Sinbon Electronics Co Ltd (3023) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Sinbon Electronics Co Ltd TWD 250, price TWD 311, upside -19.7%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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SINBON Electronics Co., Ltd. manufactures and sells computer peripherals, connectors, wires, and other parts in Mainland China, Hong Kong, the United States, Taiwan, and internationally. The company operates through Green Energy, Industrial Application, Medical Health, Automotive & Aviation, and Communication segments.
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SINBON Electronics Co., Ltd. manufactures and sells computer peripherals, connectors, wires, and other parts in Mainland China, Hong Kong, the United States, Taiwan, and internationally. The company operates through Green Energy, Industrial Application, Medical Health, Automotive & Aviation, and Communication segments. The Green Energy segment develops, manufactures, and sells cable assembly and control modules for green energy industries, such as solar photovoltaic, wind power and offshore wind power. Its Industrial Application segment develops, manufactures, and sells industrial application products comprising robot arm control cable assemblies, control cabinet cable assemblies, and panel connection cables. The Medical Health segment develops, manufactures, and sells medical equipment cables, including electrocardiographs, oximeters, and X-ray wiring harnesses. Its Automotive & Aviation segment develops, manufactures, and sells electric vehicle charging guns and charging piles, automotive oxygen sensors, and parking-related equipment cables. The Communication segment develops, manufactures, and sells communication related cables, such as smart phones, smart wearable devices and VR /AR HMD devices. The company also engages in the logistics, renewable energy investment management consulting, and new energy technology development businesses; and sale of electronic materials. SINBON Electronics Co., Ltd. was incorporated in 1989 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Sinbon Electronics Co Ltd (3023) currently trades at 311.00 TWD, while our model-based Fair Value estimate is 249.75 TWD, implying the stock looks roughly 24.5% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 249.75 TWD per share, and 7 of the 26 models we run sit above the 311.00 TWD price.
Bear case: the Asset-Based group reads lowest at 45.23 TWD, and 19 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 174.82 TWD (bear) to 360.80 TWD (bull), the price of 311.00 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 65/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sinbon Electronics Co Ltd reported revenue of 31.0B TWD in FY2025 versus 25.5B TWD in FY2021, a compound +5.0%/yr. Reported net income was 3.1B TWD in FY2025, compounding +7.6%/yr from FY2021.
Key figures
Market cap 75.7B TWD (≈ $2.4B) · P/E ratio 24.4 · P/S ratio 2.46 · EPS (TTM) 12.76 TWD · Dividend yield 3.2% · Net margin 10.1% · Return on equity 17.7% · Return on assets (EBIT) 11.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 67% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −20%, 3023 screens cheaper than that median.
Fair Value models
Bear 174.82 TWDFair Value 249.75 TWDBull 360.80 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 (2.02 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.73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−6.2%
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.
+0.5%
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.
+7.3%
Start year 2020 (pandemic). Over 10 years: +9.9% 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.
+10.0%
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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.
+10.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.2%
Dividend (yield on the price)3.2%
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.7% vs 11%, 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.13% → 11%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
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).
+14.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +12.8% a year for the price and +10.6% for the forecasts.
Compare Sinbon Electronics Co Ltd with another stock
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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 · 654 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−20% · Above median
Profitability
Return on equity (TTM)18% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)10% · Above median
Operating margin (TTM)12% · Above median
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)3.2% · Top 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Sinbon Electronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3023
Frequently asked questions
Is Sinbon Electronics Co Ltd (3023) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 249.75 TWD versus a price of 311.00 TWD, about −20% upside (overvalued).
What is the fair value of 3023?
Our model-based fair value for Sinbon Electronics Co Ltd is 249.75 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 311.00 TWD.
What is the quality score of 3023?
Sinbon Electronics Co Ltd 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 Sinbon Electronics Co Ltd (3023)?
Our model-based price target is the fair value of 249.75 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 174.82 TWD, optimistic scenario 360.80 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Sinbon Electronics Co Ltd stock forecast for 2026?
Our models put fair value at 249.75 TWD, about −20% upside versus a price of 311.00 TWD (overvalued). Cautious scenario 174.82 TWD, optimistic scenario 360.80 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Sinbon Electronics Co Ltd (3023)?
Sinbon Electronics Co Ltd reported trailing-twelve-month revenue of about 31.2B TWD (latest available figure, as of Sep 24, 2026).
Does Sinbon Electronics Co Ltd pay a dividend?
Sinbon Electronics Co Ltd currently shows a dividend yield of about 3.22% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Sinbon Electronics Co Ltd (3023)?
For today's price to be fair in a discounted-cash-flow model, Sinbon Electronics Co Ltd would have to grow free cash flow by +14.5 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3023 use?
Our models discount Sinbon Electronics Co Ltd at 9.0 %: a base by market capitalisation (mid), damped by beta 0.50, 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 Sinbon Electronics Co Ltd that is +14.5 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Sinbon Electronics Co Ltd (3023) delivered so far?
Over the past 5 years revenue at Sinbon Electronics Co Ltd grew +7.3 % a year. The price currently implies +14.5 % 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 Sinbon Electronics Co Ltd (3023) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Sinbon Electronics Co Ltd (+14.5 % 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 Sinbon Electronics Co Ltd (3023)?
The free-cash-flow yield on the price is 3.30 %: that much free cash flow Sinbon Electronics Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sinbon Electronics Co Ltd (3023)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sinbon Electronics Co Ltd it is 249.75 TWD per share (as of Sep 24, 2026), against a price of 311.00 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Sinbon Electronics Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3023 trades above its calculated fair value: price 311.00 TWD, fair value 249.75 TWD, a gap of about −20% (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 3023?
No. The price is what the market pays today (311.00 TWD); the fair value is what the company's own numbers justify (249.75 TWD). For Sinbon Electronics Co Ltd the two are 61.25 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Sinbon Electronics Co Ltd worth?
The market values Sinbon Electronics Co Ltd at about 75.7B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 311.00 TWD; our models calculate a fair value of 249.75 TWD per share.
What do the bullish and bearish scenarios say about 3023?
Our models span a range for Sinbon Electronics Co Ltd: cautious scenario 174.82 TWD, base 249.75 TWD, optimistic 360.80 TWD per share (as of Sep 24, 2026, price 311.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3023?
Sinbon Electronics Co Ltd trades at a price-to-earnings ratio of 24.4 (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 249.75 TWD is built from several models across several years. Other multiples: P/B 4.7, P/S 2.4, EV/EBITDA 19.2.
How solid is the balance sheet of Sinbon Electronics Co Ltd (3023)?
Balance-sheet figures for Sinbon Electronics Co Ltd (as of Sep 24, 2026): return on equity 17.7%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 3023 from its 52-week high?
Sinbon Electronics Co Ltd trades at 311.00 TWD, about 9% below its 52-week high of 340.00 TWD and 67% above the low of 186.50 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 249.75 TWD is for.
Which stocks are comparable to Sinbon Electronics Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Sinbon Electronics Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 311.00 TWD, calculated fair value 249.75 TWD (−20%), Quality Score 65/100, 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 3023 calculated?
We run Sinbon Electronics Co Ltd 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 249.75 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 14.1 % above its aggregate fair value. Sinbon Electronics Co Ltd 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 Sinbon Electronics Co Ltd (3023)?
The closing price on Sep 24, 2026 was 311.00 TWD. Our model-based fair value is 249.75 TWD, about −20% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sinbon Electronics Co Ltd right now?
Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (174.82 TWD to 360.80 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Sinbon Electronics Co Ltd (3023) come from?
Earnings per share at Sinbon Electronics Co Ltd grew +13.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.3 %, EBIT margin +2.2 %, tax rate +0.9 %, residual (interest, one-offs) −0.3 %. 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 Sinbon Electronics Co Ltd
How large is the market capitalisation of Sinbon Electronics Co Ltd (3023)?
The market capitalisation of Sinbon Electronics Co Ltd is 75.7B TWD (≈ $2.4B). 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 Sinbon Electronics Co Ltd (3023)?
The price-to-sales ratio of Sinbon Electronics Co Ltd is 2.46 (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 Sinbon Electronics Co Ltd (3023)?
Earnings per share at Sinbon Electronics Co Ltd are 12.76 TWD (price ÷ EPS = P/E 24.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sinbon Electronics Co Ltd (3023)?
The dividend yield of Sinbon Electronics Co Ltd is 3.2% (payout 78.4%). 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 Sinbon Electronics Co Ltd (3023)?
The net margin of Sinbon Electronics Co Ltd is 10.1% (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 Sinbon Electronics Co Ltd (3023)?
The return on equity (ROE) of Sinbon Electronics Co Ltd is 17.7% (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 Sinbon Electronics Co Ltd (3023)?
On an EBIT basis the return on assets of Sinbon Electronics Co Ltd is 11.8% (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 Sinbon Electronics Co Ltd (3023)?
The operating margin of Sinbon Electronics Co Ltd is 11.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sinbon Electronics Co Ltd (3023)?
Revenue at Sinbon Electronics Co Ltd is growing +1.6% versus a year earlier (3y avg +0.5%). 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 Sinbon Electronics Co Ltd (3023)?
Earnings per share at Sinbon Electronics Co Ltd are growing −5.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sinbon Electronics Co Ltd (3023) hold?
Sinbon Electronics Co Ltd holds more cash than debt, 1.8B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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