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Enermax Technology Corporation (8093) Fair Value & Analysis

Technology · TW · Market cap 759M TWD

ET Enermax Technology Corporation 8093 · TWO
Price25.40 TWD
Fair Value41.81 TWD
Upside+64.6%
Quality46/100
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Weak Growth
Loss-making · -36.4% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/10)
Narrow moat 8/100
Evidence: Low Range 27.66 TWD – 52.10 TWD Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from 1.30 TWD to 41.81 TWD (+3,116.2%) since Jul 23, 2026. Share price +25.1% over the past month.

Below-average quality, screening 65% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (27.66 TWD). The market is more pessimistic than our downside scenario.
  • 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 quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (27.66 TWD to 52.10 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

51.17 TWD 0.0010 TWD Fair Value 41.81 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.0010 TWD – 51.17 TWD · fair‑value band 27.66 TWD – 52.10 TWD · the 25.40 TWD price screens below the 41.81 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Enermax Technology Corporation (8093) currently trades at 25.40 TWD, while our model-based Fair Value estimate is 41.81 TWD, implying the stock looks roughly 64.6% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Enermax Technology Corporation generated revenue of 219M TWD at a net margin of -36.4%. Revenue grew 25.5% year over year. It earns a return on equity of -27.3%. Net debt stands at 124M TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 27.66 TWD (bear case) to 52.10 TWD (bull case); at 25.40 TWD, the current price sits below 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 28% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -65% fair-value upside, at 65%, 8093 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
NCAV (Graham) 3.61 TWD 4.84 TWD 7.22 TWD 50
All 1 models by family
Asset-Based
NCAV (Graham) 3.61 TWD 4.84 TWD 7.22 TWD 50

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Key figures & financial health

Revenue (TTM) 219M TWD
Revenue growth (YoY) +25.5%
Net margin -36.4%
Return on equity -27.3%
Free cash flow −58.6M TWD FY2025
Operating margin -26.2%
More key figures
EPS (TTM) -1.32 TWD
Net debt 124M TWD FY2023

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 46 · Market factors (momentum, volatility) 51

Profitability 10
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 40
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

Enermax Technology Corporation manufactures, maintenance, and trades computer hardware and peripheral products in Taiwan, Europe, Asia, and the United States.

Full company description

Enermax Technology Corporation manufactures, maintenance, and trades computer hardware and peripheral products in Taiwan, Europe, Asia, and the United States. The company offers power supplies; cases comprising full, mid, and mini towers; fans; air and liquid CPU coolers; peripherals, such as monitor stands, USB fans, air guides, headset holders, heatsinks, and laptop stands; and audio products, including speakers and earphones. It also trades in bicycles and its peripheral products, and designs computer software systems. Enermax Technology Corporation was founded in 1980 and is headquartered in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Enermax Technology Corporation reported revenue of 207M TWD in FY2025 versus 459M TWD in FY2021, a compound −18.1%/yr. Reported net income was −48.1M TWD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
207M TWD
Latest YoY
−16.3%
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.
−10.2%
Revenue −18.1%/yr
FY21 459M TWD
FY22 285M TWD
FY23 321M TWD
FY24 247M TWD
FY25 207M TWD
Net income
FY21 −53.1M TWD
FY22 298K TWD
FY23 −75.2M TWD
FY24 −173M TWD
FY25 −48.1M TWD

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Cite: Fair Value Calculator (2026). "Enermax Technology Corporation Fair Value". https://www.fairvalue-calculator.com/stock/8093

Peer Group

Computer Hardware · 222 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 46 · Below median
Fair Value upside +65% · Top 25%
Return on assets -12% · Bottom 25%
Net margin (TTM) -36% · Bottom 25%
Operating margin (TTM) -26% · Bottom 25%
Revenue growth 26% · Above median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.11× · 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 100 · sector 0
FUTURE 100 · sector 59
PAST 0 · sector 23
HEALTH 100 · sector 97
DIVIDEND 0 · sector 41

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Dell Technologies Inc DELL $484.50 $187.75 -61%
Arista Networks, Inc ANET $210.50 $57.72 -73%
Western Digital Corporation WDC $454.10 $90.94 -80%
Hygon Information Technology Co 688041 ¥287.66 ¥30.66 -89%
Wiwynn Corporation 6669 6,025 TWD 2,120 TWD -65%
Hangzhou Hikvision Digital Technology Co 002415 ¥36.47 ¥40.44 +11%
Shenzhen Longsys Electronics Co 301308 ¥414.30 ¥91.67 -78%
Lenovo Group 0992 HK$29.04 HK$4.30 -85%
Dawning Information Industry Co 603019 ¥86.42 ¥39.38 -54%
Inspur Electronic Information Industry Co 000977 ¥75.02 ¥44.02 -41%

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Frequently asked questions

Is Enermax Technology Corporation (8093) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 41.81 TWD versus a price of 25.40 TWD, about +65% (undervalued).
What is the fair value of 8093?
Our model-based fair value for Enermax Technology Corporation is 41.81 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 25.40 TWD.
What is the quality score of 8093?
Enermax Technology Corporation has a Quality Score of 46/100. 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 Enermax Technology Corporation (8093)?
Enermax Technology Corporation reported trailing-twelve-month revenue of about 219M TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 8093?
The net profit margin of Enermax Technology Corporation is about -36.4%, 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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