Trust-Search Corp.,Ltd. (3115) Fair Value & Analysis

Technology · TW · Market cap 606M TWD

Below-average quality, and screening another 76% overvalued on our models.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

What matters now

• The price sits above even our optimistic bull case (2.23 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.
• Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
• The models converge in a tight band (2.07 TWD to 2.23 TWD), unusually little disagreement for a valuation.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 7.80 TWD – 24.63 TWD · fair‑value band 2.07 TWD – 2.23 TWD · the 9.09 TWD price screens above the 2.15 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Trust-Search Corp.,Ltd. (3115) currently trades at 9.09 TWD, while our model-based Fair Value estimate is 2.15 TWD, implying the stock looks roughly 76.3% overvalued today. The Quality Score stands at 48/100 (below-average 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: low).

Trailing-twelve-month revenue stands at 4.9M TWD. Revenue grew 53.3% year over year. It earns a return on equity of -5.1%. The balance sheet holds a net cash position of 162M TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 2.07 TWD (bear case) to 2.23 TWD (bull case); at 9.09 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 36% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -71% fair-value upside, at -76%, 3115 screens richer 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.

Widest divergence: Growth DCF (10.30 TWD) versus Asset-Based (5.01 TWD). Highest evidence: Growth DCF (72).

Key figures & financial health

Quality Score breakdown

About the company

Trust-Search Corp.,Ltd. engages in the manufacture and trade of electronic components and materials, and other metal products. It offers professional phosphor bronze balls products.

Full company description

Trust-Search Corp.,Ltd. engages in the manufacture and trade of electronic components and materials, and other metal products. It offers professional phosphor bronze balls products. The company also provides electronic components, including copper foil substrate, PC, telecom, consumer, communication, car electronic, and materials; and related components and products, as well as processor, memory, and peripheral. Trust-Search Corp.,Ltd. was founded in 1981 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Trust-Search Corp.,Ltd. reported revenue of 4.4M TWD in FY2025 versus 421M TWD in FY2021, a compound −68.1%/yr. Reported net income was −22.5M TWD in FY2025.

3115 screens 76% overvalued. Compare with Delta Electronics, Inc →

Peer Group

Electronic Components · 649 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 Electronic Components 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.

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.

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Frequently asked questions

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.