Elite Material Co (2383) Fair Value & Analysis
Technology · TW · Market cap 1.8T TWD
Fair value as of: Aug 13, 2026
From 26 valuation models · updated yesterday
Fair value updated Aug 13, 2026, revised from 714.36 TWD to 830.20 TWD (+16.2%) since Jul 17, 2026. Share price +21.4% over the past month.
A solid business, but screening 87% overvalued on our models.
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.
- 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 13, 2026.
How to read this chart
60‑month range 130.00 TWD – 6,165 TWD · fair‑value band 380.44 TWD – 1,400 TWD · the 6,165 TWD price screens above the 830.20 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Elite Material Co (2383) currently trades at 6,165 TWD, while our model-based Fair Value estimate is 830.20 TWD, implying the stock looks roughly 86.5% overvalued today. The Quality Score stands at 60/100 (solid 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: high).
Over the trailing twelve months, Elite Material Co 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 13, 2026
Our scenario range runs from 380.44 TWD (bear case) to 1,400 TWD (bull case); at 6,165 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 near its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -87%, 2383 screens richer 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.
All 26 models by family
Widest divergence: Growth Earnings (1,077 TWD) versus Asset-Based (94.34 TWD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 71
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
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 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.
of which total revenue +13.9 pp · buybacks/dilution −1.2 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
2383 screens 87% overvalued. Compare with Delta Electronics, Inc →
Peer Group
Electronic Components · 647 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
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.
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 Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Delta Electronics, Inc 2308 | 1,790 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% |
| Shengyi Technology Co 600183 | ¥143.23 | ¥36.30 | -75% |
| Shennan Circuits Co 002916 | ¥385.80 | ¥125.52 | -67% |
| Victory Giant Technology (HuiZhou) Co 2476 | HK$238.60 | HK$75.68 | -68% |
| Kingboard Laminates Holdings 1888 | HK$38.70 | HK$8.95 | -77% |
| Asia Vital Components Co 3017 | 2,910 TWD | 1,369 TWD | -53% |
| Nan Ya Printed Circuit Board Corporation 8046 | 1,215 TWD | 1,768 TWD | +46% |
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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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