Zenitron Corporation (3028) Fair Value & Analysis
Technology · TW · Market cap 15.9B TWD
Fair value as of: Jul 21, 2026
From 17 valuation models · updated 20 days ago
Fair value updated Jul 21, 2026, revised from 53.56 TWD to 52.75 TWD (−1.5%) since Jul 9, 2026. Share price −11.1% over the past month.
A solid business, but screening 20% overvalued on our models.
What matters now
- Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (29.55 TWD to 65.93 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.
How to read this chart
60‑month range 18.13 TWD – 84.40 TWD · fair‑value band 29.55 TWD – 65.93 TWD · the 65.90 TWD price screens above the 52.75 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Zenitron Corporation (3028) currently trades at 65.90 TWD, while our model-based Fair Value estimate is 52.75 TWD, implying the stock looks roughly 20.0% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Zenitron Corporation generated revenue of 50.1B TWD at a net margin of 2.4%. Revenue grew 95.8% year over year. It earns a return on equity of 19.5%. Net debt stands at 8.6B TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 29.55 TWD (bear case) to 65.93 TWD (bull case); at 65.90 TWD, the current price sits within 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 25% below its 52-week high and 116% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -20%, 3028 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 17 models by family
Widest divergence: DCF Models (72.82 TWD) versus Asset-Based (17.53 TWD). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 47 · Market factors (momentum, volatility) 67
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.
About the company
Zenitron Corporation, together with its subsidiaries, engages in the sale of electrical components in China, Taiwan, and internationally.
Full company description
Zenitron Corporation, together with its subsidiaries, engages in the sale of electrical components in China, Taiwan, and internationally. It offers semiconductor component line cards such as power supply, network communications, consumer electronics, industrial electronics, automotive electronics, AIoT, intelligent Internet of Things, handheld devices, information technology, and retail channels; agency sales products include semiconductor components, such as integrated circuits, transistors, diodes, power modules; and retail products, includes memory cards, and 3C products. The company also offers power supply, networking, industrial electronics, consumer, and IoT solutions. In addition, it engages in investment business; sales of computer storage devices and related components; provision of technical services, as well as turnkey solutions and design consultation services. Zenitron Corporation was incorporated in 1982 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zenitron Corporation reported revenue of 41.5B TWD in FY2025 versus 42.0B TWD in FY2021, a compound −0.4%/yr. Reported net income was 748M TWD in FY2025, compounding −3.9%/yr from FY2021.
3028 screens 20% overvalued. Compare with ASML Holding →
Peer Group
Semiconductor Equipment & Materials · 211 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.
Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASML Holding ASML | C$50.50 | C$15.57 | -69% |
| Applied Materials, Inc AMAT | $579.43 | $143.08 | -75% |
| Lam Research Corporation LRCX | $346.10 | $67.57 | -80% |
| KLA Corporation KLAC | $212.75 | $53.01 | -75% |
| NAURA Technology Group 002371 | ¥774.20 | ¥151.43 | -80% |
| Advanced Micro-Fabrication Equipment Inc 688012 | ¥350.69 | ¥41.79 | -88% |
| Piotech Inc 688072 | ¥832.00 | ¥431.44 | -48% |
| Hon. Precision, Inc 7769 | 6,005 TWD | 1,804 TWD | -70% |
| Hangzhou Changchuan Technology Co 300604 | ¥325.24 | ¥33.33 | -90% |
| MPI Corporation 6223 | 5,600 TWD | 609.44 TWD | -89% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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