Megaforce Co Ltd (3294) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Megaforce Co Ltd stock TWD 21.26, price TWD 23.50, that is 9.5% below the price, quality 42 out of 100. Rating: overvalued. Calculated from audited financials with 2 of our 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 15.80 TWD – 59.00 TWD · fair‑value band 17.32 TWD – 25.20 TWD · the 23.50 TWD price screens above the 21.26 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Megaforce Company Limited, together with its subsidiaries, engaged in the manufacture and sales of plastic injection mold, tooling, and general import and export trade in Asia, the Americas, and Europe. The company also offers photoelectric, optoelectronics, and AI application products.
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It engages in plastic components and precise molds; AR and optical technology development; product and commodity buying and selling; optical component manufacturing; medical device manufacturing and sales; and electronic plastic product coating business.
Megaforce Company Limited was incorporated in 1991 and is based in New Taipei City, Taiwan.
Stock analysis
Megaforce Co Ltd (3294) currently trades at 23.50 TWD, while our model-based Fair Value estimate is 21.26 TWD, 10% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 93/100, which puts the data coverage at low.
Scenario range: 17.32 TWD (bear) to 25.20 TWD (bull), the price of 23.50 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 42/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Megaforce Co Ltd reported revenue of 3.6B TWD in FY2025 versus 5.3B TWD in FY2021, a compound −9.5%/yr. Reported net income was −64.4M TWD in FY2025.
Key figures
Market cap 3.2B TWD (≈ $96.3M) Micro · P/S ratio 1.14 · EPS (TTM) 0.0100 TWD · Dividend yield 1.3% · Net margin 0.0% · Return on equity −0.8% · Return on assets (EBIT) 0.4% (5-year average) · Operating margin −9.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (medium confidence).
What moves the price
The share trades about 46% below its 52-week high and at 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 −10%, 3294 screens richer than that median.
Fair Value models
Bear17.32 TWDFair Value 21.26 TWDBull25.20 TWD
Price 23.50 TWD · Downside -9.5%
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 (0.0086 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.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−17.2%
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.
−9.6%
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.
−6.9%
Start year 2020 (pandemic)
Revenue growth 8 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.
−5.0%
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Profit margin (trend) ⓘ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.
4.1% (2020) → −1.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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 · 653 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−9.5% · Above median
Profitability
Return on assets−1.3% · Bottom 25%
Net margin (12 months)0.0% · Bottom 25%
Operating margin (12 months)−9.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−14.3% · Bottom 25%
Dividend yield (12 months)1.3% · Below median
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Megaforce Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3294
Frequently asked questions
Is Megaforce Co Ltd (3294) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 21.26 TWD versus a price of 23.50 TWD, about 10% lower (overvalued).
What is the fair value of 3294?
Our model-based fair value for Megaforce Co Ltd is 21.26 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 23.50 TWD.
What is the quality score of 3294?
Megaforce Co Ltd has a Quality Score of 42/100. 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 Megaforce Co Ltd (3294)?
Our model-based price target is the fair value of 21.26 TWD (as of Nov 6, 2026) from 2 valuation models. Cautious scenario 17.32 TWD, optimistic scenario 25.20 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Megaforce Co Ltd stock forecast for 2026?
Our models put fair value at 21.26 TWD, about 10% lower versus a price of 23.50 TWD (overvalued). Cautious scenario 17.32 TWD, optimistic scenario 25.20 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Megaforce Co Ltd (3294)?
Megaforce Co Ltd reported trailing-twelve-month revenue of about 3.4B TWD (latest available figure, as of Nov 6, 2026).
Does Megaforce Co Ltd pay a dividend?
Megaforce Co Ltd currently shows a dividend yield of 1.28% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Megaforce Co Ltd (3294)?
Megaforce Co Ltd has a dividend yield of 1.3%.
What is the intrinsic value of Megaforce Co Ltd (3294)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Megaforce Co Ltd it is 21.26 TWD per share (as of Nov 6, 2026), against a price of 23.50 TWD. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Megaforce Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 3294 trades above its calculated fair value: price 23.50 TWD, fair value 21.26 TWD, a gap of about −10% (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 3294?
No. The price is what the market pays today (23.50 TWD); the fair value is what the company's own numbers justify (21.26 TWD). For Megaforce Co Ltd the two are 2.24 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Megaforce Co Ltd worth?
The market values Megaforce Co Ltd at about 3.2B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 23.50 TWD; our models calculate a fair value of 21.26 TWD per share.
What do the bullish and bearish scenarios say about 3294?
Our models span a range for Megaforce Co Ltd: cautious scenario 17.32 TWD, base 21.26 TWD, optimistic 25.20 TWD per share (as of Nov 6, 2026, price 23.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Megaforce Co Ltd (3294)?
Balance-sheet figures for Megaforce Co Ltd (as of Nov 6, 2026): return on equity −0.8%, debt of 0.09 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 3294 from its 52-week high?
Megaforce Co Ltd trades at 23.50 TWD, about 46% below its 52-week high of 43.75 TWD and at the low of 23.50 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 21.26 TWD is for.
Which stocks are comparable to Megaforce Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, 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 Megaforce Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 23.50 TWD, calculated fair value 21.26 TWD (−10%), Quality Score 42/100, from 2 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 3294 calculated?
We run Megaforce Co Ltd through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of 21.26 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. Megaforce Co Ltd 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 Megaforce Co Ltd (3294)?
The closing price on Nov 6, 2026 was 23.50 TWD. Our model-based fair value is 21.26 TWD, about 10% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Megaforce Co Ltd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Megaforce Co Ltd
How large is the market capitalisation of Megaforce Co Ltd (3294)?
The market capitalisation of Megaforce Co Ltd is 3.2B TWD (≈ $96.3M). 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 Megaforce Co Ltd (3294)?
The price-to-sales ratio of Megaforce Co Ltd is 1.14 (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 Megaforce Co Ltd (3294)?
Earnings per share at Megaforce Co Ltd are 0.0100 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Megaforce Co Ltd (3294)?
The dividend yield of Megaforce Co Ltd is 1.3%. 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 Megaforce Co Ltd (3294)?
The net margin of Megaforce Co Ltd is 0.0% (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 Megaforce Co Ltd (3294)?
The return on equity (ROE) of Megaforce Co Ltd is −0.8% (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 Megaforce Co Ltd (3294)?
On an EBIT basis the return on assets of Megaforce Co Ltd is 0.4% (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 Megaforce Co Ltd (3294)?
The operating margin of Megaforce Co Ltd is −9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Megaforce Co Ltd (3294)?
Revenue at Megaforce Co Ltd is growing −14.3% versus a year earlier (3y avg −9.6%). 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 Megaforce Co Ltd (3294)?
Earnings per share at Megaforce Co Ltd are growing −67.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Megaforce Co Ltd (3294) generate?
The free cash flow of Megaforce Co Ltd is −198M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Megaforce Co Ltd (3294) hold?
Megaforce Co Ltd holds more cash than debt, 726M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 6, 2026