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Shih Her Technologies Inc (3551) Fair Value & Analysis

Technology · TW · Market cap 11.5B TWD

SH Shih Her Technologies Inc 3551 · TWO
Price179.00 TWD
Fair Value88.24 TWD
Upside-50.7%
Quality44/100
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Expensive Growth
Solidly profitable · 16.4% net margin
Low debt · negative free cash flow
2.50% dividend yield
Ranks above peers (11/13)
Moderate moat 56/100
Evidence: High Range 70.56 TWD – 129.01 TWD Share as image

Fair value as of: Jul 23, 2026

From 17 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 88.54 TWD to 88.24 TWD (−0.3%) since Jul 9, 2026. Share price −10.1% over the past month.

Below-average quality, and screening another 51% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (129.01 TWD). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (70.56 TWD to 129.01 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

225.00 TWD 40.10 TWD Fair Value 88.24 TWD Mar 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 40.10 TWD – 225.00 TWD · fair‑value band 70.56 TWD – 129.01 TWD · the 179.00 TWD price screens above the 88.24 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Shih Her Technologies Inc (3551) currently trades at 179.00 TWD, while our model-based Fair Value estimate is 88.24 TWD, implying the stock looks roughly 50.7% overvalued today. The Quality Score stands at 44/100 (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: high).

Over the trailing twelve months, Shih Her Technologies Inc generated revenue of 3.1B TWD at a net margin of 16.4%. Revenue grew 19.1% year over year. It earns a return on equity of 11.3%. The balance sheet holds a net cash position of 175M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 70.56 TWD (bear case) to 129.01 TWD (bull case); at 179.00 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 24% below its 52-week high and 29% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -51%, 3551 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
Residual Income 69.40 TWD 76.87 TWD 116.00 TWD 76
ROIC Compounder 72.54 TWD 87.42 TWD 112.78 TWD 72
Gordon GGM 28.44 TWD 59.13 TWD 93.80 TWD 70
All 17 models by family
DCF Models
Owner Earnings 106.63 TWD 174.27 TWD 284.61 TWD 31
Earnings-Based
Graham-Dodd 52.79 TWD 204.80 TWD 277.75 TWD 54
Lynch FV 50.21 TWD 71.73 TWD 93.25 TWD 50
PEG = 1.0 50.21 TWD 71.73 TWD 93.25 TWD 46
EPV 72.54 TWD 83.45 TWD 92.99 TWD 59
Dividend Discount
Gordon GGM 28.44 TWD 59.13 TWD 93.80 TWD 70
DDM Multi-Stage 28.44 TWD 49.86 TWD 62.05 TWD 61
Multiples
P/E Multiple 116.45 TWD 155.27 TWD 194.09 TWD 63
P/S Multiple 90.87 TWD 121.16 TWD 151.44 TWD 58
P/B Multiple 98.98 TWD 131.98 TWD 164.97 TWD 55
EV/EBIT 121.72 TWD 159.92 TWD 198.12 TWD 53
EV/EBITDA 135.28 TWD 178.00 TWD 220.72 TWD 54
EV/Revenue 84.37 TWD 117.47 TWD 150.58 TWD 43
Asset-Based
NCAV (Graham) 39.62 TWD 53.10 TWD 79.25 TWD 50
Economic Profit
Residual Income 69.40 TWD 76.87 TWD 116.00 TWD 76
ROIC Compounder 72.54 TWD 87.42 TWD 112.78 TWD 72
Growth Earnings
Growth-Adj P/E 87.66 TWD 125.23 TWD 162.80 TWD 68

Widest divergence: DCF Models (174.27 TWD) versus Dividend Discount (49.86 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 3.1B TWD
Revenue growth (YoY) +19.1%
Net margin 16.4%
Return on equity 11.3%
Free cash flow −572M TWD FY2025
P/E ratio 22.6
More key figures
Operating margin 20.3%
EPS (TTM) 8.28 TWD
Dividend yield 2.5%
EPS growth (YoY) +12.3%
Net cash 175M TWD FY2023

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

Quality Score breakdown

Overall quality 44/100

Of which business quality 43 · Market factors (momentum, volatility) 45

Profitability 46
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 31
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

Shih Her Technologies Inc. provides precision clean and reborn treatment for semiconductor, photoelectricity, and solar energy's manufacturing equipment parts. The company was founded in 1977 and is headquartered in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shih Her Technologies Inc reported revenue of 3.0B TWD in FY2025 versus 2.1B TWD in FY2021, a compound +8.8%/yr. Reported net income was 479M TWD in FY2025, compounding +4.2%/yr from FY2021.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.0B TWD
Latest YoY
+16.2%
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.
+7.7%
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.
+7.7%
Avg. growth/yr (16Y) 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.
+8.6%
Revenue +8.8%/yr
FY21 2.1B TWD
FY22 2.4B TWD
FY23 2.3B TWD
FY24 2.6B TWD
FY25 3.0B TWD
Net income +4.2%/yr
FY21 407M TWD
FY22 363M TWD
FY23 314M TWD
FY24 373M TWD
FY25 479M TWD
Character of growth · EPS growth decomposed (2012-2023) +4.2 % p.a.
Revenue per share +5.7 pp

of which total revenue +5.6 pp · buybacks/dilution +0.1 pp

EBIT margin −1.3 pp
Tax rate −0.3 pp
Residual (interest, one-offs) +0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

3551 screens 51% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "Shih Her Technologies Inc Fair Value". https://www.fairvalue-calculator.com/stock/3551

Peer Group

Semiconductor Equipment & Materials · 212 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 44 · Bottom 25%
Fair Value upside −51% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 6% · Above median
Net margin (TTM) 16% · Above median
Operating margin (TTM) 20% · Above median
Revenue growth 19% · Above median
Dividend yield (TTM) 2.5% · Top 25%
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 22.6× · Cheaper than 75% of peers
P/B 2.36× · Cheaper than median
P/S (TTM) 3.70× · Cheaper than median
EV/EBITDA 13.3× · 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 96 · sector 58
PAST 45 · sector 30
HEALTH 95 · sector 96
DIVIDEND 50 · sector 16

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is Shih Her Technologies Inc (3551) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 88.24 TWD versus a price of 179.00 TWD, about −51% (overvalued).
What is the fair value of 3551?
Our model-based fair value for Shih Her Technologies Inc is 88.24 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 179.00 TWD.
What is the quality score of 3551?
Shih Her Technologies Inc has a Quality Score of 44/100. 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 Shih Her Technologies Inc (3551)?
Shih Her Technologies Inc reported trailing-twelve-month revenue of about 3.1B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3551?
The net profit margin of Shih Her Technologies Inc is about 16.4%, meaning it keeps roughly 16.4% of revenue as net income. 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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