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Microtek International, IMicrotek International, Inc (2305) Fair Value & Analysis

Technology · TW · Market cap 6.8B TWD

MI Microtek International, IMicrotek International, Inc 2305 · TW
Price29.05 TWD
Fair Value3.75 TWD
Upside-87.1%
Quality66/100
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Healthy Growth
Thin margins · 6.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 34/100
Evidence: Medium Range 2.94 TWD – 4.24 TWD Share as image

Fair value as of: Jul 23, 2026

From 19 valuation models · updated 18 days ago

Share price −19.3% over the past month.

A solid business, but screening 87% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (4.24 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

42.65 TWD 7.39 TWD Fair Value 3.75 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 7.39 TWD – 42.65 TWD · fair‑value band 2.94 TWD – 4.24 TWD · the 29.05 TWD price screens above the 3.75 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Microtek International, IMicrotek International, Inc (2305) currently trades at 29.05 TWD, while our model-based Fair Value estimate is 3.75 TWD, implying the stock looks roughly 87.1% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Microtek International, IMicrotek International, Inc generated revenue of 828M TWD at a net margin of 6.6%. Revenue grew 49.2% year over year. It earns a return on equity of 4.6%. The balance sheet holds a net cash position of 364M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 2.94 TWD (bear case) to 4.24 TWD (bull case); at 29.05 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 199% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -87%, 2305 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF 9.06 TWD 11.26 TWD 14.90 TWD 80
Residual Income 7.75 TWD 7.26 TWD 5.49 TWD 76
Rev-Margin DCF 8.42 TWD 11.21 TWD 14.64 TWD 74
All 19 models by family
DCF Models
FCF DCF 8.79 TWD 11.08 TWD 15.17 TWD 38
Owner Earnings 6.17 TWD 7.50 TWD 9.88 TWD 31
5Y Revenue Exit 8.42 TWD 11.06 TWD 14.90 TWD 39
5Y EBITDA Exit 5.79 TWD 6.52 TWD 7.47 TWD 41
5Y P/E Exit 6.55 TWD 7.83 TWD 9.37 TWD 38
10Y Revenue Exit 8.37 TWD 10.32 TWD 12.40 TWD 36
10Y EBITDA Exit 6.97 TWD 7.57 TWD 8.14 TWD 37
10Y P/E Exit 7.42 TWD 8.36 TWD 9.23 TWD 35
Earnings-Based
Graham-Dodd 1.33 TWD 1.63 TWD 1.83 TWD 54
Multiples
P/E Multiple 2.94 TWD 3.92 TWD 4.90 TWD 63
P/S Multiple 2.50 TWD 3.33 TWD 4.17 TWD 58
P/B Multiple 2.50 TWD 3.33 TWD 4.17 TWD 55
EV/EBITDA 4.01 TWD 4.50 TWD 4.99 TWD 54
EV/Revenue 8.68 TWD 11.31 TWD 13.94 TWD 43
Asset-Based
NCAV (Graham) 5.64 TWD 7.56 TWD 11.29 TWD 50
Growth DCF
Growth DCF 9.06 TWD 11.26 TWD 14.90 TWD 80
Rev-Margin DCF 8.42 TWD 11.21 TWD 14.64 TWD 74
Economic Profit
Residual Income 7.75 TWD 7.26 TWD 5.49 TWD 76
Growth Earnings
Growth-Adj P/E 2.08 TWD 2.97 TWD 3.86 TWD 68

Widest divergence: Growth DCF (11.21 TWD) versus Earnings-Based (1.63 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 828M TWD
Revenue growth (YoY) +49.2%
Net margin 6.6%
Return on equity 4.6%
Free cash flow 137M TWD FY2025
P/E ratio 168.8
More key figures
Operating margin 3.1%
EPS (TTM) 0.2000 TWD
EPS growth (YoY) +83.9%
Net cash 364M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 67 · Market factors (momentum, volatility) 80

Profitability 21
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 71
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Microtek International, IMicrotek International, Inc., together with its subsidiaries, engages in the design, manufacture, and sale scanners, related computer information peripherals, and fiber optic engineering test instruments in China and internationally. It operates through two segments, Image Scanner and Optoelectronic Equipment.

Full company description

Microtek International, IMicrotek International, Inc., together with its subsidiaries, engages in the design, manufacture, and sale scanners, related computer information peripherals, and fiber optic engineering test instruments in China and internationally. It operates through two segments, Image Scanner and Optoelectronic Equipment. The company offers NDT/RT film digitizers, line cameras, fabric defect detection, industrial inspections, and NDT inspecting software; software products, including digital archiving, document management, artworks management, bill management, and inspecting data management; X-ray film digitizers and application software; and gel electrophoresis and herbarium specimens. It also provides scanners for the business, medical, biotechnology, and industry sectors, such as hi-speed flatbed, ADF, advanced imaging, large-scale artworks, object, fingerprint gels, and multispectral and anti-counterfeiting scanners; and entry-level and document cameras, as well as optical source devices, light instruments, and light source manufacturing systems. In addition, the company engages in investment activities; and provision of electronic communication technology consulting services, as well as after-sales service of electronic products. Microtek International, Inc. was incorporated in 1980 and is headquartered in Hsinchu City, Taiwan.nc. was incorporated in 1980 and is based in Hsinchu City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Microtek International, IMicrotek International, Inc reported revenue of 746M TWD in FY2025 versus 626M TWD in FY2021, a compound +4.5%/yr. Reported net income was 39.7M TWD in FY2025, compounding +18.7%/yr from FY2021.

Growth Quality 69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
746M TWD
Latest YoY
+4.1%
Avg. growth/yr (3Y) 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.
+10.4%
Avg. growth/yr (5Y) 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.
+5.1%
Avg. growth/yr (25Y) 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.
−8.1%
Revenue +4.5%/yr
FY21 626M TWD
FY22 555M TWD
FY23 576M TWD
FY24 717M TWD
FY25 746M TWD
Net income +18.7%/yr
FY21 20.0M TWD
FY22 18.8M TWD
FY23 6.8M TWD
FY24 27.8M TWD
FY25 39.7M TWD

2305 screens 87% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Microtek International, IMicrotek International, Inc Fair Value". https://www.fairvalue-calculator.com/stock/2305

Peer Group

Computer Hardware · 215 stocks

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.

Quality Score 66 · Top 25%
Fair Value upside −87% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets -0% · Below median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 49% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 168.8× · Pricier than 75% of peers
P/B 2.99× · Pricier than median
P/S (TTM) 8.27× · Pricier than 75% of peers
P/FCF 1.6× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 57
PAST 18 · sector 26
HEALTH 99 · sector 97
DIVIDEND 0 · sector 44

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is Microtek International, IMicrotek International, Inc (2305) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 3.75 TWD versus a price of 29.05 TWD, about −87% (overvalued).
What is the fair value of 2305?
Our model-based fair value for Microtek International, IMicrotek International, Inc is 3.75 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 29.05 TWD.
What is the quality score of 2305?
Microtek International, IMicrotek International, Inc has a Quality Score of 66/100. 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 revenue of Microtek International, IMicrotek International, Inc (2305)?
Microtek International, IMicrotek International, Inc reported trailing-twelve-month revenue of about 828M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 2305?
The net profit margin of Microtek International, IMicrotek International, Inc is about 6.6%, meaning it keeps roughly 6.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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