Ablerex Electronics Co Ltd (3628) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Ablerex Electronics Co Ltd TWD 84.42, price TWD 74.30, upside +13.6%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 32.05 TWD – 99.50 TWD · fair‑value band 63.32 TWD – 105.53 TWD · the 74.30 TWD price screens below the 84.42 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Ablerex Electronics Co., Ltd. designs, manufactures, and sells power electronic products in Taiwan and internationally. The company offers energy storage systems, photovoltaic devices, UPS products and accessories, active power filters, automatic transfer switches, and monitoring and management systems.
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Ablerex Electronics Co., Ltd. designs, manufactures, and sells power electronic products in Taiwan and internationally. The company offers energy storage systems, photovoltaic devices, UPS products and accessories, active power filters, automatic transfer switches, and monitoring and management systems. It also engages in manufacturing and sales of system equipment for improving power quality and solar energy system equipment; and maintenance and technical service business. Ablerex Electronics Co., Ltd. was founded in 1987 and is based in New Taipei City, Taiwan.
Stock analysis
Ablerex Electronics Co Ltd (3628) currently trades at 74.30 TWD, while our model-based Fair Value estimate is 84.42 TWD, implying the stock looks roughly 12.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 90.74 TWD per share, and 13 of the 23 models we run sit above the 74.30 TWD price.
Bear case: the Asset-Based group reads lowest at 25.12 TWD, and 10 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: 63.32 TWD (bear) to 105.53 TWD (bull), the price of 74.30 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 74/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Ablerex Electronics Co Ltd reported revenue of 3.4B TWD in FY2025 versus 3.0B TWD in FY2021, a compound +3.0%/yr. Reported net income was 181M TWD in FY2025, compounding +25.8%/yr from FY2021.
Key figures
Market cap 3.3B TWD (≈ $105M) · P/E ratio 18.1 · P/S ratio 0.97 · EPS (TTM) 4.11 TWD · Dividend yield 4.4% · Net margin 5.4% · Return on equity 11.5% · Return on assets (EBIT) 4.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 42% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at 14%, 3628 screens cheaper than that median.
Fair Value models
Bear 63.32 TWDFair Value 84.42 TWDBull 105.53 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 (0.6291 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.74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.0%
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.
+3.1%
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.
+7.3%
Start year 2020 (pandemic)
Revenue growth 8 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.
+4.3%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+30.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.9%
Dividend (yield on the price)4.4%
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.3% → 8%
2025 sits 87% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+0.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −1.2% a year for the price.
Compare Ablerex Electronics Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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 · 550 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside+14% · Top 25%
Profitability
Return on equity (TTM)12% · Above median
Return on assets4% · Above median
Net margin (TTM)5% · Below median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth17% · Above median
Dividend yield (TTM)4.4% · Top 25%
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). "Ablerex Electronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3628
Frequently asked questions
Is Ablerex Electronics Co Ltd (3628) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 84.42 TWD versus a price of 74.30 TWD, about +14% upside (undervalued).
What is the fair value of 3628?
Our model-based fair value for Ablerex Electronics Co Ltd is 84.42 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 74.30 TWD.
What is the quality score of 3628?
Ablerex Electronics Co Ltd has a Quality Score of 74/100. 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 Ablerex Electronics Co Ltd (3628)?
Our model-based price target is the fair value of 84.42 TWD (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 63.32 TWD, optimistic scenario 105.53 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ablerex Electronics Co Ltd stock forecast for 2026?
Our models put fair value at 84.42 TWD, about +14% upside versus a price of 74.30 TWD (undervalued). Cautious scenario 63.32 TWD, optimistic scenario 105.53 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ablerex Electronics Co Ltd (3628)?
Ablerex Electronics Co Ltd reported trailing-twelve-month revenue of about 3.6B TWD (latest available figure, as of Sep 24, 2026).
Does Ablerex Electronics Co Ltd pay a dividend?
Ablerex Electronics Co Ltd currently shows a dividend yield of about 4.37% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Ablerex Electronics Co Ltd (3628)?
For today's price to be fair in a discounted-cash-flow model, Ablerex Electronics Co Ltd would have to grow free cash flow by +0.3 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3628 use?
Our models discount Ablerex Electronics Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.56, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ablerex Electronics Co Ltd that is +0.3 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Ablerex Electronics Co Ltd (3628) delivered so far?
Over the past 5 years revenue at Ablerex Electronics Co Ltd grew +7.3 % a year. The price currently implies +0.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ablerex Electronics Co Ltd (3628) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Ablerex Electronics Co Ltd (+0.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ablerex Electronics Co Ltd (3628)?
The free-cash-flow yield on the price is 10.86 %: that much free cash flow Ablerex Electronics Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ablerex Electronics Co Ltd (3628)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ablerex Electronics Co Ltd it is 84.42 TWD per share (as of Sep 24, 2026), against a price of 74.30 TWD. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Ablerex Electronics Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3628 trades below its calculated fair value: price 74.30 TWD, fair value 84.42 TWD, a gap of about +14% (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 3628?
No. The price is what the market pays today (74.30 TWD); the fair value is what the company's own numbers justify (84.42 TWD). For Ablerex Electronics Co Ltd the two are 10.12 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ablerex Electronics Co Ltd worth?
The market values Ablerex Electronics Co Ltd at about 3.3B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 74.30 TWD; our models calculate a fair value of 84.42 TWD per share.
What do the bullish and bearish scenarios say about 3628?
Our models span a range for Ablerex Electronics Co Ltd: cautious scenario 63.32 TWD, base 84.42 TWD, optimistic 105.53 TWD per share (as of Sep 24, 2026, price 74.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3628?
Ablerex Electronics Co Ltd trades at a price-to-earnings ratio of 18.1 (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 84.42 TWD is built from several models across several years. Other multiples: P/B 2.0, P/S 0.9, EV/EBITDA 9.4.
How solid is the balance sheet of Ablerex Electronics Co Ltd (3628)?
Balance-sheet figures for Ablerex Electronics Co Ltd (as of Sep 24, 2026): return on equity 11.5%. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is 3628 from its 52-week high?
Ablerex Electronics Co Ltd trades at 74.30 TWD, about 25% below its 52-week high of 99.50 TWD and 42% above the low of 52.50 TWD (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 84.42 TWD is for.
Which stocks are comparable to Ablerex Electronics Co Ltd?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Ablerex Electronics Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 74.30 TWD, calculated fair value 84.42 TWD (+14%), Quality Score 74/100, from 23 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 3628 calculated?
We run Ablerex Electronics Co Ltd through 23 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 84.42 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 14.1 % above its aggregate fair value. Ablerex Electronics Co Ltd currently trades 14 % 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 Ablerex Electronics Co Ltd (3628)?
The closing price on Sep 23, 2026 was 74.30 TWD. Our model-based fair value is 84.42 TWD, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ablerex Electronics Co Ltd right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Ablerex Electronics Co Ltd
How large is the market capitalisation of Ablerex Electronics Co Ltd (3628)?
The market capitalisation of Ablerex Electronics Co Ltd is 3.3B TWD (≈ $105M). 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 Ablerex Electronics Co Ltd (3628)?
The price-to-sales ratio of Ablerex Electronics Co Ltd is 0.97 (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 Ablerex Electronics Co Ltd (3628)?
Earnings per share at Ablerex Electronics Co Ltd are 4.11 TWD (price ÷ EPS = P/E 18.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ablerex Electronics Co Ltd (3628)?
The dividend yield of Ablerex Electronics Co Ltd is 4.4% (payout 79.1%). 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 Ablerex Electronics Co Ltd (3628)?
The net margin of Ablerex Electronics Co Ltd is 5.4% (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 Ablerex Electronics Co Ltd (3628)?
The return on equity (ROE) of Ablerex Electronics Co Ltd is 11.5% (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 Ablerex Electronics Co Ltd (3628)?
On an EBIT basis the return on assets of Ablerex Electronics Co Ltd is 4.2% (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 Ablerex Electronics Co Ltd (3628)?
The operating margin of Ablerex Electronics Co Ltd is 7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ablerex Electronics Co Ltd (3628)?
Revenue at Ablerex Electronics Co Ltd is growing +16.8% versus a year earlier (3y avg +3.1%). 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 Ablerex Electronics Co Ltd (3628)?
Earnings per share at Ablerex Electronics Co Ltd are growing −6.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ablerex Electronics Co Ltd (3628) carry?
The net debt of Ablerex Electronics Co Ltd is 122M TWD (fiscal year 2025, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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