Fitipower Integrated Technology Inc (4961) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Fitipower Integrated Technology Inc stock TWD 142, price TWD 170, that is 16.0% below the price, quality 57 out of 100. Rating: 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 109.94 TWD – 359.38 TWD · fair‑value band 92.36 TWD – 188.40 TWD · the 169.50 TWD price screens above the 142.33 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 6, 2026.
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Fitipower Integrated Technology Inc. engages in the research, design, development, production, and sale of display screen integrated circuits (ICs) and power management ICs in Taiwan.
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It offers LCD driver, LED driver, and E paper display driver ICs; and power management IC products comprising EPD panel power, switching regulator, LED driver, motor driver IC, USB power switch IC, reset IC, Li-on charger IC, and low dropout regulator; and other related semiconductor solutions.
The company also provides smart mobile terminal display driver chip, camera voice coil motor driver chip, fast charging protocol chip, and electronic price tag driver chip solutions The company's products are used for various applications consisting of personal consumer, Internet of Things, automotive, communications, and industrial and commercial markets.
Fitipower Integrated Technology Inc. was incorporated in 1995 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Fitipower Integrated Technology Inc (4961) currently trades at 169.50 TWD, while our model-based Fair Value estimate is 142.33 TWD, 16% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 255.45 TWD per share, and 16 of the 26 models we run sit above the 169.50 TWD price.
Bear case: the Economic Profit group reads lowest at 95.99 TWD, and 10 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 92.36 TWD (bear) to 188.40 TWD (bull), the price of 169.50 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 57/100 (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.
Fitipower Integrated Technology Inc reported revenue of 18.0B TWD in FY2025 versus 22.9B TWD in FY2021, a compound −5.8%/yr. Reported net income was 1.2B TWD in FY2025, compounding −33.1%/yr from FY2021.
Key figures
Market cap 30.3B TWD (≈ $923M) Small · P/E ratio 19.3 · P/S ratio 1.13 · EPS (TTM) 8.80 TWD · Dividend yield 4.6% · Net margin 5.9% · Return on equity 6.8% · Return on assets (EBIT) 14.1% (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 13% below its 52-week high and 32% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −16%, 4961 screens richer than that median.
Fair Value models
Bear92.36 TWDFair Value 142.33 TWDBull188.40 TWD
Price 169.50 TWD · Downside -16.0%
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 (0.9261 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.
Best data coverage
Residual Income112.69 TWD116.75 TWD125.16 TWD74
FCF DCF149.18 TWD254.48 TWD425.86 TWD73
Growth DCF145.81 TWD235.30 TWD370.39 TWD71
All 26 models by family
DCF Models
FCF DCF149.18 TWD254.48 TWD425.86 TWD73
Owner Earnings139.72 TWD237.66 TWD397.06 TWD68
5Y Revenue Exit108.57 TWD171.94 TWD257.56 TWD66
5Y EBITDA Exit157.93 TWD277.69 TWD431.75 TWD68
5Y P/E Exit184.16 TWD333.90 TWD511.16 TWD64
10Y Revenue Exit119.89 TWD183.60 TWD281.47 TWD61
10Y EBITDA Exit152.70 TWD256.42 TWD420.62 TWD61
10Y P/E Exit168.97 TWD295.14 TWD484.06 TWD57
Earnings-Based
Graham-Dodd66.39 TWD350.93 TWD485.85 TWD61
Lynch FV96.57 TWD137.96 TWD179.35 TWD59
PEG = 1.096.57 TWD137.96 TWD179.35 TWD55
EPV67.80 TWD75.23 TWD81.44 TWD69
Dividend Discount
Gordon GGM73.49 TWD133.43 TWD184.90 TWD65
DDM Multi-Stage73.49 TWD121.40 TWD142.42 TWD65
Multiples
P/E Multiple205.03 TWD273.38 TWD341.72 TWD63
P/S Multiple124.48 TWD165.98 TWD207.47 TWD57
P/B Multiple653.74 TWD871.65 TWD1,090 TWD55
EV/EBIT157.70 TWD205.75 TWD253.80 TWD62
EV/EBITDA174.53 TWD228.19 TWD281.84 TWD64
EV/Revenue86.43 TWD117.66 TWD148.89 TWD51
Asset-Based
NCAV (Graham)66.72 TWD101.09 TWD126.37 TWD52
Growth DCF
Growth DCF145.81 TWD235.30 TWD370.39 TWD71
Rev-Margin DCF108.57 TWD171.07 TWD255.32 TWD66
Economic Profit
Residual Income112.69 TWD116.75 TWD125.16 TWD74
ROIC Compounder67.80 TWD75.23 TWD81.44 TWD67
Growth Earnings
Growth-Adj P/E167.71 TWD239.58 TWD311.46 TWD65
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−6.3%
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.
−2.9%
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.
+10.6%
Start year 2020 (pandemic). Over 10 years: +11.5% 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.
+15.6%
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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.
+6.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.2%
Dividend (yield on the price)4.6%
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.2.2% vs 7.1%, slowing
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.8% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
−2.8%
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 −4.3% a year for the price.
Compare Fitipower Integrated Technology Inc 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.Semiconductors · 370 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−16.0% · Above median
Profitability
Return on equity (12 months)6.8% · Above median
Return on assets6.2% · Above median
Net margin (12 months)8.2% · Below median
Operating margin (12 months)9.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)6.1% · Below median
Dividend yield (12 months)4.6% · Top 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)19.3× · Cheaper than median
P/B1.73× · Cheaper than median
P/S (12 months)2.32× · Cheaper than median
Price / free cash flow (fiscal year)21.2× · Cheaper than median
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Is Fitipower Integrated Technology Inc (4961) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 142.33 TWD versus a price of 169.50 TWD, about 16% lower (overvalued).
What is the fair value of 4961?
Our model-based fair value for Fitipower Integrated Technology Inc is 142.33 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 169.50 TWD.
What is the quality score of 4961?
Fitipower Integrated Technology Inc has a Quality Score of 57/100. 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 Fitipower Integrated Technology Inc (4961)?
Our model-based price target is the fair value of 142.33 TWD (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 92.36 TWD, optimistic scenario 188.40 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Fitipower Integrated Technology Inc stock forecast for 2026?
Our models put fair value at 142.33 TWD, about 16% lower versus a price of 169.50 TWD (overvalued). Cautious scenario 92.36 TWD, optimistic scenario 188.40 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Fitipower Integrated Technology Inc (4961)?
Fitipower Integrated Technology Inc reported trailing-twelve-month revenue of about 18.1B TWD (latest available figure, as of Nov 6, 2026).
Does Fitipower Integrated Technology Inc pay a dividend?
Fitipower Integrated Technology Inc currently shows a dividend yield of 4.55% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Fitipower Integrated Technology Inc (4961) and when is the ex-dividend date?
Fitipower Integrated Technology Inc pays a dividend of 7.72 TWD per share a year, a dividend yield of 4.6%. The last ex-dividend date was Jul 1, 2026. A dividend has been paid every year since 2014. The payout ratio is 87.7% of earnings. Free cash flow covers the dividend 2.15 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Fitipower Integrated Technology Inc (4961)?
For today's price to be fair in a discounted-cash-flow model, Fitipower Integrated Technology Inc would have to grow free cash flow by -2.8 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.6 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 4961 use?
Our models discount Fitipower Integrated Technology Inc at 10.9 %: a base by market capitalisation (small), damped by beta 0.69, 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 Fitipower Integrated Technology Inc that is -2.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Fitipower Integrated Technology Inc (4961) delivered so far?
Over the past 5 years revenue at Fitipower Integrated Technology Inc grew +10.6 % a year. The price currently implies free-cash-flow growth of -2.8 % 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 Fitipower Integrated Technology Inc (4961) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Fitipower Integrated Technology Inc (-2.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Fitipower Integrated Technology Inc (4961)?
The free-cash-flow yield on the price is 6.57 %: that much free cash flow Fitipower Integrated Technology Inc produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fitipower Integrated Technology Inc (4961)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fitipower Integrated Technology Inc it is 142.33 TWD per share (as of Nov 6, 2026), against a price of 169.50 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 Fitipower Integrated Technology Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 4961 trades above its calculated fair value: price 169.50 TWD, fair value 142.33 TWD, a gap of about −16% (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 4961?
No. The price is what the market pays today (169.50 TWD); the fair value is what the company's own numbers justify (142.33 TWD). For Fitipower Integrated Technology Inc the two are 27.17 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Fitipower Integrated Technology Inc worth?
The market values Fitipower Integrated Technology Inc at about 30.3B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 169.50 TWD; our models calculate a fair value of 142.33 TWD per share.
What do the bullish and bearish scenarios say about 4961?
Our models span a range for Fitipower Integrated Technology Inc: cautious scenario 92.36 TWD, base 142.33 TWD, optimistic 188.40 TWD per share (as of Nov 6, 2026, price 169.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4961?
Fitipower Integrated Technology Inc trades at a price-to-earnings ratio of 19.3 (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 142.33 TWD is built from several models across several years. Other multiples: P/B 1.7, P/S 2.3, EV/EBITDA 24.7.
How solid is the balance sheet of Fitipower Integrated Technology Inc (4961)?
Balance-sheet figures for Fitipower Integrated Technology Inc (as of Nov 6, 2026): return on equity 6.8%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 4961 from its 52-week high?
Fitipower Integrated Technology Inc trades at 169.50 TWD, about 13% below its 52-week high of 195.00 TWD and 32% above the low of 128.68 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 142.33 TWD is for.
Which stocks are comparable to Fitipower Integrated Technology Inc?
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 Fitipower Integrated Technology Inc stock attractive at the current price?
The data as of Nov 6, 2026: price 169.50 TWD, calculated fair value 142.33 TWD (−16%), Quality Score 57/100, 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 4961 calculated?
We run Fitipower Integrated Technology Inc 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 142.33 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. Fitipower Integrated Technology 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 Fitipower Integrated Technology Inc (4961)?
The closing price on Nov 9, 2026 was 169.50 TWD. Our model-based fair value is 142.33 TWD, about 16% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fitipower Integrated Technology Inc right now?
Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (92.36 TWD to 188.40 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Fitipower Integrated Technology Inc (4961) come from?
Earnings per share at Fitipower Integrated Technology Inc grew +15.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.0 %, EBIT margin +8.1 %, tax rate −0.2 %, residual (interest, one-offs) +0.8 %. 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 Fitipower Integrated Technology Inc
How large is the market capitalisation of Fitipower Integrated Technology Inc (4961)?
The market capitalisation of Fitipower Integrated Technology Inc is 30.3B TWD (≈ $923M). 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 Fitipower Integrated Technology Inc (4961)?
The price-to-sales ratio of Fitipower Integrated Technology Inc is 1.13 (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 Fitipower Integrated Technology Inc (4961)?
Earnings per share at Fitipower Integrated Technology Inc are 8.80 TWD (price ÷ EPS = P/E 19.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fitipower Integrated Technology Inc (4961)?
The dividend yield of Fitipower Integrated Technology Inc is 4.6% (payout 87.7%). 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 Fitipower Integrated Technology Inc (4961)?
The net margin of Fitipower Integrated Technology Inc is 5.9% (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 Fitipower Integrated Technology Inc (4961)?
The return on equity (ROE) of Fitipower Integrated Technology Inc is 6.8% (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 Fitipower Integrated Technology Inc (4961)?
On an EBIT basis the return on assets of Fitipower Integrated Technology Inc is 14.1% (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 Fitipower Integrated Technology Inc (4961)?
The operating margin of Fitipower Integrated Technology Inc is 9.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fitipower Integrated Technology Inc (4961)?
Revenue at Fitipower Integrated Technology Inc is growing +6.1% versus a year earlier (3y avg −2.9%). 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 Fitipower Integrated Technology Inc (4961)?
Earnings per share at Fitipower Integrated Technology Inc are growing +22.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Fitipower Integrated Technology Inc (4961) hold?
Fitipower Integrated Technology Inc holds more cash than debt, 2.3B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 6, 2026