ICP DAS Co Ltd (3577) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of ICP DAS Co Ltd stock TWD 45.25, price TWD 83.10, that is 45.5% below the price, quality 78 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 6, 2026.
How to read this chart
60‑month range 26.26 TWD – 160.00 TWD · fair‑value band 30.13 TWD – 63.15 TWD · the 83.10 TWD price screens above the 45.25 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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ICP Das Co., Ltd. provides automation and Internet of Things solutions worldwide.
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It offers PC boards, including DAQ, communication, motion control, and watchdog boards; programmable automation controllers; panel products, including industrial panel PC, ViewPAC, TouchPAD, InduSoft PAC, and display; and software, controller and server, IO and sensor, and BA/HA IIoT products.
The company also provides PAC, PC-based and remote motion, Motionnet, EtherCAT, and CANopen solutions; RS-485 I/O, ethernet I/O, PAC I/O, fieldbus I/O, USB I/O, FRnet I/O, and wireless I/O modules; industrial communication products; wireless communication products; and power meter concentrator, power meter, and portable power monitoring suitcase products.
In addition, it offers Signal Conditioning Modules; AVEVA Edge, InduSoft, IoTstar, Win-GRAF, eLogger, EZ data logger, development tools, applications, Utility/Driver, and app software products; and power supplies, antennas, cables and connectors, daughter boards, and others.
ICP Das Co., Ltd. was founded in 1993 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
ICP DAS Co Ltd (3577) currently trades at 83.10 TWD, while our model-based Fair Value estimate is 45.25 TWD, 46% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 67.00 TWD per share, and 1 of the 26 models we run sit above the 83.10 TWD price.
Bear case: the Asset-Based group reads lowest at 8.87 TWD, and 25 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 30.13 TWD (bear) to 63.15 TWD (bull), the price of 83.10 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 78/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
ICP DAS Co Ltd reported revenue of 1.2B TWD in FY2025 versus 1.0B TWD in FY2021, a compound +3.0%/yr. Reported net income was 152M TWD in FY2025, compounding −2.9%/yr from FY2021.
Key figures
Market cap 5.3B TWD (≈ $160M) Micro · P/E ratio 19.2 · P/S ratio 3.75 · EPS (TTM) 4.32 TWD · Dividend yield 2.4% · Net margin 19.8% · Return on equity 20.0% · Return on assets (EBIT) 11.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 78 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 47% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −46%, 3577 screens richer than that median.
Fair Value models
Bear30.13 TWDFair Value 45.25 TWDBull63.15 TWD
Price 83.10 TWD · Downside -45.5%
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 (1.99 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.89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.4%
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.
−1.4%
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.
+9.1%
Start year 2020 (pandemic). Over 10 years: +4.8% a year
Revenue growth 10 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.
+4.8%
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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. 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.
+23.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.8%
Dividend (yield on the price)2.4%
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.7% → 16%
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).
+25.5%
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 +23.6% 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.Communication Equipment · 303 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside−45.5% · Below median
Profitability
Return on equity (12 months)20.0% · Top 25%
Return on assets9.2% · Top 25%
Net margin (12 months)19.8% · Top 25%
Operating margin (12 months)31.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)54.1% · Top 25%
Dividend yield (12 months)2.4% · Above median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/E (12 months)19.2× · Cheaper than median
P/B3.80× · Priciest 25%
P/S (12 months)3.75× · Pricier than median
Price / free cash flow (fiscal year)33.1× · Pricier than median
EV/EBITDA13.2× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 57
PAST (return on equity)80· sector 21
HEALTH (low debt)100· sector 98
DIVIDEND (yield)48· sector 24
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.
Cite: Fair Value Calculator (2026). "ICP DAS Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3577
Frequently asked questions
Is ICP DAS Co Ltd (3577) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 45.25 TWD versus a price of 83.10 TWD, about 46% lower (overvalued).
What is the fair value of 3577?
Our model-based fair value for ICP DAS Co Ltd is 45.25 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 83.10 TWD.
What is the quality score of 3577?
ICP DAS Co Ltd 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 ICP DAS Co Ltd (3577)?
Our model-based price target is the fair value of 45.25 TWD (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 30.13 TWD, optimistic scenario 63.15 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the ICP DAS Co Ltd stock forecast for 2026?
Our models put fair value at 45.25 TWD, about 46% lower versus a price of 83.10 TWD (overvalued). Cautious scenario 30.13 TWD, optimistic scenario 63.15 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of ICP DAS Co Ltd (3577)?
ICP DAS Co Ltd reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Nov 6, 2026).
Does ICP DAS Co Ltd pay a dividend?
ICP DAS Co Ltd currently shows a dividend yield of 2.41% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of ICP DAS Co Ltd (3577) and when is the ex-dividend date?
ICP DAS Co Ltd pays a dividend of 2.00 TWD per share a year, a dividend yield of 2.4%. The last ex-dividend date was Jul 14, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 46.3% of earnings. Free cash flow covers the dividend 1.24 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into ICP DAS Co Ltd (3577)?
For today's price to be fair in a discounted-cash-flow model, ICP DAS Co Ltd would have to grow free cash flow by +25.5 % 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 +9.1 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 3577 use?
Our models discount ICP DAS Co Ltd at 12.3 %: a base by market capitalisation (micro), damped by beta 0.70, 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 ICP DAS Co Ltd that is +25.5 % 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 ICP DAS Co Ltd (3577) delivered so far?
Over the past 5 years revenue at ICP DAS Co Ltd grew +9.1 % a year. The price currently implies free-cash-flow growth of +25.5 % 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 ICP DAS Co Ltd (3577) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into ICP DAS Co Ltd (+25.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ICP DAS Co Ltd (3577)?
The free-cash-flow yield on the price is 2.99 %: that much free cash flow ICP DAS Co Ltd 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 ICP DAS Co Ltd (3577)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ICP DAS Co Ltd it is 45.25 TWD per share (as of Nov 6, 2026), against a price of 83.10 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 ICP DAS Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 3577 trades above its calculated fair value: price 83.10 TWD, fair value 45.25 TWD, a gap of about −46% (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 3577?
No. The price is what the market pays today (83.10 TWD); the fair value is what the company's own numbers justify (45.25 TWD). For ICP DAS Co Ltd the two are 37.85 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is ICP DAS Co Ltd worth?
The market values ICP DAS Co Ltd at about 5.3B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 83.10 TWD; our models calculate a fair value of 45.25 TWD per share.
What do the bullish and bearish scenarios say about 3577?
Our models span a range for ICP DAS Co Ltd: cautious scenario 30.13 TWD, base 45.25 TWD, optimistic 63.15 TWD per share (as of Nov 6, 2026, price 83.10 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3577?
ICP DAS Co Ltd trades at a price-to-earnings ratio of 19.2 (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 45.25 TWD is built from several models across several years. Other multiples: P/B 3.8, P/S 3.8, EV/EBITDA 13.2.
How solid is the balance sheet of ICP DAS Co Ltd (3577)?
Balance-sheet figures for ICP DAS Co Ltd (as of Nov 6, 2026): return on equity 20.0%. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is 3577 from its 52-week high?
ICP DAS Co Ltd trades at 83.10 TWD, about 48% below its 52-week high of 160.00 TWD and 47% above the low of 56.44 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 45.25 TWD is for.
Which stocks are comparable to ICP DAS Co Ltd?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, 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 ICP DAS Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 83.10 TWD, calculated fair value 45.25 TWD (−46%), 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 3577 calculated?
We run ICP DAS Co Ltd 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 45.25 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. ICP DAS 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 ICP DAS Co Ltd (3577)?
The closing price on Nov 6, 2026 was 83.10 TWD. Our model-based fair value is 45.25 TWD, about 46% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ICP DAS Co Ltd right now?
A high-quality business (quality 78/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (63.15 TWD). The favourable scenario is already priced in. A fairly wide model range (30.13 TWD to 63.15 TWD) leaves room in how you read the outcome.
Key figures of ICP DAS Co Ltd
How large is the market capitalisation of ICP DAS Co Ltd (3577)?
The market capitalisation of ICP DAS Co Ltd is 5.3B TWD (≈ $160M). 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 ICP DAS Co Ltd (3577)?
The price-to-sales ratio of ICP DAS Co Ltd is 3.75 (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 ICP DAS Co Ltd (3577)?
Earnings per share at ICP DAS Co Ltd are 4.32 TWD (price ÷ EPS = P/E 19.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ICP DAS Co Ltd (3577)?
The dividend yield of ICP DAS Co Ltd is 2.4% (payout 46.3%). 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 ICP DAS Co Ltd (3577)?
The net margin of ICP DAS Co Ltd is 19.8% (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 ICP DAS Co Ltd (3577)?
The return on equity (ROE) of ICP DAS Co Ltd is 20.0% (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 ICP DAS Co Ltd (3577)?
On an EBIT basis the return on assets of ICP DAS Co Ltd is 11.3% (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 ICP DAS Co Ltd (3577)?
The operating margin of ICP DAS Co Ltd is 31.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ICP DAS Co Ltd (3577)?
Revenue at ICP DAS Co Ltd is growing +54.1% versus a year earlier (3y avg −1.4%). 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 ICP DAS Co Ltd (3577)?
Earnings per share at ICP DAS Co Ltd are growing +240% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ICP DAS Co Ltd (3577) carry?
The net debt of ICP DAS Co Ltd is 105M TWD (fiscal year 2023, ≈ 0.7 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 6, 2026