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Zero One Technology Co (3029) Fair Value & Analysis

Technology · TW · Market cap 17.2B TWD

ZO Zero One Technology Co 3029 · TW
Price109.50 TWD
Fair Value112.14 TWD
Upside+2.4%
Quality53/100
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Healthy Growth
Thin margins · 4.5% net margin
Low debt · generates free cash flow
5.29% dividend yield
Ranks above peers (13/15)
Moderate moat 47/100
Evidence: Medium Range 84.11 TWD – 142.35 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Share price +5.8% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 84.11 TWD (bear) to 142.35 TWD (bull), base 112.14 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 53/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

157.48 TWD 29.11 TWD Fair Value 112.14 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 29.11 TWD – 157.48 TWD · fair‑value band 84.11 TWD – 142.35 TWD · the 109.50 TWD price screens below the 112.14 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Zero One Technology Co (3029) currently trades at 109.50 TWD, while our model-based Fair Value estimate is 112.14 TWD, implying the stock looks roughly 2.4% fairly valued today. The Quality Score stands at 53/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Zero One Technology Co generated revenue of 25.0B TWD at a net margin of 4.5%. Revenue grew 1.7% year over year. It earns a return on equity of 21.3%. The balance sheet holds a net cash position of 2.8B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 84.11 TWD (bear case) to 142.35 TWD (bull case); at 109.50 TWD, the current price sits within 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 12% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 2%, 3029 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 BearBaseBull Evidence
Highest evidence
Growth DCF 165.87 TWD 283.15 TWD 486.18 TWD 80
Residual Income 43.33 TWD 57.29 TWD 215.36 TWD 76
Rev-Margin DCF 121.95 TWD 192.62 TWD 286.19 TWD 74
All 24 models by family
DCF Models
FCF DCF 167.81 TWD 298.13 TWD 531.61 TWD 38
Owner Earnings 113.25 TWD 195.88 TWD 343.92 TWD 31
5Y Revenue Exit 121.95 TWD 193.83 TWD 291.03 TWD 39
5Y EBITDA Exit 125.66 TWD 201.64 TWD 296.79 TWD 41
5Y P/E Exit 128.72 TWD 208.08 TWD 299.34 TWD 38
10Y Revenue Exit 133.08 TWD 207.47 TWD 321.54 TWD 36
10Y EBITDA Exit 138.46 TWD 213.27 TWD 326.46 TWD 37
10Y P/E Exit 140.50 TWD 218.04 TWD 328.65 TWD 35
Earnings-Based
Graham-Dodd 44.86 TWD 223.82 TWD 308.83 TWD 54
Lynch FV 60.49 TWD 86.42 TWD 112.34 TWD 50
PEG = 1.0 60.49 TWD 86.42 TWD 112.34 TWD 46
EPV 85.55 TWD 96.69 TWD 106.44 TWD 59
Multiples
P/E Multiple 98.95 TWD 131.93 TWD 164.92 TWD 63
P/S Multiple 84.11 TWD 112.14 TWD 140.18 TWD 58
P/B Multiple 78.30 TWD 104.40 TWD 130.50 TWD 55
EV/EBIT 141.04 TWD 181.82 TWD 222.59 TWD 53
EV/EBITDA 112.87 TWD 144.26 TWD 175.65 TWD 54
EV/Revenue 101.17 TWD 136.51 TWD 171.85 TWD 43
Asset-Based
NCAV (Graham) 17.40 TWD 23.32 TWD 34.80 TWD 50
Growth DCF
Growth DCF 165.87 TWD 283.15 TWD 486.18 TWD 80
Rev-Margin DCF 121.95 TWD 192.62 TWD 286.19 TWD 74
Economic Profit
Residual Income 43.33 TWD 57.29 TWD 215.36 TWD 76
ROIC Compounder 93.02 TWD 114.81 TWD 140.85 TWD 72
Growth Earnings
Growth-Adj P/E 90.17 TWD 128.82 TWD 167.47 TWD 68

Widest divergence: DCF Models (207.47 TWD) versus Asset-Based (23.32 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 25.0B TWD
Revenue growth (YoY) +1.7%
Net margin 4.5%
Return on equity 21.3%
Free cash flow 1.9B TWD FY2025
P/E ratio 15.9
More key figures
Operating margin 5.6%
EPS (TTM) 6.51 TWD
Dividend yield 5.2%
EPS growth (YoY) -34.2%
Net cash 2.8B TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 56 · Market factors (momentum, volatility) 55

Profitability 57
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 44
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 0
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

Zero One Technology Co., Ltd., together with its subsidiaries, provides enterprise information technology solutions in Taiwan and internationally. The company designs, manufactures, packages, and sells electronic information, computer software, hardware, accessories, components, Chinese data processing, and others, as well as consulting services.

Full company description

Zero One Technology Co., Ltd., together with its subsidiaries, provides enterprise information technology solutions in Taiwan and internationally. The company designs, manufactures, packages, and sells electronic information, computer software, hardware, accessories, components, Chinese data processing, and others, as well as consulting services. It also engages in IT infrastructure; network and information security; cloud platform and application; big data application; artificial intelligence; investment activities; commodities trading; and technical services. The company was incorporated in 1980 and is based in Taipei, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zero One Technology Co reported revenue of 24.9B TWD in FY2025 versus 12.9B TWD in FY2021, a compound +17.9%/yr. Reported net income was 1.1B TWD in FY2025, compounding +19.3%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
24.9B TWD
Latest YoY
+34.7%
Avg. growth/yr (3Y)
+25.0%
Avg. growth/yr (5Y)
+20.4%
Avg. growth/yr (23Y)
+9.4%
Revenue +17.9%/yr
FY21 12.9B TWD
FY22 12.7B TWD
FY23 13.9B TWD
FY24 18.5B TWD
FY25 24.9B TWD
Net income +19.3%/yr
FY21 537M TWD
FY22 614M TWD
FY23 692M TWD
FY24 834M TWD
FY25 1.1B TWD

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Cite: Fair Value Calculator (2026). "Zero One Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/3029

Peer Group

Computer Hardware · 215 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 53 · Above median
Fair Value upside +2% · Above median
Return on equity (TTM) 21% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth 2% · Below median
Dividend yield (TTM) 5.3% · Top 25%

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 15.4× · Cheaper than 75% of peers
P/B 2.99× · Pricier than median
P/S (TTM) 0.69× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 8.9× · Cheaper than median
PEG 0.39× · Cheaper than 75% of peers

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 37 · sector 0
FUTURE 9 · sector 57
PAST 85 · sector 26
HEALTH 100 · sector 97
DIVIDEND 100 · sector 44

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is Zero One Technology Co (3029) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 112.14 TWD versus a price of 109.50 TWD, about +2% (fairly valued).
What is the fair value of 3029?
Our model-based fair value for Zero One Technology Co is 112.14 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 109.50 TWD.
What is the quality score of 3029?
Zero One Technology Co has a Quality Score of 53/100. 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 Zero One Technology Co (3029)?
Zero One Technology Co reported trailing-twelve-month revenue of about 25.0B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3029?
The net profit margin of Zero One Technology Co is about 4.5%, meaning it keeps roughly 4.5% of revenue as net income. Based on the latest reported figures.
Does Zero One Technology Co pay a dividend?
Zero One Technology Co currently shows a dividend yield of about 5.24% relative to its recent price (as of Jul 23, 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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