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Zhen Ding Technology Holding (4958) Fair Value & Analysis

Technology · TW · Market cap 562B TWD

ZD Zhen Ding Technology Holding 4958 · TW
Price489.50 TWD
Fair Value136.13 TWD
Upside-72.2%
Quality48/100
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Expensive Growth
Thin margins · 4.1% net margin
Low debt · negative free cash flow
0.60% dividend yield
Trails peers (5/14)
Narrow moat 38/100
Evidence: Medium Range 92.10 TWD – 171.04 TWD Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 125.82 TWD to 136.13 TWD (+8.2%) since Jul 18, 2026. Share price −20.8% over the past month.

Below-average quality, and screening another 72% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (171.04 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (92.10 TWD to 171.04 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

646.00 TWD 75.46 TWD Fair Value 136.13 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 75.46 TWD – 646.00 TWD · fair‑value band 92.10 TWD – 171.04 TWD · the 489.50 TWD price screens above the 136.13 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Zhen Ding Technology Holding (4958) currently trades at 489.50 TWD, while our model-based Fair Value estimate is 136.13 TWD, implying the stock looks roughly 72.2% overvalued today. The Quality Score stands at 48/100 (below-average 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: medium).

Over the trailing twelve months, Zhen Ding Technology Holding generated revenue of 183B TWD at a net margin of 4.1%. Revenue grew 1.6% year over year. It earns a return on equity of 7.1%. The balance sheet holds a net cash position of 18.1B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 92.10 TWD (bear case) to 171.04 TWD (bull case); at 489.50 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 14% below 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 -72%, 4958 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (64.73 TWD to 580.77 TWD). Read the values as a conservative anchor, not as a price target.
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
Residual Income 91.37 TWD 94.55 TWD 95.44 TWD 76
ROIC Compounder 147.61 TWD 187.40 TWD 243.38 TWD 72
Gordon GGM 40.92 TWD 89.34 TWD 150.31 TWD 70
All 16 models by family
Earnings-Based
Graham-Dodd 42.78 TWD 178.87 TWD 243.96 TWD 54
Lynch FV 45.31 TWD 64.73 TWD 84.15 TWD 50
PEG = 1.0 45.31 TWD 64.73 TWD 84.15 TWD 46
EPV 138.43 TWD 155.56 TWD 170.78 TWD 59
Dividend Discount
Gordon GGM 40.92 TWD 89.34 TWD 150.31 TWD 70
DDM Multi-Stage 40.92 TWD 73.18 TWD 93.10 TWD 61
Multiples
P/E Multiple 132.11 TWD 176.14 TWD 220.18 TWD 63
P/S Multiple 80.21 TWD 106.94 TWD 133.68 TWD 58
P/B Multiple 80.21 TWD 106.94 TWD 133.68 TWD 55
EV/EBIT 273.72 TWD 351.16 TWD 428.59 TWD 53
EV/EBITDA 445.93 TWD 580.77 TWD 715.62 TWD 54
EV/Revenue 158.85 TWD 209.18 TWD 259.52 TWD 43
Asset-Based
NCAV (Graham) 57.43 TWD 76.96 TWD 114.86 TWD 50
Economic Profit
Residual Income 91.37 TWD 94.55 TWD 95.44 TWD 76
ROIC Compounder 147.61 TWD 187.40 TWD 243.38 TWD 72
Growth Earnings
Growth-Adj P/E 92.10 TWD 131.57 TWD 171.04 TWD 68

Widest divergence: Multiples (176.14 TWD) versus Earnings-Based (64.73 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 183B TWD
Revenue growth (YoY) +1.6%
Net margin 4.1%
Return on equity 7.1%
Free cash flow −4.8B TWD FY2025
P/E ratio 72.5
More key figures
Operating margin 6.2%
EPS (TTM) 6.75 TWD
Dividend yield 0.6%
EPS growth (YoY) +102%
Net cash 18.1B TWD FY2025

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 67

Profitability 31
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 15
Calm price path (market factor)
Momentum 92
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 60
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

Zhen Ding Technology Holding Limited, together with its subsidiaries, engages in the design, development, manufacture, and sale of printed circuit boards (PCB) products in the United States, Mainland China, Taiwan, Singapore, and internationally.

Full company description

Zhen Ding Technology Holding Limited, together with its subsidiaries, engages in the design, development, manufacture, and sale of printed circuit boards (PCB) products in the United States, Mainland China, Taiwan, Singapore, and internationally. The company offers flexible circuit boards, substrate-like PCBs, high-density interconnect PCBs, rigid printed circuit boards, IC substrates, rigid-flex PCBs, and modules. Its products are used in various applications, including mobile phones, computers, wearables, AR/VR, smart home, other consumer, data center, base station, networking, automotive, and robot and industrial. The company was formerly known as Foxconn Advanced Technology Limited and changed its name to Zhen Ding Technology Holding Limited in June 2011. Zhen Ding Technology Holding Limited was founded in 1995 and is based in Grand Cayman, the Cayman Islands.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhen Ding Technology Holding reported revenue of 183B TWD in FY2025 versus 155B TWD in FY2021, a compound +4.2%/yr. Reported net income was 6.8B TWD in FY2025, compounding −8.4%/yr from FY2021.

Growth Quality 35/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
183B TWD
Latest YoY
+6.3%
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.
+2.1%
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.
+6.8%
Avg. growth/yr (17Y) 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.
+15.1%
Revenue +4.2%/yr
FY21 155B TWD
FY22 171B TWD
FY23 151B TWD
FY24 172B TWD
FY25 183B TWD
Net income −8.4%/yr
FY21 9.7B TWD
FY22 14.2B TWD
FY23 6.2B TWD
FY24 9.2B TWD
FY25 6.8B TWD
Character of growth · EPS growth decomposed (2014-2025) +0.6 % p.a.
Revenue per share +6.5 pp

of which total revenue +8.4 pp · buybacks/dilution −1.9 pp

EBIT margin −2.4 pp
Tax rate −0.1 pp
Residual (interest, one-offs) −3.4 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).

4958 screens 72% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Zhen Ding Technology Holding Fair Value". https://www.fairvalue-calculator.com/stock/4958

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.

Quality Score 48 · Below median
Fair Value upside −72% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 6% · Above median
Revenue growth 2% · Below median
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.21× · Higher than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 72.5× · Pricier than 75% of peers
P/B 4.54× · Pricier than median
P/S (TTM) 3.07× · Pricier than median
EV/EBITDA 15.5× · Cheaper than median
PEG 0.31× · 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 0 · sector 0
FUTURE 8 · sector 36
PAST 29 · sector 24
HEALTH 89 · sector 95
DIVIDEND 12 · sector 24

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.

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 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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Frequently asked questions

Is Zhen Ding Technology Holding (4958) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 136.13 TWD versus a price of 489.50 TWD, about −72% (overvalued).
What is the fair value of 4958?
Our model-based fair value for Zhen Ding Technology Holding is 136.13 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 489.50 TWD.
What is the quality score of 4958?
Zhen Ding Technology Holding has a Quality Score of 48/100. 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 Zhen Ding Technology Holding (4958)?
Zhen Ding Technology Holding reported trailing-twelve-month revenue of about 183B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 4958?
The net profit margin of Zhen Ding Technology Holding is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.
Does Zhen Ding Technology Holding pay a dividend?
Zhen Ding Technology Holding currently shows a dividend yield of about 0.60% relative to its recent price (as of Aug 13, 2026).

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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