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Honey Hope Honesty Enterprise Co (8043) Fair Value & Analysis

Technology · TW · Market cap 11.7B TWD

HH Honey Hope Honesty Enterprise Co 8043 · TWO
Price134.50 TWD
Fair Value25.33 TWD
Upside-81.2%
Quality57/100
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Weak Growth
Thin margins · 4.2% net margin
negative free cash flow
0.60% dividend yield
Trails peers (3/12)
Narrow moat 34/100
Evidence: High Range 17.73 TWD – 26.99 TWD Share as image

Fair value as of: Jul 23, 2026

From 15 valuation models · updated 18 days ago

Share price −22.3% over the past month.

A solid business, but screening 81% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (26.99 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

226.50 TWD 20.45 TWD Fair Value 25.33 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 20.45 TWD – 226.50 TWD · fair‑value band 17.73 TWD – 26.99 TWD · the 134.50 TWD price screens above the 25.33 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

Honey Hope Honesty Enterprise Co (8043) currently trades at 134.50 TWD, while our model-based Fair Value estimate is 25.33 TWD, implying the stock looks roughly 81.2% overvalued today. The Quality Score stands at 57/100 (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, Honey Hope Honesty Enterprise Co generated revenue of 6.3B TWD at a net margin of 4.2%. Revenue grew 80.8% year over year. It earns a return on equity of 9.8%. The balance sheet holds a net cash position of 473M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 17.73 TWD (bear case) to 26.99 TWD (bull case); at 134.50 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 38% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -81%, 8043 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 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 26.44 TWD 26.78 TWD 25.53 TWD 76
Gordon GGM 7.35 TWD 8.04 TWD 9.10 TWD 70
Growth-Adj P/E 17.73 TWD 25.33 TWD 32.93 TWD 68
All 15 models by family
DCF Models
Owner Earnings 26.60 TWD 33.51 TWD 46.30 TWD 31
Earnings-Based
Graham-Dodd 11.36 TWD 13.89 TWD 15.62 TWD 54
EPV 15.72 TWD 16.83 TWD 17.81 TWD 59
Dividend Discount
Gordon GGM 7.35 TWD 8.04 TWD 9.10 TWD 70
DDM Multi-Stage 7.35 TWD 9.22 TWD 11.84 TWD 61
Multiples
P/E Multiple 25.06 TWD 33.42 TWD 41.77 TWD 63
P/S Multiple 21.30 TWD 28.40 TWD 35.50 TWD 58
P/B Multiple 21.30 TWD 28.40 TWD 35.50 TWD 55
EV/EBIT 19.57 TWD 23.09 TWD 26.61 TWD 53
EV/EBITDA 19.24 TWD 22.65 TWD 26.06 TWD 54
EV/Revenue 16.13 TWD 19.18 TWD 22.23 TWD 43
Asset-Based
NCAV (Graham) 17.25 TWD 23.12 TWD 34.51 TWD 50
Economic Profit
Residual Income 26.44 TWD 26.78 TWD 25.53 TWD 76
ROIC Compounder 15.72 TWD 16.83 TWD 17.81 TWD 67
Growth Earnings
Growth-Adj P/E 17.73 TWD 25.33 TWD 32.93 TWD 68

Widest divergence: DCF Models (33.51 TWD) versus Dividend Discount (8.04 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 6.3B TWD
Revenue growth (YoY) +80.8%
Net margin 4.2%
Return on equity 9.8%
Free cash flow −510M TWD FY2025
P/E ratio 87.4
More key figures
Operating margin 3.5%
EPS (TTM) 1.67 TWD
Dividend yield 0.6%
EPS growth (YoY) +239%
Net cash 473M TWD FY2023

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 54 · Market factors (momentum, volatility) 72

Profitability 37
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 95
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 82
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

Honey Hope Honesty Enterprise Co.,Ltd, together with its subsidiaries, engages in the sales agency of multilayer ceramic capacitors and inductors in passive components in Taiwan, Asia, and internationally. It provides electronic components, and related products. The company also engages in investment activities.

Full company description

Honey Hope Honesty Enterprise Co.,Ltd, together with its subsidiaries, engages in the sales agency of multilayer ceramic capacitors and inductors in passive components in Taiwan, Asia, and internationally. It provides electronic components, and related products. The company also engages in investment activities. Honey Hope Honesty Enterprise Co.,Ltd was incorporated in 1989 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Honey Hope Honesty Enterprise Co reported revenue of 5.4B TWD in FY2025 versus 6.2B TWD in FY2021, a compound −3.1%/yr. Reported net income was 134M TWD in FY2025, compounding −1.2%/yr from FY2021.

Growth Quality 22/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
5.4B TWD
Latest YoY
+15.7%
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.
−2.5%
Avg. growth/yr (5Y) 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.
−1.2%
Avg. growth/yr (8Y) 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.
+0.9%
Revenue −3.1%/yr
FY21 6.2B TWD
FY22 5.8B TWD
FY23 4.9B TWD
FY24 4.7B TWD
FY25 5.4B TWD
Net income −1.2%/yr
FY21 140M TWD
FY22 151M TWD
FY23 −19.1M TWD
FY24 121M TWD
FY25 134M TWD

8043 screens 81% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Honey Hope Honesty Enterprise Co Fair Value". https://www.fairvalue-calculator.com/stock/8043

Peer Group

Electronic Components · 625 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 57 · Above median
Fair Value upside −81% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 1% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 81% · Top 25%
Dividend yield (TTM) 0.6% · Below median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 87.4× · Pricier than 75% of peers
P/B 4.23× · Pricier than median
P/S (TTM) 1.86× · Pricier than median
EV/EBITDA 99.5× · Pricier 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 0
FUTURE 100 · sector 32
PAST 39 · sector 24
HEALTH 0 · sector 95
DIVIDEND 12 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Honey Hope Honesty Enterprise Co (8043) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 25.33 TWD versus a price of 134.50 TWD, about −81% (overvalued).
What is the fair value of 8043?
Our model-based fair value for Honey Hope Honesty Enterprise Co is 25.33 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 134.50 TWD.
What is the quality score of 8043?
Honey Hope Honesty Enterprise Co has a Quality Score of 57/100. 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 Honey Hope Honesty Enterprise Co (8043)?
Honey Hope Honesty Enterprise Co reported trailing-twelve-month revenue of about 6.3B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 8043?
The net profit margin of Honey Hope Honesty Enterprise Co is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
Does Honey Hope Honesty Enterprise Co pay a dividend?
Honey Hope Honesty Enterprise Co currently shows a dividend yield of about 0.47% 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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