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Megawin Technology Co (3122) Fair Value & Analysis

Technology · TW · Market cap 1.1B TWD

MT Megawin Technology Co 3122 · TWO
Price25.30 TWD
Fair Value3.97 TWD
Upside-84.3%
Quality43/100
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Weak Growth
Loss-making · -19.4% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 16/100
Evidence: Low Range 2.62 TWD – 4.96 TWD Share as image

Fair value as of: Jul 23, 2026

From 1 valuation models · updated 18 days ago

Share price −16.1% over the past month.

Below-average quality, and screening another 84% overvalued on our models.

What matters 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.
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Price vs Fair Value (5 years)

64.06 TWD 19.40 TWD Fair Value 3.97 TWD Mar 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 19.40 TWD – 64.06 TWD · fair‑value band 2.62 TWD – 4.96 TWD · the 25.30 TWD price screens above the 3.97 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Megawin Technology Co (3122) currently trades at 25.30 TWD, while our model-based Fair Value estimate is 3.97 TWD, implying the stock looks roughly 84.3% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Megawin Technology Co generated revenue of 320M TWD at a net margin of -19.4%. Revenue declined 5.4% year over year. It earns a return on equity of -16.2%. Net debt stands at 134M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 2.62 TWD (bear case) to 4.96 TWD (bull case); at 25.30 TWD, the current price sits above 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 40% below its 52-week high and 34% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -84%, 3122 screens richer 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
NCAV (Graham) 4.45 TWD 5.96 TWD 8.89 TWD 50
All 1 models by family
Asset-Based
NCAV (Graham) 4.45 TWD 5.96 TWD 8.89 TWD 50

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Key figures & financial health

Revenue (TTM) 320M TWD
Revenue growth (YoY) -5.4%
Net margin -19.4%
Return on equity -16.2%
Free cash flow −42.4M TWD FY2025
Operating margin -13.1%
More key figures
EPS (TTM) -1.75 TWD
EPS growth (YoY) -74.7%
Net debt 134M TWD FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 42 · Market factors (momentum, volatility) 36

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 50
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 72
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Megawin Technology Co 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.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
324M TWD
Latest YoY
−11.1%
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.
−14.1%
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.
−8.1%
Avg. growth/yr (8Y) 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.
−3.7%
Revenue −19.9%/yr
FY21 786M TWD
FY22 511M TWD
FY23 371M TWD
FY24 365M TWD
FY25 324M TWD
Net income
FY21 129M TWD
FY22 17.4M TWD
FY23 −41.3M TWD
FY24 −58.0M TWD
FY25 −71.5M TWD

3122 screens 84% overvalued. Compare with NVIDIA Corporation →

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

Peer Group

Semiconductors · 318 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 42 · Bottom 25%
Fair Value upside −84% · Bottom 25%
Return on assets -5% · Bottom 25%
Net margin (TTM) -19% · Bottom 25%
Operating margin (TTM) -13% · Bottom 25%
Revenue growth -5% · Bottom 25%

Valuation Multiples vs Semiconductors median · lower = cheaper

P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.10× · Cheaper than 75% of peers

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 0 · sector 0
FUTURE 0 · sector 60
PAST 0 · sector 25
HEALTH 100 · sector 97
DIVIDEND 0 · sector 22

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

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 Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Megawin Technology Co (3122) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 3.97 TWD versus a price of 25.30 TWD, about −84% (overvalued).
What is the fair value of 3122?
Our model-based fair value for Megawin Technology Co is 3.97 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 25.30 TWD.
What is the quality score of 3122?
Megawin Technology Co 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 revenue of Megawin Technology Co (3122)?
Megawin Technology Co reported trailing-twelve-month revenue of about 320M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3122?
The net profit margin of Megawin Technology Co is about -19.4%, 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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