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Grand-Tek Technology Co (3684) Fair Value & Analysis

Technology · TW · Market cap 1.6B TWD

GT Grand-Tek Technology Co 3684 · TWO
Price52.90 TWD
Fair Value69.25 TWD
Upside+30.9%
Quality71/100
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Healthy Growth
Thin margins · 9.3% net margin
Low debt · generates free cash flow
5.42% dividend yield
Ranks above peers (13/14)
Moderate moat 53/100
Evidence: High Range 51.79 TWD – 86.57 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Share price +3.3% over the past month.

A solid business, screening 31% undervalued on our models.

What matters now

  • The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • Our model range runs from 51.79 TWD (bear) to 86.57 TWD (bull), base 69.25 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 71/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

66.85 TWD 22.31 TWD Fair Value 69.25 TWD Feb 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 22.31 TWD – 66.85 TWD · fair‑value band 51.79 TWD – 86.57 TWD · the 52.90 TWD price screens below the 69.25 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

Grand-Tek Technology Co (3684) currently trades at 52.90 TWD, while our model-based Fair Value estimate is 69.25 TWD, implying the stock looks roughly 30.9% undervalued today. The Quality Score stands at 71/100 (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, Grand-Tek Technology Co generated revenue of 1.2B TWD at a net margin of 9.3%. Revenue grew 12.2% year over year. It earns a return on equity of 15.1%. Net debt stands at 50.1M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 51.79 TWD (bear case) to 86.57 TWD (bull case); at 52.90 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 29% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 31%, 3684 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 56.62 TWD 101.51 TWD 164.97 TWD 80
Residual Income 22.19 TWD 26.18 TWD 44.74 TWD 76
Rev-Margin DCF 46.81 TWD 81.14 TWD 129.74 TWD 74
All 26 models by family
DCF Models
FCF DCF 58.71 TWD 95.95 TWD 183.33 TWD 38
Owner Earnings 50.09 TWD 92.98 TWD 167.28 TWD 31
5Y Revenue Exit 46.81 TWD 82.34 TWD 132.56 TWD 39
5Y EBITDA Exit 55.23 TWD 101.31 TWD 162.43 TWD 41
5Y P/E Exit 54.30 TWD 99.22 TWD 154.02 TWD 38
10Y Revenue Exit 49.23 TWD 84.16 TWD 139.80 TWD 36
10Y EBITDA Exit 55.72 TWD 97.53 TWD 167.23 TWD 37
10Y P/E Exit 55.14 TWD 96.06 TWD 160.21 TWD 35
Earnings-Based
Graham-Dodd 23.55 TWD 144.03 TWD 200.93 TWD 54
Lynch FV 41.25 TWD 58.93 TWD 76.61 TWD 50
PEG = 1.0 41.25 TWD 58.93 TWD 76.61 TWD 46
EPV 32.51 TWD 36.52 TWD 39.86 TWD 59
Dividend Discount
Gordon GGM 17.69 TWD 31.88 TWD 43.89 TWD 70
DDM Multi-Stage 17.69 TWD 29.12 TWD 34.06 TWD 61
Multiples
P/E Multiple 51.94 TWD 69.25 TWD 86.57 TWD 63
P/S Multiple 44.15 TWD 58.86 TWD 73.58 TWD 58
P/B Multiple 44.15 TWD 58.86 TWD 73.58 TWD 55
EV/EBIT 58.22 TWD 76.59 TWD 94.95 TWD 53
EV/EBITDA 56.57 TWD 74.38 TWD 92.20 TWD 54
EV/Revenue 40.27 TWD 56.18 TWD 72.10 TWD 43
Asset-Based
NCAV (Graham) 11.88 TWD 15.92 TWD 23.76 TWD 50
Growth DCF
Growth DCF 56.62 TWD 101.51 TWD 164.97 TWD 80
Rev-Margin DCF 46.81 TWD 81.14 TWD 129.74 TWD 74
Economic Profit
Residual Income 22.19 TWD 26.18 TWD 44.74 TWD 76
ROIC Compounder 36.58 TWD 48.15 TWD 62.15 TWD 72
Growth Earnings
Growth-Adj P/E 58.17 TWD 83.10 TWD 108.03 TWD 68

Widest divergence: DCF Models (95.95 TWD) versus Asset-Based (15.92 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.2B TWD
Revenue growth (YoY) +12.2%
Net margin 9.3%
Return on equity 15.1%
Free cash flow 142M TWD FY2025
P/E ratio 15.2
More key figures
Operating margin 10.2%
EPS (TTM) 3.41 TWD
Dividend yield 5.4%
EPS growth (YoY) +14.9%
Net debt 50.1M TWD FY2023

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

Quality Score breakdown

Overall quality 71/100

Of which business quality 70 · Market factors (momentum, volatility) 50

Profitability 53
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 83
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

Grand-Tek Technology Co., Ltd., together with its subsidiaries, designs, manufactures, and sells high-frequency connection lines and wireless communication integration subsystems in Taiwan, the Netherlands, the United States, the United Kingdom, China, and internationally. The company offers weatherproof antennas, enclosure systems, and mounting brackets.

Full company description

Grand-Tek Technology Co., Ltd., together with its subsidiaries, designs, manufactures, and sells high-frequency connection lines and wireless communication integration subsystems in Taiwan, the Netherlands, the United States, the United Kingdom, China, and internationally. The company offers weatherproof antennas, enclosure systems, and mounting brackets. It also provides electronic components integrated design and manufacturing services; and engages in investment activities. In addition, the company offers outdoor Wi-Fi, 4G LTE and 5G, ISM and LoRa, vehicle, GNSS and GPS, l-band satellite, s-band satellite, c-band satellite, SMD, LDS, and embedded antennas; 4G LTE and 5G RF modules; I-PEX MHF, metal FAKRA, Hirose U.FL, and n type surge connectors; LMR cable series; antenna RF switches; EMI testing services; and custom die-casting aluminum enclosures comprising alpine cactus, grand-tek launch boxes, formosa, NEMA waterproof aluminum and plastic enclosures and boxes, IP67 guaranteed and NEMA enclosures, antenna mounting brackets, and gore protective vents. Further, it provides automotive cable assemblies and wire harnesses, waterproof hybrid multi-pin cable assemblies, ix industrial ethernet connectors, and waterproof interface connectors; and electronics manufacturing, ingress protection design, custom IoT antenna design, TRP and TIS measurement, thermal design, heat dissipation and thermal insulation, heat pipe design, electronics enclosure for better heat dissipation, and surface mount PCB assembly services. The company offers its products and services for IoT, transportation, antenna system in telecommunication, secured network and smart grid, and industrial IoT applications. Grand-Tek Technology Co., Ltd. was founded in 1995 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

Grand-Tek Technology Co reported revenue of 1.1B TWD in FY2025 versus 920M TWD in FY2021, a compound +5.7%/yr. Reported net income was 105M TWD in FY2025, compounding +5.3%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.1B TWD
Latest YoY
+22.6%
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.
+0.6%
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.
+17.1%
Avg. growth/yr (6Y) 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.
+16.0%
Revenue +5.7%/yr
FY21 920M TWD
FY22 1.1B TWD
FY23 808M TWD
FY24 938M TWD
FY25 1.1B TWD
Net income +5.3%/yr
FY21 85.4M TWD
FY22 123M TWD
FY23 35.0M TWD
FY24 84.0M TWD
FY25 105M TWD

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Cite: Fair Value Calculator (2026). "Grand-Tek Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/3684

Peer Group

Electronic Components · 627 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 71 · Top 25%
Fair Value upside +31% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 12% · Above median
Dividend yield (TTM) 5.4% · Top 25%
Debt / equity 0.39× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 15.2× · Cheaper than 75% of peers
P/B 2.18× · Cheaper than median
P/S (TTM) 1.33× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 9.2× · 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 75 · sector 0
FUTURE 61 · sector 32
PAST 60 · sector 24
HEALTH 81 · sector 95
DIVIDEND 100 · sector 25

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 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

Is Grand-Tek Technology Co (3684) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 69.25 TWD versus a price of 52.90 TWD, about +31% (undervalued).
What is the fair value of 3684?
Our model-based fair value for Grand-Tek Technology Co is 69.25 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 52.90 TWD.
What is the quality score of 3684?
Grand-Tek Technology Co has a Quality Score of 71/100. 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 Grand-Tek Technology Co (3684)?
Grand-Tek Technology Co reported trailing-twelve-month revenue of about 1.2B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3684?
The net profit margin of Grand-Tek Technology Co is about 9.3%, meaning it keeps roughly 9.3% of revenue as net income. Based on the latest reported figures.
Does Grand-Tek Technology Co pay a dividend?
Grand-Tek Technology Co currently shows a dividend yield of about 4.61% 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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