Eclat Forever Machinery Co., Ltd. (3485) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Eclat Forever Machinery Co., Ltd. TWD 67.78, price TWD 200, upside -66.1%, quality 75 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Eclat Forever Machinery Co., Ltd. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
Eclat Forever Machinery Co., Ltd. engages in the manufacture and sale of printed circuit board process machinery and equipment, liquid crystal displays, IC flip chip substrate FCBGA peripheral equipment and automation machinery, and equipment in Taiwan and internationally.
Show more
Eclat Forever Machinery Co., Ltd. engages in the manufacture and sale of printed circuit board process machinery and equipment, liquid crystal displays, IC flip chip substrate FCBGA peripheral equipment and automation machinery, and equipment in Taiwan and internationally. The company offers wet process production equipment, such as display manufacturing wet process equipment, horizontal wet process for high-end carriers, and vertical wet process equipment for high-end carrier plates; and design concept, film peeling and bonding solutions, glass and film roll-to-roll lamination solutions, MLO mechanical stripping and removal solution, and high-viscosity PI FILM peeling equipment. It also provides automated production equipment design concept, automated equipment for substrates, and automated coating solutions; and exposure machine design concept and high-precision UV LED exposure machine. In addition, it offers design, maintenance and related technical services for various products comprising precision circuit board manufacturing machinery and equipment, liquid crystal display manufacturing machinery and equipment, and semiconductor related manufacturing machinery and equipment. The company was founded in 1994 and is headquartered in Taoyuan City, Taiwan.
Stock analysis
Eclat Forever Machinery Co., Ltd. (3485) currently trades at 200.00 TWD, while our model-based Fair Value estimate is 67.78 TWD, implying the stock looks roughly 195.1% overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 92.93 TWD per share, and 0 of the 24 models we run sit above the 200.00 TWD price.
Bear case: the Asset-Based group reads lowest at 22.94 TWD, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 51.04 TWD (bear) to 89.45 TWD (bull), the price of 200.00 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 75/100 (high quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Eclat Forever Machinery Co., Ltd. reported revenue of 549M TWD in FY2025 versus 578M TWD in FY2021, a compound −1.3%/yr. Reported net income was 202M TWD in FY2025, compounding +14.1%/yr from FY2021.
Key figures
Market cap 9.3B TWD (≈ $292M) · P/E ratio 34.2 · P/S ratio 12.6 · EPS (TTM) 5.85 TWD · Dividend yield 2.5% · Net margin 36.8% · Return on equity 13.1% · Return on assets (EBIT) 12.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
The share trades about 48% below its 52-week high and 170% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at −66%, 3485 screens richer than that median.
Fair Value models
Bear 51.04 TWDFair Value 67.78 TWDBull 89.45 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 (0.5749 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.91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+1.8%
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.
+17.7%
Revenue growth 15 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.
+13.0%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+28.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.4%
Dividend (yield on the price)2.5%
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 22%, picking up
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.20% → 41%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 1.2%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+44.9%
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 +42.7% a year for the price.
Compare Eclat Forever Machinery Co., Ltd. with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Specialty Industrial Machinery · 828 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside−66% · Bottom 25%
Profitability
Return on equity (TTM)13% · Top 25%
Return on assets9% · Top 25%
Net margin (TTM)33% · Top 25%
Operating margin (TTM)39% · Top 25%
Growth and dividend
Revenue growth−7% · Below median
Dividend yield (TTM)2.5% · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (TTM)34.2× · Pricier than median
P/B7.01× · Priciest 25%
P/S (TTM)17.18× · Priciest 25%
P/FCF4.0× · Cheaper than median
EV/EBITDA35.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 22
PAST (return on equity)53· sector 28
HEALTH (low debt)0· sector 96
DIVIDEND (yield)51· 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.
Is Eclat Forever Machinery Co., Ltd. (3485) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 67.78 TWD versus a price of 200.00 TWD, about −66% upside (overvalued).
What is the fair value of 3485?
Our model-based fair value for Eclat Forever Machinery Co., Ltd. is 67.78 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 200.00 TWD.
What is the quality score of 3485?
Eclat Forever Machinery Co., Ltd. has a Quality Score of 75/100. 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 Eclat Forever Machinery Co., Ltd. (3485)?
Our model-based price target is the fair value of 67.78 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 51.04 TWD, optimistic scenario 89.45 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Eclat Forever Machinery Co., Ltd. stock forecast for 2026?
Our models put fair value at 67.78 TWD, about −66% upside versus a price of 200.00 TWD (overvalued). Cautious scenario 51.04 TWD, optimistic scenario 89.45 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Eclat Forever Machinery Co., Ltd. (3485)?
Eclat Forever Machinery Co., Ltd. reported trailing-twelve-month revenue of about 539M TWD (latest available figure, as of Sep 24, 2026).
Does Eclat Forever Machinery Co., Ltd. pay a dividend?
Eclat Forever Machinery Co., Ltd. currently shows a dividend yield of about 2.53% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Eclat Forever Machinery Co., Ltd. (3485)?
For today's price to be fair in a discounted-cash-flow model, Eclat Forever Machinery Co., Ltd. would have to grow free cash flow by +44.9 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3485 use?
Our models discount Eclat Forever Machinery Co., Ltd. at 12.7 %: a base by market capitalisation (micro), damped by beta 0.81, 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 Eclat Forever Machinery Co., Ltd. that is +44.9 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Eclat Forever Machinery Co., Ltd. (3485) delivered so far?
Over the past 5 years revenue at Eclat Forever Machinery Co., Ltd. grew +9.3 % a year. The price currently implies +44.9 % 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 Eclat Forever Machinery Co., Ltd. (3485) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Eclat Forever Machinery Co., Ltd. (+44.9 % 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 Eclat Forever Machinery Co., Ltd. (3485)?
The free-cash-flow yield on the price is 1.08 %: that much free cash flow Eclat Forever Machinery Co., Ltd. produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Eclat Forever Machinery Co., Ltd. (3485)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Eclat Forever Machinery Co., Ltd. it is 67.78 TWD per share (as of Sep 24, 2026), against a price of 200.00 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Eclat Forever Machinery Co., Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3485 trades above its calculated fair value: price 200.00 TWD, fair value 67.78 TWD, a gap of about −66% (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 3485?
No. The price is what the market pays today (200.00 TWD); the fair value is what the company's own numbers justify (67.78 TWD). For Eclat Forever Machinery Co., Ltd. the two are 132.22 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Eclat Forever Machinery Co., Ltd. worth?
The market values Eclat Forever Machinery Co., Ltd. at about 9.3B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 200.00 TWD; our models calculate a fair value of 67.78 TWD per share.
What do the bullish and bearish scenarios say about 3485?
Our models span a range for Eclat Forever Machinery Co., Ltd.: cautious scenario 51.04 TWD, base 67.78 TWD, optimistic 89.45 TWD per share (as of Sep 24, 2026, price 200.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3485?
Eclat Forever Machinery Co., Ltd. trades at a price-to-earnings ratio of 34.2 (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 67.78 TWD is built from several models across several years. Other multiples: P/B 7.0, P/S 17.2, EV/EBITDA 35.5.
How solid is the balance sheet of Eclat Forever Machinery Co., Ltd. (3485)?
Balance-sheet figures for Eclat Forever Machinery Co., Ltd. (as of Sep 24, 2026): return on equity 13.1%. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is 3485 from its 52-week high?
Eclat Forever Machinery Co., Ltd. trades at 200.00 TWD, about 48% below its 52-week high of 386.50 TWD and 170% above the low of 74.20 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 67.78 TWD is for.
Which stocks are comparable to Eclat Forever Machinery Co., Ltd.?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Eclat Forever Machinery Co., Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 200.00 TWD, calculated fair value 67.78 TWD (−66%), Quality Score 75/100, from 24 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 3485 calculated?
We run Eclat Forever Machinery Co., Ltd. through 24 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 67.78 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. Eclat Forever Machinery 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 Eclat Forever Machinery Co., Ltd. (3485)?
The closing price on Sep 24, 2026 was 200.00 TWD. Our model-based fair value is 67.78 TWD, about −66% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Eclat Forever Machinery Co., Ltd. right now?
A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (89.45 TWD). The favourable scenario is already priced in.
Where does the earnings growth of Eclat Forever Machinery Co., Ltd. (3485) come from?
Earnings per share at Eclat Forever Machinery Co., Ltd. grew +10.9 % a year from 2013 to 2024. Broken into its drivers: revenue per share −0.5 %, EBIT margin +12.2 %, tax rate −0.6 %, residual (interest, one-offs) −0.1 %. 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 Eclat Forever Machinery Co., Ltd.
How large is the market capitalisation of Eclat Forever Machinery Co., Ltd. (3485)?
The market capitalisation of Eclat Forever Machinery Co., Ltd. is 9.3B TWD (≈ $292M). 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 Eclat Forever Machinery Co., Ltd. (3485)?
The price-to-sales ratio of Eclat Forever Machinery Co., Ltd. is 12.6 (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 Eclat Forever Machinery Co., Ltd. (3485)?
Earnings per share at Eclat Forever Machinery Co., Ltd. are 5.85 TWD (price ÷ EPS = P/E 34.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Eclat Forever Machinery Co., Ltd. (3485)?
The dividend yield of Eclat Forever Machinery Co., Ltd. is 2.5% (payout 86.6%). 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 Eclat Forever Machinery Co., Ltd. (3485)?
The net margin of Eclat Forever Machinery Co., Ltd. is 36.8% (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 Eclat Forever Machinery Co., Ltd. (3485)?
The return on equity (ROE) of Eclat Forever Machinery Co., Ltd. is 13.1% (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 Eclat Forever Machinery Co., Ltd. (3485)?
On an EBIT basis the return on assets of Eclat Forever Machinery Co., Ltd. is 12.6% (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 Eclat Forever Machinery Co., Ltd. (3485)?
The operating margin of Eclat Forever Machinery Co., Ltd. is 38.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Eclat Forever Machinery Co., Ltd. (3485)?
Revenue at Eclat Forever Machinery Co., Ltd. is growing −6.9% versus a year earlier (3y avg −10.4%). 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 Eclat Forever Machinery Co., Ltd. (3485)?
Earnings per share at Eclat Forever Machinery Co., Ltd. are growing −29.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Eclat Forever Machinery Co., Ltd. (3485) hold?
Eclat Forever Machinery Co., Ltd. holds more cash than debt, 1.1B TWD net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Eclat Forever Machinery Co., Ltd. in the live analysis
One click puts Eclat Forever Machinery Co., Ltd. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
