Ya Horng Electronic Co Ltd (6201) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Ya Horng Electronic Co Ltd TWD 45.21, price TWD 44.70, upside +1.1%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Ya Horng Electronic Co., Ltd. manufactures and sells audio products, household appliances, electronic component, and medical equipment products in Taiwan, the United States, Japan, France, Canada, China, and internationally.
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Ya Horng Electronic Co., Ltd. manufactures and sells audio products, household appliances, electronic component, and medical equipment products in Taiwan, the United States, Japan, France, Canada, China, and internationally. The company offers CD/MP3 players, audio mixers, amplifiers, turntables, and media controllers; appliances, such as blenders, juicers, food processors, desiccants, dehumidifiers, air purifiers, coffee makers, and kitchen masters; and health care products, that includes blood pressure monitors, wearable ECGs, thermometers, pro biometric scale, and oral care products, as well as SONU for the relief of moderate to severe nasal congestion due to allergic and non-allergic rhinitis. It also engages in general investment; production and sale of electricity; provision of sub-products and household products; and electrical appliances business. Ya Horng Electronic Co., Ltd. was founded in 1972 and is headquartered in Tainan City, Taiwan.
Stock analysis
Ya Horng Electronic Co Ltd (6201) currently trades at 44.70 TWD, while our model-based Fair Value estimate is 45.21 TWD, implying the stock looks roughly 1.1% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 63.11 TWD per share, and 11 of the 24 models we run sit above the 44.70 TWD price.
Bear case: the Asset-Based group reads lowest at 21.15 TWD, and 13 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 35.09 TWD (bear) to 62.79 TWD (bull), the price of 44.70 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 67/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Ya Horng Electronic Co Ltd reported revenue of 3.3B TWD in FY2025 versus 3.9B TWD in FY2021, a compound −4.0%/yr. Reported net income was 331M TWD in FY2025, compounding +2.4%/yr from FY2021.
Key figures
Market cap 4.4B TWD (≈ $138M) · P/E ratio 12.1 · P/S ratio 1.21 · EPS (TTM) 3.69 TWD · Dividend yield 6.9% · Net margin 10.0% · Return on equity 11.2% · Return on assets (EBIT) 11.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 1%, 6201 screens richer than that median.
Fair Value models
Bear 35.09 TWDFair Value 45.21 TWDBull 62.79 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.4332 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.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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.3%
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.
+3.4%
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.
−1.1%
Start year 2020 (pandemic). Over 10 years: +0.6% 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.
+0.6%
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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.
+9.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.1%
Dividend (yield on the price)6.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2% vs 5%, slowing
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.11% → 12%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+0.2%
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 −1.4% a year for the price.
Compare Ya Horng Electronic Co Ltd with another stock
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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.Furnishings, Fixtures & Appliances · 316 stocks
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Cite: Fair Value Calculator (2026). "Ya Horng Electronic Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6201
Frequently asked questions
Is Ya Horng Electronic Co Ltd (6201) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 45.21 TWD versus a price of 44.70 TWD, about +1% upside (fairly valued).
What is the fair value of 6201?
Our model-based fair value for Ya Horng Electronic Co Ltd is 45.21 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 44.70 TWD.
What is the quality score of 6201?
Ya Horng Electronic Co Ltd has a Quality Score of 67/100. 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 Ya Horng Electronic Co Ltd (6201)?
Our model-based price target is the fair value of 45.21 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 35.09 TWD, optimistic scenario 62.79 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ya Horng Electronic Co Ltd stock forecast for 2026?
Our models put fair value at 45.21 TWD, about +1% upside versus a price of 44.70 TWD (fairly valued). Cautious scenario 35.09 TWD, optimistic scenario 62.79 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ya Horng Electronic Co Ltd (6201)?
Ya Horng Electronic Co Ltd reported trailing-twelve-month revenue of about 3.2B TWD (latest available figure, as of Sep 24, 2026).
Does Ya Horng Electronic Co Ltd pay a dividend?
Ya Horng Electronic Co Ltd currently shows a dividend yield of about 6.94% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Ya Horng Electronic Co Ltd (6201)?
For today's price to be fair in a discounted-cash-flow model, Ya Horng Electronic Co Ltd would have to grow free cash flow by +0.2 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6201 use?
Our models discount Ya Horng Electronic Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.11, 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 Ya Horng Electronic Co Ltd that is +0.2 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Ya Horng Electronic Co Ltd (6201) delivered so far?
Over the past 5 years revenue at Ya Horng Electronic Co Ltd grew -1.1 % a year. The price currently implies +0.2 % 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 Ya Horng Electronic Co Ltd (6201) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Ya Horng Electronic Co Ltd (+0.2 % 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 Ya Horng Electronic Co Ltd (6201)?
The free-cash-flow yield on the price is 7.01 %: that much free cash flow Ya Horng Electronic Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ya Horng Electronic Co Ltd (6201)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ya Horng Electronic Co Ltd it is 45.21 TWD per share (as of Sep 24, 2026), against a price of 44.70 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Ya Horng Electronic Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6201 trades below its calculated fair value: price 44.70 TWD, fair value 45.21 TWD, a gap of about +1% (fairly valued). 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 6201?
No. The price is what the market pays today (44.70 TWD); the fair value is what the company's own numbers justify (45.21 TWD). For Ya Horng Electronic Co Ltd the two are 0.5100 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ya Horng Electronic Co Ltd worth?
The market values Ya Horng Electronic Co Ltd at about 4.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 44.70 TWD; our models calculate a fair value of 45.21 TWD per share.
What do the bullish and bearish scenarios say about 6201?
Our models span a range for Ya Horng Electronic Co Ltd: cautious scenario 35.09 TWD, base 45.21 TWD, optimistic 62.79 TWD per share (as of Sep 24, 2026, price 44.70 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6201?
Ya Horng Electronic Co Ltd trades at a price-to-earnings ratio of 12.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 45.21 TWD is built from several models across several years. Other multiples: P/B 1.6, P/S 1.4, EV/EBITDA 9.6.
How solid is the balance sheet of Ya Horng Electronic Co Ltd (6201)?
Balance-sheet figures for Ya Horng Electronic Co Ltd (as of Sep 24, 2026): return on equity 11.2%, debt of 0.00 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 6201 from its 52-week high?
Ya Horng Electronic Co Ltd trades at 44.70 TWD, about 23% below its 52-week high of 58.00 TWD and 1% above the low of 44.20 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 45.21 TWD is for.
Which stocks are comparable to Ya Horng Electronic Co Ltd?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, Haier Smart Home Co, King Slide Works 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 Ya Horng Electronic Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 44.70 TWD, calculated fair value 45.21 TWD (+1%), Quality Score 67/100, from 24 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 6201 calculated?
We run Ya Horng Electronic Co Ltd through 24 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 45.21 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 14.0 % above its aggregate fair value. Ya Horng Electronic Co Ltd currently trades 1 % 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 Ya Horng Electronic Co Ltd (6201)?
The closing price on Sep 24, 2026 was 44.70 TWD. Our model-based fair value is 45.21 TWD, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ya Horng Electronic Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Ya Horng Electronic Co Ltd (6201) come from?
Earnings per share at Ya Horng Electronic Co Ltd grew +6.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share −0.1 %, EBIT margin +8.4 %, tax rate +0.0 %, residual (interest, one-offs) −1.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Ya Horng Electronic Co Ltd
How large is the market capitalisation of Ya Horng Electronic Co Ltd (6201)?
The market capitalisation of Ya Horng Electronic Co Ltd is 4.4B TWD (≈ $138M). 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 Ya Horng Electronic Co Ltd (6201)?
The price-to-sales ratio of Ya Horng Electronic Co Ltd is 1.21 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ya Horng Electronic Co Ltd (6201)?
Earnings per share at Ya Horng Electronic Co Ltd are 3.69 TWD (price ÷ EPS = P/E 12.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ya Horng Electronic Co Ltd (6201)?
The dividend yield of Ya Horng Electronic Co Ltd is 6.9% (payout 84.0%). 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 Ya Horng Electronic Co Ltd (6201)?
The net margin of Ya Horng Electronic Co Ltd is 10.0% (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 Ya Horng Electronic Co Ltd (6201)?
The return on equity (ROE) of Ya Horng Electronic Co Ltd is 11.2% (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 Ya Horng Electronic Co Ltd (6201)?
On an EBIT basis the return on assets of Ya Horng Electronic Co Ltd is 11.1% (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 Ya Horng Electronic Co Ltd (6201)?
The operating margin of Ya Horng Electronic Co Ltd is 10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ya Horng Electronic Co Ltd (6201)?
Revenue at Ya Horng Electronic Co Ltd is growing −12.8% versus a year earlier (3y avg +3.4%). 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 Ya Horng Electronic Co Ltd (6201)?
Earnings per share at Ya Horng Electronic Co Ltd are growing −39.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ya Horng Electronic Co Ltd (6201) hold?
Ya Horng Electronic Co Ltd holds more cash than debt, 527M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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