Shin Zu Shing Co Ltd (3376) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Shin Zu Shing Co Ltd TWD 54.31, price TWD 174, upside -68.8%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value 54.31 TWD · Strongly overvalued (−69%)
!Quality 44/100
!Weak Growth(revenue 5y −6.8 %/yr)
!Thin margins · 1.3% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers(3/14)
!Narrow moat25/100
!Evidence only low, so the estimate is less certain
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Price vs Fair Value
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 71.02 TWD – 296.50 TWD · fair‑value band 39.93 TWD – 70.63 TWD · the 174.00 TWD price screens above the 54.31 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Shin Zu Shing Co., Ltd. engages in the research, design, development, production, assembly, testing, manufacturing, and trading of various precision springs, stamping parts, hinge components, CNC lathes, and metal injection molding in Taiwan, Singapore, and China.
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Shin Zu Shing Co., Ltd. engages in the research, design, development, production, assembly, testing, manufacturing, and trading of various precision springs, stamping parts, hinge components, CNC lathes, and metal injection molding in Taiwan, Singapore, and China. It also produces and sells precision bearings, key brain components, computer peripherals, LCD monitor base bracket, switch shaft and accessories, precision hardware, electronics, molds, and plastic. In addition, the company offers its products for use in notebook computers, LCD screens, digital cameras, electric bicycle parts, and other electronic product parts. The company was formerly known as Zu Shing Spring and Mechanical Co., Ltd. and changed its name to Shin Zu Shing Co., Ltd. in November 1997. Shin Zu Shing Co., Ltd. was founded in 1957 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Shin Zu Shing Co Ltd (3376) currently trades at 174.00 TWD, while our model-based Fair Value estimate is 54.31 TWD, implying the stock looks roughly 220.4% overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 66.60 TWD per share, and 0 of the 15 models we run sit above the 174.00 TWD price.
Bear case: the Earnings-Based group reads lowest at 7.76 TWD, and 15 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 39.93 TWD (bear) to 70.63 TWD (bull), the price of 174.00 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 44/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Shin Zu Shing Co Ltd reported revenue of 10.7B TWD in FY2025 versus 12.1B TWD in FY2021, a compound −3.1%/yr. Reported net income was 318M TWD in FY2025, compounding −27.8%/yr from FY2021.
Key figures
Market cap 34.1B TWD (≈ $1.1B) · P/E ratio 271.9 · P/S ratio 8.07 · EPS (TTM) 0.6400 TWD · Dividend yield 3.2% · Net margin 3.0% · Return on equity 0.7% · Return on assets (EBIT) 5.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 34% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −69%, 3376 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (7.25 TWD to 77.96 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 39.93 TWDFair Value 54.31 TWDBull 70.63 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 (0.4682 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.
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.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−19.5%
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.
−3.2%
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.
−6.8%
Start year 2020 (pandemic). Over 10 years: +2.4% a year
Revenue growth 22 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.
+10.0%
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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.
−22.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−25.6%
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.−26% vs −13%, 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.16% → 2%
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.Metal Fabrication · 259 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−69% · Bottom 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)1% · Below median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth−16% · Bottom 25%
Dividend yield (TTM)3.2% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
P/E (TTM)271.9× · Priciest 25%
P/B1.98× · Pricier than median
P/S (TTM)3.32× · Priciest 25%
EV/EBITDA66.0× · Priciest 25%
PEG0.80× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 35
PAST (return on equity)3· sector 21
HEALTH (low debt)98· sector 95
DIVIDEND (yield)64· sector 25
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Shin Zu Shing Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3376
Frequently asked questions
Is Shin Zu Shing Co Ltd (3376) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 54.31 TWD versus a price of 174.00 TWD, about −69% upside (overvalued).
What is the fair value of 3376?
Our model-based fair value for Shin Zu Shing Co Ltd is 54.31 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 174.00 TWD.
What is the quality score of 3376?
Shin Zu Shing Co Ltd has a Quality Score of 44/100. 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 Shin Zu Shing Co Ltd (3376)?
Our model-based price target is the fair value of 54.31 TWD (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 39.93 TWD, optimistic scenario 70.63 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Shin Zu Shing Co Ltd stock forecast for 2026?
Our models put fair value at 54.31 TWD, about −69% upside versus a price of 174.00 TWD (overvalued). Cautious scenario 39.93 TWD, optimistic scenario 70.63 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Shin Zu Shing Co Ltd (3376)?
Shin Zu Shing Co Ltd reported trailing-twelve-month revenue of about 10.3B TWD (latest available figure, as of Sep 24, 2026).
Does Shin Zu Shing Co Ltd pay a dividend?
Shin Zu Shing Co Ltd currently shows a dividend yield of about 3.22% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Shin Zu Shing Co Ltd (3376)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shin Zu Shing Co Ltd it is 54.31 TWD per share (as of Sep 24, 2026), against a price of 174.00 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Shin Zu Shing Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3376 trades above its calculated fair value: price 174.00 TWD, fair value 54.31 TWD, a gap of about −69% (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 3376?
No. The price is what the market pays today (174.00 TWD); the fair value is what the company's own numbers justify (54.31 TWD). For Shin Zu Shing Co Ltd the two are 119.69 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Shin Zu Shing Co Ltd worth?
The market values Shin Zu Shing Co Ltd at about 34.1B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 174.00 TWD; our models calculate a fair value of 54.31 TWD per share.
What do the bullish and bearish scenarios say about 3376?
Our models span a range for Shin Zu Shing Co Ltd: cautious scenario 39.93 TWD, base 54.31 TWD, optimistic 70.63 TWD per share (as of Sep 24, 2026, price 174.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3376?
Shin Zu Shing Co Ltd trades at a price-to-earnings ratio of 271.9 (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 54.31 TWD is built from several models across several years. Other multiples: PEG 0.8, P/B 2.0, P/S 3.3, EV/EBITDA 66.0.
What is the PEG ratio of 3376?
The PEG ratio of Shin Zu Shing Co Ltd is 0.80 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Shin Zu Shing Co Ltd (3376)?
Balance-sheet figures for Shin Zu Shing Co Ltd (as of Sep 24, 2026): return on equity 0.7%, debt of 0.04 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 3376 from its 52-week high?
Shin Zu Shing Co Ltd trades at 174.00 TWD, about 34% below its 52-week high of 262.00 TWD and 9% above the low of 160.00 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 54.31 TWD is for.
Which stocks are comparable to Shin Zu Shing Co Ltd?
From the same area (Industrials) we also value Carpenter Technology Corporation, ATI Inc, Mueller Industries, Inc, Aurubis AG, 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 Shin Zu Shing Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 174.00 TWD, calculated fair value 54.31 TWD (−69%), Quality Score 44/100, 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 3376 calculated?
We run Shin Zu Shing 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 54.31 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. Shin Zu Shing 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 Shin Zu Shing Co Ltd (3376)?
The closing price on Sep 24, 2026 was 174.00 TWD. Our model-based fair value is 54.31 TWD, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shin Zu Shing Co Ltd right now?
The price sits above even our optimistic bull case (70.63 TWD). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Shin Zu Shing Co Ltd (3376) come from?
Earnings per share at Shin Zu Shing Co Ltd grew −5.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.2 %, EBIT margin −10.8 %, tax rate −1.0 %, residual (interest, one-offs) +3.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Shin Zu Shing Co Ltd
How large is the market capitalisation of Shin Zu Shing Co Ltd (3376)?
The market capitalisation of Shin Zu Shing Co Ltd is 34.1B TWD (≈ $1.1B). 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 Shin Zu Shing Co Ltd (3376)?
The price-to-sales ratio of Shin Zu Shing Co Ltd is 8.07 (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 Shin Zu Shing Co Ltd (3376)?
Earnings per share at Shin Zu Shing Co Ltd are 0.6400 TWD (price ÷ EPS = P/E 271.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shin Zu Shing Co Ltd (3376)?
The dividend yield of Shin Zu Shing Co Ltd is 3.2%. 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 Shin Zu Shing Co Ltd (3376)?
The net margin of Shin Zu Shing Co Ltd is 3.0% (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 Shin Zu Shing Co Ltd (3376)?
The return on equity (ROE) of Shin Zu Shing Co Ltd is 0.7% (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 Shin Zu Shing Co Ltd (3376)?
On an EBIT basis the return on assets of Shin Zu Shing Co Ltd is 5.8% (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 Shin Zu Shing Co Ltd (3376)?
The operating margin of Shin Zu Shing Co Ltd is −0.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shin Zu Shing Co Ltd (3376)?
Revenue at Shin Zu Shing Co Ltd is growing −16.1% versus a year earlier (3y avg −3.2%). 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 Shin Zu Shing Co Ltd (3376)?
Earnings per share at Shin Zu Shing Co Ltd are growing −86.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shin Zu Shing Co Ltd (3376) generate?
The free cash flow of Shin Zu Shing Co Ltd is −137M 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 Shin Zu Shing Co Ltd (3376) hold?
Shin Zu Shing Co Ltd holds more cash than debt, 398M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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