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Sirtec International Co (5356) Fair Value & Analysis

Technology · TW · Market cap 2.6B TWD

SI Sirtec International Co 5356 · TWO
Price25.00 TWD
Fair Value9.79 TWD
Upside-60.8%
Quality58/100
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Weak Growth
Thin margins · 1.5% net margin
Low debt · generates free cash flow
8.11% dividend yield
Mixed vs. peers (6/14)
Narrow moat 27/100
Evidence: High Range 8.43 TWD – 11.12 TWD Share as image

Fair value as of: Jul 21, 2026

From 21 valuation models · updated 20 days ago

Share price −3.7% over the past month.

A solid business, but screening 61% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (11.12 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

32.70 TWD 14.82 TWD Fair Value 9.79 TWD Feb 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 14.82 TWD – 32.70 TWD · fair‑value band 8.43 TWD – 11.12 TWD · the 25.00 TWD price screens above the 9.79 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

Sirtec International Co (5356) currently trades at 25.00 TWD, while our model-based Fair Value estimate is 9.79 TWD, implying the stock looks roughly 60.8% overvalued today. The Quality Score stands at 58/100 (solid 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, Sirtec International Co generated revenue of 3.3B TWD at a net margin of 1.5%. Revenue declined 10.4% year over year. It earns a return on equity of 1.0%. The balance sheet holds a net cash position of 648M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 8.43 TWD (bear case) to 11.12 TWD (bull case); at 25.00 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 17% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -61%, 5356 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 9.53 TWD 9.68 TWD 9.92 TWD 80
Residual Income 28.76 TWD 26.52 TWD 19.00 TWD 76
ROIC Compounder 20.24 TWD 22.01 TWD 23.52 TWD 72
All 21 models by family
DCF Models
FCF DCF 9.51 TWD 9.67 TWD 9.94 TWD 38
Owner Earnings 11.12 TWD 11.86 TWD 13.19 TWD 31
5Y Revenue Exit 17.83 TWD 24.11 TWD 33.27 TWD 39
5Y EBITDA Exit 26.13 TWD 38.47 TWD 54.80 TWD 41
5Y P/E Exit 12.69 TWD 15.21 TWD 18.20 TWD 38
10Y Revenue Exit 14.06 TWD 18.34 TWD 23.15 TWD 36
10Y EBITDA Exit 19.37 TWD 27.02 TWD 35.50 TWD 37
10Y P/E Exit 11.40 TWD 12.97 TWD 14.50 TWD 35
Earnings-Based
Graham-Dodd 3.02 TWD 3.70 TWD 4.16 TWD 54
EPV 20.24 TWD 22.01 TWD 23.52 TWD 59
Multiples
P/E Multiple 6.67 TWD 8.89 TWD 11.12 TWD 63
P/S Multiple 5.67 TWD 7.56 TWD 9.45 TWD 58
P/B Multiple 5.67 TWD 7.56 TWD 9.45 TWD 55
EV/EBIT 32.17 TWD 39.86 TWD 47.55 TWD 53
EV/EBITDA 41.89 TWD 52.82 TWD 63.75 TWD 54
EV/Revenue 24.65 TWD 31.31 TWD 37.98 TWD 43
Asset-Based
NCAV (Graham) 21.37 TWD 28.64 TWD 42.75 TWD 50
Growth DCF
Growth DCF 9.53 TWD 9.68 TWD 9.92 TWD 80
Economic Profit
Residual Income 28.76 TWD 26.52 TWD 19.00 TWD 76
ROIC Compounder 20.24 TWD 22.01 TWD 23.52 TWD 72
Growth Earnings
Growth-Adj P/E 4.72 TWD 6.74 TWD 8.76 TWD 68

Widest divergence: Asset-Based (28.64 TWD) versus Earnings-Based (3.70 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.3B TWD
Revenue growth (YoY) -10.4%
Net margin 1.5%
Return on equity 1.0%
Free cash flow 4.7M TWD FY2025
P/E ratio 56.6
More key figures
Operating margin 1.2%
EPS (TTM) 0.4400 TWD
Dividend yield 8.1%
EPS growth (YoY) +4.1%
Net cash 648M TWD FY2023

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 61

Profitability 22
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 82
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

Sirtec International Co.,Ltd., together with its subsidiaries, designs, manufactures, and sells electronic product assemblies, and plastic injection and molding products in Taiwan and China.

Full company description

Sirtec International Co.,Ltd., together with its subsidiaries, designs, manufactures, and sells electronic product assemblies, and plastic injection and molding products in Taiwan and China. The company offers communication products, including GPS receivers, broadband routers, and VO IPhones; computer peripheral products, such as laser toner cartridges, POS machines, and platform NAS; consumer products comprising LED TVs, HHDs, and Bluetooth; optoelectronic products, such as TFT-LCD drive cards, and LED light bars and lightings; automotive electronic products comprising head up displays, car video recorders, GPS models, and tire pressure detectors; and OEM products consisting of FPC processing, dispensers, blood glucose meters, and smart meters. It also provides plastics products comprising cartridges, barcode scanners, car audio driver panels, modems, electronic assembly products, game controllers, health care and medical equipment, and electronic piano panels. Further, it is involved in general investment activities; SMT processing; and provides plastic parts for household appliances and mobile power supply. Sirtec International Co.,Ltd. was incorporated in 1968 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sirtec International Co reported revenue of 3.4B TWD in FY2025 versus 3.8B TWD in FY2021, a compound −3.3%/yr. Reported net income was 45.8M TWD in FY2025.

Growth Quality 27/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.4B TWD
Latest YoY
−13.5%
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.
−3.3%
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 (9Y) 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.
−11.3%
Revenue −3.3%/yr
FY21 3.8B TWD
FY22 3.7B TWD
FY23 3.3B TWD
FY24 3.9B TWD
FY25 3.4B TWD
Net income
FY21 −29.1M TWD
FY22 −61.4M TWD
FY23 565M TWD
FY24 223M TWD
FY25 45.8M TWD

5356 screens 61% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Sirtec International Co Fair Value". https://www.fairvalue-calculator.com/stock/5356

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 58 · Above median
Fair Value upside −61% · Below median
Return on equity (TTM) 1% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth -10% · Bottom 25%
Dividend yield (TTM) 8.1% · Top 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 56.6× · Pricier than median
P/B 0.58× · Cheaper than 75% of peers
P/S (TTM) 0.79× · Cheaper than median
P/FCF 17.1× · Pricier than 75% of peers
EV/EBITDA 6.6× · 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 0 · sector 0
FUTURE 0 · sector 32
PAST 4 · sector 24
HEALTH 100 · sector 95
DIVIDEND 100 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 21, 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 Sirtec International Co (5356) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 9.79 TWD versus a price of 25.00 TWD, about −61% (overvalued).
What is the fair value of 5356?
Our model-based fair value for Sirtec International Co is 9.79 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 25.00 TWD.
What is the quality score of 5356?
Sirtec International Co has a Quality Score of 58/100. 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 Sirtec International Co (5356)?
Sirtec International Co reported trailing-twelve-month revenue of about 3.3B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 5356?
The net profit margin of Sirtec International Co is about 1.5%, meaning it keeps roughly 1.5% 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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