AOPEN Incorporated (3046) Fair Value & Analysis
Technology · TW · Market cap 4.1B TWD
Fair value as of: Jul 21, 2026
From 26 valuation models · updated 20 days ago
Share price +6.3% over the past month.
A solid business, screening 36% undervalued on our models.
What matters now
- Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
- Our model range runs from 60.21 TWD (bear) to 98.21 TWD (bull), base 80.27 TWD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 57/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
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 14.80 TWD – 99.46 TWD · fair‑value band 60.21 TWD – 98.21 TWD · the 59.10 TWD price screens below the 80.27 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
AOPEN Incorporated (3046) currently trades at 59.10 TWD, while our model-based Fair Value estimate is 80.27 TWD, implying the stock looks roughly 35.8% undervalued today. The Quality Score stands at 57/100 (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: high), always confirm before acting.
Over the trailing twelve months, AOPEN Incorporated generated revenue of 7.5B TWD at a net margin of 4.3%. Revenue grew 1.1% year over year. It earns a return on equity of 21.6%. The balance sheet holds a net cash position of 1.7B TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 60.21 TWD (bear case) to 98.21 TWD (bull case); at 59.10 TWD, the current price sits below 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 8% below its 52-week high and 38% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 36%, 3046 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.
All 26 models by family
Widest divergence: DCF Models (106.30 TWD) versus Asset-Based (14.23 TWD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 67
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
AOPEN Incorporated engages in the research, design, and marketing of computer products, lifestyle appliances, and others in Taiwan, the Americas, Europe, the Asia Pacific, and emerging markets.
Full company description
AOPEN Incorporated engages in the research, design, and marketing of computer products, lifestyle appliances, and others in Taiwan, the Americas, Europe, the Asia Pacific, and emerging markets. The company offers embedded PCs, such as digital signage media players, video wall controllers, industrial box PCs, open pluggable specification PCs, and chrome boxes; touch panel PCs comprising all-in-one panel and fanless panel PCs, as well as panel PC with fan; and ChromeOS all-in-one touch panel PCs. It also provides AOPEN Intelligent Control (AiCU and AiCU Advanced), a network digital signage solution that provides remote device-control on both hard- and software level; and ChromeOS device management solutions. In addition, the company offers digital signage displays, including open frame displays, FHD and 4K digital signage displays, and digital signage displays with interactive whiteboard feature; industrial and medical displays; medical IT accessories; and commercial monitors. Further, it provides gaming, consumer, and portable monitors; mini projectors; gaming gadgets, such as keyboards, mouse, RGB light sticks, and display stands; all-in-one PCs; and home entertainment solutions. Additionally, the company is involved in manufacturing and trading of computer products, software, computer components, peripheral equipment, and apparatus, as well as IT product repair services; manufacturing of touch screens, touch screen controllers, and drivers; consulting services of catering and catering management; and investment and holding activities. It serves retail, enterprises, industrial environments, healthcare, government, hospitality and leisure, QSR, finance and banking, transportation, and education, as well as gaming and entertainment industries. AOPEN Incorporated was incorporated in 1996 and is based in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
AOPEN Incorporated reported revenue of 7.5B TWD in FY2025 versus 2.6B TWD in FY2021, a compound +30.7%/yr. Reported net income was 315M TWD in FY2025, compounding +24.7%/yr from FY2021.
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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.
Valuation Multiples vs Computer Hardware median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 21, 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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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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