EN DE

Hong-Wei Electrical Industry & Co (4565) Fair Value & Analysis

Industrials · TW · Market cap 7.7B TWD

HW Hong-Wei Electrical Industry & Co 4565 · TWO
Price122.50 TWD
Fair Value138.55 TWD
Upside+13.1%
Quality72/100
Watch Hong-Wei Electrical Industry & Co for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Highly profitable · 27.7% net margin
Low debt · generates free cash flow
5.17% dividend yield
Ranks above peers (11/14)
Wide moat 86/100
Evidence: High Range 108.78 TWD – 168.33 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price −3.5% over the past month.

A solid business, screening 13% undervalued on our models.

What matters now

  • Our model range runs from 108.78 TWD (bear) to 168.33 TWD (bull), base 138.55 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

130.50 TWD 25.62 TWD Fair Value 138.55 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 25.62 TWD – 130.50 TWD · fair‑value band 108.78 TWD – 168.33 TWD · the 122.50 TWD price screens below the 138.55 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Hong-Wei Electrical Industry & Co (4565) currently trades at 122.50 TWD, while our model-based Fair Value estimate is 138.55 TWD, implying the stock looks roughly 13.1% undervalued today. The Quality Score stands at 72/100 (solid quality), in the Industrials 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, Hong-Wei Electrical Industry & Co generated revenue of 1.7B TWD at a net margin of 25.6%. Revenue declined 9.6% year over year. It earns a return on equity of 20.5%. The balance sheet holds a net cash position of 1.2B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 108.78 TWD (bear case) to 168.33 TWD (bull case); at 122.50 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 8% below its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 13%, 4565 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 130.49 TWD 174.39 TWD 232.97 TWD 80
Residual Income 41.49 TWD 50.21 TWD 110.70 TWD 76
Rev-Margin DCF 82.01 TWD 104.13 TWD 129.24 TWD 74
All 26 models by family
DCF Models
FCF DCF 128.30 TWD 176.88 TWD 245.21 TWD 38
Owner Earnings 96.09 TWD 129.85 TWD 177.34 TWD 31
5Y Revenue Exit 82.01 TWD 102.41 TWD 126.62 TWD 39
5Y EBITDA Exit 111.31 TWD 155.63 TWD 205.42 TWD 41
5Y P/E Exit 122.27 TWD 175.55 TWD 229.50 TWD 38
10Y Revenue Exit 97.79 TWD 119.58 TWD 145.50 TWD 36
10Y EBITDA Exit 116.80 TWD 155.15 TWD 202.73 TWD 37
10Y P/E Exit 123.55 TWD 168.46 TWD 220.22 TWD 35
Earnings-Based
Graham-Dodd 47.11 TWD 125.72 TWD 164.43 TWD 54
Lynch FV 24.39 TWD 34.85 TWD 45.30 TWD 50
PEG = 1.0 24.39 TWD 34.85 TWD 45.30 TWD 46
EPV 84.39 TWD 94.14 TWD 102.55 TWD 59
Dividend Discount
Gordon GGM 52.70 TWD 105.00 TWD 159.00 TWD 70
DDM Multi-Stage 52.70 TWD 80.37 TWD 108.71 TWD 61
Multiples
P/E Multiple 109.11 TWD 145.48 TWD 181.85 TWD 63
P/S Multiple 40.53 TWD 54.03 TWD 67.54 TWD 58
P/B Multiple 88.33 TWD 117.77 TWD 147.21 TWD 55
EV/EBIT 135.97 TWD 173.74 TWD 211.51 TWD 53
EV/EBITDA 112.00 TWD 141.78 TWD 171.56 TWD 54
EV/Revenue 56.71 TWD 71.30 TWD 85.89 TWD 43
Asset-Based
NCAV (Graham) 17.16 TWD 22.99 TWD 34.31 TWD 50
Growth DCF
Growth DCF 130.49 TWD 174.39 TWD 232.97 TWD 80
Rev-Margin DCF 82.01 TWD 104.13 TWD 129.24 TWD 74
Economic Profit
Residual Income 41.49 TWD 50.21 TWD 110.70 TWD 76
ROIC Compounder 86.35 TWD 98.69 TWD 110.88 TWD 72
Growth Earnings
Growth-Adj P/E 85.78 TWD 122.54 TWD 159.30 TWD 68

Widest divergence: DCF Models (155.15 TWD) versus Asset-Based (22.99 TWD). Highest evidence: Growth DCF (80).

Notify me when 4565 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 1.7B TWD
Revenue growth (YoY) -9.6%
Net margin 25.6%
Return on equity 20.5%
Free cash flow 627M TWD FY2025
P/E ratio 17.0
More key figures
Operating margin 27.7%
EPS (TTM) 6.86 TWD
Dividend yield 5.2%
EPS growth (YoY) +5.1%
Net cash 1.2B TWD FY2024

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

Quality Score breakdown

Overall quality 72/100

Of which business quality 71 · Market factors (momentum, volatility) 67

Profitability 62
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 92
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 46
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

Hong-Wei Electrical Industry & Co., Ltd. engages in the design, manufacture, sale, maintenance, and service of various elevators in Taiwan, Mainland China, and Vietnam.

Full company description

Hong-Wei Electrical Industry & Co., Ltd. engages in the design, manufacture, sale, maintenance, and service of various elevators in Taiwan, Mainland China, and Vietnam. It offers freight elevators, including opening type, driving system, and special elevators; passenger elevators, such as opening type, driving systems, interior deco, hospital-bed only, and panoramic elevators, as well as escalators; and automatic conveyor systems. The company was founded in 1968 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

Hong-Wei Electrical Industry & Co reported revenue of 1.7B TWD in FY2025 versus 1.3B TWD in FY2021, a compound +5.5%/yr. Reported net income was 428M TWD in FY2025, compounding +4.3%/yr from FY2021.

Growth Quality 72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.7B TWD
Latest YoY
−1.3%
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.
+4.8%
Avg. growth/yr (6Y) 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%
Revenue +5.5%/yr
FY21 1.3B TWD
FY22 1.4B TWD
FY23 1.6B TWD
FY24 1.7B TWD
FY25 1.7B TWD
Net income +4.3%/yr
FY21 361M TWD
FY22 314M TWD
FY23 371M TWD
FY24 494M TWD
FY25 428M TWD

Watch 4565: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Hong-Wei Electrical Industry & Co Fair Value". https://www.fairvalue-calculator.com/stock/4565

Peer Group

Specialty Industrial Machinery · 808 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 72 · Top 25%
Fair Value upside +13% · Top 25%
Return on equity (TTM) 23% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 28% · Top 25%
Operating margin (TTM) 44% · Top 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 5.2% · Top 25%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 18.2× · Cheaper than 75% of peers
P/B 3.64× · Pricier than median
P/S (TTM) 4.64× · Pricier than 75% of peers
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 10.7× · 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 51 · sector 0
FUTURE 0 · sector 23
PAST 91 · sector 28
HEALTH 100 · sector 96
DIVIDEND 100 · sector 24

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

Compare Hong-Wei Electrical Industry & Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Hong-Wei Electrical Industry & Co (4565) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 138.55 TWD versus a price of 122.50 TWD, about +13% (undervalued).
What is the fair value of 4565?
Our model-based fair value for Hong-Wei Electrical Industry & Co is 138.55 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 122.50 TWD.
What is the quality score of 4565?
Hong-Wei Electrical Industry & Co has a Quality Score of 72/100. 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 Hong-Wei Electrical Industry & Co (4565)?
Hong-Wei Electrical Industry & Co reported trailing-twelve-month revenue of about 1.7B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 4565?
The net profit margin of Hong-Wei Electrical Industry & Co is about 25.6%, meaning it keeps roughly 25.6% of revenue as net income. Based on the latest reported figures.
Does Hong-Wei Electrical Industry & Co pay a dividend?
Hong-Wei Electrical Industry & Co currently shows a dividend yield of about 5.17% 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.

14 days Pro free · no card

Track Hong-Wei Electrical Industry & Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.