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Ko Ja (Cayman) Co (5215) Fair Value & Analysis

Technology · TW · Market cap 2.5B TWD

KJ Ko Ja (Cayman) Co 5215 · TW
Price38.20 TWD
Fair Value34.66 TWD
Upside-9.3%
Quality48/100
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Weak Growth
Thin margins · 5.7% net margin
Low debt · generates free cash flow
5.09% dividend yield
Ranks above peers (11/14)
Narrow moat 35/100
Evidence: High Range 25.99 TWD – 43.18 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Share price −9.2% over the past month.

Below-average quality, 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 25.99 TWD (bear) to 43.18 TWD (bull), base 34.66 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 48/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

118.85 TWD 32.50 TWD Fair Value 34.66 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 32.50 TWD – 118.85 TWD · fair‑value band 25.99 TWD – 43.18 TWD · the 38.20 TWD price screens above the 34.66 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Ko Ja (Cayman) Co (5215) currently trades at 38.20 TWD, while our model-based Fair Value estimate is 34.66 TWD, implying the stock looks roughly 9.3% fairly valued today. The Quality Score stands at 48/100 (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, Ko Ja (Cayman) Co generated revenue of 2.7B TWD at a net margin of 5.7%. Revenue grew 28.3% year over year. It earns a return on equity of 4.9%. The balance sheet holds a net cash position of 279M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 25.99 TWD (bear case) to 43.18 TWD (bull case); at 38.20 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 25% below its 52-week high and 15% 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 -9%, 5215 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 39.29 TWD 49.83 TWD 64.10 TWD 80
Residual Income 40.66 TWD 40.43 TWD 35.72 TWD 76
Rev-Margin DCF 30.62 TWD 39.95 TWD 50.17 TWD 74
All 24 models by family
DCF Models
FCF DCF 38.37 TWD 49.52 TWD 65.33 TWD 38
Owner Earnings 35.40 TWD 45.45 TWD 59.70 TWD 31
5Y Revenue Exit 30.62 TWD 39.42 TWD 50.35 TWD 39
5Y EBITDA Exit 42.21 TWD 59.58 TWD 79.32 TWD 41
5Y P/E Exit 36.22 TWD 49.16 TWD 62.24 TWD 38
10Y Revenue Exit 32.91 TWD 41.07 TWD 50.52 TWD 36
10Y EBITDA Exit 40.43 TWD 54.23 TWD 70.50 TWD 37
10Y P/E Exit 36.80 TWD 47.43 TWD 58.72 TWD 35
Earnings-Based
Graham-Dodd 13.86 TWD 27.95 TWD 35.16 TWD 54
EPV 20.34 TWD 22.24 TWD 23.88 TWD 59
Dividend Discount
Gordon GGM 21.96 TWD 31.18 TWD 40.39 TWD 70
DDM Multi-Stage 21.96 TWD 30.48 TWD 39.96 TWD 61
Multiples
P/E Multiple 30.58 TWD 40.78 TWD 50.97 TWD 63
P/S Multiple 26.00 TWD 34.66 TWD 43.33 TWD 58
P/B Multiple 26.00 TWD 34.66 TWD 43.33 TWD 55
EV/EBIT 36.19 TWD 45.49 TWD 54.78 TWD 53
EV/EBITDA 50.07 TWD 63.99 TWD 77.91 TWD 54
EV/Revenue 27.11 TWD 35.16 TWD 43.21 TWD 43
Asset-Based
NCAV (Graham) 27.66 TWD 37.06 TWD 55.32 TWD 50
Growth DCF
Growth DCF 39.29 TWD 49.83 TWD 64.10 TWD 80
Rev-Margin DCF 30.62 TWD 39.95 TWD 50.17 TWD 74
Economic Profit
Residual Income 40.66 TWD 40.43 TWD 35.72 TWD 76
ROIC Compounder 20.34 TWD 22.24 TWD 23.88 TWD 72
Growth Earnings
Growth-Adj P/E 22.27 TWD 31.81 TWD 41.35 TWD 68

Widest divergence: DCF Models (47.43 TWD) versus Earnings-Based (22.24 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.7B TWD
Revenue growth (YoY) +28.3%
Net margin 5.7%
Return on equity 4.9%
Free cash flow 196M TWD FY2025
P/E ratio 19.6
More key figures
Operating margin 8.5%
EPS (TTM) 2.02 TWD
Dividend yield 5.1%
EPS growth (YoY) +89.1%
Net cash 279M TWD FY2025

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 51 · Market factors (momentum, volatility) 53

Profitability 29
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 21
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

Ko Ja (Cayman) Co., Ltd. designs and manufactures service of membrane touch switches, back light modules, light guide plates and silicone rubber domes in Mainland China, Taiwan, and internationally.

Full company description

Ko Ja (Cayman) Co., Ltd. designs and manufactures service of membrane touch switches, back light modules, light guide plates and silicone rubber domes in Mainland China, Taiwan, and internationally. It offers keyboard membrane and capacitive and resistor membrane; input device membrane, MESH, and nameplate; blood glucose test strip and functional electrode; and conductive transparent ink membrane and resistive membrane. The company also provides conductive paste sales and management services; and chemical raw material sales and management services. Its products are used in applications of standalone keyboard, laptop keyboard, game console, electronic instruments, industrial control panel, medical devices, and automotive sections. The company was founded in 1975 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

Ko Ja (Cayman) Co reported revenue of 2.6B TWD in FY2025 versus 3.7B TWD in FY2021, a compound −8.5%/yr. Reported net income was 131M TWD in FY2025, compounding −30.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.6B TWD
Latest YoY
−4.6%
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.
+1.6%
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.
−7.1%
Avg. growth/yr (17Y) 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.
+2.9%
Revenue −8.5%/yr
FY21 3.7B TWD
FY22 2.5B TWD
FY23 2.5B TWD
FY24 2.7B TWD
FY25 2.6B TWD
Net income −30.2%/yr
FY21 554M TWD
FY22 297M TWD
FY23 177M TWD
FY24 241M TWD
FY25 131M TWD
Character of growth · EPS growth decomposed (2014-2025) −2.1 % p.a.
Revenue per share +2.1 pp

of which total revenue +3.7 pp · buybacks/dilution −1.6 pp

EBIT margin −3.4 pp
Tax rate −0.7 pp
Residual (interest, one-offs) +0.0 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).

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Cite: Fair Value Calculator (2026). "Ko Ja (Cayman) Co Fair Value". https://www.fairvalue-calculator.com/stock/5215

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 48 · Below median
Fair Value upside −9% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 28% · Above median
Dividend yield (TTM) 5.1% · Top 25%

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 19.6× · Cheaper than median
P/B 0.71× · Cheaper than 75% of peers
P/S (TTM) 0.93× · Cheaper than median
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 6.8× · 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 21 · sector 0
FUTURE 100 · sector 57
PAST 19 · sector 26
HEALTH 100 · sector 97
DIVIDEND 100 · sector 44

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 Ko Ja (Cayman) Co (5215) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 34.66 TWD versus a price of 38.20 TWD, about −9% (fairly valued).
What is the fair value of 5215?
Our model-based fair value for Ko Ja (Cayman) Co is 34.66 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 38.20 TWD.
What is the quality score of 5215?
Ko Ja (Cayman) Co has a Quality Score of 48/100. 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 Ko Ja (Cayman) Co (5215)?
Ko Ja (Cayman) Co reported trailing-twelve-month revenue of about 2.7B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 5215?
The net profit margin of Ko Ja (Cayman) Co is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does Ko Ja (Cayman) Co pay a dividend?
Ko Ja (Cayman) Co currently shows a dividend yield of about 4.74% 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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