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Dynapack International Technology (3211) Fair Value & Analysis

Industrials · TW · Market cap 56.6B TWD (≈ $1.8B) · ISIN TW0003211009

What is Dynapack International Technology really worth?

DI Dynapack International Technology 3211 · TWO
Price386.00 TWD
Fair Value149.62 TWD
Upside−61.2%
Quality67/100

A solid business, but trading 158% above our fair value of 149.62 TWD.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −7.3 %/yr)
!Thin margins · 7.9% net margin
!Mixed vs. peers (7/15)
!Moderate moat 47/100

For context

·2.98% dividend yield
Evidence: High Range 112.15 TWD – 188.79 TWD

Fair value as of: Aug 29, 2026

From 24 valuation models · updated 6 days ago

Share price +19.0% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (188.79 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

469.00 TWD 60.50 TWD Fair Value 149.62 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range 60.50 TWD – 469.00 TWD · fair‑value band 112.15 TWD – 188.79 TWD · the 386.00 TWD price screens above the 149.62 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.

Full chart & analysis →

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Analysis

Dynapack International Technology (3211) currently trades at 386.00 TWD, while our model-based Fair Value estimate is 149.62 TWD, implying the stock looks roughly 158.0% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of 151.04 TWD per share, and 0 of the 24 models we run sit above the 386.00 TWD price. Bear case: the Asset-Based group reads lowest at 42.96 TWD, and 24 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Dynapack International Technology generated revenue of 14.2B TWD at a net margin of 10.8%. Revenue grew 41.5% year over year. It earns a return on equity of 17.2%. The balance sheet holds a net cash position of 298M TWD. Fundamentals as of Aug 29, 2026

Our scenario range runs from 112.15 TWD (bear case) to 188.79 TWD (bull case); at 386.00 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 share trades about 22% below its 52-week high and 121% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −61%, 3211 screens richer than that median.

Fair Value models

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.

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
FCF DCF best evidence 114.35 TWD 150.56 TWD 217.64 TWD 81
Growth DCF 118.64 TWD 153.79 TWD 213.93 TWD 79
Owner Earnings 115.42 TWD 152.05 TWD 219.91 TWD 77
All 24 models by family
DCF Models
FCF DCF best evidence 114.35 TWD 150.56 TWD 217.64 TWD 81
Owner Earnings 115.42 TWD 152.05 TWD 219.91 TWD 77
5Y Revenue Exit 98.48 TWD 130.80 TWD 177.72 TWD 73
5Y EBITDA Exit 108.06 TWD 147.38 TWD 199.49 TWD 76
5Y P/E Exit 131.24 TWD 187.53 TWD 254.73 TWD 71
10Y Revenue Exit 102.08 TWD 126.75 TWD 152.93 TWD 68
10Y EBITDA Exit 109.81 TWD 137.01 TWD 165.72 TWD 70
10Y P/E Exit 123.88 TWD 161.83 TWD 198.14 TWD 65
Earnings-Based
Graham-Dodd 60.41 TWD 73.84 TWD 83.07 TWD 67
EPV 80.25 TWD 89.94 TWD 98.42 TWD 74
Dividend Discount
Gordon GGM 112.58 TWD 123.22 TWD 139.44 TWD 69
DDM Multi-Stage 112.58 TWD 141.25 TWD 181.43 TWD 67
Multiples
P/E Multiple 139.93 TWD 186.57 TWD 233.22 TWD 63
P/S Multiple 113.28 TWD 151.04 TWD 188.79 TWD 58
P/B Multiple 113.28 TWD 151.04 TWD 188.79 TWD 55
EV/EBIT 123.64 TWD 157.48 TWD 191.33 TWD 66
EV/EBITDA 117.96 TWD 149.91 TWD 181.86 TWD 67
EV/Revenue 94.57 TWD 125.63 TWD 156.69 TWD 54
Asset-Based
NCAV (Graham) 32.06 TWD 42.96 TWD 64.12 TWD 54
Growth DCF
Growth DCF 118.64 TWD 153.79 TWD 213.93 TWD 79
Rev-Margin DCF 98.48 TWD 132.96 TWD 175.54 TWD 74
Economic Profit
Residual Income 62.44 TWD 74.98 TWD 133.25 TWD 73
ROIC Compounder 80.25 TWD 92.40 TWD 105.29 TWD 72
Growth Earnings
Growth-Adj P/E 98.81 TWD 141.16 TWD 183.50 TWD 67

Widest divergence: Multiples (151.04 TWD) versus Asset-Based (42.96 TWD). Highest evidence: FCF DCF (81).

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Key figures & financial health

P/E ratio 52.1
P/S ratio 5.45 P/E × margin
EPS (TTM) 7.41 TWD price ÷ EPS = P/E 52.1
Dividend yield 3.0% payout 155%
Net margin 10.5% FY2025
Return on equity 17.2% TTM
More key figures
Profitability
Return on assets (EBIT) 7.9% avg 5y
Operating margin 6.5% TTM
Growth
Revenue (TTM) 14.2B TWD TTM
Revenue growth (YoY) +41.5% 3y avg −11.5%
EPS growth (YoY) +86.9%
Balance sheet & cash flow
Free cash flow 1.5B TWD FY2025
Net cash 298M TWD FY2023

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 68 · Market factors (momentum, volatility) 49

Profitability 50
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 72
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Dynapack International Technology Corporation manufactures and sells lithium-ion battery packs in Taiwan, the United States, and internationally. The company offers notebook, tablet PC, and mobile, medical product, industry PDA, robot vacuum cleaner, and wireless charging battery packs, as well as power banks.

Full company description

Dynapack International Technology Corporation manufactures and sells lithium-ion battery packs in Taiwan, the United States, and internationally. The company offers notebook, tablet PC, and mobile, medical product, industry PDA, robot vacuum cleaner, and wireless charging battery packs, as well as power banks. It also provides energy storage system, battery backup unit, and uninterruptible power system. In addition, the company offers E-bike, E-scooter, rail guided vehicle/ automated guided vehicle, rail shuttle car battery, and electric tricycle battery. Further, the company manufactures and sells nickel-metal hydride battery packs, electronic components, wireless communication modules, and various chargers, as well as engages in technical development of power management systems. The company was formerly known as Hwa-Dah International Technology Corporation and changed its name to Dynapack International Technology Corporation in June 2002. Dynapack International Technology Corporation was incorporated in 1998 and is based in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dynapack International Technology reported revenue of 13.2B TWD in FY2025 versus 20.8B TWD in FY2021, a compound −10.7%/yr. Reported net income was 1.4B TWD in FY2025, compounding −19.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
13.2B TWD
Latest YoY
−5.0%
Avg. revenue 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.
−11.5%
Avg. revenue 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.
−7.3%
Avg. revenue growth/yr (8Y) 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.
−2.1%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. 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.
−0.5% (−3.5 + 3.0)
Revenue −10.7%/yr
FY21 20.8B TWD
FY22 19.1B TWD
FY23 17.2B TWD
FY24 13.9B TWD
FY25 13.2B TWD
Net income −19.6%/yr
FY21 3.3B TWD
FY22 797M TWD
FY23 788M TWD
FY24 2.7B TWD
FY25 1.4B TWD

3211 screens 158% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Dynapack International Technology Fair Value". https://www.fairvalue-calculator.com/stock/3211

Peer Group

Electrical Equipment & Parts · 542 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 67 · Top 25%
Fair Value upside −61% · Below median
Return on equity (TTM) 13% · Above median
Return on assets 5% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 7% · Below median
Revenue growth 8% · Below median
Dividend yield (TTM) 3.0% · Top 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 52.1× · Pricier than median
P/B 5.68× · Pricier than 75% of peers
P/S (TTM) 3.92× · Pricier than median
P/FCF 1.2× · Cheaper than median
EV/EBITDA 29.4× · Pricier than median
PEG 1.54× · Pricier than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE38 · sector 56
PAST52 · sector 26
HEALTH100 · sector 97
DIVIDEND60 · sector 23

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 −40%
ABB Ltd ABBN CHF 80.10 CHF 28.70 −64%
Delta Electronics (Thailand) Public Company TDED 10.40 SGD 1.47 SGD −86%
Vertiv Holdings VRT $257.08 $63.13 −75%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW −45%
Prysmian S.p.A PRY €117.10 €84.15 −28%
Legrand SA LR €139.65 €78.82 −44%
Sungrow Power Supply Co 300274 ¥86.40 ¥123.83 +43%
Hubbell Incorporated HUBB $443.31 $285.77 −36%
Shenzhen Inovance Technology Co 300124 ¥61.07 ¥33.04 −46%

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Frequently asked questions

Is Dynapack International Technology (3211) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of 149.62 TWD versus a price of 386.00 TWD, about −61% upside (overvalued).
What is the fair value of 3211?
Our model-based fair value for Dynapack International Technology is 149.62 TWD (as of Aug 29, 2026), built from audited fundamentals. The current price: 386.00 TWD.
What is the quality score of 3211?
Dynapack International Technology has a Quality Score of 67/100. 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 Dynapack International Technology (3211)?
Dynapack International Technology reported trailing-twelve-month revenue of about 14.2B TWD (latest available figure, as of Aug 29, 2026).
What is the net profit margin of 3211?
The net profit margin of Dynapack International Technology is about 10.8%, meaning it keeps roughly 10.8% of revenue as net income. Based on the latest reported figures.
Does Dynapack International Technology pay a dividend?
Dynapack International Technology currently shows a dividend yield of about 2.98% relative to its recent price (as of Aug 29, 2026).
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