Altek Corp (3059) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Altek Corp TWD 22.96, price TWD 37.85, upside -39.3%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Altek Corporation, together with its subsidiaries, engages in the development, manufacture, and sale of automobile cameras, and medical and digital image technology application products.
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Altek Corporation, together with its subsidiaries, engages in the development, manufacture, and sale of automobile cameras, and medical and digital image technology application products. The company manufactures, produces, and sells digital still cameras and related accessories, digital camera parts, electronic product components, photo electron devices, and optical instruments; buys and sells electronic components; collects American digital imaging technology information; and provides design, business management, housing and non-residential real estate leasing, and property management services. It also provides research, development, and sale of medical electronic equipment; research design and sale of ASIC, imaging technologies, and electronic software and hardware products; research and development, manufacture, and sale of medical electronic equipment; wholesale, import, and export of related electronic products and accessories; and investment activities. The company is also involved in the export and import trade of its products. It operates in Asia, Europe, the United States, Oceania, and Taiwan. The company was formerly known as Asia Imagination Corporation and changed its name to Altek Corporation in February 1997. Altek Corporation was incorporated in 1996 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Altek Corp (3059) currently trades at 37.85 TWD, while our model-based Fair Value estimate is 22.96 TWD, implying the stock looks roughly 64.9% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 36.85 TWD per share, and 5 of the 24 models we run sit above the 37.85 TWD price.
Bear case: the Dividend Discount group reads lowest at 8.32 TWD, and 19 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 18.64 TWD (bear) to 28.70 TWD (bull), the price of 37.85 TWD sits above 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 50/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Altek Corp reported revenue of 8.7B TWD in FY2025 versus 9.1B TWD in FY2021, a compound −1.1%/yr. Reported net income was 378M TWD in FY2025, compounding +13.9%/yr from FY2021.
Key figures
Market cap 16.9B TWD (≈ $531M) · P/E ratio 30.8 · P/S ratio 1.34 · EPS (TTM) 1.23 TWD · Dividend yield 2.6% · Net margin 4.4% · Return on equity 5.4% · Return on assets (EBIT) 2.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −35% fair-value upside, at −39%, 3059 screens richer than that median.
Fair Value models
Bear 18.64 TWDFair Value 22.96 TWDBull 28.70 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1689 TWD per share) are deliberately not added.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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
+6.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.7%
Dividend (yield on the price)2.6%
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.4% vs 1%, picking up
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.4% → 6%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 5.7%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+11.4%
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 +9.7% a year for the price.
Price, fair value, quality and upside side by side.
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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.Scientific & Technical Instruments · 160 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Altek Corp Fair Value". https://www.fairvalue-calculator.com/stock/3059
Frequently asked questions
Is Altek Corp (3059) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 22.96 TWD versus a price of 37.85 TWD, about −39% upside (overvalued).
What is the fair value of 3059?
Our model-based fair value for Altek Corp is 22.96 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 37.85 TWD.
What is the quality score of 3059?
Altek Corp has a Quality Score of 50/100. 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 Altek Corp (3059)?
Our model-based price target is the fair value of 22.96 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 18.64 TWD, optimistic scenario 28.70 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Altek Corp stock forecast for 2026?
Our models put fair value at 22.96 TWD, about −39% upside versus a price of 37.85 TWD (overvalued). Cautious scenario 18.64 TWD, optimistic scenario 28.70 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Altek Corp (3059)?
Altek Corp reported trailing-twelve-month revenue of about 8.8B TWD (latest available figure, as of Sep 24, 2026).
Does Altek Corp pay a dividend?
Altek Corp currently shows a dividend yield of about 2.64% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Altek Corp (3059)?
For today's price to be fair in a discounted-cash-flow model, Altek Corp would have to grow free cash flow by +11.4 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3059 use?
Our models discount Altek Corp at 10.5 %: a base by market capitalisation (small), damped by beta 0.57, 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 Altek Corp that is +11.4 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Altek Corp (3059) delivered so far?
Over the past 5 years revenue at Altek Corp grew +7.3 % a year. The price currently implies +11.4 % 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 Altek Corp (3059) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Altek Corp (+11.4 % 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 Altek Corp (3059)?
The free-cash-flow yield on the price is 3.76 %: that much free cash flow Altek Corp produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Altek Corp (3059)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Altek Corp it is 22.96 TWD per share (as of Sep 24, 2026), against a price of 37.85 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Altek Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3059 trades above its calculated fair value: price 37.85 TWD, fair value 22.96 TWD, a gap of about −39% (overvalued). 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 3059?
No. The price is what the market pays today (37.85 TWD); the fair value is what the company's own numbers justify (22.96 TWD). For Altek Corp the two are 14.89 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Altek Corp worth?
The market values Altek Corp at about 16.9B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 37.85 TWD; our models calculate a fair value of 22.96 TWD per share.
What do the bullish and bearish scenarios say about 3059?
Our models span a range for Altek Corp: cautious scenario 18.64 TWD, base 22.96 TWD, optimistic 28.70 TWD per share (as of Sep 24, 2026, price 37.85 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3059?
Altek Corp trades at a price-to-earnings ratio of 30.8 (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 22.96 TWD is built from several models across several years. Other multiples: PEG 1.2, P/B 1.7, P/S 1.9, EV/EBITDA 17.5.
What is the PEG ratio of 3059?
The PEG ratio of Altek Corp is 1.20 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Altek Corp (3059)?
Balance-sheet figures for Altek Corp (as of Sep 24, 2026): return on equity 5.4%, debt of 0.02 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 3059 from its 52-week high?
Altek Corp trades at 37.85 TWD, about 28% below its 52-week high of 52.80 TWD and 8% above the low of 35.10 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 22.96 TWD is for.
Which stocks are comparable to Altek Corp?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Teledyne Technologies Incorporated, Chroma ATE Inc, 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 Altek Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 37.85 TWD, calculated fair value 22.96 TWD (−39%), Quality Score 50/100, from 24 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 3059 calculated?
We run Altek Corp through 24 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 22.96 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 13.2 % above its aggregate fair value. Altek Corp itself currently trades above fair value. 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 Altek Corp (3059)?
The closing price on Sep 24, 2026 was 37.85 TWD. Our model-based fair value is 22.96 TWD, about −39% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Altek Corp right now?
The price sits above even our optimistic bull case (28.70 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Altek Corp (3059) come from?
Earnings per share at Altek Corp grew +4.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share −6.3 %, EBIT margin +13.8 %, tax rate −2.9 %, residual (interest, one-offs) +1.3 %. 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 Altek Corp
How large is the market capitalisation of Altek Corp (3059)?
The market capitalisation of Altek Corp is 16.9B TWD (≈ $531M). 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 Altek Corp (3059)?
The price-to-sales ratio of Altek Corp is 1.34 (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 Altek Corp (3059)?
Earnings per share at Altek Corp are 1.23 TWD (price ÷ EPS = P/E 30.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Altek Corp (3059)?
The dividend yield of Altek Corp is 2.6% (payout 81.3%). 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 Altek Corp (3059)?
The net margin of Altek Corp is 4.4% (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 Altek Corp (3059)?
The return on equity (ROE) of Altek Corp is 5.4% (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 Altek Corp (3059)?
On an EBIT basis the return on assets of Altek Corp is 2.8% (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 Altek Corp (3059)?
The operating margin of Altek Corp is 5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Altek Corp (3059)?
Revenue at Altek Corp is growing +9.0% versus a year earlier (3y avg −14.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Altek Corp (3059) hold?
Altek Corp holds more cash than debt, 2.2B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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