Newmax Technology Co Ltd (3630) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Newmax Technology Co Ltd stock TWD 27.36, price TWD 22.05, upside +24.1%, quality 52 out of 100. Rating: 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 8, 2026.
How to read this chart
60‑month range 16.60 TWD – 51.30 TWD · fair‑value band 20.52 TWD – 34.20 TWD · the 22.05 TWD price screens below the 27.36 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Newmax Technology Co., Ltd. engages in the design, manufacture, import, export, and sale of optical lenses in Taiwan, China, South Korea, Thailand, Vietnam, and internationally. The company offers optical instruments, electronic components, and other electrical and electronic mechanical equipment.
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The company was founded in 1999 and is based in Taichung, Taiwan.
Stock analysis
Newmax Technology Co Ltd (3630) currently trades at 22.05 TWD, while our model-based Fair Value estimate is 27.36 TWD, implying the stock looks roughly 19% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 41.91 TWD per share, and 5 of the 8 models we run sit above the 22.05 TWD price.
Bear case: the Asset-Based group reads lowest at 6.12 TWD, and 3 of the 8 models stay below the price. Data coverage for this calculation is low.
Scenario range: 20.52 TWD (bear) to 34.20 TWD (bull), the price of 22.05 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 52/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Newmax Technology Co Ltd reported revenue of 2.3B TWD in FY2025 versus 2.4B TWD in FY2021, a compound −1.6%/yr. Reported net income was 376M TWD in FY2025.
Key figures
Market cap 4.5B TWD (≈ $137M) Micro · P/S ratio 2.45 · EPS (TTM) −1.44 TWD · Net margin −12.2% · Return on equity −9.6% · Return on assets (EBIT) −9.4% (5-year average) · Operating margin −13.5% · Revenue (TTM) 2.4B TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (medium confidence).
What moves the price
The share trades about 43% 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 24%, 3630 screens cheaper than that median.
Fair Value models
Bear20.52 TWDFair Value 27.36 TWDBull34.20 TWD
Price 22.05 TWD · Upside +24.1%
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.
Best data coverage
Residual Income12.70 TWD14.01 TWD16.59 TWD68
Growth-Adj P/E29.34 TWD41.91 TWD54.48 TWD65
Graham-Dodd12.51 TWD31.81 TWD41.36 TWD63
All 8 models by family
Earnings-Based
Graham-Dodd12.51 TWD31.81 TWD41.36 TWD63
PEG = 1.05.91 TWD8.45 TWD10.98 TWD55
Multiples
P/E Multiple38.64 TWD51.52 TWD64.40 TWD63
P/S Multiple23.46 TWD31.28 TWD39.10 TWD58
P/B Multiple24.14 TWD32.19 TWD40.24 TWD55
Asset-Based
NCAV (Graham)4.04 TWD6.12 TWD7.65 TWD54
Economic Profit
Residual Income12.70 TWD14.01 TWD16.59 TWD68
Growth Earnings
Growth-Adj P/E29.34 TWD41.91 TWD54.48 TWD65
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.14/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
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.
+12.4%
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.
−3.4%
Start year 2020 (pandemic). Over 10 years: +8.7% a year
Revenue growth 16 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.
+5.4%
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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.
−9.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.3%
Dividend (yield on the price)0.0%
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.−9% → −22%
⚠ Revenue per share shrinking 4.0%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Newmax Technology 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 · 653 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+24.1% · Top 25%
Profitability
Return on assets9.0% · Top 25%
Net margin (12 months)−12.2% · Bottom 25%
Operating margin (12 months)−13.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−2.4% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Newmax Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3630
Frequently asked questions
Is Newmax Technology Co Ltd (3630) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 27.36 TWD versus a price of 22.05 TWD, about +24% upside (undervalued).
What is the fair value of 3630?
Our model-based fair value for Newmax Technology Co Ltd is 27.36 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 22.05 TWD.
What is the quality score of 3630?
Newmax Technology Co Ltd has a Quality Score of 52/100. 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 Newmax Technology Co Ltd (3630)?
Our model-based price target is the fair value of 27.36 TWD (as of Nov 8, 2026) from 8 valuation models. Cautious scenario 20.52 TWD, optimistic scenario 34.20 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Newmax Technology Co Ltd stock forecast for 2026?
Our models put fair value at 27.36 TWD, about +24% upside versus a price of 22.05 TWD (undervalued). Cautious scenario 20.52 TWD, optimistic scenario 34.20 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Newmax Technology Co Ltd (3630)?
Newmax Technology Co Ltd reported trailing-twelve-month revenue of about 2.4B TWD (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Newmax Technology Co Ltd (3630)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Newmax Technology Co Ltd it is 27.36 TWD per share (as of Nov 8, 2026), against a price of 22.05 TWD. It is the blended result of 8 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Newmax Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 3630 trades below its calculated fair value: price 22.05 TWD, fair value 27.36 TWD, a gap of about +24% (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 3630?
No. The price is what the market pays today (22.05 TWD); the fair value is what the company's own numbers justify (27.36 TWD). For Newmax Technology Co Ltd the two are 5.31 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Newmax Technology Co Ltd worth?
The market values Newmax Technology Co Ltd at about 4.5B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 22.05 TWD; our models calculate a fair value of 27.36 TWD per share.
What do the bullish and bearish scenarios say about 3630?
Our models span a range for Newmax Technology Co Ltd: cautious scenario 20.52 TWD, base 27.36 TWD, optimistic 34.20 TWD per share (as of Nov 8, 2026, price 22.05 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Newmax Technology Co Ltd (3630)?
Balance-sheet figures for Newmax Technology Co Ltd (as of Nov 8, 2026): return on equity −9.6%, debt of 0.00 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 3630 from its 52-week high?
Newmax Technology Co Ltd trades at 22.05 TWD, about 43% below its 52-week high of 38.50 TWD and at the low of 22.05 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 27.36 TWD is for.
Which stocks are comparable to Newmax Technology 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 Newmax Technology Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 22.05 TWD, calculated fair value 27.36 TWD (+24%), Quality Score 52/100, 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 3630 calculated?
We run Newmax Technology Co Ltd through 8 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 27.36 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. Newmax Technology Co Ltd currently trades 19% 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 Newmax Technology Co Ltd (3630)?
The closing price on Nov 6, 2026 was 22.05 TWD. Our model-based fair value is 27.36 TWD, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Newmax Technology Co Ltd right now?
Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Newmax Technology Co Ltd
How large is the market capitalisation of Newmax Technology Co Ltd (3630)?
The market capitalisation of Newmax Technology Co Ltd is 4.5B TWD (≈ $137M). 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 Newmax Technology Co Ltd (3630)?
The price-to-sales ratio of Newmax Technology Co Ltd is 2.45 (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 Newmax Technology Co Ltd (3630)?
Earnings per share at Newmax Technology Co Ltd are −1.44 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Newmax Technology Co Ltd (3630)?
The net margin of Newmax Technology Co Ltd is −12.2% (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 Newmax Technology Co Ltd (3630)?
The return on equity (ROE) of Newmax Technology Co Ltd is −9.6% (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 Newmax Technology Co Ltd (3630)?
On an EBIT basis the return on assets of Newmax Technology Co Ltd is −9.4% (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 Newmax Technology Co Ltd (3630)?
The operating margin of Newmax Technology Co Ltd is −13.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Newmax Technology Co Ltd (3630)?
Revenue at Newmax Technology Co Ltd is growing −2.4% versus a year earlier (3y avg +12.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Newmax Technology Co Ltd (3630) generate?
The free cash flow of Newmax Technology Co Ltd is −895M 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 debt does Newmax Technology Co Ltd (3630) carry?
The net debt of Newmax Technology Co Ltd is 1.5B TWD (fiscal year 2024). 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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Thin data
Nov 8, 2026