MiTAC Holdings Corp (3706) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of MiTAC Holdings Corp stock TWD 49.36, price TWD 68.00, that is 27.4% below the price, quality 46 out of 100. Rating: overvalued. Calculated from audited financials with 17 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 18.59 TWD – 558.95 TWD · fair‑value band 41.13 TWD – 85.63 TWD · the 68.00 TWD price screens above the 49.36 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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MiTAC Holdings Corporation, together with its subsidiaries, designs, develops, manufactures, and distributes computers and ancillary equipment, and communication related products in Taiwan, Europe, the United States, and internationally.
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The company offers cloud computing and artificial intelligence products, such as AI Server, HPC server, storage server, cloud computing solution, and open compute project.
It also provides dashcam recorder, navigation devices, smart camera, and navigation solutions; smart city solutions and connected car cloud video cameras; industrial tablet, industrial handy terminal, fleet management, and MiTAC device management services; and factory automation, intelligent transportation system, retail automation, industrial motherboard, embedded system, industrial panel PC, and ruggidized tablet.
In addition, the company offers building, factory, equipment, and energy monitoring management solutions through its Comismart platform. MiTAC Holdings Corporation was founded in 1982 and is headquartered in Taoyuan City, Taiwan.
Stock analysis
MiTAC Holdings Corp (3706) currently trades at 68.00 TWD, while our model-based Fair Value estimate is 49.36 TWD, 27% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 115.46 TWD per share, and 7 of the 17 models we run sit above the 68.00 TWD price.
Bear case: the Asset-Based group reads lowest at 7.67 TWD, and 10 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: 41.13 TWD (bear) to 85.63 TWD (bull), the price of 68.00 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 46/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
MiTAC Holdings Corp reported revenue of 106B TWD in FY2025 versus 42.2B TWD in FY2021, a compound +25.8%/yr. Reported net income was 6.8B TWD in FY2025, compounding −13.0%/yr from FY2021.
Key figures
Market cap 99.3B TWD (≈ $3.0B) Mid · P/E ratio 13.5 · P/S ratio 0.78 · EPS (TTM) 5.05 TWD · Dividend yield 4.0% · Net margin 5.8% · Return on equity 11.2% · Return on assets (EBIT) 8.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −27%, 3706 screens richer than that median.
Fair Value models
Bear41.13 TWDFair Value 49.36 TWDBull85.63 TWD
Price 68.00 TWD · Downside -27.4%
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. 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.50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+72.1%
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.
+30.2%
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.
+20.7%
Start year 2020 (pandemic)
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−7.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.1%
Dividend (yield on the price)4.0%
Per share before 2020divided by the spin-off factor 1.12
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.17.4% vs 15.1%, steady
Profit margin 2018 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.1% → 5%
2025 sits 66% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
News mood ⓘNews mood, the average tone of recent news (17 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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 · 213 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−27.4% · Below median
Profitability
Return on equity (12 months)11.2% · Above median
Return on assets5.2% · Above median
Net margin (12 months)5.8% · Above median
Operating margin (12 months)4.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)53.8% · Top 25%
Dividend yield (12 months)4.0% · Above median
Balance sheet
Debt / equity0.09× · Above median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (12 months)13.5× · Cheaper than median
P/B1.45× · Cheaper than median
P/S (12 months)0.78× · Cheaper than median
EV/EBITDA13.0× · Pricier than median
PEG2.56× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 8
FUTURE (revenue growth)100· sector 84
PAST (return on equity)45· sector 33
HEALTH (low debt)96· sector 97
DIVIDEND (yield)80· sector 52
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.
Is MiTAC Holdings Corp (3706) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 49.36 TWD versus a price of 68.00 TWD, about 27% lower (overvalued).
What is the fair value of 3706?
Our model-based fair value for MiTAC Holdings Corp is 49.36 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 68.00 TWD.
What is the quality score of 3706?
MiTAC Holdings Corp 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 MiTAC Holdings Corp (3706)?
Our model-based price target is the fair value of 49.36 TWD (as of Nov 8, 2026) from 17 valuation models. Cautious scenario 41.13 TWD, optimistic scenario 85.63 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the MiTAC Holdings Corp stock forecast for 2026?
Our models put fair value at 49.36 TWD, about 27% lower versus a price of 68.00 TWD (overvalued). Cautious scenario 41.13 TWD, optimistic scenario 85.63 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of MiTAC Holdings Corp (3706)?
MiTAC Holdings Corp reported trailing-twelve-month revenue of about 128B TWD (latest available figure, as of Nov 8, 2026).
Does MiTAC Holdings Corp pay a dividend?
MiTAC Holdings Corp currently shows a dividend yield of 4.01% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of MiTAC Holdings Corp (3706) and when is the ex-dividend date?
MiTAC Holdings Corp pays a dividend of 2.73 TWD per share a year, a dividend yield of 4.0%. The last ex-dividend date was Sep 9, 2026. A dividend has been paid every year since at least 2000. The payout ratio is 56.9% of earnings (on adjusted earnings, reported 54.0%). Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of MiTAC Holdings Corp (3706)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MiTAC Holdings Corp it is 49.36 TWD per share (as of Nov 8, 2026), against a price of 68.00 TWD. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is MiTAC Holdings Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 3706 trades above its calculated fair value: price 68.00 TWD, fair value 49.36 TWD, a gap of about −27% (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 3706?
No. The price is what the market pays today (68.00 TWD); the fair value is what the company's own numbers justify (49.36 TWD). For MiTAC Holdings Corp the two are 18.64 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is MiTAC Holdings Corp worth?
The market values MiTAC Holdings Corp at about 99.3B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 68.00 TWD; our models calculate a fair value of 49.36 TWD per share.
What do the bullish and bearish scenarios say about 3706?
Our models span a range for MiTAC Holdings Corp: cautious scenario 41.13 TWD, base 49.36 TWD, optimistic 85.63 TWD per share (as of Nov 8, 2026, price 68.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3706?
MiTAC Holdings Corp trades at a price-to-earnings ratio of 13.5 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 49.36 TWD is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 14.5 (reported for FY2025: 13.8). Other multiples: PEG 2.6, P/B 1.5, P/S 0.8, EV/EBITDA 13.0.
What is the PEG ratio of 3706?
The PEG ratio of MiTAC Holdings Corp is 2.56 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of MiTAC Holdings Corp (3706)?
Balance-sheet figures for MiTAC Holdings Corp (as of Nov 8, 2026): return on equity 11.2%, debt of 0.09 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 3706 from its 52-week high?
MiTAC Holdings Corp trades at 68.00 TWD, about 22% below its 52-week high of 87.62 TWD and 5% above the low of 64.67 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 49.36 TWD is for.
Which stocks are comparable to MiTAC Holdings Corp?
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 MiTAC Holdings Corp stock attractive at the current price?
The data as of Nov 8, 2026: price 68.00 TWD, calculated fair value 49.36 TWD (−27%), Quality Score 46/100, from 17 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 3706 calculated?
We run MiTAC Holdings Corp through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 49.36 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. MiTAC Holdings Corp 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 MiTAC Holdings Corp (3706)?
The closing price on Nov 6, 2026 was 68.00 TWD. Our model-based fair value is 49.36 TWD, about 27% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MiTAC Holdings Corp right now?
Weak quality (46/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (41.13 TWD to 85.63 TWD) leaves room in how you read the outcome.
Where does the earnings growth of MiTAC Holdings Corp (3706) come from?
Earnings per share at MiTAC Holdings Corp grew +7.2 % a year from 2015 to 2025. Broken into its drivers: revenue per share +3.3 %, EBIT margin +16.2 %, tax rate +0.0 %, residual (interest, one-offs) −10.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of MiTAC Holdings Corp
How large is the market capitalisation of MiTAC Holdings Corp (3706)?
The market capitalisation of MiTAC Holdings Corp is 99.3B TWD (≈ $3.0B). 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 MiTAC Holdings Corp (3706)?
The price-to-sales ratio of MiTAC Holdings Corp is 0.78 (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 MiTAC Holdings Corp (3706)?
Earnings per share at MiTAC Holdings Corp are 5.05 TWD (price ÷ EPS = P/E 13.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MiTAC Holdings Corp (3706)?
The dividend yield of MiTAC Holdings Corp is 4.0% (payout 56.9%, on adjusted earnings, reported 54.0%). 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 MiTAC Holdings Corp (3706)?
The net margin of MiTAC Holdings Corp is 5.8% (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 MiTAC Holdings Corp (3706)?
The return on equity (ROE) of MiTAC Holdings Corp is 11.2% (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 MiTAC Holdings Corp (3706)?
On an EBIT basis the return on assets of MiTAC Holdings Corp is 8.8% (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 MiTAC Holdings Corp (3706)?
The operating margin of MiTAC Holdings Corp is 4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MiTAC Holdings Corp (3706)?
Revenue at MiTAC Holdings Corp is growing +53.8% versus a year earlier (3y avg +30.2%). 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 MiTAC Holdings Corp (3706)?
Earnings per share at MiTAC Holdings Corp are growing +30.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MiTAC Holdings Corp (3706) generate?
The free cash flow of MiTAC Holdings Corp is −1.6B 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 MiTAC Holdings Corp (3706) hold?
MiTAC Holdings Corp holds more cash than debt, 6.3B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026