Hong-Wei Electrical Industry & Co., Ltd. (4565) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Hong-Wei Electrical Industry & Co., Ltd. TWD 137, price TWD 137, upside +0.2%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Hong-Wei Electrical Industry & Co., Ltd. engages in the design, manufacture, sale, maintenance, and service of various elevators in Taiwan, Mainland China, and Vietnam.
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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.
Stock analysis
Hong-Wei Electrical Industry & Co., Ltd. (4565) currently trades at 137.00 TWD, while our model-based Fair Value estimate is 137.30 TWD, implying the stock looks roughly 0.2% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 131.68 TWD per share, and 6 of the 26 models we run sit above the 137.00 TWD price.
Bear case: the Asset-Based group reads lowest at 22.99 TWD, and 20 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 105.45 TWD (bear) to 168.33 TWD (bull), the price of 137.00 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 72/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hong-Wei Electrical Industry & Co., Ltd. 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.
Key figures
Market cap 8.5B TWD (≈ $266M) · P/E ratio 20.0 · P/S ratio 5.12 · EPS (TTM) 6.86 TWD · Dividend yield 4.4% · Net margin 25.6% · Return on equity 22.8% · Return on assets (EBIT) 15.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 53% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at 0%, 4565 screens cheaper than that median.
Fair Value models
Bear 105.45 TWDFair Value 137.30 TWDBull 168.33 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.6315 TWD per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.8%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.2%
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+12.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.6%
Dividend (yield on the price)4.4%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.21% → 33%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+3.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +1.8% a year for the price.
Compare Hong-Wei Electrical Industry & Co., Ltd. with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Industrial Machinery · 828 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+1% · Above median
Profitability
Return on equity (TTM)23% · Top 25%
Return on assets9% · Top 25%
Net margin (TTM)28% · Top 25%
Operating margin (TTM)44% · Top 25%
Growth and dividend
Revenue growth−1% · Below median
Dividend yield (TTM)4.4% · Top 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/4565
Frequently asked questions
Is Hong-Wei Electrical Industry & Co., Ltd. (4565) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 137.30 TWD versus a price of 137.00 TWD, about +0% upside (fairly valued).
What is the fair value of 4565?
Our model-based fair value for Hong-Wei Electrical Industry & Co., Ltd. is 137.30 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 137.00 TWD.
What is the quality score of 4565?
Hong-Wei Electrical Industry & Co., Ltd. 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 price target for Hong-Wei Electrical Industry & Co., Ltd. (4565)?
Our model-based price target is the fair value of 137.30 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 105.45 TWD, optimistic scenario 168.33 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Hong-Wei Electrical Industry & Co., Ltd. stock forecast for 2026?
Our models put fair value at 137.30 TWD, about +0% upside versus a price of 137.00 TWD (fairly valued). Cautious scenario 105.45 TWD, optimistic scenario 168.33 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Hong-Wei Electrical Industry & Co., Ltd. (4565)?
Hong-Wei Electrical Industry & Co., Ltd. reported trailing-twelve-month revenue of about 1.7B TWD (latest available figure, as of Sep 24, 2026).
Does Hong-Wei Electrical Industry & Co., Ltd. pay a dividend?
Hong-Wei Electrical Industry & Co., Ltd. currently shows a dividend yield of about 4.38% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Hong-Wei Electrical Industry & Co., Ltd. (4565)?
For today's price to be fair in a discounted-cash-flow model, Hong-Wei Electrical Industry & Co., Ltd. would have to grow free cash flow by +3.4 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 4565 use?
Our models discount Hong-Wei Electrical Industry & Co., Ltd. at 11.8 %: a base by market capitalisation (micro), damped by beta 0.25, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hong-Wei Electrical Industry & Co., Ltd. that is +3.4 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Hong-Wei Electrical Industry & Co., Ltd. (4565) delivered so far?
Over the past 5 years revenue at Hong-Wei Electrical Industry & Co., Ltd. grew +4.8 % a year. The price currently implies +3.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hong-Wei Electrical Industry & Co., Ltd. (4565) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Hong-Wei Electrical Industry & Co., Ltd. (+3.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hong-Wei Electrical Industry & Co., Ltd. (4565)?
The free-cash-flow yield on the price is 7.41 %: that much free cash flow Hong-Wei Electrical Industry & Co., Ltd. produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hong-Wei Electrical Industry & Co., Ltd. (4565)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hong-Wei Electrical Industry & Co., Ltd. it is 137.30 TWD per share (as of Sep 24, 2026), against a price of 137.00 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Hong-Wei Electrical Industry & Co., Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 4565 trades below its calculated fair value: price 137.00 TWD, fair value 137.30 TWD, a gap of about +0% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 4565?
No. The price is what the market pays today (137.00 TWD); the fair value is what the company's own numbers justify (137.30 TWD). For Hong-Wei Electrical Industry & Co., Ltd. the two are 0.3000 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Hong-Wei Electrical Industry & Co., Ltd. worth?
The market values Hong-Wei Electrical Industry & Co., Ltd. at about 8.5B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 137.00 TWD; our models calculate a fair value of 137.30 TWD per share.
What do the bullish and bearish scenarios say about 4565?
Our models span a range for Hong-Wei Electrical Industry & Co., Ltd.: cautious scenario 105.45 TWD, base 137.30 TWD, optimistic 168.33 TWD per share (as of Sep 24, 2026, price 137.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4565?
Hong-Wei Electrical Industry & Co., Ltd. trades at a price-to-earnings ratio of 20.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 137.30 TWD is built from several models across several years. Other multiples: P/B 4.0, P/S 5.0, EV/EBITDA 11.8.
How solid is the balance sheet of Hong-Wei Electrical Industry & Co., Ltd. (4565)?
Balance-sheet figures for Hong-Wei Electrical Industry & Co., Ltd. (as of Sep 24, 2026): return on equity 22.8%. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 4565 from its 52-week high?
Hong-Wei Electrical Industry & Co., Ltd. trades at 137.00 TWD, about 8% below its 52-week high of 149.00 TWD and 53% above the low of 89.60 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 137.30 TWD is for.
Which stocks are comparable to Hong-Wei Electrical Industry & Co., Ltd.?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hong-Wei Electrical Industry & Co., Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 137.00 TWD, calculated fair value 137.30 TWD (+0%), Quality Score 72/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 4565 calculated?
We run Hong-Wei Electrical Industry & Co., Ltd. through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 137.30 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Hong-Wei Electrical Industry & Co., Ltd. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hong-Wei Electrical Industry & Co., Ltd. (4565)?
The closing price on Sep 24, 2026 was 137.00 TWD. Our model-based fair value is 137.30 TWD, about +0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hong-Wei Electrical Industry & Co., Ltd. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Hong-Wei Electrical Industry & Co., Ltd.
How large is the market capitalisation of Hong-Wei Electrical Industry & Co., Ltd. (4565)?
The market capitalisation of Hong-Wei Electrical Industry & Co., Ltd. is 8.5B TWD (≈ $266M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hong-Wei Electrical Industry & Co., Ltd. (4565)?
The price-to-sales ratio of Hong-Wei Electrical Industry & Co., Ltd. is 5.12 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hong-Wei Electrical Industry & Co., Ltd. (4565)?
Earnings per share at Hong-Wei Electrical Industry & Co., Ltd. are 6.86 TWD (price ÷ EPS = P/E 20.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hong-Wei Electrical Industry & Co., Ltd. (4565)?
The dividend yield of Hong-Wei Electrical Industry & Co., Ltd. is 4.4% (payout 87.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hong-Wei Electrical Industry & Co., Ltd. (4565)?
The net margin of Hong-Wei Electrical Industry & Co., Ltd. is 25.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hong-Wei Electrical Industry & Co., Ltd. (4565)?
The return on equity (ROE) of Hong-Wei Electrical Industry & Co., Ltd. is 22.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hong-Wei Electrical Industry & Co., Ltd. (4565)?
On an EBIT basis the return on assets of Hong-Wei Electrical Industry & Co., Ltd. is 15.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hong-Wei Electrical Industry & Co., Ltd. (4565)?
The operating margin of Hong-Wei Electrical Industry & Co., Ltd. is 43.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hong-Wei Electrical Industry & Co., Ltd. (4565)?
Revenue at Hong-Wei Electrical Industry & Co., Ltd. is growing −0.7% versus a year earlier (3y avg +4.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hong-Wei Electrical Industry & Co., Ltd. (4565)?
Earnings per share at Hong-Wei Electrical Industry & Co., Ltd. are growing +19.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Hong-Wei Electrical Industry & Co., Ltd. (4565) hold?
Hong-Wei Electrical Industry & Co., Ltd. holds more cash than debt, 1.2B TWD net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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