Motech Industries Co Ltd (6244) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Motech Industries Co Ltd stock TWD 6.54, price TWD 21.30, that is 69.3% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 15.02 TWD – 39.42 TWD · fair‑value band 5.86 TWD – 7.03 TWD · the 21.30 TWD price screens above the 6.54 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Motech Industries Inc. engages in the manufacture and sale of solar products in Taiwan and internationally. It offers solar cells, PV modules, and PV power systems; and manufactures and sells PV inverters.
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The company also offers solar power converters; the design and installation of solar power systems; and the generation and sale of electricity from solar power equipment. Motech Industries Inc. was founded in 1970 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Motech Industries Co Ltd (6244) currently trades at 21.30 TWD, while our model-based Fair Value estimate is 6.54 TWD, 69% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 7.55 TWD per share, and 2 of the 24 models we run sit above the 21.30 TWD price.
Bear case: the Earnings-Based group reads lowest at 2.42 TWD, and 22 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 5.86 TWD (bear) to 7.03 TWD (bull), the price of 21.30 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 47/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Motech Industries Co Ltd reported revenue of 3.1B TWD in FY2025 versus 5.9B TWD in FY2021, a compound −15.0%/yr. Reported net income was 55.1M TWD in FY2025, compounding −15.2%/yr from FY2021.
Key figures
Market cap 8.2B TWD (≈ $251M) Micro · P/E ratio 52.0 · P/S ratio 2.47 · EPS (TTM) 0.4100 TWD · Dividend yield 0.7% · Net margin 4.9% · Return on equity 3.7% · Return on assets (EBIT) 3.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (medium confidence).
What moves the price
The share trades about 41% below its 52-week high and 42% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −69%, 6244 screens richer than that median.
Fair Value models
Bear5.86 TWDFair Value 6.54 TWDBull7.03 TWD
Price 21.30 TWD · Downside -69.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.2315 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−5.1%
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.
−17.0%
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.
−3.6%
Start year 2020 (pandemic). Over 10 years: −18.9% a year
Revenue growth 19 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.
−5.1%
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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.
−13.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.9%
Dividend (yield on the price)0.7%
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.3% → 5%
⚠ Revenue per share shrinking 19.4%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+27.6%
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 +25.6% a year for the price.
Compare Motech Industries Co Ltd with another stock
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.Solar · 97 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Above median
Fair Value upside−68.6% · Bottom 25%
Profitability
Return on equity (12 months)3.7% · Above median
Return on assets0.6% · Above median
Net margin (12 months)4.9% · Above median
Operating margin (12 months)10.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)36.3% · Above median
Dividend yield (12 months)0.7% · Below median
Balance sheet
Debt / equity0.53× · Above median
Valuation Multiplesvs Solar median · lower = cheaper
P/E (12 months)52.0× · Priciest 25%
P/B1.85× · Cheaper than median
P/S (12 months)2.47× · Pricier than median
Price / free cash flow (fiscal year)33.8× · Pricier than median
EV/EBITDA13.1× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 4
FUTURE (revenue growth)100· sector 7
PAST (return on equity)15· sector 0
HEALTH (low debt)74· sector 82
DIVIDEND (yield)13· sector 26
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). "Motech Industries Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6244
Frequently asked questions
Is Motech Industries Co Ltd (6244) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 6.54 TWD versus a price of 21.30 TWD, about 69% lower (overvalued).
What is the fair value of 6244?
Our model-based fair value for Motech Industries Co Ltd is 6.54 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 21.30 TWD.
What is the quality score of 6244?
Motech Industries Co Ltd has a Quality Score of 47/100. 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 Motech Industries Co Ltd (6244)?
Our model-based price target is the fair value of 6.54 TWD (as of Nov 7, 2026) from 24 valuation models. Cautious scenario 5.86 TWD, optimistic scenario 7.03 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Motech Industries Co Ltd stock forecast for 2026?
Our models put fair value at 6.54 TWD, about 69% lower versus a price of 21.30 TWD (overvalued). Cautious scenario 5.86 TWD, optimistic scenario 7.03 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Motech Industries Co Ltd (6244)?
Motech Industries Co Ltd reported trailing-twelve-month revenue of about 3.3B TWD (latest available figure, as of Nov 7, 2026).
Does Motech Industries Co Ltd pay a dividend?
Motech Industries Co Ltd currently shows a dividend yield of 0.66% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Motech Industries Co Ltd (6244) and when is the ex-dividend date?
Motech Industries Co Ltd pays a dividend of 0.14 TWD per share a year, a dividend yield of 0.7%. The last ex-dividend date was Jul 22, 2026. A dividend has been paid every year since 2021. The payout ratio is 34.1% of earnings. Free cash flow covers the dividend 4.41 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Motech Industries Co Ltd (6244)?
For today's price to be fair in a discounted-cash-flow model, Motech Industries Co Ltd would have to grow free cash flow by +27.6 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 6244 use?
Our models discount Motech Industries Co Ltd at 12.7 %: a base by market capitalisation (micro), damped by beta 0.83, 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 Motech Industries Co Ltd that is +27.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Motech Industries Co Ltd (6244) delivered so far?
Over the past 5 years revenue at Motech Industries Co Ltd grew -3.6 % a year. The price currently implies free-cash-flow growth of +27.6 % per 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 Motech Industries Co Ltd (6244) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Motech Industries Co Ltd (+27.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Motech Industries Co Ltd (6244)?
The free-cash-flow yield on the price is 2.90 %: that much free cash flow Motech Industries Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Motech Industries Co Ltd (6244)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Motech Industries Co Ltd it is 6.54 TWD per share (as of Nov 7, 2026), against a price of 21.30 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Motech Industries Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 6244 trades above its calculated fair value: price 21.30 TWD, fair value 6.54 TWD, a gap of about −69% (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 6244?
No. The price is what the market pays today (21.30 TWD); the fair value is what the company's own numbers justify (6.54 TWD). For Motech Industries Co Ltd the two are 14.76 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Motech Industries Co Ltd worth?
The market values Motech Industries Co Ltd at about 8.2B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 21.30 TWD; our models calculate a fair value of 6.54 TWD per share.
What do the bullish and bearish scenarios say about 6244?
Our models span a range for Motech Industries Co Ltd: cautious scenario 5.86 TWD, base 6.54 TWD, optimistic 7.03 TWD per share (as of Nov 7, 2026, price 21.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6244?
Motech Industries Co Ltd trades at a price-to-earnings ratio of 52.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 6.54 TWD is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 80.8. Other multiples: P/B 1.9, P/S 2.5, EV/EBITDA 13.1.
How solid is the balance sheet of Motech Industries Co Ltd (6244)?
Balance-sheet figures for Motech Industries Co Ltd (as of Nov 7, 2026): return on equity 3.7%, debt of 0.53 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 6244 from its 52-week high?
Motech Industries Co Ltd trades at 21.30 TWD, about 41% below its 52-week high of 36.10 TWD and 42% above the low of 15.02 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 6.54 TWD is for.
Which stocks are comparable to Motech Industries Co Ltd?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Tongwei Co, Waaree Energies Limited, 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 Motech Industries Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 21.30 TWD, calculated fair value 6.54 TWD (−69%), Quality Score 47/100, 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 6244 calculated?
We run Motech Industries Co Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 6.54 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Motech Industries Co Ltd 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 Motech Industries Co Ltd (6244)?
The closing price on Nov 9, 2026 was 21.30 TWD. Our model-based fair value is 6.54 TWD, about 69% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Motech Industries Co Ltd right now?
The price sits above even our optimistic bull case (7.03 TWD). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Motech Industries Co Ltd
How large is the market capitalisation of Motech Industries Co Ltd (6244)?
The market capitalisation of Motech Industries Co Ltd is 8.2B TWD (≈ $251M). 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 Motech Industries Co Ltd (6244)?
The price-to-sales ratio of Motech Industries Co Ltd is 2.47 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Motech Industries Co Ltd (6244)?
Earnings per share at Motech Industries Co Ltd are 0.4100 TWD (price ÷ EPS = P/E 52.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Motech Industries Co Ltd (6244)?
The dividend yield of Motech Industries Co Ltd is 0.7% (payout 34.1%). 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 Motech Industries Co Ltd (6244)?
The net margin of Motech Industries Co Ltd is 4.9% (last twelve months). 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 Motech Industries Co Ltd (6244)?
The return on equity (ROE) of Motech Industries Co Ltd is 3.7% (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 Motech Industries Co Ltd (6244)?
On an EBIT basis the return on assets of Motech Industries Co Ltd is 3.1% (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 Motech Industries Co Ltd (6244)?
The operating margin of Motech Industries Co Ltd is 10.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Motech Industries Co Ltd (6244)?
Revenue at Motech Industries Co Ltd is growing +36.3% versus a year earlier (3y avg −17.0%). 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 Motech Industries Co Ltd (6244)?
Earnings per share at Motech Industries Co Ltd are growing +33.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Motech Industries Co Ltd (6244) carry?
The net debt of Motech Industries Co Ltd is 637M TWD (fiscal year 2025, ≈ 2.7 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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Thin data
Nov 7, 2026