Spectrum Electrics Corporation (5381) Fair Value & Analysis
Technology · TW · Market cap 4.3B TWD
Fair value as of: Jul 23, 2026
From 14 valuation models · updated 18 days ago
Share price −9.5% over the past month.
Below-average quality, and screening another 17% overvalued on our models.
What matters now
- Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (12.64 TWD to 29.21 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 1.24 TWD – 45.97 TWD · fair‑value band 12.64 TWD – 29.21 TWD · the 24.65 TWD price screens above the 20.53 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.
Analysis
Spectrum Electrics Corporation (5381) currently trades at 24.65 TWD, while our model-based Fair Value estimate is 20.53 TWD, implying the stock looks roughly 16.7% overvalued today. The Quality Score stands at 41/100 (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: medium).
Over the trailing twelve months, Spectrum Electrics Corporation generated revenue of 2.0B TWD at a net margin of 6.9%. Revenue declined 32.0% year over year. It earns a return on equity of 7.0%. Net debt stands at 1.7B TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 12.64 TWD (bear case) to 29.21 TWD (bull case); at 24.65 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 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -17%, 5381 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.
All 14 models by family
Widest divergence: Growth Earnings (39.31 TWD) versus Asset-Based (8.57 TWD). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 45
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
Spectrum Electrics Corporation, together with its subsidiaries, engages in the research, design, development, manufacture, lamination, processing, sale, and trading of multilayer laminated substrates and various electronic components in Taiwan, rest of Asia, and Europe.
Full company description
Spectrum Electrics Corporation, together with its subsidiaries, engages in the research, design, development, manufacture, lamination, processing, sale, and trading of multilayer laminated substrates and various electronic components in Taiwan, rest of Asia, and Europe. It operates through Electronic Products Department, Beauty Products Department, Investment Department, and Distribution Machinery Manufacturing Department segments. The company offers multilayer printed circuit boards, copper clad laminates, drilling lubricating aluminum cover plates, multi-layer laminate base plates, and environmentally friendly melamine boards. It is also involved in the manufacture and sale of beauty and skincare products, as well as transformers and distribution panels; investment business; and wholesale of electronic equipment. The company was formerly known as Uniplus Electronics Co., Ltd. and changed its name to Spectrum Electrics Corporation in December 2025. Spectrum Electrics Corporation was founded in 1991 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
Spectrum Electrics Corporation reported revenue of 2.2B TWD in FY2025 versus 387M TWD in FY2021, a compound +54.3%/yr. Reported net income was 174M TWD in FY2025, compounding +91.6%/yr from FY2021.
5381 screens 17% overvalued. Compare with Delta Electronics, Inc →
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.
Valuation Multiples vs Electronic Components median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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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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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