Teco Image Systems Co (5438) Fair Value & Analysis
Industrials · TW · Market cap 2.0B TWD
Fair value as of: Jul 21, 2026
From 18 valuation models · updated 20 days ago
Share price −7.8% over the past month.
Below-average quality, and screening another 65% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (7.46 TWD). The favourable scenario is already priced in.
- Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
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 10.48 TWD – 42.50 TWD · fair‑value band 4.61 TWD – 7.46 TWD · the 17.65 TWD price screens above the 6.14 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Teco Image Systems Co (5438) currently trades at 17.65 TWD, while our model-based Fair Value estimate is 6.14 TWD, implying the stock looks roughly 65.2% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials 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, Teco Image Systems Co generated revenue of 1.2B TWD at a net margin of 1.0%. Revenue declined 44.7% year over year. It earns a return on equity of 0.4%. Net debt stands at 25.9M TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 4.61 TWD (bear case) to 7.46 TWD (bull case); at 17.65 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 44% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -32% fair-value upside, at -65%, 5438 screens richer 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 18 models by family
Widest divergence: Asset-Based (19.81 TWD) versus Earnings-Based (3.00 TWD). Highest evidence: Residual Income (76).
Notify me when 5438 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 35
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
Teco Image Systems Co., Ltd. provides OEM and ODM services to imaging and communication products industries in the People's Republic of China, Hong Kong, Japan, Taiwan, and internationally. The company involved in the design, development, and manufacture of multi-function printing devices, plain paper facsimiles, digital copiers, and color scanners.
Full company description
Teco Image Systems Co., Ltd. provides OEM and ODM services to imaging and communication products industries in the People's Republic of China, Hong Kong, Japan, Taiwan, and internationally. The company involved in the design, development, and manufacture of multi-function printing devices, plain paper facsimiles, digital copiers, and color scanners. It also provides mechanical subsystems comprising control panels and automatic document feeders; optical subsystems, such as scan units; and electronic sub-systems, including printer controller cards, printer network cards, internet fax cards, fax controllers, and copier controllers. Teco Image Systems Co., Ltd. was founded in 1956 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Teco Image Systems Co reported revenue of 1.3B TWD in FY2025 versus 1.8B TWD in FY2021, a compound −7.5%/yr. Reported net income was 40.7M TWD in FY2025, compounding −5.9%/yr from FY2021.
5438 screens 65% overvalued. Compare with Ricoh Company →
Peer Group
Business Equipment & Supplies · 72 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 Business Equipment & Supplies 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.
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Ricoh Company RICO | ¥15.33 | ¥17.99 | +17% |
| GRG Banking Equipment Co 002152 | ¥10.08 | ¥6.90 | -32% |
| Shanghai M&G Stationery Inc 603899 | ¥21.45 | ¥30.05 | +40% |
| XGD Inc 300130 | ¥19.90 | ¥15.67 | -21% |
| DOMS Industries Limited DOMS | ₹2,260 | ₹782.96 | -65% |
| Hengbao Co 002104 | ¥9.20 | ¥1.66 | -82% |
| Shaanxi Fenghuo Electronics Co 000561 | ¥6.99 | ¥1.75 | -75% |
| Shenzhen Comix Group 002301 | ¥7.30 | ¥3.11 | -57% |
| Shandong New Beiyang Information Technology Co 002376 | ¥6.00 | ¥1.73 | -71% |
| Qingdao Hiron Commercial Cold Chain Co 603187 | ¥11.92 | ¥21.12 | +77% |
Compare Teco Image Systems Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is Teco Image Systems Co (5438) overvalued or undervalued?
What is the fair value of 5438?
What is the quality score of 5438?
What is the revenue of Teco Image Systems Co (5438)?
What is the net profit margin of 5438?
Does Teco Image Systems Co pay a dividend?
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.
Track Teco Image Systems Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.