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Realtek Semiconductor Corp (2379) Fair Value & Analysis

Technology · TW · Market cap 386B TWD

RS Realtek Semiconductor Corp 2379 · TW
Price750.00 TWD
Fair Value489.03 TWD
Upside-34.8%
Quality72/100
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Healthy Growth
Solidly profitable · 11.5% net margin
Low debt · generates free cash flow
3.32% dividend yield
Ranks above peers (12/15)
Moderate moat 64/100
Evidence: High Range 366.77 TWD – 702.63 TWD Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 22 days ago

Share price −8.2% over the past month.

A solid business, but screening 35% overvalued on our models.

What matters now

  • A high-quality business (quality 72/100), 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 (702.63 TWD). The favourable scenario is already priced in.
  • A fairly wide model range (366.77 TWD to 702.63 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

900.00 TWD 203.07 TWD Fair Value 489.03 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 203.07 TWD – 900.00 TWD · fair‑value band 366.77 TWD – 702.63 TWD · the 750.00 TWD price screens above the 489.03 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Realtek Semiconductor Corp (2379) currently trades at 750.00 TWD, while our model-based Fair Value estimate is 489.03 TWD, implying the stock looks roughly 34.8% overvalued today. We read business quality at 72/100 (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, Realtek Semiconductor Corp generated revenue of 124B TWD at a net margin of 11.5%. Revenue grew 4.0% year over year. It earns a return on equity of 31.6%. The balance sheet holds a net cash position of 489M TWD. Fundamentals as of Jul 16, 2026

Our scenario range runs from 366.77 TWD (bear case) to 702.63 TWD (bull case); at 750.00 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 near its 52-week high and 71% 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 -35%, 2379 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 568.49 TWD 1,014 TWD 1,824 TWD 80
Residual Income 177.09 TWD 209.40 TWD 658.39 TWD 76
Rev-Margin DCF 368.31 TWD 588.02 TWD 874.64 TWD 74
All 26 models by family
DCF Models
FCF DCF 571.76 TWD 1,052 TWD 1,935 TWD 38
Owner Earnings 464.78 TWD 851.14 TWD 1,561 TWD 31
5Y Revenue Exit 368.31 TWD 589.86 TWD 884.88 TWD 39
5Y EBITDA Exit 413.84 TWD 684.40 TWD 1,020 TWD 41
5Y P/E Exit 470.48 TWD 802.00 TWD 1,181 TWD 38
10Y Revenue Exit 420.71 TWD 657.52 TWD 1,011 TWD 36
10Y EBITDA Exit 460.89 TWD 728.67 TWD 1,128 TWD 37
10Y P/E Exit 499.42 TWD 817.19 TWD 1,266 TWD 35
Earnings-Based
Graham-Dodd 195.61 TWD 928.76 TWD 1,278 TWD 54
Lynch FV 246.87 TWD 352.68 TWD 458.48 TWD 50
PEG = 1.0 246.87 TWD 352.68 TWD 458.48 TWD 46
EPV 256.58 TWD 297.37 TWD 333.62 TWD 59
Dividend Discount
Gordon GGM 245.29 TWD 535.50 TWD 901.00 TWD 70
DDM Multi-Stage 245.29 TWD 438.66 TWD 558.08 TWD 61
Multiples
P/E Multiple 431.50 TWD 575.33 TWD 719.16 TWD 63
P/S Multiple 366.77 TWD 489.03 TWD 611.29 TWD 58
P/B Multiple 229.02 TWD 305.36 TWD 381.70 TWD 55
EV/EBIT 403.47 TWD 529.46 TWD 655.46 TWD 53
EV/EBITDA 369.10 TWD 483.65 TWD 598.19 TWD 54
EV/Revenue 280.27 TWD 389.47 TWD 498.67 TWD 43
Asset-Based
NCAV (Graham) 50.89 TWD 68.20 TWD 101.79 TWD 50
Growth DCF
Growth DCF 568.49 TWD 1,014 TWD 1,824 TWD 80
Rev-Margin DCF 368.31 TWD 588.02 TWD 874.64 TWD 74
Economic Profit
Residual Income 177.09 TWD 209.40 TWD 658.39 TWD 76
ROIC Compounder 287.92 TWD 376.90 TWD 490.04 TWD 72
Growth Earnings
Growth-Adj P/E 378.34 TWD 540.49 TWD 702.63 TWD 68

Widest divergence: DCF Models (728.67 TWD) versus Asset-Based (68.20 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 124B TWD
Revenue growth (YoY) +4.0%
Net margin 11.5%
Return on equity 31.6%
Free cash flow 20.4B TWD FY2025
P/E ratio 27.7
More key figures
Operating margin 11.9%
EPS (TTM) 27.22 TWD
Dividend yield 3.3%
EPS growth (YoY) -9.2%
Net cash 489M TWD FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 71 · Market factors (momentum, volatility) 76

Profitability 74
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 92
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 80
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

Realtek Semiconductor Corp., together with its subsidiaries, engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

Full company description

Realtek Semiconductor Corp., together with its subsidiaries, engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally. It provides communications network ICs, including broadband access controllers, gateway controllers, digital home centers, gigabit ethernet, switch controllers, wireless LAN ICs, and DTV demodulators, as well as Bluetooth, GNSS, and Internet of Things products. The company also offers connected media ICs, such as high speed bridge controllers, network interface controllers, and single-port PHYceiver. In addition, it offers computer peripheral ICs, comprising PC audio codecs, consumer audio codecs, class-D audio amplifiers, PC camera controllers; multimedia ICs; and smart interconnect ICs, including card reader solutions, type-C PD controllers, and USB hubs. Further, it engages in the manufacture and installation of computer equipment; wholesale, retail, and related service of electronic materials and information/software; and provision of information and technical support services, as well as operates as an investment holding company. Realtek Semiconductor Corp. was incorporated in 1987 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

Realtek Semiconductor Corp reported revenue of 123B TWD in FY2025 versus 106B TWD in FY2021, a compound +3.8%/yr. Reported net income was 14.8B TWD in FY2025, compounding −3.3%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
123B TWD
Latest YoY
+8.2%
Avg. growth/yr (3Y)
+3.2%
Avg. growth/yr (5Y)
+9.6%
Avg. growth/yr (25Y)
+13.3%
Revenue +3.8%/yr
FY21 106B TWD
FY22 112B TWD
FY23 95.2B TWD
FY24 113B TWD
FY25 123B TWD
Net income −3.3%/yr
FY21 16.9B TWD
FY22 16.2B TWD
FY23 9.2B TWD
FY24 15.3B TWD
FY25 14.8B TWD

2379 screens 35% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Realtek Semiconductor Corp Fair Value". https://www.fairvalue-calculator.com/stock/2379

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 72 · Top 25%
Fair Value upside −35% · Above median
Return on equity (TTM) 32% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 12% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 4% · Below median
Dividend yield (TTM) 3.3% · Top 25%

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 27.7× · Cheaper than median
P/B 7.40× · Pricier than 75% of peers
P/S (TTM) 3.11× · Cheaper than median
P/FCF 0.6× · Cheaper than 75% of peers
EV/EBITDA 23.4× · Pricier than median
PEG 0.85× · 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 20 · sector 60
PAST 100 · sector 24
HEALTH 100 · sector 97
DIVIDEND 66 · sector 22

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 Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 16, 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 €323.25 €121.25 -62%
Micron Technology, Inc ZMIC C$52.57 C$7.50 -86%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €464.70 €56.33 -88%
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 Realtek Semiconductor Corp (2379) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 489.03 TWD versus a price of 750.00 TWD, about −35% (overvalued).
What is the fair value of 2379?
Our model-based fair value for Realtek Semiconductor Corp is 489.03 TWD (as of Jul 16, 2026), built from audited fundamentals. The current price is 750.00 TWD.
What is the quality score of 2379?
Realtek Semiconductor Corp has a Quality Score of 72/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Realtek Semiconductor Corp (2379)?
Realtek Semiconductor Corp reported trailing-twelve-month revenue of about 124B TWD (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 2379?
The net profit margin of Realtek Semiconductor Corp is about 11.5%, meaning it keeps roughly 11.5% of revenue as net income. Based on the latest reported figures.
Does Realtek Semiconductor Corp pay a dividend?
Realtek Semiconductor Corp currently shows a dividend yield of about 4.01% relative to its recent price (as of Jul 16, 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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