Horng Terng Automation Co (7751) Fair Value & Analysis
Technology · TW · Market cap 30.4B TWD
Fair value as of: Jul 17, 2026
From 26 valuation models · updated 23 days ago
Fair value updated Jul 17, 2026, revised from 367.90 TWD to 494.37 TWD (+34.4%) since Jul 12, 2026. Share price −2.5% over the past month.
A solid business, but screening 64% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (608.19 TWD). The favourable scenario is already priced in.
- Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (2 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
26‑month range 188.41 TWD – 2,715 TWD · fair‑value band 380.55 TWD – 608.19 TWD · the 1,385 TWD price screens above the 494.37 TWD fair value. Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Horng Terng Automation Co (7751) currently trades at 1,385 TWD, while our model-based Fair Value estimate is 494.37 TWD, implying the stock looks roughly 64.3% overvalued today. The Quality Score stands at 62/100 (solid 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, Horng Terng Automation Co generated revenue of 2.1B TWD at a net margin of 28.7%. Revenue grew 73.2% year over year. It earns a return on equity of 37.8%. The balance sheet holds a net cash position of 1.1B TWD. Fundamentals as of Jul 17, 2026
Our scenario range runs from 380.55 TWD (bear case) to 608.19 TWD (bull case); at 1,385 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 51% below its 52-week high and 323% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -64%, 7751 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.
All 26 models by family
Widest divergence: Growth Earnings (735.19 TWD) versus Asset-Based (61.51 TWD). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 54
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
Horng Terng Automation Co., Ltd. engages in the research and development, manufacturing, and sales of semiconductor automation equipment.
Full company description
Horng Terng Automation Co., Ltd. engages in the research and development, manufacturing, and sales of semiconductor automation equipment. The company offers advanced indium processing and heatsink solution machine, high-pressure dispensing and lid attach machine, advanced flux jetting indium attach machine, film tim attach machine, substrate flux jetting, and product exchanged machine; inspection machine; open and short testing solutions; and upper and lower covers and wiring system, die bond automated, heatsink pick and flip and inspection machine, and chip-on-wafer automated inline equipment. Horng Terng Automation Co., Ltd. was founded in 1994 and is based in Kaohsiung, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Horng Terng Automation Co reported revenue of 1.9B TWD in FY2025 versus 1.2B TWD in FY2021, a compound +11.9%/yr. Reported net income was 519M TWD in FY2025, compounding +18.6%/yr from FY2021.
7751 screens 64% overvalued. Compare with ASML Holding →
Peer Group
Semiconductor Equipment & Materials · 211 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.
Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper
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: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASML Holding ASML | C$50.50 | C$15.57 | -69% |
| Applied Materials, Inc AMAT | $579.43 | $143.08 | -75% |
| Lam Research Corporation LRCX | $346.10 | $67.57 | -80% |
| KLA Corporation KLAC | $212.75 | $53.01 | -75% |
| NAURA Technology Group 002371 | ¥774.20 | ¥151.43 | -80% |
| Advanced Micro-Fabrication Equipment Inc 688012 | ¥350.69 | ¥41.79 | -88% |
| Piotech Inc 688072 | ¥832.00 | ¥431.44 | -48% |
| Hon. Precision, Inc 7769 | 6,005 TWD | 1,804 TWD | -70% |
| Hangzhou Changchuan Technology Co 300604 | ¥325.24 | ¥33.33 | -90% |
| MPI Corporation 6223 | 5,600 TWD | 609.44 TWD | -89% |
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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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