Andes Technology Corp (6533) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Andes Technology Corp stock TWD 201, price TWD 217, that is 7.2% below the price, quality 60 out of 100. Rating: fairly valued. 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 5, 2026.
How to read this chart
60‑month range 172.00 TWD – 618.64 TWD · fair‑value band 112.68 TWD – 339.52 TWD · the 217.00 TWD price screens above the 201.40 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Andes Technology Corporation provides embedded system application solutions.
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The company offers AndeStar Architecture, a patented 32-bit/64-bit RISC-style CPU architecture; AndesCore, a series of 32-bit/64-bit CPUs for use in embedded applications; AndesAIRE, a solutions designed for edge and end-point inference; AndeShape platform, a system development platform for various processors; AndeSight IDE, an eclipse-based embedded applications for compilers and linux support applications; and AndeSoft SW Stack, which provides a set of software components, such as real-time operating system, Linux kernel and drivers, libraries, middleware, and application frameworks.
It is also involved in research, design, development, manufacturing, and sales of embedded microprocessor core intellectual property and related hardware; software development platforms and toolchains; silicon intelligence licenses; and silicon intelligence maintenance, as well as silicon intellectual property maintenance, custom computing, and nursing and royalties service.
The company was incorporated in 2005 is based in Hsinchu City, Taiwan.
Stock analysis
Andes Technology Corp (6533) currently trades at 217.00 TWD, while our model-based Fair Value estimate is 201.40 TWD, so the stock looks roughly fairly valued today (gap 7.7%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 105.13 TWD per share, and 0 of the 11 models we run sit above the 217.00 TWD price.
Bear case: the Multiples group reads lowest at 66.60 TWD, and 11 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 112.68 TWD (bear) to 339.52 TWD (bull), the price of 217.00 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 60/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Andes Technology Corp reported revenue of 1.5B TWD in FY2025 versus 820M TWD in FY2021, a compound +15.9%/yr. Reported net income was −415M TWD in FY2025.
Key figures
Market cap 11.3B TWD (≈ $343M) Small · P/S ratio 7.62 · EPS (TTM) −4.84 TWD · Net margin −13.8% · Return on equity −5.8% · Return on assets (EBIT) −1.2% (5-year average) · Operating margin −18.4% · Revenue (TTM) 1.8B TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (medium confidence).
What moves the price
The share trades about 41% below its 52-week high and 26% above 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 −7%, 6533 screens richer than that median.
Fair Value models
Bear112.68 TWDFair Value 201.40 TWDBull339.52 TWD
Price 217.00 TWD · Downside -7.2%
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
FCF DCF65.60 TWD100.91 TWD187.82 TWD77
Growth DCF62.47 TWD106.04 TWD176.46 TWD76
Owner Earnings60.76 TWD118.19 TWD217.99 TWD73
All 11 models by family
DCF Models
FCF DCF65.60 TWD100.91 TWD187.82 TWD77
Owner Earnings60.76 TWD118.19 TWD217.99 TWD73
5Y Revenue Exit56.31 TWD100.70 TWD179.00 TWD70
5Y EBITDA Exit52.42 TWD92.17 TWD157.48 TWD73
10Y Revenue Exit57.18 TWD104.70 TWD165.19 TWD65
10Y EBITDA Exit56.34 TWD98.47 TWD169.76 TWD66
Multiples
EV/EBITDA46.47 TWD62.32 TWD78.17 TWD67
EV/Revenue49.29 TWD70.88 TWD92.47 TWD53
Asset-Based
NCAV (Graham)3.77 TWD5.71 TWD7.13 TWD55
Growth DCF
Growth DCF62.47 TWD106.04 TWD176.46 TWD76
Rev-Margin DCF56.31 TWD104.22 TWD174.41 TWD70
The fair value above starts from this blend and is adjusted for a cyclical trough 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.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.0%
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.
+16.6%
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.
+20.5%
Start year 2020 (pandemic). Over 10 years: +21.0% a year
Revenue growth 12 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.
+22.7%
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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.
13.4% (2020) → −28.4% (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).
+27.6%
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 +25.7% 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.Semiconductor Equipment & Materials · 235 stocks
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 Andes Technology Corp (6533) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 201.40 TWD versus a price of 217.00 TWD, about 7% lower (fairly valued).
What is the fair value of 6533?
Our model-based fair value for Andes Technology Corp is 201.40 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 217.00 TWD.
What is the quality score of 6533?
Andes Technology Corp has a Quality Score of 60/100. 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 Andes Technology Corp (6533)?
Our model-based price target is the fair value of 201.40 TWD (as of Nov 5, 2026) from 11 valuation models. Cautious scenario 112.68 TWD, optimistic scenario 339.52 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Andes Technology Corp stock forecast for 2026?
Our models put fair value at 201.40 TWD, about 7% lower versus a price of 217.00 TWD (fairly valued). Cautious scenario 112.68 TWD, optimistic scenario 339.52 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Andes Technology Corp (6533)?
Andes Technology Corp reported trailing-twelve-month revenue of about 1.8B TWD (latest available figure, as of Nov 5, 2026).
What growth is priced into Andes Technology Corp (6533)?
For today's price to be fair in a discounted-cash-flow model, Andes Technology Corp would have to grow free cash flow by +27.6 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +20.5 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 6533 use?
Our models discount Andes Technology Corp at 12.1 %: a base by market capitalisation (small), damped by beta 1.10, 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 Andes Technology Corp that is +27.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has Andes Technology Corp (6533) delivered so far?
Over the past 5 years revenue at Andes Technology Corp grew +20.5 % a year. The price currently implies free-cash-flow growth of +27.6 % 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 Andes Technology Corp (6533) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Andes Technology Corp (+27.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Andes Technology Corp (6533)?
The free-cash-flow yield on the price is 2.62 %: that much free cash flow Andes Technology Corp produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Andes Technology Corp (6533)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Andes Technology Corp it is 201.40 TWD per share (as of Nov 5, 2026), against a price of 217.00 TWD. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Andes Technology Corp stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 6533 trades above its calculated fair value: price 217.00 TWD, fair value 201.40 TWD, a gap of about −7% (fairly valued). 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 6533?
No. The price is what the market pays today (217.00 TWD); the fair value is what the company's own numbers justify (201.40 TWD). For Andes Technology Corp the two are 15.60 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Andes Technology Corp worth?
The market values Andes Technology Corp at about 11.3B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 217.00 TWD; our models calculate a fair value of 201.40 TWD per share.
What do the bullish and bearish scenarios say about 6533?
Our models span a range for Andes Technology Corp: cautious scenario 112.68 TWD, base 201.40 TWD, optimistic 339.52 TWD per share (as of Nov 5, 2026, price 217.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Andes Technology Corp (6533)?
Balance-sheet figures for Andes Technology Corp (as of Nov 5, 2026): return on equity −5.8%, debt of 0.31 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 6533 from its 52-week high?
Andes Technology Corp trades at 217.00 TWD, about 41% below its 52-week high of 366.50 TWD and 26% above the low of 172.00 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 201.40 TWD is for.
Which stocks are comparable to Andes Technology Corp?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, 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 Andes Technology Corp stock attractive at the current price?
The data as of Nov 5, 2026: price 217.00 TWD, calculated fair value 201.40 TWD (−7%), Quality Score 60/100, 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 6533 calculated?
We run Andes Technology Corp through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 201.40 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. Andes Technology 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 Andes Technology Corp (6533)?
The closing price on Nov 9, 2026 was 217.00 TWD. Our model-based fair value is 201.40 TWD, about 7% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Andes Technology Corp right now?
The model range is unusually wide (112.68 TWD to 339.52 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Andes Technology Corp
How large is the market capitalisation of Andes Technology Corp (6533)?
The market capitalisation of Andes Technology Corp is 11.3B TWD (≈ $343M). 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 Andes Technology Corp (6533)?
The price-to-sales ratio of Andes Technology Corp is 7.62 (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 Andes Technology Corp (6533)?
Earnings per share at Andes Technology Corp are −4.84 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Andes Technology Corp (6533)?
The net margin of Andes Technology Corp is −13.8% (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 Andes Technology Corp (6533)?
The return on equity (ROE) of Andes Technology Corp is −5.8% (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 Andes Technology Corp (6533)?
On an EBIT basis the return on assets of Andes Technology Corp is −1.2% (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 Andes Technology Corp (6533)?
The operating margin of Andes Technology Corp is −18.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Andes Technology Corp (6533)?
Revenue at Andes Technology Corp is growing +103% versus a year earlier (3y avg +16.6%). 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 Andes Technology Corp (6533)?
Earnings per share at Andes Technology Corp are growing −64.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Andes Technology Corp (6533) carry?
The net debt of Andes Technology Corp is 56.0M TWD (fiscal year 2025, ≈ 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 5, 2026