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I-Chiun Precision Industry Co (2486) Fair Value & Analysis

Technology · TW · Market cap 49.6B TWD

IC I-Chiun Precision Industry Co 2486 · TW
Price231.00 TWD
Fair Value119.32 TWD
Upside-48.4%
Quality27/100
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Expensive Growth
Thin margins · 1.9% net margin
Moderate debt · negative free cash flow
0.23% dividend yield
Trails peers (2/14)
Narrow moat 26/100
Evidence: Medium Range 89.43 TWD – 149.23 TWD Share as image

Fair value as of: Jul 21, 2026

From 11 valuation models · updated 20 days ago

Share price −4.3% over the past month.

Below-average quality, and screening another 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (149.23 TWD). The favourable scenario is already priced in.
  • Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

307.00 TWD 16.10 TWD Fair Value 119.32 TWD Mar 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 16.10 TWD – 307.00 TWD · fair‑value band 89.43 TWD – 149.23 TWD · the 231.00 TWD price screens above the 119.32 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

I-Chiun Precision Industry Co (2486) currently trades at 231.00 TWD, while our model-based Fair Value estimate is 119.32 TWD, implying the stock looks roughly 48.4% overvalued today. The Quality Score stands at 27/100 (below-average 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: medium).

Over the trailing twelve months, I-Chiun Precision Industry Co generated revenue of 6.3B TWD at a net margin of 1.9%. Revenue grew 19.9% year over year. It earns a return on equity of 2.3%. Net debt stands at 4.1B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 89.43 TWD (bear case) to 149.23 TWD (bull case); at 231.00 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 27% below its 52-week high and 236% 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 -48%, 2486 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
Residual Income 494.40 TWD 466.00 TWD 339.82 TWD 76
Gordon GGM 149.09 TWD 221.70 TWD 298.19 TWD 70
Growth-Adj P/E 77.13 TWD 110.37 TWD 143.28 TWD 68
All 11 models by family
Earnings-Based
Graham-Dodd 47.76 TWD 99.07 TWD 125.21 TWD 54
Dividend Discount
Gordon GGM 149.09 TWD 221.70 TWD 298.19 TWD 70
DDM Multi-Stage 149.09 TWD 212.02 TWD 283.99 TWD 61
Multiples
P/E Multiple 105.20 TWD 140.38 TWD 175.56 TWD 63
P/S Multiple 89.39 TWD 119.40 TWD 149.09 TWD 58
P/B Multiple 89.39 TWD 119.40 TWD 149.09 TWD 55
EV/EBIT 1.29 TWD 53
EV/EBITDA 349.82 TWD 589.27 TWD 828.73 TWD 54
Asset-Based
NCAV (Graham) 359.82 TWD 482.13 TWD 719.33 TWD 50
Economic Profit
Residual Income 494.40 TWD 466.00 TWD 339.82 TWD 76
Growth Earnings
Growth-Adj P/E 77.13 TWD 110.37 TWD 143.28 TWD 68

Widest divergence: Asset-Based (482.13 TWD) versus Earnings-Based (99.07 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 6.3B TWD
Revenue growth (YoY) +19.9%
Net margin 1.9%
Return on equity 2.3%
Free cash flow −1.3B TWD FY2025
P/E ratio 409.6
More key figures
Operating margin 7.0%
EPS (TTM) 0.5200 TWD
Dividend yield 0.2%
EPS growth (YoY) +40.5%
Net debt 4.1B TWD FY2025

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

Quality Score breakdown

Overall quality 27/100

Of which business quality 31 · Market factors (momentum, volatility) 55

Profitability 19
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 5
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 0
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

I-Chiun Precision Industry Co., Ltd. manufactures, processes, and trades machinery and parts, electronic components, electrical components, semiconductor LED lead frames, precision molds, and ceramic circuit boards in Taiwan, China, and internationally.

Full company description

I-Chiun Precision Industry Co., Ltd. manufactures, processes, and trades machinery and parts, electronic components, electrical components, semiconductor LED lead frames, precision molds, and ceramic circuit boards in Taiwan, China, and internationally. The company offers optoelectronic products, including SMD top and side view, photo coupler, IC leadframe, and power module; and industrial computer case products and components, and precision component products. It also provides head spreader products; TV backlight units; ceramic substrate; and IC lead frame products. In addition, the company is involved in general investment and investment property leasing; investment property leasing activities; manufacturing of other metal products; and manufacturing and trading of direct back-lit module components. I-Chiun Precision Industry Co., Ltd. was incorporated in 1977 and is based in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

I-Chiun Precision Industry Co reported revenue of 6.0B TWD in FY2025 versus 6.0B TWD in FY2021, a compound +0.2%/yr. Reported net income was 50.6M TWD in FY2025, compounding −39.4%/yr from FY2021.

Growth Quality 37/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
6.0B TWD
Latest YoY
+10.1%
Avg. growth/yr (3Y)
+5.2%
Avg. growth/yr (5Y)
+7.6%
Avg. growth/yr (22Y)
+7.0%
Revenue +0.2%/yr
FY21 6.0B TWD
FY22 5.2B TWD
FY23 5.1B TWD
FY24 5.5B TWD
FY25 6.0B TWD
Net income −39.4%/yr
FY21 376M TWD
FY22 103M TWD
FY23 201M TWD
FY24 18.8M TWD
FY25 50.6M TWD

2486 screens 48% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "I-Chiun Precision Industry Co Fair Value". https://www.fairvalue-calculator.com/stock/2486

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.

Quality Score 27 · Bottom 25%
Fair Value upside −48% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth 20% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.74× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 409.6× · Pricier than 75% of peers
P/B 9.55× · Pricier than 75% of peers
P/S (TTM) 7.85× · Pricier than 75% of peers
EV/EBITDA 84.6× · Pricier than 75% of peers
PEG 10.13× · 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 100 · sector 32
PAST 9 · sector 24
HEALTH 63 · sector 95
DIVIDEND 5 · sector 25

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.

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 21, 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

Is I-Chiun Precision Industry Co (2486) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 119.32 TWD versus a price of 231.00 TWD, about −48% (overvalued).
What is the fair value of 2486?
Our model-based fair value for I-Chiun Precision Industry Co is 119.32 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 231.00 TWD.
What is the quality score of 2486?
I-Chiun Precision Industry Co has a Quality Score of 27/100. 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 I-Chiun Precision Industry Co (2486)?
I-Chiun Precision Industry Co reported trailing-twelve-month revenue of about 6.3B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 2486?
The net profit margin of I-Chiun Precision Industry Co is about 1.9%, meaning it keeps roughly 1.9% of revenue as net income. Based on the latest reported figures.
Does I-Chiun Precision Industry Co pay a dividend?
I-Chiun Precision Industry Co currently shows a dividend yield of about 0.20% 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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