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ZTEST Electronics Inc (ZTSTF) Fair Value & Analysis

Technology · US · Market cap $10.1M

ZE ZTEST Electronics Inc logo ZTEST Electronics Inc ZTSTF · US
Price$0.3100
Fair Value$0.3570
Upside+15.2%
Quality53/100
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Mixed Growth
Solidly profitable · 15.2% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Wide moat 70/100
Evidence: High Range $0.2635 – $0.4420 Share as image

Fair value as of: Jul 25, 2026

From 24 valuation models · updated 16 days ago

Share price +27.6% over the past month.

A solid business, screening 15% undervalued on our models.

What matters now

  • Our model range runs from $0.2635 (bear) to $0.4420 (bull), base $0.3570. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 53/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$1.00 $0.0112 Fair Value $0.3570 Aug 2015 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 25, 2026.

How to read this chart

60‑month range $0.0112 – $1.00 · fair‑value band $0.2635 – $0.4420 · the $0.3100 price screens below the $0.3570 fair value. Dashed = 300-day average. As of Jul 25, 2026.

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Analysis

ZTEST Electronics Inc (ZTSTF) currently trades at $0.3100, while our model-based Fair Value estimate is $0.3570, implying the stock looks roughly 15.2% undervalued today. The Quality Score stands at 53/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, ZTEST Electronics Inc generated revenue of $8.8M at a net margin of 15.2%. Revenue grew 14.0% year over year. It earns a return on equity of 21.4%. The balance sheet holds a net cash position of $3.9M. Fundamentals as of Jul 25, 2026

Our scenario range runs from $0.2635 (bear case) to $0.4420 (bull case); at $0.3100, the current price sits within 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 3% below its 52-week high and 84% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 15%, ZTSTF 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
Growth DCF $0.4700 $0.5900 $0.7400 80
Residual Income $0.1500 $0.2000 $0.4900 76
Rev-Margin DCF $0.4400 $0.6200 $0.8300 74
All 24 models by family
DCF Models
FCF DCF $0.4700 $0.6100 $0.8000 38
Owner Earnings $0.4300 $0.5600 $0.7200 31
5Y Revenue Exit $0.4400 $0.6200 $0.8400 39
5Y EBITDA Exit $0.4900 $0.7100 $0.9600 41
5Y P/E Exit $0.4900 $0.7000 $0.9300 38
10Y Revenue Exit $0.4400 $0.5900 $0.7900 36
10Y EBITDA Exit $0.4700 $0.6400 $0.8700 37
10Y P/E Exit $0.4700 $0.6400 $0.8400 35
Earnings-Based
Graham-Dodd $0.2000 $0.6600 $0.8800 54
Lynch FV $0.1500 $0.2100 $0.2700 50
PEG = 1.0 $0.1500 $0.2100 $0.2700 46
EPV $0.3000 $0.3200 $0.3400 59
Multiples
P/E Multiple $0.4400 $0.5900 $0.7400 63
P/S Multiple $0.3800 $0.5000 $0.6300 58
P/B Multiple $0.3500 $0.4700 $0.5900 55
EV/EBIT $0.6000 $0.7600 $0.9300 53
EV/EBITDA $0.5600 $0.7100 $0.8600 54
EV/Revenue $0.4400 $0.5800 $0.7200 43
Asset-Based
NCAV (Graham) $0.0800 $0.1100 $0.1600 50
Growth DCF
Growth DCF $0.4700 $0.5900 $0.7400 80
Rev-Margin DCF $0.4400 $0.6200 $0.8300 74
Economic Profit
Residual Income $0.1500 $0.2000 $0.4900 76
ROIC Compounder $0.3000 $0.3400 $0.3700 72
Growth Earnings
Growth-Adj P/E $0.3700 $0.5400 $0.7000 68

Widest divergence: DCF Models ($0.6200) versus Asset-Based ($0.1100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $8.8M
Revenue growth (YoY) +14.0%
Net margin 15.2%
Return on equity 21.4%
Free cash flow $1.6M FY2025
P/E ratio 9.0
More key figures
Operating margin 21.4%
EPS (TTM) $0.0300
EPS growth (YoY) +44.7%
Net cash $3.9M FY2025

Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 58 · Market factors (momentum, volatility) 76

Profitability 78
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 84
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 0
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

ZTEST Electronics Inc., through its subsidiary, Permatech Electronics Corporation, designs, develops, and assembles printed circuit boards in Canada. It also provides electronic manufacturing, materials management, and testing services.

Full company description

ZTEST Electronics Inc., through its subsidiary, Permatech Electronics Corporation, designs, develops, and assembles printed circuit boards in Canada. It also provides electronic manufacturing, materials management, and testing services. The company serves customers in the medical, power, mining, computer, telecommunication, wireless, industrial, trucking, wearables, and consumer electronics markets. ZTEST Electronics Inc. was incorporated in 1986 and is based in Toronto, Canada.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ZTEST Electronics Inc reported revenue of $8.3M in FY2025 versus $4.0M in FY2021, a compound +20.0%/yr. Reported net income was $1.1M in FY2025, compounding +120.9%/yr from FY2021.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$8.3M
Latest YoY
−14.7%
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.
+23.5%
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.
+16.4%
Avg. growth/yr (28Y) 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.
+6.9%
Revenue +20.0%/yr
FY21 $4.0M
FY22 $4.4M
FY23 $5.7M
FY24 $9.8M
FY25 $8.3M
Net income +120.9%/yr
FY21 $45.8K
FY22 −$267K
FY23 $165K
FY24 $1.8M
FY25 $1.1M

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Cite: Fair Value Calculator (2026). "ZTEST Electronics Inc Fair Value". https://www.fairvalue-calculator.com/stock/ZTSTF

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 53 · Below median
Fair Value upside +15% · Top 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 14% · Above median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 9.0× · Cheaper than 75% of peers
P/B 1.75× · Cheaper than median
P/S (TTM) 1.15× · Cheaper than median
P/FCF 6.5× · Pricier than median
EV/EBITDA 3.2× · 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 54 · sector 0
FUTURE 70 · sector 32
PAST 85 · sector 24
HEALTH 100 · sector 95
DIVIDEND 0 · sector 25

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 25, 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 ZTEST Electronics Inc (ZTSTF) overvalued or undervalued?
As of Jul 25, 2026, our model estimates a fair value of $0.3570 versus a price of $0.3100, about +15% (undervalued).
What is the fair value of ZTSTF?
Our model-based fair value for ZTEST Electronics Inc is $0.3570 (as of Jul 25, 2026), built from audited fundamentals. The current price is $0.3100.
What is the quality score of ZTSTF?
ZTEST Electronics Inc has a Quality Score of 53/100. 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 ZTEST Electronics Inc (ZTSTF)?
ZTEST Electronics Inc reported trailing-twelve-month revenue of about $8.8M (latest available figure, as of Jul 25, 2026).
What is the net profit margin of ZTSTF?
The net profit margin of ZTEST Electronics Inc is about 15.2%, meaning it keeps roughly 15.2% of revenue as net income. 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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