D-Link Corp (2332) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of D-Link Corp TWD 2.58, price TWD 20.10, upside -87.2%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 13.46 TWD – 27.18 TWD · fair‑value band 2.38 TWD – 2.88 TWD · the 20.10 TWD price screens above the 2.58 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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D-Link Corporation researches, develops, and sells local area computer network systems, wireless local area computer networks, and spare parts for integrated circuits in Taiwan, India, and internationally.
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D-Link Corporation researches, develops, and sells local area computer network systems, wireless local area computer networks, and spare parts for integrated circuits in Taiwan, India, and internationally. It offers home networking products, such as Wi-Fi systems, routers, and range extenders, as well as adapters, switches, DSL modems and routers, and mobile Wi-Fi hotspots; cameras, smart plugs, sensors, and hubs; and accessories, including USB hubs. In addition, the company provides switches, which consist of cloud managed and unmanaged switches, smart switches, data centre switches, IP surveillance, consumer, enterprise, and industrial switches, and switch accessories; transceivers and modules, PoE injectors, stacking cables, and NIC cards and media converters; and VPN security routers, managed platform, and hardware-managed access points. Further, it offers management software; wireless products; camera accessories and network video recorders; network security products, including UTM firewalls and VPN routers; and network infrastructure. Additionally, the company offers smart home ecosystems and edge cloud solutions; D-ViewCam, a video management software; and D-View 8, a network management software. D-Link Corporation was founded in 1986 and is based in Taipei, Taiwan.
Stock analysis
D-Link Corp (2332) currently trades at 20.10 TWD, while our model-based Fair Value estimate is 2.58 TWD, implying the stock looks roughly 678.8% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 9.31 TWD per share, and 0 of the 3 models we run sit above the 20.10 TWD price.
Bear case: the Dividend Discount group reads lowest at 2.43 TWD, and 3 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: 2.38 TWD (bear) to 2.88 TWD (bull), the price of 20.10 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 45/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
D-Link Corp reported revenue of 13.4B TWD in FY2025 versus 15.5B TWD in FY2021, a compound −3.7%/yr. Reported net income was −540M TWD in FY2025.
Key figures
Market cap 12.0B TWD (≈ $379M) · P/S ratio 0.91 · EPS (TTM) −0.9000 TWD · Dividend yield 1.4% · Net margin −4.0% · Return on equity −2.7% · Return on assets (EBIT) 0.7% · Operating margin 0.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 47% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −87%, 2332 screens richer than that median.
Fair Value models
Bear 2.38 TWDFair Value 2.58 TWDBull 2.88 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.1%
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.
−7.8%
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.
−2.5%
Start year 2020 (pandemic). Over 10 years: −6.7% a year
Revenue growth 25 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.
−0.2%
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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.
10.0% (2020) → −2.5% (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.Communication Equipment · 316 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−87% · Bottom 25%
Profitability
Return on assets−1% · Below median
Net margin (TTM)−3% · Below median
Operating margin (TTM)1% · Below median
Growth and dividend
Revenue growth3% · Below median
Dividend yield (TTM)1.4% · Above median
Balance sheet
Debt / equity0.05× · Above median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/B0.05× · Cheapest 25%
P/S (TTM)0.03× · Cheapest 25%
PEG0.90× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)16· sector 37
PAST (return on equity)0· sector 15
HEALTH (low debt)98· sector 98
DIVIDEND (yield)28· sector 23
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.
Cite: Fair Value Calculator (2026). "D-Link Corp Fair Value". https://www.fairvalue-calculator.com/stock/2332
Frequently asked questions
Is D-Link Corp (2332) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2.58 TWD versus a price of 20.10 TWD, about −87% upside (overvalued).
What is the fair value of 2332?
Our model-based fair value for D-Link Corp is 2.58 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 20.10 TWD.
What is the quality score of 2332?
D-Link Corp has a Quality Score of 45/100. 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 D-Link Corp (2332)?
Our model-based price target is the fair value of 2.58 TWD (as of Sep 24, 2026) from 3 valuation models. Cautious scenario 2.38 TWD, optimistic scenario 2.88 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the D-Link Corp stock forecast for 2026?
Our models put fair value at 2.58 TWD, about −87% upside versus a price of 20.10 TWD (overvalued). Cautious scenario 2.38 TWD, optimistic scenario 2.88 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of D-Link Corp (2332)?
D-Link Corp reported trailing-twelve-month revenue of about 13.5B TWD (latest available figure, as of Sep 24, 2026).
Does D-Link Corp pay a dividend?
D-Link Corp currently shows a dividend yield of about 1.41% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of D-Link Corp (2332)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For D-Link Corp it is 2.58 TWD per share (as of Sep 24, 2026), against a price of 20.10 TWD. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is D-Link Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2332 trades above its calculated fair value: price 20.10 TWD, fair value 2.58 TWD, a gap of about −87% (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 2332?
No. The price is what the market pays today (20.10 TWD); the fair value is what the company's own numbers justify (2.58 TWD). For D-Link Corp the two are 17.52 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is D-Link Corp worth?
The market values D-Link Corp at about 12.0B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 20.10 TWD; our models calculate a fair value of 2.58 TWD per share.
What do the bullish and bearish scenarios say about 2332?
Our models span a range for D-Link Corp: cautious scenario 2.38 TWD, base 2.58 TWD, optimistic 2.88 TWD per share (as of Sep 24, 2026, price 20.10 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 2332?
The PEG ratio of D-Link Corp is 0.90 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of D-Link Corp (2332)?
Balance-sheet figures for D-Link Corp (as of Sep 24, 2026): return on equity −2.7%, debt of 0.05 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 2332 from its 52-week high?
D-Link Corp trades at 20.10 TWD, about 23% below its 52-week high of 25.95 TWD and 47% above the low of 13.65 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 2.58 TWD is for.
Which stocks are comparable to D-Link Corp?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Eoptolink 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 D-Link Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 20.10 TWD, calculated fair value 2.58 TWD (−87%), Quality Score 45/100, from 3 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 2332 calculated?
We run D-Link Corp through 3 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 2.58 TWD, 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 14.0 % above its aggregate fair value. D-Link Corp 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 D-Link Corp (2332)?
The closing price on Sep 24, 2026 was 20.10 TWD. Our model-based fair value is 2.58 TWD, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with D-Link Corp right now?
The price sits above even our optimistic bull case (2.88 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of D-Link Corp
How large is the market capitalisation of D-Link Corp (2332)?
The market capitalisation of D-Link Corp is 12.0B TWD (≈ $379M). 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 D-Link Corp (2332)?
The price-to-sales ratio of D-Link Corp is 0.91 (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 D-Link Corp (2332)?
Earnings per share at D-Link Corp are −0.9000 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of D-Link Corp (2332)?
The dividend yield of D-Link Corp is 1.4%. 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 D-Link Corp (2332)?
The net margin of D-Link Corp is −4.0% (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 return on equity of D-Link Corp (2332)?
The return on equity (ROE) of D-Link Corp is −2.7% (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 D-Link Corp (2332)?
On an EBIT basis the return on assets of D-Link Corp is 0.7% (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 D-Link Corp (2332)?
The operating margin of D-Link Corp is 0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at D-Link Corp (2332)?
Revenue at D-Link Corp is growing +3.1% versus a year earlier (3y avg −7.8%). 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 D-Link Corp (2332)?
Earnings per share at D-Link Corp are growing −94.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does D-Link Corp (2332) generate?
The free cash flow of D-Link Corp is −333M 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 cash does D-Link Corp (2332) hold?
D-Link Corp holds more cash than debt, 2.1B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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