Voltronic Power Technology Corp (6409) Fair Value & Analysis
Industrials · TW · Market cap 85.5B TWD
Fair value as of: Jul 23, 2026
From 26 valuation models · updated 18 days ago
Share price −11.0% over the past month.
A strong business, but screening 26% overvalued on our models.
What matters now
- A high-quality business (quality 78/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (993.89 TWD). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
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 663.00 TWD – 2,370 TWD · fair‑value band 581.26 TWD – 993.89 TWD · the 1,015 TWD price screens above the 753.65 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.
Analysis
Voltronic Power Technology Corp (6409) currently trades at 1,015 TWD, while our model-based Fair Value estimate is 753.65 TWD, implying the stock looks roughly 25.8% overvalued today. The Quality Score stands at 78/100 (high 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: high).
Over the trailing twelve months, Voltronic Power Technology Corp generated revenue of 19.7B TWD at a net margin of 15.5%. Revenue declined 15.8% year over year. It earns a return on equity of 28.8%. The balance sheet holds a net cash position of 5.6B TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 581.26 TWD (bear case) to 993.89 TWD (bull case); at 1,015 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 share trades about 26% below its 52-week high and 53% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -26%, 6409 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.
All 26 models by family
Widest divergence: DCF Models (1,033 TWD) versus Asset-Based (72.98 TWD). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 77 · Market factors (momentum, volatility) 48
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
Voltronic Power Technology Corp., together with its subsidiaries, engages in the manufacture and sale of uninterruptible power systems (UPS) in Taiwan and Mainland China.
Full company description
Voltronic Power Technology Corp., together with its subsidiaries, engages in the manufacture and sale of uninterruptible power systems (UPS) in Taiwan and Mainland China. It offers UPS products, such as DC and standby, line interactive, lithium, single and three phase online UPS, and accessories; PV inverter products, including off-grid, on-grid with energy-storage, solar charge controller, application-specific products, solar accessories, and AVR; energy storage system products and batteries; variable frequency drive products; and AC and DC EV chargers. The company was incorporated in 2008 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Voltronic Power Technology Corp reported revenue of 20.5B TWD in FY2025 versus 17.0B TWD in FY2021, a compound +4.9%/yr. Reported net income was 3.5B TWD in FY2025, compounding +10.5%/yr from FY2021.
6409 screens 26% overvalued. Compare with Contemporary Amperex Technology Co →
Peer Group
Electrical Equipment & Parts · 528 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.
Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$675.50 | HK$391.44 | -42% |
| ABB Ltd ABBN | CHF 83.82 | CHF 35.46 | -58% |
| Delta Electronics (Thailand) Public Company TDED | 10.16 SGD | 1.47 SGD | -86% |
| LG Energy Solution, Ltd 373220 | 334,000 KRW | 201,455 KRW | -40% |
| WEG S.A WEGE3 | 13,210 ARS | 7,948 ARS | -40% |
| Sungrow Power Supply Co 300274 | ¥114.79 | ¥123.83 | +8% |
| Shenzhen Inovance Technology Co 300124 | ¥63.43 | ¥33.04 | -48% |
| HD Hyundai Electric Co 267260 | 823,000 KRW | 371,133 KRW | -55% |
| LS ELECTRIC Co 010120 | 190,000 KRW | 31,517 KRW | -83% |
| Sieyuan Electric Co 002028 | ¥151.73 | ¥71.69 | -53% |
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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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