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Ta Liang Technology Co (3167) Fair Value & Analysis

Industrials · TW · Market cap 66.5B TWD

TL Ta Liang Technology Co 3167 · TW
Price691.00 TWD
Fair Value125.13 TWD
Upside-81.9%
Quality60/100
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Expensive Growth
Solidly profitable · 14.7% net margin
Low debt · negative free cash flow
0.52% dividend yield
Mixed vs. peers (6/13)
Wide moat 74/100
Evidence: High Range 61.18 TWD – 170.02 TWD Share as image

Fair value as of: Jul 21, 2026

From 17 valuation models · updated 20 days ago

Share price −14.3% over the past month.

A solid business, but screening 82% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (170.02 TWD). The favourable scenario is already priced in.
  • The model range is unusually wide (61.18 TWD to 170.02 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

951.00 TWD 38.00 TWD Fair Value 125.13 TWD Mar 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 38.00 TWD – 951.00 TWD · fair‑value band 61.18 TWD – 170.02 TWD · the 691.00 TWD price screens above the 125.13 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Ta Liang Technology Co (3167) currently trades at 691.00 TWD, while our model-based Fair Value estimate is 125.13 TWD, implying the stock looks roughly 81.9% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials 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, Ta Liang Technology Co generated revenue of 6.2B TWD at a net margin of 14.7%. Revenue grew 130.7% year over year. It earns a return on equity of 28.5%. Net debt stands at 1.0B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 61.18 TWD (bear case) to 170.02 TWD (bull case); at 691.00 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 32% below its 52-week high, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -82%, 3167 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income 54.60 TWD 76.31 TWD 426.14 TWD 76
ROIC Compounder 81.39 TWD 117.65 TWD 169.10 TWD 72
Gordon GGM 9.05 TWD 18.82 TWD 29.86 TWD 70
All 17 models by family
DCF Models
Owner Earnings 88.57 TWD 180.85 TWD 356.33 TWD 31
Earnings-Based
Graham-Dodd 54.41 TWD 311.20 TWD 432.69 TWD 54
Lynch FV 87.59 TWD 125.13 TWD 162.67 TWD 50
PEG = 1.0 87.59 TWD 125.13 TWD 162.67 TWD 46
EPV 67.95 TWD 79.69 TWD 89.96 TWD 59
Dividend Discount
Gordon GGM 9.05 TWD 18.82 TWD 29.86 TWD 70
DDM Multi-Stage 9.05 TWD 15.87 TWD 19.75 TWD 61
Multiples
P/E Multiple 120.01 TWD 160.02 TWD 200.02 TWD 63
P/S Multiple 102.01 TWD 136.02 TWD 170.02 TWD 58
P/B Multiple 85.90 TWD 114.53 TWD 143.17 TWD 55
EV/EBIT 135.74 TWD 181.82 TWD 227.89 TWD 53
EV/EBITDA 102.70 TWD 137.75 TWD 172.80 TWD 54
EV/Revenue 90.70 TWD 130.63 TWD 170.55 TWD 43
Asset-Based
NCAV (Graham) 19.09 TWD 25.58 TWD 38.18 TWD 50
Economic Profit
Residual Income 54.60 TWD 76.31 TWD 426.14 TWD 76
ROIC Compounder 81.39 TWD 117.65 TWD 169.10 TWD 72
Growth Earnings
Growth-Adj P/E 127.14 TWD 181.63 TWD 236.12 TWD 68

Widest divergence: Growth Earnings (181.63 TWD) versus Dividend Discount (15.87 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 6.2B TWD
Revenue growth (YoY) +131%
Net margin 14.7%
Return on equity 28.5%
Free cash flow −47.7M TWD FY2025
P/E ratio 100.1
More key figures
Operating margin 21.0%
EPS (TTM) 8.05 TWD
Dividend yield 0.5%
EPS growth (YoY) +194%
Net debt 1.0B TWD FY2025

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 56 · Market factors (momentum, volatility) 60

Profitability 55
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 12
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 70
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

Ta Liang Technology Co., Ltd. engages in the manufacture and sale of semiconductor inspection products, PCB routing and drilling machines, resin panel cutters, CNC engraving and milling machines, and glass panel processing machines.

Full company description

Ta Liang Technology Co., Ltd. engages in the manufacture and sale of semiconductor inspection products, PCB routing and drilling machines, resin panel cutters, CNC engraving and milling machines, and glass panel processing machines. The company provides PCB routing machines for various applications, including optical modules, mini LED, semiconductor fixtures, mobile phone rigid PCBs, rigid-flex PCBs, and BGA substrates; and PCB drilling machines for AI servo PCB, communication PCB, satellite communication PCB, and vehicle PCB applications. It also offers film plotters; automated edge coating machines; and metrology series, AOI series-wafer level/panel level package, AOI series-die level package, and automation series products. In addition, the company provides FOUP/FOSB automatic optical inspection, wafer micro defects/macro defects automatic optical inspection, and wafer sorter equipment; and UWB positioning/data transmission systems. It has operations in Taiwan, Mainland China, Vietnam, the United States, Thailand, Singapore, South Korea, and internationally. Ta Liang Technology Co., Ltd. was founded in 1969 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

Ta Liang Technology Co reported revenue of 5.1B TWD in FY2025 versus 4.4B TWD in FY2021, a compound +3.4%/yr. Reported net income was 716M TWD in FY2025, compounding +12.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
5.1B TWD
Latest YoY
+95.4%
Avg. growth/yr (3Y)
+28.9%
Avg. growth/yr (5Y)
+15.9%
Avg. growth/yr (16Y)
+10.8%
Revenue +3.4%/yr
FY21 4.4B TWD
FY22 2.4B TWD
FY23 1.3B TWD
FY24 2.6B TWD
FY25 5.1B TWD
Net income +12.9%/yr
FY21 441M TWD
FY22 313M TWD
FY23 12.8M TWD
FY24 124M TWD
FY25 716M TWD

3167 screens 82% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Ta Liang Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/3167

Peer Group

Specialty Industrial Machinery · 809 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 60 · Above median
Fair Value upside −82% · Bottom 25%
Return on equity (TTM) 29% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 131% · Top 25%
Dividend yield (TTM) 0.5% · Below median
Debt / equity 0.26× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 92.4× · Pricier than 75% of peers
P/B 19.46× · Pricier than 75% of peers
P/S (TTM) 10.76× · Pricier than 75% of peers
EV/EBITDA 52.5× · Pricier 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 0 · sector 0
FUTURE 100 · sector 23
PAST 100 · sector 28
HEALTH 87 · sector 96
DIVIDEND 10 · sector 24

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Ta Liang Technology Co (3167) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 125.13 TWD versus a price of 691.00 TWD, about −82% (overvalued).
What is the fair value of 3167?
Our model-based fair value for Ta Liang Technology Co is 125.13 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 691.00 TWD.
What is the quality score of 3167?
Ta Liang Technology Co has a Quality Score of 60/100. 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 Ta Liang Technology Co (3167)?
Ta Liang Technology Co reported trailing-twelve-month revenue of about 6.2B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3167?
The net profit margin of Ta Liang Technology Co is about 14.7%, meaning it keeps roughly 14.7% of revenue as net income. Based on the latest reported figures.
Does Ta Liang Technology Co pay a dividend?
Ta Liang Technology Co currently shows a dividend yield of about 0.52% 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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