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Koge Micro Tech Co (4568) Fair Value & Analysis

Industrials · TW · Market cap 1.3B TWD

KM Koge Micro Tech Co 4568 · TWO
Price40.25 TWD
Fair Value40.41 TWD
Upside+0.4%
Quality60/100
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Weak Growth
Thin margins · 3.9% net margin
Low debt · generates free cash flow
5.06% dividend yield
Ranks above peers (9/14)
Narrow moat 32/100
Evidence: High Range 31.33 TWD – 52.22 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 40.81 TWD to 40.41 TWD (−1.0%) since Jul 11, 2026. Share price +2.2% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 31.33 TWD (bear) to 52.22 TWD (bull), base 40.41 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 60/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

63.58 TWD 38.37 TWD Fair Value 40.41 TWD Jan 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 38.37 TWD – 63.58 TWD · fair‑value band 31.33 TWD – 52.22 TWD · the 40.25 TWD price screens below the 40.41 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Koge Micro Tech Co (4568) currently trades at 40.25 TWD, while our model-based Fair Value estimate is 40.41 TWD, implying the stock looks roughly 0.4% fairly valued today. The Quality Score stands at 60/100 (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, Koge Micro Tech Co generated revenue of 1.2B TWD at a net margin of 3.9%. Revenue declined 6.7% year over year. It earns a return on equity of 4.1%. The balance sheet holds a net cash position of 576M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 31.33 TWD (bear case) to 52.22 TWD (bull case); at 40.25 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 18% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 0%, 4568 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 24.11 TWD 26.30 TWD 29.79 TWD 80
Residual Income 25.67 TWD 26.19 TWD 24.87 TWD 76
Rev-Margin DCF 30.66 TWD 39.13 TWD 49.45 TWD 74
All 24 models by family
DCF Models
FCF DCF 23.90 TWD 26.20 TWD 30.17 TWD 38
Owner Earnings 37.73 TWD 43.81 TWD 54.31 TWD 31
5Y Revenue Exit 30.66 TWD 39.01 TWD 51.11 TWD 39
5Y EBITDA Exit 40.72 TWD 56.13 TWD 76.38 TWD 41
5Y P/E Exit 34.56 TWD 45.63 TWD 58.69 TWD 38
10Y Revenue Exit 27.13 TWD 33.52 TWD 40.98 TWD 36
10Y EBITDA Exit 33.29 TWD 43.86 TWD 56.19 TWD 37
10Y P/E Exit 29.82 TWD 37.52 TWD 45.55 TWD 35
Earnings-Based
Graham-Dodd 13.53 TWD 23.26 TWD 28.44 TWD 54
EPV 32.80 TWD 35.16 TWD 37.13 TWD 59
Dividend Discount
Gordon GGM 15.46 TWD 18.79 TWD 21.99 TWD 70
DDM Multi-Stage 15.46 TWD 19.76 TWD 24.42 TWD 61
Multiples
P/E Multiple 31.33 TWD 41.78 TWD 52.22 TWD 63
P/S Multiple 25.36 TWD 33.82 TWD 42.27 TWD 58
P/B Multiple 25.36 TWD 33.82 TWD 42.27 TWD 55
EV/EBIT 46.15 TWD 56.37 TWD 66.59 TWD 53
EV/EBITDA 59.31 TWD 73.92 TWD 88.53 TWD 54
EV/Revenue 37.37 TWD 46.75 TWD 56.13 TWD 43
Asset-Based
NCAV (Graham) 17.17 TWD 23.01 TWD 34.35 TWD 50
Growth DCF
Growth DCF 24.11 TWD 26.30 TWD 29.79 TWD 80
Rev-Margin DCF 30.66 TWD 39.13 TWD 49.45 TWD 74
Economic Profit
Residual Income 25.67 TWD 26.19 TWD 24.87 TWD 76
ROIC Compounder 32.80 TWD 35.27 TWD 37.78 TWD 72
Growth Earnings
Growth-Adj P/E 22.13 TWD 31.61 TWD 41.09 TWD 68

Widest divergence: Multiples (41.78 TWD) versus Dividend Discount (18.79 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.2B TWD
Revenue growth (YoY) -6.7%
Net margin 3.9%
Return on equity 4.1%
Free cash flow 31.9M TWD FY2025
P/E ratio 20.3
More key figures
Operating margin 5.6%
EPS (TTM) 2.00 TWD
Dividend yield 5.1%
EPS growth (YoY) -53.4%
Net cash 576M TWD FY2023

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 49

Profitability 37
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 96
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 23
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.

About the company

Koge Micro Tech Co., Ltd. manufactures and sells air pumps, precision instruments, and medical equipment in Mainland China, Taiwan, the United States, and Vietnam.

Full company description

Koge Micro Tech Co., Ltd. manufactures and sells air pumps, precision instruments, and medical equipment in Mainland China, Taiwan, the United States, and Vietnam. The company offers DC rotary diaphragm, DC diaphragm, linear air, piezoelectric, and brushless DC centrifugal pumps, as well as solenoid valve; and medical devices, such as negative pressure wound therapy, deep vein thrombosis, and PVA. It also acts as a contract development and manufacturing organization. Its products are used in fuel cell, energy and environment, environmental monitoring, detection analysis, medical devices, automotive products, healthcare equipment, beauty care apparatus, and household appliance fields. The company was founded in 1978 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

Koge Micro Tech Co reported revenue of 1.2B TWD in FY2025 versus 1.4B TWD in FY2021, a compound −2.9%/yr. Reported net income was 63.5M TWD in FY2025, compounding −19.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.2B TWD
Latest YoY
+3.9%
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.
−2.2%
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.
+0.4%
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.
+0.2%
Revenue −2.9%/yr
FY21 1.4B TWD
FY22 1.3B TWD
FY23 1.0B TWD
FY24 1.2B TWD
FY25 1.2B TWD
Net income −19.2%/yr
FY21 149M TWD
FY22 149M TWD
FY23 33.2M TWD
FY24 88.7M TWD
FY25 63.5M TWD

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Cite: Fair Value Calculator (2026). "Koge Micro Tech Co Fair Value". https://www.fairvalue-calculator.com/stock/4568

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 60 · Above median
Fair Value upside +0% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth -7% · Below median
Dividend yield (TTM) 5.1% · Top 25%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 19.9× · Cheaper than median
P/B 1.16× · Cheaper than median
P/S (TTM) 1.06× · Cheaper than median
P/FCF 1.2× · Cheaper than median
EV/EBITDA 6.0× · Cheaper than 75% of peers

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 34 · sector 0
FUTURE 0 · sector 23
PAST 17 · 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.

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Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
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Frequently asked questions

Is Koge Micro Tech Co (4568) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 40.41 TWD versus a price of 40.25 TWD, about +0% (fairly valued).
What is the fair value of 4568?
Our model-based fair value for Koge Micro Tech Co is 40.41 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 40.25 TWD.
What is the quality score of 4568?
Koge Micro Tech Co has a Quality Score of 60/100. 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 Koge Micro Tech Co (4568)?
Koge Micro Tech 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 4568?
The net profit margin of Koge Micro Tech Co is about 3.9%, meaning it keeps roughly 3.9% of revenue as net income. Based on the latest reported figures.
Does Koge Micro Tech Co pay a dividend?
Koge Micro Tech Co currently shows a dividend yield of about 5.06% 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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