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Simplo Technology Co Ltd (6121) Fair Value & Analysis

Industrials · TW · Market cap 73.9B TWD (≈ $2.3B) · ISIN TW0006121007

What is Simplo Technology Co Ltd really worth?

ST Simplo Technology Co Ltd 6121 · TWO
Price397.00 TWD
Fair Value524.35 TWD
Upside+32.1%
Quality62/100

A solid business, trading 24% below our fair value of 524.35 TWD.

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Strengths

generates free cash flow
Ranks above peers (13/14)

Risks

!Weak Growth (revenue 5y −0.8 %/yr)
!Thin margins · 7.3% net margin
!Moderate moat 53/100

For context

·5.49% dividend yield
Evidence: High Range 374.21 TWD – 694.06 TWD

Fair value as of: Aug 30, 2026

From 24 valuation models · updated 6 days ago

Share price +6.6% over the past month.

What runs behind every stock

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

What matters now

  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (374.21 TWD to 694.06 TWD) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

506.00 TWD 232.00 TWD Fair Value 524.35 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range 232.00 TWD – 506.00 TWD · fair‑value band 374.21 TWD – 694.06 TWD · the 397.00 TWD price screens below the 524.35 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.

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Analysis

Simplo Technology Co Ltd (6121) currently trades at 397.00 TWD, while our model-based Fair Value estimate is 524.35 TWD, implying the stock looks roughly 24.3% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of 642.78 TWD per share, and 17 of the 24 models we run sit above the 397.00 TWD price. Bear case: the Asset-Based group reads lowest at 139.05 TWD, and 7 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Simplo Technology Co Ltd generated revenue of 82.2B TWD at a net margin of 6.7%. Revenue grew 0.5% year over year. It earns a return on equity of 15.7%. The stock trades on a trailing P/E of 13.0. Fundamentals as of Aug 30, 2026

Our scenario range runs from 374.21 TWD (bear case) to 694.06 TWD (bull case); at 397.00 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 6% below its 52-week high and 31% 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 32%, 6121 screens cheaper 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 5.90 TWD per share, which is 1.1 % 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.

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 237.62 TWD 281.21 TWD 365.99 TWD 80
Growth DCF 242.74 TWD 285.29 TWD 361.29 TWD 77
Owner Earnings 356.17 TWD 443.26 TWD 612.66 TWD 75
All 24 models by family
DCF Models
FCF DCF best evidence 237.62 TWD 281.21 TWD 365.99 TWD 80
Owner Earnings 356.17 TWD 443.26 TWD 612.66 TWD 75
5Y Revenue Exit 380.86 TWD 537.80 TWD 770.84 TWD 70
5Y EBITDA Exit 450.48 TWD 656.91 TWD 935.14 TWD 72
5Y P/E Exit 420.68 TWD 605.92 TWD 830.28 TWD 68
10Y Revenue Exit 313.93 TWD 435.08 TWD 573.23 TWD 65
10Y EBITDA Exit 366.62 TWD 511.40 TWD 674.96 TWD 67
10Y P/E Exit 348.42 TWD 478.73 TWD 610.03 TWD 62
Earnings-Based
Graham-Dodd 208.14 TWD 301.68 TWD 355.35 TWD 67
EPV 369.19 TWD 410.92 TWD 447.42 TWD 70
Dividend Discount
Gordon GGM 188.23 TWD 212.79 TWD 244.43 TWD 69
DDM Multi-Stage 188.23 TWD 244.27 TWD 317.43 TWD 67
Multiples
P/E Multiple 482.08 TWD 642.78 TWD 803.47 TWD 63
P/S Multiple 390.26 TWD 520.34 TWD 650.43 TWD 58
P/B Multiple 390.26 TWD 520.34 TWD 650.43 TWD 55
EV/EBIT 651.46 TWD 829.00 TWD 1,007 TWD 63
EV/EBITDA 656.91 TWD 836.27 TWD 1,016 TWD 64
EV/Revenue 498.99 TWD 661.90 TWD 824.82 TWD 52
Asset-Based
NCAV (Graham) 103.77 TWD 139.05 TWD 207.54 TWD 51
Growth DCF
Growth DCF 242.74 TWD 285.29 TWD 361.29 TWD 77
Rev-Margin DCF 380.86 TWD 540.54 TWD 735.57 TWD 70
Economic Profit
Residual Income 206.31 TWD 255.74 TWD 514.62 TWD 72
ROIC Compounder 371.17 TWD 420.42 TWD 470.97 TWD 70
Growth Earnings
Growth-Adj P/E 340.42 TWD 486.31 TWD 632.20 TWD 67

Widest divergence: Multiples (642.78 TWD) versus Asset-Based (139.05 TWD). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/E ratio 13.0
P/S ratio 0.90 P/E × margin
EPS (TTM) 30.50 TWD price ÷ EPS = P/E 13.0
Dividend yield 5.5% payout 71.5%
Net margin 6.9% FY2025
Return on equity 15.7% TTM
More key figures
Profitability
Return on assets (EBIT) 10.6% avg 5y
Operating margin 11.1% TTM
Growth
Revenue (TTM) 82.2B TWD TTM
Revenue growth (YoY) +0.5% 3y avg −4.9%
EPS growth (YoY) −11.8%
Balance sheet & cash flow
Free cash flow 2.2B TWD FY2025

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 60 · Market factors (momentum, volatility) 58

Profitability 49
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 82
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

Simplo Technology Co., Ltd. research, designs, and manufactures lithium battery modules in the Taiwan, China, the United States, and Singapore. It offers machine parts, such as plastic parts, die cut, film, and bus bar products series.

Full company description

Simplo Technology Co., Ltd. research, designs, and manufactures lithium battery modules in the Taiwan, China, the United States, and Singapore. It offers machine parts, such as plastic parts, die cut, film, and bus bar products series. The company offers its products for household appliances; and mobile devices, LEV, and EV applications, as well as for fit accessories. It engages in manufactures information software services, lighting equipment, data storage and processing equipment, electronic components, batteries, power generation, transmission and distribution machinery, and wireless communication machinery and equipment. The company was formerly known as Simplo Company, Ltd. and changed its name to Simplo Technology Co., Ltd. in September 1998. Simplo Technology Co., Ltd. was founded in 1981 and is headquartered in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Simplo Technology Co Ltd reported revenue of 82.1B TWD in FY2025 versus 95.6B TWD in FY2021, a compound −3.7%/yr. Reported net income was 5.7B TWD in FY2025, compounding −3.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
82.1B TWD
Latest YoY
+2.6%
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.
−4.9%
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.
−0.8%
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.
+4.4%
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.
+7.8% (2.3 + 5.5)
Revenue −3.7%/yr
FY21 95.6B TWD
FY22 95.6B TWD
FY23 84.8B TWD
FY24 80.0B TWD
FY25 82.1B TWD
Net income −3.0%/yr
FY21 6.4B TWD
FY22 7.2B TWD
FY23 5.7B TWD
FY24 5.3B TWD
FY25 5.7B TWD

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Cite: Fair Value Calculator (2026). "Simplo Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6121

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 62 · Top 25%
Fair Value upside +32% · Top 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 7% · Below median
Dividend yield (TTM) 5.5% · Top 25%

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

P/E (TTM) 13.0× · Cheaper than 75% of peers
P/B 1.92× · Cheaper than median
P/S (TTM) 0.89× · Cheaper than median
P/FCF 1.0× · Cheaper than 75% of peers
EV/EBITDA 4.6× · Cheaper than 75% of peers
PEG 0.88× · Cheaper 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
VALUE76 · sector 0
FUTURE33 · sector 56
PAST69 · sector 26
HEALTH0 · sector 97
DIVIDEND100 · sector 23

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

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 30, 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 Simplo Technology Co Ltd (6121) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of 524.35 TWD versus a price of 397.00 TWD, about +32% upside (undervalued).
What is the fair value of 6121?
Our model-based fair value for Simplo Technology Co Ltd is 524.35 TWD (as of Aug 30, 2026), built from audited fundamentals. The current price: 397.00 TWD.
What is the quality score of 6121?
Simplo Technology Co Ltd has a Quality Score of 62/100. 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 Simplo Technology Co Ltd (6121)?
Simplo Technology Co Ltd reported trailing-twelve-month revenue of about 82.2B TWD (latest available figure, as of Aug 30, 2026).
What is the net profit margin of 6121?
The net profit margin of Simplo Technology Co Ltd is about 6.7%, meaning it keeps roughly 6.7% of revenue as net income. Based on the latest reported figures.
Does Simplo Technology Co Ltd pay a dividend?
Simplo Technology Co Ltd currently shows a dividend yield of about 5.49% relative to its recent price (as of Aug 30, 2026).
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