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Electric Power Technology Limited (4529) Fair Value & Analysis

Technology · TW · Market cap 365M TWD

EP Electric Power Technology Limited 4529 · TWO
Price3.21 TWD
Fair Value1.31 TWD
Upside-59.2%
Quality44/100
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Risks

!Trades 145% ABOVE our fair value of 1.31 TWD
!Expensive Growth (revenue 3y +22.1 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
Expensive Growth (revenue 3y +22.1 %/yr)
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (1/8)
Narrow moat 9/100
Evidence: Low Range 0.8700 TWD – 1.64 TWD Share as image

Fair value as of: Aug 22, 2026

From 1 valuation models · updated 3 days ago

Share price −25.9% over the past month.

Below-average quality, and trading another 145% above our fair value.

What runs behind every stock

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

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What matters now

  • The price sits above even our optimistic bull case (1.64 TWD). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (0.8700 TWD to 1.64 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

19.00 TWD 3.04 TWD Fair Value 1.31 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range 3.04 TWD – 19.00 TWD · fair‑value band 0.8700 TWD – 1.64 TWD · the 3.21 TWD price screens above the 1.31 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.

Full chart & analysis →

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Analysis

Electric Power Technology Limited (4529) currently trades at 3.21 TWD, while our model-based Fair Value estimate is 1.31 TWD, implying the stock looks roughly 59.2% overvalued today. The Quality Score stands at 44/100 (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: low).

Trailing-twelve-month revenue stands at 5.2M TWD. Revenue declined 6.3% year over year. It earns a return on equity of -21.8%. Net debt stands at 32.5M TWD. Fundamentals as of Aug 22, 2026

Our scenario range runs from 0.8700 TWD (bear case) to 1.64 TWD (bull case); at 3.21 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 51% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -66% fair-value upside, at -59%, 4529 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
NCAV (Graham) 1.56 TWD 2.10 TWD 3.13 TWD 50
All 1 models by family
Asset-Based
NCAV (Graham) 1.56 TWD 2.10 TWD 3.13 TWD 50

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Key figures & financial health

P/S ratio 81.0 TTM
Return on equity -21.8% TTM
Return on assets -8.7% TTM
Operating margin -905% TTM
EPS (TTM) -0.7700 TWD
Revenue (TTM) 5.2M TWD TTM
More key figures
Growth
Revenue growth (YoY) -6.3% 3y avg +22.1%
Balance sheet & cash flow
Free cash flow −90.2M TWD FY2025
Net debt 32.5M TWD FY2021

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 45 · Market factors (momentum, volatility) 31

Profitability 0
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 82
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

Electric Power Technology Limited, together with its subsidiaries, engages in the development, manufacture, and sale of electric vehicles in Taiwan. It also invests in electric vehicles and medical technologies. The company was formerly known as Thunder Power Co., Limited and changed its name to Electric Power Technology Limited in June 2017.

Full company description

Electric Power Technology Limited, together with its subsidiaries, engages in the development, manufacture, and sale of electric vehicles in Taiwan. It also invests in electric vehicles and medical technologies. The company was formerly known as Thunder Power Co., Limited and changed its name to Electric Power Technology Limited in June 2017. Electric Power Technology Limited was founded in 1987 and is based in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Electric Power Technology Limited reported revenue of 5.3M TWD in FY2025 versus 3.2M TWD in FY2021, a compound +13.5%/yr. Reported net income was −62.5M TWD in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
5.3M TWD
Latest YoY
−22.1%
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.
+22.1%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +13.5%/yr
FY21 3.2M TWD
FY22 2.9M TWD
FY23 5.0M TWD
FY24 6.8M TWD
FY25 5.3M TWD
Net income
FY21 −500M TWD
FY22 27.7M TWD
FY23 −86.4M TWD
FY24 −109M TWD
FY25 −62.5M TWD

4529 screens 59% overvalued. Compare with Amphenol Corporation →

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Cite: Fair Value Calculator (2026). "Electric Power Technology Limited Fair Value". https://www.fairvalue-calculator.com/stock/4529

Peer Group

Electronic Components · 651 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 45 · Below median
Fair Value upside −59% · Below median
Return on assets -9% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth -6% · Bottom 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/S (TTM) 2.20× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 37
PAST0 · sector 24
HEALTH100 · sector 95
DIVIDEND0 · 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

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $169.96 $97.19 -43%
Corning Incorporated GLW CHF 134.64 CHF 35.18 -74%
Delta Electronics, Inc 2308 1,750 TWD 602.37 TWD -66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 -31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW -88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 -90%
TE Connectivity plc TEL $214.20 $144.42 -33%
Shengyi Technology Co 600183 ¥132.80 ¥36.30 -73%
Flex Ltd FLEX $124.53 $48.10 -61%
Celestica Inc CLS $339.46 $113.54 -67%

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Frequently asked questions

Is Electric Power Technology Limited (4529) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of 1.31 TWD versus a price of 3.21 TWD, about −59% (overvalued).
What is the fair value of 4529?
Our model-based fair value for Electric Power Technology Limited is 1.31 TWD (as of Aug 22, 2026), built from audited fundamentals. The current price: 3.21 TWD.
What is the quality score of 4529?
Electric Power Technology Limited has a Quality Score of 44/100. 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 Electric Power Technology Limited (4529)?
Electric Power Technology Limited reported trailing-twelve-month revenue of about 5.2M TWD (latest available figure, as of Aug 22, 2026).
What is the net profit margin of 4529?
The net profit margin of Electric Power Technology Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. 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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