WT Microelectronics Co Ltd (3036) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of WT Microelectronics Co Ltd stock TWD 311, price TWD 195, upside +59.7%, quality 36 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range 44.34 TWD – 301.50 TWD · fair‑value band 206.36 TWD – 404.86 TWD · the 195.00 TWD price screens below the 311.44 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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WT Microelectronics Co., Ltd., together with its subsidiaries, provides electronic component distribution services in the United States, Taiwan, Mainland China, and internationally.
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The company also provides professional supply chain management; value-added technical support; component application; and product development timeline facilitation services.
Its products are used in various fields, such as automotive electronics, industrial and instrument, communication, datacenter and server, consumer electronics, PC and peripherals, and mobile phones. WT Microelectronics Co., Ltd. was founded in 1993 and is headquartered in New Taipei City, Taiwan.
Stock analysis
WT Microelectronics Co Ltd (3036) currently trades at 195.00 TWD, while our model-based Fair Value estimate is 311.44 TWD, implying the stock looks roughly 37% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 449.81 TWD per share, and 18 of the 26 models we run sit above the 195.00 TWD price.
Bear case: the Asset-Based group reads lowest at 42.64 TWD, and 8 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 206.36 TWD (bear) to 404.86 TWD (bull), the price of 195.00 TWD sits below 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 36/100 (below-average quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
WT Microelectronics Co Ltd reported revenue of 1.2T TWD in FY2025 versus 448B TWD in FY2021, a compound +27.3%/yr. Reported net income was 13.5B TWD in FY2025, compounding +14.3%/yr from FY2021.
Key figures
Market cap 262B TWD (≈ $7.9B) Mid · P/E ratio 10.2 · P/S ratio 0.15 · EPS (TTM) 19.19 TWD · Dividend yield 4.0% · Net margin 1.4% · Return on equity 24.2% · Return on assets (EBIT) 4.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 49% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −24% fair-value upside, at 60%, 3036 screens cheaper than that median.
Fair Value models
Bear206.36 TWDFair Value 311.44 TWDBull404.86 TWD
Price 195.00 TWD · Upside +59.7%
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 (9.67 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
Residual Income84.95 TWD98.20 TWD130.74 TWD76
FCF DCF265.94 TWD421.38 TWD916.47 TWD75
EPV122.95 TWD144.27 TWD162.93 TWD74
All 26 models by family
DCF Models
FCF DCF265.94 TWD421.38 TWD916.47 TWD75
Owner Earnings218.49 TWD503.63 TWD1,102 TWD70
5Y Revenue Exit185.88 TWD327.19 TWD613.33 TWD69
5Y EBITDA Exit244.91 TWD449.81 TWD839.99 TWD71
5Y P/E Exit232.65 TWD503.09 TWD862.21 TWD68
10Y Revenue Exit202.59 TWD422.69 TWD601.44 TWD66
10Y EBITDA Exit251.60 TWD543.60 TWD1,088 TWD64
10Y P/E Exit242.78 TWD518.50 TWD1,002 TWD60
Earnings-Based
Graham-Dodd72.49 TWD505.50 TWD709.40 TWD63
Lynch FV172.22 TWD246.02 TWD319.83 TWD61
PEG = 1.0172.22 TWD246.02 TWD319.83 TWD57
EPV122.95 TWD144.27 TWD162.93 TWD74
Dividend Discount
Gordon GGM50.59 TWD105.24 TWD167.03 TWD66
DDM Multi-Stage50.59 TWD88.71 TWD110.44 TWD66
Multiples
P/E Multiple223.85 TWD298.47 TWD373.09 TWD63
P/S Multiple135.91 TWD181.21 TWD226.52 TWD58
P/B Multiple79.53 TWD106.04 TWD132.54 TWD55
EV/EBIT261.60 TWD360.21 TWD458.83 TWD66
EV/EBITDA206.28 TWD286.46 TWD366.63 TWD67
EV/Revenue115.33 TWD179.42 TWD243.52 TWD53
Asset-Based
NCAV (Graham)28.14 TWD42.64 TWD53.30 TWD54
Growth DCF
Growth DCF249.85 TWD469.15 TWD912.57 TWD74
Rev-Margin DCF185.88 TWD375.07 TWD669.96 TWD69
Economic Profit
Residual Income84.95 TWD98.20 TWD130.74 TWD76
ROIC Compounder149.67 TWD220.38 TWD275.49 TWD72
Growth Earnings
Growth-Adj P/E256.48 TWD366.40 TWD476.31 TWD67
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+22.8%
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.
+27.3%
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.
+27.2%
Start year 2020 (pandemic). Over 10 years: +26.4% 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.
+22.8%
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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. Basis: EBIT basis. 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.
+20.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.2%
Dividend (yield on the price)4.0%
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.18.7% vs 10.8%, picking up
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.2% → 2%
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 and less than analysts expect.
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).
+6.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+36.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +4.6% a year for the price and +34.0% for the forecasts.
Compare WT Microelectronics Co Ltd 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.Electronic Components · 650 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside+59.7% · Top 25%
Profitability
Return on equity (12 months)24.2% · Top 25%
Return on assets2.6% · Below median
Net margin (12 months)1.4% · Below median
Operating margin (12 months)2.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)127.6% · Top 25%
Dividend yield (12 months)4.0% · Top 25%
Balance sheet
Debt / equity0.29× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)10.2× · Cheapest 25%
P/B2.23× · Pricier than median
P/S (12 months)0.15× · Cheapest 25%
Price / free cash flow (fiscal year)16.1× · Cheaper than median
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.
Cite: Fair Value Calculator (2026). "WT Microelectronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3036
Frequently asked questions
Is WT Microelectronics Co Ltd (3036) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of 311.44 TWD versus a price of 195.00 TWD, about +60% upside (undervalued).
What is the fair value of 3036?
Our model-based fair value for WT Microelectronics Co Ltd is 311.44 TWD (as of Nov 1, 2026), built from audited fundamentals. The current price: 195.00 TWD.
What is the quality score of 3036?
WT Microelectronics Co Ltd has a Quality Score of 36/100. 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 WT Microelectronics Co Ltd (3036)?
Our model-based price target is the fair value of 311.44 TWD (as of Nov 1, 2026) from 26 valuation models. Cautious scenario 206.36 TWD, optimistic scenario 404.86 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the WT Microelectronics Co Ltd stock forecast for 2026?
Our models put fair value at 311.44 TWD, about +60% upside versus a price of 195.00 TWD (undervalued). Cautious scenario 206.36 TWD, optimistic scenario 404.86 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of WT Microelectronics Co Ltd (3036)?
WT Microelectronics Co Ltd reported trailing-twelve-month revenue of about 1.8T TWD (latest available figure, as of Nov 1, 2026).
Does WT Microelectronics Co Ltd pay a dividend?
WT Microelectronics Co Ltd currently shows a dividend yield of 4.00% relative to its recent price (as of Nov 1, 2026).
What growth is priced into WT Microelectronics Co Ltd (3036)?
For today's price to be fair in a discounted-cash-flow model, WT Microelectronics Co Ltd would have to grow free cash flow by +6.3 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.2 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of 3036 use?
Our models discount WT Microelectronics Co Ltd at 9.0 %: a base by market capitalisation (mid), damped by beta 0.25, 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 WT Microelectronics Co Ltd that is +6.3 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has WT Microelectronics Co Ltd (3036) delivered so far?
Over the past 5 years revenue at WT Microelectronics Co Ltd grew +27.2 % a year. The price currently implies +6.3 % per year free-cash-flow growth a 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 WT Microelectronics Co Ltd (3036) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into WT Microelectronics Co Ltd (+6.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of WT Microelectronics Co Ltd (3036)?
The free-cash-flow yield on the price is 6.23 %: that much free cash flow WT Microelectronics Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of WT Microelectronics Co Ltd (3036)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WT Microelectronics Co Ltd it is 311.44 TWD per share (as of Nov 1, 2026), against a price of 195.00 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is WT Microelectronics Co Ltd stock overvalued or undervalued in 2026?
As of Nov 1, 2026, 3036 trades below its calculated fair value: price 195.00 TWD, fair value 311.44 TWD, a gap of about +60% (undervalued). 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 3036?
No. The price is what the market pays today (195.00 TWD); the fair value is what the company's own numbers justify (311.44 TWD). For WT Microelectronics Co Ltd the two are 116.44 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is WT Microelectronics Co Ltd worth?
The market values WT Microelectronics Co Ltd at about 262B TWD (market capitalisation, as of Nov 1, 2026). Per share that is 195.00 TWD; our models calculate a fair value of 311.44 TWD per share.
What do the bullish and bearish scenarios say about 3036?
Our models span a range for WT Microelectronics Co Ltd: cautious scenario 206.36 TWD, base 311.44 TWD, optimistic 404.86 TWD per share (as of Nov 1, 2026, price 195.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3036?
WT Microelectronics Co Ltd trades at a price-to-earnings ratio of 10.2 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 311.44 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 9.8. Other multiples: P/B 2.2, P/S 0.1, EV/EBITDA 7.6.
How solid is the balance sheet of WT Microelectronics Co Ltd (3036)?
Balance-sheet figures for WT Microelectronics Co Ltd (as of Nov 1, 2026): return on equity 24.2%, debt of 0.29 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 3036 from its 52-week high?
WT Microelectronics Co Ltd trades at 195.00 TWD, about 35% below its 52-week high of 301.50 TWD and 49% above the low of 130.50 TWD (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 311.44 TWD is for.
Which stocks are comparable to WT Microelectronics Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Corning Incorporated, Delta Electronics, Inc, Samsung Electro-Mechanics Co, 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 WT Microelectronics Co Ltd stock attractive at the current price?
The data as of Nov 1, 2026: price 195.00 TWD, calculated fair value 311.44 TWD (+60%), Quality Score 36/100, 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 3036 calculated?
We run WT Microelectronics Co Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 311.44 TWD, 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 15.5% above its aggregate fair value. WT Microelectronics Co Ltd currently trades 37% below its own fair value, and the market average says nothing about that. 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 WT Microelectronics Co Ltd (3036)?
The closing price on Nov 5, 2026 was 195.00 TWD. Our model-based fair value is 311.44 TWD, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WT Microelectronics Co Ltd right now?
The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (206.36 TWD). The market is more pessimistic than our downside scenario. A fairly wide model range (206.36 TWD to 404.86 TWD) leaves room in how you read the outcome.
Where does the earnings growth of WT Microelectronics Co Ltd (3036) come from?
Earnings per share at WT Microelectronics Co Ltd grew +8.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +14.1 %, EBIT margin −2.4 %, tax rate −0.8 %, residual (interest, one-offs) −1.7 %. 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 WT Microelectronics Co Ltd
How large is the market capitalisation of WT Microelectronics Co Ltd (3036)?
The market capitalisation of WT Microelectronics Co Ltd is 262B TWD (≈ $7.9B). 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 WT Microelectronics Co Ltd (3036)?
The price-to-sales ratio of WT Microelectronics Co Ltd is 0.15 (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 WT Microelectronics Co Ltd (3036)?
Earnings per share at WT Microelectronics Co Ltd are 19.19 TWD (price ÷ EPS = P/E 10.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of WT Microelectronics Co Ltd (3036)?
The dividend yield of WT Microelectronics Co Ltd is 4.0% (payout 40.6%). 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 WT Microelectronics Co Ltd (3036)?
The net margin of WT Microelectronics Co Ltd is 1.4% (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 WT Microelectronics Co Ltd (3036)?
The return on equity (ROE) of WT Microelectronics Co Ltd is 24.2% (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 WT Microelectronics Co Ltd (3036)?
On an EBIT basis the return on assets of WT Microelectronics Co Ltd is 4.6% (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 WT Microelectronics Co Ltd (3036)?
The operating margin of WT Microelectronics Co Ltd is 2.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WT Microelectronics Co Ltd (3036)?
Revenue at WT Microelectronics Co Ltd is growing +128% versus a year earlier (3y avg +27.3%). 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 WT Microelectronics Co Ltd (3036)?
Earnings per share at WT Microelectronics Co Ltd are growing +221% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does WT Microelectronics Co Ltd (3036) carry?
The net debt of WT Microelectronics Co Ltd is 43.5B TWD (fiscal year 2025, ≈ 2.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 1, 2026