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Tera Autotech Corporation (6234) Fair Value & Analysis

Industrials · TW · Market cap 3.6B TWD

TA Tera Autotech Corporation 6234 · TWO
Price37.45 TWD
Fair Value33.67 TWD
Upside-10.1%
Quality46/100
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Weak Growth
Thin margins · 1.7% net margin
Low debt · negative free cash flow
Trails peers (4/13)
Narrow moat 16/100
Evidence: Medium Range 25.25 TWD – 42.09 TWD Share as image

Fair value as of: Jul 23, 2026

From 11 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 33.38 TWD to 33.67 TWD (+0.9%) since Jul 12, 2026. Share price −11.3% over the past month.

Below-average quality, and screening another 10% overvalued on our models.

What matters now

  • Our model range runs from 25.25 TWD (bear) to 42.09 TWD (bull), base 33.67 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 46/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

62.00 TWD 17.11 TWD Fair Value 33.67 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 17.11 TWD – 62.00 TWD · fair‑value band 25.25 TWD – 42.09 TWD · the 37.45 TWD price screens above the 33.67 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Tera Autotech Corporation (6234) currently trades at 37.45 TWD, while our model-based Fair Value estimate is 33.67 TWD, implying the stock looks roughly 10.1% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials 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: medium).

Over the trailing twelve months, Tera Autotech Corporation generated revenue of 515M TWD at a net margin of 1.7%. Revenue grew 40.2% year over year. It earns a return on equity of 0.3%. Net debt stands at 148M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 25.25 TWD (bear case) to 42.09 TWD (bull case); at 37.45 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 41% below its 52-week high and 89% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at -10%, 6234 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.

Model 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
Highest evidence
Residual Income 590.20 TWD 543.25 TWD 355.80 TWD 76
Gordon GGM 127.88 TWD 139.54 TWD 156.70 TWD 70
Growth-Adj P/E 17.81 TWD 25.25 TWD 33.02 TWD 68
All 11 models by family
DCF Models
Owner Earnings 443.86 TWD 498.58 TWD 597.00 TWD 31
Earnings-Based
Graham-Dodd 11.01 TWD 13.27 TWD 14.89 TWD 54
Dividend Discount
Gordon GGM 127.88 TWD 139.54 TWD 156.70 TWD 70
DDM Multi-Stage 127.88 TWD 157.99 TWD 199.43 TWD 61
Multiples
P/E Multiple 25.25 TWD 33.67 TWD 42.09 TWD 63
P/S Multiple 20.40 TWD 27.20 TWD 33.99 TWD 58
P/B Multiple 20.40 TWD 27.20 TWD 33.99 TWD 55
EV/EBITDA 377.17 TWD 405.01 TWD 432.85 TWD 54
Asset-Based
NCAV (Graham) 447.42 TWD 599.59 TWD 894.85 TWD 50
Economic Profit
Residual Income 590.20 TWD 543.25 TWD 355.80 TWD 76
Growth Earnings
Growth-Adj P/E 17.81 TWD 25.25 TWD 33.02 TWD 68

Widest divergence: Asset-Based (599.59 TWD) versus Earnings-Based (13.27 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 515M TWD
Revenue growth (YoY) +40.2%
Net margin 1.7%
Return on equity 0.3%
Free cash flow −38.6M TWD FY2025
P/E ratio 862.0
More key figures
Operating margin -4.6%
EPS (TTM) 0.0500 TWD
EPS growth (YoY) +21.1%
Net debt 148M TWD FY2025

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 44 · Market factors (momentum, volatility) 56

Profitability 11
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 37
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 82
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

Tera Autotech Corporation engages in the research and development, design, manufacture, sale, and import and export of industrial automation equipment in Taiwan and China.

Full company description

Tera Autotech Corporation engages in the research and development, design, manufacture, sale, and import and export of industrial automation equipment in Taiwan and China. The company offers warehousing and conveying equipment, including cleanroom, normal environment, semiconductor, and peripheral equipment; and whole plant automated logistic equipment for LCD, solar, 3C, and PCB drill industries. It also provides automatic re-grind, product inspection, RGV, and lock screw machines; drill products, such as standard, micro, large, UC, and slot drills, as well as router bits; CNC machines, welding equipment, and chamber processing machines; and measurement equipment comprising CMM products, laser trackers, and laser interferon meters. The company was formerly known as Gauss Automation Corporation and changed its name to Tera Autotech Corporation in 1990. Tera Autotech Corporation was incorporated in 1979 and is based in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tera Autotech Corporation reported revenue of 478M TWD in FY2025 versus 1.2B TWD in FY2021, a compound −21.1%/yr. Reported net income was 5.0M TWD in FY2025, compounding −55.4%/yr from FY2021.

Growth Quality 14/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
478M TWD
Latest YoY
−26.4%
Avg. growth/yr (3Y) 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.
−29.0%
Avg. growth/yr (5Y) 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.
−16.7%
Avg. growth/yr (8Y) 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.
−6.5%
Revenue −21.1%/yr
FY21 1.2B TWD
FY22 1.3B TWD
FY23 1.1B TWD
FY24 650M TWD
FY25 478M TWD
Net income −55.4%/yr
FY21 125M TWD
FY22 184M TWD
FY23 128M TWD
FY24 105M TWD
FY25 5.0M TWD

6234 screens 10% overvalued. Compare with Techtronic Industries Company →

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Cite: Fair Value Calculator (2026). "Tera Autotech Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6234

Peer Group

Tools & Accessories · 119 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 46 · Bottom 25%
Fair Value upside −10% · Above median
Return on equity (TTM) 0% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) 2% · Bottom 25%
Operating margin (TTM) -5% · Bottom 25%
Revenue growth 40% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Tools & Accessories median · lower = cheaper

P/E (TTM) 711.0× · Pricier than 75% of peers
P/B 1.29× · Cheaper than median
P/S (TTM) 6.93× · Pricier than 75% of peers
EV/EBITDA 92.6× · 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 20 · sector 3
FUTURE 100 · sector 14
PAST 1 · sector 28
HEALTH 100 · sector 96
DIVIDEND 0 · sector 36

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 Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Techtronic Industries Company 0669 HK$129.60 HK$81.05 -37%
Snap-on Incorporated SNA $410.99 $350.46 -15%
RBC Bearings Incorporated RBC $595.49 $184.29 -69%
Lincoln Electric Holdings LECO $252.58 $154.80 -39%
Stanley Black & Decker, Inc SWK $88.22 $54.24 -39%
AB SKF (publ) SKFB kr 258.90 kr 192.57 -26%
The Timken Company TKR $139.47 $66.33 -52%
The Toro Company TTC $94.42 $69.71 -26%
SFS Group SFSN CHF 140.00 CHF 118.30 -16%
Hangzhou Greatstar Industrial Co 002444 ¥29.33 ¥35.72 +22%

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Frequently asked questions

Is Tera Autotech Corporation (6234) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 33.67 TWD versus a price of 37.45 TWD, about −10% (overvalued).
What is the fair value of 6234?
Our model-based fair value for Tera Autotech Corporation is 33.67 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 37.45 TWD.
What is the quality score of 6234?
Tera Autotech Corporation has a Quality Score of 46/100. 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 Tera Autotech Corporation (6234)?
Tera Autotech Corporation reported trailing-twelve-month revenue of about 515M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6234?
The net profit margin of Tera Autotech Corporation is about 1.7%, meaning it keeps roughly 1.7% of revenue as net income. Based on the latest reported figures.

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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