Skardin Industrial (3466) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Skardin Industrial TWD 13.34, price TWD 23.90, upside -44.2%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Skardin Industrial Corporation, a consumer electronics manufacturing company, manufactures, supplies, and exports digital set-top box and broadband industry solutions in Taiwan, Peru, Chile, Ecuador, Uruguay, Argentina, and internationally. It operates through two segments, Satellite Television Division and Renewable Energy Division.
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Skardin Industrial Corporation, a consumer electronics manufacturing company, manufactures, supplies, and exports digital set-top box and broadband industry solutions in Taiwan, Peru, Chile, Ecuador, Uruguay, Argentina, and internationally. It operates through two segments, Satellite Television Division and Renewable Energy Division. The company offers satellite television reception systems. It also engaged in the development of renewable energy projects and project management. In addition, it offers energy storage device and its components, setup box related products, electronic products, and electricity sales. Skardin Industrial Corporation formerly known as Zhizhen Enterprise Co., Ltd. The company was incorporated in 1982 and is based in New Taipei City, Taiwan.
Stock analysis
Skardin Industrial (3466) currently trades at 23.90 TWD, while our model-based Fair Value estimate is 13.34 TWD, implying the stock looks roughly 79.2% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 16.71 TWD per share, and 0 of the 6 models we run sit above the 23.90 TWD price.
Bear case: the Asset-Based group reads lowest at 12.50 TWD, and 6 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 12.46 TWD (bear) to 14.95 TWD (bull), the price of 23.90 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 37/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Skardin Industrial reported revenue of 76.7M TWD in FY2025 versus 1.0B TWD in FY2021, a compound −47.9%/yr. Reported net income was −81.8M TWD in FY2025.
Key figures
Market cap 1.9B TWD (≈ $58.5M) · P/S ratio 11.0 · EPS (TTM) −0.8300 TWD · Net margin −107% · Return on equity −4.7% · Return on assets (EBIT) −6.6% · Operating margin −41.6% · Revenue (TTM) 176M TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 51% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −44%, 3466 screens cheaper than that median.
Fair Value models
Bear 12.46 TWDFair Value 13.34 TWDBull 14.95 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.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.17/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−72.5%
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.
−59.6%
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.
−40.3%
Start year 2020 (pandemic)
Revenue growth 8 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.
−33.7%
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Profit margin (trend) ⓘ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.
−15.1% (2020) → −247.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+21.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +19.7% a year for the price.
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.Communication Equipment · 316 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−45% · Below median
Profitability
Return on assets−4% · Bottom 25%
Net margin (TTM)−38% · Bottom 25%
Operating margin (TTM)−42% · Bottom 25%
Growth and dividend
Revenue growth216% · Top 25%
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/S (TTM)0.34× · Cheapest 25%
P/FCF1.1× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 37
PAST (return on equity)0· sector 15
HEALTH (low debt)97· sector 98
DIVIDEND (yield)0· sector 23
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). "Skardin Industrial Fair Value". https://www.fairvalue-calculator.com/stock/3466
Frequently asked questions
Is Skardin Industrial (3466) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 13.34 TWD versus a price of 23.90 TWD, about −44% upside (overvalued).
What is the fair value of 3466?
Our model-based fair value for Skardin Industrial is 13.34 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 23.90 TWD.
What is the quality score of 3466?
Skardin Industrial has a Quality Score of 37/100. 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 Skardin Industrial (3466)?
Our model-based price target is the fair value of 13.34 TWD (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 12.46 TWD, optimistic scenario 14.95 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Skardin Industrial stock forecast for 2026?
Our models put fair value at 13.34 TWD, about −44% upside versus a price of 23.90 TWD (overvalued). Cautious scenario 12.46 TWD, optimistic scenario 14.95 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Skardin Industrial (3466)?
Skardin Industrial reported trailing-twelve-month revenue of about 176M TWD (latest available figure, as of Sep 24, 2026).
What growth is priced into Skardin Industrial (3466)?
For today's price to be fair in a discounted-cash-flow model, Skardin Industrial would have to grow free cash flow by +21.5 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -40.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3466 use?
Our models discount Skardin Industrial at 11.8 %: a base by market capitalisation (micro), damped by beta 0.32, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Skardin Industrial that is +21.5 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Skardin Industrial (3466) delivered so far?
Over the past 5 years revenue at Skardin Industrial grew -40.3 % a year. The price currently implies +21.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Skardin Industrial (3466) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Skardin Industrial (+21.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Skardin Industrial (3466)?
The free-cash-flow yield on the price is 2.83 %: that much free cash flow Skardin Industrial produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Skardin Industrial (3466)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Skardin Industrial it is 13.34 TWD per share (as of Sep 24, 2026), against a price of 23.90 TWD. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Skardin Industrial stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3466 trades above its calculated fair value: price 23.90 TWD, fair value 13.34 TWD, a gap of about −44% (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 3466?
No. The price is what the market pays today (23.90 TWD); the fair value is what the company's own numbers justify (13.34 TWD). For Skardin Industrial the two are 10.56 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Skardin Industrial worth?
The market values Skardin Industrial at about 1.9B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 23.90 TWD; our models calculate a fair value of 13.34 TWD per share.
What do the bullish and bearish scenarios say about 3466?
Our models span a range for Skardin Industrial: cautious scenario 12.46 TWD, base 13.34 TWD, optimistic 14.95 TWD per share (as of Sep 24, 2026, price 23.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Skardin Industrial (3466)?
Balance-sheet figures for Skardin Industrial (as of Sep 24, 2026): return on equity −4.7%, debt of 0.07 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 3466 from its 52-week high?
Skardin Industrial trades at 23.90 TWD, about 51% below its 52-week high of 49.05 TWD and at the low of 23.80 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 13.34 TWD is for.
Which stocks are comparable to Skardin Industrial?
From the same area (Technology) we also value Cisco Systems, Inc, Zhongji Innolight Co, Foxconn Industrial Internet Co, Eoptolink Technology Inc, 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 Skardin Industrial stock attractive at the current price?
The data as of Sep 24, 2026: price 23.90 TWD, calculated fair value 13.34 TWD (−44%), Quality Score 37/100, from 6 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 3466 calculated?
We run Skardin Industrial through 6 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 13.34 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 13.0 % above its aggregate fair value. Skardin Industrial 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 Skardin Industrial (3466)?
The closing price on Sep 24, 2026 was 23.90 TWD. Our model-based fair value is 13.34 TWD, about −44% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Skardin Industrial right now?
The price sits above even our optimistic bull case (14.95 TWD). The favourable scenario is already priced in. Weak quality (37/100) 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.
Key figures of Skardin Industrial
How large is the market capitalisation of Skardin Industrial (3466)?
The market capitalisation of Skardin Industrial is 1.9B TWD (≈ $58.5M). 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 Skardin Industrial (3466)?
The price-to-sales ratio of Skardin Industrial is 11.0 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Skardin Industrial (3466)?
Earnings per share at Skardin Industrial are −0.8300 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Skardin Industrial (3466)?
The net margin of Skardin Industrial is −107% (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 Skardin Industrial (3466)?
The return on equity (ROE) of Skardin Industrial is −4.7% (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 Skardin Industrial (3466)?
On an EBIT basis the return on assets of Skardin Industrial is −6.6% (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 Skardin Industrial (3466)?
The operating margin of Skardin Industrial is −41.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Skardin Industrial (3466)?
Revenue at Skardin Industrial is growing +216% versus a year earlier (3y avg −59.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Skardin Industrial (3466) carry?
The net debt of Skardin Industrial is 240M TWD (fiscal year 2024, ≈ 4.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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