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Apex Science & Engineering Corp (3052) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Apex Science & Engineering Corp TWD 14.62, price TWD 10.40, upside +40.6%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Industrials · TW · ISIN TW0003052007

AS Thin data Sep 24, 2026

Apex Science & Engineering Corp

3052 · TW

UndervaluedThe stock appears undervalued with acceptable quality.

✓Fair value 14.62 TWD · Undervalued (+41%)
!Quality 58/100
!Mixed Growth (revenue YoY +28.6 %/yr)
!Thin margins · 5.5% net margin (TTM)
✓Low debt · generates free cash flow
·5.77% dividend yield
✓Ranks above peers (12/14)
!Narrow moat 33/100
!Evidence only low, so the estimate is less certain
!Weak on past: 22 out of 100

What runs behind every stock

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

Price vs Fair Value

14.25 TWD 9.51 TWD Fair Value 14.62 TWD Apr 2021 Sep 2026

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 9.51 TWD – 14.25 TWD · fair‑value band 12.66 TWD – 18.28 TWD · the 10.40 TWD price screens below the 14.62 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Apex Science & Engineering Corp. operates as an engineering and construction company in Taiwan. The company provides integrated engineering services, such as mechanical, electrical and instrumentation, and environmental engineering services. It also manufactures optoelectronic and electrical products and offers customized LCD displays.

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Apex Science & Engineering Corp. operates as an engineering and construction company in Taiwan. The company provides integrated engineering services, such as mechanical, electrical and instrumentation, and environmental engineering services. It also manufactures optoelectronic and electrical products and offers customized LCD displays. In addition, the company engages in commissioning construction companies to build residential and commercial buildings and develop professional industrial parks; civil engineering, construction, water conservancy, and other construction businesses; engineering consultants; and buying and selling engineering equipment and high-tech electronic products. The company was formerly known as APEX Engineering Co., Ltd. and changed its name to Apex Science & Engineering Corp. in 2001. Apex Science & Engineering Corp. was founded in 1976 and is headquartered in New Taipei City, Taiwan.

Stock analysis

Apex Science & Engineering Corp (3052) currently trades at 10.40 TWD, while our model-based Fair Value estimate is 14.62 TWD, implying the stock looks roughly 28.9% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of 55.64 TWD per share, and 22 of the 26 models we run sit above the 10.40 TWD price.

Bear case: the Dividend Discount group reads lowest at 5.32 TWD, and 4 of the 26 models stay below the price. Evidence for this calculation is low.

Scenario range: 12.66 TWD (bear) to 18.28 TWD (bull), the price of 10.40 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 58/100 (solid quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Apex Science & Engineering Corp reported revenue of 3.4B TWD in FY2025 versus 3.6B TWD in FY2021, a compound −1.4%/yr. Reported net income was 224M TWD in FY2025, compounding +21.5%/yr from FY2021.

Key figures

Market cap 2.1B TWD (≈ $67.1M) · P/E ratio 9.5 · P/S ratio 0.63 · EPS (TTM) 1.09 TWD · Dividend yield 5.8% · Net margin 6.6% · Return on equity 5.4% · Return on assets (EBIT) 2.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 15% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 41%, 3052 screens cheaper than that median.

Fair Value models

Bear 12.66 TWD Fair Value 14.62 TWD Bull 18.28 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 (0.3584 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.
Highest evidence
FCF DCF 77.68 TWD 106.89 TWD 143.46 TWD 81
Growth DCF 77.76 TWD 102.90 TWD 132.44 TWD 80
Owner Earnings 13.78 TWD 17.86 TWD 22.96 TWD 78
All 26 models by family
DCF Models
FCF DCF 77.68 TWD 106.89 TWD 143.46 TWD 81
Owner Earnings 13.78 TWD 17.86 TWD 22.96 TWD 78
5Y Revenue Exit 42.02 TWD 51.22 TWD 61.37 TWD 74
5Y EBITDA Exit 42.31 TWD 51.77 TWD 61.54 TWD 77
5Y P/E Exit 44.38 TWD 55.64 TWD 66.63 TWD 72
10Y Revenue Exit 56.98 TWD 68.50 TWD 81.62 TWD 68
10Y EBITDA Exit 57.40 TWD 68.82 TWD 81.73 TWD 70
10Y P/E Exit 58.53 TWD 71.12 TWD 85.05 TWD 65
Earnings-Based
Graham-Dodd 7.47 TWD 23.49 TWD 31.27 TWD 64
Lynch FV 5.14 TWD 7.34 TWD 9.54 TWD 61
PEG = 1.0 5.14 TWD 7.34 TWD 9.54 TWD 57
EPV 10.77 TWD 11.65 TWD 12.37 TWD 74
Dividend Discount
Gordon GGM 3.52 TWD 5.90 TWD 7.66 TWD 68
DDM Multi-Stage 3.52 TWD 5.32 TWD 6.35 TWD 67
Multiples
P/E Multiple 17.31 TWD 23.08 TWD 28.85 TWD 63
P/S Multiple 14.01 TWD 18.68 TWD 23.36 TWD 58
P/B Multiple 14.01 TWD 18.68 TWD 23.36 TWD 55
EV/EBIT 19.85 TWD 25.32 TWD 30.80 TWD 66
EV/EBITDA 16.57 TWD 20.95 TWD 25.33 TWD 67
EV/Revenue 15.14 TWD 20.17 TWD 25.19 TWD 54
Asset-Based
NCAV (Graham) 8.61 TWD 11.54 TWD 17.23 TWD 54
Growth DCF
Growth DCF 77.76 TWD 102.90 TWD 132.44 TWD 80
Rev-Margin DCF 42.02 TWD 52.75 TWD 62.93 TWD 74
Economic Profit
Residual Income 12.39 TWD 12.45 TWD 11.43 TWD 76
ROIC Compounder 10.77 TWD 11.65 TWD 12.37 TWD 72
Growth Earnings
Growth-Adj P/E 14.36 TWD 20.52 TWD 26.67 TWD 67

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Quality Score breakdown

Overall quality 58/100

Of which business quality 58 · Market factors (momentum, volatility) 50

Profitability 22
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 83
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+10.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.9%
Dividend (yield on the price)5.8%
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.5% vs 5%, steady
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.6% → 8%
Start year 2020 (pandemic)

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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.Engineering & Construction · 836 stocks

Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 58 · Above median
Fair Value upside +41% · Above median
Profitability
Return on equity (TTM) 5% · Below median
Return on assets 1% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 5% · Above median
Growth and dividend
Revenue growth 13% · Above median
Dividend yield (TTM) 5.8% · Top 25%
Balance sheet
Debt / equity 0.00× · Lowest 25%

Valuation Multiplesvs Engineering & Construction median · lower = cheaper

P/E (TTM) 9.5× · Cheapest 25%
P/B 0.61× · Cheaper than median
P/S (TTM) 0.61× · Cheaper than median
P/FCF 0.0× · Cheapest 25%
EV/EBITDA 6.2× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)87 · sector 28
FUTURE (revenue growth)67 · sector 11
PAST (return on equity)22 · sector 28
HEALTH (low debt)100 · sector 94
DIVIDEND (yield)100 · sector 41

Context: sector, industry, market

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Quanta Services, Inc PWR $642.63 $163.08 −75%
Vinci SA DG €112.30 €185.62 +65%
Comfort Systems USA, Inc FIX $1,625 $1,122 −31%
Larsen & Toubro Limited LT ₹3,930 ₹1,994 −49%
Ferrovial N.V FER $56.30 $24.01 −57%
Samsung C&T Corporation 028260 367,000 KRW 256,792 KRW −30%
HOCHTIEF Aktiengesellschaft HOT €403.60 €203.87 −49%
ACS, Actividades de Construcción y Servicios, S.A ACS €95.95 €75.04 −22%
EMCOR Group EME $756.50 $521.87 −31%
MasTec, Inc MTZ $221.69 $106.05 −52%

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Cite: Fair Value Calculator (2026). "Apex Science & Engineering Corp Fair Value". https://www.fairvalue-calculator.com/stock/3052

Frequently asked questions

Is Apex Science & Engineering Corp (3052) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 14.62 TWD versus a price of 10.40 TWD, about +41% upside (undervalued).
What is the fair value of 3052?
Our model-based fair value for Apex Science & Engineering Corp is 14.62 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 10.40 TWD.
What is the quality score of 3052?
Apex Science & Engineering Corp has a Quality Score of 58/100. 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 Apex Science & Engineering Corp (3052)?
Our model-based price target is the fair value of 14.62 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 12.66 TWD, optimistic scenario 18.28 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Apex Science & Engineering Corp stock forecast for 2026?
Our models put fair value at 14.62 TWD, about +41% upside versus a price of 10.40 TWD (undervalued). Cautious scenario 12.66 TWD, optimistic scenario 18.28 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Apex Science & Engineering Corp (3052)?
Apex Science & Engineering Corp reported trailing-twelve-month revenue of about 3.5B TWD (latest available figure, as of Sep 24, 2026).
Does Apex Science & Engineering Corp pay a dividend?
Apex Science & Engineering Corp currently shows a dividend yield of about 5.77% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Apex Science & Engineering Corp (3052)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Apex Science & Engineering Corp it is 14.62 TWD per share (as of Sep 24, 2026), against a price of 10.40 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Apex Science & Engineering Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3052 trades below its calculated fair value: price 10.40 TWD, fair value 14.62 TWD, a gap of about +41% (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 3052?
No. The price is what the market pays today (10.40 TWD); the fair value is what the company's own numbers justify (14.62 TWD). For Apex Science & Engineering Corp the two are 4.22 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Apex Science & Engineering Corp worth?
The market values Apex Science & Engineering Corp at about 2.1B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 10.40 TWD; our models calculate a fair value of 14.62 TWD per share.
What do the bullish and bearish scenarios say about 3052?
Our models span a range for Apex Science & Engineering Corp: cautious scenario 12.66 TWD, base 14.62 TWD, optimistic 18.28 TWD per share (as of Sep 24, 2026, price 10.40 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3052?
Apex Science & Engineering Corp trades at a price-to-earnings ratio of 9.5 (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 14.62 TWD is built from several models across several years. Other multiples: P/B 0.6, P/S 0.6, EV/EBITDA 6.2.
How solid is the balance sheet of Apex Science & Engineering Corp (3052)?
Balance-sheet figures for Apex Science & Engineering Corp (as of Sep 24, 2026): return on equity 5.4%, debt of 0.00 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 3052 from its 52-week high?
Apex Science & Engineering Corp trades at 10.40 TWD, about 15% below its 52-week high of 12.25 TWD and 2% above the low of 10.20 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 14.62 TWD is for.
Which stocks are comparable to Apex Science & Engineering Corp?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Apex Science & Engineering Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 10.40 TWD, calculated fair value 14.62 TWD (+41%), Quality Score 58/100, 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 3052 calculated?
We run Apex Science & Engineering 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 14.62 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. Apex Science & Engineering Corp currently trades 41 % 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 Apex Science & Engineering Corp (3052)?
The closing price on Sep 24, 2026 was 10.40 TWD. Our model-based fair value is 14.62 TWD, about +41% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Apex Science & Engineering Corp right now?
The price is below even our cautious bear case (12.66 TWD). The market is more pessimistic than our downside scenario. 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 quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Apex Science & Engineering Corp (3052) come from?
Earnings per share at Apex Science & Engineering Corp grew +5.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.5 %, EBIT margin +4.7 %, tax rate −1.4 %, residual (interest, one-offs) +2.1 %. 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 Apex Science & Engineering Corp

How large is the market capitalisation of Apex Science & Engineering Corp (3052)?
The market capitalisation of Apex Science & Engineering Corp is 2.1B TWD (≈ $67.1M). 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 Apex Science & Engineering Corp (3052)?
The price-to-sales ratio of Apex Science & Engineering Corp is 0.63 (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 Apex Science & Engineering Corp (3052)?
Earnings per share at Apex Science & Engineering Corp are 1.09 TWD (price ÷ EPS = P/E 9.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Apex Science & Engineering Corp (3052)?
The dividend yield of Apex Science & Engineering Corp is 5.8% (payout 55.0%). 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 Apex Science & Engineering Corp (3052)?
The net margin of Apex Science & Engineering Corp is 6.6% (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 Apex Science & Engineering Corp (3052)?
The return on equity (ROE) of Apex Science & Engineering Corp is 5.4% (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 Apex Science & Engineering Corp (3052)?
On an EBIT basis the return on assets of Apex Science & Engineering Corp is 2.4% (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 Apex Science & Engineering Corp (3052)?
The operating margin of Apex Science & Engineering Corp is 5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Apex Science & Engineering Corp (3052)?
Revenue at Apex Science & Engineering Corp is growing +13.4% versus a year earlier (3y avg +5.0%). 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 Apex Science & Engineering Corp (3052)?
Earnings per share at Apex Science & Engineering Corp are growing −44.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Apex Science & Engineering Corp (3052) generate?
The free cash flow of Apex Science & Engineering Corp is 1.8B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Apex Science & Engineering Corp (3052) carry?
The net debt of Apex Science & Engineering Corp is 2.1B TWD (fiscal year 2025, ≈ 1.2 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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