Wah Lee Industrial Corp (3010) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Wah Lee Industrial Corp TWD 183, price TWD 126, upside +45.4%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Wah Lee Industrial Corporation engages in the manufacturing of materials, engineering and functional plastics, semiconductor process materials, and printed circuit boards in Taiwan. The company imports and exports various products, such as engineering equipment, optoelectronic products, electronic machine parts, and industrial materials.
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Wah Lee Industrial Corporation engages in the manufacturing of materials, engineering and functional plastics, semiconductor process materials, and printed circuit boards in Taiwan. The company imports and exports various products, such as engineering equipment, optoelectronic products, electronic machine parts, and industrial materials. It also engages in the engineering of plastic raw materials and high performance composite materials; manufacturing of synthetic resins, industrial plastics, mold machinery and equipment, and chemical materials; and solar power generation businesses. The company was founded in 1968 and is headquartered in Kaohsiung, Taiwan.
Stock analysis
Wah Lee Industrial Corp (3010) currently trades at 126.00 TWD, while our model-based Fair Value estimate is 183.23 TWD, implying the stock looks roughly 31.2% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 281.67 TWD per share, and 18 of the 26 models we run sit above the 126.00 TWD price.
Bear case: the Asset-Based group reads lowest at 61.66 TWD, and 8 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 130.38 TWD (bear) to 236.09 TWD (bull), the price of 126.00 TWD sits below 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 47/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Wah Lee Industrial Corp reported revenue of 78.2B TWD in FY2025 versus 70.5B TWD in FY2021, a compound +2.6%/yr. Reported net income was 2.3B TWD in FY2025, compounding −5.2%/yr from FY2021.
Key figures
Market cap 37.1B TWD (≈ $1.2B) · P/E ratio 14.4 · P/S ratio 0.42 · EPS (TTM) 8.73 TWD · Dividend yield 4.2% · Net margin 2.9% · Return on equity 11.1% · Return on assets (EBIT) 6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 11% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at 45%, 3010 screens cheaper than that median.
Fair Value models
Bear 130.38 TWDFair Value 183.23 TWDBull 236.09 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (2.51 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.Evidence ⓘEvidence = 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.60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.3%
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.
+2.1%
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.
+5.8%
Start year 2020 (pandemic). Over 10 years: +6.9% a year
Revenue growth 23 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.
+8.1%
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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.
+4.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.4%
Dividend (yield on the price)4.2%
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.0% vs 6%, 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.5% → 4%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−4.5%
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 −6.0% a year for the price.
Compare Wah Lee Industrial Corp with another stock
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.Electronics & Computer Distribution · 154 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+45% · Top 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets4% · Above median
Net margin (TTM)3% · Above median
Operating margin (TTM)4% · Above median
Growth and dividend
Revenue growth17% · Above median
Dividend yield (TTM)4.2% · Above median
Balance sheet
Debt / equity0.23× · Highest 25%
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "Wah Lee Industrial Corp Fair Value". https://www.fairvalue-calculator.com/stock/3010
Frequently asked questions
Is Wah Lee Industrial Corp (3010) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 183.23 TWD versus a price of 126.00 TWD, about +45% upside (undervalued).
What is the fair value of 3010?
Our model-based fair value for Wah Lee Industrial Corp is 183.23 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 126.00 TWD.
What is the quality score of 3010?
Wah Lee Industrial Corp has a Quality Score of 47/100. 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 Wah Lee Industrial Corp (3010)?
Our model-based price target is the fair value of 183.23 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 130.38 TWD, optimistic scenario 236.09 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Wah Lee Industrial Corp stock forecast for 2026?
Our models put fair value at 183.23 TWD, about +45% upside versus a price of 126.00 TWD (undervalued). Cautious scenario 130.38 TWD, optimistic scenario 236.09 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Wah Lee Industrial Corp (3010)?
Wah Lee Industrial Corp reported trailing-twelve-month revenue of about 81.4B TWD (latest available figure, as of Sep 24, 2026).
Does Wah Lee Industrial Corp pay a dividend?
Wah Lee Industrial Corp currently shows a dividend yield of about 4.21% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Wah Lee Industrial Corp (3010)?
For today's price to be fair in a discounted-cash-flow model, Wah Lee Industrial Corp would have to grow free cash flow by -4.5 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3010 use?
Our models discount Wah Lee Industrial Corp at 10.3 %: a base by market capitalisation (small), damped by beta 0.46, 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 Wah Lee Industrial Corp that is -4.5 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Wah Lee Industrial Corp (3010) delivered so far?
Over the past 5 years revenue at Wah Lee Industrial Corp grew +5.8 % a year. The price currently implies -4.5 % per year free-cash-flow growth a 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 Wah Lee Industrial Corp (3010) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Wah Lee Industrial Corp (-4.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Wah Lee Industrial Corp (3010)?
The free-cash-flow yield on the price is 13.64 %: that much free cash flow Wah Lee Industrial Corp produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wah Lee Industrial Corp (3010)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wah Lee Industrial Corp it is 183.23 TWD per share (as of Sep 24, 2026), against a price of 126.00 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Wah Lee Industrial Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3010 trades below its calculated fair value: price 126.00 TWD, fair value 183.23 TWD, a gap of about +45% (undervalued). 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 3010?
No. The price is what the market pays today (126.00 TWD); the fair value is what the company's own numbers justify (183.23 TWD). For Wah Lee Industrial Corp the two are 57.23 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Wah Lee Industrial Corp worth?
The market values Wah Lee Industrial Corp at about 37.1B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 126.00 TWD; our models calculate a fair value of 183.23 TWD per share.
What do the bullish and bearish scenarios say about 3010?
Our models span a range for Wah Lee Industrial Corp: cautious scenario 130.38 TWD, base 183.23 TWD, optimistic 236.09 TWD per share (as of Sep 24, 2026, price 126.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3010?
Wah Lee Industrial Corp trades at a price-to-earnings ratio of 14.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 183.23 TWD is built from several models across several years. Other multiples: P/B 1.6, P/S 0.5, EV/EBITDA 9.2.
How solid is the balance sheet of Wah Lee Industrial Corp (3010)?
Balance-sheet figures for Wah Lee Industrial Corp (as of Sep 24, 2026): return on equity 11.1%, debt of 0.23 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 3010 from its 52-week high?
Wah Lee Industrial Corp trades at 126.00 TWD, about 11% below its 52-week high of 142.00 TWD and 40% above the low of 90.10 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 183.23 TWD is for.
Which stocks are comparable to Wah Lee Industrial Corp?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Rexel S.A, Arrow 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 Wah Lee Industrial Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 126.00 TWD, calculated fair value 183.23 TWD (+45%), Quality Score 47/100, 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 3010 calculated?
We run Wah Lee Industrial Corp through 26 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 183.23 TWD, 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 14.0 % above its aggregate fair value. Wah Lee Industrial Corp currently trades 45 % below its own fair value, and the market average says nothing about that. 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 Wah Lee Industrial Corp (3010)?
The closing price on Sep 24, 2026 was 126.00 TWD. Our model-based fair value is 183.23 TWD, about +45% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wah Lee Industrial Corp right now?
The price is below even our cautious bear case (130.38 TWD). The market is more pessimistic than our downside scenario. Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (130.38 TWD to 236.09 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Wah Lee Industrial Corp (3010) come from?
Earnings per share at Wah Lee Industrial Corp grew +6.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.5 %, EBIT margin +1.3 %, tax rate +0.1 %, residual (interest, one-offs) −1.1 %. 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 Wah Lee Industrial Corp
How large is the market capitalisation of Wah Lee Industrial Corp (3010)?
The market capitalisation of Wah Lee Industrial Corp is 37.1B TWD (≈ $1.2B). 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 Wah Lee Industrial Corp (3010)?
The price-to-sales ratio of Wah Lee Industrial Corp is 0.42 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Wah Lee Industrial Corp (3010)?
Earnings per share at Wah Lee Industrial Corp are 8.73 TWD (price ÷ EPS = P/E 14.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wah Lee Industrial Corp (3010)?
The dividend yield of Wah Lee Industrial Corp is 4.2% (payout 60.7%). 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 Wah Lee Industrial Corp (3010)?
The net margin of Wah Lee Industrial Corp is 2.9% (fiscal year 2025). 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 Wah Lee Industrial Corp (3010)?
The return on equity (ROE) of Wah Lee Industrial Corp is 11.1% (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 Wah Lee Industrial Corp (3010)?
On an EBIT basis the return on assets of Wah Lee Industrial Corp is 6.6% (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 Wah Lee Industrial Corp (3010)?
The operating margin of Wah Lee Industrial Corp is 3.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wah Lee Industrial Corp (3010)?
Revenue at Wah Lee Industrial Corp is growing +17.4% versus a year earlier (3y avg +2.1%). 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 Wah Lee Industrial Corp (3010)?
Earnings per share at Wah Lee Industrial Corp are growing +27.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wah Lee Industrial Corp (3010) carry?
The net debt of Wah Lee Industrial Corp is 8.6B TWD (fiscal year 2025, ≈ 1.7 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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