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Apex International Co Ltd (4927) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Apex International Co Ltd stock TWD 12.50, price TWD 49.30, that is 74.6% below the price, quality 19 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Technology TW · ISIN KYG0407M1033

AI Apex International Co Ltd logo Thin data Nov 8, 2026

Apex International Co Ltd

4927 · TW
Very expensive, weak quality

Our calculation puts a fair price 75% below what the stock costs today.

Low debt
Mixed Growth (revenue 5y −0.4 %/yr in TWD)
Fair value 12.50 TWD · Strongly overvalued
Quality 19/100
Loss-making · -25.5% net margin (TTM)
Negative free cash flow
Trails peers (1/10)
Narrow moat 9/100
Thin data
⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

124.48 TWD 19.85 TWD Fair Value 12.50 TWD Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range 19.85 TWD – 124.48 TWD · fair‑value band 9.32 TWD – 18.66 TWD · the 49.30 TWD price screens above the 12.50 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

Apex International Co., Ltd. manufactures, processes, trades, and sells printed circuit boards in Singapore, Thailand, Vietnam, South Korea, Hong Kong, and internationally.

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The company provides single-sided, double-sided, and multi-layer printed circuit boards used in LCD TVs, set-top boxes, hard disks, printers, and multimedia equipment for automobiles. It also offers home appliances, PC-related appliances, communication appliances, and auto parts appliances.

The company was founded in 2001 and is based in Grand Cayman, the Cayman Islands.

Stock analysis

Apex International Co Ltd (4927) currently trades at 49.30 TWD, while our model-based Fair Value estimate is 12.50 TWD, 75% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: 9.32 TWD (bear) to 18.66 TWD (bull), the price of 49.30 TWD sits above 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 19/100 (below-average quality), in the Technology sector.

Mixed Growth: Spin-off in 2017: revenue and profit before it include the divested business. Growth is measured afresh from 2017.

Apex International Co Ltd reported revenue of 11.6B TWD in FY2025 versus 14.8B TWD in FY2021, a compound −5.9%/yr. Reported net income was −2.0B TWD in FY2025.

Key figures

Market cap 13.1B TWD (≈ $398M) Small · P/S ratio 1.32 · EPS (TTM) −11.45 TWD · Net margin −25.5% · Return on equity −57.0% · Return on assets (EBIT) −1.2% (5-year average) · Operating margin −19.2% · Revenue (TTM) 11.3B TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 20% below its 52-week high and 142% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −75%, 4927 screens richer than that median.

Fair Value models

Bear 9.32 TWD Fair Value 12.50 TWD Bull 18.66 TWD
Price 49.30 TWD · Downside -74.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham) 10.97 TWD 14.71 TWD 21.95 TWD 54
All 1 models by family
Asset-Based
NCAV (Graham) 10.97 TWD 14.71 TWD 21.95 TWD 54

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 19/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 8
How much profit the company makes from its sales and capital
Quality Growth 24
Are margins and returns getting better?
Cashflow 1
Do the profits arrive as real cash?
Financial strength 16
Debt, balance sheet and risk of trouble
Investment 92
Does it invest with discipline instead of growing at any price?
Low Volatility 19
How calm the share price moves, does not count
Price momentum 73
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 85
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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
Spin-off in 2017: revenue and profit before it include the divested business. Growth is measured afresh from 2017.
Revenue growth 1 year
−6.8%
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.
−8.0%
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.
−0.4%
Start year 2020 (pandemic)
Revenue growth 8 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.
+1.4%
Profit margin (trend) ⓘ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.
10.7% (2020) → −14.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

4927 screens overvalued: fair value 75% below the price. Compare with Amphenol Corporation →

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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.Electronic Components · 653 stocks

Beats the industry median on 1/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 19 · Bottom 25%
Fair Value upside −74.6% · Bottom 25%
Profitability
Return on assets −10.3% · Bottom 25%
Net margin (12 months) −25.5% · Bottom 25%
Operating margin (12 months) −19.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 1.9% · Below median
Balance sheet
Debt / equity 0.33× · Highest 25%

Valuation Multiplesvs Electronic Components median · lower = cheaper

P/B 2.22× · Pricier than median
P/S (12 months) 1.16× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)10 · sector 70
PAST (return on equity)0 · sector 28
HEALTH (low debt)84 · sector 95
DIVIDEND (yield)0 · sector 27

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

Context: sector, industry, market

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

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Hon Hai Precision Industry Co 2317 239.00 TWD 292.29 TWD +22% vs 4927
TE Connectivity plc TEL $207.01 $224.30 +8% vs 4927
Asia Vital Components Co 3017 2,540 TWD 2,737 TWD +8% vs 4927
Shengyi Technology Co 600183 ¥70.49 ¥66.42 −6% vs 4927
Amphenol Corporation APH $74.59 $69.74 −7% vs 4927
Celestica Inc CLS $206.68 $109.91 −47% vs 4927
Delta Electronics, Inc 2308 1,160 TWD 519.57 TWD −55% vs 4927
Luxshare Precision Industry Co 002475 ¥50.05 ¥18.44 −63% vs 4927
Corning Incorporated GLW $106.13 $33.72 −68% vs 4927
Samsung Electro-Mechanics Co 009150 870,000 KRW 171,572 KRW −80% vs 4927

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Apex International Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Apex International Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4927

Frequently asked questions

Is Apex International Co Ltd (4927) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 12.50 TWD versus a price of 49.30 TWD, about 75% lower (overvalued).
What is the fair value of 4927?
Our model-based fair value for Apex International Co Ltd is 12.50 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 49.30 TWD.
What is the quality score of 4927?
Apex International Co Ltd has a Quality Score of 19/100. 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 Apex International Co Ltd (4927)?
Our model-based price target is the fair value of 12.50 TWD (as of Nov 8, 2026) from 1 valuation models. Cautious scenario 9.32 TWD, optimistic scenario 18.66 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Apex International Co Ltd stock forecast for 2026?
Our models put fair value at 12.50 TWD, about 75% lower versus a price of 49.30 TWD (overvalued). Cautious scenario 9.32 TWD, optimistic scenario 18.66 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Apex International Co Ltd (4927)?
Apex International Co Ltd reported trailing-twelve-month revenue of about 11.3B TWD (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Apex International Co Ltd (4927)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Apex International Co Ltd it is 12.50 TWD per share (as of Nov 8, 2026), against a price of 49.30 TWD. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Apex International Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 4927 trades above its calculated fair value: price 49.30 TWD, fair value 12.50 TWD, a gap of about −75% (overvalued). 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 4927?
No. The price is what the market pays today (49.30 TWD); the fair value is what the company's own numbers justify (12.50 TWD). For Apex International Co Ltd the two are 36.80 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Apex International Co Ltd worth?
The market values Apex International Co Ltd at about 13.1B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 49.30 TWD; our models calculate a fair value of 12.50 TWD per share.
What do the bullish and bearish scenarios say about 4927?
Our models span a range for Apex International Co Ltd: cautious scenario 9.32 TWD, base 12.50 TWD, optimistic 18.66 TWD per share (as of Nov 8, 2026, price 49.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Apex International Co Ltd (4927)?
Balance-sheet figures for Apex International Co Ltd (as of Nov 8, 2026): return on equity −57.0%, debt of 0.33 per unit of equity. They feed the Quality Score of 19/100, which measures business quality independently of the share price.
How far is 4927 from its 52-week high?
Apex International Co Ltd trades at 49.30 TWD, about 20% below its 52-week high of 61.90 TWD and 142% above the low of 20.35 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 12.50 TWD is for.
Which stocks are comparable to Apex International Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, 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 Apex International Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 49.30 TWD, calculated fair value 12.50 TWD (−75%), Quality Score 19/100, from 1 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 4927 calculated?
We run Apex International Co Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 12.50 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Apex International 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 Apex International Co Ltd (4927)?
The closing price on Nov 9, 2026 was 49.30 TWD. Our model-based fair value is 12.50 TWD, about 75% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Apex International Co Ltd right now?
The price sits above even our optimistic bull case (18.66 TWD). The favourable scenario is already priced in. Weak quality (19/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (9.32 TWD to 18.66 TWD) leaves room in how you read the outcome.

Key figures of Apex International Co Ltd

How large is the market capitalisation of Apex International Co Ltd (4927)?
The market capitalisation of Apex International Co Ltd is 13.1B TWD (≈ $398M). 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 Apex International Co Ltd (4927)?
The price-to-sales ratio of Apex International Co Ltd is 1.32 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Apex International Co Ltd (4927)?
Earnings per share at Apex International Co Ltd are −11.45 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Apex International Co Ltd (4927)?
The net margin of Apex International Co Ltd is −25.5% (last twelve months). 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 Apex International Co Ltd (4927)?
The return on equity (ROE) of Apex International Co Ltd is −57.0% (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 Apex International Co Ltd (4927)?
On an EBIT basis the return on assets of Apex International Co Ltd is −1.2% (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 Apex International Co Ltd (4927)?
The operating margin of Apex International Co Ltd is −19.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Apex International Co Ltd (4927)?
Revenue at Apex International Co Ltd is growing +1.9% versus a year earlier (3y avg −8.0%). 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 Apex International Co Ltd (4927)?
Earnings per share at Apex International Co Ltd are growing −92.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Apex International Co Ltd (4927) generate?
The free cash flow of Apex International Co Ltd is −1.2B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Apex International Co Ltd (4927) carry?
The net debt of Apex International Co Ltd is 9.3B TWD (fiscal year 2025). 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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