Promate Electronic Co (6189) Fair Value & Analysis
Technology · TW · Market cap 12.5B TWD
Fair value as of: Jul 21, 2026
From 25 valuation models · updated 20 days ago
Share price −2.7% over the past month.
Below-average quality, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Our model range runs from 34.77 TWD (bear) to 57.94 TWD (bull), base 46.35 TWD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 44/100 (below-average quality) with high evidence: the data supports the verdict.
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 28.64 TWD – 111.00 TWD · fair‑value band 34.77 TWD – 57.94 TWD · the 49.05 TWD price screens above the 46.35 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Promate Electronic Co (6189) currently trades at 49.05 TWD, while our model-based Fair Value estimate is 46.35 TWD, implying the stock looks roughly 5.5% fairly valued today. The Quality Score stands at 44/100 (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: high).
Over the trailing twelve months, Promate Electronic Co generated revenue of 29.2B TWD at a net margin of 2.4%. Revenue declined 5.9% year over year. It earns a return on equity of 11.4%. Net debt stands at 788M TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 34.77 TWD (bear case) to 57.94 TWD (bull case); at 49.05 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 39% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at -6%, 6189 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 25 models by family
Widest divergence: DCF Models (58.29 TWD) versus Asset-Based (15.77 TWD). Highest evidence: Growth DCF (80).
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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) 46
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
Promate Electronic Co.,Ltd. engages in the distribution and sale of electronic/electrical components, and computer software and electrical products in Taiwan.
Full company description
Promate Electronic Co.,Ltd. engages in the distribution and sale of electronic/electrical components, and computer software and electrical products in Taiwan. It offers electronic components, such as application-specific and LCD display products, linear/distributed components, application-specific, and image processing ICs; embedded control systems and medical displays; and application-specific display modules for medical, factory automation, military, outdoor, and sports equipment. The company also provides warehouse and logistic device services, as well as information software service. Its products are used in analog, automotive, communication, computer, consumer, display, and LED applications. The company was founded in 1986 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Promate Electronic Co reported revenue of 29.7B TWD in FY2025 versus 32.5B TWD in FY2021, a compound −2.2%/yr. Reported net income was 719M TWD in FY2025, compounding −2.4%/yr from FY2021.
of which total revenue +6.1 pp · buybacks/dilution −2.8 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Electronics & Computer Distribution · 151 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 Electronics & Computer Distribution 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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| TD SYNNEX Corporation SNX | $251.52 | $207.02 | -18% |
| Unisplendour Corporation 000938 | ¥38.59 | ¥11.79 | -69% |
| Rexel S.A RXL | €38.59 | €33.31 | -14% |
| Arrow Electronics, Inc ARW | $204.10 | $115.40 | -43% |
| Avnet, Inc AVT | $87.13 | $58.57 | -33% |
| WPG Holdings 3702 | 106.50 TWD | 102.31 TWD | -4% |
| Shenzhen Huaqiang Industry Co 000062 | ¥22.37 | ¥7.52 | -66% |
| Synnex Technology International Corporation 2347 | 85.30 TWD | 86.30 TWD | +1% |
| Nanjing Sunlord Electronics Corporation 300975 | ¥37.37 | ¥8.60 | -77% |
| Beijing Tricolor Technology Co 603516 | ¥106.52 | ¥23.39 | -78% |
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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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