Depo Auto Parts Industrial Co (6605) Fair Value & Analysis
Consumer Cyclical · TW · Market cap 22.1B TWD
Fair value as of: Jul 23, 2026
From 25 valuation models · updated 18 days ago
Fair value updated Jul 23, 2026, revised from 307.88 TWD to 225.32 TWD (−26.8%) since Jun 25, 2026. Share price +10.6% over the past month.
A solid business, screening 60% undervalued on our models.
What matters now
- The price is below even our cautious bear case (157.77 TWD). The market is more pessimistic than our downside scenario.
- Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
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 44.81 TWD – 274.00 TWD · fair‑value band 157.77 TWD – 281.65 TWD · the 141.00 TWD price screens below the 225.32 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
Depo Auto Parts Industrial Co (6605) currently trades at 141.00 TWD, while our model-based Fair Value estimate is 225.32 TWD, implying the stock looks roughly 59.8% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Depo Auto Parts Industrial Co generated revenue of 19.2B TWD at a net margin of 11.5%. Revenue declined 4.5% year over year. It earns a return on equity of 10.7%. Net debt stands at 2.2B TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 157.77 TWD (bear case) to 281.65 TWD (bull case); at 141.00 TWD, the current price sits below 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 28% below its 52-week high and 14% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 60%, 6605 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 25 models by family
Widest divergence: DCF Models (287.55 TWD) versus Asset-Based (80.42 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 60 · Market factors (momentum, volatility) 42
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
Depo Auto Parts Industrial Co., Ltd. manufactures and sells automotive and other related lighting products in Taiwan, Asia, and the United States. The company offers stamping, plastic injections, and painting and other transportation equipment.
Full company description
Depo Auto Parts Industrial Co., Ltd. manufactures and sells automotive and other related lighting products in Taiwan, Asia, and the United States. The company offers stamping, plastic injections, and painting and other transportation equipment. It also engages in the manufactures and trades of automotive and motorcycle parts; automotive and motorcycle light fixtures and bulbs; automotive plastic parts; trades of auto parts; supplies automotive and automotive light equipment; automotive instrument clusters; car and signal lights; automotive parts and components; light products; research and development of automotive electronic devices; and other related products. In addition, the company is involved in the investment business. The company was formerly known as Ming Yang Corp. and changed its name to Depo Auto Parts Industrial Co., Ltd. in August 2002. Depo Auto Parts Industrial Co., Ltd. was founded in 1969 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Depo Auto Parts Industrial Co reported revenue of 19.4B TWD in FY2025 versus 16.1B TWD in FY2021, a compound +4.7%/yr. Reported net income was 2.3B TWD in FY2025, compounding +19.6%/yr from FY2021.
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Peer Group
Auto Parts · 642 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 Auto 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.
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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hyundai Mobis Co 012330 | 482,000 KRW | 678,420 KRW | +41% |
| Magna International Inc MGAN | 1,122 MXN | 1,172 MXN | +4% |
| Samvardhana Motherson International Limited MOTHERSON | ₹144.17 | ₹80.63 | -44% |
| Bosch Limited BOSCHLTD | ₹41,110 | ₹14,004 | -66% |
| Bharat Forge Limited BHARATFORG | ₹2,117 | ₹441.74 | -79% |
| Uno Minda Limited UNOMINDA | ₹1,158 | ₹426.57 | -63% |
| Schaeffler India Limited SCHAEFFLER | ₹4,135 | ₹1,412 | -66% |
| Hankook Tire & Technology Co 161390 | 73,600 KRW | 196,479 KRW | +167% |
| MRF Limited MRF | ₹131,025 | ₹125,849 | -4% |
| Sona BLW Precision Forgings Limited SONACOMS | ₹792.00 | ₹207.06 | -74% |
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Frequently asked questions
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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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