ASIX Electronics (3169) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of ASIX Electronics TWD 73.89, price TWD 115, upside -35.5%, quality 80 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 67.91 TWD – 243.97 TWD · fair‑value band 56.99 TWD – 92.54 TWD · the 114.50 TWD price screens above the 73.89 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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ASIX Electronics Corporation, an IC design company, engages in the research, development, manufacture, and sale of chips in Taiwan, China, and internationally.
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ASIX Electronics Corporation, an IC design company, engages in the research, development, manufacture, and sale of chips in Taiwan, China, and internationally. It offers communication and mixed signal receiving and processing chips, multimedia graphics ICs and graphics boards, asynchronous transmission mode chips, interface transmission chips, display driver chips, and white light emitting diode driver chips. The company also provides industrial, SuperSpeed USB, and Non-PCI/SPI embedded Ethernet ICs; and RS-232/RS-485 UART transceivers and USB KVM Switch/Wi-Fi/Ethernet SoCs, as well as interface ICs. It offers its products for smart factory, industrial automation, industrial IoT, smart home and office, PC and peripheral, interface connectivity, and USB KVM switch applications. The company was incorporated in 1995 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
ASIX Electronics (3169) currently trades at 114.50 TWD, while our model-based Fair Value estimate is 73.89 TWD, implying the stock looks roughly 55.0% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 81.42 TWD per share, and 1 of the 23 models we run sit above the 114.50 TWD price.
Bear case: the Asset-Based group reads lowest at 19.39 TWD, and 22 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: 56.99 TWD (bear) to 92.54 TWD (bull), the price of 114.50 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 80/100 (high quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
ASIX Electronics reported revenue of 930M TWD in FY2025 versus 1.3B TWD in FY2021, a compound −8.4%/yr. Reported net income was 232M TWD in FY2025, compounding −11.9%/yr from FY2021.
Key figures
Market cap 7.2B TWD (≈ $227M) · P/E ratio 33.0 · P/S ratio 8.22 · EPS (TTM) 3.47 TWD · Net margin 24.9% · Return on equity 11.7% · Return on assets (EBIT) 17.0% · Operating margin 26.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at −35%, 3169 screens richer than that median.
Fair Value models
Bear 56.99 TWDFair Value 73.89 TWDBull 92.54 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (2.55 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.Evidence ⓘEvidence = 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 growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+9.0%
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.
−11.4%
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.
+5.1%
Start year 2020 (pandemic). Over 10 years: +4.0% a year
Revenue growth 16 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.
+3.4%
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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. 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.
+4.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.1%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4% vs 11%, slowing
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.26% → 28%
Start year 2020 (pandemic)
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).
+20.2%
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 +18.3% 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.Semiconductors · 339 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside−33% · Above median
Profitability
Return on equity (TTM)12% · Above median
Return on assets7% · Top 25%
Net margin (TTM)24% · Top 25%
Operating margin (TTM)27% · Top 25%
Growth and dividend
Revenue growth−5% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (TTM)33.0× · Cheaper than median
P/B3.84× · Pricier than median
P/S (TTM)7.65× · Pricier than median
P/FCF0.8× · Cheaper than median
EV/EBITDA21.4× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 64
PAST (return on equity)47· sector 22
HEALTH (low debt)0· sector 95
DIVIDEND (yield)0· sector 20
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). "ASIX Electronics Fair Value". https://www.fairvalue-calculator.com/stock/3169
Frequently asked questions
Is ASIX Electronics (3169) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 73.89 TWD versus a price of 114.50 TWD, about −35% upside (overvalued).
What is the fair value of 3169?
Our model-based fair value for ASIX Electronics is 73.89 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 114.50 TWD.
What is the quality score of 3169?
ASIX Electronics has a Quality Score of 80/100. 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 ASIX Electronics (3169)?
Our model-based price target is the fair value of 73.89 TWD (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 56.99 TWD, optimistic scenario 92.54 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the ASIX Electronics stock forecast for 2026?
Our models put fair value at 73.89 TWD, about −35% upside versus a price of 114.50 TWD (overvalued). Cautious scenario 56.99 TWD, optimistic scenario 92.54 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of ASIX Electronics (3169)?
ASIX Electronics reported trailing-twelve-month revenue of about 916M TWD (latest available figure, as of Sep 24, 2026).
What growth is priced into ASIX Electronics (3169)?
For today's price to be fair in a discounted-cash-flow model, ASIX Electronics would have to grow free cash flow by +20.2 % per year for five years (discount rate 13.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3169 use?
Our models discount ASIX Electronics at 13.6 %: a base by market capitalisation (micro), damped by beta 1.10, 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 ASIX Electronics that is +20.2 % per year a year over ten years, using the same discount rate (13.6 %) and the same formula as our fair value.
How much growth has ASIX Electronics (3169) delivered so far?
Over the past 5 years revenue at ASIX Electronics grew +5.1 % a year. The price currently implies +20.2 % per year free-cash-flow growth a 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 ASIX Electronics (3169) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into ASIX Electronics (+20.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ASIX Electronics (3169)?
The free-cash-flow yield on the price is 3.60 %: that much free cash flow ASIX Electronics produces per unit of market value. When it exceeds the discount rate of our models (13.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ASIX Electronics (3169)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ASIX Electronics it is 73.89 TWD per share (as of Sep 24, 2026), against a price of 114.50 TWD. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is ASIX Electronics stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3169 trades above its calculated fair value: price 114.50 TWD, fair value 73.89 TWD, a gap of about −35% (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 3169?
No. The price is what the market pays today (114.50 TWD); the fair value is what the company's own numbers justify (73.89 TWD). For ASIX Electronics the two are 40.61 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is ASIX Electronics worth?
The market values ASIX Electronics at about 7.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 114.50 TWD; our models calculate a fair value of 73.89 TWD per share.
What do the bullish and bearish scenarios say about 3169?
Our models span a range for ASIX Electronics: cautious scenario 56.99 TWD, base 73.89 TWD, optimistic 92.54 TWD per share (as of Sep 24, 2026, price 114.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3169?
ASIX Electronics trades at a price-to-earnings ratio of 33.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 73.89 TWD is built from several models across several years. Other multiples: P/B 3.8, P/S 7.6, EV/EBITDA 21.4.
How solid is the balance sheet of ASIX Electronics (3169)?
Balance-sheet figures for ASIX Electronics (as of Sep 24, 2026): return on equity 11.7%. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is 3169 from its 52-week high?
ASIX Electronics trades at 114.50 TWD, about 4% below its 52-week high of 119.56 TWD and 40% above the low of 81.85 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 73.89 TWD is for.
Which stocks are comparable to ASIX Electronics?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix 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 ASIX Electronics stock attractive at the current price?
The data as of Sep 24, 2026: price 114.50 TWD, calculated fair value 73.89 TWD (−35%), Quality Score 80/100, from 23 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 3169 calculated?
We run ASIX Electronics through 23 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 73.89 TWD, 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 13.0 % above its aggregate fair value. ASIX Electronics 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 ASIX Electronics (3169)?
The closing price on Sep 24, 2026 was 114.50 TWD. Our model-based fair value is 73.89 TWD, about −35% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ASIX Electronics right now?
A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (92.54 TWD). The favourable scenario is already priced in.
Where does the earnings growth of ASIX Electronics (3169) come from?
Earnings per share at ASIX Electronics grew +11.9 % a year from 2012 to 2023. Broken into its drivers: revenue per share +5.5 %, EBIT margin +7.8 %, tax rate −0.9 %, residual (interest, one-offs) −0.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of ASIX Electronics
How large is the market capitalisation of ASIX Electronics (3169)?
The market capitalisation of ASIX Electronics is 7.2B TWD (≈ $227M). 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 ASIX Electronics (3169)?
The price-to-sales ratio of ASIX Electronics is 8.22 (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 ASIX Electronics (3169)?
Earnings per share at ASIX Electronics are 3.47 TWD (price ÷ EPS = P/E 33.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ASIX Electronics (3169)?
The net margin of ASIX Electronics is 24.9% (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 ASIX Electronics (3169)?
The return on equity (ROE) of ASIX Electronics is 11.7% (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 ASIX Electronics (3169)?
On an EBIT basis the return on assets of ASIX Electronics is 17.0% (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 ASIX Electronics (3169)?
The operating margin of ASIX Electronics is 26.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ASIX Electronics (3169)?
Revenue at ASIX Electronics is growing −5.3% versus a year earlier (3y avg −11.4%). 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 ASIX Electronics (3169)?
Earnings per share at ASIX Electronics are growing −14.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does ASIX Electronics (3169) hold?
ASIX Electronics holds more cash than debt, 1.5B TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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