EN DE

Spec Products Corp (7718) Fair Value & Analysis

Industrials · TW · Market cap 2.1B TWD

SP Spec Products Corp 7718 · TWO
Price47.50 TWD
Fair Value50.07 TWD
Upside+5.4%
Quality42/100
Watch Spec Products Corp for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Thin margins · 7.9% net margin
Low debt · negative free cash flow
5.30% dividend yield
Ranks above peers (12/13)
Moderate moat 49/100
Evidence: Medium Range 35.05 TWD – 65.09 TWD Share as image

Fair value as of: Jul 23, 2026

From 14 valuation models · updated 18 days ago

Share price +1.4% over the past month.

Below-average quality, 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.
  • A fairly wide model range (35.05 TWD to 65.09 TWD) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (3 years)

55.78 TWD 38.34 TWD Fair Value 50.07 TWD Feb 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

30‑month range 38.34 TWD – 55.78 TWD · fair‑value band 35.05 TWD – 65.09 TWD · the 47.50 TWD price screens below the 50.07 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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

Analysis

Spec Products Corp (7718) currently trades at 47.50 TWD, while our model-based Fair Value estimate is 50.07 TWD, implying the stock looks roughly 5.4% fairly valued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials 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: medium), always confirm before acting.

Over the trailing twelve months, Spec Products Corp generated revenue of 2.5B TWD at a net margin of 7.9%. Revenue grew 5.9% year over year. It earns a return on equity of 12.0%. Net debt stands at 102M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 35.05 TWD (bear case) to 65.09 TWD (bull case); at 47.50 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 11% below its 52-week high and 21% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at 5%, 7718 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 30.41 TWD 33.90 TWD 48.09 TWD 76
ROIC Compounder 39.51 TWD 45.33 TWD 51.50 TWD 72
Gordon GGM 31.28 TWD 34.09 TWD 38.34 TWD 70
All 14 models by family
Earnings-Based
Graham-Dodd 25.21 TWD 32.77 TWD 37.53 TWD 54
EPV 39.46 TWD 44.29 TWD 48.45 TWD 59
Dividend Discount
Gordon GGM 31.28 TWD 34.09 TWD 38.34 TWD 70
DDM Multi-Stage 31.28 TWD 39.10 TWD 49.47 TWD 61
Multiples
P/E Multiple 58.40 TWD 77.86 TWD 97.33 TWD 63
P/S Multiple 47.27 TWD 63.03 TWD 78.79 TWD 58
P/B Multiple 47.27 TWD 63.03 TWD 78.79 TWD 55
EV/EBIT 63.15 TWD 81.23 TWD 99.31 TWD 53
EV/EBITDA 56.51 TWD 72.38 TWD 88.25 TWD 54
EV/Revenue 47.62 TWD 64.21 TWD 80.80 TWD 43
Asset-Based
NCAV (Graham) 17.02 TWD 22.80 TWD 34.03 TWD 50
Economic Profit
Residual Income 30.41 TWD 33.90 TWD 48.09 TWD 76
ROIC Compounder 39.51 TWD 45.33 TWD 51.50 TWD 72
Growth Earnings
Growth-Adj P/E 41.24 TWD 58.91 TWD 76.58 TWD 68

Widest divergence: Multiples (64.21 TWD) versus Asset-Based (22.80 TWD). Highest evidence: Residual Income (76).

Notify me when 7718 reaches fair value

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

Key figures & financial health

Revenue (TTM) 2.5B TWD
Revenue growth (YoY) +5.9%
Net margin 7.9%
Return on equity 12.0%
Free cash flow −131M TWD FY2025
P/E ratio 12.7
More key figures
Operating margin 11.9%
EPS (TTM) 3.74 TWD
Dividend yield 5.3%
EPS growth (YoY) -2.0%
Net debt 102M TWD FY2023

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 61

Profitability 53
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 23
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

Spec Products Corp. manufactures nuts, screws, bolts, fasteners, washers, and pins for industrial and automotive customers.

Full company description

Spec Products Corp. manufactures nuts, screws, bolts, fasteners, washers, and pins for industrial and automotive customers. It offers ball studs, clinch-studs, comby nuts, re-heading parts, rivet nuts, sems, self-locking nuts, small screws, sleeve bolts, terminal SEMS, tubings spacers, weld nuts, weld nuts by stamping, and weld studs; turning parts; stamping parts; assembly parts; MAThread; nuts for automotive application; aluminum products; stainless and titanium fastener; locking and sealing process; and other products. It serves automotive, industrial, mining, shipping, electronic, construction, and farming industry. Spec Products Corp. was founded in 2001 and is based in Tainan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Spec Products Corp reported revenue of 2.4B TWD in FY2025 versus 2.4B TWD in FY2021, a compound +0.2%/yr. Reported net income was 169M TWD in FY2025, compounding +10.8%/yr from FY2021.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.4B TWD
Latest YoY
+1.4%
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.
−4.9%
Revenue +0.2%/yr
FY21 2.4B TWD
FY22 2.8B TWD
FY23 2.3B TWD
FY24 2.4B TWD
FY25 2.4B TWD
Net income +10.8%/yr
FY21 112M TWD
FY22 274M TWD
FY23 209M TWD
FY24 249M TWD
FY25 169M TWD

Watch 7718: 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). "Spec Products Corp Fair Value". https://www.fairvalue-calculator.com/stock/7718

Peer Group

Tools & Accessories · 119 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 42 · Bottom 25%
Fair Value upside +5% · Above median
Return on equity (TTM) 12% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 5.3% · Top 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Tools & Accessories median · lower = cheaper

P/E (TTM) 12.5× · Cheaper than 75% of peers
P/B 1.37× · Cheaper than median
P/S (TTM) 0.86× · Cheaper than median
EV/EBITDA 6.6× · Cheaper 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 41 · sector 3
FUTURE 30 · sector 14
PAST 48 · sector 28
HEALTH 97 · sector 96
DIVIDEND 100 · sector 36

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 Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Techtronic Industries Company 0669 HK$129.60 HK$81.05 -37%
Snap-on Incorporated SNA $410.99 $350.46 -15%
RBC Bearings Incorporated RBC $595.49 $184.29 -69%
Lincoln Electric Holdings LECO $252.58 $154.80 -39%
Stanley Black & Decker, Inc SWK $88.22 $54.24 -39%
AB SKF (publ) SKFB kr 258.90 kr 192.57 -26%
The Timken Company TKR $139.47 $66.33 -52%
The Toro Company TTC $94.42 $69.71 -26%
SFS Group SFSN CHF 140.00 CHF 118.30 -16%
Hangzhou Greatstar Industrial Co 002444 ¥29.33 ¥35.72 +22%

Compare Spec Products Corp 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 Spec Products Corp (7718) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 50.07 TWD versus a price of 47.50 TWD, about +5% (fairly valued).
What is the fair value of 7718?
Our model-based fair value for Spec Products Corp is 50.07 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 47.50 TWD.
What is the quality score of 7718?
Spec Products Corp has a Quality Score of 42/100. 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 Spec Products Corp (7718)?
Spec Products Corp reported trailing-twelve-month revenue of about 2.5B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 7718?
The net profit margin of Spec Products Corp is about 7.9%, meaning it keeps roughly 7.9% of revenue as net income. Based on the latest reported figures.
Does Spec Products Corp pay a dividend?
Spec Products Corp currently shows a dividend yield of about 5.26% relative to its recent price (as of Jul 23, 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.

14 days Pro free · no card

Track Spec Products Corp 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.