Unitech Electronics Co (3652) Fair Value & Analysis
Technology · TW · Market cap 2.2B TWD
Fair value as of: Jul 21, 2026
From 24 valuation models · updated 20 days ago
Share price +12.3% over the past month.
A solid business, but screening 27% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (33.62 TWD). The favourable scenario is already priced in.
- Solid but not exceptional quality (63/100) 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 21, 2026.
How to read this chart
60‑month range 15.99 TWD – 50.58 TWD · fair‑value band 20.00 TWD – 33.62 TWD · the 36.65 TWD price screens above the 26.72 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Unitech Electronics Co (3652) currently trades at 36.65 TWD, while our model-based Fair Value estimate is 26.72 TWD, implying the stock looks roughly 27.1% overvalued today. The Quality Score stands at 63/100 (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, Unitech Electronics Co generated revenue of 2.5B TWD at a net margin of 4.2%. Revenue grew 10.1% year over year. It earns a return on equity of 5.6%. The balance sheet holds a net cash position of 408M TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 20.00 TWD (bear case) to 33.62 TWD (bull case); at 36.65 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 1% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -27%, 3652 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 24 models by family
Widest divergence: Multiples (25.32 TWD) versus Dividend Discount (6.82 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 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 71
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
Unitech Electronics Co., Ltd., together with its subsidiaries, engages in the development, manufacture and sale of automatic identification data capture products and related business in Taiwan, rest of Asia, the United States, Europe, and Oceania.
Full company description
Unitech Electronics Co., Ltd., together with its subsidiaries, engages in the development, manufacture and sale of automatic identification data capture products and related business in Taiwan, rest of Asia, the United States, Europe, and Oceania. The company offers AI touch computers, rugged smartphones, handheld terminals, enterprise tablets, wearable computers, unitech shield, and mobile printers; and barcode scanners comprising ESD safe, wireless, 2D imager, laser/CCD, wearable, pocket, and presentation scanners, as well as pen and slot readers. It also provides iOS RFID reader, iOS sled scanner, and iOS software applications; and RFID solutions, pocket readers, mobile readers, fixed readers, antennas and tags, and modules. In addition, the company offers software solutions, such as MoboLink 3.0, a device management and data exchange management solution; MoboLink 4.3, an android enterprise-compliant EEM; associated software, maintenance and warranty services; StageGO solutions, a barcode-based device staging solution; and mobile, scanner, and RFID applications. It serves electronics, manufacturing, distribution and retail, logistics and warehousing, medical, public institutions, education, postal services, military, and police units. The company was founded in 1979 and is headquartered in New Taipei City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Unitech Electronics Co reported revenue of 2.5B TWD in FY2025 versus 2.4B TWD in FY2021, a compound +1.0%/yr. Reported net income was 101M TWD in FY2025, compounding +18.4%/yr from FY2021.
3652 screens 27% overvalued. Compare with Compal Electronics, Inc →
Peer Group
Computer Hardware · 215 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 Computer Hardware 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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Compal Electronics, Inc CEIR | $0.0310 | $0.0276 | -11% |
| Dell Technologies Inc DELL | $434.97 | $163.87 | -62% |
| Arista Networks, Inc ANET | $168.56 | $43.74 | -74% |
| Western Digital Corporation WDC | $513.84 | $74.05 | -86% |
| Wiwynn Corporation 6669 | 4,685 TWD | 1,559 TWD | -67% |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥34.12 | ¥30.11 | -12% |
| Quanta Computer Inc 2382 | 373.50 TWD | 297.22 TWD | -20% |
| Shenzhen Longsys Electronics Co 301308 | ¥587.60 | ¥60.86 | -90% |
| Lenovo Group 0992 | HK$23.16 | HK$3.07 | -87% |
| Dawning Information Industry Co 603019 | ¥106.13 | ¥28.88 | -73% |
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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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