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FineTek Co (4549) Fair Value & Analysis

Technology · TW · Market cap 5.5B TWD

FC FineTek Co 4549 · TWO
Price90.90 TWD
Fair Value43.47 TWD
Upside-52.2%
Quality62/100
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Mixed Growth
Solidly profitable · 14.4% net margin
Low debt · generates free cash flow
3.11% dividend yield
Ranks above peers (9/14)
Moderate moat 54/100
Evidence: High Range 31.99 TWD – 61.67 TWD Share as image

Fair value as of: Jul 23, 2026

From 22 valuation models · updated 18 days ago

Share price −9.1% over the past month.

A solid business, but screening 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (61.67 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (31.99 TWD to 61.67 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

226.50 TWD 59.83 TWD Fair Value 43.47 TWD Mar 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 59.83 TWD – 226.50 TWD · fair‑value band 31.99 TWD – 61.67 TWD · the 90.90 TWD price screens above the 43.47 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

FineTek Co (4549) currently trades at 90.90 TWD, while our model-based Fair Value estimate is 43.47 TWD, implying the stock looks roughly 52.2% overvalued today. The Quality Score stands at 62/100 (solid 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: high).

Over the trailing twelve months, FineTek Co generated revenue of 1.2B TWD at a net margin of 14.4%. Revenue declined 9.4% year over year. It earns a return on equity of 8.7%. The balance sheet holds a net cash position of 380M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 31.99 TWD (bear case) to 61.67 TWD (bull case); at 90.90 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 42% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -52%, 4549 screens richer 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 24.82 TWD 31.18 TWD 41.72 TWD 80
Residual Income 29.02 TWD 32.00 TWD 45.87 TWD 76
Rev-Margin DCF 29.12 TWD 41.67 TWD 56.91 TWD 74
All 22 models by family
DCF Models
FCF DCF 24.05 TWD 30.66 TWD 42.50 TWD 38
Owner Earnings 40.43 TWD 53.02 TWD 75.62 TWD 31
5Y Revenue Exit 29.12 TWD 41.24 TWD 58.88 TWD 39
5Y EBITDA Exit 34.27 TWD 50.15 TWD 71.19 TWD 41
5Y P/E Exit 38.80 TWD 58.00 TWD 80.87 TWD 38
10Y Revenue Exit 26.20 TWD 34.88 TWD 44.33 TWD 36
10Y EBITDA Exit 29.98 TWD 40.27 TWD 51.39 TWD 37
10Y P/E Exit 32.67 TWD 45.02 TWD 56.94 TWD 35
Earnings-Based
Graham-Dodd 22.56 TWD 27.57 TWD 31.02 TWD 54
EPV 21.69 TWD 24.17 TWD 26.31 TWD 59
Multiples
P/E Multiple 49.77 TWD 66.35 TWD 82.94 TWD 63
P/S Multiple 40.65 TWD 54.20 TWD 67.75 TWD 58
P/B Multiple 42.30 TWD 56.40 TWD 70.50 TWD 55
EV/EBIT 48.83 TWD 63.11 TWD 77.39 TWD 53
EV/EBITDA 46.95 TWD 60.60 TWD 74.25 TWD 54
EV/Revenue 34.87 TWD 47.25 TWD 59.62 TWD 43
Asset-Based
NCAV (Graham) 16.83 TWD 22.56 TWD 33.67 TWD 50
Growth DCF
Growth DCF 24.82 TWD 31.18 TWD 41.72 TWD 80
Rev-Margin DCF 29.12 TWD 41.67 TWD 56.91 TWD 74
Economic Profit
Residual Income 29.02 TWD 32.00 TWD 45.87 TWD 76
ROIC Compounder 21.69 TWD 24.17 TWD 26.31 TWD 72
Growth Earnings
Growth-Adj P/E 35.21 TWD 50.30 TWD 65.39 TWD 68

Widest divergence: Multiples (56.40 TWD) versus Asset-Based (22.56 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.2B TWD
Revenue growth (YoY) -9.4%
Net margin 14.4%
Return on equity 8.7%
Free cash flow 111M TWD FY2025
P/E ratio 32.8
More key figures
Operating margin 19.0%
EPS (TTM) 3.31 TWD
Dividend yield 2.8%
EPS growth (YoY) -26.7%
Net cash 380M TWD FY2023

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 61 · Market factors (momentum, volatility) 31

Profitability 47
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 75
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

FineTek Co., Ltd. manufactures and sells various industrial sensors, material/liquid level switches, and motor terminals in Taiwan and internationally.

Full company description

FineTek Co., Ltd. manufactures and sells various industrial sensors, material/liquid level switches, and motor terminals in Taiwan and internationally. The company offers liquid and solid switches, and liquid and solid level transmitters; flow measurement switches and transmitters; pressure level transmitters and switches; temperature transmitters and thermocouples; and grain monitoring systems, including temperature and level monitoring transmitters, multi-point temperature sensors, materials management systems, and remote-control units. It also provides wireless products, which include hublinks, coordinators, routers, and end devices; and pneumatic products comprising air hammers, piston vibrators, pneumatic vibrators, diaphragm valves, dust collector systems, and air pads. In addition, the company offers safety products, such as isolated safety barriers, speed monitors, conveyer belt misalignment switches, and safety cable pull switches. Further, it provides digital scaling meters and temperature controllers; and products, which are used in dust monitoring for filter breaks, flow switches for bulk materials, contactless level monitoring, mass flow measurement for bulk materials, and online moisture measuring system. The company's products and solutions are used in various industries, including water treatment, maritime, steel, power, construction, cement, food and beverage, hydraulic power, petrochemical, chemical, and electronics industries. The company was founded in 1979 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

FineTek Co reported revenue of 1.2B TWD in FY2025 versus 1.3B TWD in FY2021, a compound −0.7%/yr. Reported net income was 189M TWD in FY2025, compounding −9.0%/yr from FY2021.

Growth Quality 66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.2B TWD
Latest YoY
−3.5%
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.
−4.8%
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.
+4.2%
Avg. growth/yr (8Y) 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.
+1.9%
Revenue −0.7%/yr
FY21 1.3B TWD
FY22 1.4B TWD
FY23 1.4B TWD
FY24 1.3B TWD
FY25 1.2B TWD
Net income −9.0%/yr
FY21 276M TWD
FY22 324M TWD
FY23 268M TWD
FY24 264M TWD
FY25 189M TWD

4549 screens 52% overvalued. Compare with Keysight Technologies, Inc →

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Cite: Fair Value Calculator (2026). "FineTek Co Fair Value". https://www.fairvalue-calculator.com/stock/4549

Peer Group

Scientific & Technical Instruments · 161 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 62 · Above median
Fair Value upside −52% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 3.1% · Top 25%
Debt / equity 0.26× · Higher than 75% of peers

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 29.2× · Cheaper than median
P/B 2.87× · Pricier than median
P/S (TTM) 4.56× · Pricier than median
P/FCF 1.5× · Cheaper than 75% of peers
EV/EBITDA 22.6× · 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 34
PAST 35 · sector 25
HEALTH 87 · sector 98
DIVIDEND 62 · sector 24

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $315.90 $84.16 -73%
Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is FineTek Co (4549) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 43.47 TWD versus a price of 90.90 TWD, about −52% (overvalued).
What is the fair value of 4549?
Our model-based fair value for FineTek Co is 43.47 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 90.90 TWD.
What is the quality score of 4549?
FineTek Co has a Quality Score of 62/100. 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 FineTek Co (4549)?
FineTek 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 4549?
The net profit margin of FineTek Co is about 14.4%, meaning it keeps roughly 14.4% of revenue as net income. Based on the latest reported figures.
Does FineTek Co pay a dividend?
FineTek Co currently shows a dividend yield of about 2.79% 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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