Elite Semiconductor Memory Technology Inc (3006) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Elite Semiconductor Memory Technology Inc stock TWD 39.29, price TWD 234, upside -83.2%, quality 66 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?Yes
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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 Oct 24, 2026.
How to read this chart
60‑month range 43.75 TWD – 312.00 TWD · fair‑value band 38.18 TWD – 49.11 TWD · the 234.00 TWD price screens above the 39.29 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 24, 2026.
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Elite Semiconductor Microelectronics Technology Inc. engages in the research, development, production, manufacturing, and sales of dynamic and static random-access memory, flash memory, analog integrated circuit, analog, and digital mixed integrated circuit in Taiwan, Asia, and internationally.
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It also offers motor control and optical sensor.
In addition, the company is involved in trading of goods or technical services; development and sales networking system products, storage, and peripherals, technical consulting services of integrated circuit, and after-sales service; and product design, wholesale and retail of electronic materials, information software services.
Its products are applied in known good die, industrial, automotive, consumer, PC peripherals, networking, audio, power, motor control, functional safety, and optical sensor applications. The company was incorporated in 1998 and is based in Hsinchu City, Taiwan.
Stock analysis
Elite Semiconductor Memory Technology Inc (3006) currently trades at 234.00 TWD, while our model-based Fair Value estimate is 39.29 TWD, 83.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 50.10 TWD per share, and 0 of the 24 models we run sit above the 234.00 TWD price.
Bear case: the Earnings-Based group reads lowest at 5.75 TWD, and 24 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 38.18 TWD (bear) to 49.11 TWD (bull), the price of 234.00 TWD sits above 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 66/100 (solid quality), in the Technology sector.
Mixed Growth: Spin-off in 2008: revenue and profit before it include the divested business. Growth is measured afresh from 2008.
Elite Semiconductor Memory Technology Inc reported revenue of 14.6B TWD in FY2025 versus 23.8B TWD in FY2021, a compound −11.6%/yr. Reported net income was 244M TWD in FY2025, compounding −52.9%/yr from FY2021.
Key figures
Market cap 66.6B TWD (≈ $2.0B) Mid · P/E ratio 7.4 · P/S ratio 2.25 · EPS (TTM) 31.83 TWD · Dividend yield 0.4% · Net margin 30.5% · Return on equity 64.1% · Return on assets (EBIT) 5.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and 205% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −83%, 3006 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (5.75 TWD to 215.75 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear38.18 TWDFair Value 39.29 TWDBull49.11 TWD
Price 234.00 TWD · Upside -83.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (25.17 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.55/100
Spin-off in 2008: revenue and profit before it include the divested business. Growth is measured afresh from 2008.
Revenue growth 1 year
+8.1%
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.
−3.5%
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.
−0.9%
Start year 2020 (pandemic). Over 10 years: +4.6% a year
Revenue growth 17 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.
+6.5%
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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. Basis: EBIT basis. 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.
−22.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−22.8%
Dividend (yield on the price)0.4%
Per share before 2008divided by the spin-off factor 1.03
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.−25.6% vs −8.8%, 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.8% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
+37.9%
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 +35.7% a year for the price.
Compare Elite Semiconductor Memory Technology Inc 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 · 341 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−83.2% · Bottom 25%
Profitability
Return on equity (12 months)64.1% · Top 25%
Return on assets1.5% · Below median
Net margin (12 months)30.5% · Top 25%
Operating margin (12 months)51.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)324.1% · Top 25%
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)7.4× · Cheapest 25%
P/B6.47× · Priciest 25%
P/S (12 months)2.25× · Cheaper than median
Price / free cash flow60.0× · Pricier than median
EV/EBITDA5.9× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 95
PAST (return on equity)100· sector 30
HEALTH (low debt)96· sector 95
DIVIDEND (yield)9· sector 18
VALUE 0: the price sits above our fair-value range.
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.
Is Elite Semiconductor Memory Technology Inc (3006) overvalued or undervalued?
As of Oct 24, 2026, our model estimates a fair value of 39.29 TWD versus a price of 234.00 TWD, about −83% upside (overvalued).
What is the fair value of 3006?
Our model-based fair value for Elite Semiconductor Memory Technology Inc is 39.29 TWD (as of Oct 24, 2026), built from audited fundamentals. The current price: 234.00 TWD.
What is the quality score of 3006?
Elite Semiconductor Memory Technology Inc has a Quality Score of 66/100. 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 Elite Semiconductor Memory Technology Inc (3006)?
Our model-based price target is the fair value of 39.29 TWD (as of Oct 24, 2026) from 24 valuation models. Cautious scenario 38.18 TWD, optimistic scenario 49.11 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Elite Semiconductor Memory Technology Inc stock forecast for 2026?
Our models put fair value at 39.29 TWD, about −83% upside versus a price of 234.00 TWD (overvalued). Cautious scenario 38.18 TWD, optimistic scenario 49.11 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Elite Semiconductor Memory Technology Inc (3006)?
Elite Semiconductor Memory Technology Inc reported trailing-twelve-month revenue of about 29.6B TWD (latest available figure, as of Oct 24, 2026).
Does Elite Semiconductor Memory Technology Inc pay a dividend?
Elite Semiconductor Memory Technology Inc currently shows a dividend yield of 0.43% relative to its recent price (as of Oct 24, 2026).
What growth is priced into Elite Semiconductor Memory Technology Inc (3006)?
For today's price to be fair in a discounted-cash-flow model, Elite Semiconductor Memory Technology Inc would have to grow free cash flow by +37.9 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.9 % per year. As of Oct 24, 2026.
What discount rate (WACC) does the fair value of 3006 use?
Our models discount Elite Semiconductor Memory Technology Inc at 12.1 %: a base by market capitalisation (mid), damped by beta 1.72, 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 Elite Semiconductor Memory Technology Inc that is +37.9 % per year a year over ten years, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has Elite Semiconductor Memory Technology Inc (3006) delivered so far?
Over the past 5 years revenue at Elite Semiconductor Memory Technology Inc grew -0.9 % a year. The price currently implies +37.9 % 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 Elite Semiconductor Memory Technology Inc (3006) growing?
The median revenue growth in the sector is +10.8 % a year. That is the yardstick for the growth priced into Elite Semiconductor Memory Technology Inc (+37.9 % 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 Elite Semiconductor Memory Technology Inc (3006)?
The free-cash-flow yield on the price is 1.62 %: that much free cash flow Elite Semiconductor Memory Technology Inc produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Elite Semiconductor Memory Technology Inc (3006)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Elite Semiconductor Memory Technology Inc it is 39.29 TWD per share (as of Oct 24, 2026), against a price of 234.00 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Elite Semiconductor Memory Technology Inc stock overvalued or undervalued in 2026?
As of Oct 24, 2026, 3006 trades above its calculated fair value: price 234.00 TWD, fair value 39.29 TWD, a gap of about −83% (overvalued). 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 3006?
No. The price is what the market pays today (234.00 TWD); the fair value is what the company's own numbers justify (39.29 TWD). For Elite Semiconductor Memory Technology Inc the two are 194.71 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Elite Semiconductor Memory Technology Inc worth?
The market values Elite Semiconductor Memory Technology Inc at about 66.6B TWD (market capitalisation, as of Oct 24, 2026). Per share that is 234.00 TWD; our models calculate a fair value of 39.29 TWD per share.
What do the bullish and bearish scenarios say about 3006?
Our models span a range for Elite Semiconductor Memory Technology Inc: cautious scenario 38.18 TWD, base 39.29 TWD, optimistic 49.11 TWD per share (as of Oct 24, 2026, price 234.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3006?
Elite Semiconductor Memory Technology Inc trades at a price-to-earnings ratio of 7.4 (as of Oct 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 39.29 TWD is built from several models across several years. Other multiples: P/B 6.5, P/S 2.2, EV/EBITDA 5.9.
How solid is the balance sheet of Elite Semiconductor Memory Technology Inc (3006)?
Balance-sheet figures for Elite Semiconductor Memory Technology Inc (as of Oct 24, 2026): return on equity 64.1%, debt of 0.07 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 3006 from its 52-week high?
Elite Semiconductor Memory Technology Inc trades at 234.00 TWD, about 25% below its 52-week high of 312.00 TWD and 205% above the low of 76.80 TWD (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of 39.29 TWD is for.
Which stocks are comparable to Elite Semiconductor Memory Technology Inc?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, 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 Elite Semiconductor Memory Technology Inc stock attractive at the current price?
The data as of Oct 24, 2026: price 234.00 TWD, calculated fair value 39.29 TWD (−83%), Quality Score 66/100, 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 3006 calculated?
We run Elite Semiconductor Memory Technology Inc 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 39.29 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 12.3 % above its aggregate fair value. Elite Semiconductor Memory Technology Inc itself currently trades above fair value. 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 Elite Semiconductor Memory Technology Inc (3006)?
The closing price on Oct 22, 2026 was 234.00 TWD. Our model-based fair value is 39.29 TWD, about −83% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Elite Semiconductor Memory Technology Inc right now?
The price sits above even our optimistic bull case (49.11 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Elite Semiconductor Memory Technology Inc
How large is the market capitalisation of Elite Semiconductor Memory Technology Inc (3006)?
The market capitalisation of Elite Semiconductor Memory Technology Inc is 66.6B TWD (≈ $2.0B). 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 Elite Semiconductor Memory Technology Inc (3006)?
The price-to-sales ratio of Elite Semiconductor Memory Technology Inc is 2.25 (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 Elite Semiconductor Memory Technology Inc (3006)?
Earnings per share at Elite Semiconductor Memory Technology Inc are 31.83 TWD (price ÷ EPS = P/E 7.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Elite Semiconductor Memory Technology Inc (3006)?
The dividend yield of Elite Semiconductor Memory Technology Inc is 0.4% (payout 3.1%). 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 Elite Semiconductor Memory Technology Inc (3006)?
The net margin of Elite Semiconductor Memory Technology Inc is 30.5% (last twelve months). 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 Elite Semiconductor Memory Technology Inc (3006)?
The return on equity (ROE) of Elite Semiconductor Memory Technology Inc is 64.1% (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 Elite Semiconductor Memory Technology Inc (3006)?
On an EBIT basis the return on assets of Elite Semiconductor Memory Technology Inc is 5.4% (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 Elite Semiconductor Memory Technology Inc (3006)?
The operating margin of Elite Semiconductor Memory Technology Inc is 51.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Elite Semiconductor Memory Technology Inc (3006)?
Revenue at Elite Semiconductor Memory Technology Inc is growing +324% versus a year earlier (3y avg −3.5%). 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 Elite Semiconductor Memory Technology Inc (3006)?
Earnings per share at Elite Semiconductor Memory Technology Inc are growing +850% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Elite Semiconductor Memory Technology Inc (3006) hold?
Elite Semiconductor Memory Technology Inc holds more cash than debt, 1.0B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 24, 2026