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ADATA Technology Co (3260) Fair Value & Analysis

Technology · TW · Market cap 116B TWD

AT ADATA Technology Co 3260 · TWO
Price416.00 TWD
Fair Value269.63 TWD
Upside-35.2%
Quality47/100
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Expensive Growth
Highly profitable · 23.5% net margin
Moderate debt · generates free cash flow
4.24% dividend yield
Ranks above peers (10/14)
Wide moat 89/100
Evidence: Medium Range 169.87 TWD – 490.74 TWD Share as image

Fair value as of: Jul 20, 2026

From 23 valuation models · updated 20 days ago

Fair value updated Jul 20, 2026, revised from 264.44 TWD to 269.63 TWD (+2.0%) since Jul 9, 2026. Share price +3.0% over the past month.

Below-average quality, and screening another 35% overvalued on our models.

What matters now

  • The model range is unusually wide (169.87 TWD to 490.74 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

508.00 TWD 43.12 TWD Fair Value 269.63 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 43.12 TWD – 508.00 TWD · fair‑value band 169.87 TWD – 490.74 TWD · the 416.00 TWD price screens above the 269.63 TWD fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

ADATA Technology Co (3260) currently trades at 416.00 TWD, while our model-based Fair Value estimate is 269.63 TWD, implying the stock looks roughly 35.2% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, ADATA Technology Co generated revenue of 53.1B TWD at a net margin of 13.7%. Revenue grew 60.9% year over year. It earns a return on equity of 35.1%. Net debt stands at 23.7B TWD. Fundamentals as of Jul 20, 2026

Our scenario range runs from 169.87 TWD (bear case) to 490.74 TWD (bull case); at 416.00 TWD, the current price sits within 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 19% below its 52-week high and 393% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -35%, 3260 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income 167.74 TWD 243.07 TWD 2,221 TWD 76
ROIC Compounder 242.58 TWD 323.99 TWD 423.37 TWD 72
Gordon GGM 47.09 TWD 97.90 TWD 155.31 TWD 70
All 23 models by family
DCF Models
Owner Earnings 198.19 TWD 352.35 TWD 602.86 TWD 31
5Y Revenue Exit 141.87 TWD 305.39 TWD 526.70 TWD 39
5Y EBITDA Exit 152.92 TWD 327.03 TWD 541.64 TWD 41
5Y P/E Exit 180.46 TWD 381.01 TWD 603.97 TWD 38
10Y Revenue Exit 76.01 TWD 212.34 TWD 418.03 TWD 36
10Y EBITDA Exit 91.66 TWD 227.75 TWD 429.94 TWD 37
10Y P/E Exit 109.56 TWD 266.20 TWD 479.65 TWD 35
Earnings-Based
Graham-Dodd 157.04 TWD 602.00 TWD 815.64 TWD 54
Lynch FV 146.78 TWD 209.69 TWD 272.60 TWD 50
PEG = 1.0 146.78 TWD 209.69 TWD 272.60 TWD 46
EPV 216.95 TWD 258.31 TWD 294.49 TWD 59
Dividend Discount
Gordon GGM 47.09 TWD 97.90 TWD 155.31 TWD 70
DDM Multi-Stage 47.09 TWD 82.55 TWD 102.75 TWD 61
Multiples
P/E Multiple 346.40 TWD 461.87 TWD 577.34 TWD 63
P/S Multiple 294.44 TWD 392.59 TWD 490.74 TWD 58
P/B Multiple 164.90 TWD 219.86 TWD 274.83 TWD 55
EV/EBIT 359.63 TWD 489.92 TWD 620.20 TWD 53
EV/EBITDA 269.42 TWD 369.63 TWD 469.84 TWD 54
EV/Revenue 232.25 TWD 345.16 TWD 458.07 TWD 43
Asset-Based
NCAV (Graham) 36.64 TWD 49.10 TWD 73.29 TWD 50
Economic Profit
Residual Income 167.74 TWD 243.07 TWD 2,221 TWD 76
ROIC Compounder 242.58 TWD 323.99 TWD 423.37 TWD 72
Growth Earnings
Growth-Adj P/E 258.49 TWD 369.28 TWD 480.06 TWD 68

Widest divergence: Multiples (369.63 TWD) versus Asset-Based (49.10 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 53.1B TWD
Revenue growth (YoY) +60.9%
Net margin 13.7%
Return on equity 35.1%
Free cash flow 252M TWD FY2025
P/E ratio 18.4
More key figures
Operating margin 35.4%
EPS (TTM) 22.97 TWD
EPS growth (YoY) +1,178%
Net debt 23.7B TWD FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 44 · Market factors (momentum, volatility) 70

Profitability 64
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 88
Distance to the 52-week high (market factor)
Net Issuance 21
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.

About the company

ADATA Technology Co., Ltd. manufactures and sells memory products worldwide. The company provides computer memory products, solid state drives (SSDs), external SSDs/external hard drives, USB flash drives, memory cards, power banks, USB cables, and AI translators.

Full company description

ADATA Technology Co., Ltd. manufactures and sells memory products worldwide. The company provides computer memory products, solid state drives (SSDs), external SSDs/external hard drives, USB flash drives, memory cards, power banks, USB cables, and AI translators. It also offers axial flux motors, air-cooled motors, liquid-cooled motors, and motor controllers; and LED lighting products. In addition, the company offers notebooks, PC parts and components, peripherals, keyboard, mouse, and headset. Further, it is involved in venue leasing, culture, and education, creative and art and catering, herb cultivation and farm activities; trades in electronic material and components, and car equipment; and wholesale and retail of food products. Additionally, the company engages in design, manufacture, and selling of semiconductor components, as well as research, develops, manufactures, and sells earphones. Furthermore, it is involved in the agricultural biotech related business. The company was incorporated in 2001 and is headquartered in New Taipei City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ADATA Technology Co reported revenue of 53.1B TWD in FY2025 versus 39.6B TWD in FY2021, a compound +7.6%/yr. Reported net income was 7.3B TWD in FY2025, compounding +34.2%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
53.1B TWD
Latest YoY
+32.1%
Avg. growth/yr (3Y)
+15.0%
Avg. growth/yr (5Y)
+10.5%
Avg. growth/yr (19Y)
+0.8%
Revenue +7.6%/yr
FY21 39.6B TWD
FY22 34.9B TWD
FY23 33.7B TWD
FY24 40.2B TWD
FY25 53.1B TWD
Net income +34.2%/yr
FY21 2.2B TWD
FY22 830M TWD
FY23 1.4B TWD
FY24 2.7B TWD
FY25 7.3B TWD

3260 screens 35% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "ADATA Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/3260

Peer Group

Semiconductors · 319 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.

Quality Score 47 · Below median
Fair Value upside −35% · Above median
Return on equity (TTM) 66% · Top 25%
Return on assets 18% · Top 25%
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 47% · Top 25%
Revenue growth 163% · Top 25%
Dividend yield (TTM) 4.2% · Top 25%
Debt / equity 0.69× · Higher than 75% of peers

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 15.9× · Cheaper than 75% of peers
P/B 5.00× · Pricier than median
P/S (TTM) 1.67× · Cheaper than median
P/FCF 14.3× · Pricier than 75% of peers
EV/EBITDA 5.8× · Cheaper than 75% of peers

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.

VALUE 0 · sector 0
FUTURE 100 · sector 60
PAST 100 · sector 24
HEALTH 66 · sector 97
DIVIDEND 85 · sector 22

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is ADATA Technology Co (3260) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 269.63 TWD versus a price of 416.00 TWD, about −35% (overvalued).
What is the fair value of 3260?
Our model-based fair value for ADATA Technology Co is 269.63 TWD (as of Jul 20, 2026), built from audited fundamentals. The current price is 416.00 TWD.
What is the quality score of 3260?
ADATA Technology Co has a Quality Score of 47/100. 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 revenue of ADATA Technology Co (3260)?
ADATA Technology Co reported trailing-twelve-month revenue of about 53.1B TWD (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 3260?
The net profit margin of ADATA Technology Co is about 13.7%, meaning it keeps roughly 13.7% of revenue as net income. Based on the latest reported figures.

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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