Highlight Tech (6208) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Highlight Tech TWD 38.62, price TWD 74.30, upside -48.0%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Highlight Tech Corp. designs, manufactures, sells, retails, wholesales, repairs, and maintains electronic components in Taiwan, Japan, and China.
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Highlight Tech Corp. designs, manufactures, sells, retails, wholesales, repairs, and maintains electronic components in Taiwan, Japan, and China. It offers cylindrical, box, D shape, spherical, polygon, bell jar, large, and aluminum vacuum chambers, as well as vacuum modules and systems; vacuum chamber kits; ultra-high vacuum chambers; and vacuum poppet, aluminum alloy angle, vacuum gate, vacuum butterfly, rectangular gate, pendulum, teflon coating, vacuum ball, vacuum check, valve and pumping, and metal vacuum valves, as well as vacuum valve kits. The company also provides vacuum components, including elbows-tees-crosses fittings, vacuum flanges, teflon bellows, hydroformed vacuum bellows, centering rings, vacuum clamps, adaptor fittings, vacuum viewports, vacuum feedthroughs, vacuum mold gauge and accessories, as well as KF, ISO, UHV, and CF components; and vacuum pumps comprising edwards turbomolecular, scroll, and refurbished vacuum pumps, and EBARA dry pump repair kits. In addition, it offers local wet scrubber; energy saving heat jacket; perfluoroelastomer O'rings; retails electronic materials and products, mechanical equipment and appliances, and related parts; and sells medical and electrical equipment, optical and precision instruments, semiconductors, automatic solar cell stringer machines, and solar energy and testing equipment. Further, the company provides vacuum pump and valves overhaul services; refurbished vacuum pump services; and optoelectronic process facilities. Additionally, it engages in surface treatment and automatic control equipment engineering; and cleaning business. Highlight Tech Corp. was incorporated in 1997 and is headquartered in Tainan City, Taiwan.
Stock analysis
Highlight Tech (6208) currently trades at 74.30 TWD, while our model-based Fair Value estimate is 38.62 TWD, implying the stock looks roughly 92.4% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 47.17 TWD per share, and 1 of the 26 models we run sit above the 74.30 TWD price.
Bear case: the Earnings-Based group reads lowest at 17.00 TWD, and 25 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 21.83 TWD (bear) to 59.06 TWD (bull), the price of 74.30 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 53/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Highlight Tech reported revenue of 3.8B TWD in FY2025 versus 3.3B TWD in FY2021, a compound +3.2%/yr. Reported net income was 238M TWD in FY2025, compounding −11.5%/yr from FY2021.
Key figures
Market cap 7.9B TWD (≈ $247M) · P/E ratio 29.7 · P/S ratio 1.89 · EPS (TTM) 2.50 TWD · Dividend yield 2.7% · Net margin 6.3% · Return on equity 11.5% · Return on assets (EBIT) 7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 83% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at −48%, 6208 screens cheaper than that median.
Fair Value models
Bear 21.83 TWDFair Value 38.62 TWDBull 59.06 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 (0.3671 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.65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.6%
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.
−1.3%
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.
+7.9%
Start year 2020 (pandemic)
Revenue growth 8 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.
+10.5%
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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.
+1.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.8%
Dividend (yield on the price)2.7%
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.16% → 10%
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).
+41.1%
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 +38.9% 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.Specialty Industrial Machinery · 828 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−49% · Below median
Profitability
Return on equity (TTM)11% · Above median
Return on assets3% · Below median
Net margin (TTM)10% · Above median
Operating margin (TTM)8% · Below median
Growth and dividend
Revenue growth−11% · Bottom 25%
Dividend yield (TTM)2.7% · Top 25%
Balance sheet
Debt / equity0.41× · Highest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (TTM)29.7× · Pricier than median
P/B2.54× · Pricier than median
P/S (TTM)2.15× · Pricier than median
P/FCF1.7× · Cheaper than median
EV/EBITDA15.1× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 22
PAST (return on equity)46· sector 28
HEALTH (low debt)80· sector 96
DIVIDEND (yield)54· 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). "Highlight Tech Fair Value". https://www.fairvalue-calculator.com/stock/6208
Frequently asked questions
Is Highlight Tech (6208) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 38.62 TWD versus a price of 74.30 TWD, about −48% upside (overvalued).
What is the fair value of 6208?
Our model-based fair value for Highlight Tech is 38.62 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 74.30 TWD.
What is the quality score of 6208?
Highlight Tech has a Quality Score of 53/100. 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 Highlight Tech (6208)?
Our model-based price target is the fair value of 38.62 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 21.83 TWD, optimistic scenario 59.06 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Highlight Tech stock forecast for 2026?
Our models put fair value at 38.62 TWD, about −48% upside versus a price of 74.30 TWD (overvalued). Cautious scenario 21.83 TWD, optimistic scenario 59.06 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Highlight Tech (6208)?
Highlight Tech reported trailing-twelve-month revenue of about 3.7B TWD (latest available figure, as of Sep 24, 2026).
Does Highlight Tech pay a dividend?
Highlight Tech currently shows a dividend yield of about 2.69% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Highlight Tech (6208)?
For today's price to be fair in a discounted-cash-flow model, Highlight Tech would have to grow free cash flow by +41.1 % per year for five years (discount rate 13.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6208 use?
Our models discount Highlight Tech at 13.0 %: a base by market capitalisation (micro), damped by beta 0.92, 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 Highlight Tech that is +41.1 % per year a year over ten years, using the same discount rate (13.0 %) and the same formula as our fair value.
How much growth has Highlight Tech (6208) delivered so far?
Over the past 5 years revenue at Highlight Tech grew +7.9 % a year. The price currently implies +41.1 % 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 Highlight Tech (6208) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Highlight Tech (+41.1 % 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 Highlight Tech (6208)?
The free-cash-flow yield on the price is 2.03 %: that much free cash flow Highlight Tech produces per unit of market value. When it exceeds the discount rate of our models (13.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Highlight Tech (6208)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Highlight Tech it is 38.62 TWD per share (as of Sep 24, 2026), against a price of 74.30 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Highlight Tech stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6208 trades above its calculated fair value: price 74.30 TWD, fair value 38.62 TWD, a gap of about −48% (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 6208?
No. The price is what the market pays today (74.30 TWD); the fair value is what the company's own numbers justify (38.62 TWD). For Highlight Tech the two are 35.68 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Highlight Tech worth?
The market values Highlight Tech at about 7.9B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 74.30 TWD; our models calculate a fair value of 38.62 TWD per share.
What do the bullish and bearish scenarios say about 6208?
Our models span a range for Highlight Tech: cautious scenario 21.83 TWD, base 38.62 TWD, optimistic 59.06 TWD per share (as of Sep 24, 2026, price 74.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6208?
Highlight Tech trades at a price-to-earnings ratio of 29.7 (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 38.62 TWD is built from several models across several years. Other multiples: P/B 2.5, P/S 2.1, EV/EBITDA 15.1.
How solid is the balance sheet of Highlight Tech (6208)?
Balance-sheet figures for Highlight Tech (as of Sep 24, 2026): return on equity 11.5%, debt of 0.41 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 6208 from its 52-week high?
Highlight Tech trades at 74.30 TWD, about 30% below its 52-week high of 105.50 TWD and 83% above the low of 40.55 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 38.62 TWD is for.
Which stocks are comparable to Highlight Tech?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Highlight Tech stock attractive at the current price?
The data as of Sep 24, 2026: price 74.30 TWD, calculated fair value 38.62 TWD (−48%), Quality Score 53/100, from 26 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 6208 calculated?
We run Highlight Tech through 26 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 38.62 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. Highlight Tech 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 Highlight Tech (6208)?
The closing price on Sep 24, 2026 was 74.30 TWD. Our model-based fair value is 38.62 TWD, about −48% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Highlight Tech right now?
The price sits above even our optimistic bull case (59.06 TWD). The favourable scenario is already priced in. The model range is unusually wide (21.83 TWD to 59.06 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Highlight Tech
How large is the market capitalisation of Highlight Tech (6208)?
The market capitalisation of Highlight Tech is 7.9B TWD (≈ $247M). 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 Highlight Tech (6208)?
The price-to-sales ratio of Highlight Tech is 1.89 (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 Highlight Tech (6208)?
Earnings per share at Highlight Tech are 2.50 TWD (price ÷ EPS = P/E 29.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Highlight Tech (6208)?
The dividend yield of Highlight Tech is 2.7% (payout 80.0%). 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 Highlight Tech (6208)?
The net margin of Highlight Tech is 6.3% (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 Highlight Tech (6208)?
The return on equity (ROE) of Highlight Tech is 11.5% (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 Highlight Tech (6208)?
On an EBIT basis the return on assets of Highlight Tech is 7.5% (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 Highlight Tech (6208)?
The operating margin of Highlight Tech is 7.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Highlight Tech (6208)?
Revenue at Highlight Tech is growing −10.7% versus a year earlier (3y avg −1.3%). 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 Highlight Tech (6208)?
Earnings per share at Highlight Tech are growing +205% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Highlight Tech (6208) carry?
The net debt of Highlight Tech is 1.9B TWD (fiscal year 2025, ≈ 13.3 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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