ACpay Co., Ltd. (6984) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of ACpay Co., Ltd. stock TWD 3.66, price TWD 9.50, that is 61.4% below the price, quality 17 out of 100. Rating: strongly overvalued. Calculated from audited financials with one 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 4, 2026.
How to read this chart
11‑month range 9.31 TWD – 31.15 TWD · fair‑value band 2.74 TWD – 5.47 TWD · the 9.50 TWD price screens above the 3.66 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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ACpay Co., Ltd. researches and develops payment gateway system. It also offers de-identified digital identity certification system, digital asset certification system, machine learning recommendation system, merchant public opinion analysis system, and automated account processing system.
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The company was founded in 2020 and is based in Taipei, Taiwan.
Stock analysis
ACpay Co., Ltd. (6984) currently trades at 9.50 TWD, while our model-based Fair Value estimate is 3.66 TWD, 61% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.
Scenario range: 2.74 TWD (bear) to 5.47 TWD (bull), the price of 9.50 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 17/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
ACpay Co., Ltd. reported revenue of 147M TWD in FY2025 versus 10.8M TWD in FY2021, a compound +92.0%/yr. Reported net income was −83.2M TWD in FY2025.
Key figures
Market cap 183M TWD (≈ $5.6M) Micro · EPS (TTM) −5.65 TWD · Net margin −56.5% · Return on assets (EBIT) −13.1% (5-year average) · Free cash flow −17.2M TWD · Net debt 40.6M TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).
What moves the price
The share trades about 70% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −61%, 6984 screens richer than that median.
Fair Value models
Bear2.74 TWDFair Value 3.66 TWDBull5.47 TWD
Price 9.50 TWD · Downside -61.4%
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.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
NCAV (Graham)3.22 TWD4.31 TWD6.43 TWD54
All 1 models by family
Asset-Based
NCAV (Graham)3.22 TWD4.31 TWD6.43 TWD54
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.8%
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.
+24.7%
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.
+193.4%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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.
−32.2% (2020) → −8.0% (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
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.Software - Infrastructure · 346 stocks
Beats the industry median on 0/7 measures
Overall it trails its industry peers.
Valuation
Quality Score17 · Bottom 25%
Fair Value upside−61.4% · Bottom 25%
Profitability
Return on assets−18.3% · Bottom 25%
Net margin (12 months)−56.5% · Bottom 25%
Operating margin (12 months)0.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Balance sheet
Debt / equity0.73× · Highest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 23
FUTURE (revenue growth)0· sector 60
PAST (return on equity)0· sector 23
HEALTH (low debt)64· sector 98
DIVIDEND (yield)0· sector 30
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 ACpay Co., Ltd. (6984) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 3.66 TWD versus a price of 9.50 TWD, about 61% lower (overvalued).
What is the fair value of 6984?
Our model-based fair value for ACpay Co., Ltd. is 3.66 TWD (as of Nov 4, 2026), built from audited fundamentals. The current price: 9.50 TWD.
What is the quality score of 6984?
ACpay Co., Ltd. has a Quality Score of 17/100. 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 ACpay Co., Ltd. (6984)?
Our model-based price target is the fair value of 3.66 TWD (as of Nov 4, 2026) from 1 valuation models. Cautious scenario 2.74 TWD, optimistic scenario 5.47 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the ACpay Co., Ltd. stock forecast for 2026?
Our models put fair value at 3.66 TWD, about 61% lower versus a price of 9.50 TWD (overvalued). Cautious scenario 2.74 TWD, optimistic scenario 5.47 TWD. The calculation is refreshed regularly with new filings.
What is the intrinsic value of ACpay Co., Ltd. (6984)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ACpay Co., Ltd. it is 3.66 TWD per share (as of Nov 4, 2026), against a price of 9.50 TWD. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is ACpay Co., Ltd. stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 6984 trades above its calculated fair value: price 9.50 TWD, fair value 3.66 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 6984?
No. The price is what the market pays today (9.50 TWD); the fair value is what the company's own numbers justify (3.66 TWD). For ACpay Co., Ltd. the two are 5.84 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is ACpay Co., Ltd. worth?
The market values ACpay Co., Ltd. at about 183M TWD (market capitalisation, as of Nov 4, 2026). Per share that is 9.50 TWD; our models calculate a fair value of 3.66 TWD per share.
What do the bullish and bearish scenarios say about 6984?
Our models span a range for ACpay Co., Ltd.: cautious scenario 2.74 TWD, base 3.66 TWD, optimistic 5.47 TWD per share (as of Nov 4, 2026, price 9.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ACpay Co., Ltd. (6984)?
Balance-sheet figures for ACpay Co., Ltd. (as of Nov 4, 2026): debt of 0.73 per unit of equity. They feed the Quality Score of 17/100, which measures business quality independently of the share price.
How far is 6984 from its 52-week high?
ACpay Co., Ltd. trades at 9.50 TWD, about 70% below its 52-week high of 31.15 TWD and 2% above the low of 9.31 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 3.66 TWD is for.
Which stocks are comparable to ACpay Co., Ltd.?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, 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 ACpay Co., Ltd. stock attractive at the current price?
The data as of Nov 4, 2026: price 9.50 TWD, calculated fair value 3.66 TWD (−61%), Quality Score 17/100, from 1 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 6984 calculated?
We run ACpay Co., Ltd. through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 3.66 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. ACpay Co., Ltd. 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 ACpay Co., Ltd. (6984)?
The closing price on Nov 9, 2026 was 9.50 TWD. Our model-based fair value is 3.66 TWD, about 61% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ACpay Co., Ltd. right now?
The price sits above even our optimistic bull case (5.47 TWD). The favourable scenario is already priced in. Weak quality (17/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (2.74 TWD to 5.47 TWD) leaves room in how you read the outcome.
Key figures of ACpay Co., Ltd.
How large is the market capitalisation of ACpay Co., Ltd. (6984)?
The market capitalisation of ACpay Co., Ltd. is 183M TWD (≈ $5.6M). 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 are the earnings per share of ACpay Co., Ltd. (6984)?
Earnings per share at ACpay Co., Ltd. are −5.65 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ACpay Co., Ltd. (6984)?
The net margin of ACpay Co., Ltd. is −56.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of ACpay Co., Ltd. (6984)?
On an EBIT basis the return on assets of ACpay Co., Ltd. is −13.1% (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.
How much free cash flow does ACpay Co., Ltd. (6984) generate?
The free cash flow of ACpay Co., Ltd. is −17.2M 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 debt does ACpay Co., Ltd. (6984) carry?
The net debt of ACpay Co., Ltd. is 40.6M TWD (fiscal year 2025). 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 4, 2026
