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Skardin Industrial Corporation (3466) Fair Value & Analysis

Technology · TW · Market cap 2.3B TWD

SI Skardin Industrial Corporation 3466 · TWO
Price25.85 TWD
Fair Value13.01 TWD
Upside-49.7%
Quality37/100
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Weak Growth
Loss-making · -35.6% net margin
Low debt · generates free cash flow
Trails peers (4/11)
Narrow moat 11/100
Evidence: Medium Range 12.31 TWD – 13.01 TWD Share as image

Fair value as of: Jul 21, 2026

From 8 valuation models · updated 20 days ago

Share price −22.4% over the past month.

Below-average quality, and screening another 50% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (13.01 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 models converge in a tight band (12.31 TWD to 13.01 TWD), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

100.50 TWD 10.00 TWD Fair Value 13.01 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 10.00 TWD – 100.50 TWD · fair‑value band 12.31 TWD – 13.01 TWD · the 25.85 TWD price screens above the 13.01 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

Skardin Industrial Corporation (3466) currently trades at 25.85 TWD, while our model-based Fair Value estimate is 13.01 TWD, implying the stock looks roughly 49.7% overvalued today. The Quality Score stands at 37/100 (below-average 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: medium).

Over the trailing twelve months, Skardin Industrial Corporation generated revenue of 118M TWD at a net margin of -35.6%. It earns a return on equity of -2.9%. Net debt stands at 240M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 12.31 TWD (bear case) to 13.01 TWD (bull case); at 25.85 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 50% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -50%, 3466 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
Growth DCF 16.24 TWD 18.44 TWD 22.09 TWD 80
Gordon GGM 3.24 TWD 3.53 TWD 3.98 TWD 70
DDM Multi-Stage 3.24 TWD 4.01 TWD 5.05 TWD 61
All 8 models by family
DCF Models
FCF DCF 15.97 TWD 18.26 TWD 22.37 TWD 38
5Y Revenue Exit 13.16 TWD 14.03 TWD 15.27 TWD 39
10Y Revenue Exit 14.22 TWD 14.95 TWD 15.67 TWD 36
Dividend Discount
Gordon GGM 3.24 TWD 3.53 TWD 3.98 TWD 70
DDM Multi-Stage 3.24 TWD 4.01 TWD 5.05 TWD 61
Multiples
EV/Revenue 11.44 TWD 12.18 TWD 12.92 TWD 43
Asset-Based
NCAV (Graham) 9.33 TWD 12.50 TWD 18.65 TWD 50
Growth DCF
Growth DCF 16.24 TWD 18.44 TWD 22.09 TWD 80

Widest divergence: Growth DCF (18.44 TWD) versus Dividend Discount (3.53 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 118M TWD
Revenue growth (YoY) +391%
Net margin -35.6%
Return on equity -2.9%
Free cash flow 52.6M TWD FY2025
Operating margin -68.0%
More key figures
EPS (TTM) -1.11 TWD
Net debt 240M TWD FY2024

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

Quality Score breakdown

Overall quality 37/100

Of which business quality 45 · Market factors (momentum, volatility) 21

Profitability 0
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Skardin Industrial Corporation 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.

Growth Quality 17/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
76.7M TWD
Latest YoY
−72.5%
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.
−59.6%
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.
−40.3%
Avg. growth/yr (8Y) 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.
−33.7%
Revenue −47.9%/yr
FY21 1.0B TWD
FY22 1.2B TWD
FY23 782M TWD
FY24 279M TWD
FY25 76.7M TWD
Net income
FY21 −79.6M TWD
FY22 4.2M TWD
FY23 −184M TWD
FY24 −158M TWD
FY25 −81.8M TWD

3466 screens 50% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "Skardin Industrial Corporation Fair Value". https://www.fairvalue-calculator.com/stock/3466

Peer Group

Communication Equipment · 286 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 37 · Bottom 25%
Fair Value upside −50% · Below median
Return on assets -1% · Below median
Net margin (TTM) -36% · Bottom 25%
Operating margin (TTM) -68% · Bottom 25%
Revenue growth 391% · Top 25%
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.60× · Cheaper than median
P/FCF 1.4× · 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 30
PAST 0 · sector 15
HEALTH 97 · sector 98
DIVIDEND 0 · 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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is Skardin Industrial Corporation (3466) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 13.01 TWD versus a price of 25.85 TWD, about −50% (overvalued).
What is the fair value of 3466?
Our model-based fair value for Skardin Industrial Corporation is 13.01 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 25.85 TWD.
What is the quality score of 3466?
Skardin Industrial Corporation 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 revenue of Skardin Industrial Corporation (3466)?
Skardin Industrial Corporation reported trailing-twelve-month revenue of about 118M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3466?
The net profit margin of Skardin Industrial Corporation is about -35.6%, 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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