Browave (3163) fair value: what the stock is really worth
We calculate from audited financials what Browave is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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A solid business, trading 51% below our fair value of 1,492 TWD.
As of Aug 28, 2026, the fair value of Browave is 1,492 TWD per share against a price of 724.00 TWD, so the fair value sits 106% above the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y −6.3 %/yr)
✓Highly profitable · 32.7% net margin
!Low debt · negative free cash flow
·0.24% dividend yield
!Mixed vs. peers (7/12)
!Moderate moat 59/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 5 out of 100
Evidence: MediumRange 1,119 TWD to 1,865 TWD
Fair value as of: Aug 28, 2026
From 15 valuation models · updated 13 days ago
Fair value updated Aug 28, 2026, revised from 55.27 TWD to 1,492 TWD (+2,600.1%) since Aug 13, 2026. Share price +2.5% over the past month.
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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 724.00 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.
Browave (3163) currently trades at 724.00 TWD, while our model-based Fair Value estimate is 1,492 TWD, implying the stock looks roughly 51.5% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Technology sector. How firm this estimate is: it rests on 15 models at a data quality of 95/100, which puts the evidence level at medium.
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 87.1. Fundamentals as of Aug 28, 2026
Scenario range: 1,119 TWD (bear) to 1,865 TWD (bull), the price of 724.00 TWD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 45% below its 52-week high and 341% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −52% fair-value upside, at 106%, 3163 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (3.07 TWD per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (13.67 TWD to 111.21 TWD). Read the values as a conservative anchor, not as a price target.
ModelBear ⓘ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
Owner Earnings best evidence54.37 TWD73.11 TWD107.82 TWD77
EPV12.67 TWD13.67 TWD14.55 TWD74
ROIC Compounder12.67 TWD13.67 TWD14.55 TWD72
All 15 models by family
DCF Models
Owner Earnings best evidence54.37 TWD73.11 TWD107.82 TWD77
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Key figures & financial health
P/E ratio87.1
P/S ratio19.6P/E × margin
EPS (TTM)8.31 TWDprice ÷ EPS = P/E 87.1
Dividend yield0.2%payout 21.1%
Net margin22.5%FY2025
Return on equity27.0%TTM
More key figures
Profitability
Return on assets (EBIT)6.2%avg 5y
Operating margin1.7%TTM
Growth
Revenue (TTM)2.4B TWDTTM
Revenue growth (YoY)+9.9%3y avg −11.5%
EPS growth (YoY)+395%
Balance sheet & cash flow
Free cash flow−376K TWDFY2025
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality64/100
Of which business quality 61
· Market factors (momentum, volatility) 46
Profitability57
Margins and returns on capital today
Quality Growth73
Are margins and returns improving?
Cashflow13
Earnings quality: real cash, not paper profit
Fin. Strength91
Balance sheet, leverage, solvency risk
Investment63
Disciplined investing over empire-building
Low Volatility8
Calm price path (market factor)
Momentum68
Price trend over the last 3–12 months (market factor)
52W Momentum52
Distance to the 52-week high (market factor)
Net Issuance83
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.
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.
Growth Quality 30/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.2B TWD
Latest YoY
+14.6%
Avg. revenue 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.
−11.5%
Avg. revenue 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.
−6.3%
Avg. revenue 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.
+0.0%
Value creation/yr (5Y, in TWD) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+25.0%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+24.8%
Dividend yield0.2%
Operating margin (EBIT) ⓘ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.11.0% (2020) → 5.4% (2025) · falling
Worst earnings drop67% (2021) · in TWD
⚠ Revenue per share shrinking 4.0%/yr over ~6Y (margins intact) ⓘ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.
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.
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.
This stockSector peers
VALUE100· sector 0
FUTURE50· sector 37
PAST100· sector 15
HEALTH100· sector 98
DIVIDEND5· sector 24
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
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As of Aug 28, 2026, our model estimates a fair value of 1,492 TWD versus a price of 724.00 TWD, about +106% upside (undervalued).
What is the fair value of 3163?
Our model-based fair value for Browave is 1,492 TWD (as of Aug 28, 2026), built from audited fundamentals. The current price: 724.00 TWD.
What is the quality score of 3163?
Browave has a Quality Score of 64/100. 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 Browave (3163)?
Our model-based price target is the fair value of 1,492 TWD (as of Aug 28, 2026) from 15 valuation models. Cautious scenario 1,119 TWD, optimistic scenario 1,865 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Browave stock forecast for 2026?
Our models put fair value at 1,492 TWD, about +106% upside versus a price of 724.00 TWD (undervalued). Cautious scenario 1,119 TWD, optimistic scenario 1,865 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Browave (3163)?
Browave reported trailing-twelve-month revenue of about 2.4B TWD (latest available figure, as of Aug 28, 2026).
What is the net profit margin of 3163?
The net profit margin of Browave is about 29.5%, meaning it keeps roughly 29.5% of revenue as net income. Based on the latest reported figures.
Does Browave pay a dividend?
Browave currently shows a dividend yield of about 0.24% relative to its recent price (as of Aug 28, 2026).
What is the intrinsic value of Browave (3163)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Browave it is 1,492 TWD per share (as of Aug 28, 2026), against a price of 724.00 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Browave stock overvalued or undervalued in 2026?
As of Aug 28, 2026, 3163 trades below its calculated fair value: price 724.00 TWD, fair value 1,492 TWD, a gap of about +106% (undervalued). 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 3163?
No. The price is what the market pays today (724.00 TWD); the fair value is what the company's own numbers justify (1,492 TWD). For Browave the two are 768.34 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Browave worth?
The market values Browave at about 73.4B TWD (market capitalisation, as of Aug 28, 2026). Per share that is 724.00 TWD; our models calculate a fair value of 1,492 TWD per share.
What do the bullish and bearish scenarios say about 3163?
Our models span a range for Browave: cautious scenario 1,119 TWD, base 1,492 TWD, optimistic 1,865 TWD per share (as of Aug 28, 2026, price 724.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3163?
Browave trades at a price-to-earnings ratio of 87.1 (as of Aug 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,492 TWD is built from several models across several years. Other multiples: P/B 23.9, P/S 30.5.
How solid is the balance sheet of Browave (3163)?
Balance-sheet figures for Browave (as of Aug 28, 2026): return on equity 27.0%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 3163 from its 52-week high?
Browave trades at 724.00 TWD, about 45% below its 52-week high of 1,315 TWD and 341% above the low of 164.00 TWD (as of Aug 28, 2026). Distance from the high says nothing about value: that is what the fair value of 1,492 TWD is for.
Which stocks are comparable to Browave?
From the same area (Technology) we also value Cisco Systems, Inc, Zhongji Innolight Co, Foxconn Industrial Internet Co, Eoptolink Technology 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 Browave stock attractive at the current price?
The data as of Aug 28, 2026: price 724.00 TWD, calculated fair value 1,492 TWD (+106%), Quality Score 64/100, from 15 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 3163 calculated?
We run Browave through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 1,492 TWD, with the spread shown as a cautious and an optimistic scenario.
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