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Howteh Technology Co Ltd (3114) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Howteh Technology Co Ltd TWD 26.20, price TWD 31.15, upside -15.9%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Industrials · TW · ISIN TW0003114005

HT Thin data Sep 24, 2026

Howteh Technology Co Ltd

3114 · TWO

Overvalued / MonitorQuality is not strong enough to offset the price risk.

!Fair value 26.20 TWD · Overvalued (−16%)
!Quality 62/100
!Weak Growth (revenue 5y −1.1 %/yr)
!Thin margins · 6.9% net margin (TTM)
!negative free cash flow
·3.21% dividend yield
!Mixed vs. peers (5/12)
!Narrow moat 39/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 12 out of 100

What runs behind every stock

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

Price vs Fair Value

57.70 TWD 17.80 TWD Fair Value 26.20 TWD May 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 17.80 TWD – 57.70 TWD · fair‑value band 23.68 TWD – 30.72 TWD · the 31.15 TWD price screens above the 26.20 TWD fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Howteh Technology Co., Ltd. engages in the trading and agency business in active and passive components, and equipment in Taiwan, China, and internationally. It provides integrated circuit carrier board equipment, chemicals and raw materials, semiconductors, and optical equipment.

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Howteh Technology Co., Ltd. engages in the trading and agency business in active and passive components, and equipment in Taiwan, China, and internationally. It provides integrated circuit carrier board equipment, chemicals and raw materials, semiconductors, and optical equipment. The company also offers connectors, FFC, thunderbolt cable, MEMS, coaxial cable, conversion cable, USB type C, audio amplifier, and LED controller products, as well as power management, radio frequency, and Haptic products. In addition, it provides printed circuit boards and optoelectronic equipment. The company was founded in 1973 and is headquartered in Taipei, Taiwan.

Stock analysis

Howteh Technology Co Ltd (3114) currently trades at 31.15 TWD, while our model-based Fair Value estimate is 26.20 TWD, implying the stock looks roughly 18.9% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 38.05 TWD per share, and 8 of the 15 models we run sit above the 31.15 TWD price.

Bear case: the Dividend Discount group reads lowest at 9.50 TWD, and 7 of the 15 models stay below the price. Evidence for this calculation is low.

Scenario range: 23.68 TWD (bear) to 30.72 TWD (bull), the price of 31.15 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 62/100 (solid quality), in the Industrials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Howteh Technology Co Ltd reported revenue of 3.0B TWD in FY2025 versus 3.7B TWD in FY2021, a compound −5.1%/yr. Reported net income was 144M TWD in FY2025, compounding +0.2%/yr from FY2021.

Key figures

Market cap 2.2B TWD (≈ $68.6M) · P/E ratio 9.6 · P/S ratio 0.46 · EPS (TTM) 3.24 TWD · Dividend yield 3.2% · Net margin 4.8% · Return on equity 13.8% · Return on assets (EBIT) 4.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).

What moves the price

The share trades about 46% below its 52-week high and 30% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at −16%, 3114 screens cheaper than that median.

Fair Value models

Bear 23.68 TWD Fair Value 26.20 TWD Bull 30.72 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 (1.64 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
Residual Income 19.06 TWD 20.13 TWD 21.25 TWD 76
Owner Earnings 33.16 TWD 37.56 TWD 45.34 TWD 75
EPV 21.93 TWD 22.86 TWD 23.63 TWD 70
All 15 models by family
DCF Models
Owner Earnings 33.16 TWD 37.56 TWD 45.34 TWD 75
Earnings-Based
Graham-Dodd 15.22 TWD 23.37 TWD 27.90 TWD 67
EPV 21.93 TWD 22.86 TWD 23.63 TWD 70
Dividend Discount
Gordon GGM 8.45 TWD 9.50 TWD 10.62 TWD 69
DDM Multi-Stage 8.45 TWD 10.22 TWD 12.13 TWD 67
Multiples
P/E Multiple 35.25 TWD 47.00 TWD 58.75 TWD 63
P/S Multiple 28.53 TWD 38.05 TWD 47.56 TWD 58
P/B Multiple 28.53 TWD 38.05 TWD 47.56 TWD 55
EV/EBIT 33.34 TWD 39.75 TWD 46.16 TWD 63
EV/EBITDA 30.98 TWD 36.60 TWD 42.22 TWD 64
EV/Revenue 27.84 TWD 33.72 TWD 39.60 TWD 52
Asset-Based
NCAV (Graham) 12.25 TWD 16.42 TWD 24.51 TWD 51
Economic Profit
Residual Income 19.06 TWD 20.13 TWD 21.25 TWD 76
ROIC Compounder 21.93 TWD 22.86 TWD 23.63 TWD 70
Growth Earnings
Growth-Adj P/E 24.89 TWD 35.56 TWD 46.22 TWD 67

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Quality Score breakdown

Overall quality 62/100

Of which business quality 60 · Market factors (momentum, volatility) 50

Profitability 44
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 15
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 90
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. 27/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+9.0%
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.
−2.4%
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.
−1.1%
Start year 2020 (pandemic)
Revenue growth 9 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.
+5.8%
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.
+3.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.5%
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.1% vs 21%, 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.4% → 3%
Start year 2020 (pandemic)

3114 screens 19% overvalued. Compare with W.W. Grainger, Inc →

Compare Howteh Technology 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.Industrial Distribution · 112 stocks

Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 62 · Above median
Fair Value upside −16% · Below median
Profitability
Return on equity (TTM) 14% · Above median
Return on assets 2% · Below median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 3% · Below median
Growth and dividend
Revenue growth −7% · Bottom 25%
Dividend yield (TTM) 3.2% · Above median

Valuation Multiplesvs Industrial Distribution median · lower = cheaper

P/E (TTM) 9.6× · Cheapest 25%
P/B 1.38× · Pricier than median
P/S (TTM) 0.72× · Pricier than median
EV/EBITDA 14.2× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)12 · sector 34
FUTURE (revenue growth)0 · sector 18
PAST (return on equity)55 · sector 35
HEALTH (low debt)0 · sector 91
DIVIDEND (yield)64 · sector 39

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

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Cite: Fair Value Calculator (2026). "Howteh Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3114

Frequently asked questions

Is Howteh Technology Co Ltd (3114) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 26.20 TWD versus a price of 31.15 TWD, about −16% upside (overvalued).
What is the fair value of 3114?
Our model-based fair value for Howteh Technology Co Ltd is 26.20 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 31.15 TWD.
What is the quality score of 3114?
Howteh Technology Co Ltd has a Quality Score of 62/100. 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 Howteh Technology Co Ltd (3114)?
Our model-based price target is the fair value of 26.20 TWD (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 23.68 TWD, optimistic scenario 30.72 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Howteh Technology Co Ltd stock forecast for 2026?
Our models put fair value at 26.20 TWD, about −16% upside versus a price of 31.15 TWD (overvalued). Cautious scenario 23.68 TWD, optimistic scenario 30.72 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Howteh Technology Co Ltd (3114)?
Howteh Technology Co Ltd reported trailing-twelve-month revenue of about 3.0B TWD (latest available figure, as of Sep 24, 2026).
Does Howteh Technology Co Ltd pay a dividend?
Howteh Technology Co Ltd currently shows a dividend yield of about 3.21% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Howteh Technology Co Ltd (3114)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Howteh Technology Co Ltd it is 26.20 TWD per share (as of Sep 24, 2026), against a price of 31.15 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Howteh Technology Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3114 trades above its calculated fair value: price 31.15 TWD, fair value 26.20 TWD, a gap of about −16% (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 3114?
No. The price is what the market pays today (31.15 TWD); the fair value is what the company's own numbers justify (26.20 TWD). For Howteh Technology Co Ltd the two are 4.95 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Howteh Technology Co Ltd worth?
The market values Howteh Technology Co Ltd at about 2.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 31.15 TWD; our models calculate a fair value of 26.20 TWD per share.
What do the bullish and bearish scenarios say about 3114?
Our models span a range for Howteh Technology Co Ltd: cautious scenario 23.68 TWD, base 26.20 TWD, optimistic 30.72 TWD per share (as of Sep 24, 2026, price 31.15 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3114?
Howteh Technology Co Ltd trades at a price-to-earnings ratio of 9.6 (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 26.20 TWD is built from several models across several years. Other multiples: P/B 1.4, P/S 0.7, EV/EBITDA 14.2.
How solid is the balance sheet of Howteh Technology Co Ltd (3114)?
Balance-sheet figures for Howteh Technology Co Ltd (as of Sep 24, 2026): return on equity 13.8%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 3114 from its 52-week high?
Howteh Technology Co Ltd trades at 31.15 TWD, about 46% below its 52-week high of 57.70 TWD and 30% above the low of 24.00 TWD (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 26.20 TWD is for.
Which stocks are comparable to Howteh Technology Co Ltd?
From the same area (Industrials) we also value W.W. Grainger, Inc, Fastenal Company, Ferguson Enterprises Inc, WESCO International, Inc, 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 Howteh Technology Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 31.15 TWD, calculated fair value 26.20 TWD (−16%), Quality Score 62/100, from 15 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 3114 calculated?
We run Howteh Technology Co Ltd through 15 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 26.20 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. Howteh Technology 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 Howteh Technology Co Ltd (3114)?
The closing price on Sep 23, 2026 was 31.15 TWD. Our model-based fair value is 26.20 TWD, about −16% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Howteh Technology Co Ltd right now?
Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Howteh Technology Co Ltd

How large is the market capitalisation of Howteh Technology Co Ltd (3114)?
The market capitalisation of Howteh Technology Co Ltd is 2.2B TWD (≈ $68.6M). 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 Howteh Technology Co Ltd (3114)?
The price-to-sales ratio of Howteh Technology Co Ltd is 0.46 (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 Howteh Technology Co Ltd (3114)?
Earnings per share at Howteh Technology Co Ltd are 3.24 TWD (price ÷ EPS = P/E 9.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Howteh Technology Co Ltd (3114)?
The dividend yield of Howteh Technology Co Ltd is 3.2% (payout 30.9%). 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 Howteh Technology Co Ltd (3114)?
The net margin of Howteh Technology Co Ltd is 4.8% (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 Howteh Technology Co Ltd (3114)?
The return on equity (ROE) of Howteh Technology Co Ltd is 13.8% (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 Howteh Technology Co Ltd (3114)?
On an EBIT basis the return on assets of Howteh Technology Co Ltd is 4.1% (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 Howteh Technology Co Ltd (3114)?
The operating margin of Howteh Technology Co Ltd is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Howteh Technology Co Ltd (3114)?
Revenue at Howteh Technology Co Ltd is growing −7.0% versus a year earlier (3y avg −2.4%). 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 Howteh Technology Co Ltd (3114)?
Earnings per share at Howteh Technology Co Ltd are growing +147% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Howteh Technology Co Ltd (3114) generate?
The free cash flow of Howteh Technology Co Ltd is −10.2M 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 cash does Howteh Technology Co Ltd (3114) hold?
Howteh Technology Co Ltd holds more cash than debt, 238M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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