EN DE

Rayzher Industrial Co (7703) Fair Value & Analysis

Industrials · TW · Market cap 6.4B TWD

RI Rayzher Industrial Co 7703 · TWO
Price185.00 TWD
Fair Value183.05 TWD
Upside-1.1%
Quality68/100
Watch Rayzher Industrial Co for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Solidly profitable · 10.5% net margin
Low debt · generates free cash flow
3.84% dividend yield
Ranks above peers (10/14)
Moderate moat 58/100
Evidence: High Range 137.29 TWD – 226.10 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 19 days ago

Share price −8.0% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 137.29 TWD (bear) to 226.10 TWD (bull), base 183.05 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 68/100 (solid quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (3 years)

279.06 TWD 98.33 TWD Fair Value 183.05 TWD Dec 2023 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

32‑month range 98.33 TWD – 279.06 TWD · fair‑value band 137.29 TWD – 226.10 TWD · the 185.00 TWD price screens above the 183.05 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Rayzher Industrial Co (7703) currently trades at 185.00 TWD, while our model-based Fair Value estimate is 183.05 TWD, implying the stock looks roughly 1.1% fairly valued today. The Quality Score stands at 68/100 (solid quality), in the Industrials 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, Rayzher Industrial Co generated revenue of 2.6B TWD at a net margin of 10.5%. Revenue grew 8.0% year over year. It earns a return on equity of 13.9%. The stock trades on a trailing P/E of 23.4. Fundamentals as of Jul 21, 2026

Our scenario range runs from 137.29 TWD (bear case) to 226.10 TWD (bull case); at 185.00 TWD, the current price sits within 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 40% below its 52-week high and 37% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -1%, 7703 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
Growth DCF 160.15 TWD 254.64 TWD 409.37 TWD 80
Residual Income 59.39 TWD 74.47 TWD 176.48 TWD 76
Rev-Margin DCF 136.98 TWD 211.83 TWD 310.48 TWD 74
All 24 models by family
DCF Models
FCF DCF 162.05 TWD 268.16 TWD 450.14 TWD 38
Owner Earnings 150.91 TWD 247.91 TWD 414.24 TWD 31
5Y Revenue Exit 136.98 TWD 213.54 TWD 317.70 TWD 39
5Y EBITDA Exit 147.27 TWD 235.11 TWD 345.91 TWD 41
5Y P/E Exit 160.40 TWD 262.66 TWD 381.10 TWD 38
10Y Revenue Exit 141.32 TWD 216.63 TWD 332.95 TWD 36
10Y EBITDA Exit 151.15 TWD 232.25 TWD 356.43 TWD 37
10Y P/E Exit 159.72 TWD 252.19 TWD 385.73 TWD 35
Earnings-Based
Graham-Dodd 59.27 TWD 292.34 TWD 403.09 TWD 54
Lynch FV 78.71 TWD 112.44 TWD 146.18 TWD 50
PEG = 1.0 78.71 TWD 112.44 TWD 146.18 TWD 46
EPV 109.64 TWD 121.82 TWD 132.33 TWD 59
Multiples
P/E Multiple 137.29 TWD 183.05 TWD 228.81 TWD 63
P/S Multiple 110.71 TWD 147.61 TWD 184.52 TWD 58
P/B Multiple 111.14 TWD 148.18 TWD 185.23 TWD 55
EV/EBIT 169.47 TWD 215.13 TWD 260.79 TWD 53
EV/EBITDA 148.65 TWD 187.37 TWD 226.10 TWD 54
EV/Revenue 125.47 TWD 165.33 TWD 205.18 TWD 43
Asset-Based
NCAV (Graham) 30.83 TWD 41.31 TWD 61.65 TWD 50
Growth DCF
Growth DCF 160.15 TWD 254.64 TWD 409.37 TWD 80
Rev-Margin DCF 136.98 TWD 211.83 TWD 310.48 TWD 74
Economic Profit
Residual Income 59.39 TWD 74.47 TWD 176.48 TWD 76
ROIC Compounder 119.88 TWD 147.17 TWD 180.78 TWD 72
Growth Earnings
Growth-Adj P/E 121.15 TWD 173.07 TWD 224.99 TWD 68

Widest divergence: DCF Models (235.11 TWD) versus Asset-Based (41.31 TWD). Highest evidence: Growth DCF (80).

Notify me when 7703 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 2.6B TWD
Revenue growth (YoY) +8.0%
Net margin 10.5%
Return on equity 13.9%
Free cash flow 359M TWD FY2025
P/E ratio 21.3
More key figures
Operating margin 7.9%
EPS (TTM) 8.69 TWD
Dividend yield 3.8%
EPS growth (YoY) -44.9%

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

Quality Score breakdown

Overall quality 68/100

Of which business quality 70 · Market factors (momentum, volatility) 47

Profitability 55
Margins and returns on capital today
Quality Growth 81
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 65
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

Rayzher Industrial Co., Ltd. engages in the provision of engineering services in Taiwan and China. It offers equipment installation services, such as gas hook up, tool installation, and equipment related engineering services; facility system installation and piping services; facility layout planning and installation services; and MEP and basic water and …

Full company description

Rayzher Industrial Co., Ltd. engages in the provision of engineering services in Taiwan and China. It offers equipment installation services, such as gas hook up, tool installation, and equipment related engineering services; facility system installation and piping services; facility layout planning and installation services; and MEP and basic water and electrical piping services. The company also provides design planning services, including fab pipeline layout design, hook up design, and project management; design, production, and installation of special gas supply equipment; and supply of semiconductor accessory tools, oil-free valve parts, accessories, and equipment-specific consumables. In addition, it is involved in the manufacturing and installation of special gas supply systems; import and export sales of related instruments and materials, spare parts, and other products for semiconductor equipment. The company was founded in 1996 and is headquartered in Zhubei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rayzher Industrial Co reported revenue of 2.6B TWD in FY2025 versus 1.6B TWD in FY2021, a compound +13.3%/yr. Reported net income was 303M TWD in FY2025, compounding +24.7%/yr from FY2021.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.6B TWD
Latest YoY
+31.4%
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.
+3.7%
Revenue +13.3%/yr
FY21 1.6B TWD
FY22 2.3B TWD
FY23 1.8B TWD
FY24 2.0B TWD
FY25 2.6B TWD
Net income +24.7%/yr
FY21 125M TWD
FY22 373M TWD
FY23 244M TWD
FY24 237M TWD
FY25 303M TWD

Watch 7703: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Rayzher Industrial Co Fair Value". https://www.fairvalue-calculator.com/stock/7703

Peer Group

Engineering & Construction · 839 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 68 · Top 25%
Fair Value upside −1% · Above median
Return on equity (TTM) 14% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 8% · Above median
Revenue growth 8% · Above median
Dividend yield (TTM) 3.8% · Top 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 21.3× · Pricier than median
P/B 3.00× · Pricier than 75% of peers
P/S (TTM) 2.47× · Pricier than 75% of peers
P/FCF 0.6× · Cheaper than median
EV/EBITDA 15.0× · Pricier 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 32 · sector 16
FUTURE 40 · sector 17
PAST 56 · sector 26
HEALTH 100 · sector 94
DIVIDEND 77 · sector 33

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

Compare Rayzher Industrial Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Rayzher Industrial Co (7703) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 183.05 TWD versus a price of 185.00 TWD, about −1% (fairly valued).
What is the fair value of 7703?
Our model-based fair value for Rayzher Industrial Co is 183.05 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 185.00 TWD.
What is the quality score of 7703?
Rayzher Industrial Co has a Quality Score of 68/100. 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 Rayzher Industrial Co (7703)?
Rayzher Industrial Co reported trailing-twelve-month revenue of about 2.6B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 7703?
The net profit margin of Rayzher Industrial Co is about 10.5%, meaning it keeps roughly 10.5% of revenue as net income. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Rayzher Industrial Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.