Elite Material Co Ltd (2383) Fair Value & Analysis

Technology · TW · Market cap 1.8T TWD (≈ $56.3B) · ISIN TW0002383007

What is Elite Material Co Ltd really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

What matters now

• The price sits above even our optimistic bull case (1,400 TWD). The favourable scenario is already priced in.
• The model range is unusually wide (380.44 TWD to 1,400 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
• 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 (60/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range 130.00 TWD – 6,350 TWD · fair‑value band 380.44 TWD – 1,400 TWD · the 5,415 TWD price screens above the 830.20 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 17, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Elite Material Co Ltd (2383) currently trades at 5,415 TWD, while our model-based Fair Value estimate is 830.20 TWD, implying the stock looks roughly 552.3% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 1,077 TWD per share, and 0 of the 26 models we run sit above the 5,415 TWD price. Bear case: the Asset-Based group reads lowest at 94.34 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Elite Material Co Ltd generated revenue of 106B TWD at a net margin of 15.6%. Revenue grew 52.5% year over year. It earns a return on equity of 40.7%. Net debt stands at 103M TWD. Fundamentals as of Aug 17, 2026

Our scenario range runs from 380.44 TWD (bear case) to 1,400 TWD (bull case); at 5,415 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 4% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −85%, 2383 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 14.21 TWD per share, which is 1.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Widest divergence: Growth Earnings (1,077 TWD) versus Asset-Based (94.34 TWD). Highest evidence: FCF DCF (77).

Key figures & financial health

Quality Score breakdown

About the company

Elite Material Co., Ltd. engages in the manufacturing and sales of copper clad laminates, electronic-industrial specialty chemical and raw materials, and electronic components in Taiwan, China, and internationally. The company also offers printed circuit boards, prepreg, and adhesive sheets.

Full company description

Elite Material Co., Ltd. engages in the manufacturing and sales of copper clad laminates, electronic-industrial specialty chemical and raw materials, and electronic components in Taiwan, China, and internationally. The company also offers printed circuit boards, prepreg, and adhesive sheets. Its products are used in various industries, including mobile devices, infrastructure, automotives, aerospace, military, industrial, and autonomous driving applications. The company was incorporated in 1992 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

Elite Material Co Ltd reported revenue of 94.3B TWD in FY2025 versus 38.5B TWD in FY2021, a compound +25.1%/yr. Reported net income was 14.6B TWD in FY2025, compounding +27.8%/yr from FY2021.

2383 screens 552% overvalued. Compare with Amphenol Corporation →

Peer Group

Electronic Components · 638 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.

Valuation Multiples vs Electronic Components median · lower = cheaper

Strength profile in five axes (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: 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.

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).

Explore undervalued stocks

More undervalued Technology stocks →

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

Discover tools

Frequently asked questions