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Yuan High-Tech Development Co (5474) Fair Value & Analysis

Technology · TW · Market cap 5.9B TWD

YH Yuan High-Tech Development Co 5474 · TWO
Price149.50 TWD
Fair Value77.90 TWD
Upside-47.9%
Quality64/100
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Weak Growth
Solidly profitable · 13.7% net margin
generates free cash flow
2.68% dividend yield
Mixed vs. peers (7/13)
Moderate moat 50/100
Evidence: High Range 49.96 TWD – 114.30 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 77.94 TWD to 77.90 TWD (−0.1%) since Jul 11, 2026. Share price −6.9% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (114.30 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (49.96 TWD to 114.30 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

216.24 TWD 53.65 TWD Fair Value 77.90 TWD Feb 2021 Aug 2026

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 53.65 TWD – 216.24 TWD · fair‑value band 49.96 TWD – 114.30 TWD · the 149.50 TWD price screens above the 77.90 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Yuan High-Tech Development Co (5474) currently trades at 149.50 TWD, while our model-based Fair Value estimate is 77.90 TWD, implying the stock looks roughly 47.9% overvalued today. The Quality Score stands at 64/100 (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, Yuan High-Tech Development Co generated revenue of 1.5B TWD at a net margin of 13.7%. Revenue grew 0.4% year over year. It earns a return on equity of 10.8%. The balance sheet holds a net cash position of 437M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 49.96 TWD (bear case) to 114.30 TWD (bull case); at 149.50 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 31% below its 52-week high and 19% 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 -48%, 5474 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
Residual Income 45.20 TWD 50.39 TWD 72.35 TWD 76
Growth DCF 32.92 TWD 42.64 TWD 56.14 TWD 72
Gordon GGM 35.13 TWD 70.00 TWD 106.00 TWD 70
All 26 models by family
DCF Models
FCF DCF 32.69 TWD 43.84 TWD 60.41 TWD 38
Owner Earnings 76.96 TWD 112.37 TWD 164.97 TWD 31
5Y Revenue Exit 50.47 TWD 78.83 TWD 115.77 TWD 39
5Y EBITDA Exit 54.79 TWD 87.00 TWD 125.17 TWD 41
5Y P/E Exit 66.71 TWD 109.52 TWD 155.22 TWD 38
10Y Revenue Exit 42.12 TWD 66.11 TWD 99.57 TWD 36
10Y EBITDA Exit 46.31 TWD 71.68 TWD 106.65 TWD 37
10Y P/E Exit 53.77 TWD 87.05 TWD 129.29 TWD 35
Earnings-Based
Graham-Dodd 37.33 TWD 122.16 TWD 163.26 TWD 54
Lynch FV 27.40 TWD 39.14 TWD 50.88 TWD 50
PEG = 1.0 27.40 TWD 39.14 TWD 50.88 TWD 46
EPV 49.17 TWD 54.98 TWD 60.00 TWD 59
Dividend Discount
Gordon GGM 35.13 TWD 70.00 TWD 106.00 TWD 70
DDM Multi-Stage 35.13 TWD 58.40 TWD 73.89 TWD 61
Multiples
P/E Multiple 82.34 TWD 109.78 TWD 137.23 TWD 63
P/S Multiple 69.23 TWD 92.31 TWD 115.38 TWD 58
P/B Multiple 69.99 TWD 93.32 TWD 116.65 TWD 55
EV/EBIT 87.01 TWD 111.90 TWD 136.79 TWD 53
EV/EBITDA 73.83 TWD 94.33 TWD 114.82 TWD 54
EV/Revenue 62.67 TWD 84.24 TWD 105.81 TWD 43
Asset-Based
NCAV (Graham) 25.38 TWD 34.01 TWD 50.76 TWD 50
Growth DCF
Growth DCF 32.92 TWD 42.64 TWD 56.14 TWD 72
Rev-Margin DCF 50.47 TWD 78.23 TWD 110.36 TWD 67
Economic Profit
Residual Income 45.20 TWD 50.39 TWD 72.35 TWD 76
ROIC Compounder 49.17 TWD 57.51 TWD 68.86 TWD 67
Growth Earnings
Growth-Adj P/E 69.68 TWD 99.55 TWD 129.41 TWD 68

Widest divergence: Growth Earnings (99.55 TWD) versus Asset-Based (34.01 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.5B TWD
Revenue growth (YoY) +0.4%
Net margin 13.7%
Return on equity 10.8%
Free cash flow 74.0M TWD FY2025
P/E ratio 27.2
More key figures
Operating margin 7.2%
EPS (TTM) 5.49 TWD
Dividend yield 2.7%
EPS growth (YoY) -42.2%
Net cash 437M TWD FY2023

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 63 · Market factors (momentum, volatility) 37

Profitability 51
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 93
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 30
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

Yuan High-Tech Development Co., Ltd. provides video/audio products for system integrators and ODM customers primarily in Taiwan. It provides PCIe/miniPCIe/M.2 video capture cards, USB2.0/3.0 capture boxes/dongles, video converter boxes, and streaming encoder boxes.

Full company description

Yuan High-Tech Development Co., Ltd. provides video/audio products for system integrators and ODM customers primarily in Taiwan. It provides PCIe/miniPCIe/M.2 video capture cards, USB2.0/3.0 capture boxes/dongles, video converter boxes, and streaming encoder boxes. The company also offers video processing platform; converter solutions, such as video converters, matrix, cross, multiviewer, switcher, splitter, distributors, and extenders; camera solutions; and IP solutions for support of audio and video transmission protocol. It serves education, healthcare, industrial and manufacturing, transportation, smart city, primary industries, retail, and broadcasting appliances. The company was founded in 1990 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Yuan High-Tech Development Co reported revenue of 1.5B TWD in FY2025 versus 1.8B TWD in FY2021, a compound −4.9%/yr. Reported net income was 218M TWD in FY2025, compounding −13.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.5B TWD
Latest YoY
+22.9%
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.
+2.3%
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.
−11.5%
Avg. growth/yr (23Y) 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.
+3.5%
Revenue −4.9%/yr
FY21 1.8B TWD
FY22 1.4B TWD
FY23 1.2B TWD
FY24 1.2B TWD
FY25 1.5B TWD
Net income −13.2%/yr
FY21 384M TWD
FY22 314M TWD
FY23 202M TWD
FY24 284M TWD
FY25 218M TWD

5474 screens 48% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Yuan High-Tech Development Co Fair Value". https://www.fairvalue-calculator.com/stock/5474

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 64 · Top 25%
Fair Value upside −48% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 7% · Above median
Revenue growth 0% · Below median
Dividend yield (TTM) 2.7% · Top 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 27.2× · Cheaper than median
P/B 2.95× · Pricier than median
P/S (TTM) 4.05× · Pricier than 75% of peers
P/FCF 2.5× · Pricier than median
EV/EBITDA 26.1× · Pricier 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 0 · sector 0
FUTURE 2 · sector 32
PAST 43 · sector 24
HEALTH 0 · sector 95
DIVIDEND 54 · sector 25

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 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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Frequently asked questions

Is Yuan High-Tech Development Co (5474) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 77.90 TWD versus a price of 149.50 TWD, about −48% (overvalued).
What is the fair value of 5474?
Our model-based fair value for Yuan High-Tech Development Co is 77.90 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 149.50 TWD.
What is the quality score of 5474?
Yuan High-Tech Development Co has a Quality Score of 64/100. 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 Yuan High-Tech Development Co (5474)?
Yuan High-Tech Development Co reported trailing-twelve-month revenue of about 1.5B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 5474?
The net profit margin of Yuan High-Tech Development Co is about 13.7%, meaning it keeps roughly 13.7% of revenue as net income. Based on the latest reported figures.
Does Yuan High-Tech Development Co pay a dividend?
Yuan High-Tech Development Co currently shows a dividend yield of about 2.27% relative to its recent price (as of Jul 23, 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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