FIC Global Inc (3701) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of FIC Global Inc stock TWD 32.76, price TWD 52.30, that is 37.4% below the price, quality 46 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 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 10, 2026.
How to read this chart
60‑month range 13.46 TWD – 89.28 TWD · fair‑value band 28.09 TWD – 41.19 TWD · the 52.30 TWD price screens above the 32.76 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 10, 2026.
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FIC Global, Inc. invests in the manufacturing, design, engineering, and system integration businesses. It offers optical transceiver, precision electronics, satellite communication, and marine electronics, as well as AIoT solutions for smart city development.
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The company was founded in 1993 and is based in Taipei, Taiwan.
Stock analysis
FIC Global Inc (3701) currently trades at 52.30 TWD, while our model-based Fair Value estimate is 32.76 TWD, 37% 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 41.08 TWD per share, and 1 of the 11 models we run sit above the 52.30 TWD price.
Bear case: the Asset-Based group reads lowest at 3.84 TWD, and 10 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 28.09 TWD (bear) to 41.19 TWD (bull), the price of 52.30 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 46/100 (below-average 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.
FIC Global Inc reported revenue of 9.8B TWD in FY2025 versus 10.0B TWD in FY2021, a compound −0.5%/yr. Reported net income was −88.9M TWD in FY2025.
Key figures
Market cap 12.4B TWD (≈ $379M) Small · P/S ratio 1.57 · EPS (TTM) −2.61 TWD · Dividend yield 0.4% · Net margin −7.3% · Return on equity −11.1% · Return on assets (EBIT) 3.9% (5-year average) · Operating margin −11.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 78% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at −37%, 3701 screens richer than that median.
Fair Value models
Bear28.09 TWDFair Value 32.76 TWDBull41.19 TWD
Price 52.30 TWD · Downside -37.4%
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.37/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−24.9%
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.
−7.6%
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.
+5.8%
Start year 2020 (pandemic). Over 10 years: −2.6% a year
Revenue growth 21 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.
−10.2%
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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.
1.5% (2020) → −0.1% (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
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).
+15.9%
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 +14.1% 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.Computer Hardware · 212 stocks
Beats the industry median on 1/11 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−37.4% · Below median
Profitability
Return on assets−0.7% · Bottom 25%
Net margin (12 months)−7.3% · Bottom 25%
Operating margin (12 months)−11.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−20.0% · Bottom 25%
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/B2.60× · Pricier than median
P/S (12 months)1.46× · Pricier than median
Price / free cash flow (fiscal year)33.9× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 8
FUTURE (revenue growth)0· sector 86
PAST (return on equity)0· sector 33
HEALTH (low debt)99· sector 97
DIVIDEND (yield)8· sector 50
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). "FIC Global Inc Fair Value". https://www.fairvalue-calculator.com/stock/3701
Frequently asked questions
Is FIC Global Inc (3701) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of 32.76 TWD versus a price of 52.30 TWD, about 37% lower (overvalued).
What is the fair value of 3701?
Our model-based fair value for FIC Global Inc is 32.76 TWD (as of Nov 10, 2026), built from audited fundamentals. The current price: 52.30 TWD.
What is the quality score of 3701?
FIC Global Inc has a Quality Score of 46/100. 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 FIC Global Inc (3701)?
Our model-based price target is the fair value of 32.76 TWD (as of Nov 10, 2026) from 11 valuation models. Cautious scenario 28.09 TWD, optimistic scenario 41.19 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the FIC Global Inc stock forecast for 2026?
Our models put fair value at 32.76 TWD, about 37% lower versus a price of 52.30 TWD (overvalued). Cautious scenario 28.09 TWD, optimistic scenario 41.19 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of FIC Global Inc (3701)?
FIC Global Inc reported trailing-twelve-month revenue of about 8.5B TWD (latest available figure, as of Nov 10, 2026).
Does FIC Global Inc pay a dividend?
FIC Global Inc currently shows a dividend yield of 0.38% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of FIC Global Inc (3701) and when is the ex-dividend date?
FIC Global Inc pays a dividend of 0.2 TWD per share a year, a dividend yield of 0.4%. The last ex-dividend date was Oct 7, 2025. Free cash flow covers the dividend 7.74 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 FIC Global Inc (3701)?
For today's price to be fair in a discounted-cash-flow model, FIC Global Inc would have to grow free cash flow by +15.9 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.8 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of 3701 use?
Our models discount FIC Global Inc at 10.6 %: a base by market capitalisation (small), damped by beta 0.60, 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 FIC Global Inc that is +15.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has FIC Global Inc (3701) delivered so far?
Over the past 5 years revenue at FIC Global Inc grew +5.8 % a year. The price currently implies free-cash-flow growth of +15.9 % 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 FIC Global Inc (3701) growing?
The median revenue growth in the sector is +11.4 % a year. That is the yardstick for the growth priced into FIC Global Inc (+15.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of FIC Global Inc (3701)?
The free-cash-flow yield on the price is 2.95 %: that much free cash flow FIC Global Inc produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of FIC Global Inc (3701)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FIC Global Inc it is 32.76 TWD per share (as of Nov 10, 2026), against a price of 52.30 TWD. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is FIC Global Inc stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 3701 trades above its calculated fair value: price 52.30 TWD, fair value 32.76 TWD, a gap of about −37% (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 3701?
No. The price is what the market pays today (52.30 TWD); the fair value is what the company's own numbers justify (32.76 TWD). For FIC Global Inc the two are 19.54 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is FIC Global Inc worth?
The market values FIC Global Inc at about 12.4B TWD (market capitalisation, as of Nov 10, 2026). Per share that is 52.30 TWD; our models calculate a fair value of 32.76 TWD per share.
What do the bullish and bearish scenarios say about 3701?
Our models span a range for FIC Global Inc: cautious scenario 28.09 TWD, base 32.76 TWD, optimistic 41.19 TWD per share (as of Nov 10, 2026, price 52.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of FIC Global Inc (3701)?
Balance-sheet figures for FIC Global Inc (as of Nov 10, 2026): return on equity −11.1%, debt of 0.01 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 3701 from its 52-week high?
FIC Global Inc trades at 52.30 TWD, about 33% below its 52-week high of 78.60 TWD and 78% above the low of 29.40 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 32.76 TWD is for.
Which stocks are comparable to FIC Global Inc?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, Seagate Technology Holdings, 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 FIC Global Inc stock attractive at the current price?
The data as of Nov 10, 2026: price 52.30 TWD, calculated fair value 32.76 TWD (−37%), Quality Score 46/100, from 11 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 3701 calculated?
We run FIC Global Inc through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 32.76 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 13.7% above its aggregate fair value. FIC Global Inc 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 FIC Global Inc (3701)?
The closing price on Nov 9, 2026 was 52.30 TWD. Our model-based fair value is 32.76 TWD, about 37% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FIC Global Inc right now?
The price sits above even our optimistic bull case (41.19 TWD). The favourable scenario is already priced in. Weak quality (46/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of FIC Global Inc
How large is the market capitalisation of FIC Global Inc (3701)?
The market capitalisation of FIC Global Inc is 12.4B TWD (≈ $379M). 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 FIC Global Inc (3701)?
The price-to-sales ratio of FIC Global Inc is 1.57 (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 FIC Global Inc (3701)?
Earnings per share at FIC Global Inc are −2.61 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FIC Global Inc (3701)?
The dividend yield of FIC Global Inc is 0.4%. 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 FIC Global Inc (3701)?
The net margin of FIC Global Inc is −7.3% (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 FIC Global Inc (3701)?
The return on equity (ROE) of FIC Global Inc is −11.1% (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 FIC Global Inc (3701)?
On an EBIT basis the return on assets of FIC Global Inc is 3.9% (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 FIC Global Inc (3701)?
The operating margin of FIC Global Inc is −11.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FIC Global Inc (3701)?
Revenue at FIC Global Inc is growing −20.0% versus a year earlier (3y avg −7.6%). 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 FIC Global Inc (3701)?
Earnings per share at FIC Global Inc are growing +211% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does FIC Global Inc (3701) hold?
FIC Global Inc holds more cash than debt, 2.2B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 10, 2026