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Heran Co (5283) Fair Value & Analysis

Technology · TW · Market cap 4.7B TWD

HC Heran Co 5283 · TW
Price53.70 TWD
Fair Value89.72 TWD
Upside+67.1%
Quality52/100
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Weak Growth
Thin margins · 8.1% net margin
Low debt · generates free cash flow
0.75% dividend yield
Ranks above peers (9/14)
Narrow moat 39/100
Evidence: High Range 61.82 TWD – 115.35 TWD Share as image

Fair value as of: Jul 21, 2026

From 25 valuation models · updated 20 days ago

Share price +1.3% over the past month.

A solid business, screening 67% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (61.82 TWD). The market is more pessimistic than our downside scenario.
  • 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 (61.82 TWD to 115.35 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

4,518 TWD 51.30 TWD Fair Value 89.72 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 51.30 TWD – 4,518 TWD · fair‑value band 61.82 TWD – 115.35 TWD · the 53.70 TWD price screens below the 89.72 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Heran Co (5283) currently trades at 53.70 TWD, while our model-based Fair Value estimate is 89.72 TWD, implying the stock looks roughly 67.1% undervalued today. The Quality Score stands at 52/100 (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, Heran Co generated revenue of 6.4B TWD at a net margin of 8.1%. Revenue declined 3.4% year over year. It earns a return on equity of 11.3%. Net debt stands at 187M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 61.82 TWD (bear case) to 115.35 TWD (bull case); at 53.70 TWD, the current price sits below 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. For context, the median of 10 Technology peers we cover trades at -16% fair-value upside, at 67%, 5283 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 62.09 TWD 82.36 TWD 108.76 TWD 80
Residual Income 47.57 TWD 52.96 TWD 86.35 TWD 76
Rev-Margin DCF 59.77 TWD 87.15 TWD 116.37 TWD 74
All 25 models by family
DCF Models
FCF DCF 60.67 TWD 82.56 TWD 112.31 TWD 38
Owner Earnings 84.24 TWD 115.74 TWD 158.57 TWD 31
5Y Revenue Exit 59.77 TWD 86.54 TWD 119.34 TWD 39
5Y EBITDA Exit 74.96 TWD 113.44 TWD 156.31 TWD 41
5Y P/E Exit 73.21 TWD 110.34 TWD 147.19 TWD 38
10Y Revenue Exit 58.10 TWD 81.64 TWD 110.48 TWD 36
10Y EBITDA Exit 68.89 TWD 99.39 TWD 136.72 TWD 37
10Y P/E Exit 67.82 TWD 97.34 TWD 130.25 TWD 35
Earnings-Based
Graham-Dodd 38.28 TWD 87.85 TWD 112.68 TWD 54
PEG = 1.0 14.70 TWD 21.00 TWD 27.30 TWD 46
EPV 51.25 TWD 58.23 TWD 64.25 TWD 59
Dividend Discount
Gordon GGM 3.66 TWD 5.95 TWD 8.48 TWD 70
DDM Multi-Stage 3.66 TWD 5.29 TWD 7.03 TWD 61
Multiples
P/E Multiple 84.44 TWD 112.58 TWD 140.73 TWD 63
P/S Multiple 71.77 TWD 95.70 TWD 119.62 TWD 58
P/B Multiple 71.77 TWD 95.70 TWD 119.62 TWD 55
EV/EBIT 89.75 TWD 117.31 TWD 144.88 TWD 53
EV/EBITDA 94.70 TWD 123.92 TWD 153.14 TWD 54
EV/Revenue 62.79 TWD 86.68 TWD 110.58 TWD 43
Asset-Based
NCAV (Graham) 27.41 TWD 36.73 TWD 54.82 TWD 50
Growth DCF
Growth DCF 62.09 TWD 82.36 TWD 108.76 TWD 80
Rev-Margin DCF 59.77 TWD 87.15 TWD 116.37 TWD 74
Economic Profit
Residual Income 47.57 TWD 52.96 TWD 86.35 TWD 76
ROIC Compounder 51.25 TWD 59.33 TWD 69.14 TWD 72
Growth Earnings
Growth-Adj P/E 63.69 TWD 90.99 TWD 118.28 TWD 68

Widest divergence: DCF Models (97.34 TWD) versus Dividend Discount (5.29 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 6.4B TWD
Revenue growth (YoY) -3.4%
Net margin 8.1%
Return on equity 11.3%
Free cash flow 465M TWD FY2025
P/E ratio 9.6
More key figures
Operating margin -0.6%
EPS (TTM) 5.59 TWD
Dividend yield 0.8%
EPS growth (YoY) +73.3%
Net debt 187M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 54 · Market factors (momentum, volatility) 32

Profitability 50
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 9
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

Heran Co., Ltd. manufactures and sells home appliances in Taiwan. It offers household, light commercial, commercial, and other air conditioners; liquid crystal products, LCD displays, and other electrical equipment.

Full company description

Heran Co., Ltd. manufactures and sells home appliances in Taiwan. It offers household, light commercial, commercial, and other air conditioners; liquid crystal products, LCD displays, and other electrical equipment. The company also engaged in the manufacturing of air conditioners and video boxes, refrigerator product manufacturing, as well as the wholesale and retail of electronic and electrical products; and TV shopping, and 3C channels. It offers its products under the HERAN brand. Heran Co., Ltd. was incorporated in 2002 and is headquartered in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Heran Co reported revenue of 6.5B TWD in FY2025 versus 6.4B TWD in FY2021, a compound +0.4%/yr. Reported net income was 493M TWD in FY2025, compounding −10.8%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
6.5B TWD
Latest YoY
+0.8%
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.
−1.8%
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.
+1.4%
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.
+6.6%
Revenue +0.4%/yr
FY21 6.4B TWD
FY22 6.8B TWD
FY23 6.2B TWD
FY24 6.4B TWD
FY25 6.5B TWD
Net income −10.8%/yr
FY21 780M TWD
FY22 745M TWD
FY23 568M TWD
FY24 467M TWD
FY25 493M TWD
Character of growth · EPS growth decomposed (2014-2025) +0.1 % p.a.
Revenue per share +1.4 pp

of which total revenue +3.2 pp · buybacks/dilution −1.7 pp

EBIT margin −2.7 pp
Tax rate −0.3 pp
Residual (interest, one-offs) +1.6 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). "Heran Co Fair Value". https://www.fairvalue-calculator.com/stock/5283

Peer Group

Consumer Electronics · 129 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 52 · Above median
Fair Value upside +67% · Top 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) -1% · Below median
Revenue growth -3% · Below median
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Consumer Electronics median · lower = cheaper

P/E (TTM) 9.6× · Cheaper than 75% of peers
P/B 0.98× · Cheaper than median
P/S (TTM) 0.73× · Pricier than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 6.4× · Cheaper than median

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 100 · sector 8
FUTURE 0 · sector 13
PAST 45 · sector 10
HEALTH 97 · sector 97
DIVIDEND 15 · sector 29

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 Consumer Electronics stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Apple Inc AAPL $313.33 $122.91 -61%
Samsung Electronics Co 005930 255,000 KRW 138,019 KRW -46%
Sony Group SONYN 366.00 MXN 468.94 MXN +28%
Xiaomi Corporation 1810 HK$26.88 HK$39.84 +48%
LG Electronics Inc 066570 179,000 KRW 101,531 KRW -43%
Sharetronic Data Technology Co 300857 ¥277.96 ¥35.89 -87%
Huaqin Co 603296 ¥78.20 ¥65.69 -16%
Goertek Inc 002241 ¥22.25 ¥18.86 -15%
LG Corp 003550 102,400 KRW 93,881 KRW -8%
Anker Innovations Limited 300866 ¥105.92 ¥78.52 -26%

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Frequently asked questions

Is Heran Co (5283) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 89.72 TWD versus a price of 53.70 TWD, about +67% (undervalued).
What is the fair value of 5283?
Our model-based fair value for Heran Co is 89.72 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 53.70 TWD.
What is the quality score of 5283?
Heran Co 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 revenue of Heran Co (5283)?
Heran Co reported trailing-twelve-month revenue of about 6.4B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 5283?
The net profit margin of Heran Co is about 8.1%, meaning it keeps roughly 8.1% of revenue as net income. Based on the latest reported figures.
Does Heran Co pay a dividend?
Heran Co currently shows a dividend yield of about 0.77% relative to its recent price (as of Jul 21, 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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