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Faraday Technology Corporation (3035) Fair Value & Analysis

Technology · TW · Market cap 47.6B TWD

FT Faraday Technology Corporation 3035 · TW
Price172.00 TWD
Fair Value56.14 TWD
Upside-67.4%
Quality54/100
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Mixed Growth
Thin margins · 3.7% net margin
Low debt · generates free cash flow
0.98% dividend yield
Trails peers (4/15)
Narrow moat 34/100
Evidence: High Range 42.10 TWD – 70.17 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price −20.4% over the past month.

A solid business, but screening 67% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (70.17 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

437.35 TWD 44.90 TWD Fair Value 56.14 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 44.90 TWD – 437.35 TWD · fair‑value band 42.10 TWD – 70.17 TWD · the 172.00 TWD price screens above the 56.14 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Faraday Technology Corporation (3035) currently trades at 172.00 TWD, while our model-based Fair Value estimate is 56.14 TWD, implying the stock looks roughly 67.4% overvalued today. The Quality Score stands at 54/100 (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, Faraday Technology Corporation generated revenue of 13.1B TWD at a net margin of 3.7%. Revenue declined 65.2% year over year. It earns a return on equity of 4.0%. The balance sheet holds a net cash position of 6.7B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 42.10 TWD (bear case) to 70.17 TWD (bull case); at 172.00 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 26% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -67%, 3035 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 39.97 TWD 46.36 TWD 55.74 TWD 80
Residual Income 39.50 TWD 40.86 TWD 40.91 TWD 76
Rev-Margin DCF 44.18 TWD 55.73 TWD 69.37 TWD 74
All 26 models by family
DCF Models
FCF DCF 39.84 TWD 47.21 TWD 58.85 TWD 38
Owner Earnings 72.68 TWD 100.30 TWD 143.89 TWD 31
5Y Revenue Exit 44.18 TWD 55.94 TWD 71.35 TWD 39
5Y EBITDA Exit 64.72 TWD 95.34 TWD 132.21 TWD 41
5Y P/E Exit 56.85 TWD 80.24 TWD 105.57 TWD 38
10Y Revenue Exit 41.91 TWD 52.38 TWD 67.16 TWD 36
10Y EBITDA Exit 55.75 TWD 80.10 TWD 114.69 TWD 37
10Y P/E Exit 50.68 TWD 69.48 TWD 93.89 TWD 35
Earnings-Based
Graham-Dodd 19.09 TWD 66.64 TWD 89.58 TWD 54
Lynch FV 15.50 TWD 22.15 TWD 28.79 TWD 50
PEG = 1.0 15.50 TWD 22.15 TWD 28.79 TWD 46
EPV 39.70 TWD 41.67 TWD 43.40 TWD 59
Dividend Discount
Gordon GGM 27.55 TWD 57.27 TWD 90.86 TWD 70
DDM Multi-Stage 27.55 TWD 48.08 TWD 60.11 TWD 61
Multiples
P/E Multiple 42.10 TWD 56.14 TWD 70.17 TWD 63
P/S Multiple 35.79 TWD 47.72 TWD 59.65 TWD 58
P/B Multiple 35.79 TWD 47.72 TWD 59.65 TWD 55
EV/EBIT 56.49 TWD 66.03 TWD 75.57 TWD 53
EV/EBITDA 83.29 TWD 101.76 TWD 120.23 TWD 54
EV/Revenue 47.16 TWD 55.43 TWD 63.70 TWD 43
Asset-Based
NCAV (Graham) 25.06 TWD 33.57 TWD 50.11 TWD 50
Growth DCF
Growth DCF 39.97 TWD 46.36 TWD 55.74 TWD 80
Rev-Margin DCF 44.18 TWD 55.73 TWD 69.37 TWD 74
Economic Profit
Residual Income 39.50 TWD 40.86 TWD 40.91 TWD 76
ROIC Compounder 39.70 TWD 41.67 TWD 43.40 TWD 72
Growth Earnings
Growth-Adj P/E 36.50 TWD 52.14 TWD 67.78 TWD 68

Widest divergence: DCF Models (69.48 TWD) versus Earnings-Based (22.15 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 13.1B TWD
Revenue growth (YoY) -65.2%
Net margin 3.7%
Return on equity 4.0%
Free cash flow 266M TWD FY2025
P/E ratio 65.9
More key figures
Operating margin 3.7%
EPS (TTM) 2.79 TWD
Dividend yield 1.0%
EPS growth (YoY) -69.9%
Net cash 6.7B TWD FY2025

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 56 · Market factors (momentum, volatility) 40

Profitability 40
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 71
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

Faraday Technology Corporation, together with its subsidiaries, operates as a fabless ASIC/SoC and silicon intellectual property (IP) provider in China, Taiwan, Japan, the United States, and internationally. The company offers ASIC/SoC design services, including architecture exploration, integration express, verification exploration, SoReal!

Full company description

Faraday Technology Corporation, together with its subsidiaries, operates as a fabless ASIC/SoC and silicon intellectual property (IP) provider in China, Taiwan, Japan, the United States, and internationally. The company offers ASIC/SoC design services, including architecture exploration, integration express, verification exploration, SoReal! 2.0 virtual platform, and CPU development services; SoC platforms, such as OSKit, FlashKit, HiSpeedKit, and FPGAKit; turnkey solutions comprising process technology, design methodology, fabrication services, package services, test services, failure analysis, and reliability services; and SONOS eFlash platform, UMC 14nm, 28/22nm ASIC solution, FPGA-Go-ASIC service, Al and HPC solitopns, IoT MCU solutions, FinFET ASIC solution, and automotive solutions. It also provides silicon IP products, including analog, digital, IO functional libraries, interface solution, logic core cell libraries, memory compiler, and hot IP solutions. The company was incorporated in 1993 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

Faraday Technology Corporation reported revenue of 18.0B TWD in FY2025 versus 8.1B TWD in FY2021, a compound +22.1%/yr. Reported net income was 731M TWD in FY2025, compounding −10.8%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
18.0B TWD
Latest YoY
+62.6%
Avg. growth/yr (3Y)
+11.3%
Avg. growth/yr (5Y)
+26.8%
Avg. growth/yr (23Y)
+7.4%
Revenue +22.1%/yr
FY21 8.1B TWD
FY22 13.1B TWD
FY23 12.0B TWD
FY24 11.1B TWD
FY25 18.0B TWD
Net income −10.8%/yr
FY21 1.2B TWD
FY22 2.5B TWD
FY23 1.6B TWD
FY24 1.0B TWD
FY25 731M TWD

3035 screens 67% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "Faraday Technology Corporation Fair Value". https://www.fairvalue-calculator.com/stock/3035

Peer Group

Semiconductor Equipment & Materials · 211 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 54 · Below median
Fair Value upside −67% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth -65% · Bottom 25%
Dividend yield (TTM) 1.0% · Above median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 97.1× · Pricier than 75% of peers
P/B 3.64× · Pricier than median
P/S (TTM) 3.62× · Cheaper than median
P/FCF 5.6× · Pricier than median
EV/EBITDA 98.8× · Pricier than 75% of peers
PEG 1.16× · Cheaper 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 0 · sector 58
PAST 16 · sector 30
HEALTH 100 · sector 96
DIVIDEND 20 · sector 16

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is Faraday Technology Corporation (3035) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 56.14 TWD versus a price of 172.00 TWD, about −67% (overvalued).
What is the fair value of 3035?
Our model-based fair value for Faraday Technology Corporation is 56.14 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 172.00 TWD.
What is the quality score of 3035?
Faraday Technology Corporation has a Quality Score of 54/100. 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 Faraday Technology Corporation (3035)?
Faraday Technology Corporation reported trailing-twelve-month revenue of about 13.1B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3035?
The net profit margin of Faraday Technology Corporation is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. Based on the latest reported figures.
Does Faraday Technology Corporation pay a dividend?
Faraday Technology Corporation currently shows a dividend yield of about 1.01% 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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