HY Electronic Cayman Ltd (6573) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of HY Electronic Cayman Ltd TWD 20.85, price TWD 15.90, upside +31.1%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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HY Electronic (Cayman) Limited engages in research and development, manufacture, and sale of rectifier diodes, bridge rectifiers, solar diodes, and wafers in China, Asia, Europe, and internationally.
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HY Electronic (Cayman) Limited engages in research and development, manufacture, and sale of rectifier diodes, bridge rectifiers, solar diodes, and wafers in China, Asia, Europe, and internationally. The company provides standard rectifiers, fast, ultra, and superfast recovery diodes, schottky rectifiers, low VF schottky barrier diodes, high voltage glass passivated rectifiers, PV solar cell protection schottky rectifiers, and silicon carbide schottky diodes; standard, low VF, fast recovery, three-phase, and schottky barrier bridge rectifiers; protection devices, including transient voltage suppressors diodes, Zener diodes, and electrical static discharge guards; power modules; and press fit products. It also offers automotive devices; synchronous rectification MosFETs; Super Junction MosFETs. In addition, the company provides OEM, ODM, and OBM services. It serves power supply, automotive, industrial, consumer, communication, and other applications. HY Electronic (Cayman) Limited was incorporated in 2009 and is headquartered in Grand Cayman, the Cayman Islands.
Stock analysis
HY Electronic Cayman Ltd (6573) currently trades at 15.90 TWD, while our model-based Fair Value estimate is 20.85 TWD, implying the stock looks roughly 23.7% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 54.61 TWD per share, and 15 of the 19 models we run sit above the 15.90 TWD price.
Bear case: the Asset-Based group reads lowest at 5.17 TWD, and 4 of the 19 models stay below the price. Evidence for this calculation is low.
Scenario range: 15.64 TWD (bear) to 29.42 TWD (bull), the price of 15.90 TWD sits inside 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 68/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
HY Electronic Cayman Ltd reported revenue of 833M TWD in FY2025 versus 2.1B TWD in FY2021, a compound −20.6%/yr. Reported net income was 98.7M TWD in FY2025.
Key figures
Market cap 1.6B TWD (≈ $49.8M) · P/E ratio 12.9 · P/S ratio 1.53 · EPS (TTM) 1.23 TWD · Net margin 11.8% · Return on equity 16.6% · Return on assets (EBIT) −7.8% · Operating margin −16.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 62% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at 31%, 6573 screens cheaper than that median.
Fair Value models
Bear 15.64 TWDFair Value 20.85 TWDBull 29.42 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.9031 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.Evidence ⓘEvidence = 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
−13.4%
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.
−11.9%
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.
−12.4%
Start year 2020 (pandemic). Over 10 years: −7.3% a year
Revenue growth 11 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.
−6.3%
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Profit margin (trend) ⓘ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.
−11.5% (2020) → −12.6% (2025)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−18.1%
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 −19.4% a year for the price.
Compare HY Electronic Cayman 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.Semiconductors · 339 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+31% · Top 25%
Profitability
Return on equity (TTM)17% · Top 25%
Return on assets−3% · Bottom 25%
Net margin (TTM)14% · Above median
Operating margin (TTM)−16% · Bottom 25%
Growth and dividend
Revenue growth−23% · Bottom 25%
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
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Is HY Electronic Cayman Ltd (6573) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 20.85 TWD versus a price of 15.90 TWD, about +31% upside (undervalued).
What is the fair value of 6573?
Our model-based fair value for HY Electronic Cayman Ltd is 20.85 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 15.90 TWD.
What is the quality score of 6573?
HY Electronic Cayman Ltd has a Quality Score of 68/100. 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 HY Electronic Cayman Ltd (6573)?
Our model-based price target is the fair value of 20.85 TWD (as of Sep 24, 2026) from 19 valuation models. Cautious scenario 15.64 TWD, optimistic scenario 29.42 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the HY Electronic Cayman Ltd stock forecast for 2026?
Our models put fair value at 20.85 TWD, about +31% upside versus a price of 15.90 TWD (undervalued). Cautious scenario 15.64 TWD, optimistic scenario 29.42 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of HY Electronic Cayman Ltd (6573)?
HY Electronic Cayman Ltd reported trailing-twelve-month revenue of about 780M TWD (latest available figure, as of Sep 24, 2026).
What growth is priced into HY Electronic Cayman Ltd (6573)?
For today's price to be fair in a discounted-cash-flow model, HY Electronic Cayman Ltd would have to grow free cash flow by -18.1 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -12.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6573 use?
Our models discount HY Electronic Cayman Ltd at 9.2 %: a base by market capitalisation (nano), damped by beta 0.57, 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 HY Electronic Cayman Ltd that is -18.1 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has HY Electronic Cayman Ltd (6573) delivered so far?
Over the past 5 years revenue at HY Electronic Cayman Ltd grew -12.4 % a year. The price currently implies -18.1 % per year free-cash-flow growth a 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 HY Electronic Cayman Ltd (6573) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into HY Electronic Cayman Ltd (-18.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of HY Electronic Cayman Ltd (6573)?
The free-cash-flow yield on the price is 28.08 %: that much free cash flow HY Electronic Cayman Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of HY Electronic Cayman Ltd (6573)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HY Electronic Cayman Ltd it is 20.85 TWD per share (as of Sep 24, 2026), against a price of 15.90 TWD. It is the blended result of 19 valuation models (cash flow, earnings, asset, dividend).
Is HY Electronic Cayman Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6573 trades below its calculated fair value: price 15.90 TWD, fair value 20.85 TWD, a gap of about +31% (undervalued). 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 6573?
No. The price is what the market pays today (15.90 TWD); the fair value is what the company's own numbers justify (20.85 TWD). For HY Electronic Cayman Ltd the two are 4.95 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is HY Electronic Cayman Ltd worth?
The market values HY Electronic Cayman Ltd at about 1.6B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 15.90 TWD; our models calculate a fair value of 20.85 TWD per share.
What do the bullish and bearish scenarios say about 6573?
Our models span a range for HY Electronic Cayman Ltd: cautious scenario 15.64 TWD, base 20.85 TWD, optimistic 29.42 TWD per share (as of Sep 24, 2026, price 15.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6573?
HY Electronic Cayman Ltd trades at a price-to-earnings ratio of 12.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 20.85 TWD is built from several models across several years. Other multiples: P/B 2.6, P/S 2.0.
How solid is the balance sheet of HY Electronic Cayman Ltd (6573)?
Balance-sheet figures for HY Electronic Cayman Ltd (as of Sep 24, 2026): return on equity 16.6%, debt of 0.17 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 6573 from its 52-week high?
HY Electronic Cayman Ltd trades at 15.90 TWD, about 43% below its 52-week high of 27.95 TWD and 62% above the low of 9.81 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 20.85 TWD is for.
Which stocks are comparable to HY Electronic Cayman Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix Inc, 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 HY Electronic Cayman Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 15.90 TWD, calculated fair value 20.85 TWD (+31%), Quality Score 68/100, from 19 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 6573 calculated?
We run HY Electronic Cayman Ltd through 19 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 20.85 TWD, 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 13.0 % above its aggregate fair value. HY Electronic Cayman Ltd currently trades 31 % below its own fair value, and the market average says nothing about that. 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 HY Electronic Cayman Ltd (6573)?
The closing price on Sep 24, 2026 was 15.90 TWD. Our model-based fair value is 20.85 TWD, about +31% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HY Electronic Cayman Ltd right now?
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (15.64 TWD to 29.42 TWD) leaves room in how you read the outcome.
Key figures of HY Electronic Cayman Ltd
How large is the market capitalisation of HY Electronic Cayman Ltd (6573)?
The market capitalisation of HY Electronic Cayman Ltd is 1.6B TWD (≈ $49.8M). 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 HY Electronic Cayman Ltd (6573)?
The price-to-sales ratio of HY Electronic Cayman Ltd is 1.53 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of HY Electronic Cayman Ltd (6573)?
Earnings per share at HY Electronic Cayman Ltd are 1.23 TWD (price ÷ EPS = P/E 12.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of HY Electronic Cayman Ltd (6573)?
The net margin of HY Electronic Cayman Ltd is 11.8% (fiscal year 2025). 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 HY Electronic Cayman Ltd (6573)?
The return on equity (ROE) of HY Electronic Cayman Ltd is 16.6% (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 HY Electronic Cayman Ltd (6573)?
On an EBIT basis the return on assets of HY Electronic Cayman Ltd is −7.8% (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 HY Electronic Cayman Ltd (6573)?
The operating margin of HY Electronic Cayman Ltd is −16.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HY Electronic Cayman Ltd (6573)?
Revenue at HY Electronic Cayman Ltd is growing −23.2% versus a year earlier (3y avg −11.9%). 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 HY Electronic Cayman Ltd (6573)?
Earnings per share at HY Electronic Cayman Ltd are growing +30.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does HY Electronic Cayman Ltd (6573) carry?
The net debt of HY Electronic Cayman Ltd is 462M TWD (fiscal year 2025, ≈ 1.3 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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