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Parpro Corporation (4916) Fair Value & Analysis

Technology · TW · Market cap 12.8B TWD

PC Parpro Corporation 4916 · TW
Price104.00 TWD
Fair Value30.73 TWD
Upside-70.5%
Quality45/100
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Weak Growth
Solidly profitable · 18.2% net margin
Low debt · generates free cash flow
0.47% dividend yield
Mixed vs. peers (6/14)
Moderate moat 55/100
Evidence: High Range 20.01 TWD – 38.41 TWD Share as image

Fair value as of: Jul 23, 2026

From 25 valuation models · updated 18 days ago

Share price −3.7% over the past month.

Below-average quality, and screening another 70% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (38.41 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (20.01 TWD to 38.41 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

124.50 TWD 18.79 TWD Fair Value 30.73 TWD Mar 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 18.79 TWD – 124.50 TWD · fair‑value band 20.01 TWD – 38.41 TWD · the 104.00 TWD price screens above the 30.73 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Parpro Corporation (4916) currently trades at 104.00 TWD, while our model-based Fair Value estimate is 30.73 TWD, implying the stock looks roughly 70.5% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Parpro Corporation generated revenue of 3.8B TWD at a net margin of 18.2%. Revenue grew 23.4% year over year. It earns a return on equity of 21.8%. The balance sheet holds a net cash position of 13.5M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 20.01 TWD (bear case) to 38.41 TWD (bull case); at 104.00 TWD, the current price sits above 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 176% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -70%, 4916 screens richer 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 9.25 TWD 10.01 TWD 11.12 TWD 80
Residual Income 19.55 TWD 20.22 TWD 20.74 TWD 76
ROIC Compounder 25.56 TWD 30.48 TWD 36.95 TWD 72
All 25 models by family
DCF Models
FCF DCF 9.23 TWD 10.11 TWD 11.47 TWD 38
Owner Earnings 25.65 TWD 36.30 TWD 52.92 TWD 31
5Y Revenue Exit 21.79 TWD 34.04 TWD 50.24 TWD 39
5Y EBITDA Exit 26.49 TWD 42.97 TWD 62.77 TWD 41
5Y P/E Exit 21.81 TWD 34.08 TWD 47.31 TWD 38
10Y Revenue Exit 16.61 TWD 26.75 TWD 41.34 TWD 36
10Y EBITDA Exit 20.29 TWD 33.01 TWD 51.04 TWD 37
10Y P/E Exit 17.29 TWD 26.78 TWD 39.06 TWD 35
Earnings-Based
Graham-Dodd 10.45 TWD 35.12 TWD 47.06 TWD 54
Lynch FV 8.00 TWD 11.43 TWD 14.86 TWD 50
PEG = 1.0 8.00 TWD 11.43 TWD 14.86 TWD 46
EPV 25.35 TWD 28.28 TWD 30.84 TWD 59
Dividend Discount
Gordon GGM 3.12 TWD 6.48 TWD 10.28 TWD 70
DDM Multi-Stage 3.12 TWD 5.34 TWD 6.80 TWD 61
Multiples
P/E Multiple 23.05 TWD 30.73 TWD 38.41 TWD 63
P/S Multiple 19.59 TWD 26.12 TWD 32.65 TWD 58
P/B Multiple 19.59 TWD 26.12 TWD 32.65 TWD 55
EV/EBIT 39.63 TWD 50.25 TWD 60.87 TWD 53
EV/EBITDA 38.77 TWD 49.11 TWD 59.44 TWD 54
EV/Revenue 29.24 TWD 38.45 TWD 47.65 TWD 43
Asset-Based
NCAV (Graham) 12.34 TWD 16.54 TWD 24.69 TWD 50
Growth DCF
Growth DCF 9.25 TWD 10.01 TWD 11.12 TWD 80
Economic Profit
Residual Income 19.55 TWD 20.22 TWD 20.74 TWD 76
ROIC Compounder 25.56 TWD 30.48 TWD 36.95 TWD 72
Growth Earnings
Growth-Adj P/E 19.70 TWD 28.14 TWD 36.58 TWD 68

Widest divergence: DCF Models (33.01 TWD) versus Dividend Discount (5.34 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.8B TWD
Revenue growth (YoY) +23.4%
Net margin 18.2%
Return on equity 21.8%
Free cash flow 15.6M TWD FY2025
P/E ratio 68.5
More key figures
Operating margin 7.0%
EPS (TTM) 1.57 TWD
Dividend yield 0.4%
EPS growth (YoY) +653%
Net cash 13.5M TWD FY2025

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 44 · Market factors (momentum, volatility) 75

Profitability 35
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 26
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 29
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

Parpro Corporation provides electronic manufacturing services (EMS) and original equipment manufacturer (OEM) solutions. The company offers box build and system integration, precision machining, sheet metal fabrication, cable assembly and wire harness, testing and inspection, electro-mechanical assembly, and prototyping/NPI services.

Full company description

Parpro Corporation provides electronic manufacturing services (EMS) and original equipment manufacturer (OEM) solutions. The company offers box build and system integration, precision machining, sheet metal fabrication, cable assembly and wire harness, testing and inspection, electro-mechanical assembly, and prototyping/NPI services. It also provides manufacturing services, including product development, sourcing, procurement, and supply chain management, as well as high-mix, and low and mid-volume production; PCB assembly, electro-mechanical manufacturing, and full system integration services; lifecycle management services; and supply chain management services. The company serves the aerospace and defense, communications, industrial and EV, computer and storage, medical, and gaming industries. The company was founded in 2001 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Parpro Corporation reported revenue of 3.6B TWD in FY2025 versus 2.1B TWD in FY2021, a compound +14.5%/yr. Reported net income was 190M TWD in FY2025, compounding +15.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.6B TWD
Latest YoY
+0.9%
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.
+9.1%
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.
+1.3%
Avg. growth/yr (16Y) 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.
+10.9%
Revenue +14.5%/yr
FY21 2.1B TWD
FY22 2.8B TWD
FY23 3.4B TWD
FY24 3.6B TWD
FY25 3.6B TWD
Net income +15.6%/yr
FY21 106M TWD
FY22 99.5M TWD
FY23 80.3M TWD
FY24 1.5M TWD
FY25 190M TWD
Character of growth · EPS growth decomposed (2014-2025) −1.8 % p.a.
Revenue per share +3.0 pp

of which total revenue +7.3 pp · buybacks/dilution −4.2 pp

EBIT margin +2.6 pp
Tax rate −3.8 pp
Residual (interest, one-offs) −3.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

4916 screens 70% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Parpro Corporation Fair Value". https://www.fairvalue-calculator.com/stock/4916

Peer Group

Computer Hardware · 215 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 45 · Below median
Fair Value upside −71% · Bottom 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 7% · Above median
Revenue growth 23% · Above median
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 65.9× · Pricier than 75% of peers
P/B 4.19× · Pricier than 75% of peers
P/S (TTM) 3.36× · Pricier than 75% of peers
P/FCF 25.5× · Pricier than 75% of peers
EV/EBITDA 35.2× · Pricier 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 0 · sector 0
FUTURE 100 · sector 57
PAST 87 · sector 26
HEALTH 97 · sector 97
DIVIDEND 9 · sector 44

VALUE 0: the price sits above our fair-value range.

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is Parpro Corporation (4916) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 30.73 TWD versus a price of 104.00 TWD, about −70% (overvalued).
What is the fair value of 4916?
Our model-based fair value for Parpro Corporation is 30.73 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 104.00 TWD.
What is the quality score of 4916?
Parpro Corporation has a Quality Score of 45/100. 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 Parpro Corporation (4916)?
Parpro Corporation reported trailing-twelve-month revenue of about 3.8B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 4916?
The net profit margin of Parpro Corporation is about 18.2%, meaning it keeps roughly 18.2% of revenue as net income. Based on the latest reported figures.
Does Parpro Corporation pay a dividend?
Parpro Corporation currently shows a dividend yield of about 0.44% 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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