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Topoint Technology Co (8021) Fair Value & Analysis

Industrials · TW · Market cap 59.2B TWD

TT Topoint Technology Co 8021 · TW
Price395.00 TWD
Fair Value53.68 TWD
Upside-86.4%
Quality72/100
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Healthy Growth
Solidly profitable · 10.4% net margin
Low debt · generates free cash flow
0.48% dividend yield
Mixed vs. peers (8/15)
Moderate moat 55/100
Evidence: Medium Range 40.26 TWD – 67.11 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 17 days ago

Share price −23.7% over the past month.

A solid business, but screening 86% overvalued on our models.

What matters 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 (67.11 TWD). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

581.00 TWD 21.55 TWD Fair Value 53.68 TWD Mar 2021 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

60‑month range 21.55 TWD – 581.00 TWD · fair‑value band 40.26 TWD – 67.11 TWD · the 395.00 TWD price screens above the 53.68 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Topoint Technology Co (8021) currently trades at 395.00 TWD, while our model-based Fair Value estimate is 53.68 TWD, implying the stock looks roughly 86.4% overvalued today. The Quality Score stands at 72/100 (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: medium).

Over the trailing twelve months, Topoint Technology Co generated revenue of 4.9B TWD at a net margin of 10.4%. Revenue grew 51.0% year over year. It earns a return on equity of 10.6%. The balance sheet holds a net cash position of 1.1B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 40.26 TWD (bear case) to 67.11 TWD (bull case); at 395.00 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 37% below its 52-week high, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at -86%, 8021 screens richer 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 BearBaseBull Evidence
Highest evidence
Growth DCF 33.51 TWD 43.76 TWD 58.31 TWD 80
Residual Income 27.83 TWD 29.91 TWD 34.35 TWD 76
Rev-Margin DCF 43.97 TWD 65.73 TWD 90.25 TWD 74
All 26 models by family
DCF Models
FCF DCF 33.09 TWD 44.56 TWD 61.82 TWD 38
Owner Earnings 38.04 TWD 52.15 TWD 73.39 TWD 31
5Y Revenue Exit 43.97 TWD 65.98 TWD 94.15 TWD 39
5Y EBITDA Exit 57.76 TWD 91.50 TWD 130.84 TWD 41
5Y P/E Exit 42.29 TWD 62.86 TWD 84.27 TWD 38
10Y Revenue Exit 38.58 TWD 57.70 TWD 83.41 TWD 36
10Y EBITDA Exit 48.55 TWD 75.32 TWD 111.15 TWD 37
10Y P/E Exit 38.73 TWD 55.55 TWD 75.94 TWD 35
Earnings-Based
Graham-Dodd 18.25 TWD 53.91 TWD 71.31 TWD 54
Lynch FV 11.31 TWD 16.16 TWD 21.01 TWD 50
PEG = 1.0 11.31 TWD 16.16 TWD 21.01 TWD 46
EPV 40.15 TWD 44.92 TWD 49.09 TWD 59
Dividend Discount
Gordon GGM 10.80 TWD 22.46 TWD 35.63 TWD 70
DDM Multi-Stage 10.80 TWD 17.46 TWD 23.57 TWD 61
Multiples
P/E Multiple 40.26 TWD 53.68 TWD 67.11 TWD 63
P/S Multiple 34.22 TWD 45.63 TWD 57.04 TWD 58
P/B Multiple 34.22 TWD 45.63 TWD 57.04 TWD 55
EV/EBIT 71.36 TWD 91.30 TWD 111.23 TWD 53
EV/EBITDA 78.71 TWD 101.10 TWD 123.48 TWD 54
EV/Revenue 51.87 TWD 69.15 TWD 86.43 TWD 43
Asset-Based
NCAV (Graham) 16.62 TWD 22.27 TWD 33.24 TWD 50
Growth DCF
Growth DCF 33.51 TWD 43.76 TWD 58.31 TWD 80
Rev-Margin DCF 43.97 TWD 65.73 TWD 90.25 TWD 74
Economic Profit
Residual Income 27.83 TWD 29.91 TWD 34.35 TWD 76
ROIC Compounder 41.53 TWD 49.49 TWD 59.11 TWD 72
Growth Earnings
Growth-Adj P/E 32.87 TWD 46.95 TWD 61.04 TWD 68

Widest divergence: DCF Models (57.70 TWD) versus Earnings-Based (16.16 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 4.9B TWD
Revenue growth (YoY) +51.0%
Net margin 10.4%
Return on equity 10.6%
Free cash flow 279M TWD FY2025
P/E ratio 192.6
More key figures
Operating margin 20.1%
EPS (TTM) 2.71 TWD
Dividend yield 0.4%
EPS growth (YoY) +217%
Net cash 1.1B TWD FY2025

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

Quality Score breakdown

Overall quality 72/100

Of which business quality 69 · Market factors (momentum, volatility) 62

Profitability 38
Margins and returns on capital today
Quality Growth 84
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 20
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 87
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Topoint Technology Co 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.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.4B TWD
Latest YoY
+24.5%
Avg. growth/yr (3Y)
+7.9%
Avg. growth/yr (5Y)
+8.2%
Avg. growth/yr (23Y)
+10.2%
Revenue +4.0%/yr
FY21 3.8B TWD
FY22 3.5B TWD
FY23 2.7B TWD
FY24 3.5B TWD
FY25 4.4B TWD
Net income −3.4%/yr
FY21 447M TWD
FY22 332M TWD
FY23 −36.0M TWD
FY24 206M TWD
FY25 389M TWD

8021 screens 86% overvalued. Compare with Techtronic Industries Company →

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Cite: Fair Value Calculator (2026). "Topoint Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/8021

Peer Group

Tools & Accessories · 120 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 72 · Top 25%
Fair Value upside −86% · Bottom 25%
Return on equity (TTM) 11% · Above median
Return on assets 6% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 20% · Top 25%
Revenue growth 51% · Top 25%
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Tools & Accessories median · lower = cheaper

P/E (TTM) 150.0× · Pricier than 75% of peers
P/B 12.27× · Pricier than 75% of peers
P/S (TTM) 12.17× · Pricier than 75% of peers
P/FCF 6.6× · Pricier than median
EV/EBITDA 49.3× · Pricier than 75% of peers
PEG 1.15× · 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 0 · sector 3
FUTURE 100 · sector 14
PAST 43 · sector 28
HEALTH 99 · sector 96
DIVIDEND 10 · sector 36

VALUE 0: the price sits above our fair-value range.

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%

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Frequently asked questions

Is Topoint Technology Co (8021) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 53.68 TWD versus a price of 395.00 TWD, about −86% (overvalued).
What is the fair value of 8021?
Our model-based fair value for Topoint Technology Co is 53.68 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 395.00 TWD.
What is the quality score of 8021?
Topoint Technology Co 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 revenue of Topoint Technology Co (8021)?
Topoint Technology Co reported trailing-twelve-month revenue of about 4.9B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 8021?
The net profit margin of Topoint Technology Co is about 10.4%, meaning it keeps roughly 10.4% of revenue as net income. Based on the latest reported figures.
Does Topoint Technology Co pay a dividend?
Topoint Technology Co currently shows a dividend yield of about 0.35% 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.

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