Holy Stone Enterprise Co Ltd (3026) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Holy Stone Enterprise Co Ltd TWD 123, price TWD 810, upside -84.8%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value 123.16 TWD · Strongly overvalued (−85%)
✓Quality 71/100
!Weak Growth(revenue 5y −2.0 %/yr)
!Thin margins · 9.4% net margin (TTM)
✓Low debt · generates free cash flow
·0.72% dividend yield
!Mixed vs. peers(6/14)
!Moderate moat52/100
!Evidence only low, so the estimate is less certain
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 66.26 TWD – 1,005 TWD · fair‑value band 94.81 TWD – 150.52 TWD · the 810.00 TWD price screens above the 123.16 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Holy Stone Enterprise Co.,Ltd. together with its subsidiaries, manufactures and sells of multi-layer ceramic capacitors (MLCC) under the IHHEC brand name in Taiwan, China, the United States, and internationally.
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Holy Stone Enterprise Co.,Ltd. together with its subsidiaries, manufactures and sells of multi-layer ceramic capacitors (MLCC) under the IHHEC brand name in Taiwan, China, the United States, and internationally. The company offers MLCC solutions for PoE circuits, switching power supplies, battery management systems, automotive touchscreen LCD modules, LED lightings, and soft termination MLCCs. It offers Azoteq products, including mouse hall rotation wheel, SAR sensor, and inductive sensing keyboards. In addition, it offers ceramic substrate metallization products; resistors; AMB substrates; and semiconductor products, such as rectified diodes, protection diodes, small signal/Schottky, MOSFET/transistor, timing device, and touch IC controllers, as well as SiC products. Further, the company is involved in the import and export of various integrated circuits, modules and other electronic components; engages in investment business and pharmaceutical research and development; design, develop, manufacture, and retail sale of electronic component, machinery, tools and equipment, and other electronic components; provides biotechnology services; manufactures audio-visual electronic products; and wholesale of pharmaceuticals, western medicine, and medical devices. Additionally, it is involved in wholesale of electrical and precision instruments; computers; machinery and equipment; materials; information equipment; electricity; and electronic materials, as well as patented applications. It serves telecommunication, consumer electronics, automotive electronics, and industrial electronics industries. Holy Stone Enterprise Co.,Ltd. was founded in 1981 and is headquartered in Taipei, Taiwan.
Stock analysis
Holy Stone Enterprise Co Ltd (3026) currently trades at 810.00 TWD, while our model-based Fair Value estimate is 123.16 TWD, implying the stock looks roughly 557.9% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 142.61 TWD per share, and 0 of the 24 models we run sit above the 810.00 TWD price.
Bear case: the Asset-Based group reads lowest at 40.98 TWD, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 94.81 TWD (bear) to 150.52 TWD (bull), the price of 810.00 TWD sits above 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 71/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Holy Stone Enterprise Co Ltd reported revenue of 13.4B TWD in FY2025 versus 16.6B TWD in FY2021, a compound −5.2%/yr. Reported net income was 1.1B TWD in FY2025, compounding −13.5%/yr from FY2021.
Key figures
Market cap 136B TWD (≈ $4.3B) · P/E ratio 124.2 · P/S ratio 10.1 · EPS (TTM) 6.52 TWD · Dividend yield 0.7% · Net margin 8.1% · Return on equity 12.5% · Return on assets (EBIT) 7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 767% 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 −85%, 3026 screens richer than that median.
Fair Value models
Bear 94.81 TWDFair Value 123.16 TWDBull 150.52 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 (0.5267 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+5.0%
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.
−3.8%
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.
−2.0%
Start year 2020 (pandemic). Over 10 years: −0.1% 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.
+4.5%
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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.
−2.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.6%
Dividend (yield on the price)0.7%
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.−4% 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.11% → 8%
Start year 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).
+53.2%
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 +50.8% a year for the price.
Compare Holy Stone Enterprise Co Ltd 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.Electronic Components · 654 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside−85% · Bottom 25%
Profitability
Return on equity (TTM)13% · Top 25%
Return on assets5% · Top 25%
Net margin (TTM)9% · Above median
Operating margin (TTM)13% · Top 25%
Growth and dividend
Revenue growth6% · Below median
Dividend yield (TTM)0.7% · Below median
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)124.2× · Priciest 25%
P/B13.38× · Priciest 25%
P/S (TTM)9.95× · Priciest 25%
P/FCF4.0× · Pricier than median
EV/EBITDA67.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)32· sector 39
PAST (return on equity)50· sector 26
HEALTH (low debt)96· sector 95
DIVIDEND (yield)14· sector 25
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.
Cite: Fair Value Calculator (2026). "Holy Stone Enterprise Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3026
Frequently asked questions
Is Holy Stone Enterprise Co Ltd (3026) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 123.16 TWD versus a price of 810.00 TWD, about −85% upside (overvalued).
What is the fair value of 3026?
Our model-based fair value for Holy Stone Enterprise Co Ltd is 123.16 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 810.00 TWD.
What is the quality score of 3026?
Holy Stone Enterprise Co Ltd has a Quality Score of 71/100. 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 Holy Stone Enterprise Co Ltd (3026)?
Our model-based price target is the fair value of 123.16 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 94.81 TWD, optimistic scenario 150.52 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Holy Stone Enterprise Co Ltd stock forecast for 2026?
Our models put fair value at 123.16 TWD, about −85% upside versus a price of 810.00 TWD (overvalued). Cautious scenario 94.81 TWD, optimistic scenario 150.52 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Holy Stone Enterprise Co Ltd (3026)?
Holy Stone Enterprise Co Ltd reported trailing-twelve-month revenue of about 13.6B TWD (latest available figure, as of Sep 24, 2026).
Does Holy Stone Enterprise Co Ltd pay a dividend?
Holy Stone Enterprise Co Ltd currently shows a dividend yield of about 0.72% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Holy Stone Enterprise Co Ltd (3026)?
For today's price to be fair in a discounted-cash-flow model, Holy Stone Enterprise Co Ltd would have to grow free cash flow by +53.2 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3026 use?
Our models discount Holy Stone Enterprise Co Ltd at 12.0 %: a base by market capitalisation (mid), damped by beta 1.66, 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 Holy Stone Enterprise Co Ltd that is +53.2 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Holy Stone Enterprise Co Ltd (3026) delivered so far?
Over the past 5 years revenue at Holy Stone Enterprise Co Ltd grew -2.0 % a year. The price currently implies +53.2 % 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 Holy Stone Enterprise Co Ltd (3026) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Holy Stone Enterprise Co Ltd (+53.2 % 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 Holy Stone Enterprise Co Ltd (3026)?
The free-cash-flow yield on the price is 0.79 %: that much free cash flow Holy Stone Enterprise Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Holy Stone Enterprise Co Ltd (3026)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Holy Stone Enterprise Co Ltd it is 123.16 TWD per share (as of Sep 24, 2026), against a price of 810.00 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Holy Stone Enterprise Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3026 trades above its calculated fair value: price 810.00 TWD, fair value 123.16 TWD, a gap of about −85% (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 3026?
No. The price is what the market pays today (810.00 TWD); the fair value is what the company's own numbers justify (123.16 TWD). For Holy Stone Enterprise Co Ltd the two are 686.84 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Holy Stone Enterprise Co Ltd worth?
The market values Holy Stone Enterprise Co Ltd at about 136B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 810.00 TWD; our models calculate a fair value of 123.16 TWD per share.
What do the bullish and bearish scenarios say about 3026?
Our models span a range for Holy Stone Enterprise Co Ltd: cautious scenario 94.81 TWD, base 123.16 TWD, optimistic 150.52 TWD per share (as of Sep 24, 2026, price 810.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3026?
Holy Stone Enterprise Co Ltd trades at a price-to-earnings ratio of 124.2 (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 123.16 TWD is built from several models across several years. Other multiples: P/B 13.4, P/S 10.0, EV/EBITDA 67.3.
How solid is the balance sheet of Holy Stone Enterprise Co Ltd (3026)?
Balance-sheet figures for Holy Stone Enterprise Co Ltd (as of Sep 24, 2026): return on equity 12.5%, debt of 0.07 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is 3026 from its 52-week high?
Holy Stone Enterprise Co Ltd trades at 810.00 TWD, about 19% below its 52-week high of 1,005 TWD and 767% above the low of 93.39 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 123.16 TWD is for.
Which stocks are comparable to Holy Stone Enterprise 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 Holy Stone Enterprise Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 810.00 TWD, calculated fair value 123.16 TWD (−85%), Quality Score 71/100, from 24 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 3026 calculated?
We run Holy Stone Enterprise Co Ltd through 24 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 123.16 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. Holy Stone Enterprise 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 Holy Stone Enterprise Co Ltd (3026)?
The closing price on Sep 24, 2026 was 810.00 TWD. Our model-based fair value is 123.16 TWD, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Holy Stone Enterprise Co Ltd right now?
A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (150.52 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.
Where does the earnings growth of Holy Stone Enterprise Co Ltd (3026) come from?
Earnings per share at Holy Stone Enterprise Co Ltd grew +4.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.0 %, EBIT margin +4.4 %, tax rate +0.3 %, residual (interest, one-offs) +0.5 %. 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 Holy Stone Enterprise Co Ltd
How large is the market capitalisation of Holy Stone Enterprise Co Ltd (3026)?
The market capitalisation of Holy Stone Enterprise Co Ltd is 136B TWD (≈ $4.3B). 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 Holy Stone Enterprise Co Ltd (3026)?
The price-to-sales ratio of Holy Stone Enterprise Co Ltd is 10.1 (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 Holy Stone Enterprise Co Ltd (3026)?
Earnings per share at Holy Stone Enterprise Co Ltd are 6.52 TWD (price ÷ EPS = P/E 124.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Holy Stone Enterprise Co Ltd (3026)?
The dividend yield of Holy Stone Enterprise Co Ltd is 0.7% (payout 89.0%). 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 Holy Stone Enterprise Co Ltd (3026)?
The net margin of Holy Stone Enterprise Co Ltd is 8.1% (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 Holy Stone Enterprise Co Ltd (3026)?
The return on equity (ROE) of Holy Stone Enterprise Co Ltd is 12.5% (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 Holy Stone Enterprise Co Ltd (3026)?
On an EBIT basis the return on assets of Holy Stone Enterprise Co Ltd is 7.5% (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 Holy Stone Enterprise Co Ltd (3026)?
The operating margin of Holy Stone Enterprise Co Ltd is 13.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Holy Stone Enterprise Co Ltd (3026)?
Revenue at Holy Stone Enterprise Co Ltd is growing +6.4% versus a year earlier (3y avg −3.8%). 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 Holy Stone Enterprise Co Ltd (3026)?
Earnings per share at Holy Stone Enterprise Co Ltd are growing +71.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Holy Stone Enterprise Co Ltd (3026) hold?
Holy Stone Enterprise Co Ltd holds more cash than debt, 976M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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