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ENNOSTAR Inc (3714) Fair Value & Analysis

Technology · TW · Market cap 38.5B TWD

EI ENNOSTAR Inc 3714 · TW
Price59.40 TWD
Fair Value21.29 TWD
Upside-64.2%
Quality48/100
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Mixed Growth
Loss-making · -11.1% net margin
Low debt · generates free cash flow
1.74% dividend yield
Trails peers (3/11)
Narrow moat 6/100
Evidence: Medium Range 19.87 TWD – 22.70 TWD Share as image

Fair value as of: Jul 21, 2026

From 12 valuation models · updated 19 days ago

Share price −4.0% over the past month.

Below-average quality, and screening another 64% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (22.70 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (19.87 TWD to 22.70 TWD), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

93.95 TWD 28.36 TWD Fair Value 21.29 TWD Mar 2021 Aug 2026

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 28.36 TWD – 93.95 TWD · fair‑value band 19.87 TWD – 22.70 TWD · the 59.40 TWD price screens above the 21.29 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

ENNOSTAR Inc (3714) currently trades at 59.40 TWD, while our model-based Fair Value estimate is 21.29 TWD, implying the stock looks roughly 64.2% overvalued today. The Quality Score stands at 48/100 (below-average 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: medium).

Over the trailing twelve months, ENNOSTAR Inc generated revenue of 21.8B TWD at a net margin of -11.1%. Revenue declined 6.9% year over year. It earns a return on equity of -5.2%. The balance sheet holds a net cash position of 11.5B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 19.87 TWD (bear case) to 22.70 TWD (bull case); at 59.40 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 32% below its 52-week high and 94% 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 -64%, 3714 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 BearBaseBull Evidence
Highest evidence
Growth DCF 26.14 TWD 29.06 TWD 34.05 TWD 80
Rev-Margin DCF 25.12 TWD 28.46 TWD 32.56 TWD 74
Gordon GGM 8.26 TWD 9.04 TWD 10.24 TWD 70
All 12 models by family
DCF Models
FCF DCF 25.79 TWD 28.79 TWD 34.36 TWD 38
5Y Revenue Exit 25.12 TWD 28.28 TWD 32.87 TWD 39
5Y EBITDA Exit 23.31 TWD 25.14 TWD 27.58 TWD 41
10Y Revenue Exit 25.13 TWD 27.51 TWD 30.06 TWD 36
10Y EBITDA Exit 24.22 TWD 25.57 TWD 26.95 TWD 37
Dividend Discount
Gordon GGM 8.26 TWD 9.04 TWD 10.24 TWD 70
DDM Multi-Stage 8.26 TWD 10.37 TWD 13.32 TWD 61
Multiples
EV/EBITDA 22.37 TWD 23.78 TWD 25.20 TWD 54
EV/Revenue 25.30 TWD 28.37 TWD 31.44 TWD 43
Asset-Based
NCAV (Graham) 28.11 TWD 37.66 TWD 56.21 TWD 50
Growth DCF
Growth DCF 26.14 TWD 29.06 TWD 34.05 TWD 80
Rev-Margin DCF 25.12 TWD 28.46 TWD 32.56 TWD 74

Widest divergence: Asset-Based (37.66 TWD) versus Dividend Discount (9.04 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 21.8B TWD
Revenue growth (YoY) -6.9%
Net margin -11.1%
Return on equity -5.2%
Free cash flow 580M TWD FY2025
Operating margin -5.9%
More key figures
EPS (TTM) -3.29 TWD
Dividend yield 1.7%
EPS growth (YoY) -44.7%
Net cash 11.5B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 50 · Market factors (momentum, volatility) 62

Profitability 6
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 75
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 86
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

ENNOSTAR Inc. engages in the research and development, design, manufacturing and sales of EPI wafers and chips of A1GaInP, AlGaAs and InGaN, and light-emitting diode packages and modules. It operates in Taiwan, China, Malaysia, Japan, Hong Kong, South Korea, Singapore, and internationally. The company was formerly known as EPISTAR Corporation. ENNOSTAR Inc.

Full company description

ENNOSTAR Inc. engages in the research and development, design, manufacturing and sales of EPI wafers and chips of A1GaInP, AlGaAs and InGaN, and light-emitting diode packages and modules. It operates in Taiwan, China, Malaysia, Japan, Hong Kong, South Korea, Singapore, and internationally. The company was formerly known as EPISTAR Corporation. ENNOSTAR Inc. was incorporated in 1996 and is headquartered in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ENNOSTAR Inc reported revenue of 22.2B TWD in FY2025 versus 36.4B TWD in FY2021, a compound −11.7%/yr. Reported net income was −2.7B TWD in FY2025.

Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
22.2B TWD
Latest YoY
−9.0%
Avg. growth/yr (3Y)
−8.4%
Avg. growth/yr (5Y)
+8.8%
Avg. growth/yr (13Y)
+0.8%
Revenue −11.7%/yr
FY21 36.4B TWD
FY22 28.9B TWD
FY23 22.3B TWD
FY24 24.4B TWD
FY25 22.2B TWD
Net income
FY21 2.2B TWD
FY22 −566M TWD
FY23 −6.8B TWD
FY24 −1.4B TWD
FY25 −2.7B TWD

3714 screens 64% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "ENNOSTAR Inc Fair Value". https://www.fairvalue-calculator.com/stock/3714

Peer Group

Electronic Components · 626 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 48 · Below median
Fair Value upside −64% · Below median
Return on assets -4% · Bottom 25%
Net margin (TTM) -11% · Bottom 25%
Operating margin (TTM) -6% · Bottom 25%
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 1.7% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/S (TTM) 0.06× · Cheaper than 75% of peers
P/FCF 2.1× · Pricier 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 0 · sector 0
FUTURE 0 · sector 32
PAST 0 · sector 24
HEALTH 100 · sector 95
DIVIDEND 35 · sector 25

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.

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 21, 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 ENNOSTAR Inc (3714) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 21.29 TWD versus a price of 59.40 TWD, about −64% (overvalued).
What is the fair value of 3714?
Our model-based fair value for ENNOSTAR Inc is 21.29 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 59.40 TWD.
What is the quality score of 3714?
ENNOSTAR Inc has a Quality Score of 48/100. 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 ENNOSTAR Inc (3714)?
ENNOSTAR Inc reported trailing-twelve-month revenue of about 21.8B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3714?
The net profit margin of ENNOSTAR Inc is about -11.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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