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Dynamic Precision Industry (8928) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Dynamic Precision Industry TWD 24.08, price TWD 23.30, upside +3.4%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Consumer Cyclical · TW · ISIN TW0008928003

DP Thin data Sep 24, 2026

Dynamic Precision Industry

8928 · TWO

Low PriorityFair Value upside is limited and quality is weak.

·Fair value 24.08 TWD · Fairly valued (+3%)
!Quality 49/100
!Expensive Growth (revenue 5y +8.9 %/yr)
!Thin margins · 0.9% net margin (TTM)
!Moderate debt · negative free cash flow
·3.43% dividend yield
!Trails peers (4/13)
!Narrow moat 25/100
!Evidence only low, so the estimate is less certain
!Weak on past: 11 out of 100

What runs behind every stock

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

Price vs Fair Value

41.13 TWD 20.65 TWD Fair Value 24.08 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 20.65 TWD – 41.13 TWD · fair‑value band 17.39 TWD – 30.10 TWD · the 23.30 TWD price screens below the 24.08 TWD fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Dynamic Precision Industry Corporation manufactures and sells golf equipment worldwide. The company offers wood row golf, iron golf, putter golf, and fairway golf equipment. It also provides golf hardware casting equipment. The company was formerly known as DYNAMIC Precision Industry Manufacturing Company, Ltd.

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Dynamic Precision Industry Corporation manufactures and sells golf equipment worldwide. The company offers wood row golf, iron golf, putter golf, and fairway golf equipment. It also provides golf hardware casting equipment. The company was formerly known as DYNAMIC Precision Industry Manufacturing Company, Ltd. and changed its name to Dynamic Precision Industry Corporation in January 2000. Dynamic Precision Industry Corporation was founded in 1973 and is based in Kaohsiung, Taiwan.

Stock analysis

Dynamic Precision Industry (8928) currently trades at 23.30 TWD, while our model-based Fair Value estimate is 24.08 TWD, implying the stock looks roughly 3.2% fairly valued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 26.24 TWD per share, and 9 of the 16 models we run sit above the 23.30 TWD price.

Bear case: the Earnings-Based group reads lowest at 7.27 TWD, and 7 of the 16 models stay below the price. Evidence for this calculation is low.

Scenario range: 17.39 TWD (bear) to 30.10 TWD (bull), the price of 23.30 TWD sits inside 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 49/100 (below-average quality), in the Consumer Cyclical sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Dynamic Precision Industry reported revenue of 3.4B TWD in FY2025 versus 3.1B TWD in FY2021, a compound +2.6%/yr. Reported net income was 72.0M TWD in FY2025, compounding −25.9%/yr from FY2021.

Key figures

Market cap 1.2B TWD (≈ $37.2M) · P/E ratio 16.5 · P/S ratio 0.35 · EPS (TTM) 1.41 TWD · Dividend yield 3.4% · Net margin 2.1% · Return on equity 2.7% · Return on assets (EBIT) 5.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).

What moves the price

The share trades about 16% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at 38% fair-value upside, at 3%, 8928 screens richer than that median.

Fair Value models

Bear 17.39 TWD Fair Value 24.08 TWD Bull 30.10 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.4479 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. Evidence ⓘEvidence = 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.
Highest evidence
Residual Income 17.13 TWD 17.94 TWD 18.55 TWD 76
EPV 12.11 TWD 15.24 TWD 17.94 TWD 74
ROIC Compounder 12.11 TWD 15.24 TWD 17.94 TWD 72
All 16 models by family
Earnings-Based
Graham-Dodd 9.63 TWD 25.99 TWD 34.03 TWD 65
Lynch FV 5.09 TWD 7.27 TWD 9.45 TWD 61
PEG = 1.0 5.09 TWD 7.27 TWD 9.45 TWD 57
EPV 12.11 TWD 15.24 TWD 17.94 TWD 74
Dividend Discount
Gordon GGM 14.93 TWD 29.75 TWD 45.05 TWD 67
DDM Multi-Stage 14.93 TWD 22.87 TWD 30.97 TWD 66
Multiples
P/E Multiple 23.37 TWD 31.17 TWD 38.96 TWD 63
P/S Multiple 18.06 TWD 24.08 TWD 30.10 TWD 58
P/B Multiple 18.06 TWD 24.08 TWD 30.10 TWD 55
EV/EBIT 24.99 TWD 35.89 TWD 46.79 TWD 65
EV/EBITDA 33.75 TWD 47.56 TWD 61.38 TWD 67
EV/Revenue 14.34 TWD 23.78 TWD 33.23 TWD 52
Asset-Based
NCAV (Graham) 10.73 TWD 14.38 TWD 21.46 TWD 54
Economic Profit
Residual Income 17.13 TWD 17.94 TWD 18.55 TWD 76
ROIC Compounder 12.11 TWD 15.24 TWD 17.94 TWD 72
Growth Earnings
Growth-Adj P/E 18.36 TWD 26.24 TWD 34.11 TWD 67

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Quality Score breakdown

Overall quality 49/100

Of which business quality 47 · Market factors (momentum, volatility) 54

Profitability 34
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 83
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.0%
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.
+0.2%
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.
+8.9%
Start year 2020 (pandemic). Over 10 years: +5.4% a year
Revenue growth 23 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%
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.
−12.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.5%
Dividend (yield on the price)3.4%
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.8% → 4%

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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.Leisure · 189 stocks

Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 49 · Below median
Fair Value upside +5% · Below median
Profitability
Return on equity (TTM) 3% · Below median
Return on assets 0% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 0% · Below median
Growth and dividend
Revenue growth −27% · Bottom 25%
Dividend yield (TTM) 3.4% · Above median
Balance sheet
Debt / equity 0.54× · Highest 25%

Valuation Multiplesvs Leisure median · lower = cheaper

P/E (TTM) 16.5× · Cheaper than median
P/B 1.07× · Cheaper than median
P/S (TTM) 0.37× · Cheaper than median
EV/EBITDA 12.6× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)38 · sector 41
FUTURE (revenue growth)0 · sector 14
PAST (return on equity)11 · sector 19
HEALTH (low debt)73 · sector 94
DIVIDEND (yield)69 · sector 57

Context: sector, industry, market

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 Leisure stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$71.80 HK$166.82 +132%
Pop Mart International Group 9992 HK$153.50 HK$211.79 +38%
Amer Sports, Inc AS $27.65 $19.17 −31%
Hasbro, Inc HAS $86.52 $85.71 −1%
Life Time Group LTH $38.19 $15.61 −59%
Acushnet Holdings GOLF $83.20 $42.95 −48%
Ninebot Limited 689009 ¥37.48 ¥108.20 +189%
Li Ning Company 2331 HK$12.38 HK$29.57 +139%
Benefit Systems S.A BFT 5,070 PLN 5,577 PLN +10%
Mattel, Inc MAT $13.21 $21.24 +61%

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Cite: Fair Value Calculator (2026). "Dynamic Precision Industry Fair Value". https://www.fairvalue-calculator.com/stock/8928

Frequently asked questions

Is Dynamic Precision Industry (8928) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 24.08 TWD versus a price of 23.30 TWD, about +3% upside (fairly valued).
What is the fair value of 8928?
Our model-based fair value for Dynamic Precision Industry is 24.08 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 23.30 TWD.
What is the quality score of 8928?
Dynamic Precision Industry has a Quality Score of 49/100. 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 Dynamic Precision Industry (8928)?
Our model-based price target is the fair value of 24.08 TWD (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 17.39 TWD, optimistic scenario 30.10 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Dynamic Precision Industry stock forecast for 2026?
Our models put fair value at 24.08 TWD, about +3% upside versus a price of 23.30 TWD (fairly valued). Cautious scenario 17.39 TWD, optimistic scenario 30.10 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Dynamic Precision Industry (8928)?
Dynamic Precision Industry reported trailing-twelve-month revenue of about 3.1B TWD (latest available figure, as of Sep 24, 2026).
Does Dynamic Precision Industry pay a dividend?
Dynamic Precision Industry currently shows a dividend yield of about 3.43% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Dynamic Precision Industry (8928)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dynamic Precision Industry it is 24.08 TWD per share (as of Sep 24, 2026), against a price of 23.30 TWD. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Dynamic Precision Industry stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 8928 trades below its calculated fair value: price 23.30 TWD, fair value 24.08 TWD, a gap of about +3% (fairly valued). 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 8928?
No. The price is what the market pays today (23.30 TWD); the fair value is what the company's own numbers justify (24.08 TWD). For Dynamic Precision Industry the two are 0.7800 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Dynamic Precision Industry worth?
The market values Dynamic Precision Industry at about 1.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 23.30 TWD; our models calculate a fair value of 24.08 TWD per share.
What do the bullish and bearish scenarios say about 8928?
Our models span a range for Dynamic Precision Industry: cautious scenario 17.39 TWD, base 24.08 TWD, optimistic 30.10 TWD per share (as of Sep 24, 2026, price 23.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8928?
Dynamic Precision Industry trades at a price-to-earnings ratio of 16.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 24.08 TWD is built from several models across several years. Other multiples: P/B 1.1, P/S 0.4, EV/EBITDA 12.6.
How solid is the balance sheet of Dynamic Precision Industry (8928)?
Balance-sheet figures for Dynamic Precision Industry (as of Sep 24, 2026): return on equity 2.7%, debt of 0.54 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 8928 from its 52-week high?
Dynamic Precision Industry trades at 23.30 TWD, about 16% below its 52-week high of 27.70 TWD and 13% above the low of 20.65 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 24.08 TWD is for.
Which stocks are comparable to Dynamic Precision Industry?
From the same area (Consumer Cyclical) we also value ANTA Sports Products Limited, Pop Mart International Group, Amer Sports, Inc, Hasbro, Inc, 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 Dynamic Precision Industry stock attractive at the current price?
The data as of Sep 24, 2026: price 23.30 TWD, calculated fair value 24.08 TWD (+3%), Quality Score 49/100, from 16 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 8928 calculated?
We run Dynamic Precision Industry through 16 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 24.08 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 13.0 % above its aggregate fair value. Dynamic Precision Industry currently trades 3 % 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 Dynamic Precision Industry (8928)?
The closing price on Sep 24, 2026 was 23.30 TWD. Our model-based fair value is 24.08 TWD, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dynamic Precision Industry right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Dynamic Precision Industry

How large is the market capitalisation of Dynamic Precision Industry (8928)?
The market capitalisation of Dynamic Precision Industry is 1.2B TWD (≈ $37.2M). 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 Dynamic Precision Industry (8928)?
The price-to-sales ratio of Dynamic Precision Industry is 0.35 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dynamic Precision Industry (8928)?
Earnings per share at Dynamic Precision Industry are 1.41 TWD (price ÷ EPS = P/E 16.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dynamic Precision Industry (8928)?
The dividend yield of Dynamic Precision Industry is 3.4% (payout 56.7%). 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 Dynamic Precision Industry (8928)?
The net margin of Dynamic Precision Industry is 2.1% (fiscal year 2025). 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 Dynamic Precision Industry (8928)?
The return on equity (ROE) of Dynamic Precision Industry is 2.7% (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 Dynamic Precision Industry (8928)?
On an EBIT basis the return on assets of Dynamic Precision Industry is 5.3% (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 Dynamic Precision Industry (8928)?
The operating margin of Dynamic Precision Industry is 0.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dynamic Precision Industry (8928)?
Revenue at Dynamic Precision Industry is growing −27.3% versus a year earlier (3y avg +0.2%). 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 Dynamic Precision Industry (8928)?
Earnings per share at Dynamic Precision Industry are growing −55.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dynamic Precision Industry (8928) generate?
The free cash flow of Dynamic Precision Industry is −9.1M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Dynamic Precision Industry (8928) carry?
The net debt of Dynamic Precision Industry is 1.5B TWD (fiscal year 2025). 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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