Elan Microelectronics Corp (2458) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Elan Microelectronics Corp TWD 148, price TWD 138, upside +7.4%, quality 70 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 62.87 TWD – 189.00 TWD · fair‑value band 86.98 TWD – 227.75 TWD · the 137.50 TWD price screens below the 147.66 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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ELAN Microelectronics Corporation operates as a semiconductor company in Taiwan, Mainland China, Hong Kong, the United States, Europe, and internationally. It offers embedded microcontrollers and systems, digital signal processors, computer peripheral control integrated circuits and systems, fingerprint recognition devices, and credit card applications.
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ELAN Microelectronics Corporation operates as a semiconductor company in Taiwan, Mainland China, Hong Kong, the United States, Europe, and internationally. It offers embedded microcontrollers and systems, digital signal processors, computer peripheral control integrated circuits and systems, fingerprint recognition devices, and credit card applications. The company also provides biometric solutions, including biometric smart cards, pad and button modules, key cap fingerprint modules, biometric USB dongles, under display fingerprint sensors, and fingerprint sensors with coatings/cover glasses, as well as facial recognition solutions. In addition, it offers microcontrollers for general purpose, touch key, PC peripheral, calculator, and telecommunication applications; pen and touch input solutions for laptops and mobiles; and pointstick and touchpad solutions. Further, the company offers Discrete MultiTone chip and client chip; PON to OLT and ONU chip and GHN chip, a new generation home network; and digital image-process chips, webcam and servers, electronic devices, computer and its related products, optical instruments, and driver assistance systems, as well as technical support and information and after sales services. Additionally, it is involved in the wholesale and installation of automotive electronic and other electronic devices, data storage products, and process equipment. The company was incorporated in 1994 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Elan Microelectronics Corp (2458) currently trades at 137.50 TWD, while our model-based Fair Value estimate is 147.66 TWD, implying the stock looks roughly 6.9% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 199.28 TWD per share, and 12 of the 24 models we run sit above the 137.50 TWD price.
Bear case: the Asset-Based group reads lowest at 24.14 TWD, and 12 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 86.98 TWD (bear) to 227.75 TWD (bull), the price of 137.50 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 70/100 (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.
Elan Microelectronics Corp reported revenue of 12.3B TWD in FY2025 versus 18.3B TWD in FY2021, a compound −9.4%/yr. Reported net income was 2.4B TWD in FY2025, compounding −16.8%/yr from FY2021.
Key figures
Market cap 50.0B TWD (≈ $1.6B) · P/E ratio 16.4 · P/S ratio 3.25 · EPS (TTM) 8.39 TWD · Dividend yield 5.1% · Net margin 19.8% · Return on equity 25.7% · Return on assets (EBIT) 22.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (medium confidence).
What moves the price
The share trades about 27% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at 7%, 2458 screens cheaper than that median.
Fair Value models
Bear 86.98 TWDFair Value 147.66 TWDBull 227.75 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1.02 TWD per share) are deliberately not added.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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−2.9%
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.
−1.8%
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.
−4.0%
Start year 2020 (pandemic). Over 10 years: +6.4% a year
Revenue growth 22 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.
+4.6%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+1.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.8%
Dividend (yield on the price)5.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−4% vs 13%, slowing
Profit margin 2020 to 2025 ⓘ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.28% → 24%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+15.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+11.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +13.9% a year for the price and +9.3% for the forecasts.
Compare Elan Microelectronics Corp with another stock
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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 12/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+7% · Top 25%
Profitability
Return on equity (TTM)26% · Top 25%
Return on assets12% · Top 25%
Net margin (TTM)21% · Top 25%
Operating margin (TTM)24% · Top 25%
Growth and dividend
Revenue growth3% · Below median
Dividend yield (TTM)5.1% · Top 25%
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Semiconductors median · lower = cheaper
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Is Elan Microelectronics Corp (2458) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 147.66 TWD versus a price of 137.50 TWD, about +7% upside (fairly valued).
What is the fair value of 2458?
Our model-based fair value for Elan Microelectronics Corp is 147.66 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 137.50 TWD.
What is the quality score of 2458?
Elan Microelectronics Corp has a Quality Score of 70/100. 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 Elan Microelectronics Corp (2458)?
Our model-based price target is the fair value of 147.66 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 86.98 TWD, optimistic scenario 227.75 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Elan Microelectronics Corp stock forecast for 2026?
Our models put fair value at 147.66 TWD, about +7% upside versus a price of 137.50 TWD (fairly valued). Cautious scenario 86.98 TWD, optimistic scenario 227.75 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Elan Microelectronics Corp (2458)?
Elan Microelectronics Corp reported trailing-twelve-month revenue of about 12.4B TWD (latest available figure, as of Sep 24, 2026).
Does Elan Microelectronics Corp pay a dividend?
Elan Microelectronics Corp currently shows a dividend yield of about 5.08% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Elan Microelectronics Corp (2458)?
For today's price to be fair in a discounted-cash-flow model, Elan Microelectronics Corp would have to grow free cash flow by +15.7 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2458 use?
Our models discount Elan Microelectronics Corp at 8.6 %: a base by market capitalisation (large), damped by beta 0.52, 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 Elan Microelectronics Corp that is +15.7 % per year a year over ten years, using the same discount rate (8.6 %) and the same formula as our fair value.
How much growth has Elan Microelectronics Corp (2458) delivered so far?
Over the past 5 years revenue at Elan Microelectronics Corp grew -4.0 % a year. The price currently implies +15.7 % 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 Elan Microelectronics Corp (2458) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Elan Microelectronics Corp (+15.7 % 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 Elan Microelectronics Corp (2458)?
The free-cash-flow yield on the price is 2.78 %: that much free cash flow Elan Microelectronics Corp produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Elan Microelectronics Corp (2458)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Elan Microelectronics Corp it is 147.66 TWD per share (as of Sep 24, 2026), against a price of 137.50 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Elan Microelectronics Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2458 trades below its calculated fair value: price 137.50 TWD, fair value 147.66 TWD, a gap of about +7% (fairly valued). 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 2458?
No. The price is what the market pays today (137.50 TWD); the fair value is what the company's own numbers justify (147.66 TWD). For Elan Microelectronics Corp the two are 10.16 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Elan Microelectronics Corp worth?
The market values Elan Microelectronics Corp at about 50.0B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 137.50 TWD; our models calculate a fair value of 147.66 TWD per share.
What do the bullish and bearish scenarios say about 2458?
Our models span a range for Elan Microelectronics Corp: cautious scenario 86.98 TWD, base 147.66 TWD, optimistic 227.75 TWD per share (as of Sep 24, 2026, price 137.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2458?
Elan Microelectronics Corp trades at a price-to-earnings ratio of 16.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 147.66 TWD is built from several models across several years. Other multiples: PEG 1.1, P/B 4.8, P/S 4.0, EV/EBITDA 15.6.
What is the PEG ratio of 2458?
The PEG ratio of Elan Microelectronics Corp is 1.12 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Elan Microelectronics Corp (2458)?
Balance-sheet figures for Elan Microelectronics Corp (as of Sep 24, 2026): return on equity 25.7%, debt of 0.09 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 2458 from its 52-week high?
Elan Microelectronics Corp trades at 137.50 TWD, about 27% below its 52-week high of 189.00 TWD and 23% above the low of 111.71 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 147.66 TWD is for.
Which stocks are comparable to Elan Microelectronics Corp?
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 Elan Microelectronics Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 137.50 TWD, calculated fair value 147.66 TWD (+7%), Quality Score 70/100, from 24 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 2458 calculated?
We run Elan Microelectronics Corp through 24 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 147.66 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. Elan Microelectronics Corp currently trades 7 % 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 Elan Microelectronics Corp (2458)?
The closing price on Sep 24, 2026 was 137.50 TWD. Our model-based fair value is 147.66 TWD, about +7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Elan Microelectronics Corp right now?
The model range is unusually wide (86.98 TWD to 227.75 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Where does the earnings growth of Elan Microelectronics Corp (2458) come from?
Earnings per share at Elan Microelectronics Corp grew +11.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.1 %, EBIT margin +5.2 %, tax rate −0.3 %, residual (interest, one-offs) −1.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Elan Microelectronics Corp
How large is the market capitalisation of Elan Microelectronics Corp (2458)?
The market capitalisation of Elan Microelectronics Corp is 50.0B TWD (≈ $1.6B). 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 Elan Microelectronics Corp (2458)?
The price-to-sales ratio of Elan Microelectronics Corp is 3.25 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Elan Microelectronics Corp (2458)?
Earnings per share at Elan Microelectronics Corp are 8.39 TWD (price ÷ EPS = P/E 16.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Elan Microelectronics Corp (2458)?
The dividend yield of Elan Microelectronics Corp is 5.1% (payout 83.3%). 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 Elan Microelectronics Corp (2458)?
The net margin of Elan Microelectronics Corp is 19.8% (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 Elan Microelectronics Corp (2458)?
The return on equity (ROE) of Elan Microelectronics Corp is 25.7% (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 Elan Microelectronics Corp (2458)?
On an EBIT basis the return on assets of Elan Microelectronics Corp is 22.8% (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 Elan Microelectronics Corp (2458)?
The operating margin of Elan Microelectronics Corp is 24.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Elan Microelectronics Corp (2458)?
Revenue at Elan Microelectronics Corp is growing +3.4% versus a year earlier (3y avg −1.8%). 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 Elan Microelectronics Corp (2458)?
Earnings per share at Elan Microelectronics Corp are growing +27.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Elan Microelectronics Corp (2458) hold?
Elan Microelectronics Corp holds more cash than debt, 530M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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