 32.30 TWD, so the fair value sits 68% below the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y −0.2 %/yr)
!Thin margins · 5.4% net margin
!Low debt · negative free cash flow
·0.93% dividend yield
!Trails peers (3/13)
!Narrow moat 28/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 16 out of 100
!Weak on dividend: 19 out of 100
Evidence: MediumRange 7.66 TWD to 12.77 TWD
Fair value as of: Aug 25, 2026
From 9 valuation models · updated 16 days ago
Share price −9.9% over the past month.
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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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 25, 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 32.30 TWD price screens above the 10.22 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 25, 2026.
Excel Cell Electronic Co Ltd (2483) currently trades at 32.30 TWD, while our model-based Fair Value estimate is 10.22 TWD, implying the stock looks roughly 216.1% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials sector. Bull case: the Economic Profit group reads highest at a median of 15.93 TWD per share, and 0 of the 9 models we run sit above the 32.30 TWD price. Bear case: the Earnings-Based group reads lowest at 6.31 TWD, and 9 of the 9 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Excel Cell Electronic Co Ltd 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 Aug 25, 2026
Scenario range: 7.66 TWD (bear) to 12.77 TWD (bull), the price of 32.30 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 15% below its 52-week high and 95% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −68%, 2483 screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (0.2079 TWD per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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 Income16.71 TWD15.93 TWD12.75 TWD76
Owner Earnings5.14 TWD7.42 TWD11.82 TWD75
Graham-Dodd4.09 TWD6.31 TWD7.55 TWD67
All 9 models by family
DCF Models
Owner Earnings5.14 TWD7.42 TWD11.82 TWD75
Earnings-Based
Graham-Dodd4.09 TWD6.31 TWD7.55 TWD67
Multiples
P/E Multiple9.47 TWD12.62 TWD15.78 TWD63
P/S Multiple7.66 TWD10.22 TWD12.77 TWD58
P/B Multiple7.66 TWD10.22 TWD12.77 TWD55
EV/EBITDA3.12 TWD4.74 TWD6.36 TWD66
Asset-Based
NCAV (Graham)11.88 TWD15.93 TWD23.77 TWD54
Economic Profit
Residual Income16.71 TWD15.93 TWD12.75 TWD76
Growth Earnings
Growth-Adj P/E6.69 TWD9.55 TWD12.42 TWD67
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
P/E ratio53.8
P/S ratio1.97P/E × margin
EPS (TTM)0.6000 TWDprice ÷ EPS = P/E 53.8
Dividend yield0.9%payout 50.0%
Net margin3.7%FY2025
Return on equity3.9%TTM
More key figures
Profitability
Return on assets (EBIT)1.2%avg 5y
Operating margin−0.3%TTM
Growth
Revenue (TTM)1.8B TWDTTM
Revenue growth (YoY)+14.1%3y avg −7.5%
EPS growth (YoY)+342%
Balance sheet & cash flow
Free cash flow−157M TWDFY2025
Net debt788M TWDFY2025
Figures from reported company fundamentals · as of Aug 25, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality49/100
Of which business quality 47
· Market factors (momentum, volatility) 68
Profitability21
Margins and returns on capital today
Quality Growth45
Are margins and returns improving?
Cashflow7
Earnings quality: real cash, not paper profit
Fin. Strength69
Balance sheet, leverage, solvency risk
Investment87
Disciplined investing over empire-building
Low Volatility55
Calm price path (market factor)
Momentum79
Price trend over the last 3–12 months (market factor)
52W Momentum64
Distance to the 52-week high (market factor)
Net Issuance81
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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 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.
Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.8B TWD
Latest YoY
−2.5%
Avg. revenue 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. revenue 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. revenue 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%
Value creation/yr (5Y, in TWD) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
≈ −14.9%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−15.8%
Dividend yield0.9%
Trend ⓘ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.5Y −15.8% vs 10Y −9.6%, flattening
Operating margin (EBIT) ⓘ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.5.7% (2020) → −6.6% (2025) · falling
Worst earnings drop114% (2012) (loss year, drop beyond 100%) · in TWD
⚠ Final year 2025 sits 70% above trend (one-off), rate approximate
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.
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.
This stockSector peers
VALUE0· sector 0
FUTURE71· sector 56
PAST16· sector 26
HEALTH88· sector 97
DIVIDEND19· sector 22
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
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Is Excel Cell Electronic Co Ltd (2483) overvalued or undervalued?
As of Aug 25, 2026, our model estimates a fair value of 10.22 TWD versus a price of 32.30 TWD, about −68% upside (overvalued).
What is the fair value of 2483?
Our model-based fair value for Excel Cell Electronic Co Ltd is 10.22 TWD (as of Aug 25, 2026), built from audited fundamentals. The current price: 32.30 TWD.
What is the quality score of 2483?
Excel Cell Electronic Co Ltd 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 price target for Excel Cell Electronic Co Ltd (2483)?
Our model-based price target is the fair value of 10.22 TWD (as of Aug 25, 2026) from 9 valuation models. Cautious scenario 7.66 TWD, optimistic scenario 12.77 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 10.22 TWD, about −68% upside versus a price of 32.30 TWD (overvalued). Cautious scenario 7.66 TWD, optimistic scenario 12.77 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 1.8B TWD (latest available figure, as of Aug 25, 2026).
What is the net profit margin of 2483?
The net profit margin of Excel Cell Electronic Co Ltd 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 Ltd pay a dividend?
Excel Cell Electronic Co Ltd currently shows a dividend yield of about 0.93% relative to its recent price (as of Aug 25, 2026).
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 10.22 TWD per share (as of Aug 25, 2026), against a price of 32.30 TWD. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Excel Cell Electronic Co Ltd stock overvalued or undervalued in 2026?
As of Aug 25, 2026, 2483 trades above its calculated fair value: price 32.30 TWD, fair value 10.22 TWD, a gap of about −68% (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 (32.30 TWD); the fair value is what the company's own numbers justify (10.22 TWD). For Excel Cell Electronic Co Ltd the two are 22.08 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 4.4B TWD (market capitalisation, as of Aug 25, 2026). Per share that is 32.30 TWD; our models calculate a fair value of 10.22 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 7.66 TWD, base 10.22 TWD, optimistic 12.77 TWD per share (as of Aug 25, 2026, price 32.30 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 53.8 (as of Aug 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 10.22 TWD is built from several models across several years. Other multiples: P/B 1.7, P/S 2.4, EV/EBITDA 56.8.
How solid is the balance sheet of Excel Cell Electronic Co Ltd (2483)?
Balance-sheet figures for Excel Cell Electronic Co Ltd (as of Aug 25, 2026): return on equity 3.9%, debt of 0.23 per unit of equity. They feed the Quality Score of 49/100, 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 32.30 TWD, about 15% below its 52-week high of 38.10 TWD and 95% above the low of 16.56 TWD (as of Aug 25, 2026). Distance from the high says nothing about value: that is what the fair value of 10.22 TWD is for.
Which stocks are comparable to Excel Cell Electronic Co Ltd?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Aug 25, 2026: price 32.30 TWD, calculated fair value 10.22 TWD (−68%), Quality Score 49/100, from 9 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 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 10.22 TWD, with the spread shown as a cautious and an optimistic scenario.
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