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Forward Electronics Co., Ltd. (8085) Fair Value & Analysis

Technology · TW · Market cap 1.6B TWD

FE Forward Electronics Co., Ltd. 8085 · TWO
Price15.25 TWD
Fair Value6.06 TWD
Upside-60.3%
Quality45/100
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Risks

!Trades 152% ABOVE our fair value of 6.06 TWD
!Weak Growth (revenue 3y −9.7 %/yr)
!Loss-making · -18.8% net margin
!Moderate debt · negative free cash flow
Weak Growth (revenue 3y −9.7 %/yr)
Loss-making · -18.8% net margin
Moderate debt · negative free cash flow
Trails peers (2/10)
Narrow moat 10/100
Evidence: Low Range 4.52 TWD – 9.04 TWD Share as image

Fair value as of: Aug 22, 2026

From 3 valuation models · updated 4 days ago

Share price +34.4% over the past month.

Below-average quality, and trading another 152% above our fair value.

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69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (9.04 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.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (4.52 TWD to 9.04 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

97.60 TWD 11.00 TWD Fair Value 6.06 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range 11.00 TWD – 97.60 TWD · fair‑value band 4.52 TWD – 9.04 TWD · the 15.25 TWD price screens above the 6.06 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

Forward Electronics Co., Ltd. (8085) currently trades at 15.25 TWD, while our model-based Fair Value estimate is 6.06 TWD, implying the stock looks roughly 60.3% overvalued today. The Quality Score stands at 45/100 (below-average 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: low).

Over the trailing twelve months, Forward Electronics Co., Ltd. generated revenue of 676M TWD at a net margin of -18.8%. Revenue grew 11.3% year over year. It earns a return on equity of -9.0%. Net debt stands at 313M TWD. Fundamentals as of Aug 22, 2026

Our scenario range runs from 4.52 TWD (bear case) to 9.04 TWD (bull case); at 15.25 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 and 40% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -66% fair-value upside, at -60%, 8085 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.

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
Gordon GGM 0.7800 TWD 0.8400 TWD 0.9300 TWD 70
DDM Multi-Stage 0.7800 TWD 0.9200 TWD 1.12 TWD 61
NCAV (Graham) 4.52 TWD 6.06 TWD 9.04 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 0.7800 TWD 0.8400 TWD 0.9300 TWD 70
DDM Multi-Stage 0.7800 TWD 0.9200 TWD 1.12 TWD 61
Asset-Based
NCAV (Graham) 4.52 TWD 6.06 TWD 9.04 TWD 50

Widest divergence: Asset-Based (6.06 TWD) versus Dividend Discount (0.8400 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

P/S ratio 2.35 TTM
Net margin -18.8% TTM
Return on equity -9.0% TTM
Return on assets -1.9% TTM
Operating margin -14.1% TTM
EPS (TTM) -1.01 TWD
More key figures
Growth
Revenue (TTM) 676M TWD TTM
Revenue growth (YoY) +11.3% 3y avg -9.7%
Balance sheet & cash flow
Free cash flow −39.5M TWD FY2025
Net debt 313M TWD FY2025

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 42 · Market factors (momentum, volatility) 41

Profitability 2
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 22
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Forward Electronics Co., Ltd. engages in the research, development, manufacture, and sale of TV tuners and precision electronic components in Taiwan. The company offers precision components, such as switches, encoders, potentiometers, and sensors, as well as provides optoelectronics, and OEM/ODM products.

Full company description

Forward Electronics Co., Ltd. engages in the research, development, manufacture, and sale of TV tuners and precision electronic components in Taiwan. The company offers precision components, such as switches, encoders, potentiometers, and sensors, as well as provides optoelectronics, and OEM/ODM products. It also offers LED packaging and lighting applications, backlight modules, digital TV modules, video boxes, variable resistors, Bluetooth mice, headphones, remote controls, card readers, and LCD display modules. It serves optoelectronics, telecommunications, and automotive electronics industries. The company was founded in 1970 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

Forward Electronics Co., Ltd. reported revenue of 658M TWD in FY2025 versus 915M TWD in FY2021, a compound −7.9%/yr. Reported net income was −142M TWD in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
658M TWD
Latest YoY
+10.4%
Avg. revenue 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.
−9.7%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −7.9%/yr
FY21 915M TWD
FY22 894M TWD
FY23 723M TWD
FY24 596M TWD
FY25 658M TWD
Net income
FY21 33.4M TWD
FY22 172M TWD
FY23 −140M TWD
FY24 −120M TWD
FY25 −142M TWD

8085 screens 60% overvalued. Compare with Amphenol Corporation →

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Cite: Fair Value Calculator (2026). "Forward Electronics Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/8085

Peer Group

Electronic Components · 652 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 45 · Below median
Fair Value upside −60% · Below median
Return on assets -2% · Bottom 25%
Net margin (TTM) -19% · Bottom 25%
Operating margin (TTM) -14% · Bottom 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.73× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/S (TTM) 0.07× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE57 · sector 36
PAST0 · sector 24
HEALTH63 · sector 95
DIVIDEND16 · sector 24

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

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $169.96 $97.19 -43%
Corning Incorporated GLW CHF 134.64 CHF 35.18 -74%
Delta Electronics, Inc 2308 1,750 TWD 602.37 TWD -66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 -31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW -88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 -90%
TE Connectivity plc TEL $214.20 $144.42 -33%
Shengyi Technology Co 600183 ¥132.80 ¥36.30 -73%
Flex Ltd FLEX $124.53 $48.10 -61%
Celestica Inc CLS $339.46 $113.54 -67%

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Frequently asked questions

Is Forward Electronics Co., Ltd. (8085) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of 6.06 TWD versus a price of 15.25 TWD, about −60% (overvalued).
What is the fair value of 8085?
Our model-based fair value for Forward Electronics Co., Ltd. is 6.06 TWD (as of Aug 22, 2026), built from audited fundamentals. The current price: 15.25 TWD.
What is the quality score of 8085?
Forward Electronics Co., Ltd. has a Quality Score of 45/100. 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 Forward Electronics Co., Ltd. (8085)?
Forward Electronics Co., Ltd. reported trailing-twelve-month revenue of about 676M TWD (latest available figure, as of Aug 22, 2026).
What is the net profit margin of 8085?
The net profit margin of Forward Electronics Co., Ltd. is about -18.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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