Walsin Technology Corp (2492) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Walsin Technology Corp stock TWD 204, price TWD 284, that is 28.1% below the price, quality 58 out of 100. Rating: overvalued. Calculated from audited financials with 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 66.50 TWD – 617.00 TWD · fair‑value band 137.44 TWD – 287.92 TWD · the 284.00 TWD price screens above the 204.18 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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Walsin Technology Corporation, together with its subsidiaries, develops, manufactures, and sells passive electronic components in Asia, America, and Europe. It provides chip capacitors, chip resistors, ceramic dielectric powders, and magnetic elements.
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It also researches, develops, manufactures, and sells integrated electrical protection components, hybrid microwave antenna modules, electric capacitors, thick film printed circuit boards, laminated dielectric filters, EMI filters, and multilayer type microwave communication components and modules; generates solar power electricity; sells photoelectric and sensor devices, and radio frequency devices; and trades in electronic parts.
In addition, it offers transformers, coils and magnetic components, computers and peripheral output devices, keypads products, mechanical integrated components, and communication products and components, as well as provides antenna wholesale and after-sales services.
Further, it provides marketing, warehousing, and commission agency services. The company's products are used in mobile devices, networking, automotive, industrial, power supply, IoT, green energy, PC and peripheral, and lighting applications.
Walsin Technology Corporation was incorporated in 1970 and is based in Taoyuan City, Taiwan.
Stock analysis
Walsin Technology Corp (2492) currently trades at 284.00 TWD, while our model-based Fair Value estimate is 204.18 TWD, 28% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 108.73 TWD per share, and 1 of the 26 models we run sit above the 284.00 TWD price.
Bear case: the Economic Profit group reads lowest at 35.63 TWD, and 25 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 137.44 TWD (bear) to 287.92 TWD (bull), the price of 284.00 TWD sits inside 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 58/100 (solid quality), in the Technology sector.
Mixed Growth: Spin-off in 2011: revenue and profit before it include the divested business. Growth is measured afresh from 2011.
Walsin Technology Corp reported revenue of 36.5B TWD in FY2025 versus 42.1B TWD in FY2021, a compound −3.5%/yr. Reported net income was 2.3B TWD in FY2025, compounding −26.6%/yr from FY2021.
Key figures
Market cap 158B TWD (≈ $4.8B) Mid · P/E ratio 31.9 · P/S ratio 5.28 · EPS (TTM) 8.90 TWD · Dividend yield 0.9% · Net margin 11.1% · Return on equity 8.0% · Return on assets (EBIT) 4.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 151% 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 −28%, 2492 screens richer than that median.
Fair Value models
Bear137.44 TWDFair Value 204.18 TWDBull287.92 TWD
Price 284.00 TWD · Downside -28.1%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (5.49 TWD per share) are deliberately not added.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.55/100
Spin-off in 2011: revenue and profit before it include the divested business. Growth is measured afresh from 2011.
Revenue growth 1 year
+4.9%
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.
+1.1%
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.
+0.5%
Start year 2020 (pandemic). Over 10 years: +8.6% a year
Revenue growth 14 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.
+2.7%
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What shareholders gained per year (last 5 years), in TWD ⓘ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. 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.
−22.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−23.3%
Dividend (yield on the price)0.9%
Per share before 2011divided by the spin-off factor 1.0387
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.−23.3% vs 6.2%, 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.25% → 6%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+24.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +22.7% a year for the price.
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 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−28.1% · Above median
Profitability
Return on equity (12 months)8.0% · Above median
Return on assets2.9% · Below median
Net margin (12 months)14.5% · Top 25%
Operating margin (12 months)10.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)18.4% · Above median
Dividend yield (12 months)0.9% · Below median
Balance sheet
Debt / equity0.34× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)31.9× · Pricier than median
P/B3.03× · Pricier than median
P/S (12 months)5.28× · Priciest 25%
Price / free cash flow (fiscal year)34.8× · Pricier than median
EV/EBITDA33.9× · Priciest 25%
PEG5.28× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)92· sector 70
PAST (return on equity)32· sector 28
HEALTH (low debt)83· sector 95
DIVIDEND (yield)18· 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.
Is Walsin Technology Corp (2492) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 204.18 TWD versus a price of 284.00 TWD, about 28% lower (overvalued).
What is the fair value of 2492?
Our model-based fair value for Walsin Technology Corp is 204.18 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 284.00 TWD.
What is the quality score of 2492?
Walsin Technology Corp has a Quality Score of 58/100. 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 Walsin Technology Corp (2492)?
Our model-based price target is the fair value of 204.18 TWD (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 137.44 TWD, optimistic scenario 287.92 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Walsin Technology Corp stock forecast for 2026?
Our models put fair value at 204.18 TWD, about 28% lower versus a price of 284.00 TWD (overvalued). Cautious scenario 137.44 TWD, optimistic scenario 287.92 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Walsin Technology Corp (2492)?
Walsin Technology Corp reported trailing-twelve-month revenue of about 39.0B TWD (latest available figure, as of Nov 8, 2026).
Does Walsin Technology Corp pay a dividend?
Walsin Technology Corp currently shows a dividend yield of 0.88% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Walsin Technology Corp (2492) and when is the ex-dividend date?
Walsin Technology Corp pays a dividend of 2.50 TWD per share a year, a dividend yield of 0.9%. The last ex-dividend date was Jul 9, 2026. The payout ratio is 28.1% of earnings. Free cash flow covers the dividend 4.88 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Walsin Technology Corp (2492)?
For today's price to be fair in a discounted-cash-flow model, Walsin Technology Corp would have to grow free cash flow by +24.6 % per year for five years (discount rate 12.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.5 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 2492 use?
Our models discount Walsin Technology Corp at 12.8 %: a base by market capitalisation (mid), damped by beta 2.17, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Walsin Technology Corp that is +24.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.8 %) and the same formula as our fair value.
How much growth has Walsin Technology Corp (2492) delivered so far?
Over the past 5 years revenue at Walsin Technology Corp grew +0.5 % a year. The price currently implies free-cash-flow growth of +24.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Walsin Technology Corp (2492) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Walsin Technology Corp (+24.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Walsin Technology Corp (2492)?
The free-cash-flow yield on the price is 3.75 %: that much free cash flow Walsin Technology Corp produces per unit of market value. When it exceeds the discount rate of our models (12.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Walsin Technology Corp (2492)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Walsin Technology Corp it is 204.18 TWD per share (as of Nov 8, 2026), against a price of 284.00 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Walsin Technology Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 2492 trades above its calculated fair value: price 284.00 TWD, fair value 204.18 TWD, a gap of about −28% (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 2492?
No. The price is what the market pays today (284.00 TWD); the fair value is what the company's own numbers justify (204.18 TWD). For Walsin Technology Corp the two are 79.82 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Walsin Technology Corp worth?
The market values Walsin Technology Corp at about 158B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 284.00 TWD; our models calculate a fair value of 204.18 TWD per share.
What do the bullish and bearish scenarios say about 2492?
Our models span a range for Walsin Technology Corp: cautious scenario 137.44 TWD, base 204.18 TWD, optimistic 287.92 TWD per share (as of Nov 8, 2026, price 284.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2492?
Walsin Technology Corp trades at a price-to-earnings ratio of 31.9 (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 204.18 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 17.5. Other multiples: PEG 5.3, P/B 3.0, P/S 5.3, EV/EBITDA 33.9.
What is the PEG ratio of 2492?
The PEG ratio of Walsin Technology Corp is 5.28 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Walsin Technology Corp (2492)?
Balance-sheet figures for Walsin Technology Corp (as of Nov 8, 2026): return on equity 8.0%, debt of 0.34 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 2492 from its 52-week high?
Walsin Technology Corp trades at 284.00 TWD, about 54% below its 52-week high of 617.00 TWD and 151% above the low of 113.00 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 204.18 TWD is for.
Which stocks are comparable to Walsin Technology Corp?
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 Walsin Technology Corp stock attractive at the current price?
The data as of Nov 8, 2026: price 284.00 TWD, calculated fair value 204.18 TWD (−28%), Quality Score 58/100, from 26 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 2492 calculated?
We run Walsin Technology Corp through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 204.18 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. Walsin Technology Corp 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 Walsin Technology Corp (2492)?
The closing price on Nov 9, 2026 was 284.00 TWD. Our model-based fair value is 204.18 TWD, about 28% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Walsin Technology Corp right now?
Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (137.44 TWD to 287.92 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Walsin Technology Corp (2492) come from?
Earnings per share at Walsin Technology Corp grew +7.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.5 %, EBIT margin −3.0 %, tax rate −1.9 %, residual (interest, one-offs) +3.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Walsin Technology Corp
How large is the market capitalisation of Walsin Technology Corp (2492)?
The market capitalisation of Walsin Technology Corp is 158B TWD (≈ $4.8B). 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 Walsin Technology Corp (2492)?
The price-to-sales ratio of Walsin Technology Corp is 5.28 (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 Walsin Technology Corp (2492)?
Earnings per share at Walsin Technology Corp are 8.90 TWD (price ÷ EPS = P/E 31.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Walsin Technology Corp (2492)?
The dividend yield of Walsin Technology Corp is 0.9% (payout 28.1%). 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 Walsin Technology Corp (2492)?
The net margin of Walsin Technology Corp is 11.1% (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 Walsin Technology Corp (2492)?
The return on equity (ROE) of Walsin Technology Corp is 8.0% (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 Walsin Technology Corp (2492)?
On an EBIT basis the return on assets of Walsin Technology Corp is 4.3% (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 Walsin Technology Corp (2492)?
The operating margin of Walsin Technology Corp is 10.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Walsin Technology Corp (2492)?
Revenue at Walsin Technology Corp is growing +18.4% versus a year earlier (3y avg +1.1%). 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 Walsin Technology Corp (2492)?
Earnings per share at Walsin Technology Corp are growing +40.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Walsin Technology Corp (2492) carry?
The net debt of Walsin Technology Corp is 22.3B TWD (fiscal year 2025, ≈ 3.8 yrs of FCF). 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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Broad data
Nov 8, 2026