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Good Way Technology Co (3272) Fair Value & Analysis

Technology · TW · Market cap 890M TWD

GW Good Way Technology Co 3272 · TWO
Price14.20 TWD
Fair Value23.95 TWD
Upside+68.7%
Quality34/100
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Weak Growth
Loss-making · -21.0% net margin
High debt · negative free cash flow
Trails peers (2/9)
Narrow moat 9/100
Evidence: Low Range 13.47 TWD – 36.86 TWD Share as image

Fair value as of: Jul 23, 2026

From 3 valuation models · updated 18 days ago

Share price −9.8% over the past month.

Below-average quality, screening 69% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain.
  • The model range is unusually wide (13.47 TWD to 36.86 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

49.59 TWD 13.65 TWD Fair Value 23.95 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 13.65 TWD – 49.59 TWD · fair‑value band 13.47 TWD – 36.86 TWD · the 14.20 TWD price screens below the 23.95 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Good Way Technology Co (3272) currently trades at 14.20 TWD, while our model-based Fair Value estimate is 23.95 TWD, implying the stock looks roughly 68.7% undervalued today. The Quality Score stands at 34/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Good Way Technology Co generated revenue of 2.8B TWD at a net margin of -21.0%. Revenue declined 15.1% year over year. It earns a return on equity of -49.2%. Net debt stands at 1.9B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 13.47 TWD (bear case) to 36.86 TWD (bull case); at 14.20 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 48% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 69%, 3272 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 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
Highest evidence
Gordon GGM 12.04 TWD 19.90 TWD 28.15 TWD 70
DDM Multi-Stage 12.04 TWD 17.14 TWD 21.96 TWD 61
NCAV (Graham) 8.06 TWD 10.81 TWD 16.13 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 12.04 TWD 19.90 TWD 28.15 TWD 70
DDM Multi-Stage 12.04 TWD 17.14 TWD 21.96 TWD 61
Asset-Based
NCAV (Graham) 8.06 TWD 10.81 TWD 16.13 TWD 50

Widest divergence: Dividend Discount (17.14 TWD) versus Asset-Based (10.81 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 2.8B TWD
Revenue growth (YoY) -15.1%
Net margin -21.0%
Return on equity -49.2%
Free cash flow −328M TWD FY2025
Operating margin -22.3%
More key figures
EPS (TTM) -7.65 TWD
EPS growth (YoY) -60.0%
Net debt 1.9B TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 32 · Market factors (momentum, volatility) 26

Profitability 10
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 95
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

Good Way Technology Co., Ltd. designs, manufactures, and sells USB and PC peripherals. The company offers docking station products, including USB4, thunderbolt, USB-C display, USB-C USB3.0, and smart dock products; USB multiport and USB-C travel hubs; multiport adapters; USB 5G, video equipment, wireless, and IP extenders; KVM docks; and video capture …

Full company description

Good Way Technology Co., Ltd. designs, manufactures, and sells USB and PC peripherals. The company offers docking station products, including USB4, thunderbolt, USB-C display, USB-C USB3.0, and smart dock products; USB multiport and USB-C travel hubs; multiport adapters; USB 5G, video equipment, wireless, and IP extenders; KVM docks; and video capture products. It also provides Edge AI sensors, such as human presence sensors, unattended cooking alert, and fall detector; as well as AI PTZ Control system. The company was founded in 1983 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

Good Way Technology Co reported revenue of 2.9B TWD in FY2025 versus 4.7B TWD in FY2021, a compound −11.0%/yr. Reported net income was −462M TWD in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.9B TWD
Latest YoY
+5.4%
Avg. 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.
−24.4%
Avg. 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.
−10.5%
Avg. growth/yr (22Y) 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.
+5.5%
Revenue −11.0%/yr
FY21 4.7B TWD
FY22 6.8B TWD
FY23 3.0B TWD
FY24 2.8B TWD
FY25 2.9B TWD
Net income
FY21 31.7M TWD
FY22 225M TWD
FY23 −373M TWD
FY24 −193M TWD
FY25 −462M TWD

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Cite: Fair Value Calculator (2026). "Good Way Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/3272

Peer Group

Computer Hardware · 215 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 34 · Bottom 25%
Fair Value upside +69% · Top 25%
Return on assets -6% · Bottom 25%
Net margin (TTM) -21% · Bottom 25%
Operating margin (TTM) -22% · Bottom 25%
Revenue growth -15% · Bottom 25%
Debt / equity 2.16× · Higher than 75% of peers

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/S (TTM) 0.01× · 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 100 · sector 0
FUTURE 0 · sector 57
PAST 0 · sector 26
HEALTH 0 · sector 97
DIVIDEND 0 · sector 44

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is Good Way Technology Co (3272) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 23.95 TWD versus a price of 14.20 TWD, about +69% (undervalued).
What is the fair value of 3272?
Our model-based fair value for Good Way Technology Co is 23.95 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 14.20 TWD.
What is the quality score of 3272?
Good Way Technology Co has a Quality Score of 34/100. 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 Good Way Technology Co (3272)?
Good Way Technology Co reported trailing-twelve-month revenue of about 2.8B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3272?
The net profit margin of Good Way Technology Co is about -21.0%, meaning it is currently running at a net loss. 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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