Hwacom Systems (6163) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hwacom Systems stock TWD 12.79, price TWD 32.75, that is 60.9% below the price, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 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 13.90 TWD – 74.10 TWD · fair‑value band 9.13 TWD – 15.42 TWD · the 32.75 TWD price screens above the 12.79 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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HwaCom Systems Inc. provides digital media, smart applications, cybersecurity, and information and communication technology solutions in Taiwan and internationally.
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The company offers cloud computing and data center solutions; VMware cloud foundation; network management solutions; broadband integration solutionsl private 5G network and smart applications solutions; telecommunication digital value-added application service; clout solutions; intelligent cloud cost optimization solution; migration to azure cloud; and multi-cloud solutions.
It also provides intelligent transportation service; smart city control solutions; AIoT innovative application services assist digital transformation; smart pole solution; AR remote video collaboration application; drone application solutions - unmanned aerial vehicles/drones; video surveillance cloud; technological disaster prevention and smart construction solutions; and intelligent building management system solutions.
In addition, the company offers IPTV/OTT Solution - Amazing TV, E2E IPTV/OTT Total Solution, Smart Exhibition and 5G Streaming Solutions, and Smart AirPort Solution.
Further, it provides information security solutions, such as security management services; digital risk protection " cyberint argos; breach and attack simulation " KEYSIGHT threat simulator; ai cyber security defense " darktrace; system vulnerability scan service; webpage vulnerability scan service; penetration testing; source code inspection service; IOT/OT asset discovery, vulnerability management, and threat detection; ISMS and PIMS services; social engineering; OIS- ISMS PIMS, and GHG emission reporting services.
The company also offers products for ICT, networking, telecom, media and video, and information security. HwaCom Systems Inc. was founded in 1994 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Hwacom Systems (6163) currently trades at 32.75 TWD, while our model-based Fair Value estimate is 12.79 TWD, 61% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 48.69 TWD per share, and 9 of the 25 models we run sit above the 32.75 TWD price.
Bear case: the Dividend Discount group reads lowest at 4.98 TWD, and 16 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: 9.13 TWD (bear) to 15.42 TWD (bull), the price of 32.75 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 58/100 (solid quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hwacom Systems reported revenue of 6.1B TWD in FY2025 versus 6.2B TWD in FY2021, a compound −0.4%/yr. Reported net income was 105M TWD in FY2025, compounding −11.5%/yr from FY2021.
Key figures
Market cap 4.9B TWD (≈ $148M) Micro · P/E ratio 35.6 · P/S ratio 0.71 · EPS (TTM) 0.9200 TWD · Dividend yield 1.8% · Net margin 1.9% · Return on equity 4.7% · Return on assets (EBIT) 2.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (low confidence).
What moves the price
The share trades about 56% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 51% fair-value upside, at −61%, 6163 screens richer than that median.
Fair Value models
Bear9.13 TWDFair Value 12.79 TWDBull15.42 TWD
Price 32.75 TWD · Downside -60.9%
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 (0.2916 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.72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+10.9%
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.
+0.1%
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.
+6.4%
Start year 2020 (pandemic)
Revenue growth 8 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.
+5.7%
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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.
+3.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.9%
Dividend (yield on the price)1.8%
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.1% → 2%
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).
−6.3%
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.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −7.8% 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.Telecom Services · 234 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−60.9% · Bottom 25%
Profitability
Return on equity (12 months)4.7% · Below median
Return on assets1.5% · Below median
Net margin (12 months)1.9% · Below median
Operating margin (12 months)−2.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)23.7% · Top 25%
Dividend yield (12 months)1.8% · Below median
Balance sheet
Debt / equity0.11× · Below median
Valuation Multiplesvs Telecom Services median · lower = cheaper
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). "Hwacom Systems Fair Value". https://www.fairvalue-calculator.com/stock/6163
Frequently asked questions
Is Hwacom Systems (6163) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 12.79 TWD versus a price of 32.75 TWD, about 61% lower (overvalued).
What is the fair value of 6163?
Our model-based fair value for Hwacom Systems is 12.79 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 32.75 TWD.
What is the quality score of 6163?
Hwacom Systems has a Quality Score of 58/100. 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 Hwacom Systems (6163)?
Our model-based price target is the fair value of 12.79 TWD (as of Nov 8, 2026) from 25 valuation models. Cautious scenario 9.13 TWD, optimistic scenario 15.42 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Hwacom Systems stock forecast for 2026?
Our models put fair value at 12.79 TWD, about 61% lower versus a price of 32.75 TWD (overvalued). Cautious scenario 9.13 TWD, optimistic scenario 15.42 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Hwacom Systems (6163)?
Hwacom Systems reported trailing-twelve-month revenue of about 6.9B TWD (latest available figure, as of Nov 8, 2026).
Does Hwacom Systems pay a dividend?
Hwacom Systems currently shows a dividend yield of 1.77% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Hwacom Systems (6163) and when is the ex-dividend date?
Hwacom Systems pays a dividend of 0.58 TWD per share a year, a dividend yield of 1.8%. The last ex-dividend date was Sep 9, 2026. A dividend has been paid every year since 2022. The payout ratio is 63.0% of earnings. Free cash flow covers the dividend 7.89 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Hwacom Systems (6163)?
For today's price to be fair in a discounted-cash-flow model, Hwacom Systems would have to grow free cash flow by -6.3 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.4 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 6163 use?
Our models discount Hwacom Systems at 11.8 %: a base by market capitalisation (micro), damped by beta 0.45, 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 Hwacom Systems that is -6.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Hwacom Systems (6163) delivered so far?
Over the past 5 years revenue at Hwacom Systems grew +6.4 % a year. The price currently implies free-cash-flow growth of -6.3 % 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 Hwacom Systems (6163) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Hwacom Systems (-6.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hwacom Systems (6163)?
The free-cash-flow yield on the price is 14.65 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Hwacom Systems produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hwacom Systems (6163)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hwacom Systems it is 12.79 TWD per share (as of Nov 8, 2026), against a price of 32.75 TWD. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hwacom Systems stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 6163 trades above its calculated fair value: price 32.75 TWD, fair value 12.79 TWD, a gap of about −61% (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 6163?
No. The price is what the market pays today (32.75 TWD); the fair value is what the company's own numbers justify (12.79 TWD). For Hwacom Systems the two are 19.96 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Hwacom Systems worth?
The market values Hwacom Systems at about 4.9B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 32.75 TWD; our models calculate a fair value of 12.79 TWD per share.
What do the bullish and bearish scenarios say about 6163?
Our models span a range for Hwacom Systems: cautious scenario 9.13 TWD, base 12.79 TWD, optimistic 15.42 TWD per share (as of Nov 8, 2026, price 32.75 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6163?
Hwacom Systems trades at a price-to-earnings ratio of 35.6 (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 12.79 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 24.2. Other multiples: P/B 1.8, P/S 0.7, EV/EBITDA 13.5.
How solid is the balance sheet of Hwacom Systems (6163)?
Balance-sheet figures for Hwacom Systems (as of Nov 8, 2026): return on equity 4.7%, debt of 0.11 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 6163 from its 52-week high?
Hwacom Systems trades at 32.75 TWD, about 56% below its 52-week high of 74.10 TWD and 33% above the low of 24.55 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 12.79 TWD is for.
Which stocks are comparable to Hwacom Systems?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T 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 Hwacom Systems stock attractive at the current price?
The data as of Nov 8, 2026: price 32.75 TWD, calculated fair value 12.79 TWD (−61%), Quality Score 58/100, from 25 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 6163 calculated?
We run Hwacom Systems through 25 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 12.79 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. Hwacom Systems 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 Hwacom Systems (6163)?
The closing price on Nov 6, 2026 was 32.75 TWD. Our model-based fair value is 12.79 TWD, about 61% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hwacom Systems right now?
The price sits above even our optimistic bull case (15.42 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Hwacom Systems
How large is the market capitalisation of Hwacom Systems (6163)?
The market capitalisation of Hwacom Systems is 4.9B TWD (≈ $148M). 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 Hwacom Systems (6163)?
The price-to-sales ratio of Hwacom Systems is 0.71 (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 Hwacom Systems (6163)?
Earnings per share at Hwacom Systems are 0.9200 TWD (price ÷ EPS = P/E 35.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hwacom Systems (6163)?
The dividend yield of Hwacom Systems is 1.8% (payout 63.0%). 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 Hwacom Systems (6163)?
The net margin of Hwacom Systems is 1.9% (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 Hwacom Systems (6163)?
The return on equity (ROE) of Hwacom Systems is 4.7% (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 Hwacom Systems (6163)?
On an EBIT basis the return on assets of Hwacom Systems is 2.8% (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 Hwacom Systems (6163)?
The operating margin of Hwacom Systems is −2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hwacom Systems (6163)?
Revenue at Hwacom Systems is growing +23.7% versus a year earlier (3y avg +0.1%). 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 Hwacom Systems (6163)?
Earnings per share at Hwacom Systems are growing −91.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hwacom Systems (6163) carry?
The net debt of Hwacom Systems is 116M TWD (fiscal year 2024, ≈ 0.2 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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Thin data
Nov 8, 2026