Weltrend Semiconductor Inc (2436) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Weltrend Semiconductor Inc stock TWD 26.34, price TWD 53.80, that is 51.0% below the price, quality 60 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 36.14 TWD – 101.89 TWD · fair‑value band 18.62 TWD – 36.31 TWD · the 53.80 TWD price screens above the 26.34 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Weltrend Semiconductor, Inc., a fabless semiconductor company, plans, designs, tests, develops, and distributes integrated circuit (IC) products in Taiwan, Mainland China, and internationally.
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The company researches, develops, produces, tests and sells digital and analog hybrid application-specific integrated circuits, digital and analog integrated circuits. It also imports and exports electronic parts. The company was founded in 1978 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Weltrend Semiconductor Inc (2436) currently trades at 53.80 TWD, while our model-based Fair Value estimate is 26.34 TWD, 51% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 62.15 TWD per share, and 3 of the 26 models we run sit above the 53.80 TWD price.
Bear case: the Asset-Based group reads lowest at 13.21 TWD, and 23 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 18.62 TWD (bear) to 36.31 TWD (bull), the price of 53.80 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Weltrend Semiconductor Inc reported revenue of 3.6B TWD in FY2025 versus 3.6B TWD in FY2021, a compound −0.2%/yr. Reported net income was 551M TWD in FY2025, compounding −7.5%/yr from FY2021.
Key figures
Market cap 10.9B TWD (≈ $332M) Small · P/E ratio 10.4 · P/S ratio 2.69 · EPS (TTM) 5.19 TWD · Dividend yield 3.7% · Net margin 27.1% · Return on equity 26.3% · Return on assets (EBIT) 5.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (medium confidence).
What moves the price
The share trades about 33% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −51%, 2436 screens richer than that median.
Fair Value models
Bear18.62 TWDFair Value 26.34 TWDBull36.31 TWD
Price 53.80 TWD · Downside -51.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2.74 TWD per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+15.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.4%
Start year 2020 (pandemic). Over 10 years: +7.2% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+2.9%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+12.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.9%
Dividend (yield on the price)3.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.8.9% vs 14.0%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14% → 7%
2025 sits 158% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+35.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +33.5% a year for the price.
Compare Weltrend Semiconductor Inc with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Semiconductors · 370 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−51.0% · Below median
Profitability
Return on equity (12 months)26.3% · Top 25%
Return on assets9.0% · Top 25%
Net margin (12 months)27.1% · Top 25%
Operating margin (12 months)10.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)24.9% · Above median
Dividend yield (12 months)3.7% · Top 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)10.4× · Cheapest 25%
P/B2.63× · Cheaper than median
P/S (12 months)2.69× · Cheaper than median
Price / free cash flow (fiscal year)62.0× · Pricier than median
EV/EBITDA21.7× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 100
PAST (return on equity)100· sector 27
HEALTH (low debt)100· sector 96
DIVIDEND (yield)74· sector 20
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Weltrend Semiconductor Inc (2436) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 26.34 TWD versus a price of 53.80 TWD, about 51% lower (overvalued).
What is the fair value of 2436?
Our model-based fair value for Weltrend Semiconductor Inc is 26.34 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 53.80 TWD.
What is the quality score of 2436?
Weltrend Semiconductor Inc has a Quality Score of 60/100. 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 price target for Weltrend Semiconductor Inc (2436)?
Our model-based price target is the fair value of 26.34 TWD (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 18.62 TWD, optimistic scenario 36.31 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Weltrend Semiconductor Inc stock forecast for 2026?
Our models put fair value at 26.34 TWD, about 51% lower versus a price of 53.80 TWD (overvalued). Cautious scenario 18.62 TWD, optimistic scenario 36.31 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Weltrend Semiconductor Inc (2436)?
Weltrend Semiconductor Inc reported trailing-twelve-month revenue of about 4.1B TWD (latest available figure, as of Nov 8, 2026).
Does Weltrend Semiconductor Inc pay a dividend?
Weltrend Semiconductor Inc currently shows a dividend yield of 3.72% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Weltrend Semiconductor Inc (2436) and when is the ex-dividend date?
Weltrend Semiconductor Inc pays a dividend of 2.00 TWD per share a year, a dividend yield of 3.7%. The last ex-dividend date was Jun 30, 2026. The payout ratio is 38.5% of earnings. Free cash flow covers the dividend 0.43 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Weltrend Semiconductor Inc (2436)?
For today's price to be fair in a discounted-cash-flow model, Weltrend Semiconductor Inc would have to grow free cash flow by +35.7 % per year for five years (discount rate 12.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 2436 use?
Our models discount Weltrend Semiconductor Inc at 12.3 %: a base by market capitalisation (small), damped by beta 1.18, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Weltrend Semiconductor Inc that is +35.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.3 %) and the same formula as our fair value.
How much growth has Weltrend Semiconductor Inc (2436) delivered so far?
Over the past 5 years revenue at Weltrend Semiconductor Inc grew +6.4 % a year. The price currently implies free-cash-flow growth of +35.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Weltrend Semiconductor Inc (2436) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Weltrend Semiconductor Inc (+35.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Weltrend Semiconductor Inc (2436)?
The free-cash-flow yield on the price is 1.65 %: that much free cash flow Weltrend Semiconductor Inc produces per unit of market value. When it exceeds the discount rate of our models (12.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Weltrend Semiconductor Inc (2436)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Weltrend Semiconductor Inc it is 26.34 TWD per share (as of Nov 8, 2026), against a price of 53.80 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Weltrend Semiconductor Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 2436 trades above its calculated fair value: price 53.80 TWD, fair value 26.34 TWD, a gap of about −51% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2436?
No. The price is what the market pays today (53.80 TWD); the fair value is what the company's own numbers justify (26.34 TWD). For Weltrend Semiconductor Inc the two are 27.46 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Weltrend Semiconductor Inc worth?
The market values Weltrend Semiconductor Inc at about 10.9B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 53.80 TWD; our models calculate a fair value of 26.34 TWD per share.
What do the bullish and bearish scenarios say about 2436?
Our models span a range for Weltrend Semiconductor Inc: cautious scenario 18.62 TWD, base 26.34 TWD, optimistic 36.31 TWD per share (as of Nov 8, 2026, price 53.80 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2436?
Weltrend Semiconductor Inc trades at a price-to-earnings ratio of 10.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 26.34 TWD is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 25.9. Other multiples: P/B 2.6, P/S 2.7, EV/EBITDA 21.7.
How solid is the balance sheet of Weltrend Semiconductor Inc (2436)?
Balance-sheet figures for Weltrend Semiconductor Inc (as of Nov 8, 2026): return on equity 26.3%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 2436 from its 52-week high?
Weltrend Semiconductor Inc trades at 53.80 TWD, about 33% below its 52-week high of 80.50 TWD and 25% above the low of 43.15 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 26.34 TWD is for.
Which stocks are comparable to Weltrend Semiconductor Inc?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Weltrend Semiconductor Inc stock attractive at the current price?
The data as of Nov 8, 2026: price 53.80 TWD, calculated fair value 26.34 TWD (−51%), Quality Score 60/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2436 calculated?
We run Weltrend Semiconductor Inc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 26.34 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Weltrend Semiconductor Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Weltrend Semiconductor Inc (2436)?
The closing price on Nov 9, 2026 was 53.80 TWD. Our model-based fair value is 26.34 TWD, about 51% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Weltrend Semiconductor Inc right now?
The price sits above even our optimistic bull case (36.31 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (18.62 TWD to 36.31 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Weltrend Semiconductor Inc (2436) come from?
Earnings per share at Weltrend Semiconductor Inc grew +11.3 % a year from 2015 to 2025. Broken into its drivers: revenue per share +5.5 %, EBIT margin +10.0 %, tax rate +0.4 %, residual (interest, one-offs) −4.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Weltrend Semiconductor Inc
How large is the market capitalisation of Weltrend Semiconductor Inc (2436)?
The market capitalisation of Weltrend Semiconductor Inc is 10.9B TWD (≈ $332M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Weltrend Semiconductor Inc (2436)?
The price-to-sales ratio of Weltrend Semiconductor Inc is 2.69 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Weltrend Semiconductor Inc (2436)?
Earnings per share at Weltrend Semiconductor Inc are 5.19 TWD (price ÷ EPS = P/E 10.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Weltrend Semiconductor Inc (2436)?
The dividend yield of Weltrend Semiconductor Inc is 3.7% (payout 38.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Weltrend Semiconductor Inc (2436)?
The net margin of Weltrend Semiconductor Inc is 27.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Weltrend Semiconductor Inc (2436)?
The return on equity (ROE) of Weltrend Semiconductor Inc is 26.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Weltrend Semiconductor Inc (2436)?
On an EBIT basis the return on assets of Weltrend Semiconductor Inc is 5.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Weltrend Semiconductor Inc (2436)?
The operating margin of Weltrend Semiconductor Inc is 10.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Weltrend Semiconductor Inc (2436)?
Revenue at Weltrend Semiconductor Inc is growing +24.9% versus a year earlier (3y avg +7.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Weltrend Semiconductor Inc (2436)?
Earnings per share at Weltrend Semiconductor Inc are growing +13.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Weltrend Semiconductor Inc (2436) hold?
Weltrend Semiconductor Inc holds more cash than debt, 64.9M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026