APEX Wind Power Equipment Manufacturing (7702) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of APEX Wind Power Equipment Manufacturing stock TWD 18.18, price TWD 21.40, that is 15.0% below the price, quality 58 out of 100. Rating: overvalued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
34‑month range 16.75 TWD – 140.92 TWD · fair‑value band 17.82 TWD – 23.65 TWD · the 21.40 TWD price screens above the 18.18 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Follow APEX Wind Power Equipment Manufacturing in your weekly email
Every Wednesday you see whether APEX Wind Power Equipment Manufacturing is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
APEX Wind Power Equipment Manufacturing manufactures and sells offshore wind power grade steel products in Taiwan. The company offers steel plates, beveled plates, pre-bent plates, cans, sections, and cones.
Show moreShow less
Its products are used in the offshore wind farm, public works, and high-pressure container industrial applications. The company was incorporated in 2009 and is headquartered in New Taipei City, Taiwan.
Stock analysis
APEX Wind Power Equipment Manufacturing (7702) currently trades at 21.40 TWD, while our model-based Fair Value estimate is 18.18 TWD, 15% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of 51.22 TWD per share, and 8 of the 22 models we run sit above the 21.40 TWD price.
Bear case: the Earnings-Based group reads lowest at 5.65 TWD, and 14 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: 17.82 TWD (bear) to 23.65 TWD (bull), the price of 21.40 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 58/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
APEX Wind Power Equipment Manufacturing reported revenue of 1.1B TWD in FY2025 versus 208M TWD in FY2021, a compound +51.5%/yr. Reported net income was 10.7M TWD in FY2025, compounding −43.3%/yr from FY2021.
Key figures
Market cap 1.4B TWD (≈ $43.0M) Micro · P/S ratio 2.78 · EPS (TTM) −0.2700 TWD · Dividend yield 1.4% · Net margin −3.3% · Return on equity −2.4% · Return on assets (EBIT) 5.3% (5-year average) · Operating margin −8.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (medium confidence).
What moves the price
The share trades about 43% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −15%, 7702 screens cheaper than that median.
Fair Value models
Bear17.82 TWDFair Value 18.18 TWDBull23.65 TWD
Price 21.40 TWD · Downside -15.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
Residual Income7.24 TWD7.38 TWD7.75 TWD71
FCF DCF42.43 TWD70.89 TWD161.53 TWD69
Growth DCF39.49 TWD85.46 TWD160.81 TWD69
All 22 models by family
DCF Models
FCF DCF42.43 TWD70.89 TWD161.53 TWD69
Owner Earnings27.96 TWD72.77 TWD166.88 TWD64
5Y Revenue Exit8.89 TWD13.83 TWD23.61 TWD66
5Y EBITDA Exit16.83 TWD29.88 TWD55.29 TWD67
5Y P/E Exit8.34 TWD16.33 TWD25.33 TWD64
10Y Revenue Exit18.74 TWD33.98 TWD38.75 TWD63
10Y EBITDA Exit24.68 TWD51.08 TWD93.06 TWD60
10Y P/E Exit18.48 TWD32.80 TWD51.91 TWD58
Earnings-Based
Graham-Dodd1.10 TWD7.66 TWD10.75 TWD59
Lynch FV3.96 TWD5.65 TWD7.35 TWD57
PEG = 1.03.96 TWD5.65 TWD7.35 TWD53
Dividend Discount
Gordon GGM4.59 TWD9.55 TWD15.16 TWD62
DDM Multi-Stage4.59 TWD8.05 TWD10.03 TWD62
Multiples
P/E Multiple2.54 TWD3.39 TWD4.24 TWD63
P/S Multiple2.06 TWD2.75 TWD3.43 TWD58
P/B Multiple35.96 TWD47.95 TWD59.93 TWD55
EV/EBITDA5.99 TWD10.59 TWD15.18 TWD65
Asset-Based
NCAV (Graham)5.33 TWD7.14 TWD10.66 TWD54
Growth DCF
Growth DCF39.49 TWD85.46 TWD160.81 TWD69
Rev-Margin DCF10.15 TWD16.97 TWD31.78 TWD65
Economic Profit
Residual Income7.24 TWD7.38 TWD7.75 TWD71
Growth Earnings
Growth-Adj P/E5.17 TWD7.39 TWD9.61 TWD63
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
−35.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−36.5%
Dividend (yield on the price)1.4%
Profit margin 2021 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.33% → 2%
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).
−2.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −4.1% a year for the price.
Compare APEX Wind Power Equipment Manufacturing with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Metal Fabrication · 260 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−15.0% · Above median
Profitability
Return on assets0.7% · Below median
Net margin (12 months)−3.3% · Bottom 25%
Operating margin (12 months)−8.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−58.1% · Bottom 25%
Dividend yield (12 months)1.4% · Above median
Balance sheet
Debt / equity0.73× · Highest 25%
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "APEX Wind Power Equipment Manufacturing Fair Value". https://www.fairvalue-calculator.com/stock/7702
Frequently asked questions
Is APEX Wind Power Equipment Manufacturing (7702) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 18.18 TWD versus a price of 21.40 TWD, about 15% lower (overvalued).
What is the fair value of 7702?
Our model-based fair value for APEX Wind Power Equipment Manufacturing is 18.18 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 21.40 TWD.
What is the quality score of 7702?
APEX Wind Power Equipment Manufacturing has a Quality Score of 58/100. 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 APEX Wind Power Equipment Manufacturing (7702)?
Our model-based price target is the fair value of 18.18 TWD (as of Nov 7, 2026) from 22 valuation models. Cautious scenario 17.82 TWD, optimistic scenario 23.65 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the APEX Wind Power Equipment Manufacturing stock forecast for 2026?
Our models put fair value at 18.18 TWD, about 15% lower versus a price of 21.40 TWD (overvalued). Cautious scenario 17.82 TWD, optimistic scenario 23.65 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of APEX Wind Power Equipment Manufacturing (7702)?
APEX Wind Power Equipment Manufacturing reported trailing-twelve-month revenue of about 530M TWD (latest available figure, as of Nov 7, 2026).
Does APEX Wind Power Equipment Manufacturing pay a dividend?
APEX Wind Power Equipment Manufacturing currently shows a dividend yield of 1.40% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of APEX Wind Power Equipment Manufacturing (7702) and when is the ex-dividend date?
APEX Wind Power Equipment Manufacturing pays a dividend of 0.3 TWD per share a year, a dividend yield of 1.4%. The last ex-dividend date was Jun 17, 2026. The payout ratio is 186% of earnings. Free cash flow covers the dividend 8.39 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into APEX Wind Power Equipment Manufacturing (7702)?
For today's price to be fair in a discounted-cash-flow model, APEX Wind Power Equipment Manufacturing would have to grow free cash flow by -2.6 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +51.5 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 7702 use?
Our models discount APEX Wind Power Equipment Manufacturing at 9.0 %: a base by market capitalisation (nano), damped by beta 0.31, 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 APEX Wind Power Equipment Manufacturing that is -2.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has APEX Wind Power Equipment Manufacturing (7702) delivered so far?
Over the past 4 years revenue at APEX Wind Power Equipment Manufacturing grew +51.5 % a year. The price currently implies free-cash-flow growth of -2.6 % per 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 APEX Wind Power Equipment Manufacturing (7702) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into APEX Wind Power Equipment Manufacturing (-2.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of APEX Wind Power Equipment Manufacturing (7702)?
The free-cash-flow yield on the price is 11.75 %: that much free cash flow APEX Wind Power Equipment Manufacturing produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of APEX Wind Power Equipment Manufacturing (7702)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For APEX Wind Power Equipment Manufacturing it is 18.18 TWD per share (as of Nov 7, 2026), against a price of 21.40 TWD. It is the blended result of 22 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is APEX Wind Power Equipment Manufacturing stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 7702 trades above its calculated fair value: price 21.40 TWD, fair value 18.18 TWD, a gap of about −15% (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 7702?
No. The price is what the market pays today (21.40 TWD); the fair value is what the company's own numbers justify (18.18 TWD). For APEX Wind Power Equipment Manufacturing the two are 3.22 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is APEX Wind Power Equipment Manufacturing worth?
The market values APEX Wind Power Equipment Manufacturing at about 1.4B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 21.40 TWD; our models calculate a fair value of 18.18 TWD per share.
What do the bullish and bearish scenarios say about 7702?
Our models span a range for APEX Wind Power Equipment Manufacturing: cautious scenario 17.82 TWD, base 18.18 TWD, optimistic 23.65 TWD per share (as of Nov 7, 2026, price 21.40 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of APEX Wind Power Equipment Manufacturing (7702)?
Balance-sheet figures for APEX Wind Power Equipment Manufacturing (as of Nov 7, 2026): return on equity −2.4%, debt of 0.73 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 7702 from its 52-week high?
APEX Wind Power Equipment Manufacturing trades at 21.40 TWD, about 43% below its 52-week high of 37.35 TWD and 28% above the low of 16.75 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 18.18 TWD is for.
Which stocks are comparable to APEX Wind Power Equipment Manufacturing?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, 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 APEX Wind Power Equipment Manufacturing stock attractive at the current price?
The data as of Nov 7, 2026: price 21.40 TWD, calculated fair value 18.18 TWD (−15%), Quality Score 58/100, from 22 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 7702 calculated?
We run APEX Wind Power Equipment Manufacturing through 22 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 18.18 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. APEX Wind Power Equipment Manufacturing 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 APEX Wind Power Equipment Manufacturing (7702)?
The closing price on Nov 6, 2026 was 21.40 TWD. Our model-based fair value is 18.18 TWD, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with APEX Wind Power Equipment Manufacturing right now?
Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of APEX Wind Power Equipment Manufacturing
How large is the market capitalisation of APEX Wind Power Equipment Manufacturing (7702)?
The market capitalisation of APEX Wind Power Equipment Manufacturing is 1.4B TWD (≈ $43.0M). 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 APEX Wind Power Equipment Manufacturing (7702)?
The price-to-sales ratio of APEX Wind Power Equipment Manufacturing is 2.78 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of APEX Wind Power Equipment Manufacturing (7702)?
Earnings per share at APEX Wind Power Equipment Manufacturing are −0.2700 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of APEX Wind Power Equipment Manufacturing (7702)?
The dividend yield of APEX Wind Power Equipment Manufacturing is 1.4%. 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 APEX Wind Power Equipment Manufacturing (7702)?
The net margin of APEX Wind Power Equipment Manufacturing is −3.3% (last twelve months). 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 APEX Wind Power Equipment Manufacturing (7702)?
The return on equity (ROE) of APEX Wind Power Equipment Manufacturing is −2.4% (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 APEX Wind Power Equipment Manufacturing (7702)?
On an EBIT basis the return on assets of APEX Wind Power Equipment Manufacturing is 5.3% (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 APEX Wind Power Equipment Manufacturing (7702)?
The operating margin of APEX Wind Power Equipment Manufacturing is −8.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at APEX Wind Power Equipment Manufacturing (7702)?
Revenue at APEX Wind Power Equipment Manufacturing is growing −58.1% versus a year earlier (3y avg +76.9%). 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 APEX Wind Power Equipment Manufacturing (7702)?
Earnings per share at APEX Wind Power Equipment Manufacturing are growing +67.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does APEX Wind Power Equipment Manufacturing (7702) carry?
The net debt of APEX Wind Power Equipment Manufacturing is 514M TWD (fiscal year 2025, ≈ 3.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch APEX Wind Power Equipment Manufacturing in the live analysis
One click puts APEX Wind Power Equipment Manufacturing on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 7, 2026