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ETREND Hightech Corp (3567) Fair Value & Analysis

Technology · TW · Market cap 935M TWD

EH ETREND Hightech Corp 3567 · TWO
Price26.30 TWD
Fair Value31.70 TWD
Upside+20.5%
Quality66/100
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Weak Growth
Solidly profitable · 11.7% net margin
Low debt · generates free cash flow
3.60% dividend yield
Ranks above peers (11/14)
Narrow moat 40/100
Evidence: High Range 23.78 TWD – 39.63 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 21.29 TWD to 31.70 TWD (+48.9%) since Jul 9, 2026. Share price −9.4% over the past month.

A solid business, screening 21% undervalued on our models.

What matters now

  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 23.78 TWD (bear) to 39.63 TWD (bull), base 31.70 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 66/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

48.75 TWD 21.81 TWD Fair Value 31.70 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 21.81 TWD – 48.75 TWD · fair‑value band 23.78 TWD – 39.63 TWD · the 26.30 TWD price screens below the 31.70 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

ETREND Hightech Corp (3567) currently trades at 26.30 TWD, while our model-based Fair Value estimate is 31.70 TWD, implying the stock looks roughly 20.5% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, ETREND Hightech Corp generated revenue of 276M TWD at a net margin of 11.7%. Revenue declined 6.9% year over year. It earns a return on equity of 5.4%. The balance sheet holds a net cash position of 130M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 23.78 TWD (bear case) to 39.63 TWD (bull case); at 26.30 TWD, the current price sits within 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 22% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 21%, 3567 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 16.18 TWD 19.55 TWD 24.75 TWD 80
Residual Income 12.85 TWD 13.22 TWD 12.86 TWD 76
Rev-Margin DCF 15.11 TWD 20.04 TWD 26.12 TWD 74
All 24 models by family
DCF Models
FCF DCF 15.81 TWD 19.35 TWD 25.30 TWD 38
Owner Earnings 17.85 TWD 22.01 TWD 29.00 TWD 31
5Y Revenue Exit 15.11 TWD 19.73 TWD 26.44 TWD 39
5Y EBITDA Exit 22.84 TWD 33.10 TWD 46.67 TWD 41
5Y P/E Exit 16.93 TWD 22.88 TWD 29.99 TWD 38
10Y Revenue Exit 15.10 TWD 18.33 TWD 21.74 TWD 36
10Y EBITDA Exit 19.64 TWD 25.87 TWD 32.58 TWD 37
10Y P/E Exit 16.36 TWD 20.10 TWD 23.64 TWD 35
Earnings-Based
Graham-Dodd 7.24 TWD 8.85 TWD 9.95 TWD 54
EPV 9.13 TWD 9.81 TWD 10.38 TWD 59
Dividend Discount
Gordon GGM 13.98 TWD 15.07 TWD 16.70 TWD 70
DDM Multi-Stage 13.98 TWD 16.65 TWD 20.08 TWD 61
Multiples
P/E Multiple 15.97 TWD 21.29 TWD 26.62 TWD 63
P/S Multiple 13.57 TWD 18.10 TWD 22.62 TWD 58
P/B Multiple 13.57 TWD 18.10 TWD 22.62 TWD 55
EV/EBIT 21.01 TWD 26.63 TWD 32.26 TWD 53
EV/EBITDA 32.38 TWD 41.80 TWD 51.22 TWD 54
EV/Revenue 15.51 TWD 20.38 TWD 25.26 TWD 43
Asset-Based
NCAV (Graham) 8.48 TWD 11.37 TWD 16.96 TWD 50
Growth DCF
Growth DCF 16.18 TWD 19.55 TWD 24.75 TWD 80
Rev-Margin DCF 15.11 TWD 20.04 TWD 26.12 TWD 74
Economic Profit
Residual Income 12.85 TWD 13.22 TWD 12.86 TWD 76
ROIC Compounder 9.13 TWD 9.81 TWD 10.38 TWD 72
Growth Earnings
Growth-Adj P/E 11.30 TWD 16.14 TWD 20.98 TWD 68

Widest divergence: Multiples (20.38 TWD) versus Earnings-Based (8.85 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 276M TWD
Revenue growth (YoY) -6.9%
Net margin 11.7%
Return on equity 5.4%
Free cash flow 48.9M TWD FY2025
P/E ratio 25.8
More key figures
Operating margin 7.5%
EPS (TTM) 1.06 TWD
Dividend yield 3.7%
EPS growth (YoY) -45.9%
Net cash 130M TWD FY2023

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 68 · Market factors (momentum, volatility) 47

Profitability 38
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 85
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

ETREND Hightech Corp. tests and processes electronic components in Taiwan and Asia. The company offers test engineering services, including test program development, contactor/socket selection, handler to tester interface, device to tester correlation, and tester/handler platform conversion, as well as probe card, load board, and DUT board …

Full company description

ETREND Hightech Corp. tests and processes electronic components in Taiwan and Asia. The company offers test engineering services, including test program development, contactor/socket selection, handler to tester interface, device to tester correlation, and tester/handler platform conversion, as well as probe card, load board, and DUT board design/fabrication. It also provides test production services, such as wafer sorting, laser trimming, ICs final testing, lead scan and visual/mechanical inspection, and drop shipment; test production equipment comprising testers, handlers, probers, laser trimmers, automated optical inspection systems, and tape and reel machines; and turn-key logistic management solutions. The company was founded in 1989 and is based in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ETREND Hightech Corp reported revenue of 281M TWD in FY2025 versus 438M TWD in FY2021, a compound −10.5%/yr. Reported net income was 36.2M TWD in FY2025, compounding −23.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
281M TWD
Latest YoY
−10.6%
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.
−8.6%
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.
−6.2%
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.
−4.9%
Revenue −10.5%/yr
FY21 438M TWD
FY22 368M TWD
FY23 400M TWD
FY24 315M TWD
FY25 281M TWD
Net income −23.4%/yr
FY21 105M TWD
FY22 80.1M TWD
FY23 102M TWD
FY24 63.4M TWD
FY25 36.2M TWD

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Cite: Fair Value Calculator (2026). "ETREND Hightech Corp Fair Value". https://www.fairvalue-calculator.com/stock/3567

Peer Group

Semiconductors · 318 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 66 · Top 25%
Fair Value upside +21% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 4% · Above median
Net margin (TTM) 12% · Above median
Operating margin (TTM) 8% · Below median
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 3.6% · Top 25%

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 26.0× · Cheaper than 75% of peers
P/B 1.62× · Cheaper than median
P/S (TTM) 3.38× · Cheaper than median
P/FCF 0.6× · Cheaper than 75% of peers
EV/EBITDA 8.8× · 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 61 · sector 0
FUTURE 0 · sector 60
PAST 22 · sector 25
HEALTH 100 · sector 97
DIVIDEND 72 · sector 22

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 Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $418.47 $208.16 -50%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is ETREND Hightech Corp (3567) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 31.70 TWD versus a price of 26.30 TWD, about +21% (undervalued).
What is the fair value of 3567?
Our model-based fair value for ETREND Hightech Corp is 31.70 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 26.30 TWD.
What is the quality score of 3567?
ETREND Hightech Corp has a Quality Score of 66/100. 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 ETREND Hightech Corp (3567)?
ETREND Hightech Corp reported trailing-twelve-month revenue of about 276M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3567?
The net profit margin of ETREND Hightech Corp is about 11.7%, meaning it keeps roughly 11.7% of revenue as net income. Based on the latest reported figures.
Does ETREND Hightech Corp pay a dividend?
ETREND Hightech Corp currently shows a dividend yield of about 3.70% relative to its recent price (as of Jul 23, 2026).

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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