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Securitag Assembly Group (6417) Fair Value & Analysis

Technology · TW · Market cap 5.2B TWD

SA Securitag Assembly Group 6417 · TWO
Price114.00 TWD
Fair Value96.54 TWD
Upside-15.3%
Quality70/100
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Healthy Growth
Solidly profitable · 13.3% net margin
Low debt · generates free cash flow
2.03% dividend yield
Ranks above peers (11/14)
Moderate moat 59/100
Evidence: High Range 71.18 TWD – 120.68 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Share price −15.9% over the past month.

A solid business, but screening 15% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • Our model range runs from 71.18 TWD (bear) to 120.68 TWD (bull), base 96.54 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 70/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

178.76 TWD 56.29 TWD Fair Value 96.54 TWD Nov 2020 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 56.29 TWD – 178.76 TWD · fair‑value band 71.18 TWD – 120.68 TWD · the 114.00 TWD price screens above the 96.54 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Securitag Assembly Group (6417) currently trades at 114.00 TWD, while our model-based Fair Value estimate is 96.54 TWD, implying the stock looks roughly 15.3% overvalued today. The Quality Score stands at 70/100 (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, Securitag Assembly Group generated revenue of 1.7B TWD at a net margin of 13.3%. Revenue grew 15.9% year over year. It earns a return on equity of 12.8%. Net debt stands at 140M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 71.18 TWD (bear case) to 120.68 TWD (bull case); at 114.00 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 25% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -15%, 6417 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
Growth DCF 68.61 TWD 108.38 TWD 168.27 TWD 80
Residual Income 37.00 TWD 42.92 TWD 80.81 TWD 76
Rev-Margin DCF 58.48 TWD 94.24 TWD 137.15 TWD 74
All 24 models by family
DCF Models
FCF DCF 68.19 TWD 109.41 TWD 172.53 TWD 38
Owner Earnings 66.91 TWD 107.35 TWD 169.30 TWD 31
5Y Revenue Exit 58.48 TWD 94.27 TWD 140.49 TWD 39
5Y EBITDA Exit 71.35 TWD 119.14 TWD 176.04 TWD 41
5Y P/E Exit 65.88 TWD 108.56 TWD 154.46 TWD 38
10Y Revenue Exit 59.67 TWD 93.26 TWD 139.79 TWD 36
10Y EBITDA Exit 69.48 TWD 110.44 TWD 167.13 TWD 37
10Y P/E Exit 66.03 TWD 103.13 TWD 150.53 TWD 35
Earnings-Based
Graham-Dodd 32.82 TWD 118.75 TWD 160.13 TWD 54
Lynch FV 28.15 TWD 40.21 TWD 52.27 TWD 50
PEG = 1.0 28.15 TWD 40.21 TWD 52.27 TWD 46
EPV 47.01 TWD 54.50 TWD 60.96 TWD 59
Multiples
P/E Multiple 72.41 TWD 96.54 TWD 120.68 TWD 63
P/S Multiple 61.54 TWD 82.06 TWD 102.57 TWD 58
P/B Multiple 61.54 TWD 82.06 TWD 102.57 TWD 55
EV/EBIT 82.23 TWD 109.78 TWD 137.33 TWD 53
EV/EBITDA 81.39 TWD 108.65 TWD 135.92 TWD 54
EV/Revenue 55.29 TWD 79.17 TWD 103.04 TWD 43
Asset-Based
NCAV (Graham) 20.36 TWD 27.28 TWD 40.72 TWD 50
Growth DCF
Growth DCF 68.61 TWD 108.38 TWD 168.27 TWD 80
Rev-Margin DCF 58.48 TWD 94.24 TWD 137.15 TWD 74
Economic Profit
Residual Income 37.00 TWD 42.92 TWD 80.81 TWD 76
ROIC Compounder 49.00 TWD 63.10 TWD 81.51 TWD 72
Growth Earnings
Growth-Adj P/E 51.80 TWD 74.00 TWD 96.20 TWD 68

Widest divergence: DCF Models (107.35 TWD) versus Asset-Based (27.28 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.7B TWD
Revenue growth (YoY) +15.9%
Net margin 13.3%
Return on equity 12.8%
Free cash flow 258M TWD FY2025
P/E ratio 25.4
More key figures
Operating margin 19.1%
EPS (TTM) 4.82 TWD
Dividend yield 2.0%
EPS growth (YoY) +31.7%
Net debt 140M TWD FY2025

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

Quality Score breakdown

Overall quality 70/100

Of which business quality 69 · Market factors (momentum, volatility) 55

Profitability 45
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 43
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

Securitag Assembly Group Co., Ltd. engages in the manufacture and sale of wireless radio frequency identification transponders in Taiwan and internationally. The company offers labels and inlays, hard tags, keyfobs, sensor tages, and cards. It offers products for applications, such as industrial, healthcare, NFC, RFID/sensor, retail/branding, and security.

Full company description

Securitag Assembly Group Co., Ltd. engages in the manufacture and sale of wireless radio frequency identification transponders in Taiwan and internationally. The company offers labels and inlays, hard tags, keyfobs, sensor tages, and cards. It offers products for applications, such as industrial, healthcare, NFC, RFID/sensor, retail/branding, and security. Securitag Assembly Group Co., Ltd. was founded in 1999 and is headquartered in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Securitag Assembly Group reported revenue of 1.6B TWD in FY2025 versus 1.1B TWD in FY2021, a compound +10.3%/yr. Reported net income was 204M TWD in FY2025, compounding +16.0%/yr from FY2021.

Growth Quality 91/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.6B TWD
Latest YoY
+7.8%
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.
+6.9%
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.
+10.1%
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.
+7.7%
Revenue +10.3%/yr
FY21 1.1B TWD
FY22 1.3B TWD
FY23 1.4B TWD
FY24 1.5B TWD
FY25 1.6B TWD
Net income +16.0%/yr
FY21 113M TWD
FY22 190M TWD
FY23 170M TWD
FY24 184M TWD
FY25 204M TWD

6417 screens 15% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "Securitag Assembly Group Fair Value". https://www.fairvalue-calculator.com/stock/6417

Peer Group

Communication Equipment · 286 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 70 · Top 25%
Fair Value upside −15% · Above median
Return on equity (TTM) 13% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 16% · Above median
Dividend yield (TTM) 2.0% · Above median
Debt / equity 0.33× · Higher than 75% of peers

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 25.4× · Cheaper than median
P/B 3.01× · Pricier than median
P/S (TTM) 3.11× · Pricier than median
P/FCF 0.6× · Cheaper than median
EV/EBITDA 13.8× · Cheaper than median

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 13 · sector 0
FUTURE 80 · sector 30
PAST 51 · sector 15
HEALTH 84 · sector 98
DIVIDEND 41 · sector 25

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is Securitag Assembly Group (6417) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 96.54 TWD versus a price of 114.00 TWD, about −15% (overvalued).
What is the fair value of 6417?
Our model-based fair value for Securitag Assembly Group is 96.54 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 114.00 TWD.
What is the quality score of 6417?
Securitag Assembly Group has a Quality Score of 70/100. 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 Securitag Assembly Group (6417)?
Securitag Assembly Group reported trailing-twelve-month revenue of about 1.7B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6417?
The net profit margin of Securitag Assembly Group is about 13.3%, meaning it keeps roughly 13.3% 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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