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Megawin Technology Co Ltd (3122) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Megawin Technology Co Ltd TWD 3.97, price TWD 24.00, upside -83.5%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · TW · ISIN TW0003122008

MT Thin data Sep 24, 2026

Megawin Technology Co Ltd

3122 · TWO

Weakest SetupStrongly overvalued and low quality.

!Fair value 3.97 TWD · Strongly overvalued (−83%)
!Quality 43/100
!Weak Growth (revenue 5y −8.1 %/yr)
!Loss-making · -18.3% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (3/10)
!Narrow moat 16/100
!Evidence only low, so the estimate is less certain
!Weak on future: 2 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

64.06 TWD 19.40 TWD Fair Value 3.97 TWD May 2021 Sep 2026

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 19.40 TWD – 64.06 TWD · fair‑value band 2.62 TWD – 4.96 TWD · the 24.00 TWD price screens above the 3.97 TWD fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Megawin Technology Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of electronic instruments and their components in Asia, Europe, and internationally. The company offers ARM Cortex-M0+; ARM Cortex-M0; 8051MCU; USB product; BLDC products; PMIC; automotive and peripheral ICs; and photocoupler.

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Megawin Technology Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of electronic instruments and their components in Asia, Europe, and internationally. The company offers ARM Cortex-M0+; ARM Cortex-M0; 8051MCU; USB product; BLDC products; PMIC; automotive and peripheral ICs; and photocoupler. Its products are used in industrial automation, smart home, motor control, new energy, and arduino applications. The company was incorporated in 1988 and is headquartered in Jhubei City, Taiwan.

Stock analysis

Megawin Technology Co Ltd (3122) currently trades at 24.00 TWD, while our model-based Fair Value estimate is 3.97 TWD, implying the stock looks roughly 504.6% overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: 2.62 TWD (bear) to 4.96 TWD (bull), the price of 24.00 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 43/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Megawin Technology Co Ltd reported revenue of 324M TWD in FY2025 versus 786M TWD in FY2021, a compound −19.9%/yr. Reported net income was −71.5M TWD in FY2025.

Key figures

Market cap 978M TWD (≈ $30.7M) · P/S ratio 3.29 · EPS (TTM) −1.43 TWD · Net margin −22.1% · Return on equity −16.4% · Return on assets (EBIT) −1.2% · Operating margin −22.6% · Revenue (TTM) 320M TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).

What moves the price

The share trades about 40% 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 −17% fair-value upside, at −83%, 3122 screens richer than that median.

Fair Value models

Bear 2.62 TWD Fair Value 3.97 TWD Bull 4.96 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.
Highest evidence
NCAV (Graham) 4.45 TWD 5.96 TWD 8.89 TWD 54
All 1 models by family
Asset-Based
NCAV (Graham) 4.45 TWD 5.96 TWD 8.89 TWD 54

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Quality Score breakdown

Overall quality 43/100

Of which business quality 42 · Market factors (momentum, volatility) 28

Profitability 13
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 72
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−11.1%
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.
−14.1%
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.
−8.1%
Start year 2020 (pandemic)
Revenue growth 8 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.
−3.7%
Profit margin (trend) ⓘ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.
−2.7% (2020) → −18.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

3122 screens 505% overvalued. Compare with NVIDIA Corporation →

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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 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 42 · Bottom 25%
Fair Value upside −84% · Bottom 25%
Profitability
Return on assets −6% · Bottom 25%
Net margin (TTM) −18% · Bottom 25%
Operating margin (TTM) −23% · Bottom 25%
Growth and dividend
Revenue growth 0% · Below median

Valuation Multiplesvs Semiconductors median · lower = cheaper

P/B 0.09× · Cheapest 25%
P/S (TTM) 0.10× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)2 · sector 64
PAST (return on equity)0 · sector 22
HEALTH (low debt)100 · sector 95
DIVIDEND (yield)0 · sector 20

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $228.87 $197.96 −14%
Taiwan Semiconductor Manufacturing Company TSM $452.00 $497.20 +10%
Broadcom Inc AVGO $364.54 $303.52 −17%
SK hynix Inc 000660 1,862,000 KRW 2,048,200 KRW +10%
Micron Technology, Inc MU $1,096 $151.51 −86%
Advanced Micro Devices, Inc AMD $623.77 $122.74 −80%
Intel Corporation INTC $123.86 $35.41 −71%
Texas Instruments Incorporated TXN $271.41 $82.09 −70%
Arm Holdings ARM $333.20 $44.44 −87%
QUALCOMM Incorporated QCOM $198.27 $218.10 +10%

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Cite: Fair Value Calculator (2026). "Megawin Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3122

Frequently asked questions

Is Megawin Technology Co Ltd (3122) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3.97 TWD versus a price of 24.00 TWD, about −83% upside (overvalued).
What is the fair value of 3122?
Our model-based fair value for Megawin Technology Co Ltd is 3.97 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 24.00 TWD.
What is the quality score of 3122?
Megawin Technology Co Ltd has a Quality Score of 43/100. 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 Megawin Technology Co Ltd (3122)?
Our model-based price target is the fair value of 3.97 TWD (as of Sep 24, 2026) from 1 valuation models. Cautious scenario 2.62 TWD, optimistic scenario 4.96 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Megawin Technology Co Ltd stock forecast for 2026?
Our models put fair value at 3.97 TWD, about −83% upside versus a price of 24.00 TWD (overvalued). Cautious scenario 2.62 TWD, optimistic scenario 4.96 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Megawin Technology Co Ltd (3122)?
Megawin Technology Co Ltd reported trailing-twelve-month revenue of about 320M TWD (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Megawin Technology Co Ltd (3122)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Megawin Technology Co Ltd it is 3.97 TWD per share (as of Sep 24, 2026), against a price of 24.00 TWD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Megawin Technology Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3122 trades above its calculated fair value: price 24.00 TWD, fair value 3.97 TWD, a gap of about −83% (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 3122?
No. The price is what the market pays today (24.00 TWD); the fair value is what the company's own numbers justify (3.97 TWD). For Megawin Technology Co Ltd the two are 20.03 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Megawin Technology Co Ltd worth?
The market values Megawin Technology Co Ltd at about 978M TWD (market capitalisation, as of Sep 24, 2026). Per share that is 24.00 TWD; our models calculate a fair value of 3.97 TWD per share.
What do the bullish and bearish scenarios say about 3122?
Our models span a range for Megawin Technology Co Ltd: cautious scenario 2.62 TWD, base 3.97 TWD, optimistic 4.96 TWD per share (as of Sep 24, 2026, price 24.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Megawin Technology Co Ltd (3122)?
Balance-sheet figures for Megawin Technology Co Ltd (as of Sep 24, 2026): return on equity −16.4%. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 3122 from its 52-week high?
Megawin Technology Co Ltd trades at 24.00 TWD, about 40% below its 52-week high of 40.20 TWD and 16% above the low of 20.65 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 3.97 TWD is for.
Which stocks are comparable to Megawin Technology Co Ltd?
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 Megawin Technology Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 24.00 TWD, calculated fair value 3.97 TWD (−83%), Quality Score 43/100, from 1 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 3122 calculated?
We run Megawin Technology Co Ltd through 1 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 3.97 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. Megawin Technology Co Ltd 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 Megawin Technology Co Ltd (3122)?
The closing price on Sep 24, 2026 was 24.00 TWD. Our model-based fair value is 3.97 TWD, about −83% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Megawin Technology Co Ltd right now?
The price sits above even our optimistic bull case (4.96 TWD). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (2.62 TWD to 4.96 TWD) leaves room in how you read the outcome.

Key figures of Megawin Technology Co Ltd

How large is the market capitalisation of Megawin Technology Co Ltd (3122)?
The market capitalisation of Megawin Technology Co Ltd is 978M TWD (≈ $30.7M). 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 Megawin Technology Co Ltd (3122)?
The price-to-sales ratio of Megawin Technology Co Ltd is 3.29 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Megawin Technology Co Ltd (3122)?
Earnings per share at Megawin Technology Co Ltd are −1.43 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Megawin Technology Co Ltd (3122)?
The net margin of Megawin Technology Co Ltd is −22.1% (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 Megawin Technology Co Ltd (3122)?
The return on equity (ROE) of Megawin Technology Co Ltd is −16.4% (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 Megawin Technology Co Ltd (3122)?
On an EBIT basis the return on assets of Megawin Technology Co Ltd is −1.2% (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 Megawin Technology Co Ltd (3122)?
The operating margin of Megawin Technology Co Ltd is −22.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Megawin Technology Co Ltd (3122)?
Revenue at Megawin Technology Co Ltd is growing +0.3% versus a year earlier (3y avg −14.1%). 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 Megawin Technology Co Ltd (3122)?
Earnings per share at Megawin Technology Co Ltd are growing −74.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Megawin Technology Co Ltd (3122) generate?
The free cash flow of Megawin Technology Co Ltd is −42.4M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Megawin Technology Co Ltd (3122) carry?
The net debt of Megawin Technology Co Ltd is 134M TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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