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Advanced Ceramic X Corporation (3152) Fair Value & Analysis

Technology · TW · Market cap 9.1B TWD

AC Advanced Ceramic X Corporation 3152 · TWO
Price220.00 TWD
Fair Value157.22 TWD
Upside-28.5%
Quality75/100
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Weak Growth
Highly profitable · 46.4% net margin
generates free cash flow
2.99% dividend yield
Ranks above peers (11/13)
Wide moat 74/100
Evidence: High Range 119.96 TWD – 256.85 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 157.41 TWD to 157.22 TWD (−0.1%) since Jul 9, 2026. Share price −20.0% over the past month.

A strong business, but screening 29% overvalued on our models.

What matters now

  • A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • A fairly wide model range (119.96 TWD to 256.85 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

878.16 TWD 0.2337 TWD Fair Value 157.22 TWD Feb 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 0.2337 TWD – 878.16 TWD · fair‑value band 119.96 TWD – 256.85 TWD · the 220.00 TWD price screens above the 157.22 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Advanced Ceramic X Corporation (3152) currently trades at 220.00 TWD, while our model-based Fair Value estimate is 157.22 TWD, implying the stock looks roughly 28.5% overvalued today. The Quality Score stands at 75/100 (high 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, Advanced Ceramic X Corporation generated revenue of 1.4B TWD at a net margin of 46.4%. Revenue declined 8.8% year over year. It earns a return on equity of 16.2%. The balance sheet holds a net cash position of 445M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 119.96 TWD (bear case) to 256.85 TWD (bull case); at 220.00 TWD, the current price sits within 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 near its 52-week high and 111% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -29%, 3152 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 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
Residual Income 105.89 TWD 133.01 TWD 289.99 TWD 76
Growth DCF 124.25 TWD 163.89 TWD 229.55 TWD 72
Gordon GGM 86.84 TWD 94.64 TWD 106.44 TWD 70
All 24 models by family
DCF Models
FCF DCF 119.49 TWD 160.64 TWD 234.48 TWD 38
Owner Earnings 224.09 TWD 303.51 TWD 446.01 TWD 31
5Y Revenue Exit 87.16 TWD 115.99 TWD 157.74 TWD 39
5Y EBITDA Exit 127.65 TWD 186.08 TWD 263.48 TWD 41
5Y P/E Exit 180.50 TWD 277.54 TWD 393.22 TWD 38
10Y Revenue Exit 97.86 TWD 120.15 TWD 143.29 TWD 36
10Y EBITDA Exit 123.50 TWD 162.51 TWD 203.95 TWD 37
10Y P/E Exit 154.86 TWD 217.79 TWD 278.38 TWD 35
Earnings-Based
Graham-Dodd 113.34 TWD 138.52 TWD 155.84 TWD 54
EPV 53.92 TWD 61.32 TWD 67.71 TWD 59
Dividend Discount
Gordon GGM 86.84 TWD 94.64 TWD 106.44 TWD 70
DDM Multi-Stage 86.84 TWD 107.31 TWD 135.25 TWD 61
Multiples
P/E Multiple 250.01 TWD 333.35 TWD 416.69 TWD 63
P/S Multiple 68.53 TWD 91.37 TWD 114.21 TWD 58
P/B Multiple 212.51 TWD 283.35 TWD 354.18 TWD 55
EV/EBIT 102.30 TWD 134.06 TWD 165.82 TWD 53
EV/EBITDA 154.28 TWD 203.37 TWD 252.46 TWD 54
EV/Revenue 70.98 TWD 98.39 TWD 125.80 TWD 43
Asset-Based
NCAV (Graham) 51.66 TWD 69.23 TWD 103.33 TWD 50
Growth DCF
Growth DCF 124.25 TWD 163.89 TWD 229.55 TWD 72
Rev-Margin DCF 87.16 TWD 118.71 TWD 158.24 TWD 67
Economic Profit
Residual Income 105.89 TWD 133.01 TWD 289.99 TWD 76
ROIC Compounder 53.92 TWD 61.32 TWD 67.71 TWD 67
Growth Earnings
Growth-Adj P/E 176.87 TWD 252.68 TWD 328.48 TWD 68

Widest divergence: Growth Earnings (252.68 TWD) versus Earnings-Based (61.32 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.4B TWD
Revenue growth (YoY) -8.8%
Net margin 46.4%
Return on equity 16.2%
Free cash flow 474M TWD FY2025
P/E ratio 23.5
More key figures
Operating margin 28.9%
EPS (TTM) 9.39 TWD
Dividend yield 2.0%
EPS growth (YoY) -4.8%
Net cash 445M TWD FY2023

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

Quality Score breakdown

Overall quality 75/100

Of which business quality 72 · Market factors (momentum, volatility) 34

Profitability 57
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 23
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 82
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

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. It offers antenna; baluns; couplers; filters; multi-plexers; power dividers; RF front-end modules; and high frequency inductors.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Advanced Ceramic X Corporation 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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.4B TWD
Latest YoY
−15.6%
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.
−0.9%
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.
−8.2%
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.
−3.9%
Revenue −15.9%/yr
FY21 2.8B TWD
FY22 1.5B TWD
FY23 1.5B TWD
FY24 1.7B TWD
FY25 1.4B TWD
Net income −10.8%/yr
FY21 1.0B TWD
FY22 275M TWD
FY23 282M TWD
FY24 429M TWD
FY25 650M TWD

3152 screens 29% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Advanced Ceramic X Corporation Fair Value". https://www.fairvalue-calculator.com/stock/3152

Peer Group

Electronic Components · 625 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 75 · Top 25%
Fair Value upside −29% · Above median
Return on equity (TTM) 16% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 46% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 3.0% · Top 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 14.0× · Cheaper than 75% of peers
P/B 2.25× · Cheaper than median
P/S (TTM) 6.52× · Pricier than 75% of peers
P/FCF 0.6× · Cheaper than median
EV/EBITDA 15.8× · Cheaper than median

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 32
PAST 65 · sector 24
HEALTH 0 · sector 95
DIVIDEND 60 · sector 25

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

Insider activity: 45/100

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

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Advanced Ceramic X Corporation (3152) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 157.22 TWD versus a price of 220.00 TWD, about −29% (overvalued).
What is the fair value of 3152?
Our model-based fair value for Advanced Ceramic X Corporation is 157.22 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 220.00 TWD.
What is the quality score of 3152?
Advanced Ceramic X Corporation has a Quality Score of 75/100. 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 Advanced Ceramic X Corporation (3152)?
Advanced Ceramic X Corporation reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3152?
The net profit margin of Advanced Ceramic X Corporation is about 46.4%, meaning it keeps roughly 46.4% of revenue as net income. Based on the latest reported figures.
Does Advanced Ceramic X Corporation pay a dividend?
Advanced Ceramic X Corporation currently shows a dividend yield of about 2.00% 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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