Orient Semiconductor Electronics, Limited (2329) Fair Value & Analysis

Technology · TW · Market cap 28.9B TWD

A solid business, but screening 26% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (42.18 TWD). The favourable scenario is already priced in.
• Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (22.71 TWD to 42.18 TWD) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 11.46 TWD – 77.75 TWD · fair‑value band 22.71 TWD – 42.18 TWD · the 44.00 TWD price screens above the 32.45 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Orient Semiconductor Electronics, Limited (2329) currently trades at 44.00 TWD, while our model-based Fair Value estimate is 32.45 TWD, implying the stock looks roughly 26.3% overvalued today. The Quality Score stands at 62/100 (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, Orient Semiconductor Electronics, Limited generated revenue of 20.5B TWD at a net margin of 7.1%. Revenue grew 19.2% year over year. It earns a return on equity of 13.0%. The balance sheet holds a net cash position of 321M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 22.71 TWD (bear case) to 42.18 TWD (bull case); at 44.00 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 about 37% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -26%, 2329 screens cheaper 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.

Widest divergence: Multiples (36.39 TWD) versus DCF Models (3.60 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Orient Semiconductor Electronics, Limited manufactures, combines, process, and exports various types of integrated circuits, semiconductor components, computer motherboards, electronic inventory, and computer and communication circuit boards. It operates in two segments, IC semiconductor group and Electronics manufacturing services group.

Full company description

Orient Semiconductor Electronics, Limited manufactures, combines, process, and exports various types of integrated circuits, semiconductor components, computer motherboards, electronic inventory, and computer and communication circuit boards. It operates in two segments, IC semiconductor group and Electronics manufacturing services group. The company offers IC packaging and testing services comprising memory and logic IC packaging services; and IC testing services, such as wafer probing, automotive, flash memory, system level, and integrated circuit function tests. It also offers product manufacturing services, such as server motherboard and PC cards, solar controller and inverter, photoelectric and industrial analytical measurement instruments, network communication security system, automotive electronics, internet of things, and FPGA board, as well as USB drives, and solid-state disk for oil and gas, aerospace, satellite, military, and medical industries. In addition, the company provides PCBA assembly, box-build, system integration, packing, and inspection and testing services; engineering services, such as new product introduction management, design for manufacturability, and design for testability services, and engineering change management; materials management solutions, including material planning, supply chain management, and warehouse management system; and turn-key solution services, consisting of wafer probing, substrate/lead frame design, design for manufacturing, assembly, testing, EMS, etc. It offers its integrated circuit assembly and testing servicesfor consumer electronics, telecommunication network, automotive part, computer, communication, network, industrial controller, digital camera, commercial products. The company operates in Taiwan, the United States, Asia, and internationally. Orient Semiconductor Electronics, Limited was incorporated in 1971 and is headquartered in Kaohsiung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Orient Semiconductor Electronics, Limited reported revenue of 19.7B TWD in FY2025 versus 15.9B TWD in FY2021, a compound +5.4%/yr. Reported net income was 1.4B TWD in FY2025, compounding −2.0%/yr from FY2021.

2329 screens 26% overvalued. Compare with NVIDIA Corporation →

Peer Group

Semiconductors · 319 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.

Valuation Multiples vs Semiconductors median · lower = cheaper

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: 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.

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

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Frequently asked questions

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.