Cystech Electronics Corp (6651) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Cystech Electronics Corp TWD 114, price TWD 150, upside -23.5%, quality 80 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 50.90 TWD – 169.00 TWD · fair‑value band 84.07 TWD – 152.35 TWD · the 149.50 TWD price screens above the 114.37 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Cystech Electronics Corp. designs, develops, manufactures, and supplies power devices for the computing, consumer electronics, communication, and industrial markets worldwide.
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Cystech Electronics Corp. designs, develops, manufactures, and supplies power devices for the computing, consumer electronics, communication, and industrial markets worldwide. The company provides MOSFET products; bipolar and digital transistors; DC to DC integrated circuits (IC); dual operational amplifier and voltage references, and regulators; transistor- AECQ.; and silicon carbide schottky diodes. It provides switching control, fast, zener, switching, and schottky diodes; general purpose, glass passivated, and snubber damping rectifiers; and TVS products. Cystech Electronics Corp. is based in New Taipei City, Taiwan.
Stock analysis
Cystech Electronics Corp (6651) currently trades at 149.50 TWD, while our model-based Fair Value estimate is 114.37 TWD, implying the stock looks roughly 30.7% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 145.63 TWD per share, and 5 of the 24 models we run sit above the 149.50 TWD price.
Bear case: the Asset-Based group reads lowest at 24.67 TWD, and 19 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 84.07 TWD (bear) to 152.35 TWD (bull), the price of 149.50 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 80/100 (high quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Cystech Electronics Corp reported revenue of 1.5B TWD in FY2025 versus 1.6B TWD in FY2021, a compound −2.0%/yr. Reported net income was 218M TWD in FY2025, compounding −3.6%/yr from FY2021.
Key figures
Market cap 5.2B TWD (≈ $163M) · P/E ratio 23.8 · P/S ratio 3.46 · EPS (TTM) 6.29 TWD · Dividend yield 2.7% · Net margin 14.5% · Return on equity 20.0% · Return on assets (EBIT) 18.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 116% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −24%, 6651 screens cheaper than that median.
Fair Value models
Bear 84.07 TWDFair Value 114.37 TWDBull 152.35 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 (1.68 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 growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.9%
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.
−4.0%
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.
+4.7%
Start year 2020 (pandemic)
Revenue growth 8 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.
+8.9%
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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.
+12.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.0%
Dividend (yield on the price)2.7%
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.13% → 19%
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).
+15.6%
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 +13.8% a year for the price.
Compare Cystech Electronics Corp with another stock
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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.Electronic Components · 655 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside−24% · Above median
Profitability
Return on equity (TTM)20% · Top 25%
Return on assets11% · Top 25%
Net margin (TTM)16% · Top 25%
Operating margin (TTM)24% · Top 25%
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)2.7% · Top 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Is Cystech Electronics Corp (6651) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 114.37 TWD versus a price of 149.50 TWD, about −24% upside (overvalued).
What is the fair value of 6651?
Our model-based fair value for Cystech Electronics Corp is 114.37 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 149.50 TWD.
What is the quality score of 6651?
Cystech Electronics Corp has a Quality Score of 80/100. 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 Cystech Electronics Corp (6651)?
Our model-based price target is the fair value of 114.37 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 84.07 TWD, optimistic scenario 152.35 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Cystech Electronics Corp stock forecast for 2026?
Our models put fair value at 114.37 TWD, about −24% upside versus a price of 149.50 TWD (overvalued). Cautious scenario 84.07 TWD, optimistic scenario 152.35 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Cystech Electronics Corp (6651)?
Cystech Electronics Corp reported trailing-twelve-month revenue of about 1.5B TWD (latest available figure, as of Sep 24, 2026).
Does Cystech Electronics Corp pay a dividend?
Cystech Electronics Corp currently shows a dividend yield of about 2.68% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Cystech Electronics Corp (6651)?
For today's price to be fair in a discounted-cash-flow model, Cystech Electronics Corp would have to grow free cash flow by +15.6 % per year for five years (discount rate 14.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6651 use?
Our models discount Cystech Electronics Corp at 14.8 %: a base by market capitalisation (micro), damped by beta 1.45, 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 Cystech Electronics Corp that is +15.6 % per year a year over ten years, using the same discount rate (14.8 %) and the same formula as our fair value.
How much growth has Cystech Electronics Corp (6651) delivered so far?
Over the past 5 years revenue at Cystech Electronics Corp grew +4.7 % a year. The price currently implies +15.6 % 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 Cystech Electronics Corp (6651) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Cystech Electronics Corp (+15.6 % 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 Cystech Electronics Corp (6651)?
The free-cash-flow yield on the price is 5.64 %: that much free cash flow Cystech Electronics Corp produces per unit of market value. When it exceeds the discount rate of our models (14.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cystech Electronics Corp (6651)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cystech Electronics Corp it is 114.37 TWD per share (as of Sep 24, 2026), against a price of 149.50 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Cystech Electronics Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6651 trades above its calculated fair value: price 149.50 TWD, fair value 114.37 TWD, a gap of about −24% (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 6651?
No. The price is what the market pays today (149.50 TWD); the fair value is what the company's own numbers justify (114.37 TWD). For Cystech Electronics Corp the two are 35.13 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Cystech Electronics Corp worth?
The market values Cystech Electronics Corp at about 5.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 149.50 TWD; our models calculate a fair value of 114.37 TWD per share.
What do the bullish and bearish scenarios say about 6651?
Our models span a range for Cystech Electronics Corp: cautious scenario 84.07 TWD, base 114.37 TWD, optimistic 152.35 TWD per share (as of Sep 24, 2026, price 149.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6651?
Cystech Electronics Corp trades at a price-to-earnings ratio of 23.8 (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 114.37 TWD is built from several models across several years. Other multiples: P/B 4.1, P/S 3.4, EV/EBITDA 14.8.
How solid is the balance sheet of Cystech Electronics Corp (6651)?
Balance-sheet figures for Cystech Electronics Corp (as of Sep 24, 2026): return on equity 20.0%. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is 6651 from its 52-week high?
Cystech Electronics Corp trades at 149.50 TWD, about 12% below its 52-week high of 169.00 TWD and 116% above the low of 69.30 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 114.37 TWD is for.
Which stocks are comparable to Cystech Electronics Corp?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Cystech Electronics Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 149.50 TWD, calculated fair value 114.37 TWD (−24%), Quality Score 80/100, 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 6651 calculated?
We run Cystech Electronics Corp through 24 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 114.37 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. Cystech Electronics Corp 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 Cystech Electronics Corp (6651)?
The closing price on Sep 24, 2026 was 149.50 TWD. Our model-based fair value is 114.37 TWD, about −24% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cystech Electronics Corp right now?
A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. A fairly wide model range (84.07 TWD to 152.35 TWD) leaves room in how you read the outcome.
Key figures of Cystech Electronics Corp
How large is the market capitalisation of Cystech Electronics Corp (6651)?
The market capitalisation of Cystech Electronics Corp is 5.2B TWD (≈ $163M). 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 Cystech Electronics Corp (6651)?
The price-to-sales ratio of Cystech Electronics Corp is 3.46 (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 Cystech Electronics Corp (6651)?
Earnings per share at Cystech Electronics Corp are 6.29 TWD (price ÷ EPS = P/E 23.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cystech Electronics Corp (6651)?
The dividend yield of Cystech Electronics Corp is 2.7% (payout 63.6%). 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 Cystech Electronics Corp (6651)?
The net margin of Cystech Electronics Corp is 14.5% (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 Cystech Electronics Corp (6651)?
The return on equity (ROE) of Cystech Electronics Corp is 20.0% (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 Cystech Electronics Corp (6651)?
On an EBIT basis the return on assets of Cystech Electronics Corp is 18.2% (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 Cystech Electronics Corp (6651)?
The operating margin of Cystech Electronics Corp is 23.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cystech Electronics Corp (6651)?
Revenue at Cystech Electronics Corp is growing +2.4% versus a year earlier (3y avg −4.0%). 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 Cystech Electronics Corp (6651)?
Earnings per share at Cystech Electronics Corp are growing +23.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Cystech Electronics Corp (6651) carry?
The net debt of Cystech Electronics Corp is 145M TWD (fiscal year 2023, ≈ 0.5 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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