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Shenmao Technology Inc (3305) Fair Value & Analysis

Technology · TW · Market cap 14.9B TWD

ST Shenmao Technology Inc 3305 · TW
Price112.50 TWD
Fair Value39.62 TWD
Upside-64.8%
Quality50/100
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Expensive Growth
Thin margins · 4.1% net margin
Low debt · negative free cash flow
2.11% dividend yield
Ranks above peers (8/13)
Narrow moat 39/100
Evidence: High Range 33.24 TWD – 60.36 TWD Share as image

Fair value as of: Jul 21, 2026

From 17 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 39.76 TWD to 39.62 TWD (−0.4%) since Jul 9, 2026. Share price −14.1% over the past month.

A solid business, but screening 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (60.36 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (33.24 TWD to 60.36 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

167.50 TWD 32.44 TWD Fair Value 39.62 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 32.44 TWD – 167.50 TWD · fair‑value band 33.24 TWD – 60.36 TWD · the 112.50 TWD price screens above the 39.62 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Shenmao Technology Inc (3305) currently trades at 112.50 TWD, while our model-based Fair Value estimate is 39.62 TWD, implying the stock looks roughly 64.8% overvalued today. The Quality Score stands at 50/100 (solid 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, Shenmao Technology Inc generated revenue of 12.1B TWD at a net margin of 4.1%. Revenue grew 62.5% year over year. It earns a return on equity of 8.9%. Net debt stands at 3.8B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 33.24 TWD (bear case) to 60.36 TWD (bull case); at 112.50 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 34% below its 52-week high and 115% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -65%, 3305 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 BearBaseBull Evidence
Highest evidence
Residual Income 33.38 TWD 35.52 TWD 38.60 TWD 76
ROIC Compounder 35.46 TWD 40.11 TWD 47.88 TWD 72
Gordon GGM 19.02 TWD 39.54 TWD 62.73 TWD 70
All 17 models by family
DCF Models
Owner Earnings 45.66 TWD 65.96 TWD 96.50 TWD 31
Earnings-Based
Graham-Dodd 20.28 TWD 59.78 TWD 79.06 TWD 54
Lynch FV 12.53 TWD 17.89 TWD 23.26 TWD 50
PEG = 1.0 12.53 TWD 17.89 TWD 23.26 TWD 46
EPV 35.46 TWD 40.11 TWD 44.19 TWD 59
Dividend Discount
Gordon GGM 19.02 TWD 39.54 TWD 62.73 TWD 70
DDM Multi-Stage 19.02 TWD 30.71 TWD 41.50 TWD 61
Multiples
P/E Multiple 46.97 TWD 62.63 TWD 78.28 TWD 63
P/S Multiple 38.02 TWD 50.70 TWD 63.37 TWD 58
P/B Multiple 38.02 TWD 50.70 TWD 63.37 TWD 55
EV/EBIT 67.39 TWD 87.35 TWD 107.31 TWD 53
EV/EBITDA 61.27 TWD 79.19 TWD 97.11 TWD 54
EV/Revenue 50.25 TWD 68.56 TWD 86.88 TWD 43
Asset-Based
NCAV (Graham) 20.21 TWD 27.08 TWD 40.42 TWD 50
Economic Profit
Residual Income 33.38 TWD 35.52 TWD 38.60 TWD 76
ROIC Compounder 35.46 TWD 40.11 TWD 47.88 TWD 72
Growth Earnings
Growth-Adj P/E 38.13 TWD 54.47 TWD 70.81 TWD 68

Widest divergence: DCF Models (65.96 TWD) versus Earnings-Based (17.89 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 12.1B TWD
Revenue growth (YoY) +62.5%
Net margin 4.1%
Return on equity 8.9%
Free cash flow −1.0B TWD FY2025
P/E ratio 35.3
More key figures
Operating margin 11.4%
EPS (TTM) 3.00 TWD
Dividend yield 2.1%
EPS growth (YoY) +48.8%
Net debt 3.8B TWD FY2025

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 47 · Market factors (momentum, volatility) 55

Profitability 36
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 28
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 92
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

Shenmao Technology Inc, together with its subsidiaries, manufactures and sells solder materials in the Taiwan, Mainland China, Thailand, Malaysia, and internationally.

Full company description

Shenmao Technology Inc, together with its subsidiaries, manufactures and sells solder materials in the Taiwan, Mainland China, Thailand, Malaysia, and internationally. The company offers SMT assembly materials, including tin lead, lead-free, water soluble, package on package, low temperature, and halogen free solder pastes, as well as adhesives; and semiconductor packaging products, such as BGA spheres and bumping solder pastes. It also provides wave solder assembly materials comprising solder bars, cored solder wires, lead free solder wires, and halogens free solder wires; liquid and no-clean fluxes; solder preforms and ribbons; and PV ribbons, as well as copper strip, wire, rods, balls, and paste. In addition, the company manufactures and sells solar photovoltaic products; electronic component manufacturing; and inspects semiconductor materials, as well as trading activities. It serves manufacturers of electronic computers, network communications, and consumer electronics. The company was founded in 1973 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

Shenmao Technology Inc reported revenue of 10.6B TWD in FY2025 versus 8.3B TWD in FY2021, a compound +6.4%/yr. Reported net income was 418M TWD in FY2025, compounding −9.1%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
10.6B TWD
Latest YoY
+29.4%
Avg. growth/yr (3Y)
+8.1%
Avg. growth/yr (5Y)
+15.0%
Avg. growth/yr (22Y)
+11.0%
Revenue +6.4%/yr
FY21 8.3B TWD
FY22 8.4B TWD
FY23 6.1B TWD
FY24 8.2B TWD
FY25 10.6B TWD
Net income −9.1%/yr
FY21 612M TWD
FY22 531M TWD
FY23 230M TWD
FY24 409M TWD
FY25 418M TWD

3305 screens 65% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Shenmao Technology Inc Fair Value". https://www.fairvalue-calculator.com/stock/3305

Peer Group

Electronic Components · 626 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 50 · Below median
Fair Value upside −65% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 11% · Above median
Revenue growth 63% · Top 25%
Dividend yield (TTM) 2.1% · Above median
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 35.3× · Cheaper than median
P/B 2.62× · Pricier than median
P/S (TTM) 1.23× · Cheaper than median
EV/EBITDA 12.9× · Cheaper 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 100 · sector 32
PAST 35 · sector 24
HEALTH 91 · sector 95
DIVIDEND 42 · 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 Shenmao Technology Inc (3305) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 39.62 TWD versus a price of 112.50 TWD, about −65% (overvalued).
What is the fair value of 3305?
Our model-based fair value for Shenmao Technology Inc is 39.62 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 112.50 TWD.
What is the quality score of 3305?
Shenmao Technology Inc has a Quality Score of 50/100. 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 Shenmao Technology Inc (3305)?
Shenmao Technology Inc reported trailing-twelve-month revenue of about 12.1B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3305?
The net profit margin of Shenmao Technology Inc is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.
Does Shenmao Technology Inc pay a dividend?
Shenmao Technology Inc currently shows a dividend yield of about 1.64% 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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