Kinsus Interconnect Technology Corp (3189) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Kinsus Interconnect Technology Corp TWD 1,468, price TWD 1,050, upside +39.8%, quality 55 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 Oct 3, 2026.
How to read this chart
60‑month range 61.20 TWD – 1,050 TWD · fair‑value band 853.20 TWD – 1,944 TWD · the 1,050 TWD price screens below the 1,468 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 3, 2026.
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Kinsus Interconnect Technology Corp., together with its subsidiaries, engages in the manufacture and sale of electronic products in Taiwan and internationally. It operates through the IC Substrate and Optics segments.
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Kinsus Interconnect Technology Corp., together with its subsidiaries, engages in the manufacture and sale of electronic products in Taiwan and internationally. It operates through the IC Substrate and Optics segments. The company offers system in package substrate, a carrier substrate that provides a platform for multiple chips or packages or passive components assembly for multi-chip module, multi-chip package, stack die, package in package, and embedded substrates, as well as modules in handset and wearable devices. It also provides plastic ball grid array substrate for microprocessors, controllers, graphic processors, ASIC, and PC chipsets; and flip chip chip scale package substrate for application processors and connectivity applications. In addition, the company offers wire bond chip scale package substrate for application processor, connectivity, power management, and memory applications; radio frequency modules substrate for power amplifier, front end modules, and Wi-Fi connectivity modules applications; and flip chip ball grid array substrate for micro and graphic processors, ASIC, and field programmable gate array applications. In addition, the company is involved in the manufacture and sale of medical equipment; research, development, manufacture, production, and sale of printed circuit boards, electronic components, and related products, as well as provision of after-sales services; and sale of cosmetic products. Further, it is involved in the wholesale and retail-sale of electronic materials; provision of business operation and management consultation services; production, manufacture, and sale of contact lenses; and investment and trading activities. The company was incorporated in 2000 and is based in Taoyuan City, Taiwan.
Stock analysis
Kinsus Interconnect Technology Corp (3189) currently trades at 1,050 TWD, while our model-based Fair Value estimate is 1,468 TWD, implying the stock looks roughly 28.5% undervalued today.
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Valuation
How firm this estimate is: it rests on 26 models at a data quality of 81/100, which puts the evidence level at medium.
Scenario range: 853.20 TWD (bear) to 1,944 TWD (bull), the price of 1,050 TWD sits inside 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 55/100 (solid quality), in the Technology sector.
Mixed Growth: Spin-off in 2006: revenue and profit before it include the divested business. Growth is measured afresh from 2006.
Kinsus Interconnect Technology Corp reported revenue of 39.4B TWD in FY2025 versus 33.3B TWD in FY2021, a compound +4.2%/yr. Reported net income was 1.6B TWD in FY2025, compounding −19.8%/yr from FY2021.
Key figures
Market cap 553B TWD (≈ $17.4B) · P/E ratio 182.0 · P/S ratio 7.38 · EPS (TTM) 5.77 TWD · Dividend yield 0.2% · Net margin 4.1% · Return on equity 8.9% · Return on assets (EBIT) 5.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 863% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −28% fair-value upside, at 40%, 3189 screens cheaper than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (8.19 TWD to 200.10 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 853.20 TWDFair Value 1,468 TWDBull 1,944 TWD
Price 1,050 TWD · Upside +39.8%
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 (3.05 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.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.55/100
Spin-off in 2006: revenue and profit before it include the divested business. Growth is measured afresh from 2006.
Revenue growth 1 year
+28.9%
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.
−2.5%
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.
+7.7%
Start year 2020 (pandemic). Over 10 years: +5.5% a year
Revenue growth 19 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.
+6.5%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−19.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.0%
Dividend (yield on the price)0.2%
Per share before 2006divided by the spin-off factor 1.1279
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.−6.4% vs −5.8%, steady
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.5% → 7%
2025 sits 3,146% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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 and more than analysts expect.
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).
+72.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+38.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +69.7% a year for the price and +36.5% for the forecasts.
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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.Semiconductor Equipment & Materials · 217 stocks
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Is Kinsus Interconnect Technology Corp (3189) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 1,468 TWD versus a price of 1,050 TWD, about +40% upside (undervalued).
What is the fair value of 3189?
Our model-based fair value for Kinsus Interconnect Technology Corp is 1,468 TWD (as of Oct 3, 2026), built from audited fundamentals. The current price: 1,050 TWD.
What is the quality score of 3189?
Kinsus Interconnect Technology Corp has a Quality Score of 55/100. 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 Kinsus Interconnect Technology Corp (3189)?
Our model-based price target is the fair value of 1,468 TWD (as of Oct 3, 2026) from 26 valuation models. Cautious scenario 853.20 TWD, optimistic scenario 1,944 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Kinsus Interconnect Technology Corp stock forecast for 2026?
Our models put fair value at 1,468 TWD, about +40% upside versus a price of 1,050 TWD (undervalued). Cautious scenario 853.20 TWD, optimistic scenario 1,944 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Kinsus Interconnect Technology Corp (3189)?
Kinsus Interconnect Technology Corp reported trailing-twelve-month revenue of about 44.8B TWD (latest available figure, as of Oct 3, 2026).
Does Kinsus Interconnect Technology Corp pay a dividend?
Kinsus Interconnect Technology Corp currently shows a dividend yield of about 0.17% relative to its recent price (as of Oct 3, 2026).
What growth is priced into Kinsus Interconnect Technology Corp (3189)?
For today's price to be fair in a discounted-cash-flow model, Kinsus Interconnect Technology Corp would have to grow free cash flow by +72.4 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.8 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of 3189 use?
Our models discount Kinsus Interconnect Technology Corp at 11.8 %: a base by market capitalisation (large), damped by beta 1.84, 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 Kinsus Interconnect Technology Corp that is +72.4 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Kinsus Interconnect Technology Corp (3189) delivered so far?
Over the past 5 years revenue at Kinsus Interconnect Technology Corp grew +7.8 % a year. The price currently implies +72.4 % 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 Kinsus Interconnect Technology Corp (3189) growing?
The median revenue growth in the sector is +10.6 % a year. That is the yardstick for the growth priced into Kinsus Interconnect Technology Corp (+72.4 % 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 Kinsus Interconnect Technology Corp (3189)?
The free-cash-flow yield on the price is 0.35 %: that much free cash flow Kinsus Interconnect Technology Corp produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kinsus Interconnect Technology Corp (3189)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kinsus Interconnect Technology Corp it is 1,468 TWD per share (as of Oct 3, 2026), against a price of 1,050 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Kinsus Interconnect Technology Corp stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 3189 trades below its calculated fair value: price 1,050 TWD, fair value 1,468 TWD, a gap of about +40% (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 3189?
No. The price is what the market pays today (1,050 TWD); the fair value is what the company's own numbers justify (1,468 TWD). For Kinsus Interconnect Technology Corp the two are 417.84 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Kinsus Interconnect Technology Corp worth?
The market values Kinsus Interconnect Technology Corp at about 553B TWD (market capitalisation, as of Oct 3, 2026). Per share that is 1,050 TWD; our models calculate a fair value of 1,468 TWD per share.
What do the bullish and bearish scenarios say about 3189?
Our models span a range for Kinsus Interconnect Technology Corp: cautious scenario 853.20 TWD, base 1,468 TWD, optimistic 1,944 TWD per share (as of Oct 3, 2026, price 1,050 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3189?
Kinsus Interconnect Technology Corp trades at a price-to-earnings ratio of 182.0 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,468 TWD is built from several models across several years. Other multiples: PEG 1.4, P/B 16.9, P/S 21.0, EV/EBITDA 79.9.
What is the PEG ratio of 3189?
The PEG ratio of Kinsus Interconnect Technology Corp is 1.41 (P/E divided by earnings growth, as of Oct 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Kinsus Interconnect Technology Corp (3189)?
Balance-sheet figures for Kinsus Interconnect Technology Corp (as of Oct 3, 2026): return on equity 8.9%, debt of 0.34 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 3189 from its 52-week high?
Kinsus Interconnect Technology Corp trades at 1,050 TWD, at its 52-week high of 1,050 TWD and 863% above the low of 109.00 TWD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 1,468 TWD is for.
Which stocks are comparable to Kinsus Interconnect Technology Corp?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA Corporation, 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 Kinsus Interconnect Technology Corp stock attractive at the current price?
The data as of Oct 3, 2026: price 1,050 TWD, calculated fair value 1,468 TWD (+40%), Quality Score 55/100, from 26 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 3189 calculated?
We run Kinsus Interconnect Technology Corp through 26 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 1,468 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 14.9 % above its aggregate fair value. Kinsus Interconnect Technology Corp currently trades 28 % below its own fair value, and the market average says nothing about that. 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 Kinsus Interconnect Technology Corp (3189)?
The closing price on Oct 2, 2026 was 1,050 TWD. Our model-based fair value is 1,468 TWD, about +40% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kinsus Interconnect Technology Corp right now?
Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (853.20 TWD to 1,944 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Kinsus Interconnect Technology Corp (3189) come from?
Earnings per share at Kinsus Interconnect Technology Corp grew −16.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.4 %, EBIT margin −10.6 %, tax rate −2.8 %, residual (interest, one-offs) −7.4 %. 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 Kinsus Interconnect Technology Corp
How large is the market capitalisation of Kinsus Interconnect Technology Corp (3189)?
The market capitalisation of Kinsus Interconnect Technology Corp is 553B TWD (≈ $17.4B). 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 Kinsus Interconnect Technology Corp (3189)?
The price-to-sales ratio of Kinsus Interconnect Technology Corp is 7.38 (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 Kinsus Interconnect Technology Corp (3189)?
Earnings per share at Kinsus Interconnect Technology Corp are 5.77 TWD (price ÷ EPS = P/E 182.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kinsus Interconnect Technology Corp (3189)?
The dividend yield of Kinsus Interconnect Technology Corp is 0.2% (payout 30.3%). 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 Kinsus Interconnect Technology Corp (3189)?
The net margin of Kinsus Interconnect Technology Corp is 4.1% (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 Kinsus Interconnect Technology Corp (3189)?
The return on equity (ROE) of Kinsus Interconnect Technology Corp is 8.9% (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 Kinsus Interconnect Technology Corp (3189)?
On an EBIT basis the return on assets of Kinsus Interconnect Technology Corp is 5.7% (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 Kinsus Interconnect Technology Corp (3189)?
The operating margin of Kinsus Interconnect Technology Corp is 13.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kinsus Interconnect Technology Corp (3189)?
Revenue at Kinsus Interconnect Technology Corp is growing +30.7% versus a year earlier (3y avg −2.5%). 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 Kinsus Interconnect Technology Corp (3189)?
Earnings per share at Kinsus Interconnect Technology Corp are growing +246% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kinsus Interconnect Technology Corp (3189) carry?
The net debt of Kinsus Interconnect Technology Corp is 2.2B TWD (fiscal year 2025, ≈ 1.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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