Rafael Microelectronics (6568) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Rafael Microelectronics stock TWD 116, price TWD 109, upside +6.3%, quality 78 out of 100. Rating: fairly valued. 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 83.14 TWD – 357.44 TWD · fair‑value band 95.76 TWD – 137.65 TWD · the 109.00 TWD price screens below the 115.85 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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Rafael Microelectronics, Inc., together with its subsidiaries, engages in the research, design, manufacturing, and sale of radio frequency integrated circuits, systems, and related products in Taiwan, China, Asia, Europe, and the Americas.
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The company offers IoT connectivity, optical networking, and satellite communication products, as well as STB and TV receivers. It also provides RF and IP design services; and technical and customer support services. The company was founded in 2006 and is headquartered in Zhubei, Taiwan.
Stock analysis
Rafael Microelectronics (6568) currently trades at 109.00 TWD, while our model-based Fair Value estimate is 115.85 TWD, so the stock looks roughly fairly valued today (gap 5.9%).
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Valuation
Bull case: the Multiples group reads highest at a median of 117.68 TWD per share, and 6 of the 25 models we run sit above the 109.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 18.90 TWD, and 19 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 95.76 TWD (bear) to 137.65 TWD (bull), the price of 109.00 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 78/100 (high 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.
Rafael Microelectronics reported revenue of 1.1B TWD in FY2025 versus 1.0B TWD in FY2021, a compound +2.5%/yr. Reported net income was 122M TWD in FY2025, compounding −7.5%/yr from FY2021.
Key figures
Market cap 3.3B TWD (≈ $101M) Micro · P/E ratio 22.1 · P/S ratio 2.68 · EPS (TTM) 4.93 TWD · Dividend yield 1.8% · Net margin 12.5% · Return on equity 10.2% · Return on assets (EBIT) 7.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (medium confidence).
What moves the price
The share trades about 60% below its 52-week high and 15% 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 6%, 6568 screens cheaper than that median.
Fair Value models
Bear95.76 TWDFair Value 115.85 TWDBull137.65 TWD
Price 109.00 TWD · Upside +6.3%
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 (2.51 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
FCF DCF81.27 TWD100.32 TWD121.88 TWD82
Growth DCF81.98 TWD99.18 TWD117.84 TWD80
Owner Earnings67.50 TWD82.63 TWD99.76 TWD78
All 25 models by family
DCF Models
FCF DCF81.27 TWD100.32 TWD121.88 TWD82
Owner Earnings67.50 TWD82.63 TWD99.76 TWD78
5Y Revenue Exit67.97 TWD87.99 TWD111.91 TWD74
5Y EBITDA Exit83.93 TWD116.24 TWD151.80 TWD76
5Y P/E Exit84.09 TWD116.51 TWD148.41 TWD72
10Y Revenue Exit72.70 TWD89.75 TWD109.68 TWD68
10Y EBITDA Exit81.99 TWD105.72 TWD133.94 TWD70
10Y P/E Exit82.07 TWD105.88 TWD131.88 TWD65
Earnings-Based
Graham-Dodd26.94 TWD62.06 TWD79.65 TWD65
PEG = 1.010.43 TWD14.90 TWD19.37 TWD57
EPV45.35 TWD48.97 TWD51.88 TWD74
Dividend Discount
Gordon GGM13.63 TWD19.60 TWD24.76 TWD69
DDM Multi-Stage13.63 TWD18.20 TWD22.22 TWD67
Multiples
P/E Multiple83.20 TWD110.93 TWD138.66 TWD63
P/S Multiple50.51 TWD67.35 TWD84.19 TWD58
P/B Multiple117.13 TWD156.18 TWD195.22 TWD55
EV/EBIT103.86 TWD133.83 TWD163.80 TWD66
EV/EBITDA96.81 TWD124.43 TWD152.05 TWD67
EV/Revenue59.40 TWD78.88 TWD98.36 TWD54
Asset-Based
NCAV (Graham)25.12 TWD38.07 TWD47.58 TWD54
Growth DCF
Growth DCF81.98 TWD99.18 TWD117.84 TWD80
Rev-Margin DCF67.97 TWD89.32 TWD112.51 TWD74
Economic Profit
Residual Income37.60 TWD38.64 TWD41.47 TWD76
ROIC Compounder45.35 TWD48.97 TWD52.51 TWD72
Growth Earnings
Growth-Adj P/E61.57 TWD87.96 TWD114.35 TWD67
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+6.7%
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.
−4.4%
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.
+1.4%
Start year 2020 (pandemic). Over 10 years: +3.9% a year
Revenue growth 13 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.
+14.4%
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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.
−6.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.3%
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.20% → 14%
⚠ Revenue per share shrinking 4.3%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+2.2%
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 +0.6% a year for the price.
Compare Rafael Microelectronics 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 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside+6.3% · Top 25%
Profitability
Return on equity (12 months)10.2% · Above median
Return on assets6.8% · Above median
Net margin (12 months)12.5% · Above median
Operating margin (12 months)13.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)8.1% · Below median
Dividend yield (12 months)1.8% · Above median
Valuation Multiplesvs Semiconductors 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). "Rafael Microelectronics Fair Value". https://www.fairvalue-calculator.com/stock/6568
Frequently asked questions
Is Rafael Microelectronics (6568) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 115.85 TWD versus a price of 109.00 TWD, about +6% upside (fairly valued).
What is the fair value of 6568?
Our model-based fair value for Rafael Microelectronics is 115.85 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 109.00 TWD.
What is the quality score of 6568?
Rafael Microelectronics has a Quality Score of 78/100. 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 Rafael Microelectronics (6568)?
Our model-based price target is the fair value of 115.85 TWD (as of Nov 8, 2026) from 25 valuation models. Cautious scenario 95.76 TWD, optimistic scenario 137.65 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Rafael Microelectronics stock forecast for 2026?
Our models put fair value at 115.85 TWD, about +6% upside versus a price of 109.00 TWD (fairly valued). Cautious scenario 95.76 TWD, optimistic scenario 137.65 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Rafael Microelectronics (6568)?
Rafael Microelectronics reported trailing-twelve-month revenue of about 1.2B TWD (latest available figure, as of Nov 8, 2026).
Does Rafael Microelectronics pay a dividend?
Rafael Microelectronics currently shows a dividend yield of 1.83% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Rafael Microelectronics (6568) and when is the ex-dividend date?
Rafael Microelectronics pays a dividend of 2.00 TWD per share a year, a dividend yield of 1.8%. The last ex-dividend date was May 29, 2026. A dividend has been paid every year since at least 2016. The payout ratio is 40.6% of earnings. Free cash flow covers the dividend 4.43 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Rafael Microelectronics (6568)?
For today's price to be fair in a discounted-cash-flow model, Rafael Microelectronics would have to grow free cash flow by +2.2 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 6568 use?
Our models discount Rafael Microelectronics at 12.9 %: a base by market capitalisation (micro), damped by beta 0.89, 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 Rafael Microelectronics that is +2.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has Rafael Microelectronics (6568) delivered so far?
Over the past 5 years revenue at Rafael Microelectronics grew +1.4 % a year. The price currently implies free-cash-flow growth of +2.2 % 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 Rafael Microelectronics (6568) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Rafael Microelectronics (+2.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Rafael Microelectronics (6568)?
The free-cash-flow yield on the price is 8.11 %: that much free cash flow Rafael Microelectronics produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Rafael Microelectronics (6568)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Rafael Microelectronics it is 115.85 TWD per share (as of Nov 8, 2026), against a price of 109.00 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 Rafael Microelectronics stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 6568 trades below its calculated fair value: price 109.00 TWD, fair value 115.85 TWD, a gap of about +6% (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 6568?
No. The price is what the market pays today (109.00 TWD); the fair value is what the company's own numbers justify (115.85 TWD). For Rafael Microelectronics the two are 6.85 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Rafael Microelectronics worth?
The market values Rafael Microelectronics at about 3.3B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 109.00 TWD; our models calculate a fair value of 115.85 TWD per share.
What do the bullish and bearish scenarios say about 6568?
Our models span a range for Rafael Microelectronics: cautious scenario 95.76 TWD, base 115.85 TWD, optimistic 137.65 TWD per share (as of Nov 8, 2026, price 109.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6568?
Rafael Microelectronics trades at a price-to-earnings ratio of 22.1 (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 115.85 TWD is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 38.1. Other multiples: P/B 2.1, P/S 2.7, EV/EBITDA 15.7.
How solid is the balance sheet of Rafael Microelectronics (6568)?
Balance-sheet figures for Rafael Microelectronics (as of Nov 8, 2026): return on equity 10.2%. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is 6568 from its 52-week high?
Rafael Microelectronics trades at 109.00 TWD, about 60% below its 52-week high of 271.62 TWD and 15% above the low of 94.47 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 115.85 TWD is for.
Which stocks are comparable to Rafael Microelectronics?
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 Rafael Microelectronics stock attractive at the current price?
The data as of Nov 8, 2026: price 109.00 TWD, calculated fair value 115.85 TWD (+6%), Quality Score 78/100, 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 6568 calculated?
We run Rafael Microelectronics 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 115.85 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. Rafael Microelectronics currently trades 6% below its own fair value, and the market average says nothing about that. 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 Rafael Microelectronics (6568)?
The closing price on Nov 9, 2026 was 109.00 TWD. Our model-based fair value is 115.85 TWD, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Rafael Microelectronics right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Rafael Microelectronics
How large is the market capitalisation of Rafael Microelectronics (6568)?
The market capitalisation of Rafael Microelectronics is 3.3B TWD (≈ $101M). 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 Rafael Microelectronics (6568)?
The price-to-sales ratio of Rafael Microelectronics is 2.68 (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 Rafael Microelectronics (6568)?
Earnings per share at Rafael Microelectronics are 4.93 TWD (price ÷ EPS = P/E 22.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Rafael Microelectronics (6568)?
The dividend yield of Rafael Microelectronics is 1.8% (payout 40.6%). 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 Rafael Microelectronics (6568)?
The net margin of Rafael Microelectronics is 12.5% (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 Rafael Microelectronics (6568)?
The return on equity (ROE) of Rafael Microelectronics is 10.2% (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 Rafael Microelectronics (6568)?
On an EBIT basis the return on assets of Rafael Microelectronics is 7.2% (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 Rafael Microelectronics (6568)?
The operating margin of Rafael Microelectronics is 13.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Rafael Microelectronics (6568)?
Revenue at Rafael Microelectronics is growing +8.1% versus a year earlier (3y avg −4.4%). 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 Rafael Microelectronics (6568)?
Earnings per share at Rafael Microelectronics are growing +621% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Rafael Microelectronics (6568) hold?
Rafael Microelectronics holds more cash than debt, 429M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026