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Ahoku Electronic Co (3002) Fair Value & Analysis

Industrials · TW · Market cap 1.9B TWD (≈ $59.1M) · ISIN TW0003002002

What is Ahoku Electronic Co really worth?

AE Ahoku Electronic Co 3002 · TW
Price17.15 TWD
Fair Value6.07 TWD
Upside−64.6%
Quality65/100

A solid business, but trading 183% above our fair value of 6.07 TWD.

As of Aug 13, 2026, the fair value of Ahoku Electronic Co is 6.07 TWD per share against a price of 17.15 TWD, so the fair value sits 65% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

generates free cash flow

Risks

!Weak Growth (revenue 5y −3.4 %/yr)
!Thin margins · 4.6% net margin
!Mixed vs. peers (6/13)
!Narrow moat 20/100
!Evidence only low, so the estimate is less certain
!Weak on past: 7 out of 100

For context

·1.92% dividend yield
Evidence: Low Range 4.55 TWD – 7.59 TWD

Fair value as of: Aug 13, 2026

From 16 valuation models · updated 23 days ago

Share price +3.9% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (7.59 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 (65/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

29.25 TWD 10.58 TWD Fair Value 6.07 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 10.58 TWD – 29.25 TWD · fair‑value band 4.55 TWD – 7.59 TWD · the 17.15 TWD price screens above the 6.07 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Ahoku Electronic Co (3002) currently trades at 17.15 TWD, while our model-based Fair Value estimate is 6.07 TWD, implying the stock looks roughly 182.6% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of 10.30 TWD per share, and 0 of the 16 models we run sit above the 17.15 TWD price. Bear case: the Earnings-Based group reads lowest at 3.42 TWD, and 16 of the 16 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Ahoku Electronic Co generated revenue of 734M TWD at a net margin of 4.6%. Revenue grew 29.9% year over year. It earns a return on equity of 1.7%. The balance sheet holds a net cash position of 631M TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 4.55 TWD (bear case) to 7.59 TWD (bull case); at 17.15 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 46% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −65%, 3002 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.0205 TWD per share, which is 0.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence 9.11 TWD 9.87 TWD 11.21 TWD 80
Growth DCF 9.19 TWD 9.91 TWD 11.09 TWD 77
Residual Income 8.53 TWD 8.04 TWD 6.18 TWD 76
All 16 models by family
DCF Models
FCF DCF best evidence 9.11 TWD 9.87 TWD 11.21 TWD 80
Owner Earnings 10.24 TWD 11.32 TWD 13.23 TWD 75
5Y Revenue Exit 9.14 TWD 10.30 TWD 12.02 TWD 71
5Y P/E Exit 10.33 TWD 12.35 TWD 14.80 TWD 69
10Y Revenue Exit 9.04 TWD 9.91 TWD 10.85 TWD 66
10Y P/E Exit 9.77 TWD 11.10 TWD 12.41 TWD 63
Earnings-Based
Graham-Dodd 2.43 TWD 3.42 TWD 3.99 TWD 67
Multiples
P/E Multiple 5.63 TWD 7.50 TWD 9.38 TWD 63
P/S Multiple 4.55 TWD 6.07 TWD 7.59 TWD 58
P/B Multiple 4.55 TWD 6.07 TWD 7.59 TWD 55
EV/Revenue 9.39 TWD 10.65 TWD 11.92 TWD 52
Asset-Based
NCAV (Graham) 6.30 TWD 8.44 TWD 12.60 TWD 51
Growth DCF
Growth DCF 9.19 TWD 9.91 TWD 11.09 TWD 77
Rev-Margin DCF 9.14 TWD 10.37 TWD 11.91 TWD 71
Economic Profit
Residual Income 8.53 TWD 8.04 TWD 6.18 TWD 76
Growth Earnings
Growth-Adj P/E 3.97 TWD 5.68 TWD 7.38 TWD 67

Widest divergence: DCF Models (10.30 TWD) versus Earnings-Based (3.42 TWD). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/E ratio 47.6
P/S ratio 2.51 P/E × margin
EPS (TTM) 0.3600 TWD price ÷ EPS = P/E 47.6
Dividend yield 1.9% payout 91.7%
Net margin 5.3% FY2025
Return on equity 1.7% TTM
More key figures
Profitability
Return on assets (EBIT) −0.8% avg 5y
Operating margin −13.2% TTM
Growth
Revenue (TTM) 734M TWD TTM
Revenue growth (YoY) +29.9% 3y avg −2.7%
EPS growth (YoY) +11.1%
Balance sheet & cash flow
Free cash flow 33.0M TWD FY2025
Net cash 631M TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 66 · Market factors (momentum, volatility) 34

Profitability 23
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 100
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

AHOKU Electronic Company manufactures and markets smart power management devices, touch displays and peripherals of arcade games, and circuit protection components in Taiwan and Mainland China. The company's Smart Power Management Devices segment engages in the design, trading, and import and export of control panels and various connectors.

Full company description

AHOKU Electronic Company manufactures and markets smart power management devices, touch displays and peripherals of arcade games, and circuit protection components in Taiwan and Mainland China. The company's Smart Power Management Devices segment engages in the design, trading, and import and export of control panels and various connectors. Its Circuit Protection Components segment produces and sells passive components, such as gas discharge tubes and varistors. The company's Touch Display and Peripherals of Arcade Games segment engages in the trading and import and export of touch displays and peripherals of arcade games. The company's principal products include smart eco PDUs, universal travel adapters, converters, USB chargers, surge protections, and power strips. It serves industrial, communication, automotive, and consumer markets. The company was incorporated in 1983 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ahoku Electronic Co reported revenue of 690M TWD in FY2025 versus 588M TWD in FY2021, a compound +4.1%/yr. Reported net income was 36.4M TWD in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
690M TWD
Latest YoY
+16.8%
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.
−2.7%
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.
−3.4%
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.
+1.7%
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.
≈ −6.0% (approximate, leans on 2025) · in TWD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−7.9%
Dividend yield1.9%
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 −7.9% vs 10Y −3.8%, 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.4.0% (2020) → −6.4% (2025) · falling
Worst earnings drop138% (2018) (loss year, drop beyond 100%) · in TWD
⚠ Rate leans on 2025: that final year sits 532% above its own trend (e.g. a one-off disposal gain) and could not be adjusted
Revenue +4.1%/yr
FY21 588M TWD
FY22 748M TWD
FY23 600M TWD
FY24 591M TWD
FY25 690M TWD
Net income
FY21 −1.9M TWD
FY22 6.3M TWD
FY23 11.3M TWD
FY24 5.3M TWD
FY25 36.4M TWD

3002 screens 183% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Ahoku Electronic Co Fair Value". https://www.fairvalue-calculator.com/stock/3002.TW

Peer Group

Electrical Equipment & Parts · 544 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 65 · Top 25%
Fair Value upside −65% · Below median
Return on equity (TTM) 2% · Below median
Return on assets −2% · Bottom 25%
Net margin (TTM) 5% · Below median
Operating margin (TTM) −13% · Bottom 25%
Revenue growth 30% · Above median
Dividend yield (TTM) 1.9% · Above median

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

P/E (TTM) 47.6× · Pricier than median
P/B 1.46× · Cheaper than median
P/S (TTM) 2.55× · Pricier than median
P/FCF 1.8× · Cheaper than median
PEG 0.34× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 56
PAST7 · sector 26
HEALTH0 · sector 97
DIVIDEND38 · sector 23

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

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 −40%
ABB Ltd ABBN CHF 80.10 CHF 28.70 −64%
Delta Electronics (Thailand) Public Company TDED 10.40 SGD 1.47 SGD −86%
Vertiv Holdings VRT $257.08 $63.13 −75%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW −45%
Prysmian S.p.A PRY €117.10 €84.15 −28%
Legrand SA LR €139.65 €78.82 −44%
Sungrow Power Supply Co 300274 ¥86.40 ¥123.83 +43%
Hubbell Incorporated HUBB $443.31 $285.77 −36%
Shenzhen Inovance Technology Co 300124 ¥61.07 ¥33.04 −46%

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Frequently asked questions

Is Ahoku Electronic Co (3002) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 6.07 TWD versus a price of 17.15 TWD, about −65% upside (overvalued).
What is the fair value of 3002?
Our model-based fair value for Ahoku Electronic Co is 6.07 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 17.15 TWD.
What is the quality score of 3002?
Ahoku Electronic Co has a Quality Score of 65/100. 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 Ahoku Electronic Co (3002)?
Our model-based price target is the fair value of 6.07 TWD (as of Aug 13, 2026) from 16 valuation models. Cautious scenario 4.55 TWD, optimistic scenario 7.59 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ahoku Electronic Co stock forecast for 2026?
Our models put fair value at 6.07 TWD, about −65% upside versus a price of 17.15 TWD (overvalued). Cautious scenario 4.55 TWD, optimistic scenario 7.59 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ahoku Electronic Co (3002)?
Ahoku Electronic Co reported trailing-twelve-month revenue of about 734M TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 3002?
The net profit margin of Ahoku Electronic Co is about 4.6%, meaning it keeps roughly 4.6% of revenue as net income. Based on the latest reported figures.
Does Ahoku Electronic Co pay a dividend?
Ahoku Electronic Co currently shows a dividend yield of about 1.92% relative to its recent price (as of Aug 13, 2026).
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