Well Shin Technology Co Ltd (3501) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Well Shin Technology Co Ltd TWD 42.18, price TWD 37.90, upside +11.3%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Well Shin Technology Co., Ltd. engages in the manufacture, wholesale, and retail of wire and cable products, electronic components, and electronic materials in Asia, the United States, Europe, and internationally. It offers locking cords, AC power cord sets, AC/DC adapter kits, and AC sockets.
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Well Shin Technology Co., Ltd. engages in the manufacture, wholesale, and retail of wire and cable products, electronic components, and electronic materials in Asia, the United States, Europe, and internationally. It offers locking cords, AC power cord sets, AC/DC adapter kits, and AC sockets. The company also provides AC plugs and connectors, AC plug and connector assemblies, adapters, sockets, power strips, AC/DC power chargers, hardware and terminal products, PVC and rubber wires and cables, halogen free cables, electric vehicle cables and connectors, and other products; smart home and travel kit products; and warehouse leasing services. In addition, it offers its products under the Smartbears, PLUGO, and Conntek brand names. The company was formerly known as Well Shin Enterprise Co., Ltd. and changed its name to Well Shin Technology Co., Ltd. in 2002. Well Shin Technology Co., Ltd. was founded in 1986 and is headquartered in Taipei, Taiwan.
Stock analysis
Well Shin Technology Co Ltd (3501) currently trades at 37.90 TWD, while our model-based Fair Value estimate is 42.18 TWD, implying the stock looks roughly 10.1% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 61.01 TWD per share, and 9 of the 14 models we run sit above the 37.90 TWD price.
Bear case: the Earnings-Based group reads lowest at 30.78 TWD, and 5 of the 14 models stay below the price. Evidence for this calculation is high.
Scenario range: 33.34 TWD (bear) to 42.18 TWD (bull), the price of 37.90 TWD sits inside 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 50/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Well Shin Technology Co Ltd reported revenue of 5.5B TWD in FY2025 versus 5.6B TWD in FY2021, a compound −0.2%/yr. Reported net income was 354M TWD in FY2025, compounding +0.7%/yr from FY2021.
Key figures
Market cap 4.5B TWD (≈ $141M) · P/E ratio 12.7 · P/S ratio 0.81 · EPS (TTM) 2.98 TWD · Dividend yield 5.3% · Net margin 6.4% · Return on equity 3.1% · Return on assets (EBIT) 7.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at 11%, 3501 screens cheaper than that median.
Fair Value models
Bear 33.34 TWDFair Value 42.18 TWDBull 42.18 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 (0.7196 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.21/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−6.5%
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.
−3.5%
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.
+3.5%
Start year 2020 (pandemic). Over 10 years: +0.2% a year
Revenue growth 17 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.
+0.3%
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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.
+1.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.4%
Dividend (yield on the price)5.3%
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.−3% vs −7%, 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.12% → 8%
Compare Well Shin Technology Co Ltd with another stock
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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.Electrical Equipment & Parts · 552 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+11% · Top 25%
Profitability
Return on equity (TTM)3% · Below median
Return on assets2% · Below median
Net margin (TTM)4% · Below median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth−14% · Bottom 25%
Dividend yield (TTM)5.3% · Top 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
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). "Well Shin Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3501
Frequently asked questions
Is Well Shin Technology Co Ltd (3501) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 42.18 TWD versus a price of 37.90 TWD, about +11% upside (undervalued).
What is the fair value of 3501?
Our model-based fair value for Well Shin Technology Co Ltd is 42.18 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 37.90 TWD.
What is the quality score of 3501?
Well Shin Technology Co Ltd 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 price target for Well Shin Technology Co Ltd (3501)?
Our model-based price target is the fair value of 42.18 TWD (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 33.34 TWD, optimistic scenario 42.18 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Well Shin Technology Co Ltd stock forecast for 2026?
Our models put fair value at 42.18 TWD, about +11% upside versus a price of 37.90 TWD (undervalued). Cautious scenario 33.34 TWD, optimistic scenario 42.18 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Well Shin Technology Co Ltd (3501)?
Well Shin Technology Co Ltd reported trailing-twelve-month revenue of about 5.3B TWD (latest available figure, as of Sep 24, 2026).
Does Well Shin Technology Co Ltd pay a dividend?
Well Shin Technology Co Ltd currently shows a dividend yield of about 5.28% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Well Shin Technology Co Ltd (3501)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Well Shin Technology Co Ltd it is 42.18 TWD per share (as of Sep 24, 2026), against a price of 37.90 TWD. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Well Shin Technology Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3501 trades below its calculated fair value: price 37.90 TWD, fair value 42.18 TWD, a gap of about +11% (undervalued). 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 3501?
No. The price is what the market pays today (37.90 TWD); the fair value is what the company's own numbers justify (42.18 TWD). For Well Shin Technology Co Ltd the two are 4.28 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Well Shin Technology Co Ltd worth?
The market values Well Shin Technology Co Ltd at about 4.5B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 37.90 TWD; our models calculate a fair value of 42.18 TWD per share.
What do the bullish and bearish scenarios say about 3501?
Our models span a range for Well Shin Technology Co Ltd: cautious scenario 33.34 TWD, base 42.18 TWD, optimistic 42.18 TWD per share (as of Sep 24, 2026, price 37.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3501?
Well Shin Technology Co Ltd trades at a price-to-earnings ratio of 12.7 (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 42.18 TWD is built from several models across several years. Other multiples: P/B 0.6, P/S 0.8, EV/EBITDA 6.4.
How solid is the balance sheet of Well Shin Technology Co Ltd (3501)?
Balance-sheet figures for Well Shin Technology Co Ltd (as of Sep 24, 2026): return on equity 3.1%, debt of 0.01 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 3501 from its 52-week high?
Well Shin Technology Co Ltd trades at 37.90 TWD, about 35% below its 52-week high of 58.00 TWD and at the low of 37.90 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 42.18 TWD is for.
Which stocks are comparable to Well Shin Technology Co Ltd?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Prysmian S.p.A, 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 Well Shin Technology Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 37.90 TWD, calculated fair value 42.18 TWD (+11%), Quality Score 50/100, from 14 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 3501 calculated?
We run Well Shin Technology Co Ltd through 14 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 42.18 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 13.2 % above its aggregate fair value. Well Shin Technology Co Ltd currently trades 11 % below its own fair value, and the market average says nothing about that. 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 Well Shin Technology Co Ltd (3501)?
The closing price on Sep 24, 2026 was 37.90 TWD. Our model-based fair value is 42.18 TWD, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Well Shin Technology Co Ltd right now?
The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Well Shin Technology Co Ltd (3501) come from?
Earnings per share at Well Shin Technology Co Ltd grew −2.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.7 %, EBIT margin −1.9 %, tax rate −0.3 %, residual (interest, one-offs) −0.5 %. 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 Well Shin Technology Co Ltd
How large is the market capitalisation of Well Shin Technology Co Ltd (3501)?
The market capitalisation of Well Shin Technology Co Ltd is 4.5B TWD (≈ $141M). 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 Well Shin Technology Co Ltd (3501)?
The price-to-sales ratio of Well Shin Technology Co Ltd is 0.81 (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 Well Shin Technology Co Ltd (3501)?
Earnings per share at Well Shin Technology Co Ltd are 2.98 TWD (price ÷ EPS = P/E 12.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Well Shin Technology Co Ltd (3501)?
The dividend yield of Well Shin Technology Co Ltd is 5.3% (payout 67.1%). 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 Well Shin Technology Co Ltd (3501)?
The net margin of Well Shin Technology Co Ltd is 6.4% (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 Well Shin Technology Co Ltd (3501)?
The return on equity (ROE) of Well Shin Technology Co Ltd is 3.1% (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 Well Shin Technology Co Ltd (3501)?
On an EBIT basis the return on assets of Well Shin Technology Co Ltd is 7.4% (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 Well Shin Technology Co Ltd (3501)?
The operating margin of Well Shin Technology Co Ltd is 2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Well Shin Technology Co Ltd (3501)?
Revenue at Well Shin Technology Co Ltd is growing −13.8% versus a year earlier (3y avg −3.5%). 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 Well Shin Technology Co Ltd (3501)?
Earnings per share at Well Shin Technology Co Ltd are growing −89.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Well Shin Technology Co Ltd (3501) generate?
The free cash flow of Well Shin Technology Co Ltd is −371M 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 Well Shin Technology Co Ltd (3501) hold?
Well Shin Technology Co Ltd holds more cash than debt, 857M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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