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Cen Link Co (5254) Fair Value & Analysis

Technology · TW · Market cap 819M TWD

CL Cen Link Co 5254 · TWO
Price38.50 TWD
Fair Value47.64 TWD
Upside+23.7%
Quality71/100
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Healthy Growth
Thin margins · 7.5% net margin
Low debt · generates free cash flow
Ranks above peers (12/14)
Moderate moat 46/100
Evidence: High Range 32.13 TWD – 64.84 TWD Share as image

Fair value as of: Jul 23, 2026

From 25 valuation models · updated 18 days ago

Share price −5.2% over the past month.

A solid business, screening 24% undervalued on our models.

What matters now

  • A fairly wide model range (32.13 TWD to 64.84 TWD) leaves room in how you read the outcome.
  • Our model range runs from 32.13 TWD (bear) to 64.84 TWD (bull), base 47.64 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 71/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

57.80 TWD 12.13 TWD Fair Value 47.64 TWD Feb 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 12.13 TWD – 57.80 TWD · fair‑value band 32.13 TWD – 64.84 TWD · the 38.50 TWD price screens below the 47.64 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Cen Link Co (5254) currently trades at 38.50 TWD, while our model-based Fair Value estimate is 47.64 TWD, implying the stock looks roughly 23.7% undervalued today. The Quality Score stands at 71/100 (solid quality), in the Technology 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, Cen Link Co generated revenue of 722M TWD at a net margin of 7.5%. Revenue grew 11.5% year over year. It earns a return on equity of 12.4%. The balance sheet holds a net cash position of 126M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 32.13 TWD (bear case) to 64.84 TWD (bull case); at 38.50 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 39% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 24%, 5254 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 19.94 TWD 23.72 TWD 28.12 TWD 80
Residual Income 17.23 TWD 19.29 TWD 26.55 TWD 76
Rev-Margin DCF 26.34 TWD 37.39 TWD 48.91 TWD 74
All 25 models by family
DCF Models
FCF DCF 19.69 TWD 23.79 TWD 28.76 TWD 38
Owner Earnings 31.24 TWD 39.08 TWD 48.60 TWD 31
5Y Revenue Exit 26.34 TWD 37.28 TWD 50.73 TWD 39
5Y EBITDA Exit 38.13 TWD 57.95 TWD 80.00 TWD 41
5Y P/E Exit 37.61 TWD 57.05 TWD 76.23 TWD 38
10Y Revenue Exit 22.74 TWD 31.34 TWD 41.87 TWD 36
10Y EBITDA Exit 30.05 TWD 44.01 TWD 61.10 TWD 37
10Y P/E Exit 29.76 TWD 43.46 TWD 58.63 TWD 35
Earnings-Based
Graham-Dodd 16.20 TWD 34.90 TWD 44.36 TWD 54
PEG = 1.0 5.40 TWD 7.72 TWD 10.04 TWD 46
EPV 22.83 TWD 24.99 TWD 26.78 TWD 59
Dividend Discount
Gordon GGM 15.54 TWD 22.30 TWD 28.60 TWD 70
DDM Multi-Stage 15.54 TWD 21.13 TWD 26.66 TWD 61
Multiples
P/E Multiple 50.04 TWD 66.72 TWD 83.40 TWD 63
P/S Multiple 30.38 TWD 40.51 TWD 50.64 TWD 58
P/B Multiple 30.38 TWD 40.51 TWD 50.64 TWD 55
EV/EBIT 58.20 TWD 75.25 TWD 92.30 TWD 53
EV/EBITDA 58.11 TWD 75.13 TWD 92.15 TWD 54
EV/Revenue 32.91 TWD 43.99 TWD 55.08 TWD 43
Asset-Based
NCAV (Graham) 9.74 TWD 13.05 TWD 19.48 TWD 50
Growth DCF
Growth DCF 19.94 TWD 23.72 TWD 28.12 TWD 80
Rev-Margin DCF 26.34 TWD 37.39 TWD 48.91 TWD 74
Economic Profit
Residual Income 17.23 TWD 19.29 TWD 26.55 TWD 76
ROIC Compounder 23.13 TWD 25.93 TWD 28.77 TWD 72
Growth Earnings
Growth-Adj P/E 36.43 TWD 52.05 TWD 67.66 TWD 68

Widest divergence: Growth Earnings (52.05 TWD) versus Asset-Based (13.05 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 722M TWD
Revenue growth (YoY) +11.5%
Net margin 7.5%
Return on equity 12.4%
Free cash flow 32.8M TWD FY2025
P/E ratio 15.4
More key figures
Operating margin 5.5%
EPS (TTM) 2.35 TWD
EPS growth (YoY) +9.9%
Net cash 126M TWD FY2024

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

Quality Score breakdown

Overall quality 71/100

Of which business quality 68 · Market factors (momentum, volatility) 57

Profitability 52
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 94
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

Cen Link Co., Ltd., together with its subsidiaries, manufactures and trades in electronic and computer parts in Taiwan, China, and internationally.

Full company description

Cen Link Co., Ltd., together with its subsidiaries, manufactures and trades in electronic and computer parts in Taiwan, China, and internationally. The company offers battery, pin and female header, USB, SATA, DC power jack, pogo pin, PAD, spring pin, battery holder, mini USB, micro USB, machine pin, RJ jack, card reader, box header, audio jack, and customer design connectors. Its products are used in set top box, cellphone, DV/DSC, LCD, notebook, and other applications. The company was founded in 1981 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

Cen Link Co reported revenue of 722M TWD in FY2025 versus 887M TWD in FY2021, a compound −5.0%/yr. Reported net income was 53.9M TWD in FY2025, compounding −1.8%/yr from FY2021.

Growth Quality 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
722M TWD
Latest YoY
+14.7%
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.
−4.7%
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.
+2.2%
Avg. growth/yr (6Y) 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.
+3.7%
Revenue −5.0%/yr
FY21 887M TWD
FY22 834M TWD
FY23 599M TWD
FY24 629M TWD
FY25 722M TWD
Net income −1.8%/yr
FY21 58.0M TWD
FY22 106M TWD
FY23 41.5M TWD
FY24 69.4M TWD
FY25 53.9M TWD

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Cite: Fair Value Calculator (2026). "Cen Link Co Fair Value". https://www.fairvalue-calculator.com/stock/5254

Peer Group

Electronic Components · 625 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 71 · Top 25%
Fair Value upside +24% · Top 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth 12% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 15.4× · Cheaper than 75% of peers
P/B 1.86× · Cheaper than median
P/S (TTM) 1.14× · Cheaper than median
P/FCF 0.8× · Cheaper than median
EV/EBITDA 8.9× · 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 65 · sector 0
FUTURE 58 · sector 32
PAST 49 · sector 24
HEALTH 100 · sector 95
DIVIDEND 0 · sector 25

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

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Cen Link Co (5254) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 47.64 TWD versus a price of 38.50 TWD, about +24% (undervalued).
What is the fair value of 5254?
Our model-based fair value for Cen Link Co is 47.64 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 38.50 TWD.
What is the quality score of 5254?
Cen Link Co has a Quality Score of 71/100. 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 Cen Link Co (5254)?
Cen Link Co reported trailing-twelve-month revenue of about 722M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 5254?
The net profit margin of Cen Link Co is about 7.5%, meaning it keeps roughly 7.5% of revenue as net income. Based on the latest reported figures.

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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