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Weltrend Semiconductor, Inc (2436) Fair Value & Analysis

Technology · TW · Market cap 11.4B TWD

WS Weltrend Semiconductor, Inc 2436 · TW
Price67.40 TWD
Fair Value27.28 TWD
Upside-59.5%
Quality67/100
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Mixed Growth
Solidly profitable · 17.4% net margin
Low debt · generates free cash flow
3.53% dividend yield
Ranks above peers (12/14)
Moderate moat 57/100
Evidence: High Range 20.15 TWD – 50.42 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 27.31 TWD to 27.28 TWD (−0.1%) since Jul 7, 2026. Share price +0.3% over the past month.

A solid business, but screening 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (50.42 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (20.15 TWD to 50.42 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

101.89 TWD 36.14 TWD Fair Value 27.28 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 36.14 TWD – 101.89 TWD · fair‑value band 20.15 TWD – 50.42 TWD · the 67.40 TWD price screens above the 27.28 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.

Full chart & analysis →

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Analysis

Weltrend Semiconductor, Inc (2436) currently trades at 67.40 TWD, while our model-based Fair Value estimate is 27.28 TWD, implying the stock looks roughly 59.5% overvalued today. The Quality Score stands at 67/100 (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, Weltrend Semiconductor, Inc generated revenue of 3.8B TWD at a net margin of 17.4%. Revenue grew 31.7% year over year. It earns a return on equity of 16.2%. The balance sheet holds a net cash position of 64.9M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 20.15 TWD (bear case) to 50.42 TWD (bull case); at 67.40 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 20% below its 52-week high and 57% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -60%, 2436 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 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
Highest evidence
Growth DCF 16.31 TWD 20.73 TWD 26.90 TWD 80
Residual Income 20.14 TWD 24.53 TWD 50.26 TWD 76
Rev-Margin DCF 16.55 TWD 22.53 TWD 29.15 TWD 74
All 26 models by family
DCF Models
FCF DCF 16.08 TWD 20.95 TWD 28.13 TWD 38
Owner Earnings 44.42 TWD 63.39 TWD 91.34 TWD 31
5Y Revenue Exit 16.55 TWD 22.49 TWD 29.94 TWD 39
5Y EBITDA Exit 21.34 TWD 31.22 TWD 42.53 TWD 41
5Y P/E Exit 33.57 TWD 53.51 TWD 74.04 TWD 38
10Y Revenue Exit 15.95 TWD 21.28 TWD 28.15 TWD 36
10Y EBITDA Exit 19.31 TWD 27.26 TWD 37.54 TWD 37
10Y P/E Exit 27.02 TWD 42.52 TWD 61.02 TWD 35
Earnings-Based
Graham-Dodd 18.99 TWD 51.55 TWD 67.56 TWD 54
Lynch FV 10.15 TWD 14.49 TWD 18.84 TWD 50
PEG = 1.0 10.15 TWD 14.49 TWD 18.84 TWD 46
EPV 16.54 TWD 18.26 TWD 19.75 TWD 59
Dividend Discount
Gordon GGM 12.22 TWD 25.40 TWD 40.30 TWD 70
DDM Multi-Stage 12.22 TWD 19.08 TWD 26.37 TWD 61
Multiples
P/E Multiple 41.89 TWD 55.85 TWD 69.81 TWD 63
P/S Multiple 33.92 TWD 45.23 TWD 56.53 TWD 58
P/B Multiple 35.60 TWD 47.47 TWD 59.34 TWD 55
EV/EBIT 22.81 TWD 28.32 TWD 33.83 TWD 53
EV/EBITDA 26.64 TWD 33.43 TWD 40.22 TWD 54
EV/Revenue 17.42 TWD 22.20 TWD 26.98 TWD 43
Asset-Based
NCAV (Graham) 10.50 TWD 14.07 TWD 21.00 TWD 50
Growth DCF
Growth DCF 16.31 TWD 20.73 TWD 26.90 TWD 80
Rev-Margin DCF 16.55 TWD 22.53 TWD 29.15 TWD 74
Economic Profit
Residual Income 20.14 TWD 24.53 TWD 50.26 TWD 76
ROIC Compounder 16.54 TWD 18.26 TWD 19.75 TWD 72
Growth Earnings
Growth-Adj P/E 33.25 TWD 47.50 TWD 61.75 TWD 68

Widest divergence: Growth Earnings (47.50 TWD) versus Asset-Based (14.07 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.8B TWD
Revenue growth (YoY) +31.7%
Net margin 17.4%
Return on equity 16.2%
Free cash flow 176M TWD FY2025
P/E ratio 20.8
More key figures
Operating margin 13.7%
EPS (TTM) 2.79 TWD
Dividend yield 3.5%
EPS growth (YoY) +366%
Net cash 64.9M TWD FY2025

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

Quality Score breakdown

Overall quality 67/100

Of which business quality 63 · Market factors (momentum, volatility) 58

Profitability 50
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 37
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 83
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

Weltrend Semiconductor, Inc., a fabless semiconductor company, plans, designs, tests, develops, and distributes integrated circuit (IC) products in Taiwan, Mainland China, and internationally. The company researches, develops, produces, tests and sells digital and analog hybrid application-specific integrated circuits, digital and analog integrated circuits.

Full company description

Weltrend Semiconductor, Inc., a fabless semiconductor company, plans, designs, tests, develops, and distributes integrated circuit (IC) products in Taiwan, Mainland China, and internationally. The company researches, develops, produces, tests and sells digital and analog hybrid application-specific integrated circuits, digital and analog integrated circuits. It also imports and exports electronic parts. The company was founded in 1978 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

Weltrend Semiconductor, Inc reported revenue of 3.6B TWD in FY2025 versus 3.6B TWD in FY2021, a compound −0.2%/yr. Reported net income was 551M TWD in FY2025, compounding −7.5%/yr from FY2021.

Growth Quality 68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.6B TWD
Latest YoY
+15.3%
Avg. growth/yr (3Y) 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.
+7.3%
Avg. growth/yr (5Y) 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.
+6.4%
Avg. growth/yr (25Y) 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.
+2.9%
Revenue −0.2%/yr
FY21 3.6B TWD
FY22 2.9B TWD
FY23 2.9B TWD
FY24 3.1B TWD
FY25 3.6B TWD
Net income −7.5%/yr
FY21 751M TWD
FY22 108M TWD
FY23 209M TWD
FY24 276M TWD
FY25 551M TWD
Character of growth · EPS growth decomposed (2015-2025) +11.3 % p.a.
Revenue per share +5.5 pp

of which total revenue +6.2 pp · buybacks/dilution −0.7 pp

EBIT margin +10.0 pp
Tax rate +0.4 pp
Residual (interest, one-offs) −4.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

2436 screens 60% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Weltrend Semiconductor, Inc Fair Value". https://www.fairvalue-calculator.com/stock/2436

Peer Group

Semiconductors · 318 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 67 · Top 25%
Fair Value upside −60% · Below median
Return on equity (TTM) 16% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 14% · Above median
Revenue growth 32% · Above median
Dividend yield (TTM) 3.5% · Top 25%

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 20.8× · Cheaper than 75% of peers
P/B 2.76× · Cheaper than median
P/S (TTM) 2.99× · Cheaper than median
P/FCF 2.0× · Cheaper than median
EV/EBITDA 24.0× · Pricier 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 65 · sector 25
HEALTH 100 · sector 97
DIVIDEND 71 · 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 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 Weltrend Semiconductor, Inc (2436) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 27.28 TWD versus a price of 67.40 TWD, about −60% (overvalued).
What is the fair value of 2436?
Our model-based fair value for Weltrend Semiconductor, Inc is 27.28 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 67.40 TWD.
What is the quality score of 2436?
Weltrend Semiconductor, Inc has a Quality Score of 67/100. 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 Weltrend Semiconductor, Inc (2436)?
Weltrend Semiconductor, Inc reported trailing-twelve-month revenue of about 3.8B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 2436?
The net profit margin of Weltrend Semiconductor, Inc is about 17.4%, meaning it keeps roughly 17.4% of revenue as net income. Based on the latest reported figures.
Does Weltrend Semiconductor, Inc pay a dividend?
Weltrend Semiconductor, Inc currently shows a dividend yield of about 3.53% 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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