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WT Microelectronics Co (3036) Fair Value & Analysis

Technology · TW · Market cap 259B TWD

WM WT Microelectronics Co 3036 · TW
Price211.50 TWD
Fair Value197.02 TWD
Upside-6.9%
Quality49/100
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Healthy Growth
Thin margins · 1.3% net margin
Low debt · generates free cash flow
3.70% dividend yield
Ranks above peers (10/14)
Narrow moat 39/100
Evidence: High Range 139.22 TWD – 254.82 TWD Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 22 days ago

Share price +0.5% over the past month.

Below-average quality, 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.
  • A fairly wide model range (139.22 TWD to 254.82 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

301.50 TWD 37.01 TWD Fair Value 197.02 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 37.01 TWD – 301.50 TWD · fair‑value band 139.22 TWD – 254.82 TWD · the 211.50 TWD price screens above the 197.02 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

WT Microelectronics Co (3036) currently trades at 211.50 TWD, while our model-based Fair Value estimate is 197.02 TWD, implying the stock looks roughly 6.9% fairly valued today. We read business quality at 49/100 (below-average 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, WT Microelectronics Co generated revenue of 1.4T TWD at a net margin of 1.3%. Revenue grew 99.8% year over year. It earns a return on equity of 16.2%. Net debt stands at 43.5B TWD. Fundamentals as of Jul 16, 2026

Our scenario range runs from 139.22 TWD (bear case) to 254.82 TWD (bull case); at 211.50 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 31% below its 52-week high and 79% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -7%, 3036 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 210.88 TWD 412.59 TWD 837.74 TWD 80
Residual Income 86.09 TWD 101.11 TWD 194.76 TWD 76
Rev-Margin DCF 174.31 TWD 361.74 TWD 654.56 TWD 74
All 26 models by family
DCF Models
FCF DCF 224.04 TWD 364.26 TWD 822.72 TWD 38
Owner Earnings 173.28 TWD 412.60 TWD 937.47 TWD 31
5Y Revenue Exit 174.31 TWD 315.64 TWD 602.86 TWD 39
5Y EBITDA Exit 184.42 TWD 336.64 TWD 626.31 TWD 41
5Y P/E Exit 174.05 TWD 373.37 TWD 637.36 TWD 38
10Y Revenue Exit 182.22 TWD 399.51 TWD 582.06 TWD 36
10Y EBITDA Exit 196.47 TWD 420.70 TWD 836.85 TWD 37
10Y P/E Exit 188.84 TWD 398.96 TWD 765.65 TWD 35
Earnings-Based
Graham-Dodd 72.35 TWD 504.59 TWD 708.11 TWD 54
Lynch FV 171.91 TWD 245.58 TWD 319.25 TWD 50
PEG = 1.0 171.91 TWD 245.58 TWD 319.25 TWD 46
EPV 129.04 TWD 152.68 TWD 173.69 TWD 59
Dividend Discount
Gordon GGM 52.88 TWD 115.45 TWD 194.24 TWD 70
DDM Multi-Stage 52.88 TWD 94.57 TWD 120.31 TWD 61
Multiples
P/E Multiple 159.60 TWD 212.81 TWD 266.01 TWD 63
P/S Multiple 135.66 TWD 180.89 TWD 226.11 TWD 58
P/B Multiple 135.66 TWD 180.89 TWD 226.11 TWD 55
EV/EBIT 216.57 TWD 290.40 TWD 364.22 TWD 53
EV/EBITDA 168.49 TWD 226.29 TWD 284.08 TWD 54
EV/Revenue 144.39 TWD 208.37 TWD 272.35 TWD 43
Asset-Based
NCAV (Graham) 46.22 TWD 61.93 TWD 92.44 TWD 50
Growth DCF
Growth DCF 210.88 TWD 412.59 TWD 837.74 TWD 80
Rev-Margin DCF 174.31 TWD 361.74 TWD 654.56 TWD 74
Economic Profit
Residual Income 86.09 TWD 101.11 TWD 194.76 TWD 76
ROIC Compounder 162.10 TWD 244.84 TWD 310.80 TWD 72
Growth Earnings
Growth-Adj P/E 221.18 TWD 315.97 TWD 410.76 TWD 68

Widest divergence: DCF Models (373.37 TWD) versus Asset-Based (61.93 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.4T TWD
Revenue growth (YoY) +99.8%
Net margin 1.3%
Return on equity 16.2%
Free cash flow 16.3B TWD FY2025
P/E ratio 27.3
More key figures
Operating margin 2.0%
EPS (TTM) 10.31 TWD
Dividend yield 3.7%
EPS growth (YoY) +111%
Net debt 43.5B TWD FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 40 · Market factors (momentum, volatility) 74

Profitability 42
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 12
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

WT Microelectronics Co., Ltd., together with its subsidiaries, provides electronic component distribution services in the United States, Taiwan, Mainland China, and internationally. The company also provides professional supply chain management; value-added technical support; component application; and product development timeline facilitation services.

Full company description

WT Microelectronics Co., Ltd., together with its subsidiaries, provides electronic component distribution services in the United States, Taiwan, Mainland China, and internationally. The company also provides professional supply chain management; value-added technical support; component application; and product development timeline facilitation services. Its products are used in various fields, such as automotive electronics, industrial and instrument, communication, datacenter and server, consumer electronics, PC and peripherals, and mobile phones. WT Microelectronics Co., Ltd. was founded in 1993 and is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WT Microelectronics Co reported revenue of 1.2T TWD in FY2025 versus 448B TWD in FY2021, a compound +27.3%/yr. Reported net income was 13.5B TWD in FY2025, compounding +14.3%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.2T TWD
Latest YoY
+22.8%
Avg. growth/yr (3Y)
+27.3%
Avg. growth/yr (5Y)
+27.2%
Avg. growth/yr (23Y)
+22.8%
Revenue +27.3%/yr
FY21 448B TWD
FY22 571B TWD
FY23 595B TWD
FY24 959B TWD
FY25 1.2T TWD
Net income +14.3%/yr
FY21 7.9B TWD
FY22 7.6B TWD
FY23 4.0B TWD
FY24 8.8B TWD
FY25 13.5B TWD

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Cite: Fair Value Calculator (2026). "WT Microelectronics Co Fair Value". https://www.fairvalue-calculator.com/stock/3036

Peer Group

Electronic Components · 626 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 49 · Below median
Fair Value upside −7% · Above median
Return on equity (TTM) 16% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 100% · Top 25%
Dividend yield (TTM) 3.7% · Top 25%
Debt / equity 0.29× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 17.7× · Cheaper than 75% of peers
P/B 2.20× · Cheaper than median
P/S (TTM) 0.18× · Cheaper than 75% of peers
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 9.8× · 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 24 · sector 0
FUTURE 100 · sector 32
PAST 65 · sector 24
HEALTH 85 · sector 95
DIVIDEND 74 · sector 24

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is WT Microelectronics Co (3036) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 197.02 TWD versus a price of 211.50 TWD, about −7% (fairly valued).
What is the fair value of 3036?
Our model-based fair value for WT Microelectronics Co is 197.02 TWD (as of Jul 16, 2026), built from audited fundamentals. The current price is 211.50 TWD.
What is the quality score of 3036?
WT Microelectronics Co has a Quality Score of 49/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of WT Microelectronics Co (3036)?
WT Microelectronics Co reported trailing-twelve-month revenue of about 1.4T TWD (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 3036?
The net profit margin of WT Microelectronics Co is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.
Does WT Microelectronics Co pay a dividend?
WT Microelectronics Co currently shows a dividend yield of about 3.70% relative to its recent price (as of Jul 16, 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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