Yeh-Chiang Technology (6124) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Yeh-Chiang Technology TWD 7.41, price TWD 27.45, upside -73.0%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 20.80 TWD – 51.70 TWD · fair‑value band 6.64 TWD – 8.90 TWD · the 27.45 TWD price screens above the 7.41 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Yeh Chiang Technology Corporation engages in the production and sale of heat pipe components in China, Singapore, Taiwan and internationally. It operates through Thermal Conductivity Business Unit and Lighting Business segments.
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Yeh Chiang Technology Corporation engages in the production and sale of heat pipe components in China, Singapore, Taiwan and internationally. It operates through Thermal Conductivity Business Unit and Lighting Business segments. The company offers high-tech thermal conductive components, solder balls, LED lighting products, lighting equipment, and semiconductor packaging wires. Yeh Chiang Technology Corporation was incorporated in 1994 and is based in Taipei, Taiwan.
Stock analysis
Yeh-Chiang Technology (6124) currently trades at 27.45 TWD, while our model-based Fair Value estimate is 7.41 TWD, implying the stock looks roughly 270.5% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 11.16 TWD per share, and 0 of the 10 models we run sit above the 27.45 TWD price.
Bear case: the DCF Models group reads lowest at 7.55 TWD, and 10 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 6.64 TWD (bear) to 8.90 TWD (bull), the price of 27.45 TWD sits above 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 50/100 (solid quality), in the Technology sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Yeh-Chiang Technology reported revenue of 1.8B TWD in FY2025 versus 2.6B TWD in FY2021, a compound −8.2%/yr. Reported net income was −180M TWD in FY2025.
Key figures
Market cap 5.0B TWD (≈ $157M) · P/S ratio 2.61 · EPS (TTM) −0.9900 TWD · Dividend yield 0.0% · Net margin −9.9% · Return on equity −2.9% · Return on assets (EBIT) −0.4% · Operating margin 1.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 28% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −73%, 6124 screens richer than that median.
Fair Value models
Bear 6.64 TWDFair Value 7.41 TWDBull 8.90 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.24/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+1.2%
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.
−4.6%
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.
−7.5%
Start year 2020 (pandemic). Over 10 years: +0.2% a year
Revenue growth 23 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.
+4.1%
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Profit margin (trend) ⓘ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.
14.6% (2020) → −6.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+47.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +45.4% a year for the price.
Price, fair value, quality and upside side by side.
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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 · 654 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−73% · Bottom 25%
Profitability
Return on assets0% · Below median
Net margin (TTM)−5% · Bottom 25%
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth24% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/B0.05× · Cheapest 25%
P/S (TTM)0.08× · Cheapest 25%
P/FCF2.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 38
PAST (return on equity)0· sector 26
HEALTH (low debt)100· sector 95
DIVIDEND (yield)1· sector 25
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Yeh-Chiang Technology Fair Value". https://www.fairvalue-calculator.com/stock/6124
Frequently asked questions
Is Yeh-Chiang Technology (6124) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 7.41 TWD versus a price of 27.45 TWD, about −73% upside (overvalued).
What is the fair value of 6124?
Our model-based fair value for Yeh-Chiang Technology is 7.41 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 27.45 TWD.
What is the quality score of 6124?
Yeh-Chiang Technology has a Quality Score of 50/100. 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 Yeh-Chiang Technology (6124)?
Our model-based price target is the fair value of 7.41 TWD (as of Sep 24, 2026) from 10 valuation models. Cautious scenario 6.64 TWD, optimistic scenario 8.90 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Yeh-Chiang Technology stock forecast for 2026?
Our models put fair value at 7.41 TWD, about −73% upside versus a price of 27.45 TWD (overvalued). Cautious scenario 6.64 TWD, optimistic scenario 8.90 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Yeh-Chiang Technology (6124)?
Yeh-Chiang Technology reported trailing-twelve-month revenue of about 1.9B TWD (latest available figure, as of Sep 24, 2026).
Does Yeh-Chiang Technology pay a dividend?
Yeh-Chiang Technology currently shows a dividend yield of about 0.03% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Yeh-Chiang Technology (6124)?
For today's price to be fair in a discounted-cash-flow model, Yeh-Chiang Technology would have to grow free cash flow by +47.7 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6124 use?
Our models discount Yeh-Chiang Technology at 13.3 %: a base by market capitalisation (micro), country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Yeh-Chiang Technology that is +47.7 % per year a year over ten years, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Yeh-Chiang Technology (6124) delivered so far?
Over the past 5 years revenue at Yeh-Chiang Technology grew -7.5 % a year. The price currently implies +47.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Yeh-Chiang Technology (6124) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Yeh-Chiang Technology (+47.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Yeh-Chiang Technology (6124)?
The free-cash-flow yield on the price is 1.11 %: that much free cash flow Yeh-Chiang Technology produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Yeh-Chiang Technology (6124)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Yeh-Chiang Technology it is 7.41 TWD per share (as of Sep 24, 2026), against a price of 27.45 TWD. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Yeh-Chiang Technology stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6124 trades above its calculated fair value: price 27.45 TWD, fair value 7.41 TWD, a gap of about −73% (overvalued). 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 6124?
No. The price is what the market pays today (27.45 TWD); the fair value is what the company's own numbers justify (7.41 TWD). For Yeh-Chiang Technology the two are 20.04 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Yeh-Chiang Technology worth?
The market values Yeh-Chiang Technology at about 5.0B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 27.45 TWD; our models calculate a fair value of 7.41 TWD per share.
What do the bullish and bearish scenarios say about 6124?
Our models span a range for Yeh-Chiang Technology: cautious scenario 6.64 TWD, base 7.41 TWD, optimistic 8.90 TWD per share (as of Sep 24, 2026, price 27.45 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Yeh-Chiang Technology (6124)?
Balance-sheet figures for Yeh-Chiang Technology (as of Sep 24, 2026): return on equity −2.9%. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 6124 from its 52-week high?
Yeh-Chiang Technology trades at 27.45 TWD, about 28% below its 52-week high of 37.95 TWD and 18% above the low of 23.30 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 7.41 TWD is for.
Which stocks are comparable to Yeh-Chiang Technology?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Yeh-Chiang Technology stock attractive at the current price?
The data as of Sep 24, 2026: price 27.45 TWD, calculated fair value 7.41 TWD (−73%), Quality Score 50/100, from 10 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 6124 calculated?
We run Yeh-Chiang Technology through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 7.41 TWD, 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 13.0 % above its aggregate fair value. Yeh-Chiang Technology itself currently trades above fair value. 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 Yeh-Chiang Technology (6124)?
The closing price on Sep 24, 2026 was 27.45 TWD. Our model-based fair value is 7.41 TWD, about −73% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Yeh-Chiang Technology right now?
The price sits above even our optimistic bull case (8.90 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Yeh-Chiang Technology
How large is the market capitalisation of Yeh-Chiang Technology (6124)?
The market capitalisation of Yeh-Chiang Technology is 5.0B TWD (≈ $157M). 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 Yeh-Chiang Technology (6124)?
The price-to-sales ratio of Yeh-Chiang Technology is 2.61 (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 Yeh-Chiang Technology (6124)?
Earnings per share at Yeh-Chiang Technology are −0.9900 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Yeh-Chiang Technology (6124)?
The dividend yield of Yeh-Chiang Technology is 0.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Yeh-Chiang Technology (6124)?
The net margin of Yeh-Chiang Technology is −9.9% (fiscal year 2025). 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 Yeh-Chiang Technology (6124)?
The return on equity (ROE) of Yeh-Chiang Technology is −2.9% (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 Yeh-Chiang Technology (6124)?
On an EBIT basis the return on assets of Yeh-Chiang Technology is −0.4% (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 Yeh-Chiang Technology (6124)?
The operating margin of Yeh-Chiang Technology is 1.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Yeh-Chiang Technology (6124)?
Revenue at Yeh-Chiang Technology is growing +24.2% versus a year earlier (3y avg −4.6%). 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 Yeh-Chiang Technology (6124)?
Earnings per share at Yeh-Chiang Technology are growing −93.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Yeh-Chiang Technology (6124) carry?
The net debt of Yeh-Chiang Technology is 17.5M TWD (fiscal year 2025, ≈ 0.3 yrs of FCF). 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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