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ALi Corporation (3041) Fair Value & Analysis

Technology · TW · Market cap 3.4B TWD

AC ALi Corporation 3041 · TW
Price24.55 TWD
Fair Value32.07 TWD
Upside+30.6%
Quality33/100
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Weak Growth
Loss-making · -40.7% net margin
Moderate debt · negative free cash flow
Trails peers (4/11)
Narrow moat 12/100
Evidence: Medium Range 23.26 TWD – 40.89 TWD Share as image

Fair value as of: Jul 23, 2026

From 8 valuation models · updated 19 days ago

Share price −7.2% over the past month.

Below-average quality, screening 31% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
  • Our model range runs from 23.26 TWD (bear) to 40.89 TWD (bull), base 32.07 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 33/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

42.70 TWD 16.80 TWD Fair Value 32.07 TWD Feb 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 16.80 TWD – 42.70 TWD · fair‑value band 23.26 TWD – 40.89 TWD · the 24.55 TWD price screens below the 32.07 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

ALi Corporation (3041) currently trades at 24.55 TWD, while our model-based Fair Value estimate is 32.07 TWD, implying the stock looks roughly 30.6% undervalued today. The Quality Score stands at 33/100 (below-average 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, ALi Corporation generated revenue of 1.2B TWD at a net margin of -40.7%. Revenue grew 9.7% year over year. It earns a return on equity of -50.3%. Net debt stands at 533M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 23.26 TWD (bear case) to 40.89 TWD (bull case); at 24.55 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 25% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at 31%, 3041 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 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
Highest evidence
ROIC Compounder 19.10 TWD 23.33 TWD 27.59 TWD 72
Gordon GGM 14.80 TWD 16.13 TWD 18.15 TWD 70
DDM Multi-Stage 14.80 TWD 18.29 TWD 23.06 TWD 61
All 8 models by family
Earnings-Based
EPV 19.10 TWD 22.45 TWD 25.34 TWD 59
Dividend Discount
Gordon GGM 14.80 TWD 16.13 TWD 18.15 TWD 70
DDM Multi-Stage 14.80 TWD 18.29 TWD 23.06 TWD 61
Multiples
EV/EBIT 32.89 TWD 44.56 TWD 56.23 TWD 53
EV/EBITDA 29.00 TWD 39.37 TWD 49.74 TWD 54
EV/Revenue 15.07 TWD 22.44 TWD 29.81 TWD 43
Asset-Based
NCAV (Graham) 4.95 TWD 6.63 TWD 9.89 TWD 50
Economic Profit
ROIC Compounder 19.10 TWD 23.33 TWD 27.59 TWD 72

Widest divergence: Multiples (39.37 TWD) versus Asset-Based (6.63 TWD). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 1.2B TWD
Revenue growth (YoY) +9.7%
Net margin -40.7%
Return on equity -50.3%
Free cash flow −399M TWD FY2025
Operating margin -39.7%
More key figures
EPS (TTM) -3.43 TWD
EPS growth (YoY) +22.4%
Net debt 533M TWD FY2025

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

Quality Score breakdown

Overall quality 33/100

Of which business quality 33 · Market factors (momentum, volatility) 39

Profitability 9
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 50
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

ALi Corporation engages in the research, development, design, and sale of chipsets for consumer electronic products in Hong Kong, Singapore, Mainland China, South Korea, Taiwan, and internationally. It offers digital set-top box (STB) products, including cables, satellites, terrestrial, and decoder and IP.

Full company description

ALi Corporation engages in the research, development, design, and sale of chipsets for consumer electronic products in Hong Kong, Singapore, Mainland China, South Korea, Taiwan, and internationally. It offers digital set-top box (STB) products, including cables, satellites, terrestrial, and decoder and IP. The company also provides ALiIN, an AI computing platform for indoor applications; wireless-connectivity; smart display solutions, such as HDMI dongle and Pico projector; smart mobile robots comprising consumer robots and commercial service robots; human machine interfaces; and smart audio products which includes smart speaker and voice controller. The company was formerly known as Acer Laboratories, Inc. and changed its name to ALi Corporation in 2002. ALi Corporation was founded in 1987 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ALi Corporation reported revenue of 1.4B TWD in FY2025 versus 2.8B TWD in FY2021, a compound −16.1%/yr. Reported net income was −455M TWD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.4B TWD
Latest YoY
−14.3%
Avg. growth/yr (3Y) 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.
−19.3%
Avg. growth/yr (5Y) 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.
−7.6%
Avg. growth/yr (23Y) 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.
−6.2%
Revenue −16.1%/yr
FY21 2.8B TWD
FY22 2.7B TWD
FY23 1.4B TWD
FY24 1.6B TWD
FY25 1.4B TWD
Net income
FY21 −89.7M TWD
FY22 14.2M TWD
FY23 −1.7B TWD
FY24 −281M TWD
FY25 −455M TWD

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Cite: Fair Value Calculator (2026). "ALi Corporation Fair Value". https://www.fairvalue-calculator.com/stock/3041

Peer Group

Semiconductor Equipment & Materials · 213 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 33 · Bottom 25%
Fair Value upside +31% · Top 25%
Return on assets -13% · Bottom 25%
Net margin (TTM) -41% · Bottom 25%
Operating margin (TTM) -40% · Bottom 25%
Revenue growth 10% · Below median
Debt / equity 0.64× · Higher than 75% of peers

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

P/B 0.08× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper than 75% of peers
PEG 1.21× · 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 74 · sector 0
FUTURE 49 · sector 59
PAST 0 · sector 31
HEALTH 68 · sector 96
DIVIDEND 0 · sector 16

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 23, 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 ALi Corporation (3041) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 32.07 TWD versus a price of 24.55 TWD, about +31% (undervalued).
What is the fair value of 3041?
Our model-based fair value for ALi Corporation is 32.07 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 24.55 TWD.
What is the quality score of 3041?
ALi Corporation has a Quality Score of 33/100. 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 ALi Corporation (3041)?
ALi Corporation reported trailing-twelve-month revenue of about 1.2B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3041?
The net profit margin of ALi Corporation is about -40.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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