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Goldkey Technology Corporation (3135) Fair Value & Analysis

Technology · TW · Market cap 13.5B TWD

GT Goldkey Technology Corporation 3135 · TW
Price168.00 TWD
Fair Value80.21 TWD
Upside-52.3%
Quality40/100
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Expensive Growth
Solidly profitable · 12.4% net margin
Moderate debt · negative free cash flow
2.68% dividend yield
Ranks above peers (9/13)
Wide moat 72/100
Evidence: High Range 30.80 TWD – 134.66 TWD Share as image

Fair value as of: Jul 23, 2026

From 17 valuation models · updated 18 days ago

Share price −2.0% over the past month.

Below-average quality, and screening another 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (134.66 TWD). The favourable scenario is already priced in.
  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (30.80 TWD to 134.66 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

260.50 TWD 19.87 TWD Fair Value 80.21 TWD Nov 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

56‑month range 19.87 TWD – 260.50 TWD · fair‑value band 30.80 TWD – 134.66 TWD · the 168.00 TWD price screens above the 80.21 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Goldkey Technology Corporation (3135) currently trades at 168.00 TWD, while our model-based Fair Value estimate is 80.21 TWD, implying the stock looks roughly 52.3% overvalued today. The Quality Score stands at 40/100 (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: high).

Over the trailing twelve months, Goldkey Technology Corporation generated revenue of 7.7B TWD at a net margin of 5.8%. Revenue grew 51.5% year over year. It earns a return on equity of 26.9%. Net debt stands at 2.6B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 30.80 TWD (bear case) to 134.66 TWD (bull case); at 168.00 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 37% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -52%, 3135 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income 33.38 TWD 45.31 TWD 222.95 TWD 76
ROIC Compounder 49.27 TWD 75.57 TWD 97.39 TWD 72
Gordon GGM 10.44 TWD 21.71 TWD 34.44 TWD 70
All 17 models by family
DCF Models
Owner Earnings 60.47 TWD 155.80 TWD 355.93 TWD 31
Earnings-Based
Graham-Dodd 33.80 TWD 235.68 TWD 330.75 TWD 54
Lynch FV 95.98 TWD 137.12 TWD 178.25 TWD 50
PEG = 1.0 95.98 TWD 137.12 TWD 178.25 TWD 46
EPV 36.24 TWD 44.66 TWD 52.02 TWD 59
Dividend Discount
Gordon GGM 10.44 TWD 21.71 TWD 34.44 TWD 70
DDM Multi-Stage 10.44 TWD 18.31 TWD 22.79 TWD 61
Multiples
P/E Multiple 82.00 TWD 109.34 TWD 136.67 TWD 63
P/S Multiple 63.37 TWD 84.49 TWD 105.61 TWD 58
P/B Multiple 63.37 TWD 84.49 TWD 105.61 TWD 55
EV/EBIT 71.32 TWD 99.85 TWD 128.37 TWD 53
EV/EBITDA 57.37 TWD 81.25 TWD 105.13 TWD 54
EV/Revenue 46.82 TWD 73.00 TWD 99.17 TWD 43
Asset-Based
NCAV (Graham) 11.83 TWD 15.86 TWD 23.67 TWD 50
Economic Profit
Residual Income 33.38 TWD 45.31 TWD 222.95 TWD 76
ROIC Compounder 49.27 TWD 75.57 TWD 97.39 TWD 72
Growth Earnings
Growth-Adj P/E 122.37 TWD 174.82 TWD 227.27 TWD 68

Widest divergence: Growth Earnings (174.82 TWD) versus Asset-Based (15.86 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 7.7B TWD
Revenue growth (YoY) +51.5%
Net margin 5.8%
Return on equity 26.9%
Free cash flow −1.8B TWD FY2025
P/E ratio 31.5
More key figures
Operating margin 16.6%
EPS (TTM) 6.12 TWD
Dividend yield 2.1%
EPS growth (YoY) +734%
Net debt 2.6B TWD FY2025

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

Quality Score breakdown

Overall quality 40/100

Of which business quality 38 · Market factors (momentum, volatility) 69

Profitability 58
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 75
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 0
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

Goldkey Technology Corporation develops, manufactures, and sells memory module and storage equipment in Taiwan, the United States, China, and internationally. The company offers flash memory, dram module, and flash SSD flash storage devices. Goldkey Technology Corporation was founded in 1987 and is based in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Goldkey Technology Corporation reported revenue of 7.7B TWD in FY2025 versus 4.4B TWD in FY2021, a compound +15.2%/yr. Reported net income was 446M TWD in FY2025, compounding +20.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
7.7B TWD
Latest YoY
+39.9%
Avg. growth/yr (3Y)
+29.1%
Revenue +15.2%/yr
FY21 4.4B TWD
FY22 3.6B TWD
FY23 4.2B TWD
FY24 5.5B TWD
FY25 7.7B TWD
Net income +20.4%/yr
FY21 212M TWD
FY22 18.3M TWD
FY23 78.1M TWD
FY24 142M TWD
FY25 446M TWD

3135 screens 52% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Goldkey Technology Corporation Fair Value". https://www.fairvalue-calculator.com/stock/3135

Peer Group

Semiconductors · 319 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 40 · Bottom 25%
Fair Value upside −52% · Below median
Return on equity (TTM) 55% · Top 25%
Return on assets 18% · Top 25%
Net margin (TTM) 12% · Above median
Operating margin (TTM) 27% · Top 25%
Revenue growth 178% · Top 25%
Dividend yield (TTM) 2.7% · Top 25%
Debt / equity 0.63× · Higher than 75% of peers

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 24.5× · Cheaper than 75% of peers
P/B 6.34× · Pricier than 75% of peers
P/S (TTM) 1.32× · Cheaper than median
EV/EBITDA 8.9× · 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 100 · sector 60
PAST 100 · sector 24
HEALTH 68 · sector 97
DIVIDEND 54 · 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 Goldkey Technology Corporation (3135) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 80.21 TWD versus a price of 168.00 TWD, about −52% (overvalued).
What is the fair value of 3135?
Our model-based fair value for Goldkey Technology Corporation is 80.21 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 168.00 TWD.
What is the quality score of 3135?
Goldkey Technology Corporation has a Quality Score of 40/100. 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 Goldkey Technology Corporation (3135)?
Goldkey Technology Corporation reported trailing-twelve-month revenue of about 7.7B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3135?
The net profit margin of Goldkey Technology Corporation is about 5.8%, meaning it keeps roughly 5.8% of revenue as net income. Based on the latest reported figures.
Does Goldkey Technology Corporation pay a dividend?
Goldkey Technology Corporation currently shows a dividend yield of about 2.12% relative to its recent price (as of Jul 23, 2026).

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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