Sunplus Technology Co Ltd (2401) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Sunplus Technology Co Ltd TWD 28.48, price TWD 25.55, upside +11.5%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Sunplus Technology Company Limited focuses on the design and system integration of audio-visual platform chips primarily in Taiwan and Asia.
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Sunplus Technology Company Limited focuses on the design and system integration of audio-visual platform chips primarily in Taiwan and Asia. The company provides digital audio-visual and intelligent acoustic chips for multimedia and automotive applications; IC solutions for multimedia and automotive applications, such as DVD player, portable DVD player, home entertainment audio products, and car infotainment and advanced driving assistance systems; automotive ICs; intelligent acoustic solutions; system-in-package architecture; IP solutions; and media player ICs. Its products are used in consumer, portable, and connected device applications. Sunplus Technology Company Limited was founded in 1990 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Sunplus Technology Co Ltd (2401) currently trades at 25.55 TWD, while our model-based Fair Value estimate is 28.48 TWD, implying the stock looks roughly 10.3% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 13.41 TWD per share, and 0 of the 11 models we run sit above the 25.55 TWD price.
Bear case: the Asset-Based group reads lowest at 9.35 TWD, and 11 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 24.38 TWD (bear) to 35.88 TWD (bull), the price of 25.55 TWD sits inside 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 55/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Sunplus Technology Co Ltd reported revenue of 6.3B TWD in FY2025 versus 8.0B TWD in FY2021, a compound −5.7%/yr. Reported net income was −215M TWD in FY2025.
Key figures
Market cap 17.6B TWD (≈ $552M) · P/S ratio 2.59 · EPS (TTM) −0.3700 TWD · Dividend yield 1.8% · Net margin −3.4% · Return on equity 1.1% · Return on assets (EBIT) 3.9% · Operating margin 7.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at 11%, 2401 screens cheaper than that median.
Fair Value models
Bear 24.38 TWDFair Value 28.48 TWDBull 35.88 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.22/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−2.0%
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.
−2.0%
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.
−0.3%
Start year 2020 (pandemic). Over 10 years: −2.9% 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.
+0.0%
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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.
12.5% (2020) → −1.5% (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
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +16.1% a year for the price.
Compare Sunplus Technology Co Ltd with another stock
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.Semiconductors · 335 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+11% · Top 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets0% · Below median
Net margin (TTM)−3% · Bottom 25%
Operating margin (TTM)8% · Below median
Growth and dividend
Revenue growth13% · Above median
Dividend yield (TTM)1.8% · Above median
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
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). "Sunplus Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2401
Frequently asked questions
Is Sunplus Technology Co Ltd (2401) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 28.48 TWD versus a price of 25.55 TWD, about +11% upside (undervalued).
What is the fair value of 2401?
Our model-based fair value for Sunplus Technology Co Ltd is 28.48 TWD (as of Sep 23, 2026), built from audited fundamentals. The current price: 25.55 TWD.
What is the quality score of 2401?
Sunplus Technology Co Ltd has a Quality Score of 55/100. 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 Sunplus Technology Co Ltd (2401)?
Our model-based price target is the fair value of 28.48 TWD (as of Sep 23, 2026) from 11 valuation models. Cautious scenario 24.38 TWD, optimistic scenario 35.88 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Sunplus Technology Co Ltd stock forecast for 2026?
Our models put fair value at 28.48 TWD, about +11% upside versus a price of 25.55 TWD (undervalued). Cautious scenario 24.38 TWD, optimistic scenario 35.88 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Sunplus Technology Co Ltd (2401)?
Sunplus Technology Co Ltd reported trailing-twelve-month revenue of about 6.5B TWD (latest available figure, as of Sep 23, 2026).
Does Sunplus Technology Co Ltd pay a dividend?
Sunplus Technology Co Ltd currently shows a dividend yield of about 1.84% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Sunplus Technology Co Ltd (2401)?
For today's price to be fair in a discounted-cash-flow model, Sunplus Technology Co Ltd would have to grow free cash flow by +18.0 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 2401 use?
Our models discount Sunplus Technology Co Ltd at 9.1 %: a base by market capitalisation (large), damped by beta 0.71, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sunplus Technology Co Ltd that is +18.0 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Sunplus Technology Co Ltd (2401) delivered so far?
Over the past 5 years revenue at Sunplus Technology Co Ltd grew -0.4 % a year. The price currently implies +18.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sunplus Technology Co Ltd (2401) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Sunplus Technology Co Ltd (+18.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sunplus Technology Co Ltd (2401)?
The free-cash-flow yield on the price is 1.99 %: that much free cash flow Sunplus Technology Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sunplus Technology Co Ltd (2401)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sunplus Technology Co Ltd it is 28.48 TWD per share (as of Sep 23, 2026), against a price of 25.55 TWD. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Sunplus Technology Co Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 2401 trades below its calculated fair value: price 25.55 TWD, fair value 28.48 TWD, a gap of about +11% (undervalued). 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 2401?
No. The price is what the market pays today (25.55 TWD); the fair value is what the company's own numbers justify (28.48 TWD). For Sunplus Technology Co Ltd the two are 2.93 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Sunplus Technology Co Ltd worth?
The market values Sunplus Technology Co Ltd at about 17.6B TWD (market capitalisation, as of Sep 23, 2026). Per share that is 25.55 TWD; our models calculate a fair value of 28.48 TWD per share.
What do the bullish and bearish scenarios say about 2401?
Our models span a range for Sunplus Technology Co Ltd: cautious scenario 24.38 TWD, base 28.48 TWD, optimistic 35.88 TWD per share (as of Sep 23, 2026, price 25.55 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 2401?
The PEG ratio of Sunplus Technology Co Ltd is 2.47 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Sunplus Technology Co Ltd (2401)?
Balance-sheet figures for Sunplus Technology Co Ltd (as of Sep 23, 2026): return on equity 1.1%, debt of 0.12 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 2401 from its 52-week high?
Sunplus Technology Co Ltd trades at 25.55 TWD, about 27% below its 52-week high of 34.90 TWD and 33% above the low of 19.25 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 28.48 TWD is for.
Which stocks are comparable to Sunplus Technology Co Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix 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 Sunplus Technology Co Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price 25.55 TWD, calculated fair value 28.48 TWD (+11%), Quality Score 55/100, from 11 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 2401 calculated?
We run Sunplus Technology Co Ltd through 11 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 28.48 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 14.1 % above its aggregate fair value. Sunplus Technology Co Ltd currently trades 11 % below its own fair value, and the market average says nothing about that. 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 Sunplus Technology Co Ltd (2401)?
The closing price on Sep 24, 2026 was 25.55 TWD. Our model-based fair value is 28.48 TWD, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sunplus Technology Co Ltd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Sunplus Technology Co Ltd
How large is the market capitalisation of Sunplus Technology Co Ltd (2401)?
The market capitalisation of Sunplus Technology Co Ltd is 17.6B TWD (≈ $552M). 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 Sunplus Technology Co Ltd (2401)?
The price-to-sales ratio of Sunplus Technology Co Ltd is 2.59 (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 Sunplus Technology Co Ltd (2401)?
Earnings per share at Sunplus Technology Co Ltd are −0.3700 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sunplus Technology Co Ltd (2401)?
The dividend yield of Sunplus Technology Co Ltd is 1.8%. 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 Sunplus Technology Co Ltd (2401)?
The net margin of Sunplus Technology Co Ltd is −3.4% (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 Sunplus Technology Co Ltd (2401)?
The return on equity (ROE) of Sunplus Technology Co Ltd is 1.1% (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 Sunplus Technology Co Ltd (2401)?
On an EBIT basis the return on assets of Sunplus Technology Co Ltd is 3.9% (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 Sunplus Technology Co Ltd (2401)?
The operating margin of Sunplus Technology Co Ltd is 7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sunplus Technology Co Ltd (2401)?
Revenue at Sunplus Technology Co Ltd is growing +12.8% versus a year earlier (3y avg −2.0%). 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 Sunplus Technology Co Ltd (2401)?
Earnings per share at Sunplus Technology Co Ltd are growing −94.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sunplus Technology Co Ltd (2401) hold?
Sunplus Technology Co Ltd holds more cash than debt, 3.3B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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