EN DE

WPG Holdings (3702) Fair Value & Analysis

Technology · TW · Market cap 179B TWD

WH WPG Holdings 3702 · TW
Price115.00 TWD
Fair Value148.26 TWD
Upside+28.9%
Quality50/100
Watch WPG Holdings for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 1.3% net margin
Low debt · generates free cash flow
3.47% dividend yield
Ranks above peers (10/15)
Narrow moat 37/100
Evidence: High Range 91.86 TWD – 204.65 TWD Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 102.31 TWD to 148.26 TWD (+44.9%) since Jul 20, 2026. Share price −1.3% over the past month.

A solid business, screening 29% undervalued on our models.

What matters now

  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (91.86 TWD to 204.65 TWD) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

130.00 TWD 37.42 TWD Fair Value 148.26 TWD Mar 2021 Aug 2026

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 37.42 TWD – 130.00 TWD · fair‑value band 91.86 TWD – 204.65 TWD · the 115.00 TWD price screens below the 148.26 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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

Analysis

WPG Holdings (3702) currently trades at 115.00 TWD, while our model-based Fair Value estimate is 148.26 TWD, implying the stock looks roughly 28.9% undervalued today. The Quality Score stands at 50/100 (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, WPG Holdings generated revenue of 1.1T TWD at a net margin of 1.3%. Revenue grew 27.2% year over year. It earns a return on equity of 15.9%. Net debt stands at 130B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 91.86 TWD (bear case) to 204.65 TWD (bull case); at 115.00 TWD, 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 10% below its 52-week high and 103% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -21% fair-value upside, at 29%, 3702 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 160.20 TWD 288.11 TWD 505.99 TWD 80
Residual Income 46.07 TWD 54.12 TWD 98.44 TWD 76
Rev-Margin DCF 119.33 TWD 206.48 TWD 319.87 TWD 74
All 26 models by family
DCF Models
FCF DCF 161.69 TWD 301.69 TWD 547.09 TWD 38
Owner Earnings 76.68 TWD 146.43 TWD 268.70 TWD 31
5Y Revenue Exit 119.33 TWD 207.98 TWD 327.31 TWD 39
5Y EBITDA Exit 152.83 TWD 277.43 TWD 433.84 TWD 41
5Y P/E Exit 125.88 TWD 221.58 TWD 330.46 TWD 38
10Y Revenue Exit 128.42 TWD 217.76 TWD 353.06 TWD 36
10Y EBITDA Exit 154.42 TWD 268.81 TWD 442.71 TWD 37
10Y P/E Exit 136.51 TWD 227.76 TWD 355.70 TWD 35
Earnings-Based
Graham-Dodd 40.92 TWD 193.48 TWD 266.08 TWD 54
Lynch FV 51.35 TWD 73.36 TWD 95.37 TWD 50
PEG = 1.0 51.35 TWD 73.36 TWD 95.37 TWD 46
EPV 87.91 TWD 103.85 TWD 117.79 TWD 59
Dividend Discount
Gordon GGM 31.70 TWD 65.91 TWD 104.57 TWD 70
DDM Multi-Stage 31.70 TWD 55.58 TWD 69.18 TWD 61
Multiples
P/E Multiple 126.38 TWD 168.51 TWD 210.64 TWD 63
P/S Multiple 76.73 TWD 102.31 TWD 127.89 TWD 58
P/B Multiple 76.73 TWD 102.31 TWD 127.89 TWD 55
EV/EBIT 206.36 TWD 277.72 TWD 349.08 TWD 53
EV/EBITDA 161.46 TWD 217.85 TWD 274.25 TWD 54
EV/Revenue 100.51 TWD 146.89 TWD 193.28 TWD 43
Asset-Based
NCAV (Graham) 24.67 TWD 33.06 TWD 49.34 TWD 50
Growth DCF
Growth DCF 160.20 TWD 288.11 TWD 505.99 TWD 80
Rev-Margin DCF 119.33 TWD 206.48 TWD 319.87 TWD 74
Economic Profit
Residual Income 46.07 TWD 54.12 TWD 98.44 TWD 76
ROIC Compounder 101.00 TWD 140.66 TWD 193.67 TWD 72
Growth Earnings
Growth-Adj P/E 95.66 TWD 136.66 TWD 177.65 TWD 68

Widest divergence: DCF Models (221.58 TWD) versus Asset-Based (33.06 TWD). Highest evidence: Growth DCF (80).

Notify me when 3702 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 1.1T TWD
Revenue growth (YoY) +27.2%
Net margin 1.3%
Return on equity 15.9%
Free cash flow 21.9B TWD FY2025
P/E ratio 20.5
More key figures
Operating margin 2.7%
EPS (TTM) 5.60 TWD
Dividend yield 3.5%
EPS growth (YoY) +188%
Net debt 130B TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 50 · Market factors (momentum, volatility) 83

Profitability 43
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 27
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

WPG Holdings Limited, together with its subsidiaries, operates as a semiconductor components distributor in Taiwan, Mainland China, and internationally. It operates through World Peace Industrial Subgroup, Pingjiazi Group Co., Quandingzi Group Co., Yosun Subgroup, Trigold Group Co., and Others segments.

Full company description

WPG Holdings Limited, together with its subsidiaries, operates as a semiconductor components distributor in Taiwan, Mainland China, and internationally. It operates through World Peace Industrial Subgroup, Pingjiazi Group Co., Quandingzi Group Co., Yosun Subgroup, Trigold Group Co., and Others segments. The company distributes electronic components, such as analog and mixed-signal components, discrete and logic components, memory components, passive components, optical components, and electromagnetic and connector components. It also provides procurement, built-to-order, integrated, online, logistics and cross-border, virtual managed inventory systems, and financial support services. In addition, the company engages in the agency and distribution of computer hardware and software, and information products; distribution of electronic products; general investment; general trade; smart warehousing value-added services; import and export trade of electronic materials and components; information services; operation of indoor children's playground; and B2C and O2O e-commerce businesses. Its products are used in automotive, computer, industrial, consumer, communication, and IoT applications. WPG Holdings Limited was founded in 1980 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WPG Holdings reported revenue of 999B TWD in FY2025 versus 779B TWD in FY2021, a compound +6.4%/yr. Reported net income was 10.1B TWD in FY2025, compounding −3.2%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
999B TWD
Latest YoY
+13.5%
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.
+8.8%
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.
+10.4%
Avg. growth/yr (20Y) 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.
+22.0%
Revenue +6.4%/yr
FY21 779B TWD
FY22 775B TWD
FY23 672B TWD
FY24 881B TWD
FY25 999B TWD
Net income −3.2%/yr
FY21 11.5B TWD
FY22 10.5B TWD
FY23 8.1B TWD
FY24 7.2B TWD
FY25 10.1B TWD
Character of growth · EPS growth decomposed (2014-2025) +4.3 % p.a.
Revenue per share +5.4 pp

of which total revenue +6.0 pp · buybacks/dilution −0.6 pp

EBIT margin +1.0 pp
Tax rate −0.1 pp
Residual (interest, one-offs) −2.0 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).

Watch 3702: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "WPG Holdings Fair Value". https://www.fairvalue-calculator.com/stock/3702

Peer Group

Electronics & Computer Distribution · 157 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 50 · Below median
Fair Value upside +29% · Above median
Return on equity (TTM) 16% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 27% · Above median
Dividend yield (TTM) 3.5% · Above median
Debt / equity 0.43× · Higher than 75% of peers

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 20.5× · Pricier than median
P/B 2.16× · Pricier than median
P/S (TTM) 0.17× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 7.8× · Cheaper than median
PEG 1.09× · Cheaper than median

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 72 · sector 27
FUTURE 100 · sector 63
PAST 64 · sector 33
HEALTH 78 · sector 98
DIVIDEND 69 · sector 41

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $255.21 $289.83 +14%
Unisplendour Corporation 000938 ¥39.60 ¥16.52 -58%
Rexel S.A RXL €37.61 €32.05 -15%
Arrow Electronics, Inc ARW $210.30 $114.08 -46%
Avnet, Inc AVT $97.31 $77.07 -21%
Nanjing Sunlord Electronics Corporation 300975 ¥27.41 ¥12.34 -55%
Shenzhen Huaqiang Industry Co 000062 ¥23.53 ¥7.52 -68%
Shenzhen H&T Intelligent Control Co. 002402 ¥21.59 ¥20.12 -7%
Topco Scientific Co 5434 532.00 TWD 473.70 TWD -11%
Beijing Tricolor Technology Co 603516 ¥98.79 ¥20.75 -79%

Compare WPG Holdings with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is WPG Holdings (3702) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 148.26 TWD versus a price of 115.00 TWD, about +29% (undervalued).
What is the fair value of 3702?
Our model-based fair value for WPG Holdings is 148.26 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 115.00 TWD.
What is the quality score of 3702?
WPG Holdings has a Quality Score of 50/100. 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 WPG Holdings (3702)?
WPG Holdings reported trailing-twelve-month revenue of about 1.1T TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 3702?
The net profit margin of WPG Holdings is about 1.3%, meaning it keeps roughly 1.3% 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.

14 days Pro free · no card

Track WPG Holdings and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.