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Zhen Ding Technology Holding Ltd (4958) Fair Value & Analysis

Technology · TW · Market cap 562B TWD (≈ $17.7B) · ISIN KYG989221000

What is Zhen Ding Technology Holding Ltd really worth?

ZD Zhen Ding Technology Holding Ltd 4958 · TW
Price463.00 TWD
Fair Value136.13 TWD
Upside−70.6%
Quality48/100

Below-average quality, and trading another 240% above our fair value of 136.13 TWD.

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Risks

!Expensive Growth (revenue 5y +6.8 %/yr)
!Thin margins · 4.1% net margin
!Low debt · negative free cash flow
!Trails peers (5/14)
!Narrow moat 38/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 8 out of 100
!Weak on past: 29 out of 100

For context

·0.75% dividend yield
Evidence: Medium Range 92.10 TWD – 171.04 TWD

Fair value as of: Aug 13, 2026

From 16 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from 125.82 TWD to 136.13 TWD (+8.2%) since Jul 18, 2026. Share price −5.1% 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 (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.

Price vs Fair Value (5 years)

646.00 TWD 75.46 TWD Fair Value 136.13 TWD Apr 2021 Sep 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 463.00 TWD price screens above the 136.13 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Zhen Ding Technology Holding Ltd (4958) currently trades at 463.00 TWD, while our model-based Fair Value estimate is 136.13 TWD, implying the stock looks roughly 240.1% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Technology sector. Bull case: the Multiples group reads highest at a median of 176.14 TWD per share, and 1 of the 16 models we run sit above the 463.00 TWD price. Bear case: the Earnings-Based group reads lowest at 64.73 TWD, and 15 of the 16 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Zhen Ding Technology Holding Ltd 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 463.00 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 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 18% below its 52-week high and 384% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −71%, 4958 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 2.23 TWD per share, which is 1.6 % 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.

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 best evidence 91.37 TWD 94.55 TWD 95.44 TWD 76
EPV 138.43 TWD 155.56 TWD 170.78 TWD 74
ROIC Compounder 147.61 TWD 187.40 TWD 243.38 TWD 72
All 16 models by family
Earnings-Based
Graham-Dodd 42.78 TWD 178.87 TWD 243.96 TWD 64
Lynch FV 45.31 TWD 64.73 TWD 84.15 TWD 61
PEG = 1.0 45.31 TWD 64.73 TWD 84.15 TWD 57
EPV 138.43 TWD 155.56 TWD 170.78 TWD 74
Dividend Discount
Gordon GGM 40.92 TWD 89.34 TWD 150.31 TWD 65
DDM Multi-Stage 40.92 TWD 73.18 TWD 93.10 TWD 66
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 66
EV/EBITDA 445.93 TWD 580.77 TWD 715.62 TWD 67
EV/Revenue 158.85 TWD 209.18 TWD 259.52 TWD 54
Asset-Based
NCAV (Graham) 57.43 TWD 76.96 TWD 114.86 TWD 54
Economic Profit
Residual Income best evidence 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 67

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

P/E ratio 68.6
P/S ratio 2.55 P/E × margin
EPS (TTM) 6.75 TWD price ÷ EPS = P/E 68.6
Dividend yield 0.7% payout 51.1%
Net margin 3.7% FY2025
Return on equity 7.1% TTM
More key figures
Profitability
Return on assets (EBIT) 6.2% avg 5y
Operating margin 6.2% TTM
Growth
Revenue (TTM) 183B TWD TTM
Revenue growth (YoY) +1.6% 3y avg +2.1%
EPS growth (YoY) +102%
Balance sheet & cash flow
Free cash flow −4.8B TWD FY2025
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) 61

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 79
Price trend over the last 3–12 months (market factor)
52W Momentum 82
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.

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

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 Ltd 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. 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.
+2.1%
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.
+6.8%
Avg. revenue 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%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) 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.
−7.1% (−7.8 + 0.7)
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 %

of which total revenue +8.4 % · buybacks/dilution −1.8 %

EBIT margin −2.4 %
Tax rate −0.1 %
Residual (interest, one-offs) −3.2 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

4958 screens 240% overvalued. Compare with Amphenol Corporation →

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

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

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.

Quality Score 48 · Below median
Fair Value upside −71% · 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) 0.7% · Below median
Debt / equity 0.21× · Higher than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 68.6× · 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

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
FUTURE8 · sector 40
PAST29 · sector 25
HEALTH89 · sector 95
DIVIDEND15 · 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

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
Amphenol Corporation APH $157.74 $97.19 −38%
Corning Incorporated GLW CHF 134.64 CHF 35.18 −74%
Delta Electronics, Inc 2308 1,750 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%
TE Connectivity plc TEL $202.66 $144.42 −29%
Shengyi Technology Co 600183 ¥132.80 ¥36.30 −73%
Flex Ltd FLEX $124.53 $48.10 −61%
Celestica Inc CLS $298.70 $113.54 −62%

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Frequently asked questions

Is Zhen Ding Technology Holding Ltd (4958) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 136.13 TWD versus a price of 463.00 TWD, about −71% upside (overvalued).
What is the fair value of 4958?
Our model-based fair value for Zhen Ding Technology Holding Ltd is 136.13 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 463.00 TWD.
What is the quality score of 4958?
Zhen Ding Technology Holding Ltd 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 Ltd (4958)?
Zhen Ding Technology Holding Ltd 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 Ltd 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 Ltd pay a dividend?
Zhen Ding Technology Holding Ltd currently shows a dividend yield of about 0.75% relative to its recent price (as of Aug 13, 2026).
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