Compeq Manufacturing stock: fair value
2313.TWThe fair value of Compeq Manufacturing under our model is $3.85, the price is 55% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly overvaluedIn our model the price counts as cheap below $2.57 and expensive above $7.71 (uncertainty very high, based on the price swings of the past year).
The two parts of the fair value come to $1.87 (cash-flow model) and $5.84 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 10.6%. At 11.6% the fair value would be $3.73, at 9.6% it would be $4.01.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (31.5).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 10.6% (government bond yield 3.8% plus beta 1.36 times a risk premium of 5%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $1.87 per share: free cash flow for the next ten years, each year discounted to today at 10.6%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 10.6%) |
|---|---|---|---|---|
| 2026 | $153.89M | extrapolated at 4.5% | 0.9038 | $139.09M |
| 2027 | $160.56M | extrapolated at 4.3% | 0.8169 | $131.16M |
| 2028 | $167.27M | extrapolated at 4.2% | 0.7383 | $123.5M |
| 2029 | $174.08M | extrapolated at 4.1% | 0.6673 | $116.17M |
| 2030 | $181.05M | extrapolated at 4.0% | 0.6032 | $109.2M |
| 2031 | $188.2M | extrapolated at 4.0% | 0.5452 | $102.6M |
| 2032 | $195.57M | extrapolated at 3.9% | 0.4927 | $96.36M |
| 2033 | $203.17M | extrapolated at 3.9% | 0.4453 | $90.48M |
| 2034 | $211.04M | extrapolated at 3.9% | 0.4025 | $84.95M |
| 2035 | $219.18M | extrapolated at 3.9% | 0.3638 | $79.74M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.07B |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (10.6% − 3.8%) | $3.34B |
| Present value of terminal value (× 0.3638) | $1.22B |
| Equity value (sum plus present value of terminal value) | $2.29B |
| Shares (diluted) | 1.22B |
| Value per share (equity value divided by shares) | $1.87 |
| Earnings per share, last twelve months | $0.19 |
| × 31.5 (industry P/E) | $5.84 |
| Fair value (average of both parts) | $3.85 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = NT$32.8500)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 18 Sep 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.