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Uniplus Electronics Co Ltd (5381) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Uniplus Electronics Co Ltd stock TWD 23.42, price TWD 18.05, upside +29.8%, quality 41 out of 100. Rating: undervalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.

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Technology TW · ISIN TW0005381008

UE Uniplus Electronics Co Ltd logo Thin data Nov 8, 2026

Uniplus Electronics Co Ltd

5381 · TWO
Speculative

The stock costs 23% less than our calculation considers fair.

Fair value 23.42 TWD · Undervalued
Low debt
Ranks above peers (10/12)
Last quarter vs. a year ago: revenue +19%, profit +91%.
Quality 41/100
Expensive Growth (revenue 5y +44.9 %/yr in TWD)
Thin margins · 8.0% net margin (TTM)
Moderate moat 47/100 · thin data
Negative free cash flow
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

45.97 TWD 1.24 TWD Fair Value 23.42 TWD May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range 1.24 TWD – 45.97 TWD · fair‑value band 17.56 TWD – 29.27 TWD · the 18.05 TWD price screens below the 23.42 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

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.

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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.

Stock analysis

Uniplus Electronics Co Ltd (5381) currently trades at 18.05 TWD, while our model-based Fair Value estimate is 23.42 TWD, implying the stock looks roughly 23% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 37.70 TWD per share, and 8 of the 14 models we run sit above the 18.05 TWD price.

Bear case: the Asset-Based group reads lowest at 6.99 TWD, and 6 of the 14 models stay below the price. Data coverage for this calculation is low.

Scenario range: 17.56 TWD (bear) to 29.27 TWD (bull), the price of 18.05 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 41/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Uniplus Electronics Co Ltd 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.

Key figures

Market cap 3.7B TWD (≈ $114M) Micro · P/E ratio 22.6 · P/S ratio 1.82 · EPS (TTM) 0.8000 TWD · Net margin 8.0% · Return on equity 8.4% · Return on assets (EBIT) 3.0% (5-year average) · Operating margin 19.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).

What moves the price

The share trades about 55% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 30%, 5381 screens cheaper than that median.

Fair Value models

Bear 17.56 TWD Fair Value 23.42 TWD Bull 29.27 TWD
Price 18.05 TWD · Upside +29.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.6860 TWD per share) are deliberately not added. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV 7.08 TWD 8.40 TWD 9.48 TWD 74
ROIC Compounder 7.08 TWD 8.40 TWD 9.48 TWD 72
Residual Income 8.24 TWD 8.49 TWD 9.25 TWD 71
All 14 models by family
Earnings-Based
Graham-Dodd 5.69 TWD 39.67 TWD 55.66 TWD 63
Lynch FV 17.65 TWD 25.21 TWD 32.77 TWD 61
PEG = 1.0 17.65 TWD 25.21 TWD 32.77 TWD 57
EPV 7.08 TWD 8.40 TWD 9.48 TWD 74
Multiples
P/E Multiple 17.56 TWD 23.42 TWD 29.27 TWD 63
P/S Multiple 10.66 TWD 14.22 TWD 17.77 TWD 58
P/B Multiple 46.92 TWD 62.56 TWD 78.20 TWD 55
EV/EBIT 19.55 TWD 28.74 TWD 37.92 TWD 65
EV/EBITDA 16.61 TWD 24.81 TWD 33.02 TWD 66
EV/Revenue 5.92 TWD 11.89 TWD 17.87 TWD 51
Asset-Based
NCAV (Graham) 5.21 TWD 6.99 TWD 10.43 TWD 54
Economic Profit
Residual Income 8.24 TWD 8.49 TWD 9.25 TWD 71
ROIC Compounder 7.08 TWD 8.40 TWD 9.48 TWD 72
Growth Earnings
Growth-Adj P/E 26.39 TWD 37.70 TWD 49.01 TWD 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 41/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 32
How much profit the company makes from its sales and capital
Quality Growth 33
Are margins and returns getting better?
Cashflow 42
Do the profits arrive as real cash?
Financial strength 47
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 57
How calm the share price moves, does not count
Price momentum 20
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 95
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−5.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+89.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+44.9%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+23.7%
What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +86.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+86.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.0% → 15%
⚠ Approximate: the rate leans on 2025, which sits 923% above its own trend.

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Peer Groupⓘ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.Electronic Components · 653 stocks

Beats the industry median on 10/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 41 · Bottom 25%
Fair Value upside +29.8% · Top 25%
Profitability
Return on equity (12 months) 8.4% · Above median
Return on assets 3.5% · Above median
Net margin (12 months) 8.0% · Above median
Operating margin (12 months) 19.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 18.8% · Above median
Balance sheet
Debt / equity 0.48× · Highest 25%

Valuation Multiplesvs Electronic Components median · lower = cheaper

P/E (12 months) 22.6× · Cheaper than median
P/B 1.66× · Cheaper than median
P/S (12 months) 1.82× · Cheaper than median
EV/EBITDA 12.3× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)73 · sector 0
FUTURE (revenue growth)94 · sector 70
PAST (return on equity)33 · sector 28
HEALTH (low debt)76 · sector 95
DIVIDEND (yield)0 · sector 27

Context: sector, industry, market

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

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Hon Hai Precision Industry Co 2317 239.00 TWD 292.29 TWD +22% vs 5381
TE Connectivity plc TEL $207.01 $224.30 +8% vs 5381
Asia Vital Components Co 3017 2,540 TWD 2,737 TWD +8% vs 5381
Shengyi Technology Co 600183 ¥70.49 ¥66.42 −6% vs 5381
Amphenol Corporation APH $74.59 $69.74 −7% vs 5381
Celestica Inc CLS $206.68 $109.91 −47% vs 5381
Delta Electronics, Inc 2308 1,160 TWD 519.57 TWD −55% vs 5381
Luxshare Precision Industry Co 002475 ¥50.05 ¥18.44 −63% vs 5381
Corning Incorporated GLW $106.13 $33.72 −68% vs 5381
Samsung Electro-Mechanics Co 009150 870,000 KRW 171,572 KRW −80% vs 5381

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Uniplus Electronics Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Uniplus Electronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/5381

Frequently asked questions

Is Uniplus Electronics Co Ltd (5381) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 23.42 TWD versus a price of 18.05 TWD, about +30% upside (undervalued).
What is the fair value of 5381?
Our model-based fair value for Uniplus Electronics Co Ltd is 23.42 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 18.05 TWD.
What is the quality score of 5381?
Uniplus Electronics Co Ltd has a Quality Score of 41/100. 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 price target for Uniplus Electronics Co Ltd (5381)?
Our model-based price target is the fair value of 23.42 TWD (as of Nov 8, 2026) from 14 valuation models. Cautious scenario 17.56 TWD, optimistic scenario 29.27 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Uniplus Electronics Co Ltd stock forecast for 2026?
Our models put fair value at 23.42 TWD, about +30% upside versus a price of 18.05 TWD (undervalued). Cautious scenario 17.56 TWD, optimistic scenario 29.27 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Uniplus Electronics Co Ltd (5381)?
Uniplus Electronics Co Ltd reported trailing-twelve-month revenue of about 2.1B TWD (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Uniplus Electronics Co Ltd (5381)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Uniplus Electronics Co Ltd it is 23.42 TWD per share (as of Nov 8, 2026), against a price of 18.05 TWD. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Uniplus Electronics Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 5381 trades below its calculated fair value: price 18.05 TWD, fair value 23.42 TWD, a gap of about +30% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 5381?
No. The price is what the market pays today (18.05 TWD); the fair value is what the company's own numbers justify (23.42 TWD). For Uniplus Electronics Co Ltd the two are 5.37 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Uniplus Electronics Co Ltd worth?
The market values Uniplus Electronics Co Ltd at about 3.7B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 18.05 TWD; our models calculate a fair value of 23.42 TWD per share.
What do the bullish and bearish scenarios say about 5381?
Our models span a range for Uniplus Electronics Co Ltd: cautious scenario 17.56 TWD, base 23.42 TWD, optimistic 29.27 TWD per share (as of Nov 8, 2026, price 18.05 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5381?
Uniplus Electronics Co Ltd trades at a price-to-earnings ratio of 22.6 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 23.42 TWD is built from several models across several years. Other multiples: P/B 1.7, P/S 1.8, EV/EBITDA 12.3.
How solid is the balance sheet of Uniplus Electronics Co Ltd (5381)?
Balance-sheet figures for Uniplus Electronics Co Ltd (as of Nov 8, 2026): return on equity 8.4%, debt of 0.48 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 5381 from its 52-week high?
Uniplus Electronics Co Ltd trades at 18.05 TWD, about 55% below its 52-week high of 40.00 TWD and at the low of 18.05 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 23.42 TWD is for.
Which stocks are comparable to Uniplus Electronics Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Uniplus Electronics Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 18.05 TWD, calculated fair value 23.42 TWD (+30%), Quality Score 41/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 5381 calculated?
We run Uniplus Electronics Co Ltd through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 23.42 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Uniplus Electronics Co Ltd currently trades 23% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Uniplus Electronics Co Ltd (5381)?
The closing price on Nov 6, 2026 was 18.05 TWD. Our model-based fair value is 23.42 TWD, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Uniplus Electronics Co Ltd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of Uniplus Electronics Co Ltd

How large is the market capitalisation of Uniplus Electronics Co Ltd (5381)?
The market capitalisation of Uniplus Electronics Co Ltd is 3.7B TWD (≈ $114M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Uniplus Electronics Co Ltd (5381)?
The price-to-sales ratio of Uniplus Electronics Co Ltd is 1.82 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Uniplus Electronics Co Ltd (5381)?
Earnings per share at Uniplus Electronics Co Ltd are 0.8000 TWD (price ÷ EPS = P/E 22.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Uniplus Electronics Co Ltd (5381)?
The net margin of Uniplus Electronics Co Ltd is 8.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Uniplus Electronics Co Ltd (5381)?
The return on equity (ROE) of Uniplus Electronics Co Ltd is 8.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Uniplus Electronics Co Ltd (5381)?
On an EBIT basis the return on assets of Uniplus Electronics Co Ltd is 3.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Uniplus Electronics Co Ltd (5381)?
The operating margin of Uniplus Electronics Co Ltd is 19.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Uniplus Electronics Co Ltd (5381)?
Revenue at Uniplus Electronics Co Ltd is growing +18.8% versus a year earlier (3y avg +89.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Uniplus Electronics Co Ltd (5381)?
Earnings per share at Uniplus Electronics Co Ltd are growing +91.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Uniplus Electronics Co Ltd (5381) generate?
The free cash flow of Uniplus Electronics Co Ltd is −805M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Uniplus Electronics Co Ltd (5381) carry?
The net debt of Uniplus Electronics Co Ltd is 1.7B TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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