Microtips Technology (3285) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Microtips Technology stock TWD 19.65, price TWD 43.60, that is 54.9% below the price, quality 66 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 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 9, 2026.
How to read this chart
60‑month range 18.20 TWD – 51.20 TWD · fair‑value band 15.69 TWD – 23.80 TWD · the 43.60 TWD price screens above the 19.65 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Microtips Technology Inc. engages in research, development, processing, manufacturing, trading, and sales of digital audio products, liquid crystal display (LCD) modules, and finished and semi-finished products in Taiwan, the United States, China, and internationally.
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It offers musical instruments, such as effects testing machine, sounds amplifiers for professional recording studio and concert, digital musical instruments for audio studio, pub and club, digital audio processor, sound recorder, multichannel mixer, sound effects, and machine DSP amp.
The company also provides LCD modules for use in medical equipment, communication device, and industrial control; finger printer modules for notebooks and tablets; wireless chargers and modules for wearable devices, smart phones, tablets, notebooks, and other consumer products.
In addition, it offers EMS for COB, COG, SMD, and DIP process; and auto optical inspection and x-ray for PCBA assembly services. Microtips Technology Inc. was founded in 1984 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Microtips Technology (3285) currently trades at 43.60 TWD, while our model-based Fair Value estimate is 19.65 TWD, 55% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 21.85 TWD per share, and 0 of the 24 models we run sit above the 43.60 TWD price.
Bear case: the Dividend Discount group reads lowest at 8.23 TWD, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 15.69 TWD (bear) to 23.80 TWD (bull), the price of 43.60 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 66/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Microtips Technology reported revenue of 679M TWD in FY2025 versus 965M TWD in FY2021, a compound −8.4%/yr. Reported net income was 30.0M TWD in FY2025.
Key figures
Market cap 1.9B TWD (≈ $56.8M) Micro · P/E ratio 23.7 · P/S ratio 2.00 · EPS (TTM) 1.84 TWD · Dividend yield 1.1% · Net margin 8.5% · Return on equity 13.9% · Return on assets (EBIT) 1.5% (5-year average).
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 about 15% below its 52-week high and 63% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −55%, 3285 screens richer than that median.
Fair Value models
Bear15.69 TWDFair Value 19.65 TWDBull23.80 TWD
Price 43.60 TWD · Downside -54.9%
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 (1.15 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−19.7%
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.
−7.5%
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.
−6.5%
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.
−6.1%
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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.
≈ +12.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +10.9%
Dividend (yield on the price)1.1%
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.6% → 3%
⚠ Revenue per share shrinking 6.1%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.42 per share, median 1.14 in 2017 to 2018). It measures the recovery from the trough, not lasting growth.
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).
+24.4%
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 +22.4% 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.Electronic Components · 655 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−54.9% · Below median
Profitability
Return on equity (12 months)13.9% · Top 25%
Return on assets3.4% · Below median
Net margin (12 months)8.5% · Above median
Operating margin (12 months)8.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)100.9% · Top 25%
Dividend yield (12 months)1.1% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)23.7× · Cheaper than median
P/B3.09× · Pricier than median
P/S (12 months)2.00× · Cheaper than median
Price / free cash flow (fiscal year)43.8× · Pricier than median
EV/EBITDA18.0× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 69
PAST (return on equity)56· sector 28
HEALTH (low debt)100· sector 95
DIVIDEND (yield)23· sector 27
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). "Microtips Technology Fair Value". https://www.fairvalue-calculator.com/stock/3285
Frequently asked questions
Is Microtips Technology (3285) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 19.65 TWD versus a price of 43.60 TWD, about 55% lower (overvalued).
What is the fair value of 3285?
Our model-based fair value for Microtips Technology is 19.65 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 43.60 TWD.
What is the quality score of 3285?
Microtips Technology has a Quality Score of 66/100. 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 Microtips Technology (3285)?
Our model-based price target is the fair value of 19.65 TWD (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 15.69 TWD, optimistic scenario 23.80 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Microtips Technology stock forecast for 2026?
Our models put fair value at 19.65 TWD, about 55% lower versus a price of 43.60 TWD (overvalued). Cautious scenario 15.69 TWD, optimistic scenario 23.80 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Microtips Technology (3285)?
Microtips Technology reported trailing-twelve-month revenue of about 931M TWD (latest available figure, as of Nov 9, 2026).
Does Microtips Technology pay a dividend?
Microtips Technology currently shows a dividend yield of 1.15% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Microtips Technology (3285) and when is the ex-dividend date?
Microtips Technology pays a dividend of 0.5 TWD per share a year, a dividend yield of 1.1%. The last ex-dividend date was Jul 27, 2026. The payout ratio is 27.2% of earnings. Free cash flow covers the dividend 1.99 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Microtips Technology (3285)?
For today's price to be fair in a discounted-cash-flow model, Microtips Technology would have to grow free cash flow by +24.4 % 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 -6.5 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 3285 use?
Our models discount Microtips Technology at 11.8 %: a base by market capitalisation (micro), damped by beta 0.36, 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 Microtips Technology that is +24.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Microtips Technology (3285) delivered so far?
Over the past 5 years revenue at Microtips Technology grew -6.5 % a year. The price currently implies free-cash-flow growth of +24.4 % per 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 Microtips Technology (3285) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Microtips Technology (+24.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Microtips Technology (3285)?
The free-cash-flow yield on the price is 2.28 %: that much free cash flow Microtips Technology 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 Microtips Technology (3285)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Microtips Technology it is 19.65 TWD per share (as of Nov 9, 2026), against a price of 43.60 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Microtips Technology stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 3285 trades above its calculated fair value: price 43.60 TWD, fair value 19.65 TWD, a gap of about −55% (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 3285?
No. The price is what the market pays today (43.60 TWD); the fair value is what the company's own numbers justify (19.65 TWD). For Microtips Technology the two are 23.95 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Microtips Technology worth?
The market values Microtips Technology at about 1.9B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 43.60 TWD; our models calculate a fair value of 19.65 TWD per share.
What do the bullish and bearish scenarios say about 3285?
Our models span a range for Microtips Technology: cautious scenario 15.69 TWD, base 19.65 TWD, optimistic 23.80 TWD per share (as of Nov 9, 2026, price 43.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3285?
Microtips Technology trades at a price-to-earnings ratio of 23.7 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 19.65 TWD is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2017 to 2025), reported earnings: 35.9. Other multiples: P/B 3.1, P/S 2.0, EV/EBITDA 18.0.
How solid is the balance sheet of Microtips Technology (3285)?
Balance-sheet figures for Microtips Technology (as of Nov 9, 2026): return on equity 13.9%, debt of 0.01 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 3285 from its 52-week high?
Microtips Technology trades at 43.60 TWD, about 15% below its 52-week high of 51.20 TWD and 63% above the low of 26.75 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 19.65 TWD is for.
Which stocks are comparable to Microtips Technology?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, 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 Microtips Technology stock attractive at the current price?
The data as of Nov 9, 2026: price 43.60 TWD, calculated fair value 19.65 TWD (−55%), Quality Score 66/100, from 24 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 3285 calculated?
We run Microtips Technology through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 19.65 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. Microtips Technology 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 Microtips Technology (3285)?
The closing price on Nov 9, 2026 was 43.60 TWD. Our model-based fair value is 19.65 TWD, about 55% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Microtips Technology right now?
The price sits above even our optimistic bull case (23.80 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Microtips Technology
How large is the market capitalisation of Microtips Technology (3285)?
The market capitalisation of Microtips Technology is 1.9B TWD (≈ $56.8M). 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 Microtips Technology (3285)?
The price-to-sales ratio of Microtips Technology is 2.00 (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 Microtips Technology (3285)?
Earnings per share at Microtips Technology are 1.84 TWD (price ÷ EPS = P/E 23.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Microtips Technology (3285)?
The dividend yield of Microtips Technology is 1.1% (payout 27.2%). 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 Microtips Technology (3285)?
The net margin of Microtips Technology is 8.5% (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 Microtips Technology (3285)?
The return on equity (ROE) of Microtips Technology is 13.9% (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 Microtips Technology (3285)?
On an EBIT basis the return on assets of Microtips Technology is 1.5% (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 Microtips Technology (3285)?
The operating margin of Microtips Technology is 8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Microtips Technology (3285)?
Revenue at Microtips Technology is growing +101% versus a year earlier (3y avg −7.5%). 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 Microtips Technology (3285)?
Earnings per share at Microtips Technology are growing +12.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 9, 2026