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Everbrite Technology Co Ltd (4523) Fair Value & Analysis

Industrials · TW · Market cap 1.6B TWD (≈ $49.1M) · ISIN TW0004523006

What is Everbrite Technology Co Ltd really worth?

ET Everbrite Technology Co Ltd 4523 · TWO
Price23.70 TWD
Fair Value29.93 TWD
Upside+26.3%
Quality38/100

Below-average quality, trading 21% below our fair value of 29.93 TWD.

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Strengths

Ranks above peers (7/10)

Risks

!Weak Growth (revenue 5y −3.2 %/yr)
!Low debt · negative free cash flow
!Narrow moat 38/100
!Evidence only low, so the estimate is less certain

For context

·11.15% dividend yield
Evidence: Low Range 22.94 TWD – 39.92 TWD

Fair value as of: Aug 19, 2026

From 10 valuation models · updated 17 days ago

Fair value updated Aug 19, 2026, revised from 30.16 TWD to 29.93 TWD (−0.8%) since Aug 13, 2026. Share price −6.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

61.76 TWD 20.43 TWD Fair Value 29.93 TWD Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 20.43 TWD – 61.76 TWD · fair‑value band 22.94 TWD – 39.92 TWD · the 23.70 TWD price screens below the 29.93 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Everbrite Technology Co Ltd (4523) currently trades at 23.70 TWD, while our model-based Fair Value estimate is 29.93 TWD, implying the stock looks roughly 20.8% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Industrials sector. Bull case: the Earnings-Based group reads highest at a median of 182.26 TWD per share, and 6 of the 10 models we run sit above the 23.70 TWD price. Bear case: the Asset-Based group reads lowest at 22.54 TWD, and 4 of the 10 models stay below the price. Evidence for this calculation is low.

Trailing-twelve-month revenue stands at 769M TWD. Revenue grew 121.2% year over year. It earns a return on equity of 70.6%. Net debt stands at 465M TWD. Fundamentals as of Aug 19, 2026

Our scenario range runs from 22.94 TWD (bear case) to 39.92 TWD (bull case); at 23.70 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 41% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at 26%, 4523 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 13.08 TWD per share, which is 43.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Owner Earnings best evidence 106.01 TWD 134.14 TWD 181.35 TWD 78
Gordon GGM 0.7700 TWD 0.8300 TWD 0.9100 TWD 69
Graham-Dodd 149.12 TWD 182.26 TWD 205.04 TWD 67
All 10 models by family
DCF Models
Owner Earnings best evidence 106.01 TWD 134.14 TWD 181.35 TWD 78
Earnings-Based
Graham-Dodd 149.12 TWD 182.26 TWD 205.04 TWD 67
Dividend Discount
Gordon GGM 0.7700 TWD 0.8300 TWD 0.9100 TWD 69
DDM Multi-Stage 0.7700 TWD 0.9100 TWD 1.10 TWD 67
Multiples
P/E Multiple 345.40 TWD 460.53 TWD 575.66 TWD 63
P/S Multiple 13.25 TWD 17.67 TWD 22.09 TWD 58
P/B Multiple 113.56 TWD 151.41 TWD 189.26 TWD 55
Asset-Based
NCAV (Graham) 16.82 TWD 22.54 TWD 33.65 TWD 54
Economic Profit
Residual Income 209.47 TWD 478.54 TWD 19,469 TWD 64
Growth Earnings
Growth-Adj P/E 243.90 TWD 348.42 TWD 452.95 TWD 67

Widest divergence: Economic Profit (478.54 TWD) versus Dividend Discount (0.8300 TWD). Highest evidence: Owner Earnings (78).

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Key figures & financial health

P/E ratio 1.1
P/S ratio 2.69 P/E × margin
EPS (TTM) 21.90 TWD price ÷ EPS = P/E 1.1
Dividend yield 11.1% payout 12.1%
Net margin 200% TTM
Return on equity 70.6% TTM
More key figures
Profitability
Return on assets (EBIT) −10.4% avg 5y
Operating margin −5.9% TTM
Growth
Revenue (TTM) 769M TWD TTM
Revenue growth (YoY) +121% 3y avg +1.0%
EPS growth (YoY) +259%
Balance sheet & cash flow
Free cash flow −1.1B TWD FY2025
Net debt 465M TWD FY2024

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 42 · Market factors (momentum, volatility) 31

Profitability 61
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 80
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Everbrite Technology Co., Ltd., together with its subsidiaries, engages in the manufacture, sale, installation, after-sale service, and agency of automotive air conditioners, electromechanical systems, and electronic components in Taiwan, Japan, and internationally.

Full company description

Everbrite Technology Co., Ltd., together with its subsidiaries, engages in the manufacture, sale, installation, after-sale service, and agency of automotive air conditioners, electromechanical systems, and electronic components in Taiwan, Japan, and internationally. It operates through Thermal Management, Energy Technology, Smart Life, and Precision Processing segments. The company offers car air conditioning products comprising condensers, evaporators, and other auto components. It also provides thermal management products consisting of industrial and server cooling, and other customized cooling products. In addition, the company offers electronic cooling components, including composite metallic grease, PCM metallic sheets, vapor chambers, thermal modules, thermal total solutions, immersion cooling liquids, and non-metal vapor chambers. Further, it provides power distribution, electronic lock, automatic control, robotic, and water chiller products. The company was formerly known as Taiwan Calsonic Co., Ltd. and changed its name to Everbrite Technology Co., Ltd. in June 2022. Everbrite Technology Co., Ltd. was incorporated in 1987 and is based in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Everbrite Technology Co Ltd reported revenue of 574M TWD in FY2025 versus 724M TWD in FY2021, a compound −5.6%/yr. Reported net income was 1.4B TWD in FY2025.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
574M TWD
Latest YoY
−7.2%
Avg. revenue 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.
+1.0%
Avg. revenue 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.
−3.2%
Avg. revenue growth/yr (10Y) 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.
−9.7%
Value creation/yr We only publish this rate when it is defensible. Reason: no profitable base year
not computed
Revenue −5.6%/yr
FY21 724M TWD
FY22 557M TWD
FY23 583M TWD
FY24 618M TWD
FY25 574M TWD
Net income
FY21 −14.3M TWD
FY22 −91.9M TWD
FY23 −16.3M TWD
FY24 −97.8M TWD
FY25 1.4B TWD

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Cite: Fair Value Calculator (2026). "Everbrite Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4523

Peer Group

Electrical Equipment & Parts · 543 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 38 · Bottom 25%
Fair Value upside +26% · Top 25%
Return on equity (TTM) 71% · Top 25%
Return on assets −18% · Bottom 25%
Operating margin (TTM) −6% · Bottom 25%
Revenue growth 121% · Top 25%
Dividend yield (TTM) 11.1% · Top 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 1.1× · Cheaper than 75% of peers
P/S (TTM) 0.06× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE68 · sector 0
FUTURE100 · sector 56
PAST100 · sector 26
HEALTH100 · sector 97
DIVIDEND100 · sector 23

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

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 −40%
ABB Ltd ABBN CHF 80.10 CHF 28.70 −64%
Delta Electronics (Thailand) Public Company TDED 10.40 SGD 1.47 SGD −86%
Vertiv Holdings VRT $257.08 $63.13 −75%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW −45%
Prysmian S.p.A PRY €117.10 €84.15 −28%
Legrand SA LR €139.65 €78.82 −44%
Sungrow Power Supply Co 300274 ¥86.40 ¥123.83 +43%
Hubbell Incorporated HUBB $443.31 $285.77 −36%
Shenzhen Inovance Technology Co 300124 ¥61.07 ¥33.04 −46%

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Frequently asked questions

Is Everbrite Technology Co Ltd (4523) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 29.93 TWD versus a price of 23.70 TWD, about +26% upside (undervalued).
What is the fair value of 4523?
Our model-based fair value for Everbrite Technology Co Ltd is 29.93 TWD (as of Aug 19, 2026), built from audited fundamentals. The current price: 23.70 TWD.
What is the quality score of 4523?
Everbrite Technology Co Ltd has a Quality Score of 38/100. 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 Everbrite Technology Co Ltd (4523)?
Everbrite Technology Co Ltd reported trailing-twelve-month revenue of about 769M TWD (latest available figure, as of Aug 19, 2026).
Does Everbrite Technology Co Ltd pay a dividend?
Everbrite Technology Co Ltd currently shows a dividend yield of about 11.15% relative to its recent price (as of Aug 19, 2026).
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