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Wendell Industrial Co (6761) Fair Value & Analysis

Technology · TW · Market cap 5.4B TWD

WI Wendell Industrial Co 6761 · TWO
Price168.00 TWD
Fair Value80.63 TWD
Upside-52.0%
Quality43/100
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Expensive Growth
Solidly profitable · 12.7% net margin
Low debt · generates free cash flow
3.92% dividend yield
Mixed vs. peers (6/14)
Moderate moat 56/100
Evidence: High Range 50.76 TWD – 114.52 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 19 days ago

Share price −7.2% over the past month.

Below-average quality, and screening another 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (114.52 TWD). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (50.76 TWD to 114.52 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

230.00 TWD 40.15 TWD Fair Value 80.63 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 40.15 TWD – 230.00 TWD · fair‑value band 50.76 TWD – 114.52 TWD · the 168.00 TWD price screens above the 80.63 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Wendell Industrial Co (6761) currently trades at 168.00 TWD, while our model-based Fair Value estimate is 80.63 TWD, implying the stock looks roughly 52.0% overvalued today. The Quality Score stands at 43/100 (below-average 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, Wendell Industrial Co generated revenue of 1.9B TWD at a net margin of 12.7%. Revenue declined 15.0% year over year. It earns a return on equity of 14.2%. Net debt stands at 187M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 50.76 TWD (bear case) to 114.52 TWD (bull case); at 168.00 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 30% below its 52-week high and 102% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at -52%, 6761 screens richer 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 26.71 TWD 31.06 TWD 36.70 TWD 80
Residual Income 49.49 TWD 58.82 TWD 100.71 TWD 76
Rev-Margin DCF 65.71 TWD 101.31 TWD 138.52 TWD 74
All 24 models by family
DCF Models
FCF DCF 26.40 TWD 31.08 TWD 37.42 TWD 38
5Y Revenue Exit 65.71 TWD 101.78 TWD 146.86 TWD 39
5Y EBITDA Exit 74.90 TWD 118.03 TWD 166.52 TWD 41
5Y P/E Exit 77.45 TWD 122.53 TWD 167.55 TWD 38
10Y Revenue Exit 48.08 TWD 76.89 TWD 113.47 TWD 36
10Y EBITDA Exit 55.86 TWD 87.59 TWD 127.40 TWD 37
10Y P/E Exit 57.42 TWD 90.56 TWD 128.13 TWD 35
Earnings-Based
Graham-Dodd 48.65 TWD 109.97 TWD 140.76 TWD 54
PEG = 1.0 18.08 TWD 25.83 TWD 33.58 TWD 46
EPV 86.72 TWD 98.08 TWD 107.88 TWD 59
Dividend Discount
Gordon GGM 49.42 TWD 78.89 TWD 111.01 TWD 70
DDM Multi-Stage 49.42 TWD 71.07 TWD 94.29 TWD 61
Multiples
P/E Multiple 107.32 TWD 143.09 TWD 178.86 TWD 63
P/S Multiple 91.22 TWD 121.63 TWD 152.04 TWD 58
P/B Multiple 91.22 TWD 121.63 TWD 152.04 TWD 55
EV/EBIT 133.47 TWD 173.02 TWD 212.57 TWD 53
EV/EBITDA 117.44 TWD 151.65 TWD 185.85 TWD 54
EV/Revenue 94.79 TWD 129.07 TWD 163.35 TWD 43
Asset-Based
NCAV (Graham) 25.76 TWD 34.52 TWD 51.52 TWD 50
Growth DCF
Growth DCF 26.71 TWD 31.06 TWD 36.70 TWD 80
Rev-Margin DCF 65.71 TWD 101.31 TWD 138.52 TWD 74
Economic Profit
Residual Income 49.49 TWD 58.82 TWD 100.71 TWD 76
ROIC Compounder 89.40 TWD 104.96 TWD 121.25 TWD 72
Growth Earnings
Growth-Adj P/E 80.60 TWD 115.14 TWD 149.69 TWD 68

Widest divergence: Multiples (129.07 TWD) versus Growth DCF (31.06 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.9B TWD
Revenue growth (YoY) -15.0%
Net margin 12.7%
Return on equity 14.2%
Free cash flow 40.0M TWD FY2025
P/E ratio 27.6
More key figures
Operating margin 15.1%
EPS (TTM) 7.15 TWD
Dividend yield 3.1%
EPS growth (YoY) -45.6%
Net debt 187M TWD FY2023

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 48 · Market factors (momentum, volatility) 63

Profitability 55
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 14
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 6
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

Wendell Industrial Co., Ltd engages in the import and export trade, and trading in electronic materials business in Taiwan, Mainland China, South Korea, and internationally.

Full company description

Wendell Industrial Co., Ltd engages in the import and export trade, and trading in electronic materials business in Taiwan, Mainland China, South Korea, and internationally. The company offers MOSFET; bridge, rectifiers, schottky, switching, and zener diodes; air wound coil, inductor, LAN transformer, common mode filter, common mode ESD filter, and chip bead; suppressor, GDT " radial and SMD type, power TVS diodes, thyristor, and varistor; and PoE guard, surge pro, and surge LAN transformer. It also offers capacitors, resistors and inductors, and mechanical and electrical materials. In addition, the company provides services, such as turnkey, technical, integrated innovation, customer orientation solutions, layout consultation, and other solutions, as well as testing and certification services for electronic materials. Its products are used in various applications, including mobile phones, desktop computers, notebook computers, tablet computers, digital cameras, navigation systems, surveillance systems, industrial computers, medical equipment, communication equipment, netcom products, wind power generation system, LED lighting system, and others. Wendell Industrial Co., Ltd was founded in 1968 and is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wendell Industrial Co reported revenue of 2.0B TWD in FY2025 versus 1.9B TWD in FY2021, a compound +1.0%/yr. Reported net income was 249M TWD in FY2025, compounding +7.2%/yr from FY2021.

Growth Quality 50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.0B TWD
Latest YoY
−2.3%
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.
+0.9%
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.
+6.2%
Avg. growth/yr (6Y) 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.
+7.3%
Revenue +1.0%/yr
FY21 1.9B TWD
FY22 1.9B TWD
FY23 1.7B TWD
FY24 2.0B TWD
FY25 2.0B TWD
Net income +7.2%/yr
FY21 189M TWD
FY22 193M TWD
FY23 101M TWD
FY24 214M TWD
FY25 249M TWD

6761 screens 52% overvalued. Compare with TD SYNNEX Corporation →

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Cite: Fair Value Calculator (2026). "Wendell Industrial Co Fair Value". https://www.fairvalue-calculator.com/stock/6761

Peer Group

Electronics & Computer Distribution · 151 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 43 · Bottom 25%
Fair Value upside −52% · Bottom 25%
Return on equity (TTM) 14% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth -15% · Bottom 25%
Dividend yield (TTM) 3.9% · Above median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 21.8× · Pricier than median
P/B 3.03× · Pricier than 75% of peers
P/S (TTM) 2.87× · Pricier than 75% of peers
P/FCF 4.2× · Pricier than median
EV/EBITDA 15.2× · Pricier than 75% of peers

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 · sector 14
FUTURE 0 · sector 57
PAST 57 · sector 36
HEALTH 100 · sector 98
DIVIDEND 78 · sector 39

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.

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%

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Frequently asked questions

Is Wendell Industrial Co (6761) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 80.63 TWD versus a price of 168.00 TWD, about −52% (overvalued).
What is the fair value of 6761?
Our model-based fair value for Wendell Industrial Co is 80.63 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 168.00 TWD.
What is the quality score of 6761?
Wendell Industrial Co has a Quality Score of 43/100. 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 Wendell Industrial Co (6761)?
Wendell Industrial Co reported trailing-twelve-month revenue of about 1.9B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6761?
The net profit margin of Wendell Industrial Co is about 12.7%, meaning it keeps roughly 12.7% of revenue as net income. Based on the latest reported figures.
Does Wendell Industrial Co pay a dividend?
Wendell Industrial Co currently shows a dividend yield of about 3.06% relative to its recent price (as of Jul 21, 2026).

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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