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ITEQ Corporation (6213) Fair Value & Analysis

Technology · TW · Market cap 125B TWD

IC ITEQ Corporation 6213 · TW
Price389.00 TWD
Fair Value81.61 TWD
Upside-79.0%
Quality63/100
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Mixed Growth
Thin margins · 4.3% net margin
Low debt · generates free cash flow
0.82% dividend yield
Trails peers (4/14)
Narrow moat 38/100
Evidence: High Range 50.40 TWD – 103.88 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 17 days ago

Fair value updated Jul 23, 2026, revised from 81.28 TWD to 81.61 TWD (+0.4%) since Jul 12, 2026. Share price −1.1% over the past month.

A solid business, but screening 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (103.88 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (50.40 TWD to 103.88 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

396.00 TWD 48.15 TWD Fair Value 81.61 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 48.15 TWD – 396.00 TWD · fair‑value band 50.40 TWD – 103.88 TWD · the 389.00 TWD price screens above the 81.61 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

ITEQ Corporation (6213) currently trades at 389.00 TWD, while our model-based Fair Value estimate is 81.61 TWD, implying the stock looks roughly 79.0% overvalued today. The Quality Score stands at 63/100 (solid 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, ITEQ Corporation generated revenue of 34.7B TWD at a net margin of 4.3%. Revenue grew 20.6% year over year. It earns a return on equity of 7.1%. Net debt stands at 891M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 50.40 TWD (bear case) to 103.88 TWD (bull case); at 389.00 TWD, the current price sits above 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 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 near its 52-week high and 372% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -79%, 6213 screens richer 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 32.16 TWD 44.09 TWD 61.28 TWD 80
Residual Income 47.70 TWD 50.37 TWD 54.18 TWD 76
Rev-Margin DCF 53.42 TWD 86.48 TWD 124.41 TWD 74
All 26 models by family
DCF Models
FCF DCF 31.78 TWD 45.32 TWD 66.11 TWD 38
Owner Earnings 56.86 TWD 84.65 TWD 127.32 TWD 31
5Y Revenue Exit 53.42 TWD 87.16 TWD 130.98 TWD 39
5Y EBITDA Exit 78.18 TWD 133.70 TWD 199.42 TWD 41
5Y P/E Exit 52.50 TWD 85.42 TWD 120.30 TWD 38
10Y Revenue Exit 43.55 TWD 72.56 TWD 112.77 TWD 36
10Y EBITDA Exit 61.19 TWD 104.96 TWD 165.24 TWD 37
10Y P/E Exit 44.78 TWD 71.35 TWD 104.58 TWD 35
Earnings-Based
Graham-Dodd 28.25 TWD 89.95 TWD 119.89 TWD 54
Lynch FV 19.84 TWD 28.34 TWD 36.84 TWD 50
PEG = 1.0 19.84 TWD 28.34 TWD 36.84 TWD 46
EPV 47.94 TWD 54.61 TWD 60.44 TWD 59
Dividend Discount
Gordon GGM 16.50 TWD 34.32 TWD 54.44 TWD 70
DDM Multi-Stage 16.50 TWD 27.57 TWD 36.02 TWD 61
Multiples
P/E Multiple 62.33 TWD 83.10 TWD 103.88 TWD 63
P/S Multiple 52.98 TWD 70.64 TWD 88.29 TWD 58
P/B Multiple 52.98 TWD 70.64 TWD 88.29 TWD 55
EV/EBIT 96.44 TWD 125.95 TWD 155.45 TWD 53
EV/EBITDA 114.40 TWD 149.89 TWD 185.37 TWD 54
EV/Revenue 67.60 TWD 93.17 TWD 118.73 TWD 43
Asset-Based
NCAV (Graham) 29.26 TWD 39.20 TWD 58.51 TWD 50
Growth DCF
Growth DCF 32.16 TWD 44.09 TWD 61.28 TWD 80
Rev-Margin DCF 53.42 TWD 86.48 TWD 124.41 TWD 74
Economic Profit
Residual Income 47.70 TWD 50.37 TWD 54.18 TWD 76
ROIC Compounder 47.94 TWD 54.61 TWD 62.74 TWD 72
Growth Earnings
Growth-Adj P/E 52.22 TWD 74.61 TWD 96.99 TWD 68

Widest divergence: DCF Models (84.65 TWD) versus Dividend Discount (27.57 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 34.7B TWD
Revenue growth (YoY) +20.6%
Net margin 4.3%
Return on equity 7.1%
Free cash flow 758M TWD FY2025
P/E ratio 84.4
More key figures
Operating margin 4.6%
EPS (TTM) 4.07 TWD
Dividend yield 0.8%
EPS growth (YoY) -7.3%
Net debt 891M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 72

Profitability 37
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 11
Calm price path (market factor)
Momentum 99
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 89
Buybacks instead of dilution

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

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ITEQ Corporation 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.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
33.1B TWD
Latest YoY
+12.7%
Avg. growth/yr (3Y)
+4.3%
Avg. growth/yr (5Y)
+5.4%
Avg. growth/yr (23Y)
+13.7%
Revenue +0.4%/yr
FY21 32.5B TWD
FY22 29.1B TWD
FY23 25.1B TWD
FY24 29.4B TWD
FY25 33.1B TWD
Net income −16.8%/yr
FY21 3.1B TWD
FY22 1.9B TWD
FY23 677M TWD
FY24 822M TWD
FY25 1.5B TWD

6213 screens 79% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "ITEQ Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6213

Peer Group

Electronic Components · 626 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.

Quality Score 63 · Top 25%
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 21% · Top 25%
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 84.4× · Pricier than 75% of peers
P/B 5.87× · Pricier than 75% of peers
P/S (TTM) 3.60× · Pricier than median
P/FCF 5.1× · Pricier than median
EV/EBITDA 32.5× · Pricier than 75% of peers

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.

VALUE 0 · sector 0
FUTURE 100 · sector 32
PAST 29 · sector 24
HEALTH 95 · sector 95
DIVIDEND 16 · sector 25

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is ITEQ Corporation (6213) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 81.61 TWD versus a price of 389.00 TWD, about −79% (overvalued).
What is the fair value of 6213?
Our model-based fair value for ITEQ Corporation is 81.61 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 389.00 TWD.
What is the quality score of 6213?
ITEQ Corporation 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 revenue of ITEQ Corporation (6213)?
ITEQ Corporation reported trailing-twelve-month revenue of about 34.7B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6213?
The net profit margin of ITEQ Corporation is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.
Does ITEQ Corporation pay a dividend?
ITEQ Corporation currently shows a dividend yield of about 0.82% relative to its recent price (as of Jul 23, 2026).

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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