Danen Technology vs First Solar: Fair Value & Quality
Both stocks run through our valuation models. Here is how Danen Technology (3686) and First Solar (FSLR) compare, as of Aug 11, 2026.
As of Aug 11, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Danen Technology trades at TWD 14.90 versus a fair value of TWD 5.14 (-66%), while First Solar trades at $250 versus $284 (+14%).
Danen Technology
3686.TW · TWD · Information Technology
-66%
upside to fair value
overvalued
PriceTWD 14.90
Fair ValueTWD 5.14
Quality44/100
First Solar
FSLR · USD · Information Technology
+14%
upside to fair value
undervalued
Price$250
Fair Value$284
Quality65/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Danen TechnologyFirst Solar
Valuation
—P/E (TTM)14.7×
0.41×P/S (TTM)4.52×
0.06×P/B2.57×
—EV/EBITDA9.7×
—PEG0.60×
Profitability
-47%Net margin31%
-25%Operating margin33%
-6%Return on equity18%
-3%Return on assets8%
Growth
26%Revenue growth (YoY)24%
24.6%Avg. growth/yr (3Y)25.8%
-3.9%Avg. growth/yr (5Y)14.0%
Balance & size
—Debt / equity0.03×
$37MMarket cap$24B
weakGrowth qualityhealthy
First Solar leads: 3 to 6 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Danen Technologyof which business quality 43 · market factors 32First Solarof which business quality 66 · market factors 45
ProfitabilityMargins and returns on capital today
0
56
Quality GrowthAre margins and returns improving?
28
54
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
100
14
Low VolatilityCalm price path (market factor)
56
8
MomentumPrice trend over the last 3–12 months (market factor)
26
58
52W MomentumDistance to the 52-week high (market factor)
14
64
Net IssuanceBuybacks instead of dilution
85
80
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Danen Technology
Dividend DiscountTWD 23.18
Asset-BasedTWD 5.85
1 of 3 models see the stock below the current price.
First Solar
DCF Models$404
Earnings-Based$310
Multiples$263
Asset-Based$59.47
Growth DCF$296
Economic Profit$202
Growth Earnings$405
8 of 24 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Danen Technology
Bear TWD 3.40Fair Value TWD 5.14Bull TWD 6.43
TWD 14.90 = current price (white tick)
First Solar
Bear $194Fair Value $284Bull $356
$250 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Danen Technology · Information Technology
Quality score44 · below median
Fair value upside-66% · below median
First Solar · Information Technology
Quality score65 · Top 25%
Fair value upside+14% · Top 25%
Bottom line
As of Aug 11, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Danen Technology trades at TWD 14.90 versus a fair value of TWD 5.14 (-66%), while First Solar trades at $250 versus $284 (+14%).
First Solar has the higher quality score (65/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
