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ACULA Technology Corp (3434) Fair Value & Analysis

Technology · TW · Market cap 1.1B TWD

AT ACULA Technology Corp 3434 · TWO
Price31.55 TWD
Fair Value7.47 TWD
Upside-76.3%
Quality31/100
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Expensive Growth
Loss-making · -0.1% net margin
Low debt · negative free cash flow
4.15% dividend yield
Trails peers (4/13)
Narrow moat 24/100
Evidence: Medium Range 5.60 TWD – 7.47 TWD Share as image

Fair value as of: Jul 21, 2026

From 12 valuation models · updated 20 days ago

Share price +5.2% over the past month.

Below-average quality, and screening another 76% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (7.47 TWD). The favourable scenario is already priced in.
  • Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

73.00 TWD 11.93 TWD Fair Value 7.47 TWD Jan 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 11.93 TWD – 73.00 TWD · fair‑value band 5.60 TWD – 7.47 TWD · the 31.55 TWD price screens above the 7.47 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

ACULA Technology Corp (3434) currently trades at 31.55 TWD, while our model-based Fair Value estimate is 7.47 TWD, implying the stock looks roughly 76.3% overvalued today. The Quality Score stands at 31/100 (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, ACULA Technology Corp generated revenue of 579M TWD at a net margin of -0.1%. Revenue declined 49.1% year over year. It earns a return on equity of -0.1%. Net debt stands at 36.8M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 5.60 TWD (bear case) to 7.47 TWD (bull case); at 31.55 TWD, the current price sits above 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 42% below its 52-week high and 14% 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 -76%, 3434 screens richer 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
Residual Income 9.60 TWD 9.11 TWD 7.14 TWD 76
ROIC Compounder 5.63 TWD 6.35 TWD 6.95 TWD 72
Growth-Adj P/E 4.66 TWD 6.66 TWD 8.66 TWD 68
All 12 models by family
Earnings-Based
Graham-Dodd 2.99 TWD 3.65 TWD 4.11 TWD 54
EPV 5.63 TWD 6.35 TWD 6.95 TWD 59
Multiples
P/E Multiple 6.59 TWD 8.79 TWD 10.99 TWD 63
P/S Multiple 5.60 TWD 7.47 TWD 9.34 TWD 58
P/B Multiple 5.60 TWD 7.47 TWD 9.34 TWD 55
EV/EBIT 11.11 TWD 14.69 TWD 18.28 TWD 53
EV/EBITDA 10.00 TWD 13.22 TWD 16.43 TWD 54
EV/Revenue 7.61 TWD 10.71 TWD 13.82 TWD 43
Asset-Based
NCAV (Graham) 7.03 TWD 9.42 TWD 14.06 TWD 50
Economic Profit
Residual Income 9.60 TWD 9.11 TWD 7.14 TWD 76
ROIC Compounder 5.63 TWD 6.35 TWD 6.95 TWD 72
Growth Earnings
Growth-Adj P/E 4.66 TWD 6.66 TWD 8.66 TWD 68

Widest divergence: Asset-Based (9.42 TWD) versus Earnings-Based (3.65 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 579M TWD
Revenue growth (YoY) -49.1%
Net margin -0.1%
Return on equity -0.1%
Free cash flow −57.7M TWD FY2025
P/E ratio 65.9
More key figures
Operating margin -0.9%
EPS (TTM) 0.4600 TWD
Dividend yield 4.0%
EPS growth (YoY) -87.0%
Net debt 36.8M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 35 · Market factors (momentum, volatility) 39

Profitability 36
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 0
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

ACULA Technology Corp. engages in the manufacturing, processing, import and export, and trading of various computer and peripheral equipment in Taiwan. It offers touch computer and monitor, LCD, E-paper, healthcare, PVM, and medical; and OEM or ODM display products, as well as low-vision systems and point-of-sale computers.

Full company description

ACULA Technology Corp. engages in the manufacturing, processing, import and export, and trading of various computer and peripheral equipment in Taiwan. It offers touch computer and monitor, LCD, E-paper, healthcare, PVM, and medical; and OEM or ODM display products, as well as low-vision systems and point-of-sale computers. The company serves security surveillance, industrial, medical display, and health care sectors. ACULA Technology Corp. was founded in 1993 and is based in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ACULA Technology Corp reported revenue of 691M TWD in FY2025 versus 799M TWD in FY2021, a compound −3.6%/yr. Reported net income was 15.7M TWD in FY2025, compounding −4.2%/yr from FY2021.

Growth Quality 33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
691M TWD
Latest YoY
−5.0%
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.
−3.3%
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.
+5.8%
Avg. growth/yr (8Y) 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.
+0.2%
Revenue −3.6%/yr
FY21 799M TWD
FY22 765M TWD
FY23 628M TWD
FY24 728M TWD
FY25 691M TWD
Net income −4.2%/yr
FY21 18.6M TWD
FY22 40.3M TWD
FY23 14.9M TWD
FY24 46.7M TWD
FY25 15.7M TWD

3434 screens 76% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "ACULA Technology Corp Fair Value". https://www.fairvalue-calculator.com/stock/3434

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 31 · Bottom 25%
Fair Value upside −76% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) -0% · Below median
Operating margin (TTM) -1% · Below median
Revenue growth -49% · Bottom 25%
Dividend yield (TTM) 4.2% · Above median
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 64.2× · Pricier than 75% of peers
P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.06× · Cheaper than 75% of peers
EV/EBITDA 1.6× · 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 0 · sector 57
PAST 0 · sector 26
HEALTH 92 · sector 97
DIVIDEND 83 · sector 44

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

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 21, 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 ACULA Technology Corp (3434) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 7.47 TWD versus a price of 31.55 TWD, about −76% (overvalued).
What is the fair value of 3434?
Our model-based fair value for ACULA Technology Corp is 7.47 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 31.55 TWD.
What is the quality score of 3434?
ACULA Technology Corp has a Quality Score of 31/100. 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 ACULA Technology Corp (3434)?
ACULA Technology Corp reported trailing-twelve-month revenue of about 579M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3434?
The net profit margin of ACULA Technology Corp is about -0.1%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does ACULA Technology Corp pay a dividend?
ACULA Technology Corp currently shows a dividend yield of about 3.97% relative to its recent price (as of Jul 21, 2026).

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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