FSP Technology Inc (3015) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of FSP Technology Inc TWD 31.60, price TWD 53.30, upside -40.7%, quality 60 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 31.32 TWD – 74.80 TWD · fair‑value band 25.61 TWD – 39.50 TWD · the 53.30 TWD price screens above the 31.60 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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FSP Technology Inc. engages in manufacture, process, and trade of power supplies and electronic components in Taiwan, China, the United States of America, Germany, and internationally.
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FSP Technology Inc. engages in manufacture, process, and trade of power supplies and electronic components in Taiwan, China, the United States of America, Germany, and internationally. The company's products include adapter; industrial PC, open frame, immersion cooling, medical, panel mount, television, solid-state lighting, and personal computer power supply; battery charger; PV inverter; uninterruptible power system; energy storage system; and display PSU. It also offers PSU plus BBU, and CRPS and M-CRPS. Its products are used in medical, gaming, PD charger, edge computing, smart manufacturing, 5G, smart life, battery charger, networking, and UPS applications. FSP Technology Inc. was incorporated in 1993 and is based in Taoyuan City, Taiwan.
Stock analysis
FSP Technology Inc (3015) currently trades at 53.30 TWD, while our model-based Fair Value estimate is 31.60 TWD, implying the stock looks roughly 68.7% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 44.82 TWD per share, and 1 of the 24 models we run sit above the 53.30 TWD price.
Bear case: the Earnings-Based group reads lowest at 15.45 TWD, and 23 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 25.61 TWD (bear) to 39.50 TWD (bull), the price of 53.30 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 60/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
FSP Technology Inc reported revenue of 13.1B TWD in FY2025 versus 16.7B TWD in FY2021, a compound −5.9%/yr. Reported net income was 348M TWD in FY2025, compounding −17.6%/yr from FY2021.
Key figures
Market cap 10.0B TWD (≈ $316M) · P/E ratio 32.8 · P/S ratio 0.87 · EPS (TTM) 1.85 TWD · Dividend yield 4.1% · Net margin 2.7% · Return on equity 3.1% · Return on assets (EBIT) 2.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −28% fair-value upside, at −41%, 3015 screens richer than that median.
Fair Value models
Bear 25.61 TWDFair Value 31.60 TWDBull 39.50 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+12.6%
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.
−4.4%
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.
−2.5%
Start year 2020 (pandemic). Over 10 years: −0.6% a year
Revenue growth 23 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.
+4.4%
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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.
−8.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.1%
Dividend (yield on the price)4.1%
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.−12% vs 1%, 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.7% → 1%
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.
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).
+12.5%
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 +10.7% a year for the price.
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.Electrical Equipment & Parts · 553 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−41% · Below median
Profitability
Return on equity (TTM)3% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)3% · Below median
Operating margin (TTM)1% · Bottom 25%
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)4.1% · Top 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)32.8× · Pricier than median
P/B0.80× · Cheapest 25%
P/S (TTM)0.77× · Cheaper than median
P/FCF1.2× · Cheaper than median
EV/EBITDA17.9× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)2· sector 58
PAST (return on equity)13· sector 26
HEALTH (low debt)100· sector 97
DIVIDEND (yield)83· sector 23
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 FSP Technology Inc (3015) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 31.60 TWD versus a price of 53.30 TWD, about −41% upside (overvalued).
What is the fair value of 3015?
Our model-based fair value for FSP Technology Inc is 31.60 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 53.30 TWD.
What is the quality score of 3015?
FSP Technology Inc has a Quality Score of 60/100. 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 FSP Technology Inc (3015)?
Our model-based price target is the fair value of 31.60 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 25.61 TWD, optimistic scenario 39.50 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the FSP Technology Inc stock forecast for 2026?
Our models put fair value at 31.60 TWD, about −41% upside versus a price of 53.30 TWD (overvalued). Cautious scenario 25.61 TWD, optimistic scenario 39.50 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of FSP Technology Inc (3015)?
FSP Technology Inc reported trailing-twelve-month revenue of about 13.1B TWD (latest available figure, as of Sep 24, 2026).
Does FSP Technology Inc pay a dividend?
FSP Technology Inc currently shows a dividend yield of about 4.13% relative to its recent price (as of Sep 24, 2026).
What growth is priced into FSP Technology Inc (3015)?
For today's price to be fair in a discounted-cash-flow model, FSP Technology Inc would have to grow free cash flow by +12.5 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3015 use?
Our models discount FSP Technology Inc at 10.3 %: a base by market capitalisation (small), damped by beta 0.25, 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 FSP Technology Inc that is +12.5 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has FSP Technology Inc (3015) delivered so far?
Over the past 5 years revenue at FSP Technology Inc grew -2.5 % a year. The price currently implies +12.5 % 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 FSP Technology Inc (3015) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into FSP Technology Inc (+12.5 % 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 FSP Technology Inc (3015)?
The free-cash-flow yield on the price is 2.60 %: that much free cash flow FSP Technology Inc produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of FSP Technology Inc (3015)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FSP Technology Inc it is 31.60 TWD per share (as of Sep 24, 2026), against a price of 53.30 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is FSP Technology Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3015 trades above its calculated fair value: price 53.30 TWD, fair value 31.60 TWD, a gap of about −41% (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 3015?
No. The price is what the market pays today (53.30 TWD); the fair value is what the company's own numbers justify (31.60 TWD). For FSP Technology Inc the two are 21.70 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is FSP Technology Inc worth?
The market values FSP Technology Inc at about 10.0B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 53.30 TWD; our models calculate a fair value of 31.60 TWD per share.
What do the bullish and bearish scenarios say about 3015?
Our models span a range for FSP Technology Inc: cautious scenario 25.61 TWD, base 31.60 TWD, optimistic 39.50 TWD per share (as of Sep 24, 2026, price 53.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3015?
FSP Technology Inc trades at a price-to-earnings ratio of 32.8 (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 31.60 TWD is built from several models across several years. Other multiples: P/B 0.8, P/S 0.8, EV/EBITDA 17.9.
How solid is the balance sheet of FSP Technology Inc (3015)?
Balance-sheet figures for FSP Technology Inc (as of Sep 24, 2026): return on equity 3.1%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 3015 from its 52-week high?
FSP Technology Inc trades at 53.30 TWD, about 29% below its 52-week high of 74.80 TWD and 9% above the low of 48.90 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 31.60 TWD is for.
Which stocks are comparable to FSP Technology Inc?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Prysmian S.p.A, 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 FSP Technology Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 53.30 TWD, calculated fair value 31.60 TWD (−41%), Quality Score 60/100, 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 3015 calculated?
We run FSP 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 31.60 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 14.0 % above its aggregate fair value. FSP 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 FSP Technology Inc (3015)?
The closing price on Sep 24, 2026 was 53.30 TWD. Our model-based fair value is 31.60 TWD, about −41% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FSP Technology Inc right now?
The price sits above even our optimistic bull case (39.50 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of FSP Technology Inc (3015) come from?
Earnings per share at FSP Technology Inc grew +4.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −0.9 %, EBIT margin +7.5 %, tax rate +0.6 %, residual (interest, one-offs) −2.9 %. 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 FSP Technology Inc
How large is the market capitalisation of FSP Technology Inc (3015)?
The market capitalisation of FSP Technology Inc is 10.0B TWD (≈ $316M). 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 FSP Technology Inc (3015)?
The price-to-sales ratio of FSP Technology Inc is 0.87 (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 FSP Technology Inc (3015)?
Earnings per share at FSP Technology Inc are 1.85 TWD (price ÷ EPS = P/E 32.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FSP Technology Inc (3015)?
The dividend yield of FSP Technology Inc is 4.1% (payout 119%). 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 FSP Technology Inc (3015)?
The net margin of FSP Technology Inc is 2.7% (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 FSP Technology Inc (3015)?
The return on equity (ROE) of FSP Technology Inc is 3.1% (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 FSP Technology Inc (3015)?
On an EBIT basis the return on assets of FSP Technology Inc is 2.6% (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 FSP Technology Inc (3015)?
The operating margin of FSP Technology Inc is 0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FSP Technology Inc (3015)?
Revenue at FSP Technology Inc is growing +0.4% versus a year earlier (3y avg −4.4%). 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 FSP Technology Inc (3015)?
Earnings per share at FSP Technology Inc are growing +85.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does FSP Technology Inc (3015) hold?
FSP Technology Inc holds more cash than debt, 2.8B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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