Emerging Display Technologies Corp (3038) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Emerging Display Technologies Corp TWD 32.17, price TWD 20.30, upside +58.5%, quality 65 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 15.05 TWD – 40.73 TWD · fair‑value band 25.10 TWD – 37.55 TWD · the 20.30 TWD price screens below the 32.17 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Emerging Display Technologies Corp. produces and sells capacitive touch panels and liquid crystal displays (LCD) in Taiwan, Europe, the United States, and internationally.
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Emerging Display Technologies Corp. produces and sells capacitive touch panels and liquid crystal displays (LCD) in Taiwan, Europe, the United States, and internationally. The company offers thin-film transistor (TFT), super-twisted nematic (STN) character and graphic, TFT with capacitive touch, STN display, and FSTN display technologies using various methods of driver electronics on various modules, such as chip on glass, chip on board, chip on flex, tape automated bonding, and flexible print circuit board. It also provides smart embedded modules that offers components to control the display and touchscreen, as well as various interfaces. The company used its products in industrial equipment, smart home control devices, healthcare equipment, handheld devices, and information appliance products. Emerging Display Technologies Corp. was founded in 1983 and is headquartered in Kaohsiung, Taiwan.
Stock analysis
Emerging Display Technologies Corp (3038) currently trades at 20.30 TWD, while our model-based Fair Value estimate is 32.17 TWD, implying the stock looks roughly 36.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 30.47 TWD per share, and 16 of the 22 models we run sit above the 20.30 TWD price.
Bear case: the Earnings-Based group reads lowest at 9.93 TWD, and 6 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 25.10 TWD (bear) to 37.55 TWD (bull), the price of 20.30 TWD sits below 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 65/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Emerging Display Technologies Corp reported revenue of 3.0B TWD in FY2025 versus 4.2B TWD in FY2021, a compound −7.9%/yr. Reported net income was 163M TWD in FY2025, compounding −8.9%/yr from FY2021.
Key figures
Market cap 3.0B TWD (≈ $94.4M) · P/E ratio 18.5 · P/S ratio 1.00 · EPS (TTM) 1.10 TWD · Dividend yield 5.9% · Net margin 5.4% · Return on equity 5.5% · Return on assets (EBIT) 8.1%.
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 19% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at 58%, 3038 screens cheaper than that median.
Fair Value models
Bear 25.10 TWDFair Value 32.17 TWDBull 37.55 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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−16.5%
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.
−13.8%
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.
−4.2%
Start year 2020 (pandemic). Over 10 years: −1.4% a year
Revenue growth 25 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.
+2.7%
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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.
−1.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.0%
Dividend (yield on the price)5.9%
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.−7% 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.8% → 5%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−16.7%
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 −18.0% a year for the price.
Compare Emerging Display Technologies Corp with another stock
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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.Electronic Components · 654 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+59% · Top 25%
Profitability
Return on equity (TTM)6% · Below median
Return on assets2% · Below median
Net margin (TTM)5% · Above median
Operating margin (TTM)6% · Above median
Growth and dividend
Revenue growth−7% · Bottom 25%
Dividend yield (TTM)5.9% · Top 25%
Balance sheet
Debt / equity0.16× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Is Emerging Display Technologies Corp (3038) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 32.17 TWD versus a price of 20.30 TWD, about +58% upside (undervalued).
What is the fair value of 3038?
Our model-based fair value for Emerging Display Technologies Corp is 32.17 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 20.30 TWD.
What is the quality score of 3038?
Emerging Display Technologies Corp has a Quality Score of 65/100. 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 Emerging Display Technologies Corp (3038)?
Our model-based price target is the fair value of 32.17 TWD (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 25.10 TWD, optimistic scenario 37.55 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Emerging Display Technologies Corp stock forecast for 2026?
Our models put fair value at 32.17 TWD, about +58% upside versus a price of 20.30 TWD (undervalued). Cautious scenario 25.10 TWD, optimistic scenario 37.55 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Emerging Display Technologies Corp (3038)?
Emerging Display Technologies Corp reported trailing-twelve-month revenue of about 3.0B TWD (latest available figure, as of Sep 24, 2026).
Does Emerging Display Technologies Corp pay a dividend?
Emerging Display Technologies Corp currently shows a dividend yield of about 5.91% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Emerging Display Technologies Corp (3038)?
For today's price to be fair in a discounted-cash-flow model, Emerging Display Technologies Corp would have to grow free cash flow by -16.7 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3038 use?
Our models discount Emerging Display Technologies Corp at 11.8 %: a base by market capitalisation (micro), damped by beta 0.45, 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 Emerging Display Technologies Corp that is -16.7 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Emerging Display Technologies Corp (3038) delivered so far?
Over the past 5 years revenue at Emerging Display Technologies Corp grew -4.2 % a year. The price currently implies -16.7 % 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 Emerging Display Technologies Corp (3038) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Emerging Display Technologies Corp (-16.7 % 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 Emerging Display Technologies Corp (3038)?
The free-cash-flow yield on the price is 12.00 %: that much free cash flow Emerging Display Technologies Corp produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Emerging Display Technologies Corp (3038)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Emerging Display Technologies Corp it is 32.17 TWD per share (as of Sep 24, 2026), against a price of 20.30 TWD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Emerging Display Technologies Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3038 trades below its calculated fair value: price 20.30 TWD, fair value 32.17 TWD, a gap of about +58% (undervalued). 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 3038?
No. The price is what the market pays today (20.30 TWD); the fair value is what the company's own numbers justify (32.17 TWD). For Emerging Display Technologies Corp the two are 11.87 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Emerging Display Technologies Corp worth?
The market values Emerging Display Technologies Corp at about 3.0B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 20.30 TWD; our models calculate a fair value of 32.17 TWD per share.
What do the bullish and bearish scenarios say about 3038?
Our models span a range for Emerging Display Technologies Corp: cautious scenario 25.10 TWD, base 32.17 TWD, optimistic 37.55 TWD per share (as of Sep 24, 2026, price 20.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3038?
Emerging Display Technologies Corp trades at a price-to-earnings ratio of 18.5 (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 32.17 TWD is built from several models across several years. Other multiples: P/B 1.2, P/S 1.0, EV/EBITDA 10.3.
How solid is the balance sheet of Emerging Display Technologies Corp (3038)?
Balance-sheet figures for Emerging Display Technologies Corp (as of Sep 24, 2026): return on equity 5.5%, debt of 0.16 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 3038 from its 52-week high?
Emerging Display Technologies Corp trades at 20.30 TWD, about 19% below its 52-week high of 25.20 TWD and 2% above the low of 19.85 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 32.17 TWD is for.
Which stocks are comparable to Emerging Display Technologies Corp?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Emerging Display Technologies Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 20.30 TWD, calculated fair value 32.17 TWD (+58%), Quality Score 65/100, from 22 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 3038 calculated?
We run Emerging Display Technologies Corp through 22 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 32.17 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. Emerging Display Technologies Corp currently trades 58 % below its own fair value, and the market average says nothing about that. 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 Emerging Display Technologies Corp (3038)?
The closing price on Sep 24, 2026 was 20.30 TWD. Our model-based fair value is 32.17 TWD, about +58% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Emerging Display Technologies Corp right now?
The price is below even our cautious bear case (25.10 TWD). The market is more pessimistic than our downside scenario. 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 quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Emerging Display Technologies Corp (3038) come from?
Earnings per share at Emerging Display Technologies Corp grew +8.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.1 %, EBIT margin +4.6 %, tax rate +0.2 %, residual (interest, one-offs) −1.0 %. 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 Emerging Display Technologies Corp
How large is the market capitalisation of Emerging Display Technologies Corp (3038)?
The market capitalisation of Emerging Display Technologies Corp is 3.0B TWD (≈ $94.4M). 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 Emerging Display Technologies Corp (3038)?
The price-to-sales ratio of Emerging Display Technologies Corp is 1.00 (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 Emerging Display Technologies Corp (3038)?
Earnings per share at Emerging Display Technologies Corp are 1.10 TWD (price ÷ EPS = P/E 18.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Emerging Display Technologies Corp (3038)?
The dividend yield of Emerging Display Technologies Corp is 5.9% (payout 109%). 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 Emerging Display Technologies Corp (3038)?
The net margin of Emerging Display Technologies Corp is 5.4% (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 Emerging Display Technologies Corp (3038)?
The return on equity (ROE) of Emerging Display Technologies Corp is 5.5% (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 Emerging Display Technologies Corp (3038)?
On an EBIT basis the return on assets of Emerging Display Technologies Corp is 8.1% (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 Emerging Display Technologies Corp (3038)?
The operating margin of Emerging Display Technologies Corp is 5.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Emerging Display Technologies Corp (3038)?
Revenue at Emerging Display Technologies Corp is growing −6.8% versus a year earlier (3y avg −13.8%). 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 Emerging Display Technologies Corp (3038)?
Earnings per share at Emerging Display Technologies Corp are growing −29.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Emerging Display Technologies Corp (3038) hold?
Emerging Display Technologies Corp holds more cash than debt, 737M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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