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Silicon Integrated Systems Corp (2363) Fair Value & Analysis

Technology · TW · Market cap 29.2B TWD

SI Silicon Integrated Systems Corp 2363 · TW
Price53.70 TWD
Fair Value28.02 TWD
Upside-47.8%
Quality73/100
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Healthy Growth
Highly profitable · 25.8% net margin
Low debt · generates free cash flow
1.06% dividend yield
Ranks above peers (8/13)
Moderate moat 49/100
Evidence: High Range 19.90 TWD – 28.02 TWD Share as image

Fair value as of: Jul 21, 2026

From 23 valuation models · updated 20 days ago

Share price −19.9% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (28.02 TWD). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

103.52 TWD 16.79 TWD Fair Value 28.02 TWD Mar 2021 Aug 2026

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 16.79 TWD – 103.52 TWD · fair‑value band 19.90 TWD – 28.02 TWD · the 53.70 TWD price screens above the 28.02 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Silicon Integrated Systems Corp (2363) currently trades at 53.70 TWD, while our model-based Fair Value estimate is 28.02 TWD, implying the stock looks roughly 47.8% overvalued today. The Quality Score stands at 73/100 (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: high).

Over the trailing twelve months, Silicon Integrated Systems Corp generated revenue of 3.4B TWD at a net margin of 25.8%. Revenue grew 123.6% year over year. It earns a return on equity of 4.6%. The balance sheet holds a net cash position of 2.0B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 19.90 TWD (bear case) to 28.02 TWD (bull case); at 53.70 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 25% below its 52-week high and 21% 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 -48%, 2363 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 38.74 TWD 64.85 TWD 109.19 TWD 80
Residual Income 26.72 TWD 26.66 TWD 24.49 TWD 76
Rev-Margin DCF 21.76 TWD 30.94 TWD 42.62 TWD 74
All 23 models by family
DCF Models
FCF DCF 39.01 TWD 67.51 TWD 117.26 TWD 38
Owner Earnings 25.68 TWD 43.28 TWD 74.00 TWD 31
5Y Revenue Exit 21.76 TWD 30.75 TWD 42.23 TWD 39
5Y EBITDA Exit 15.31 TWD 17.43 TWD 19.23 TWD 41
5Y P/E Exit 29.73 TWD 47.21 TWD 66.98 TWD 38
10Y Revenue Exit 26.95 TWD 37.44 TWD 52.29 TWD 36
10Y EBITDA Exit 23.00 TWD 27.67 TWD 32.99 TWD 37
10Y P/E Exit 32.56 TWD 49.52 TWD 73.06 TWD 35
Earnings-Based
Graham-Dodd 10.41 TWD 48.70 TWD 66.93 TWD 54
Lynch FV 12.88 TWD 18.40 TWD 23.92 TWD 50
PEG = 1.0 12.88 TWD 18.40 TWD 23.92 TWD 46
Dividend Discount
Gordon GGM 4.59 TWD 9.55 TWD 15.14 TWD 70
DDM Multi-Stage 4.59 TWD 8.05 TWD 10.02 TWD 61
Multiples
P/E Multiple 22.96 TWD 30.61 TWD 38.26 TWD 63
P/S Multiple 10.27 TWD 13.70 TWD 17.12 TWD 58
P/B Multiple 19.51 TWD 26.02 TWD 32.52 TWD 55
EV/EBITDA 4.17 TWD 4.17 TWD 4.17 TWD 54
EV/Revenue 13.75 TWD 17.86 TWD 21.96 TWD 43
Asset-Based
NCAV (Graham) 17.76 TWD 23.80 TWD 35.53 TWD 50
Growth DCF
Growth DCF 38.74 TWD 64.85 TWD 109.19 TWD 80
Rev-Margin DCF 21.76 TWD 30.94 TWD 42.62 TWD 74
Economic Profit
Residual Income 26.72 TWD 26.66 TWD 24.49 TWD 76
Growth Earnings
Growth-Adj P/E 19.90 TWD 28.43 TWD 36.96 TWD 68

Widest divergence: DCF Models (37.44 TWD) versus Dividend Discount (8.05 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.4B TWD
Revenue growth (YoY) +124%
Net margin 25.8%
Return on equity 4.6%
Free cash flow 1.4B TWD FY2025
P/E ratio 37.1
More key figures
Operating margin 7.2%
EPS (TTM) 1.53 TWD
Dividend yield 1.1%
EPS growth (YoY) -82.1%
Net cash 2.0B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 74 · Market factors (momentum, volatility) 43

Profitability 35
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 97
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 100
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

Silicon Integrated Systems Corp. engages in research, development, manufacture, and sale of integrated circuits and related components worldwide. The company offers data converters, AC impedance measurement, and digital multi-function meter; and low-dropout voltage regulator and LCD controller and driver.

Full company description

Silicon Integrated Systems Corp. engages in research, development, manufacture, and sale of integrated circuits and related components worldwide. The company offers data converters, AC impedance measurement, and digital multi-function meter; and low-dropout voltage regulator and LCD controller and driver. It also offers battery management IC, such as single cell and multi cell primary protectors, multi cell secondary protectors, balance IC, and gas gauge; and mixed signal microcontroller. In addition, the company provides integrated circuit design; and testing and assembly service of I/O precision packaging. Silicon Integrated Systems Corp. was founded in 1976 and is headquartered in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Silicon Integrated Systems Corp reported revenue of 2.8B TWD in FY2025 versus 252M TWD in FY2021, a compound +82.9%/yr. Reported net income was 788M TWD in FY2025, compounding +41.2%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.8B TWD
Latest YoY
+282.0%
Avg. growth/yr (3Y)
+149.2%
Avg. growth/yr (5Y)
+77.5%
Avg. growth/yr (25Y)
−4.0%
Revenue +82.9%/yr
FY21 252M TWD
FY22 182M TWD
FY23 187M TWD
FY24 739M TWD
FY25 2.8B TWD
Net income +41.2%/yr
FY21 198M TWD
FY22 484M TWD
FY23 571M TWD
FY24 499M TWD
FY25 788M TWD

2363 screens 48% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Silicon Integrated Systems Corp Fair Value". https://www.fairvalue-calculator.com/stock/2363

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.

Quality Score 73 · Top 25%
Fair Value upside −48% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 0% · Below median
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 7% · Below median
Revenue growth 124% · Top 25%
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 37.1× · Cheaper than median
P/B 1.60× · Cheaper than median
P/S (TTM) 8.58× · Pricier than median
P/FCF 0.7× · 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 60
PAST 19 · sector 24
HEALTH 98 · sector 97
DIVIDEND 21 · sector 22

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

Insider activity: 40/100

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 Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Silicon Integrated Systems Corp (2363) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 28.02 TWD versus a price of 53.70 TWD, about −48% (overvalued).
What is the fair value of 2363?
Our model-based fair value for Silicon Integrated Systems Corp is 28.02 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 53.70 TWD.
What is the quality score of 2363?
Silicon Integrated Systems Corp has a Quality Score of 73/100. 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 Silicon Integrated Systems Corp (2363)?
Silicon Integrated Systems Corp reported trailing-twelve-month revenue of about 3.4B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 2363?
The net profit margin of Silicon Integrated Systems Corp is about 25.8%, meaning it keeps roughly 25.8% of revenue as net income. Based on the latest reported figures.
Does Silicon Integrated Systems Corp pay a dividend?
Silicon Integrated Systems Corp currently shows a dividend yield of about 1.09% relative to its recent price (as of Jul 21, 2026).

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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