Motion Technology Electric & Machinery Co., Ltd. (4589) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Motion Technology Electric & Machinery Co., Ltd. TWD 42.11, price TWD 32.00, upside +31.6%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
41‑month range 31.30 TWD – 57.10 TWD · fair‑value band 29.52 TWD – 54.81 TWD · the 32.00 TWD price screens below the 42.11 TWD fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Motion Technology Electric & Machinery Co., Ltd., together with its subsidiary, designs, manufactures, and sells motors for use in medical appliances, electric wheelchairs, mobility scooters, and elevators and transmission systems.
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Motion Technology Electric & Machinery Co., Ltd., together with its subsidiary, designs, manufactures, and sells motors for use in medical appliances, electric wheelchairs, mobility scooters, and elevators and transmission systems. The company offers brush DC motors, brushless DC motors, BLDC drivers, servo motors, induction motors, reluctance motor controls, electric logistic equipment, and other products. It sells its products to the United States, Europe, Australia, South Korea, India, and internationally. The company was founded in 2002 and is headquartered in Taoyuan City, Taiwan.
Stock analysis
Motion Technology Electric & Machinery Co., Ltd. (4589) currently trades at 32.00 TWD, while our model-based Fair Value estimate is 42.11 TWD, implying the stock looks roughly 24.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 44.86 TWD per share, and 18 of the 24 models we run sit above the 32.00 TWD price.
Bear case: the Asset-Based group reads lowest at 14.95 TWD, and 6 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 29.52 TWD (bear) to 54.81 TWD (bull), the price of 32.00 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 52/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Motion Technology Electric & Machinery Co., Ltd. reported revenue of 913M TWD in FY2024 versus 744M TWD in FY2021, a compound +7.0%/yr. Reported net income was 68.0M TWD in FY2024, compounding +30.0%/yr from FY2021.
Key figures
Market cap 914M TWD (≈ $28.8M) · P/E ratio 39.5 · P/S ratio 2.94 · EPS (TTM) 0.8100 TWD · Net margin 7.4% · Return on assets (EBIT) 6.3% · Free cash flow 65.8M TWD · Net debt 27.4M TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −28% fair-value upside, at 32%, 4589 screens cheaper than that median.
Fair Value models
Bear 29.52 TWDFair Value 42.11 TWDBull 54.81 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 2024 figures (about 12 months old). Earnings retained since then (0.8100 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.55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.9%
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.
+7.0%
’21
’22
’23
’24
What shareholders gained per year (last 3 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 3 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.
+3.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.2%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2024 ⓘ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.3% → 9%
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
+0.1%
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 −1.4% a year for the price.
Compare Motion Technology Electric & Machinery 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.Electrical Equipment & Parts · 553 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+32% · Top 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)7% · Above median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.33× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts 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). "Motion Technology Electric & Machinery Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/4589
Frequently asked questions
Is Motion Technology Electric & Machinery Co., Ltd. (4589) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 42.11 TWD versus a price of 32.00 TWD, about +32% upside (undervalued).
What is the fair value of 4589?
Our model-based fair value for Motion Technology Electric & Machinery Co., Ltd. is 42.11 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 32.00 TWD.
What is the quality score of 4589?
Motion Technology Electric & Machinery Co., Ltd. has a Quality Score of 52/100. 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 Motion Technology Electric & Machinery Co., Ltd. (4589)?
Our model-based price target is the fair value of 42.11 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 29.52 TWD, optimistic scenario 54.81 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Motion Technology Electric & Machinery Co., Ltd. stock forecast for 2026?
Our models put fair value at 42.11 TWD, about +32% upside versus a price of 32.00 TWD (undervalued). Cautious scenario 29.52 TWD, optimistic scenario 54.81 TWD. The calculation is refreshed regularly with new filings.
What growth is priced into Motion Technology Electric & Machinery Co., Ltd. (4589)?
For today's price to be fair in a discounted-cash-flow model, Motion Technology Electric & Machinery Co., Ltd. would have to grow free cash flow by +0.1 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +7.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 4589 use?
Our models discount Motion Technology Electric & Machinery Co., Ltd. at 10.3 %: a base by market capitalisation (nano), 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 Motion Technology Electric & Machinery Co., Ltd. that is +0.1 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Motion Technology Electric & Machinery Co., Ltd. (4589) delivered so far?
Over the past 3 years revenue at Motion Technology Electric & Machinery Co., Ltd. grew +7.0 % a year. The price currently implies +0.1 % 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 Motion Technology Electric & Machinery Co., Ltd. (4589) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Motion Technology Electric & Machinery Co., Ltd. (+0.1 % 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 Motion Technology Electric & Machinery Co., Ltd. (4589)?
The free-cash-flow yield on the price is 7.89 %: that much free cash flow Motion Technology Electric & Machinery Co., Ltd. produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Motion Technology Electric & Machinery Co., Ltd. (4589)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Motion Technology Electric & Machinery Co., Ltd. it is 42.11 TWD per share (as of Sep 24, 2026), against a price of 32.00 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Motion Technology Electric & Machinery Co., Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 4589 trades below its calculated fair value: price 32.00 TWD, fair value 42.11 TWD, a gap of about +32% (undervalued). 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 4589?
No. The price is what the market pays today (32.00 TWD); the fair value is what the company's own numbers justify (42.11 TWD). For Motion Technology Electric & Machinery Co., Ltd. the two are 10.11 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Motion Technology Electric & Machinery Co., Ltd. worth?
The market values Motion Technology Electric & Machinery Co., Ltd. at about 914M TWD (market capitalisation, as of Sep 24, 2026). Per share that is 32.00 TWD; our models calculate a fair value of 42.11 TWD per share.
What do the bullish and bearish scenarios say about 4589?
Our models span a range for Motion Technology Electric & Machinery Co., Ltd.: cautious scenario 29.52 TWD, base 42.11 TWD, optimistic 54.81 TWD per share (as of Sep 24, 2026, price 32.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4589?
Motion Technology Electric & Machinery Co., Ltd. trades at a price-to-earnings ratio of 39.5 (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 42.11 TWD is built from several models across several years. Other multiples: P/B 0.1.
How solid is the balance sheet of Motion Technology Electric & Machinery Co., Ltd. (4589)?
Balance-sheet figures for Motion Technology Electric & Machinery Co., Ltd. (as of Sep 24, 2026): debt of 0.33 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 4589 from its 52-week high?
Motion Technology Electric & Machinery Co., Ltd. trades at 32.00 TWD, about 35% below its 52-week high of 48.91 TWD and 2% above the low of 31.30 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 42.11 TWD is for.
Which stocks are comparable to Motion Technology Electric & Machinery Co., Ltd.?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Prysmian S.p.A, 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 Motion Technology Electric & Machinery Co., Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 32.00 TWD, calculated fair value 42.11 TWD (+32%), Quality Score 52/100, from 24 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 4589 calculated?
We run Motion Technology Electric & Machinery Co., Ltd. through 24 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 42.11 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 14.0 % above its aggregate fair value. Motion Technology Electric & Machinery Co., Ltd. currently trades 32 % below its own fair value, and the market average says nothing about that. 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 Motion Technology Electric & Machinery Co., Ltd. (4589)?
The closing price on Sep 24, 2026 was 32.00 TWD. Our model-based fair value is 42.11 TWD, about +32% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Motion Technology Electric & Machinery Co., Ltd. right now?
Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (29.52 TWD to 54.81 TWD) leaves room in how you read the outcome.
Key figures of Motion Technology Electric & Machinery Co., Ltd.
How large is the market capitalisation of Motion Technology Electric & Machinery Co., Ltd. (4589)?
The market capitalisation of Motion Technology Electric & Machinery Co., Ltd. is 914M TWD (≈ $28.8M). 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 Motion Technology Electric & Machinery Co., Ltd. (4589)?
The price-to-sales ratio of Motion Technology Electric & Machinery Co., Ltd. is 2.94 (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 Motion Technology Electric & Machinery Co., Ltd. (4589)?
Earnings per share at Motion Technology Electric & Machinery Co., Ltd. are 0.8100 TWD (price ÷ EPS = P/E 39.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Motion Technology Electric & Machinery Co., Ltd. (4589)?
The net margin of Motion Technology Electric & Machinery Co., Ltd. is 7.4% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Motion Technology Electric & Machinery Co., Ltd. (4589)?
On an EBIT basis the return on assets of Motion Technology Electric & Machinery Co., Ltd. is 6.3% (avg 4y). 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.
How much net debt does Motion Technology Electric & Machinery Co., Ltd. (4589) carry?
The net debt of Motion Technology Electric & Machinery Co., Ltd. is 27.4M TWD (fiscal year 2024, ≈ 0.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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