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Tecstar Technology Co (3117) Fair Value & Analysis

Technology · TW · Market cap 661M TWD

TT Tecstar Technology Co 3117 · TWO
Price28.30 TWD
Fair Value37.88 TWD
Upside+33.9%
Quality30/100
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Weak Growth
Loss-making · -9.2% net margin
High debt · negative free cash flow
Trails peers (3/10)
Narrow moat 8/100
Evidence: Low Range 28.17 TWD – 56.66 TWD Share as image

Fair value as of: Jul 23, 2026

From 1 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 37.55 TWD to 37.88 TWD (+0.9%) since Jul 9, 2026. Share price −3.9% over the past month.

Below-average quality, screening 34% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (30/100). That raises the risk this is a value trap rather than a bargain.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (28.17 TWD to 56.66 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

51.00 TWD 3.70 TWD Fair Value 37.88 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 3.70 TWD – 51.00 TWD · fair‑value band 28.17 TWD – 56.66 TWD · the 28.30 TWD price screens below the 37.88 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Tecstar Technology Co (3117) currently trades at 28.30 TWD, while our model-based Fair Value estimate is 37.88 TWD, implying the stock looks roughly 33.9% undervalued today. The Quality Score stands at 30/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Tecstar Technology Co generated revenue of 600M TWD at a net margin of -9.2%. Revenue grew 3.4% year over year. It earns a return on equity of -81.6%. Net debt stands at 371M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 28.17 TWD (bear case) to 56.66 TWD (bull case); at 28.30 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 49% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 34%, 3117 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
NCAV (Graham) 0.8700 TWD 1.17 TWD 1.75 TWD 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.8700 TWD 1.17 TWD 1.75 TWD 50

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Key figures & financial health

Revenue (TTM) 600M TWD
Revenue growth (YoY) +3.4%
Net margin -9.2%
Return on equity -81.6%
Free cash flow −6.8M TWD FY2025
Operating margin -5.4%
More key figures
EPS (TTM) -2.41 TWD
Net debt 371M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 28 · Market factors (momentum, volatility) 54

Profitability 16
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 1
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 78
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 27
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

Tecstar Technology Co., Ltd. produces and sells inductors in Taiwan, China, Hong Kong, and internationally. It offers multilayer chip beads and inductors, including multilayer ferrite chip beads and multilayer chip inductors.

Full company description

Tecstar Technology Co., Ltd. produces and sells inductors in Taiwan, China, Hong Kong, and internationally. It offers multilayer chip beads and inductors, including multilayer ferrite chip beads and multilayer chip inductors. The company also provides SMD power inductors and EMI beads, such as SMD power inductors, SMD common mode chokes, and wound chip beads and inductors; and Ni-Zn soft ferrite cores that include EMI suppression ferrite cores and SMD power inductor cores. Tecstar Technology Co., Ltd. was founded in 1995 and is headquartered in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tecstar Technology Co reported revenue of 600M TWD in FY2025 versus 746M TWD in FY2021, a compound −5.3%/yr. Reported net income was −55.0M TWD in FY2025.

Growth Quality 8/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
600M TWD
Latest YoY
+7.0%
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.
−2.7%
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.
−1.0%
Revenue −5.3%/yr
FY21 746M TWD
FY22 651M TWD
FY23 500M TWD
FY24 561M TWD
FY25 600M TWD
Net income
FY21 6.0M TWD
FY22 6.5M TWD
FY23 −72.3M TWD
FY24 −42.6M TWD
FY25 −55.0M TWD

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Cite: Fair Value Calculator (2026). "Tecstar Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/3117

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 28 · Bottom 25%
Fair Value upside +34% · Top 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -9% · Bottom 25%
Operating margin (TTM) -5% · Bottom 25%
Revenue growth 3% · Below median
Debt / equity 4.52× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/B 0.52× · Cheaper than 75% of peers
P/S (TTM) 0.03× · Cheaper than 75% of peers

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 79 · sector 0
FUTURE 17 · sector 32
PAST 0 · sector 24
HEALTH 0 · sector 95
DIVIDEND 0 · sector 25

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 23, 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 Tecstar Technology Co (3117) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 37.88 TWD versus a price of 28.30 TWD, about +34% (undervalued).
What is the fair value of 3117?
Our model-based fair value for Tecstar Technology Co is 37.88 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 28.30 TWD.
What is the quality score of 3117?
Tecstar Technology Co has a Quality Score of 30/100. 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 Tecstar Technology Co (3117)?
Tecstar Technology Co reported trailing-twelve-month revenue of about 600M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3117?
The net profit margin of Tecstar Technology Co is about -9.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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