ITE Tech Inc (3014) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of ITE Tech Inc stock TWD 120, price TWD 124, that is 3.0% below the price, quality 78 out of 100. Rating: fairly valued. 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 6, 2026.
How to read this chart
60‑month range 52.79 TWD – 184.00 TWD · fair‑value band 82.66 TWD – 168.63 TWD · the 123.50 TWD price screens above the 119.79 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow ITE Tech in your weekly email
Every Wednesday you see whether ITE Tech is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
ITE Tech. Inc engages in the design and development of PC and mobile phone controller chips in Taiwan, Asia, and internationally.
Show moreShow less
The company provides computer chipsets, super input/output integrated circuits, highly integrated circuits, integrated circuits and system products for RISC computers or computers, integrated circuits and system products for data communication, integrated circuits and system products for digital televisions, integrated circuits and module products for flash memory control.
It also offers integrated circuits and system products for multimedia applications, and integrated circuits and module products for analog circuit applications, as well as system and hardware/software integration services for the aforementioned products and import and export trade. ITE Tech.
Inc was founded in 1996 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
ITE Tech Inc (3014) currently trades at 123.50 TWD, while our model-based Fair Value estimate is 119.79 TWD, so the stock looks roughly fairly valued today (gap 3.1%).
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 222.23 TWD per share, and 17 of the 26 models we run sit above the 123.50 TWD price.
Bear case: the Asset-Based group reads lowest at 27.25 TWD, and 9 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 82.66 TWD (bear) to 168.63 TWD (bull), the price of 123.50 TWD sits inside 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 78/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
ITE Tech Inc reported revenue of 6.9B TWD in FY2025 versus 7.2B TWD in FY2021, a compound −0.8%/yr. Reported net income was 1.5B TWD in FY2025, compounding −4.0%/yr from FY2021.
Key figures
Market cap 20.1B TWD (≈ $612M) Small · P/E ratio 12.4 · P/S ratio 2.92 · EPS (TTM) 9.92 TWD · Dividend yield 6.9% · Net margin 23.9% · Return on equity 24.3% · Return on assets (EBIT) 21.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 87 out of 100 (medium confidence).
What moves the price
The share trades about 27% below its 52-week high and 11% 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 −3%, 3014 screens cheaper than that median.
Fair Value models
Bear82.66 TWDFair Value 119.79 TWDBull168.63 TWD
Price 123.50 TWD · Downside -3.0%
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 (1.21 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.
Best data coverage
FCF DCF116.84 TWD159.60 TWD215.61 TWD79
Growth DCF117.40 TWD154.51 TWD200.14 TWD77
Residual Income49.06 TWD59.72 TWD81.98 TWD76
All 26 models by family
DCF Models
FCF DCF116.84 TWD159.60 TWD215.61 TWD79
Owner Earnings107.19 TWD145.80 TWD196.38 TWD75
5Y Revenue Exit113.44 TWD166.10 TWD232.54 TWD70
5Y EBITDA Exit138.59 TWD213.00 TWD299.24 TWD72
5Y P/E Exit159.24 TWD251.52 TWD348.06 TWD68
10Y Revenue Exit111.24 TWD156.39 TWD215.66 TWD65
10Y EBITDA Exit128.15 TWD185.70 TWD261.42 TWD66
10Y P/E Exit140.02 TWD209.78 TWD294.91 TWD61
Earnings-Based
Graham-Dodd62.75 TWD193.62 TWD257.28 TWD65
Lynch FV41.85 TWD59.79 TWD77.73 TWD61
PEG = 1.041.85 TWD59.79 TWD77.73 TWD57
EPV87.23 TWD96.50 TWD104.19 TWD70
Dividend Discount
Gordon GGM68.39 TWD121.26 TWD164.65 TWD68
DDM Multi-Stage68.39 TWD105.19 TWD129.75 TWD67
Multiples
P/E Multiple193.77 TWD258.36 TWD322.95 TWD63
P/S Multiple117.65 TWD156.86 TWD196.08 TWD58
P/B Multiple72.59 TWD96.79 TWD120.99 TWD55
EV/EBIT212.84 TWD278.15 TWD343.46 TWD63
EV/EBITDA171.16 TWD222.58 TWD274.00 TWD64
EV/Revenue115.96 TWD158.41 TWD200.87 TWD51
Asset-Based
NCAV (Graham)17.99 TWD27.25 TWD34.06 TWD52
Growth DCF
Growth DCF117.40 TWD154.51 TWD200.14 TWD77
Rev-Margin DCF113.44 TWD166.68 TWD227.86 TWD70
Economic Profit
Residual Income49.06 TWD59.72 TWD81.98 TWD76
ROIC Compounder90.77 TWD104.72 TWD119.03 TWD70
Growth Earnings
Growth-Adj P/E155.56 TWD222.23 TWD288.90 TWD67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.7%
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.
+10.1%
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.
+7.6%
Start year 2020 (pandemic). Over 10 years: +8.5% a year
Revenue growth 23 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%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD ⓘ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. 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.
+17.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.2%
Dividend (yield on the price)6.9%
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.10.2% vs 14.8%, 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.23% → 26%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−2.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −3.8% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside−3.0% · Above median
Profitability
Return on equity (12 months)24.3% · Top 25%
Return on assets16.7% · Top 25%
Net margin (12 months)23.9% · Top 25%
Operating margin (12 months)28.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−4.6% · Bottom 25%
Dividend yield (12 months)6.9% · Top 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
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.
As of Nov 6, 2026, our model estimates a fair value of 119.79 TWD versus a price of 123.50 TWD, about 3% lower (fairly valued).
What is the fair value of 3014?
Our model-based fair value for ITE Tech Inc is 119.79 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 123.50 TWD.
What is the quality score of 3014?
ITE Tech Inc has a Quality Score of 78/100. 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 ITE Tech Inc (3014)?
Our model-based price target is the fair value of 119.79 TWD (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 82.66 TWD, optimistic scenario 168.63 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the ITE Tech Inc stock forecast for 2026?
Our models put fair value at 119.79 TWD, about 3% lower versus a price of 123.50 TWD (fairly valued). Cautious scenario 82.66 TWD, optimistic scenario 168.63 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of ITE Tech Inc (3014)?
ITE Tech Inc reported trailing-twelve-month revenue of about 6.9B TWD (latest available figure, as of Nov 6, 2026).
Does ITE Tech Inc pay a dividend?
ITE Tech Inc currently shows a dividend yield of 6.88% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of ITE Tech Inc (3014) and when is the ex-dividend date?
ITE Tech Inc pays a dividend of 8.50 TWD per share a year, a dividend yield of 6.9%. The last ex-dividend date was Jul 9, 2026. The payout ratio is 85.7% of earnings. Free cash flow covers the dividend 1.28 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into ITE Tech Inc (3014)?
For today's price to be fair in a discounted-cash-flow model, ITE Tech Inc would have to grow free cash flow by -2.3 % per year for five years (discount rate 11.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.6 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 3014 use?
Our models discount ITE Tech Inc at 11.3 %: a base by market capitalisation (small), damped by beta 0.84, 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 ITE Tech Inc that is -2.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.3 %) and the same formula as our fair value.
How much growth has ITE Tech Inc (3014) delivered so far?
Over the past 5 years revenue at ITE Tech Inc grew +7.6 % a year. The price currently implies free-cash-flow growth of -2.3 % 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 ITE Tech Inc (3014) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into ITE Tech Inc (-2.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ITE Tech Inc (3014)?
The free-cash-flow yield on the price is 8.87 %: that much free cash flow ITE Tech Inc produces per unit of market value. When it exceeds the discount rate of our models (11.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ITE Tech Inc (3014)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ITE Tech Inc it is 119.79 TWD per share (as of Nov 6, 2026), against a price of 123.50 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 ITE Tech Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 3014 trades above its calculated fair value: price 123.50 TWD, fair value 119.79 TWD, a gap of about −3% (fairly valued). 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 3014?
No. The price is what the market pays today (123.50 TWD); the fair value is what the company's own numbers justify (119.79 TWD). For ITE Tech Inc the two are 3.71 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is ITE Tech Inc worth?
The market values ITE Tech Inc at about 20.1B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 123.50 TWD; our models calculate a fair value of 119.79 TWD per share.
What do the bullish and bearish scenarios say about 3014?
Our models span a range for ITE Tech Inc: cautious scenario 82.66 TWD, base 119.79 TWD, optimistic 168.63 TWD per share (as of Nov 6, 2026, price 123.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3014?
ITE Tech Inc trades at a price-to-earnings ratio of 12.4 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 119.79 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 12.7. Other multiples: P/B 2.8, P/S 2.9, EV/EBITDA 9.0.
How solid is the balance sheet of ITE Tech Inc (3014)?
Balance-sheet figures for ITE Tech Inc (as of Nov 6, 2026): return on equity 24.3%. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is 3014 from its 52-week high?
ITE Tech Inc trades at 123.50 TWD, about 27% below its 52-week high of 168.50 TWD and 11% above the low of 111.50 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 119.79 TWD is for.
Which stocks are comparable to ITE Tech 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 ITE Tech Inc stock attractive at the current price?
The data as of Nov 6, 2026: price 123.50 TWD, calculated fair value 119.79 TWD (−3%), Quality Score 78/100, 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 3014 calculated?
We run ITE Tech 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 119.79 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 13.0% above its aggregate fair value. ITE Tech 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 ITE Tech Inc (3014)?
The closing price on Nov 6, 2026 was 123.50 TWD. Our model-based fair value is 119.79 TWD, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ITE Tech Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (82.66 TWD to 168.63 TWD) leaves room in how you read the outcome.
Where does the earnings growth of ITE Tech Inc (3014) come from?
Earnings per share at ITE Tech Inc grew +17.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.8 %, EBIT margin +7.6 %, tax rate +0.2 %, residual (interest, one-offs) +1.0 %. 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 ITE Tech Inc
How large is the market capitalisation of ITE Tech Inc (3014)?
The market capitalisation of ITE Tech Inc is 20.1B TWD (≈ $612M). 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 ITE Tech Inc (3014)?
The price-to-sales ratio of ITE Tech Inc is 2.92 (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 ITE Tech Inc (3014)?
Earnings per share at ITE Tech Inc are 9.92 TWD (price ÷ EPS = P/E 12.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ITE Tech Inc (3014)?
The dividend yield of ITE Tech Inc is 6.9% (payout 85.7%). 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 ITE Tech Inc (3014)?
The net margin of ITE Tech Inc is 23.9% (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 ITE Tech Inc (3014)?
The return on equity (ROE) of ITE Tech Inc is 24.3% (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 ITE Tech Inc (3014)?
On an EBIT basis the return on assets of ITE Tech Inc is 21.9% (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 ITE Tech Inc (3014)?
The operating margin of ITE Tech Inc is 28.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ITE Tech Inc (3014)?
Revenue at ITE Tech Inc is growing −4.6% versus a year earlier (3y avg +10.1%). 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 ITE Tech Inc (3014)?
Earnings per share at ITE Tech Inc are growing +27.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does ITE Tech Inc (3014) hold?
ITE Tech Inc holds more cash than debt, 2.8B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch ITE Tech Inc in the live analysis
One click puts ITE Tech Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 6, 2026