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Khgears International Limited (4571) Fair Value & Analysis

Industrials · TW · Market cap 7.9B TWD

KI Khgears International Limited 4571 · TW
Price173.00 TWD
Fair Value185.73 TWD
Upside+7.4%
Quality74/100
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Healthy Growth
Solidly profitable · 15.6% net margin
Low debt · generates free cash flow
3.53% dividend yield
Ranks above peers (11/14)
Moderate moat 64/100
Evidence: High Range 130.18 TWD – 228.09 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price +4.5% 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 130.18 TWD (bear) to 228.09 TWD (bull), base 185.73 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 74/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

274.50 TWD 62.54 TWD Fair Value 185.73 TWD Mar 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 62.54 TWD – 274.50 TWD · fair‑value band 130.18 TWD – 228.09 TWD · the 173.00 TWD price screens below the 185.73 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Khgears International Limited (4571) currently trades at 173.00 TWD, while our model-based Fair Value estimate is 185.73 TWD, implying the stock looks roughly 7.4% fairly valued today. The Quality Score stands at 74/100 (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, Khgears International Limited generated revenue of 3.0B TWD at a net margin of 15.6%. Revenue declined 8.3% year over year. It earns a return on equity of 14.4%. The balance sheet holds a net cash position of 850M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 130.18 TWD (bear case) to 228.09 TWD (bull case); at 173.00 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 28% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at 7%, 4571 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 129.61 TWD 184.94 TWD 262.59 TWD 80
Residual Income 60.95 TWD 77.15 TWD 170.84 TWD 76
Rev-Margin DCF 102.20 TWD 149.62 TWD 205.87 TWD 74
All 26 models by family
DCF Models
FCF DCF 128.61 TWD 192.71 TWD 289.32 TWD 38
Owner Earnings 125.46 TWD 187.75 TWD 281.64 TWD 31
5Y Revenue Exit 102.20 TWD 149.08 TWD 208.68 TWD 39
5Y EBITDA Exit 129.77 TWD 201.73 TWD 286.52 TWD 41
5Y P/E Exit 143.13 TWD 227.25 TWD 317.08 TWD 38
10Y Revenue Exit 108.66 TWD 153.69 TWD 214.32 TWD 36
10Y EBITDA Exit 128.20 TWD 189.83 TWD 273.54 TWD 37
10Y P/E Exit 136.59 TWD 207.35 TWD 296.78 TWD 35
Earnings-Based
Graham-Dodd 64.87 TWD 222.94 TWD 299.30 TWD 54
Lynch FV 51.42 TWD 73.46 TWD 95.50 TWD 50
PEG = 1.0 51.42 TWD 73.46 TWD 95.50 TWD 46
EPV 97.53 TWD 110.29 TWD 121.30 TWD 59
Dividend Discount
Gordon GGM 45.25 TWD 90.16 TWD 136.53 TWD 70
DDM Multi-Stage 45.25 TWD 76.98 TWD 95.17 TWD 61
Multiples
P/E Multiple 150.26 TWD 200.34 TWD 250.43 TWD 63
P/S Multiple 88.08 TWD 117.44 TWD 146.79 TWD 58
P/B Multiple 121.64 TWD 162.18 TWD 202.73 TWD 55
EV/EBIT 146.59 TWD 189.89 TWD 233.19 TWD 53
EV/EBITDA 143.78 TWD 186.14 TWD 228.50 TWD 54
EV/Revenue 90.68 TWD 122.39 TWD 154.10 TWD 43
Asset-Based
NCAV (Graham) 30.28 TWD 40.58 TWD 60.57 TWD 50
Growth DCF
Growth DCF 129.61 TWD 184.94 TWD 262.59 TWD 80
Rev-Margin DCF 102.20 TWD 149.62 TWD 205.87 TWD 74
Economic Profit
Residual Income 60.95 TWD 77.15 TWD 170.84 TWD 76
ROIC Compounder 103.89 TWD 126.95 TWD 153.98 TWD 72
Growth Earnings
Growth-Adj P/E 128.71 TWD 183.88 TWD 239.04 TWD 68

Widest divergence: DCF Models (189.83 TWD) versus Asset-Based (40.58 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.0B TWD
Revenue growth (YoY) -8.3%
Net margin 15.6%
Return on equity 14.4%
Free cash flow 527M TWD FY2025
P/E ratio 15.9
More key figures
Operating margin 19.0%
EPS (TTM) 9.57 TWD
Dividend yield 3.5%
EPS growth (YoY) -19.7%
Net cash 850M TWD FY2025

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

Quality Score breakdown

Overall quality 74/100

Of which business quality 73 · Market factors (momentum, volatility) 41

Profitability 61
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 89
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

Khgears International Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of gears and gearboxes in Asia, the United States, and Europe.

Full company description

Khgears International Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of gears and gearboxes in Asia, the United States, and Europe. The company offers mid-mounted motors, industrial robot transmissions, quality control products, power tool gears, electric bicycles, sewing machines, precision reducers, harmonic reducer series, pneumatic tools, automobiles and new energy vehicles, medical devices, yacht outboard motors, fishing gears, and garden tools, as well as bevel gears, cylindrical gears, powder metallurgy gears, and gearboxes. It serves the power and garden tools, sewing machines, yachts, robotic arms, and electric vehicle industries. Khgears International Limited was incorporated in 2014 and is based in Zhuhai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Khgears International Limited reported revenue of 3.1B TWD in FY2025 versus 2.7B TWD in FY2021, a compound +2.9%/yr. Reported net income was 498M TWD in FY2025, compounding +6.1%/yr from FY2021.

Growth Quality 86/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.1B TWD
Latest YoY
+0.1%
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.
+7.8%
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.
+8.2%
Avg. growth/yr (9Y) 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.
+13.3%
Revenue +2.9%/yr
FY21 2.7B TWD
FY22 2.4B TWD
FY23 2.3B TWD
FY24 3.1B TWD
FY25 3.1B TWD
Net income +6.1%/yr
FY21 394M TWD
FY22 351M TWD
FY23 274M TWD
FY24 477M TWD
FY25 498M TWD

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Cite: Fair Value Calculator (2026). "Khgears International Limited Fair Value". https://www.fairvalue-calculator.com/stock/4571

Peer Group

Tools & Accessories · 119 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 74 · Top 25%
Fair Value upside +7% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 3.5% · Top 25%

Valuation Multiples vs Tools & Accessories median · lower = cheaper

P/E (TTM) 15.9× · Cheaper than median
P/B 2.51× · Pricier than median
P/S (TTM) 2.65× · Pricier than median
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 10.4× · 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 43 · sector 3
FUTURE 0 · sector 14
PAST 58 · sector 28
HEALTH 100 · sector 96
DIVIDEND 71 · sector 36

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 Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Techtronic Industries Company 0669 HK$129.60 HK$81.05 -37%
Snap-on Incorporated SNA $410.99 $350.46 -15%
RBC Bearings Incorporated RBC $595.49 $184.29 -69%
Lincoln Electric Holdings LECO $252.58 $154.80 -39%
Stanley Black & Decker, Inc SWK $88.22 $54.24 -39%
AB SKF (publ) SKFB kr 258.90 kr 192.57 -26%
The Timken Company TKR $139.47 $66.33 -52%
The Toro Company TTC $94.42 $69.71 -26%
SFS Group SFSN CHF 140.00 CHF 118.30 -16%
Hangzhou Greatstar Industrial Co 002444 ¥29.33 ¥35.72 +22%

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Frequently asked questions

Is Khgears International Limited (4571) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 185.73 TWD versus a price of 173.00 TWD, about +7% (fairly valued).
What is the fair value of 4571?
Our model-based fair value for Khgears International Limited is 185.73 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 173.00 TWD.
What is the quality score of 4571?
Khgears International Limited has a Quality Score of 74/100. 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 Khgears International Limited (4571)?
Khgears International Limited reported trailing-twelve-month revenue of about 3.0B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 4571?
The net profit margin of Khgears International Limited is about 15.6%, meaning it keeps roughly 15.6% of revenue as net income. Based on the latest reported figures.
Does Khgears International Limited pay a dividend?
Khgears International Limited currently shows a dividend yield of about 3.53% 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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