6923:TSEStanley Electric Co., Ltd. Analysis
Data as of 2026-03-15 - not real-time
NT$85.80
Latest Price
7/10Risk
Risk Level: Medium
Executive Summary
Price weakness: The stock trades at 85.8 TWD, well under its 20‑day (90.6), 50‑day (96.2) and 200‑day (95.7) SMAs, signalling a bearish bias. Technical momentum is also negative – RSI sits at 35.9 (near oversold) but the MACD line (-2.92) is below its signal (-2.67) with a bearish histogram.
Fundamental strain: Valuation appears stretched; the DCF fair value is only 31.3 TWD versus the market price, and the PE (29.8x) exceeds the industry average (29.1x). The dividend yield looks attractive at 4.68% but the payout ratio is 139%, making the dividend unsustainable. Free cash flow is negative and revenue is contracting (-6.4%). Combined with a moderate debt‑to‑equity (47%) and high 30‑day volatility (≈29%), the risk profile is tilted toward caution.
Fundamental strain: Valuation appears stretched; the DCF fair value is only 31.3 TWD versus the market price, and the PE (29.8x) exceeds the industry average (29.1x). The dividend yield looks attractive at 4.68% but the payout ratio is 139%, making the dividend unsustainable. Free cash flow is negative and revenue is contracting (-6.4%). Combined with a moderate debt‑to‑equity (47%) and high 30‑day volatility (≈29%), the risk profile is tilted toward caution.
Market Outlook
Short Term
< 1 yearCautious
Model confidence: 6/10
Key Factors
- Price below all major SMAs
- Bearish MACD signal
- DCF valuation far below market price
Medium Term
1–3 yearsNeutral
Model confidence: 5/10
Key Factors
- High dividend yield but unsustainable payout
- Negative free cash flow and shrinking revenue
- Increasing volume indicating some buying interest
Long Term
> 3 yearsCautious
Model confidence: 7/10
Key Factors
- Fundamental overvaluation relative to DCF
- Exposure to tightening environmental regulations
- Lack of growth prospects and weak cash generation
Key Metrics & Analysis
Financial Health
Revenue Growth-6.40%
Profit Margin24.05%
P/E Ratio29.8
ROE10.42%
ROA5.22%
Debt/Equity47.19
P/B Ratio3.0
Op. Cash FlowNT$418.0M
Free Cash FlowNT$-22908000
Industry P/E29.1
Technical Analysis
TrendNeutral
RSI35.9
SupportNT$84.80
ResistanceNT$95.50
MA 20NT$90.63
MA 50NT$96.16
MA 200NT$95.71
MACDBearish
VolumeIncreasing
Fear & Greed Index72.88
Valuation
Fair ValueNT$31.29
GradeOvervalued
TypeBlend
Dividend Yield4.68%
Risk Assessment
Beta0.47
Volatility29.31%
Sector RiskMedium
Reg. RiskHigh
Geo RiskMedium
Currency RiskLow
Liquidity RiskLow
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.