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Jhen Vei Electronic Co (3520) Fair Value & Analysis

Technology · TW · Market cap 1.2B TWD

JV Jhen Vei Electronic Co 3520 · TWO
Price18.55 TWD
Fair Value5.84 TWD
Upside-68.5%
Quality50/100
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Mixed Growth
Loss-making · -1.0% net margin
Low debt · negative free cash flow
Trails peers (4/12)
Narrow moat 19/100
Evidence: Medium Range 4.31 TWD – 7.38 TWD Share as image

Fair value as of: Jul 23, 2026

From 15 valuation models · updated 18 days ago

Share price +9.8% over the past month.

A solid business, but screening 69% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (7.38 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

25.54 TWD 11.62 TWD Fair Value 5.84 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 11.62 TWD – 25.54 TWD · fair‑value band 4.31 TWD – 7.38 TWD · the 18.55 TWD price screens above the 5.84 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Jhen Vei Electronic Co (3520) currently trades at 18.55 TWD, while our model-based Fair Value estimate is 5.84 TWD, implying the stock looks roughly 68.5% overvalued today. The Quality Score stands at 50/100 (solid 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, Jhen Vei Electronic Co generated revenue of 1.3B TWD at a net margin of -1.0%. Revenue grew 26.7% year over year. It earns a return on equity of -1.6%. Fundamentals as of Jul 23, 2026

Our scenario range runs from 4.31 TWD (bear case) to 7.38 TWD (bull case); at 18.55 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 9% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -69%, 3520 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
ROIC Compounder 1.33 TWD 1.55 TWD 1.74 TWD 72
Growth-Adj P/E 6.99 TWD 9.98 TWD 12.97 TWD 68
P/E Multiple 6.14 TWD 8.19 TWD 10.23 TWD 63
All 15 models by family
DCF Models
Owner Earnings 6.98 TWD 14.77 TWD 29.21 TWD 31
Earnings-Based
Graham-Dodd 1.99 TWD 13.86 TWD 19.46 TWD 54
Lynch FV 4.67 TWD 6.68 TWD 8.68 TWD 50
PEG = 1.0 4.67 TWD 6.68 TWD 8.68 TWD 46
EPV 1.33 TWD 1.55 TWD 1.74 TWD 59
Multiples
P/E Multiple 6.14 TWD 8.19 TWD 10.23 TWD 63
P/S Multiple 3.73 TWD 4.97 TWD 6.21 TWD 58
P/B Multiple 3.73 TWD 4.97 TWD 6.21 TWD 55
EV/EBIT 4.31 TWD 5.84 TWD 7.38 TWD 53
EV/EBITDA 15.44 TWD 20.68 TWD 25.92 TWD 54
EV/Revenue 2.04 TWD 3.04 TWD 4.03 TWD 43
Asset-Based
NCAV (Graham) 5.94 TWD 7.96 TWD 11.88 TWD 50
Economic Profit
Residual Income 7.95 TWD 7.44 TWD 5.56 TWD 61
ROIC Compounder 1.33 TWD 1.55 TWD 1.74 TWD 72
Growth Earnings
Growth-Adj P/E 6.99 TWD 9.98 TWD 12.97 TWD 68

Widest divergence: DCF Models (14.77 TWD) versus Economic Profit (1.55 TWD). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 1.3B TWD
Revenue growth (YoY) +26.7%
Net margin -1.0%
Return on equity -1.6%
Free cash flow −166M TWD FY2024
Operating margin -2.5%
More key figures
EPS (TTM) -0.1000 TWD

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 48 · Market factors (momentum, volatility) 69

Profitability 27
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 82
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

Jhen Vei Electronic Co., Ltd. engages in the manufacture and sale of wires and cables. The company trades in plug, connectors, socket, computer cable, and electronic components. It also engages in solar power plant construction and renewable energy generation services.

Full company description

Jhen Vei Electronic Co., Ltd. engages in the manufacture and sale of wires and cables. The company trades in plug, connectors, socket, computer cable, and electronic components. It also engages in solar power plant construction and renewable energy generation services. In addition, the company offers glue coating, assembly, and other equipment products; signal cable, power cord cable, rf cable, sata cable, car cable and USB cables. Jhen Vei Electronic Co., Ltd. was founded in 1986 and is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2024 · reported fiscal years

Jhen Vei Electronic Co reported revenue of 1.1B TWD in FY2024 versus 620M TWD in FY2021, a compound +21.0%/yr. Reported net income was 20.1M TWD in FY2024, compounding +44.4%/yr from FY2021.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
1.1B TWD
Latest YoY
+31.3%
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.
+21.0%
Revenue +21.0%/yr
FY21 620M TWD
FY22 1.0B TWD
FY23 836M TWD
FY24 1.1B TWD
Net income +44.4%/yr
FY21 6.7M TWD
FY22 103M TWD
FY23 3.8M TWD
FY24 20.1M TWD

3520 screens 69% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Jhen Vei Electronic Co Fair Value". https://www.fairvalue-calculator.com/stock/3520

Peer Group

Electronic Components · 625 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 50 · Below median
Fair Value upside −69% · Below median
Return on assets -0% · Below median
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) -3% · Bottom 25%
Revenue growth 27% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.29× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.03× · Cheaper than 75% of peers
EV/EBITDA 1.5× · Cheaper than 75% of peers

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 32
PAST 0 · sector 24
HEALTH 86 · sector 95
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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Jhen Vei Electronic Co (3520) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 5.84 TWD versus a price of 18.55 TWD, about −69% (overvalued).
What is the fair value of 3520?
Our model-based fair value for Jhen Vei Electronic Co is 5.84 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 18.55 TWD.
What is the quality score of 3520?
Jhen Vei Electronic Co 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 revenue of Jhen Vei Electronic Co (3520)?
Jhen Vei Electronic Co reported trailing-twelve-month revenue of about 1.3B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3520?
The net profit margin of Jhen Vei Electronic Co is about -1.0%, 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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