Koryo Electronics Co Ltd (8032) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Koryo Electronics Co Ltd stock TWD 49.05, price TWD 33.60, upside +46.0%, quality 67 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range 20.91 TWD – 88.80 TWD · fair‑value band 34.90 TWD – 63.76 TWD · the 33.60 TWD price screens below the 49.05 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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Koryo Electronics Co., Ltd. produce and distributes semiconductor component.
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The company offers LoRa and WiFi modules, wireless communications, SiC SBD 650V, SiC DMOS 650, security library, USB3.0 host controller ICs, proprietary Video capture controller, power, amplifier, temperature sensor, photo couple, audio repeater, eARC/ARC receiver, HDMI splitter, switch, and matrix, Type-C converter, panel interface converter, SiC MOSFER, Sic schottky diode, sic schottky diode, power mosfets, ASIC, driver IC, MCU, IPM, photomultipliers, photodiodes, infrared detectors, image sensors, light sources, X-ray detectors, X-ray sources, power inductor, ESD EMI Filter, and Chip Varistor.
It also provides IGBT driver, DC/DC converter, MFT, transistor, diode IC, Low and high voltage DC/DC converter, driver safety electrification & automation, radar, ultrasound, vision, sensor fusion, USB PD / USB Hub, Apple CarPlay / android auto, wireless charging, lighting, small motor control, battery and charge control, battery management, integrated power controllers, power management, secure microcontrollers, small motor control, motor driver, cooling fan, flash, SRAM, DRAM and mobile DRAM, LCD, touch panel, HUD, dead reckoning, smart antenna solution, mouse receiver, high-precision module, timing module, mini card, USB dongle, drone solution, LED driver ic, touch sensor, power management, interface, power modules, high power and frequency devices, optical devices, and infrared sensors.
In addition, the company offers bluetooth, GPS antenna, cellular IoT solutions, circuit protection, smart sensing, signal integrity, wireless RF, broadcast video, professional AV, LED driver, Camera processor/ISP, DC-DC converters, voltage regulator and detector, push button controllers, load switches, charge pump, transistor, microcontrollers, automotive devices, modulator, video-audio extension, and USB extension.
Koryo Electronics Co., Ltd. was founded in 1987 and is based in New Taipei City, Taiwan.
Stock analysis
Koryo Electronics Co Ltd (8032) currently trades at 33.60 TWD, while our model-based Fair Value estimate is 49.05 TWD, implying the stock looks roughly 31.5% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 58.87 TWD per share, and 18 of the 25 models we run sit above the 33.60 TWD price.
Bear case: the Dividend Discount group reads lowest at 11.16 TWD, and 7 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 34.90 TWD (bear) to 63.76 TWD (bull), the price of 33.60 TWD sits below 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 67/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Koryo Electronics Co Ltd reported revenue of 3.6B TWD in FY2025 versus 3.8B TWD in FY2021, a compound −1.3%/yr. Reported net income was 113M TWD in FY2025, compounding −6.9%/yr from FY2021.
Key figures
Market cap 1.7B TWD (≈ $53.5M) Micro · P/E ratio 9.7 · P/S ratio 0.40 · EPS (TTM) 3.48 TWD · Dividend yield 3.6% · Net margin 4.2% · Return on equity 8.5% · Return on assets (EBIT) 4.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
The share trades about 30% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −4% fair-value upside, at 46%, 8032 screens cheaper than that median.
Fair Value models
Bear34.90 TWDFair Value 49.05 TWDBull63.76 TWD
Price 33.60 TWD · Upside +46.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.91 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+25.8%
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.
−3.9%
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.
+4.1%
Start year 2020 (pandemic)
Revenue growth 8 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.
−1.7%
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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.
+11.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.9%
Dividend (yield on the price)3.6%
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.3% → 4%
⚠ Revenue per share shrinking 3.9%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+4.1%
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 +2.5% a year for the price.
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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.Computer Hardware · 213 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+46.0% · Top 25%
Profitability
Return on equity (12 months)8.5% · Above median
Return on assets3.3% · Below median
Net margin (12 months)4.2% · Above median
Operating margin (12 months)4.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)44.7% · Top 25%
Dividend yield (12 months)3.6% · Above median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
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). "Koryo Electronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8032.TWO
Frequently asked questions
Is Koryo Electronics Co Ltd (8032) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of 49.05 TWD versus a price of 33.60 TWD, about +46% upside (undervalued).
What is the fair value of 8032?
Our model-based fair value for Koryo Electronics Co Ltd is 49.05 TWD (as of Nov 2, 2026), built from audited fundamentals. The current price: 33.60 TWD.
What is the quality score of 8032?
Koryo Electronics Co Ltd has a Quality Score of 67/100. 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 Koryo Electronics Co Ltd (8032)?
Our model-based price target is the fair value of 49.05 TWD (as of Nov 2, 2026) from 25 valuation models. Cautious scenario 34.90 TWD, optimistic scenario 63.76 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Koryo Electronics Co Ltd stock forecast for 2026?
Our models put fair value at 49.05 TWD, about +46% upside versus a price of 33.60 TWD (undervalued). Cautious scenario 34.90 TWD, optimistic scenario 63.76 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Koryo Electronics Co Ltd (8032)?
Koryo Electronics Co Ltd reported trailing-twelve-month revenue of about 4.4B TWD (latest available figure, as of Nov 2, 2026).
Does Koryo Electronics Co Ltd pay a dividend?
Koryo Electronics Co Ltd currently shows a dividend yield of 3.57% relative to its recent price (as of Nov 2, 2026).
What growth is priced into Koryo Electronics Co Ltd (8032)?
For today's price to be fair in a discounted-cash-flow model, Koryo Electronics Co Ltd would have to grow free cash flow by +4.1 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.1 % per year. As of Nov 2, 2026.
What discount rate (WACC) does the fair value of 8032 use?
Our models discount Koryo Electronics Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.43, 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 Koryo Electronics Co Ltd that is +4.1 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Koryo Electronics Co Ltd (8032) delivered so far?
Over the past 5 years revenue at Koryo Electronics Co Ltd grew +4.1 % a year. The price currently implies +4.1 % 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 Koryo Electronics Co Ltd (8032) growing?
The median revenue growth in the sector is +11.0 % a year. That is the yardstick for the growth priced into Koryo Electronics Co Ltd (+4.1 % 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 Koryo Electronics Co Ltd (8032)?
The free-cash-flow yield on the price is 7.95 %: that much free cash flow Koryo Electronics Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Koryo Electronics Co Ltd (8032)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Koryo Electronics Co Ltd it is 49.05 TWD per share (as of Nov 2, 2026), against a price of 33.60 TWD. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Koryo Electronics Co Ltd stock overvalued or undervalued in 2026?
As of Nov 2, 2026, 8032 trades below its calculated fair value: price 33.60 TWD, fair value 49.05 TWD, a gap of about +46% (undervalued). 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 8032?
No. The price is what the market pays today (33.60 TWD); the fair value is what the company's own numbers justify (49.05 TWD). For Koryo Electronics Co Ltd the two are 15.45 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Koryo Electronics Co Ltd worth?
The market values Koryo Electronics Co Ltd at about 1.7B TWD (market capitalisation, as of Nov 2, 2026). Per share that is 33.60 TWD; our models calculate a fair value of 49.05 TWD per share.
What do the bullish and bearish scenarios say about 8032?
Our models span a range for Koryo Electronics Co Ltd: cautious scenario 34.90 TWD, base 49.05 TWD, optimistic 63.76 TWD per share (as of Nov 2, 2026, price 33.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8032?
Koryo Electronics Co Ltd trades at a price-to-earnings ratio of 9.7 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 49.05 TWD is built from several models across several years. Other multiples: P/B 0.8, P/S 0.4, EV/EBITDA 7.0.
How solid is the balance sheet of Koryo Electronics Co Ltd (8032)?
Balance-sheet figures for Koryo Electronics Co Ltd (as of Nov 2, 2026): return on equity 8.5%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 8032 from its 52-week high?
Koryo Electronics Co Ltd trades at 33.60 TWD, about 30% below its 52-week high of 47.90 TWD and 1% above the low of 33.30 TWD (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 49.05 TWD is for.
Which stocks are comparable to Koryo Electronics Co Ltd?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, Seagate Technology 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 Koryo Electronics Co Ltd stock attractive at the current price?
The data as of Nov 2, 2026: price 33.60 TWD, calculated fair value 49.05 TWD (+46%), Quality Score 67/100, from 25 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 8032 calculated?
We run Koryo Electronics Co Ltd through 25 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 49.05 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 14.9 % above its aggregate fair value. Koryo Electronics Co Ltd currently trades 31 % below its own fair value, and the market average says nothing about that. 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 Koryo Electronics Co Ltd (8032)?
The closing price on Oct 30, 2026 was 33.60 TWD. Our model-based fair value is 49.05 TWD, about +46% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Koryo Electronics Co Ltd right now?
The price is below even our cautious bear case (34.90 TWD). The market is more pessimistic than our downside scenario. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (34.90 TWD to 63.76 TWD) leaves room in how you read the outcome.
Key figures of Koryo Electronics Co Ltd
How large is the market capitalisation of Koryo Electronics Co Ltd (8032)?
The market capitalisation of Koryo Electronics Co Ltd is 1.7B TWD (≈ $53.5M). 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 Koryo Electronics Co Ltd (8032)?
The price-to-sales ratio of Koryo Electronics Co Ltd is 0.40 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Koryo Electronics Co Ltd (8032)?
Earnings per share at Koryo Electronics Co Ltd are 3.48 TWD (price ÷ EPS = P/E 9.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Koryo Electronics Co Ltd (8032)?
The dividend yield of Koryo Electronics Co Ltd is 3.6% (payout 34.5%). 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 Koryo Electronics Co Ltd (8032)?
The net margin of Koryo Electronics Co Ltd is 4.2% (last twelve months). 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 Koryo Electronics Co Ltd (8032)?
The return on equity (ROE) of Koryo Electronics Co Ltd is 8.5% (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 Koryo Electronics Co Ltd (8032)?
On an EBIT basis the return on assets of Koryo Electronics Co Ltd is 4.8% (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 Koryo Electronics Co Ltd (8032)?
The operating margin of Koryo Electronics Co Ltd is 4.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Koryo Electronics Co Ltd (8032)?
Revenue at Koryo Electronics Co Ltd is growing +44.7% versus a year earlier (3y avg −3.9%). 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 Koryo Electronics Co Ltd (8032)?
Earnings per share at Koryo Electronics Co Ltd are growing +93.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Koryo Electronics Co Ltd (8032) carry?
The net debt of Koryo Electronics Co Ltd is 701K TWD (fiscal year 2024, ≈ 0.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 2, 2026