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EIKEI Group (6924) Fair Value & Analysis

Technology · TW · Market cap 2.2B TWD

EG EIKEI Group 6924 · TW
Price109.00 TWD
Fair Value154.34 TWD
Upside+41.6%
Quality65/100
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Mixed Growth
Thin margins · 8.0% net margin
generates free cash flow
4.42% dividend yield
Ranks above peers (11/13)
Moderate moat 63/100
Evidence: High Range 114.61 TWD – 200.97 TWD Share as image

Fair value as of: Jul 21, 2026

From 23 valuation models · updated 20 days ago

Share price −16.2% over the past month.

A solid business, screening 42% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (114.61 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (21 months)

185.67 TWD 45.86 TWD Fair Value 154.34 TWD Nov 2024 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

21‑month range 45.86 TWD – 185.67 TWD · fair‑value band 114.61 TWD – 200.97 TWD · the 109.00 TWD price screens below the 154.34 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

EIKEI Group (6924) currently trades at 109.00 TWD, while our model-based Fair Value estimate is 154.34 TWD, implying the stock looks roughly 41.6% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Technology 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, EIKEI Group generated revenue of 1.7B TWD at a net margin of 8.0%. Revenue grew 6.3% year over year. It earns a return on equity of 26.8%. The stock trades on a trailing P/E of 20.7. Fundamentals as of Jul 21, 2026

Our scenario range runs from 114.61 TWD (bear case) to 200.97 TWD (bull case); at 109.00 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 44% below its 52-week high and 132% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 42%, 6924 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
Residual Income 36.02 TWD 47.75 TWD 182.12 TWD 76
Growth DCF 115.84 TWD 149.61 TWD 193.05 TWD 72
Growth-Adj P/E 87.40 TWD 124.86 TWD 162.32 TWD 68
All 23 models by family
DCF Models
FCF DCF 113.11 TWD 149.09 TWD 197.19 TWD 38
Owner Earnings 81.44 TWD 105.27 TWD 137.12 TWD 31
5Y Revenue Exit 94.39 TWD 126.61 TWD 165.41 TWD 39
5Y EBITDA Exit 116.99 TWD 166.16 TWD 220.12 TWD 41
5Y P/E Exit 120.04 TWD 171.50 TWD 221.79 TWD 38
10Y Revenue Exit 99.05 TWD 128.43 TWD 163.10 TWD 36
10Y EBITDA Exit 114.61 TWD 154.34 TWD 201.51 TWD 37
10Y P/E Exit 116.47 TWD 157.84 TWD 202.68 TWD 35
Earnings-Based
Graham-Dodd 39.04 TWD 82.53 TWD 104.59 TWD 54
PEG = 1.0 12.46 TWD 17.80 TWD 23.14 TWD 46
EPV 73.09 TWD 81.58 TWD 88.90 TWD 59
Multiples
P/E Multiple 120.58 TWD 160.77 TWD 200.97 TWD 63
P/S Multiple 73.21 TWD 97.61 TWD 122.02 TWD 58
P/B Multiple 73.21 TWD 97.61 TWD 122.02 TWD 55
EV/EBIT 154.07 TWD 198.97 TWD 243.88 TWD 53
EV/EBITDA 134.26 TWD 172.56 TWD 210.87 TWD 54
EV/Revenue 87.45 TWD 116.64 TWD 145.83 TWD 43
Asset-Based
NCAV (Graham) 13.96 TWD 18.71 TWD 27.92 TWD 50
Growth DCF
Growth DCF 115.84 TWD 149.61 TWD 193.05 TWD 72
Rev-Margin DCF 94.39 TWD 128.11 TWD 163.74 TWD 67
Economic Profit
Residual Income 36.02 TWD 47.75 TWD 182.12 TWD 76
ROIC Compounder 74.02 TWD 83.71 TWD 92.79 TWD 67
Growth Earnings
Growth-Adj P/E 87.40 TWD 124.86 TWD 162.32 TWD 68

Widest divergence: DCF Models (149.09 TWD) versus Asset-Based (18.71 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.7B TWD
Revenue growth (YoY) +6.3%
Net margin 8.0%
Return on equity 26.8%
Free cash flow 194M TWD FY2025
P/E ratio 20.7
More key figures
Operating margin 12.6%
EPS (TTM) 5.65 TWD
Dividend yield 4.1%
EPS growth (YoY) +72.5%

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

Quality Score breakdown

Overall quality 65/100

Of which business quality 67 · Market factors (momentum, volatility) 56

Profitability 69
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 84
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 79
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

EIKEI Group (Cayman) Co., Ltd. designs, manufactures, and sells printed circuit board (PCB) products in Taiwan and internationally. It offers PCB products for automotive, consumer products, communication network, power unit, industrial products, and medical equipment.

Full company description

EIKEI Group (Cayman) Co., Ltd. designs, manufactures, and sells printed circuit board (PCB) products in Taiwan and internationally. It offers PCB products for automotive, consumer products, communication network, power unit, industrial products, and medical equipment. The company also provides electronic components, such as capacitors, switches, resistors, crystal oscillators, inductors and magnetic beads, RF modules, diodes and transistors, spring antennas, connectors, wire harnesses, integrated ICs; packaging materials, such as cartons, plastic bags, foam packaging materials, wooden pallets, anti-static packaging bags, and plastic trays. In addition, it offers memory and thermal modules, industrial metal casing, embedded system solutions, electric motor solutions, wire harnesses, and wiring assemblies. EIKEI Group (Cayman) Co., Ltd. was founded in 2007 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EIKEI Group reported revenue of 1.7B TWD in FY2025 versus 1.4B TWD in FY2021, a compound +4.2%/yr. Reported net income was 118M TWD in FY2025, compounding +24.9%/yr from FY2021.

Growth Quality 69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.7B TWD
Latest YoY
−3.9%
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.
+5.6%
Revenue +4.2%/yr
FY21 1.4B TWD
FY22 1.4B TWD
FY23 1.4B TWD
FY24 1.8B TWD
FY25 1.7B TWD
Net income +24.9%/yr
FY21 48.7M TWD
FY22 71.8M TWD
FY23 111M TWD
FY24 143M TWD
FY25 118M TWD

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Cite: Fair Value Calculator (2026). "EIKEI Group Fair Value". https://www.fairvalue-calculator.com/stock/6924

Peer Group

Electronic Components · 627 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 65 · Top 25%
Fair Value upside +42% · Top 25%
Return on equity (TTM) 27% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 13% · Top 25%
Revenue growth 6% · Below median
Dividend yield (TTM) 4.4% · Top 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 18.5× · Cheaper than 75% of peers
P/B 3.74× · Pricier than median
P/S (TTM) 1.25× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 9.2× · 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 89 · sector 0
FUTURE 32 · sector 32
PAST 100 · sector 24
HEALTH 0 · sector 95
DIVIDEND 88 · 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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is EIKEI Group (6924) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 154.34 TWD versus a price of 109.00 TWD, about +42% (undervalued).
What is the fair value of 6924?
Our model-based fair value for EIKEI Group is 154.34 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 109.00 TWD.
What is the quality score of 6924?
EIKEI Group has a Quality Score of 65/100. 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 EIKEI Group (6924)?
EIKEI Group reported trailing-twelve-month revenue of about 1.7B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6924?
The net profit margin of EIKEI Group is about 8.0%, meaning it keeps roughly 8.0% of revenue as net income. Based on the latest reported figures.
Does EIKEI Group pay a dividend?
EIKEI Group currently shows a dividend yield of about 4.13% 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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