Tai-Saw Technology Co Ltd (3221) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Tai-Saw Technology Co Ltd stock TWD 72.41, price TWD 36.80, upside +96.8%, quality 51 out of 100. Rating: strongly undervalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 16.45 TWD – 65.98 TWD · fair‑value band 54.39 TWD – 90.43 TWD · the 36.80 TWD price screens below the 72.41 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Tai-Saw Technology Co.,Ltd. engages in the research and development, design, manufacture, and sale of radio communications components and its system equipment in Taiwan, the Americas, rest of Asia, Europe, and internationally.
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The company offers SAW oscillators, crystal resonators, crystal filter, crystal oscillators, VCTCXO, OCXO, HiQ SAW, HiQ Xtal, temperature sensing crystal, LTCC filter, dielectric ceramic filter, antenna, dual SAW, HiQ BAW, HiQ BAR, RF SAW, IF SAW, SAW Resonators, and SAW Duplexer.
It also manufactures semiconductor electric wafer materials and components; trading; wholesale and retail of clinical machine; manufacture and packaging of integrated circuits, as well as computer hardware and peripheral components; and provision of technological consulting services.
Tai-Saw Technology Co.,Ltd. was founded in 1997 and is based in Taoyuan City, Taiwan.
Stock analysis
Tai-Saw Technology Co Ltd (3221) currently trades at 36.80 TWD, while our model-based Fair Value estimate is 72.41 TWD, implying the stock looks roughly 49% undervalued today.
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Valuation
How firm this estimate is: it rests on 14 models at a data quality of 92/100, which puts the data coverage at medium.
Scenario range: 54.39 TWD (bear) to 90.43 TWD (bull), the price of 36.80 TWD sits below 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 51/100 (solid 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.
Tai-Saw Technology Co Ltd reported revenue of 2.2B TWD in FY2025 versus 2.9B TWD in FY2021, a compound −6.6%/yr. Reported net income was 8.3M TWD in FY2025, compounding −64.8%/yr from FY2021.
Key figures
Market cap 3.9B TWD (≈ $118M) Micro · P/E ratio 36.4 · P/S ratio 1.66 · EPS (TTM) 1.01 TWD · Dividend yield 1.0% · Net margin 4.5% · Return on equity 3.8% · Return on assets (EBIT) 7.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (medium confidence).
What moves the price
The share trades about 44% below its 52-week high and 86% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at 97%, 3221 screens cheaper than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.8700 TWD to 24.30 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear54.39 TWDFair Value 72.41 TWDBull90.43 TWD
Price 36.80 TWD · Upside +96.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.5402 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.Coverage ⓘCoverage = 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.27/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.4%
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.
−12.7%
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.
+0.9%
Start year 2020 (pandemic)
Revenue growth 8 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.
+2.4%
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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. Basis: EBIT basis. 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.
−27.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−28.7%
Dividend (yield on the price)1.0%
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.−4% → 3%
Compare Tai-Saw Technology Co Ltd with another stock
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.Communication Equipment · 303 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+96.8% · Top 25%
Profitability
Return on equity (12 months)3.8% · Below median
Return on assets0.3% · Below median
Net margin (12 months)4.5% · Above median
Operating margin (12 months)9.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)18.1% · Above median
Dividend yield (12 months)1.0% · Below median
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
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). "Tai-Saw Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3221
Frequently asked questions
Is Tai-Saw Technology Co Ltd (3221) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 72.41 TWD versus a price of 36.80 TWD, about +97% upside (undervalued).
What is the fair value of 3221?
Our model-based fair value for Tai-Saw Technology Co Ltd is 72.41 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 36.80 TWD.
What is the quality score of 3221?
Tai-Saw Technology Co Ltd has a Quality Score of 51/100. 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 Tai-Saw Technology Co Ltd (3221)?
Our model-based price target is the fair value of 72.41 TWD (as of Nov 8, 2026) from 14 valuation models. Cautious scenario 54.39 TWD, optimistic scenario 90.43 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Tai-Saw Technology Co Ltd stock forecast for 2026?
Our models put fair value at 72.41 TWD, about +97% upside versus a price of 36.80 TWD (undervalued). Cautious scenario 54.39 TWD, optimistic scenario 90.43 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Tai-Saw Technology Co Ltd (3221)?
Tai-Saw Technology Co Ltd reported trailing-twelve-month revenue of about 2.3B TWD (latest available figure, as of Nov 8, 2026).
Does Tai-Saw Technology Co Ltd pay a dividend?
Tai-Saw Technology Co Ltd currently shows a dividend yield of 1.03% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Tai-Saw Technology Co Ltd (3221) and when is the ex-dividend date?
Tai-Saw Technology Co Ltd pays a dividend of 0.38 TWD per share a year, a dividend yield of 1.0%. The last ex-dividend date was Jul 8, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 37.6% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Tai-Saw Technology Co Ltd (3221)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tai-Saw Technology Co Ltd it is 72.41 TWD per share (as of Nov 8, 2026), against a price of 36.80 TWD. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Tai-Saw Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 3221 trades below its calculated fair value: price 36.80 TWD, fair value 72.41 TWD, a gap of about +97% (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 3221?
No. The price is what the market pays today (36.80 TWD); the fair value is what the company's own numbers justify (72.41 TWD). For Tai-Saw Technology Co Ltd the two are 35.61 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Tai-Saw Technology Co Ltd worth?
The market values Tai-Saw Technology Co Ltd at about 3.9B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 36.80 TWD; our models calculate a fair value of 72.41 TWD per share.
What do the bullish and bearish scenarios say about 3221?
Our models span a range for Tai-Saw Technology Co Ltd: cautious scenario 54.39 TWD, base 72.41 TWD, optimistic 90.43 TWD per share (as of Nov 8, 2026, price 36.80 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3221?
Tai-Saw Technology Co Ltd trades at a price-to-earnings ratio of 36.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 72.41 TWD is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2017 to 2025), reported earnings: 38.4. Other multiples: P/B 1.9, P/S 1.7, EV/EBITDA 17.5.
How solid is the balance sheet of Tai-Saw Technology Co Ltd (3221)?
Balance-sheet figures for Tai-Saw Technology Co Ltd (as of Nov 8, 2026): return on equity 3.8%, debt of 0.07 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 3221 from its 52-week high?
Tai-Saw Technology Co Ltd trades at 36.80 TWD, about 44% below its 52-week high of 65.98 TWD and 86% above the low of 19.75 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 72.41 TWD is for.
Which stocks are comparable to Tai-Saw Technology Co Ltd?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, 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 Tai-Saw Technology Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 36.80 TWD, calculated fair value 72.41 TWD (+97%), Quality Score 51/100, from 14 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 3221 calculated?
We run Tai-Saw Technology Co Ltd through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 72.41 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Tai-Saw Technology Co Ltd currently trades 49% 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 Tai-Saw Technology Co Ltd (3221)?
The closing price on Nov 6, 2026 was 36.80 TWD. Our model-based fair value is 72.41 TWD, about +97% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tai-Saw Technology Co Ltd right now?
The price is below even our cautious bear case (54.39 TWD). The market is more pessimistic than our downside scenario. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Tai-Saw Technology Co Ltd
How large is the market capitalisation of Tai-Saw Technology Co Ltd (3221)?
The market capitalisation of Tai-Saw Technology Co Ltd is 3.9B TWD (≈ $118M). 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 Tai-Saw Technology Co Ltd (3221)?
The price-to-sales ratio of Tai-Saw Technology Co Ltd is 1.66 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tai-Saw Technology Co Ltd (3221)?
Earnings per share at Tai-Saw Technology Co Ltd are 1.01 TWD (price ÷ EPS = P/E 36.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tai-Saw Technology Co Ltd (3221)?
The dividend yield of Tai-Saw Technology Co Ltd is 1.0% (payout 37.6%). 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 Tai-Saw Technology Co Ltd (3221)?
The net margin of Tai-Saw Technology Co Ltd is 4.5% (last twelve months). 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 Tai-Saw Technology Co Ltd (3221)?
The return on equity (ROE) of Tai-Saw Technology Co Ltd is 3.8% (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 Tai-Saw Technology Co Ltd (3221)?
On an EBIT basis the return on assets of Tai-Saw Technology Co Ltd is 7.3% (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 Tai-Saw Technology Co Ltd (3221)?
The operating margin of Tai-Saw Technology Co Ltd is 9.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tai-Saw Technology Co Ltd (3221)?
Revenue at Tai-Saw Technology Co Ltd is growing +18.1% versus a year earlier (3y avg −12.7%). 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 Tai-Saw Technology Co Ltd (3221)?
Earnings per share at Tai-Saw Technology Co Ltd are growing +140% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tai-Saw Technology Co Ltd (3221) generate?
The free cash flow of Tai-Saw Technology Co Ltd is −98.0M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Tai-Saw Technology Co Ltd (3221) hold?
Tai-Saw Technology Co Ltd holds more cash than debt, 223M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Some data
Nov 8, 2026