ITEQ Corp (6213) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of ITEQ Corp TWD 81.55, price TWD 595, upside -86.3%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value 81.55 TWD · Strongly overvalued (−86%)
!Quality 63/100
!Mixed Growth(revenue 5y +5.4 %/yr)
!Thin margins · 4.3% net margin (TTM)
✓Low debt · generates free cash flow
·0.50% dividend yield
!Trails peers(4/14)
!Narrow moat38/100
!Evidence only low, so the estimate is less certain
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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 48.15 TWD – 595.00 TWD · fair‑value band 50.71 TWD – 121.50 TWD · the 595.00 TWD price screens above the 81.55 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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ITEQ Corporation engages in the manufacture and sale of copper clad laminate materials used for fabrication of printed circuit boards in Taiwan, Asia, Europe, and internationally. It offers mass lamination boards, copper clad laminates, prepreg products, and electronic components, as well as import and export trading of manufacturing equipment.
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ITEQ Corporation engages in the manufacture and sale of copper clad laminate materials used for fabrication of printed circuit boards in Taiwan, Asia, Europe, and internationally. It offers mass lamination boards, copper clad laminates, prepreg products, and electronic components, as well as import and export trading of manufacturing equipment. The company's products are used in various application areas, such as computational and communications applications, including servers, storage, and switches; radio frequency and microwave devices, such as 5G and mmWaves; automotive applications comprising advanced driver assist systems; and high-density interconnect solutions, which include smartphones. ITEQ Corporation was incorporated in 1997 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
ITEQ Corp (6213) currently trades at 595.00 TWD, while our model-based Fair Value estimate is 81.55 TWD, implying the stock looks roughly 629.4% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 101.05 TWD per share, and 0 of the 26 models we run sit above the 595.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 27.57 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 50.71 TWD (bear) to 121.50 TWD (bull), the price of 595.00 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 63/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
ITEQ Corp reported revenue of 33.1B TWD in FY2025 versus 32.5B TWD in FY2021, a compound +0.4%/yr. Reported net income was 1.5B TWD in FY2025, compounding −16.8%/yr from FY2021.
Key figures
Market cap 216B TWD (≈ $6.8B) · P/E ratio 146.2 · P/S ratio 6.67 · EPS (TTM) 4.07 TWD · Dividend yield 0.5% · Net margin 4.6% · Return on equity 7.1% · Return on assets (EBIT) 6.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades at its 52-week high and 513% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −65% fair-value upside, at −86%, 6213 screens richer than that median.
Fair Value models
Bear 50.71 TWDFair Value 81.55 TWDBull 121.50 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 (0.7981 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.56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.7%
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.
+4.3%
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.
+5.4%
Start year 2020 (pandemic). Over 10 years: +5.7% 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.
+13.7%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−21.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−21.6%
Dividend (yield on the price)0.5%
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.−12% vs 9%, 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.14% → 7%
2025 sits 84% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+69.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+24.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +66.8% a year for the price and +22.4% for the forecasts.
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 · 644 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−85% · Bottom 25%
Profitability
Return on equity (TTM)7% · Above median
Return on assets4% · Above median
Net margin (TTM)4% · Below median
Operating margin (TTM)5% · Below median
Growth and dividend
Revenue growth21% · Above median
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.10× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)146.2× · Priciest 25%
P/B9.23× · Priciest 25%
P/S (TTM)5.67× · Priciest 25%
P/FCF8.1× · Pricier than median
EV/EBITDA51.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 40
PAST (return on equity)29· sector 25
HEALTH (low debt)95· sector 95
DIVIDEND (yield)10· sector 24
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). "ITEQ Corp Fair Value". https://www.fairvalue-calculator.com/stock/6213
Frequently asked questions
Is ITEQ Corp (6213) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 81.55 TWD versus a price of 595.00 TWD, about −86% upside (overvalued).
What is the fair value of 6213?
Our model-based fair value for ITEQ Corp is 81.55 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 595.00 TWD.
What is the quality score of 6213?
ITEQ Corp has a Quality Score of 63/100. 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 ITEQ Corp (6213)?
Our model-based price target is the fair value of 81.55 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 50.71 TWD, optimistic scenario 121.50 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the ITEQ Corp stock forecast for 2026?
Our models put fair value at 81.55 TWD, about −86% upside versus a price of 595.00 TWD (overvalued). Cautious scenario 50.71 TWD, optimistic scenario 121.50 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of ITEQ Corp (6213)?
ITEQ Corp reported trailing-twelve-month revenue of about 34.7B TWD (latest available figure, as of Sep 24, 2026).
Does ITEQ Corp pay a dividend?
ITEQ Corp currently shows a dividend yield of about 0.50% relative to its recent price (as of Sep 24, 2026).
What growth is priced into ITEQ Corp (6213)?
For today's price to be fair in a discounted-cash-flow model, ITEQ Corp would have to grow free cash flow by +69.4 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6213 use?
Our models discount ITEQ Corp at 11.0 %: a base by market capitalisation (large), damped by beta 1.52, 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 ITEQ Corp that is +69.4 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has ITEQ Corp (6213) delivered so far?
Over the past 5 years revenue at ITEQ Corp grew +5.4 % a year. The price currently implies +69.4 % 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 ITEQ Corp (6213) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into ITEQ Corp (+69.4 % 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 ITEQ Corp (6213)?
The free-cash-flow yield on the price is 0.35 %: that much free cash flow ITEQ Corp produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ITEQ Corp (6213)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ITEQ Corp it is 81.55 TWD per share (as of Sep 24, 2026), against a price of 595.00 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is ITEQ Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6213 trades above its calculated fair value: price 595.00 TWD, fair value 81.55 TWD, a gap of about −86% (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 6213?
No. The price is what the market pays today (595.00 TWD); the fair value is what the company's own numbers justify (81.55 TWD). For ITEQ Corp the two are 513.45 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is ITEQ Corp worth?
The market values ITEQ Corp at about 216B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 595.00 TWD; our models calculate a fair value of 81.55 TWD per share.
What do the bullish and bearish scenarios say about 6213?
Our models span a range for ITEQ Corp: cautious scenario 50.71 TWD, base 81.55 TWD, optimistic 121.50 TWD per share (as of Sep 24, 2026, price 595.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6213?
ITEQ Corp trades at a price-to-earnings ratio of 146.2 (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 81.55 TWD is built from several models across several years. Other multiples: P/B 9.2, P/S 5.7, EV/EBITDA 51.6.
How solid is the balance sheet of ITEQ Corp (6213)?
Balance-sheet figures for ITEQ Corp (as of Sep 24, 2026): return on equity 7.1%, debt of 0.10 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 6213 from its 52-week high?
ITEQ Corp trades at 595.00 TWD, at its 52-week high of 595.00 TWD and 513% above the low of 97.00 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 81.55 TWD is for.
Which stocks are comparable to ITEQ Corp?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Luxshare 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 ITEQ Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 595.00 TWD, calculated fair value 81.55 TWD (−86%), Quality Score 63/100, 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 6213 calculated?
We run ITEQ Corp 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 81.55 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 14.1 % above its aggregate fair value. ITEQ Corp 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 ITEQ Corp (6213)?
The closing price on Sep 24, 2026 was 595.00 TWD. Our model-based fair value is 81.55 TWD, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ITEQ Corp right now?
The price sits above even our optimistic bull case (121.50 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 (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (50.71 TWD to 121.50 TWD) leaves room in how you read the outcome.
Where does the earnings growth of ITEQ Corp (6213) come from?
Earnings per share at ITEQ Corp grew +3.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.3 %, EBIT margin −1.3 %, tax rate +0.9 %, residual (interest, one-offs) +0.2 %. 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 ITEQ Corp
How large is the market capitalisation of ITEQ Corp (6213)?
The market capitalisation of ITEQ Corp is 216B TWD (≈ $6.8B). 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 ITEQ Corp (6213)?
The price-to-sales ratio of ITEQ Corp is 6.67 (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 ITEQ Corp (6213)?
Earnings per share at ITEQ Corp are 4.07 TWD (price ÷ EPS = P/E 146.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ITEQ Corp (6213)?
The dividend yield of ITEQ Corp is 0.5% (payout 73.7%). 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 ITEQ Corp (6213)?
The net margin of ITEQ Corp is 4.6% (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 ITEQ Corp (6213)?
The return on equity (ROE) of ITEQ Corp is 7.1% (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 ITEQ Corp (6213)?
On an EBIT basis the return on assets of ITEQ Corp is 6.2% (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 ITEQ Corp (6213)?
The operating margin of ITEQ Corp is 4.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ITEQ Corp (6213)?
Revenue at ITEQ Corp is growing +20.6% versus a year earlier (3y avg +4.3%). 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 ITEQ Corp (6213)?
Earnings per share at ITEQ Corp are growing −7.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ITEQ Corp (6213) carry?
The net debt of ITEQ Corp is 891M TWD (fiscal year 2025, ≈ 1.2 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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