Browave (3163) Fair Value & Analysis
Technology · TW · Market cap 73.4B TWD (≈ $2.3B) · ISIN TW0003163002
Strengths
Risks
Fair value as of: Aug 28, 2026
From 15 valuation models · updated today
Fair value updated Aug 28, 2026, revised from 55.27 TWD to 1,492 TWD (+2,600.1%) since Aug 13, 2026. Share price +33.1% over the past month.
A solid business, trading 48% below our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (1,119 TWD). The market is more pessimistic than our downside scenario.
- Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.
How to read this chart
60‑month range 25.75 TWD – 11,886 TWD · fair‑value band 1,119 TWD – 1,865 TWD · the 776.00 TWD price screens below the 1,492 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.
Analysis
Browave (3163) currently trades at 776.00 TWD, while our model-based Fair Value estimate is 1,492 TWD, implying the stock looks roughly 92.3% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Browave generated revenue of 2.4B TWD at a net margin of 29.5%. Revenue grew 25.2% year over year. It earns a return on equity of 23.8%. The stock trades on a trailing P/E of 93.4. Fundamentals as of Aug 28, 2026
Our scenario range runs from 1,119 TWD (bear case) to 1,865 TWD (bull case); at 776.00 TWD, the current price sits below 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 41% below its 52-week high and 373% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -54% fair-value upside, at 92%, 3163 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.
All 15 models by family
Widest divergence: Growth Earnings (84.14 TWD) versus Earnings-Based (13.67 TWD). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 45
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Browave Corporation engages in the design, manufacture, and sale of optical fiber communication components in Taiwan and internationally.
Full company description
Browave Corporation engages in the design, manufacture, and sale of optical fiber communication components in Taiwan and internationally. The company's products include wavelength division multiplexing and optical splitter modules; component, such as WDM, amplifier, and optical splitter devices; optical connectors and MPO/MTP jumpers; and optical parts, including fiber arrays, polarization-maintaining connectors, and free space isolators. Its products are used in CATV/FTTH, 5G telecommunication, and data center applications. The company was founded 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
Browave reported revenue of 2.2B TWD in FY2025 versus 2.3B TWD in FY2021, a compound −0.8%/yr. Reported net income was 501M TWD in FY2025, compounding +57.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
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Peer Group
Communication Equipment · 309 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.
Valuation Multiples vs Communication Equipment median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Cisco Systems, Inc CSCO | $112.36 | $61.53 | -45% |
| Zhongji Innolight Co 300308 | ¥866.12 | ¥171.09 | -80% |
| Foxconn Industrial Internet Co 601138 | ¥61.83 | ¥28.65 | -54% |
| Eoptolink Technology Inc 300502 | ¥429.90 | ¥176.99 | -59% |
| Nokia Oyj NOK | $10.41 | $3.81 | -63% |
| Motorola Solutions, Inc MSI | $487.28 | $236.33 | -52% |
| Suzhou TFC Optical Communication Co 300394 | ¥276.25 | ¥43.67 | -84% |
| Telefonaktiebolaget LM Ericsson (publ), ERIC | $10.06 | $19.89 | +98% |
| Accton Technology Corporation 2345 | 2,270 TWD | 1,135 TWD | -50% |
| Ubiquiti Inc UI | $577.76 | $252.79 | -56% |
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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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