ACES Electronics Co (3605) Fair Value & Analysis
Technology · TW · Market cap 15.2B TWD
Fair value as of: Jul 23, 2026
From 17 valuation models · updated 18 days ago
Fair value updated Jul 23, 2026, revised from 44.03 TWD to 44.00 TWD (−0.1%) since Jul 9, 2026. Share price +18.4% over the past month.
A solid business, but screening 59% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (55.07 TWD). The favourable scenario is already priced in.
- Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 26.04 TWD – 108.00 TWD · fair‑value band 40.75 TWD – 55.07 TWD · the 107.50 TWD price screens above the 44.00 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
ACES Electronics Co (3605) currently trades at 107.50 TWD, while our model-based Fair Value estimate is 44.00 TWD, implying the stock looks roughly 59.1% overvalued today. The Quality Score stands at 55/100 (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: high).
Over the trailing twelve months, ACES Electronics Co generated revenue of 11.1B TWD at a net margin of 5.1%. Revenue grew 9.5% year over year. It earns a return on equity of 7.6%. Net debt stands at 752M TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 40.75 TWD (bear case) to 55.07 TWD (bull case); at 107.50 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 near its 52-week high and 101% 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 -59%, 3605 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.
All 17 models by family
Widest divergence: Multiples (68.67 TWD) versus DCF Models (10.37 TWD). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 79
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
ACES Electronics Co., Ltd. researches, develops, manufactures, and sells electronic connectors in Taiwan, China, the Philippines, the United States, and internationally. It operates through Connectors, Cable Groups, Investments and Others segments.
Full company description
ACES Electronics Co., Ltd. researches, develops, manufactures, and sells electronic connectors in Taiwan, China, the Philippines, the United States, and internationally. It operates through Connectors, Cable Groups, Investments and Others segments. The Company offers M.2, Gen Z, handy edge, MCIO, DDR5, dongle, automotive, USB 2.0, high speed connector, industrial, wire harness, socket, pet angel, respiratory nebulizer, automotive digital multimedia integration, and metal stamping parts; and energy storage cabinet, DC power, type C, and HDMI cables. It also provides board to board, wire to board, USB type C, USB 3.0 connector, SATA, SAS, mini and micro lock, power, FFC/FPC, DC JACK, battery, HDMI, card, pin header, RJ, mini circular, RF, and connectors. Its products are used in various applications, such as industry/IPC, cloud computing/server, automotive, NB consumer electronics/3C, medical, and smart home appliances. ACES Electronics Co., Ltd. was founded in 1996 and is headquartered in Taoyuan City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
ACES Electronics Co reported revenue of 10.9B TWD in FY2025 versus 10.6B TWD in FY2021, a compound +0.7%/yr. Reported net income was 661M TWD in FY2025, compounding +6.7%/yr from FY2021.
of which total revenue +9.3 pp · buybacks/dilution −2.3 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).
3605 screens 59% overvalued. Compare with Delta Electronics, Inc →
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.
Valuation Multiples vs Electronic Components median · lower = cheaper
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: 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.
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
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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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