Advanced Ceramic X (3152) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Advanced Ceramic X stock TWD 88.98, price TWD 190, that is 53.2% below the price, quality 72 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 168.24 TWD – 756.51 TWD · fair‑value band 66.52 TWD – 112.98 TWD · the 190.00 TWD price screens above the 88.98 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Advanced Ceramic X Corporation designs, manufactures, and sells RF front-end devices and modules for wireless communication applications in Taiwan, China, the United States, and internationally.
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It offers antenna; baluns; couplers; filters; multi-plexers; power dividers; RF front-end modules; and high frequency inductors. Advanced Ceramic X Corporation was incorporated in 1998 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Advanced Ceramic X (3152) currently trades at 190.00 TWD, while our model-based Fair Value estimate is 88.98 TWD, 53% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 197.72 TWD per share, and 3 of the 24 models we run sit above the 190.00 TWD price.
Bear case: the Asset-Based group reads lowest at 31.27 TWD, and 21 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 66.52 TWD (bear) to 112.98 TWD (bull), the price of 190.00 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 72/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Advanced Ceramic X reported revenue of 1.4B TWD in FY2025 versus 2.8B TWD in FY2021, a compound −15.9%/yr. Reported net income was 650M TWD in FY2025, compounding −10.8%/yr from FY2021.
Key figures
Market cap 13.3B TWD (≈ $405M) Small · P/E ratio 26.0 · P/S ratio 11.9 · EPS (TTM) 7.31 TWD · Dividend yield 3.7% · Net margin 45.6% · Return on equity 9.4% · Return on assets (EBIT) 12.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 77 out of 100 (medium confidence).
What moves the price
The share trades about 49% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −53%, 3152 screens richer than that median.
Fair Value models
Bear66.52 TWDFair Value 88.98 TWDBull112.98 TWD
Price 190.00 TWD · Downside -53.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.1706 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−15.6%
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.
−0.9%
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.
−8.2%
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.
−3.9%
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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. Basis: EBIT basis. 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.
≈ −19.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−23.4%
Dividend (yield on the price)3.7%
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.48% → 19%
⚠ Revenue per share shrinking 3.2%/yr over ~6Y (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.
⚠ Rate on operating basis: 2025 sits 131% above its own trend.
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).
+20.6%
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 +18.7% 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.Electronic Components · 653 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−50.7% · Below median
Profitability
Return on equity (12 months)9.4% · Above median
Return on assets14.6% · Top 25%
Net margin (12 months)24.4% · Top 25%
Operating margin (12 months)28.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)14.0% · Above median
Dividend yield (12 months)3.7% · Top 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)26.0× · Cheaper than median
P/B3.13× · Pricier than median
P/S (12 months)8.76× · Priciest 25%
Price / free cash flow (fiscal year)26.6× · Cheaper than median
EV/EBITDA19.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)70· sector 70
PAST (return on equity)37· sector 28
HEALTH (low debt)0· sector 95
DIVIDEND (yield)79· sector 27
VALUE 0: the price sits above our fair-value range.
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). "Advanced Ceramic X Fair Value". https://www.fairvalue-calculator.com/stock/3152
Frequently asked questions
Is Advanced Ceramic X (3152) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 88.98 TWD versus a price of 190.00 TWD, about 53% lower (overvalued).
What is the fair value of 3152?
Our model-based fair value for Advanced Ceramic X is 88.98 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 190.00 TWD.
What is the quality score of 3152?
Advanced Ceramic X has a Quality Score of 72/100. 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 Advanced Ceramic X (3152)?
Our model-based price target is the fair value of 88.98 TWD (as of Nov 6, 2026) from 24 valuation models. Cautious scenario 66.52 TWD, optimistic scenario 112.98 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Advanced Ceramic X stock forecast for 2026?
Our models put fair value at 88.98 TWD, about 53% lower versus a price of 190.00 TWD (overvalued). Cautious scenario 66.52 TWD, optimistic scenario 112.98 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Advanced Ceramic X (3152)?
Advanced Ceramic X reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Nov 6, 2026).
Does Advanced Ceramic X pay a dividend?
Advanced Ceramic X currently shows a dividend yield of 3.74% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Advanced Ceramic X (3152) and when is the ex-dividend date?
Advanced Ceramic X pays a dividend of 7.11 TWD per share a year, a dividend yield of 3.7%. The last ex-dividend date was Aug 6, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 97.3% of earnings. Free cash flow covers the dividend 0.97 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Advanced Ceramic X (3152)?
For today's price to be fair in a discounted-cash-flow model, Advanced Ceramic X would have to grow free cash flow by +20.6 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -8.3 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 3152 use?
Our models discount Advanced Ceramic X at 12.6 %: a base by market capitalisation (small), damped by beta 1.26, 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 Advanced Ceramic X that is +20.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Advanced Ceramic X (3152) delivered so far?
Over the past 5 years revenue at Advanced Ceramic X grew -8.3 % a year. The price currently implies free-cash-flow growth of +20.6 % per 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 Advanced Ceramic X (3152) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Advanced Ceramic X (+20.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Advanced Ceramic X (3152)?
The free-cash-flow yield on the price is 3.61 %: that much free cash flow Advanced Ceramic X produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Advanced Ceramic X (3152)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Advanced Ceramic X it is 88.98 TWD per share (as of Nov 6, 2026), against a price of 190.00 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Advanced Ceramic X stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 3152 trades above its calculated fair value: price 190.00 TWD, fair value 88.98 TWD, a gap of about −53% (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 3152?
No. The price is what the market pays today (190.00 TWD); the fair value is what the company's own numbers justify (88.98 TWD). For Advanced Ceramic X the two are 101.02 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Advanced Ceramic X worth?
The market values Advanced Ceramic X at about 13.3B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 190.00 TWD; our models calculate a fair value of 88.98 TWD per share.
What do the bullish and bearish scenarios say about 3152?
Our models span a range for Advanced Ceramic X: cautious scenario 66.52 TWD, base 88.98 TWD, optimistic 112.98 TWD per share (as of Nov 6, 2026, price 190.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3152?
Advanced Ceramic X trades at a price-to-earnings ratio of 26.0 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 88.98 TWD is built from several models across several years. Other multiples: P/B 3.1, P/S 8.8, EV/EBITDA 19.6.
How solid is the balance sheet of Advanced Ceramic X (3152)?
Balance-sheet figures for Advanced Ceramic X (as of Nov 6, 2026): return on equity 9.4%. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 3152 from its 52-week high?
Advanced Ceramic X trades at 190.00 TWD, about 49% below its 52-week high of 373.55 TWD and 7% above the low of 177.96 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 88.98 TWD is for.
Which stocks are comparable to Advanced Ceramic X?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, 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 Advanced Ceramic X stock attractive at the current price?
The data as of Nov 6, 2026: price 190.00 TWD, calculated fair value 88.98 TWD (−53%), Quality Score 72/100, 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 3152 calculated?
We run Advanced Ceramic X through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 88.98 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Advanced Ceramic X 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 Advanced Ceramic X (3152)?
The closing price on Nov 9, 2026 was 190.00 TWD. Our model-based fair value is 88.98 TWD, about 53% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Advanced Ceramic X right now?
The price sits above even our optimistic bull case (112.98 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (72/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Advanced Ceramic X
How large is the market capitalisation of Advanced Ceramic X (3152)?
The market capitalisation of Advanced Ceramic X is 13.3B TWD (≈ $405M). 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 Advanced Ceramic X (3152)?
The price-to-sales ratio of Advanced Ceramic X is 11.9 (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 Advanced Ceramic X (3152)?
Earnings per share at Advanced Ceramic X are 7.31 TWD (price ÷ EPS = P/E 26.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Advanced Ceramic X (3152)?
The dividend yield of Advanced Ceramic X is 3.7% (payout 97.3%). 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 Advanced Ceramic X (3152)?
The net margin of Advanced Ceramic X is 45.6% (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 Advanced Ceramic X (3152)?
The return on equity (ROE) of Advanced Ceramic X is 9.4% (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 Advanced Ceramic X (3152)?
On an EBIT basis the return on assets of Advanced Ceramic X is 12.2% (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 Advanced Ceramic X (3152)?
The operating margin of Advanced Ceramic X is 28.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Advanced Ceramic X (3152)?
Revenue at Advanced Ceramic X is growing +14.0% versus a year earlier (3y avg −0.9%). 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 Advanced Ceramic X (3152)?
Earnings per share at Advanced Ceramic X are growing −66.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Advanced Ceramic X (3152) hold?
Advanced Ceramic X holds more cash than debt, 445M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 6, 2026