Macroblock (3527) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Macroblock stock TWD 67.10, price TWD 42.55, upside +57.7%, quality 60 out of 100. Rating: strongly undervalued. Calculated from audited financials with 8 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 9, 2026.
How to read this chart
60‑month range 42.55 TWD – 246.65 TWD · fair‑value band 58.08 TWD – 76.96 TWD · the 42.55 TWD price screens below the 67.10 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Macroblock, Inc. engages in the research and development, manufacture, testing, and sale of LED driver integrated circuits in China, the United States, Europe, Taiwan, Asia, and internationally. The company operates through Integrated Circuits, Controllers, Drivers, and Other segments.
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It offers automotive lighting and display, local dimming backlight, RGB lighting, DC/DC controller and converter, and linear regulator LED lighting driver integrated circuits.
The company also provides IOT technology solutions, such as facial recognition, business intelligence analytics, and content management systems for shopping mall, retail, and supermarket sectors.
In addition, it offers comprehensive module solutions, comprising micro-LED and mini-LED basics, and Vantamini; and LED display and lighting technologies. Macroblock, Inc. was founded in 1988 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Macroblock (3527) currently trades at 42.55 TWD, while our model-based Fair Value estimate is 67.10 TWD, implying the stock looks roughly 37% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 82.61 TWD per share, and 6 of the 8 models we run sit above the 42.55 TWD price.
Bear case: the Asset-Based group reads lowest at 42.35 TWD, and 2 of the 8 models stay below the price. Data coverage for this calculation is low.
Scenario range: 58.08 TWD (bear) to 76.96 TWD (bull), the price of 42.55 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 60/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Macroblock reported revenue of 1.4B TWD in FY2025 versus 3.2B TWD in FY2021, a compound −17.8%/yr. Reported net income was −81.8M TWD in FY2025.
Key figures
Market cap 1.9B TWD (≈ $58.1M) Micro · P/S ratio 1.49 · EPS (TTM) −0.7800 TWD · Dividend yield 2.4% · Net margin −2.5% · Return on equity −1.6% · Return on assets (EBIT) 3.3% (5-year average) · Operating margin 1.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).
What moves the price
The share trades about 40% 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 58%, 3527 screens cheaper than that median.
Fair Value models
Bear58.08 TWDFair Value 67.10 TWDBull76.96 TWD
Price 42.55 TWD · Upside +57.7%
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.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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−19.2%
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.
−17.0%
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.
−5.3%
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.
−7.6%
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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.
1.1% (2020) → −8.9% (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
not computed
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).
−17.0%
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 −18.3% a year for the price.
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 · 369 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+57.7% · Top 25%
Profitability
Return on assets−3.2% · Bottom 25%
Net margin (12 months)−2.5% · Bottom 25%
Operating margin (12 months)1.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)4.4% · Below median
Dividend yield (12 months)2.4% · Above median
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.
Cite: Fair Value Calculator (2026). "Macroblock Fair Value". https://www.fairvalue-calculator.com/stock/3527
Frequently asked questions
Is Macroblock (3527) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 67.10 TWD versus a price of 42.55 TWD, about +58% upside (undervalued).
What is the fair value of 3527?
Our model-based fair value for Macroblock is 67.10 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 42.55 TWD.
What is the quality score of 3527?
Macroblock 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 Macroblock (3527)?
Our model-based price target is the fair value of 67.10 TWD (as of Nov 9, 2026) from 8 valuation models. Cautious scenario 58.08 TWD, optimistic scenario 76.96 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Macroblock stock forecast for 2026?
Our models put fair value at 67.10 TWD, about +58% upside versus a price of 42.55 TWD (undervalued). Cautious scenario 58.08 TWD, optimistic scenario 76.96 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Macroblock (3527)?
Macroblock reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Nov 9, 2026).
Does Macroblock pay a dividend?
Macroblock currently shows a dividend yield of 2.35% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Macroblock (3527) and when is the ex-dividend date?
Macroblock pays a dividend of 1.00 TWD per share a year, a dividend yield of 2.4%. The last ex-dividend date was Jul 29, 2026. A dividend has been paid every year since at least 2008. Free cash flow covers the dividend 4.26 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Macroblock (3527)?
For today's price to be fair in a discounted-cash-flow model, Macroblock would have to grow free cash flow by -17.0 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.3 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 3527 use?
Our models discount Macroblock at 12.9 %: a base by market capitalisation (micro), damped by beta 0.88, 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 Macroblock that is -17.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has Macroblock (3527) delivered so far?
Over the past 5 years revenue at Macroblock grew -5.3 % a year. The price currently implies free-cash-flow growth of -17.0 % 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 Macroblock (3527) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Macroblock (-17.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Macroblock (3527)?
The free-cash-flow yield on the price is 10.00 %: that much free cash flow Macroblock produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Macroblock (3527)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Macroblock it is 67.10 TWD per share (as of Nov 9, 2026), against a price of 42.55 TWD. It is the blended result of 8 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Macroblock stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 3527 trades below its calculated fair value: price 42.55 TWD, fair value 67.10 TWD, a gap of about +58% (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 3527?
No. The price is what the market pays today (42.55 TWD); the fair value is what the company's own numbers justify (67.10 TWD). For Macroblock the two are 24.55 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Macroblock worth?
The market values Macroblock at about 1.9B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 42.55 TWD; our models calculate a fair value of 67.10 TWD per share.
What do the bullish and bearish scenarios say about 3527?
Our models span a range for Macroblock: cautious scenario 58.08 TWD, base 67.10 TWD, optimistic 76.96 TWD per share (as of Nov 9, 2026, price 42.55 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Macroblock (3527)?
Balance-sheet figures for Macroblock (as of Nov 9, 2026): return on equity −1.6%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 3527 from its 52-week high?
Macroblock trades at 42.55 TWD, about 40% below its 52-week high of 70.70 TWD and at the low of 42.55 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 67.10 TWD is for.
Which stocks are comparable to Macroblock?
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 Macroblock stock attractive at the current price?
The data as of Nov 9, 2026: price 42.55 TWD, calculated fair value 67.10 TWD (+58%), Quality Score 60/100, from 8 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 3527 calculated?
We run Macroblock through 8 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 67.10 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. Macroblock 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 Macroblock (3527)?
The closing price on Nov 6, 2026 was 42.55 TWD. Our model-based fair value is 67.10 TWD, about +58% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Macroblock right now?
The price is below even our cautious bear case (58.08 TWD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Macroblock
How large is the market capitalisation of Macroblock (3527)?
The market capitalisation of Macroblock is 1.9B TWD (≈ $58.1M). 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 Macroblock (3527)?
The price-to-sales ratio of Macroblock is 1.49 (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 Macroblock (3527)?
Earnings per share at Macroblock are −0.7800 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Macroblock (3527)?
The dividend yield of Macroblock is 2.4%. 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 Macroblock (3527)?
The net margin of Macroblock is −2.5% (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 Macroblock (3527)?
The return on equity (ROE) of Macroblock is −1.6% (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 Macroblock (3527)?
On an EBIT basis the return on assets of Macroblock is 3.3% (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 Macroblock (3527)?
The operating margin of Macroblock is 1.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Macroblock (3527)?
Revenue at Macroblock is growing +4.4% versus a year earlier (3y avg −17.0%). 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 Macroblock (3527)?
Earnings per share at Macroblock are growing −87.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Nov 9, 2026