Davicom Semiconductor Inc (3094) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Davicom Semiconductor Inc TWD 12.98, price TWD 54.30, upside -76.1%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value 12.98 TWD · Strongly overvalued (−76%)
✓Quality 66/100
!Weak Growth(revenue 5y −4.3 %/yr)
✓Solidly profitable · 11.7% net margin (TTM)
✓generates free cash flow
·0.46% dividend yield
!Trails peers(2/12)
!Narrow moat36/100
!Evidence only low, so the estimate is less certain
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Davicom Semiconductor, Inc., together with its subsidiaries, engages in the research, development, production, and sale of communication network integrated circuits in Taiwan and internationally.
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Davicom Semiconductor, Inc., together with its subsidiaries, engages in the research, development, production, and sale of communication network integrated circuits in Taiwan and internationally. The company offers ethernet, ethernet controllers, ethernet switches, and ethernet PHY; AIoT products, including EDGE AI SOC, and MCU; EPD drives and SOC; video decoders; FAX/Modem products, including chipsets and modules; and medical and apps, comprising smart hearing and the gateway. In addition, it provides wireless communication machinery and equipment manufacturing industry; and engages in investment and reinvestment activities. Davicom Semiconductor, Inc. was incorporated in 1996 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Davicom Semiconductor Inc (3094) currently trades at 54.30 TWD, while our model-based Fair Value estimate is 12.98 TWD, implying the stock looks roughly 318.2% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 10.57 TWD per share, and 0 of the 22 models we run sit above the 54.30 TWD price.
Bear case: the Earnings-Based group reads lowest at 2.04 TWD, and 22 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 12.51 TWD (bear) to 13.01 TWD (bull), the price of 54.30 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 66/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Davicom Semiconductor Inc reported revenue of 188M TWD in FY2025 versus 283M TWD in FY2021, a compound −9.8%/yr. Reported net income was 20.4M TWD in FY2025, compounding −26.5%/yr from FY2021.
Key figures
Market cap 4.5B TWD (≈ $142M) · P/E ratio 226.2 · P/S ratio 24.5 · EPS (TTM) 0.2400 TWD · Dividend yield 0.5% · Net margin 10.8% · Return on equity 2.1% · Return on assets (EBIT) 3.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 145% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at −76%, 3094 screens richer than that median.
Fair Value models
Bear 12.51 TWDFair Value 12.98 TWDBull 13.01 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 growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+13.2%
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.
−15.1%
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.
−4.3%
Start year 2020 (pandemic). Over 10 years: −5.5% a year
Revenue growth 22 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.
−1.1%
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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.
−12.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.1%
Dividend (yield on the price)0.5%
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.−13% vs −13%, steady
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.17% → 0%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 5.4%/yr over ~10Y (margins eroding too) ⓘ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).
+56.5%
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 +54.1% a year for the price.
Compare Davicom Semiconductor Inc with another stock
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.Semiconductors · 339 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score66 · Above median
Fair Value upside−76% · Bottom 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets0% · Below median
Net margin (TTM)12% · Above median
Operating margin (TTM)5% · Below median
Growth and dividend
Revenue growth−9% · Bottom 25%
Dividend yield (TTM)0.5% · Below median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (TTM)226.2× · Priciest 25%
P/B4.41× · Pricier than median
P/S (TTM)24.64× · Priciest 25%
P/FCF5.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 64
PAST (return on equity)8· sector 22
HEALTH (low debt)0· sector 95
DIVIDEND (yield)9· sector 20
VALUE 0: the price sits above our fair-value range.
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Is Davicom Semiconductor Inc (3094) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 12.98 TWD versus a price of 54.30 TWD, about −76% upside (overvalued).
What is the fair value of 3094?
Our model-based fair value for Davicom Semiconductor Inc is 12.98 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 54.30 TWD.
What is the quality score of 3094?
Davicom Semiconductor Inc has a Quality Score of 66/100. 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 Davicom Semiconductor Inc (3094)?
Our model-based price target is the fair value of 12.98 TWD (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 12.51 TWD, optimistic scenario 13.01 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Davicom Semiconductor Inc stock forecast for 2026?
Our models put fair value at 12.98 TWD, about −76% upside versus a price of 54.30 TWD (overvalued). Cautious scenario 12.51 TWD, optimistic scenario 13.01 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Davicom Semiconductor Inc (3094)?
Davicom Semiconductor Inc reported trailing-twelve-month revenue of about 183M TWD (latest available figure, as of Sep 24, 2026).
Does Davicom Semiconductor Inc pay a dividend?
Davicom Semiconductor Inc currently shows a dividend yield of about 0.46% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Davicom Semiconductor Inc (3094)?
For today's price to be fair in a discounted-cash-flow model, Davicom Semiconductor Inc would have to grow free cash flow by +56.5 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3094 use?
Our models discount Davicom Semiconductor Inc at 12.1 %: a base by market capitalisation (micro), damped by beta 0.66, 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 Davicom Semiconductor Inc that is +56.5 % per year a year over ten years, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has Davicom Semiconductor Inc (3094) delivered so far?
Over the past 5 years revenue at Davicom Semiconductor Inc grew -4.3 % a year. The price currently implies +56.5 % 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 Davicom Semiconductor Inc (3094) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Davicom Semiconductor Inc (+56.5 % 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 Davicom Semiconductor Inc (3094)?
The free-cash-flow yield on the price is 0.60 %: that much free cash flow Davicom Semiconductor Inc produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Davicom Semiconductor Inc (3094)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Davicom Semiconductor Inc it is 12.98 TWD per share (as of Sep 24, 2026), against a price of 54.30 TWD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Davicom Semiconductor Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3094 trades above its calculated fair value: price 54.30 TWD, fair value 12.98 TWD, a gap of about −76% (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 3094?
No. The price is what the market pays today (54.30 TWD); the fair value is what the company's own numbers justify (12.98 TWD). For Davicom Semiconductor Inc the two are 41.32 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Davicom Semiconductor Inc worth?
The market values Davicom Semiconductor Inc at about 4.5B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 54.30 TWD; our models calculate a fair value of 12.98 TWD per share.
What do the bullish and bearish scenarios say about 3094?
Our models span a range for Davicom Semiconductor Inc: cautious scenario 12.51 TWD, base 12.98 TWD, optimistic 13.01 TWD per share (as of Sep 24, 2026, price 54.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3094?
Davicom Semiconductor Inc trades at a price-to-earnings ratio of 226.2 (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 12.98 TWD is built from several models across several years. Other multiples: P/B 4.4, P/S 24.6.
How solid is the balance sheet of Davicom Semiconductor Inc (3094)?
Balance-sheet figures for Davicom Semiconductor Inc (as of Sep 24, 2026): return on equity 2.1%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 3094 from its 52-week high?
Davicom Semiconductor Inc trades at 54.30 TWD, about 4% below its 52-week high of 56.80 TWD and 145% above the low of 22.20 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 12.98 TWD is for.
Which stocks are comparable to Davicom Semiconductor Inc?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix 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 Davicom Semiconductor Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 54.30 TWD, calculated fair value 12.98 TWD (−76%), Quality Score 66/100, 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 3094 calculated?
We run Davicom Semiconductor Inc 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 12.98 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 13.0 % above its aggregate fair value. Davicom Semiconductor Inc 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 Davicom Semiconductor Inc (3094)?
The closing price on Sep 24, 2026 was 54.30 TWD. Our model-based fair value is 12.98 TWD, about −76% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Davicom Semiconductor Inc right now?
The price sits above even our optimistic bull case (13.01 TWD). The favourable scenario is already priced in. 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 but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (12.51 TWD to 13.01 TWD), unusually little disagreement for a valuation.
Where does the earnings growth of Davicom Semiconductor Inc (3094) come from?
Earnings per share at Davicom Semiconductor Inc grew −8.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share −4.2 %, EBIT margin −16.9 %, tax rate +0.2 %, residual (interest, one-offs) +14.9 %. 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 Davicom Semiconductor Inc
How large is the market capitalisation of Davicom Semiconductor Inc (3094)?
The market capitalisation of Davicom Semiconductor Inc is 4.5B TWD (≈ $142M). 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 Davicom Semiconductor Inc (3094)?
The price-to-sales ratio of Davicom Semiconductor Inc is 24.5 (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 Davicom Semiconductor Inc (3094)?
Earnings per share at Davicom Semiconductor Inc are 0.2400 TWD (price ÷ EPS = P/E 226.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Davicom Semiconductor Inc (3094)?
The dividend yield of Davicom Semiconductor Inc is 0.5% (payout 104%). 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 Davicom Semiconductor Inc (3094)?
The net margin of Davicom Semiconductor Inc is 10.8% (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 Davicom Semiconductor Inc (3094)?
The return on equity (ROE) of Davicom Semiconductor Inc is 2.1% (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 Davicom Semiconductor Inc (3094)?
On an EBIT basis the return on assets of Davicom Semiconductor Inc is 3.1% (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 Davicom Semiconductor Inc (3094)?
The operating margin of Davicom Semiconductor Inc is 5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Davicom Semiconductor Inc (3094)?
Revenue at Davicom Semiconductor Inc is growing −8.5% versus a year earlier (3y avg −15.1%). 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 Davicom Semiconductor Inc (3094)?
Earnings per share at Davicom Semiconductor Inc are growing +24.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Davicom Semiconductor Inc (3094) hold?
Davicom Semiconductor Inc holds more cash than debt, 612M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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