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Orange Electronic Co (4554) Fair Value & Analysis

Technology · TW · Market cap 827M TWD

OE Orange Electronic Co 4554 · TWO
Price31.00 TWD
Fair Value41.22 TWD
Upside+33.0%
Quality75/100
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Mixed Growth
Thin margins · 6.9% net margin
Low debt · generates free cash flow
1.60% dividend yield
Ranks above peers (12/14)
Narrow moat 33/100
Evidence: High Range 33.12 TWD – 49.32 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Share price −0.6% over the past month.

A strong business, screening 33% undervalued on our models.

What matters now

  • The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (33.12 TWD). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

43.34 TWD 15.65 TWD Fair Value 41.22 TWD Feb 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 15.65 TWD – 43.34 TWD · fair‑value band 33.12 TWD – 49.32 TWD · the 31.00 TWD price screens below the 41.22 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Orange Electronic Co (4554) currently trades at 31.00 TWD, while our model-based Fair Value estimate is 41.22 TWD, implying the stock looks roughly 33.0% undervalued today. The Quality Score stands at 75/100 (high quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Orange Electronic Co generated revenue of 494M TWD at a net margin of 6.9%. Revenue grew 1.1% year over year. It earns a return on equity of 6.9%. The balance sheet holds a net cash position of 232M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 33.12 TWD (bear case) to 49.32 TWD (bull case); at 31.00 TWD, the current price sits below 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 20% below its 52-week high and 27% 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 33%, 4554 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
Growth DCF 33.39 TWD 38.72 TWD 47.73 TWD 80
Residual Income 14.27 TWD 15.39 TWD 17.29 TWD 76
Rev-Margin DCF 27.34 TWD 32.84 TWD 40.07 TWD 74
All 24 models by family
DCF Models
FCF DCF 32.83 TWD 38.40 TWD 48.68 TWD 38
Owner Earnings 29.67 TWD 34.39 TWD 43.12 TWD 31
5Y Revenue Exit 27.34 TWD 32.33 TWD 39.85 TWD 39
5Y EBITDA Exit 30.85 TWD 38.29 TWD 48.48 TWD 41
5Y P/E Exit 34.29 TWD 44.11 TWD 56.22 TWD 38
10Y Revenue Exit 29.31 TWD 33.74 TWD 38.57 TWD 36
10Y EBITDA Exit 31.56 TWD 37.33 TWD 43.67 TWD 37
10Y P/E Exit 33.49 TWD 40.83 TWD 48.25 TWD 35
Earnings-Based
Graham-Dodd 11.25 TWD 18.53 TWD 22.47 TWD 54
EPV 18.94 TWD 19.91 TWD 20.72 TWD 59
Dividend Discount
Gordon GGM 6.88 TWD 8.15 TWD 9.42 TWD 70
DDM Multi-Stage 6.88 TWD 8.70 TWD 10.72 TWD 61
Multiples
P/E Multiple 27.29 TWD 36.39 TWD 45.49 TWD 63
P/S Multiple 21.09 TWD 28.12 TWD 35.15 TWD 58
P/B Multiple 21.09 TWD 28.12 TWD 35.15 TWD 55
EV/EBIT 29.06 TWD 34.79 TWD 40.53 TWD 53
EV/EBITDA 32.15 TWD 38.92 TWD 45.69 TWD 54
EV/Revenue 24.13 TWD 29.39 TWD 34.66 TWD 43
Asset-Based
NCAV (Graham) 8.70 TWD 11.66 TWD 17.40 TWD 50
Growth DCF
Growth DCF 33.39 TWD 38.72 TWD 47.73 TWD 80
Rev-Margin DCF 27.34 TWD 32.84 TWD 40.07 TWD 74
Economic Profit
Residual Income 14.27 TWD 15.39 TWD 17.29 TWD 76
ROIC Compounder 19.01 TWD 20.11 TWD 21.27 TWD 72
Growth Earnings
Growth-Adj P/E 19.24 TWD 27.48 TWD 35.73 TWD 68

Widest divergence: DCF Models (37.33 TWD) versus Dividend Discount (8.15 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 494M TWD
Revenue growth (YoY) +1.1%
Net margin 6.9%
Return on equity 6.9%
Free cash flow 65.9M TWD FY2024
P/E ratio 14.9
More key figures
Operating margin -3.4%
EPS (TTM) 2.11 TWD
Dividend yield 1.6%
EPS growth (YoY) -95.4%
Net cash 232M TWD FY2024

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

Quality Score breakdown

Overall quality 75/100

Of which business quality 76 · Market factors (momentum, volatility) 50

Profitability 45
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 77
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

Orange Electronic Co., Ltd. manufactures and sells wireless communication machinery and equipment, telecommunications control radio frequency equipment and enterprises, and locomotives parts and other products.

Full company description

Orange Electronic Co., Ltd. manufactures and sells wireless communication machinery and equipment, telecommunications control radio frequency equipment and enterprises, and locomotives parts and other products. It is involved in the entrepot trade, trade agency, and general investment related activities, as well as wholesale of electronic equipment and related components, and auto parts and supplies. The company offers after sales services. It serves in Taiwan, Japan, the United States, Europe, and internationally. Orange Electronic Co., Ltd. was incorporated in 2005 and is based in Taichung, Taiwan.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Orange Electronic Co reported revenue of 407M TWD in FY2024 versus 354M TWD in FY2020, a compound +3.5%/yr. Reported net income was 43.5M TWD in FY2024, compounding +71.1%/yr from FY2020.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
407M TWD
Latest YoY
+11.2%
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.
−3.9%
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.
+3.2%
Avg. growth/yr (12Y) 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.
+2.6%
Revenue +3.5%/yr
FY20 354M TWD
FY21 458M TWD
FY22 356M TWD
FY23 366M TWD
FY24 407M TWD
Net income +71.1%/yr
FY20 5.1M TWD
FY21 42.8M TWD
FY22 26.6M TWD
FY23 24.7M TWD
FY24 43.5M TWD
Character of growth · EPS growth decomposed (2013-2024) −4.3 % p.a.
Revenue per share −3.2 pp

of which total revenue −1.4 pp · buybacks/dilution −1.8 pp

EBIT margin −4.9 pp
Tax rate +0.2 pp
Residual (interest, one-offs) +3.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Orange Electronic Co Fair Value". https://www.fairvalue-calculator.com/stock/4554

Peer Group

Electronic Components · 625 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 75 · Top 25%
Fair Value upside +33% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) -3% · Bottom 25%
Revenue growth 1% · Below median
Dividend yield (TTM) 1.6% · Above median
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 14.9× · Cheaper than 75% of peers
P/B 1.80× · Cheaper than median
P/S (TTM) 1.67× · Cheaper than median
P/FCF 0.4× · Cheaper than 75% of peers
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 77 · sector 0
FUTURE 6 · sector 32
PAST 27 · sector 24
HEALTH 97 · sector 95
DIVIDEND 32 · sector 25

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 Orange Electronic Co (4554) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 41.22 TWD versus a price of 31.00 TWD, about +33% (undervalued).
What is the fair value of 4554?
Our model-based fair value for Orange Electronic Co is 41.22 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 31.00 TWD.
What is the quality score of 4554?
Orange Electronic Co has a Quality Score of 75/100. 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 Orange Electronic Co (4554)?
Orange Electronic Co reported trailing-twelve-month revenue of about 494M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 4554?
The net profit margin of Orange Electronic Co is about 6.9%, meaning it keeps roughly 6.9% of revenue as net income. Based on the latest reported figures.
Does Orange Electronic Co pay a dividend?
Orange Electronic Co currently shows a dividend yield of about 1.68% relative to its recent price (as of Jul 21, 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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