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Taiwan Kong King Co (3093) Fair Value & Analysis

Technology · TW · Market cap 6.8B TWD

TK Taiwan Kong King Co 3093 · TWO
Price48.00 TWD
Fair Value24.45 TWD
Upside-49.1%
Quality77/100
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Healthy Growth
Thin margins · 8.1% net margin
generates free cash flow
2.52% dividend yield
Mixed vs. peers (7/13)
Moderate moat 47/100
Evidence: High Range 18.34 TWD – 30.56 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price −14.9% over the past month.

A strong business, but screening 49% overvalued on our models.

What matters now

  • A high-quality business (quality 77/100), 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 (30.56 TWD). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

75.60 TWD 8.10 TWD Fair Value 24.45 TWD Feb 2021 Aug 2026

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 8.10 TWD – 75.60 TWD · fair‑value band 18.34 TWD – 30.56 TWD · the 48.00 TWD price screens above the 24.45 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.

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Analysis

Taiwan Kong King Co (3093) currently trades at 48.00 TWD, while our model-based Fair Value estimate is 24.45 TWD, implying the stock looks roughly 49.1% overvalued today. The Quality Score stands at 77/100 (high 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, Taiwan Kong King Co generated revenue of 1.6B TWD at a net margin of 8.1%. Revenue declined 53.3% year over year. It earns a return on equity of 13.1%. The balance sheet holds a net cash position of 958M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 18.34 TWD (bear case) to 30.56 TWD (bull case); at 48.00 TWD, the current price sits above 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 38% below its 52-week high and 105% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -49%, 3093 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.

Model 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
Highest evidence
Residual Income 7.76 TWD 9.52 TWD 18.34 TWD 76
Growth DCF 25.78 TWD 40.36 TWD 64.04 TWD 72
Gordon GGM 9.49 TWD 18.90 TWD 28.62 TWD 70
All 26 models by family
DCF Models
FCF DCF 26.04 TWD 42.30 TWD 69.88 TWD 38
Owner Earnings 21.13 TWD 33.48 TWD 54.43 TWD 31
5Y Revenue Exit 22.25 TWD 34.22 TWD 50.44 TWD 39
5Y EBITDA Exit 23.20 TWD 36.21 TWD 52.50 TWD 41
5Y P/E Exit 23.72 TWD 37.30 TWD 52.86 TWD 38
10Y Revenue Exit 22.88 TWD 34.60 TWD 52.54 TWD 36
10Y EBITDA Exit 23.99 TWD 36.03 TWD 54.24 TWD 37
10Y P/E Exit 24.33 TWD 36.82 TWD 54.54 TWD 35
Earnings-Based
Graham-Dodd 8.31 TWD 39.97 TWD 55.03 TWD 54
Lynch FV 10.67 TWD 15.25 TWD 19.82 TWD 50
PEG = 1.0 10.67 TWD 15.25 TWD 19.82 TWD 46
EPV 15.86 TWD 17.47 TWD 18.87 TWD 59
Dividend Discount
Gordon GGM 9.49 TWD 18.90 TWD 28.62 TWD 70
DDM Multi-Stage 9.49 TWD 16.33 TWD 19.95 TWD 61
Multiples
P/E Multiple 18.34 TWD 24.45 TWD 30.56 TWD 63
P/S Multiple 15.59 TWD 20.78 TWD 25.98 TWD 58
P/B Multiple 15.59 TWD 20.78 TWD 25.98 TWD 55
EV/EBIT 27.73 TWD 35.09 TWD 42.45 TWD 53
EV/EBITDA 23.14 TWD 28.97 TWD 34.80 TWD 54
EV/Revenue 20.53 TWD 26.91 TWD 33.29 TWD 43
Asset-Based
NCAV (Graham) 3.79 TWD 5.07 TWD 7.57 TWD 50
Growth DCF
Growth DCF 25.78 TWD 40.36 TWD 64.04 TWD 72
Rev-Margin DCF 22.25 TWD 33.97 TWD 49.31 TWD 67
Economic Profit
Residual Income 7.76 TWD 9.52 TWD 18.34 TWD 76
ROIC Compounder 16.71 TWD 19.48 TWD 22.59 TWD 67
Growth Earnings
Growth-Adj P/E 16.24 TWD 23.20 TWD 30.16 TWD 68

Widest divergence: DCF Models (36.03 TWD) versus Asset-Based (5.07 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.6B TWD
Revenue growth (YoY) -53.3%
Net margin 8.1%
Return on equity 13.1%
Free cash flow 239M TWD FY2025
P/E ratio 38.2
More key figures
Operating margin 3.1%
EPS (TTM) 1.22 TWD
Dividend yield 2.5%
EPS growth (YoY) -81.8%
Net cash 958M TWD FY2023

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 77/100

Of which business quality 77 · Market factors (momentum, volatility) 67

Profitability 64
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

Taiwan Kong King Co.,Ltd engages in the electronics industry in Taiwan and China. The company operates in two segments, Equipment Division and Production.

Full company description

Taiwan Kong King Co.,Ltd engages in the electronics industry in Taiwan and China. The company operates in two segments, Equipment Division and Production. It is involved in the installation and related warranty of machinery, after-sales service, control of inventories, marketing for surface mount technology, semiconductors, and solar equipment; marketing of printed circuit boards equipment and materials, as well as market research, business activities, market development plans, and implementation. The company also engages in the manufacturing of machinery and its related products. In addition, it offers equipment technical services and contract service for O/S testing. The company was incorporated in 1977 and is headquartered in Taoyuan City, Taiwan. Taiwan Kong King Co.,Ltd is a subsidiary of Wong's Kong King International (Holdings) Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Taiwan Kong King Co reported revenue of 1.9B TWD in FY2025 versus 2.0B TWD in FY2021, a compound −2.0%/yr. Reported net income was 177M TWD in FY2025, compounding −9.9%/yr from FY2021.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.9B TWD
Latest YoY
+38.8%
Avg. growth/yr (3Y) 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.
−10.1%
Avg. growth/yr (5Y) 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.
+6.1%
Avg. growth/yr (9Y) 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.
+8.3%
Revenue −2.0%/yr
FY21 2.0B TWD
FY22 2.6B TWD
FY23 1.8B TWD
FY24 1.3B TWD
FY25 1.9B TWD
Net income −9.9%/yr
FY21 269M TWD
FY22 478M TWD
FY23 293M TWD
FY24 154M TWD
FY25 177M TWD

3093 screens 49% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Taiwan Kong King Co Fair Value". https://www.fairvalue-calculator.com/stock/3093

Peer Group

Electronic Components · 625 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.

Quality Score 77 · Top 25%
Fair Value upside −49% · Below median
Return on equity (TTM) 13% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth -53% · Bottom 25%
Dividend yield (TTM) 2.5% · Top 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 38.2× · Cheaper than median
P/B 6.16× · Pricier than 75% of peers
P/S (TTM) 4.34× · Pricier than 75% of peers
P/FCF 0.9× · Cheaper than median
EV/EBITDA 29.3× · Pricier than median

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.

VALUE 0 · sector 0
FUTURE 0 · sector 32
PAST 52 · sector 24
HEALTH 0 · sector 95
DIVIDEND 50 · sector 25

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Taiwan Kong King Co (3093) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 24.45 TWD versus a price of 48.00 TWD, about −49% (overvalued).
What is the fair value of 3093?
Our model-based fair value for Taiwan Kong King Co is 24.45 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 48.00 TWD.
What is the quality score of 3093?
Taiwan Kong King Co has a Quality Score of 77/100. 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 revenue of Taiwan Kong King Co (3093)?
Taiwan Kong King Co reported trailing-twelve-month revenue of about 1.6B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3093?
The net profit margin of Taiwan Kong King Co is about 8.1%, meaning it keeps roughly 8.1% of revenue as net income. Based on the latest reported figures.
Does Taiwan Kong King Co pay a dividend?
Taiwan Kong King Co currently shows a dividend yield of about 1.91% relative to its recent price (as of Jul 21, 2026).

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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