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Dynamic Holding (3715) Fair Value & Analysis

Technology · TW · Market cap 34.7B TWD

DH Dynamic Holding 3715 · TW
Price114.50 TWD
Fair Value46.84 TWD
Upside-59.1%
Quality23/100
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Expensive Growth
Thin margins · 1.3% net margin
Low debt · negative free cash flow
0.90% dividend yield
Trails peers (2/13)
Narrow moat 31/100
Evidence: Medium Range 33.96 TWD – 58.55 TWD Share as image

Fair value as of: Jul 23, 2026

From 16 valuation models · updated 18 days ago

Share price −24.4% over the past month.

Below-average quality, and screening another 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (58.55 TWD). The favourable scenario is already priced in.
  • Weak quality (23/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

202.22 TWD 14.38 TWD Fair Value 46.84 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 14.38 TWD – 202.22 TWD · fair‑value band 33.96 TWD – 58.55 TWD · the 114.50 TWD price screens above the 46.84 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Dynamic Holding (3715) currently trades at 114.50 TWD, while our model-based Fair Value estimate is 46.84 TWD, implying the stock looks roughly 59.1% overvalued today. The Quality Score stands at 23/100 (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, Dynamic Holding generated revenue of 20.5B TWD at a net margin of 1.3%. Revenue grew 23.6% year over year. It earns a return on equity of 2.5%. Net debt stands at 10.5B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 33.96 TWD (bear case) to 58.55 TWD (bull case); at 114.50 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 about 44% below its 52-week high and 192% 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 -59%, 3715 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
Residual Income 31.24 TWD 33.11 TWD 35.80 TWD 76
ROIC Compounder 36.66 TWD 43.54 TWD 52.96 TWD 72
Gordon GGM 13.49 TWD 28.04 TWD 44.48 TWD 70
All 16 models by family
Earnings-Based
Graham-Dodd 18.73 TWD 56.41 TWD 74.77 TWD 54
Lynch FV 12.00 TWD 17.14 TWD 22.28 TWD 50
PEG = 1.0 12.00 TWD 17.14 TWD 22.28 TWD 46
EPV 36.66 TWD 41.59 TWD 45.91 TWD 59
Dividend Discount
Gordon GGM 13.49 TWD 28.04 TWD 44.48 TWD 70
DDM Multi-Stage 13.49 TWD 21.98 TWD 29.43 TWD 61
Multiples
P/E Multiple 41.33 TWD 55.10 TWD 68.88 TWD 63
P/S Multiple 35.13 TWD 46.84 TWD 58.55 TWD 58
P/B Multiple 35.13 TWD 46.84 TWD 58.55 TWD 55
EV/EBIT 62.30 TWD 80.71 TWD 99.11 TWD 53
EV/EBITDA 104.79 TWD 137.36 TWD 169.93 TWD 54
EV/Revenue 44.30 TWD 60.25 TWD 76.21 TWD 43
Asset-Based
NCAV (Graham) 19.05 TWD 25.53 TWD 38.10 TWD 50
Economic Profit
Residual Income 31.24 TWD 33.11 TWD 35.80 TWD 76
ROIC Compounder 36.66 TWD 43.54 TWD 52.96 TWD 72
Growth Earnings
Growth-Adj P/E 33.96 TWD 48.51 TWD 63.06 TWD 68

Widest divergence: Multiples (55.10 TWD) versus Earnings-Based (17.14 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 20.5B TWD
Revenue growth (YoY) +23.6%
Net margin 1.3%
Return on equity 2.5%
Free cash flow −5.4B TWD FY2025
P/E ratio 45.4
More key figures
Operating margin 2.3%
EPS (TTM) 2.70 TWD
Dividend yield 0.9%
EPS growth (YoY) -50.9%
Net debt 10.5B TWD FY2025

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

Quality Score breakdown

Overall quality 23/100

Of which business quality 26 · Market factors (momentum, volatility) 50

Profitability 28
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 52
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

Dynamic Holding Co., Ltd., together with its subsidiaries, manufactures and sells printed circuit boards (PCBs) and electronic components in Taiwan, China, Mexico, Germany, Malaysia, Korea, and internationally. It operates through PCB and Mock-up segments.

Full company description

Dynamic Holding Co., Ltd., together with its subsidiaries, manufactures and sells printed circuit boards (PCBs) and electronic components in Taiwan, China, Mexico, Germany, Malaysia, Korea, and internationally. It operates through PCB and Mock-up segments. The company offers high-layer-count, HDI, semi-flex, high-frequency, and heavy-copper PCBs, as well as microcomputers and peripheral equipment, integrated circuits, and substrates. It also provides customized processing services, such as ID mockup, mechanic mockup, metal processing, 3D printing, etc. In addition, the company is involved in import and export, and investment activities; and offers management operations services. Its products have applications in automotive electronics; network communications, and servers; consumer electronics; display panels; storage devices; medical boards; and computers, peripherals, and others. Dynamic Holding Co., Ltd. was founded in 1988 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

Dynamic Holding reported revenue of 19.5B TWD in FY2025 versus 15.8B TWD in FY2021, a compound +5.4%/yr. Reported net income was 781M TWD in FY2025, compounding +13.5%/yr from FY2021.

Growth Quality 40/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
19.5B TWD
Latest YoY
+9.4%
Avg. growth/yr (3Y)
+8.3%
Avg. growth/yr (5Y)
+9.0%
Avg. growth/yr (12Y)
+5.6%
Revenue +5.4%/yr
FY21 15.8B TWD
FY22 15.3B TWD
FY23 15.7B TWD
FY24 17.8B TWD
FY25 19.5B TWD
Net income +13.5%/yr
FY21 470M TWD
FY22 547M TWD
FY23 1.0B TWD
FY24 1.1B TWD
FY25 781M TWD

3715 screens 59% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Dynamic Holding Fair Value". https://www.fairvalue-calculator.com/stock/3715

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 23 · Bottom 25%
Fair Value upside −59% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 24% · Top 25%
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.33× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 45.4× · Pricier than median
P/B 3.21× · Pricier than median
P/S (TTM) 1.69× · Pricier than median
EV/EBITDA 11.9× · 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 0 · sector 0
FUTURE 100 · sector 32
PAST 10 · sector 24
HEALTH 84 · sector 95
DIVIDEND 18 · 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 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 Dynamic Holding (3715) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 46.84 TWD versus a price of 114.50 TWD, about −59% (overvalued).
What is the fair value of 3715?
Our model-based fair value for Dynamic Holding is 46.84 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 114.50 TWD.
What is the quality score of 3715?
Dynamic Holding has a Quality Score of 23/100. 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 Dynamic Holding (3715)?
Dynamic Holding reported trailing-twelve-month revenue of about 20.5B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3715?
The net profit margin of Dynamic Holding is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.
Does Dynamic Holding pay a dividend?
Dynamic Holding currently shows a dividend yield of about 0.90% 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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