Topoint Technology Co Ltd (8021) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Topoint Technology Co Ltd TWD 63.17, price TWD 480, upside -86.8%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value 63.17 TWD · Strongly overvalued (−87%)
✓Quality 72/100
✓Healthy Growth(revenue 5y +8.2 %/yr)
✓Solidly profitable · 10.4% net margin (TTM)
✓Low debt · generates free cash flow
·0.42% dividend yield
!Mixed vs. peers(8/15)
!Moderate moat55/100
!Evidence only low, so the estimate is less certain
Watch Topoint Technology Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 21.55 TWD – 581.00 TWD · fair‑value band 42.56 TWD – 82.93 TWD · the 480.00 TWD price screens above the 63.17 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
Follow Topoint Technology Co in your weekly email
Every Wednesday you see whether Topoint Technology Co 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.
Topoint Technology Co., Ltd., manufactures and markets micro-drills for printed circuit boards, numerically controlled drilling machines, and peripheral equipment in Taiwan, Mainland China, and internationally. The company offers drill and router bit, as well as slot drills. It also provides mechanical and laser drilling services.
Show more
Topoint Technology Co., Ltd., manufactures and markets micro-drills for printed circuit boards, numerically controlled drilling machines, and peripheral equipment in Taiwan, Mainland China, and internationally. The company offers drill and router bit, as well as slot drills. It also provides mechanical and laser drilling services. In addition, the company engages in international investment and trade; sale of electronic products and electronic components; manufacturing and selling precision equipment and measurement facilities; provision of testing of drill bits and mounting plate blot holes; and offers vacuum coating, cutting tools, and processing metal products. Topoint Technology Co., Ltd. was incorporated in 1996 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Topoint Technology Co Ltd (8021) currently trades at 480.00 TWD, while our model-based Fair Value estimate is 63.17 TWD, implying the stock looks roughly 659.9% overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 69.15 TWD per share, and 0 of the 26 models we run sit above the 480.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 13.90 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 42.56 TWD (bear) to 82.93 TWD (bull), the price of 480.00 TWD sits above 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 72/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Topoint Technology Co Ltd reported revenue of 4.4B TWD in FY2025 versus 3.8B TWD in FY2021, a compound +4.0%/yr. Reported net income was 389M TWD in FY2025, compounding −3.4%/yr from FY2021.
Key figures
Market cap 68.8B TWD (≈ $2.2B) · P/E ratio 176.5 · P/S ratio 15.6 · EPS (TTM) 2.72 TWD · Dividend yield 0.4% · Net margin 8.8% · Return on equity 10.6% · Return on assets (EBIT) 6.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 435% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −24% fair-value upside, at −87%, 8021 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (13.90 TWD to 135.53 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 42.56 TWDFair Value 63.17 TWDBull 82.93 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.5267 TWD per share) are deliberately not added.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 ⓘEvidence = 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.
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.76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+24.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.2%
Start year 2020 (pandemic). Over 10 years: +2.3% a year
Revenue growth 23 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+10.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+7.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.9%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7% vs 2%, picking up
Profit margin 2020 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.17% → 15%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+70.8%
Yearly growth needed for the next five years to justify today's price.
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 +68.1% a year for the price.
Compare Topoint Technology Co Ltd 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.Tools & Accessories · 128 stocks
Beats the industry median on 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−87% · Bottom 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets6% · Top 25%
Net margin (TTM)10% · Above median
Operating margin (TTM)20% · Top 25%
Growth and dividend
Revenue growth51% · Top 25%
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Tools & Accessories median · lower = cheaper
P/E (TTM)176.5× · Priciest 25%
P/B14.27× · Priciest 25%
P/S (TTM)14.15× · Priciest 25%
P/FCF7.8× · Pricier than median
EV/EBITDA57.5× · Priciest 25%
PEG1.15× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 2
FUTURE (revenue growth)100· sector 16
PAST (return on equity)43· sector 28
HEALTH (low debt)99· sector 97
DIVIDEND (yield)8· sector 34
VALUE 0: the price sits above our fair-value range.
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). "Topoint Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8021
Frequently asked questions
Is Topoint Technology Co Ltd (8021) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 63.17 TWD versus a price of 480.00 TWD, about −87% upside (overvalued).
What is the fair value of 8021?
Our model-based fair value for Topoint Technology Co Ltd is 63.17 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 480.00 TWD.
What is the quality score of 8021?
Topoint Technology Co Ltd has a Quality Score of 72/100. 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 Topoint Technology Co Ltd (8021)?
Our model-based price target is the fair value of 63.17 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 42.56 TWD, optimistic scenario 82.93 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Topoint Technology Co Ltd stock forecast for 2026?
Our models put fair value at 63.17 TWD, about −87% upside versus a price of 480.00 TWD (overvalued). Cautious scenario 42.56 TWD, optimistic scenario 82.93 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Topoint Technology Co Ltd (8021)?
Topoint Technology Co Ltd reported trailing-twelve-month revenue of about 4.9B TWD (latest available figure, as of Sep 24, 2026).
Does Topoint Technology Co Ltd pay a dividend?
Topoint Technology Co Ltd currently shows a dividend yield of about 0.42% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Topoint Technology Co Ltd (8021)?
For today's price to be fair in a discounted-cash-flow model, Topoint Technology Co Ltd would have to grow free cash flow by +70.8 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 8021 use?
Our models discount Topoint Technology Co Ltd at 12.6 %: a base by market capitalisation (small), damped by beta 1.29, 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 Topoint Technology Co Ltd that is +70.8 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Topoint Technology Co Ltd (8021) delivered so far?
Over the past 5 years revenue at Topoint Technology Co Ltd grew +8.2 % a year. The price currently implies +70.8 % per year free-cash-flow growth a 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 Topoint Technology Co Ltd (8021) growing?
The median revenue growth in the sector is +8.3 % a year. That is the yardstick for the growth priced into Topoint Technology Co Ltd (+70.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Topoint Technology Co Ltd (8021)?
The free-cash-flow yield on the price is 0.40 %: that much free cash flow Topoint Technology Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Topoint Technology Co Ltd (8021)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Topoint Technology Co Ltd it is 63.17 TWD per share (as of Sep 24, 2026), against a price of 480.00 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Topoint Technology Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 8021 trades above its calculated fair value: price 480.00 TWD, fair value 63.17 TWD, a gap of about −87% (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 8021?
No. The price is what the market pays today (480.00 TWD); the fair value is what the company's own numbers justify (63.17 TWD). For Topoint Technology Co Ltd the two are 416.83 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Topoint Technology Co Ltd worth?
The market values Topoint Technology Co Ltd at about 68.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 480.00 TWD; our models calculate a fair value of 63.17 TWD per share.
What do the bullish and bearish scenarios say about 8021?
Our models span a range for Topoint Technology Co Ltd: cautious scenario 42.56 TWD, base 63.17 TWD, optimistic 82.93 TWD per share (as of Sep 24, 2026, price 480.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8021?
Topoint Technology Co Ltd trades at a price-to-earnings ratio of 176.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 63.17 TWD is built from several models across several years. Other multiples: PEG 1.2, P/B 14.3, P/S 14.2, EV/EBITDA 57.5.
What is the PEG ratio of 8021?
The PEG ratio of Topoint Technology Co Ltd is 1.15 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Topoint Technology Co Ltd (8021)?
Balance-sheet figures for Topoint Technology Co Ltd (as of Sep 24, 2026): return on equity 10.6%, debt of 0.03 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 8021 from its 52-week high?
Topoint Technology Co Ltd trades at 480.00 TWD, about 17% below its 52-week high of 581.00 TWD and 435% above the low of 89.70 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 63.17 TWD is for.
Which stocks are comparable to Topoint Technology Co Ltd?
From the same area (Industrials) we also value Techtronic Industries Company, Snap-on Incorporated, RBC Bearings Incorporated, Lincoln Electric Holdings, 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 Topoint Technology Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 480.00 TWD, calculated fair value 63.17 TWD (−87%), Quality Score 72/100, from 26 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 8021 calculated?
We run Topoint Technology Co Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 63.17 TWD, 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 14.1 % above its aggregate fair value. Topoint Technology Co Ltd 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 Topoint Technology Co Ltd (8021)?
The closing price on Sep 24, 2026 was 480.00 TWD. Our model-based fair value is 63.17 TWD, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Topoint Technology Co Ltd right now?
A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (82.93 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (42.56 TWD to 82.93 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Topoint Technology Co Ltd (8021) come from?
Earnings per share at Topoint Technology Co Ltd grew +0.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.2 %, EBIT margin −1.7 %, tax rate −1.4 %, residual (interest, one-offs) +0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Topoint Technology Co Ltd
How large is the market capitalisation of Topoint Technology Co Ltd (8021)?
The market capitalisation of Topoint Technology Co Ltd is 68.8B TWD (≈ $2.2B). 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 Topoint Technology Co Ltd (8021)?
The price-to-sales ratio of Topoint Technology Co Ltd is 15.6 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Topoint Technology Co Ltd (8021)?
Earnings per share at Topoint Technology Co Ltd are 2.72 TWD (price ÷ EPS = P/E 176.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Topoint Technology Co Ltd (8021)?
The dividend yield of Topoint Technology Co Ltd is 0.4% (payout 73.5%). 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 Topoint Technology Co Ltd (8021)?
The net margin of Topoint Technology Co Ltd is 8.8% (fiscal year 2025). 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 Topoint Technology Co Ltd (8021)?
The return on equity (ROE) of Topoint Technology Co Ltd is 10.6% (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 Topoint Technology Co Ltd (8021)?
On an EBIT basis the return on assets of Topoint Technology Co Ltd is 6.0% (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 Topoint Technology Co Ltd (8021)?
The operating margin of Topoint Technology Co Ltd is 20.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Topoint Technology Co Ltd (8021)?
Revenue at Topoint Technology Co Ltd is growing +51.0% versus a year earlier (3y avg +7.9%). 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 Topoint Technology Co Ltd (8021)?
Earnings per share at Topoint Technology Co Ltd are growing +216% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Topoint Technology Co Ltd (8021) hold?
Topoint Technology Co Ltd holds more cash than debt, 1.1B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Topoint Technology Co Ltd in the live analysis
One click puts Topoint Technology Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
