Acula Technology (3434) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Acula Technology stock TWD 7.84, price TWD 29.05, that is 73.0% below the price, quality 28 out of 100. Rating: strongly overvalued. 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 3, 2026.
How to read this chart
60‑month range 11.98 TWD – 73.00 TWD · fair‑value band 5.64 TWD – 8.93 TWD · the 29.05 TWD price screens above the 7.84 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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ACULA Technology Corp. engages in the manufacturing, processing, import and export, and trading of various computer and peripheral equipment in Taiwan.
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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.
Stock analysis
Acula Technology (3434) currently trades at 29.05 TWD, while our model-based Fair Value estimate is 7.84 TWD, 73% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 14.54 TWD per share, and 1 of the 14 models we run sit above the 29.05 TWD price.
Bear case: the Dividend Discount group reads lowest at 4.41 TWD, and 13 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: 5.64 TWD (bear) to 8.93 TWD (bull), the price of 29.05 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 28/100 (below-average 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.
Acula Technology 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.
Key figures
Market cap 1.0B TWD (≈ $31.6M) Micro · P/E ratio 76.4 · P/S ratio 1.88 · EPS (TTM) 0.3800 TWD · Dividend yield 4.1% · Net margin 2.4% · Return on equity 2.8% · Return on assets (EBIT) 5.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −73%, 3434 screens richer than that median.
Fair Value models
Bear5.64 TWDFair Value 7.84 TWDBull8.93 TWD
Price 29.05 TWD · Downside -73.0%
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.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.
Best data coverage
Residual Income10.36 TWD10.29 TWD10.50 TWD76
EPV6.64 TWD7.68 TWD8.60 TWD74
ROIC Compounder6.64 TWD7.68 TWD8.60 TWD72
All 14 models by family
Earnings-Based
Graham-Dodd2.99 TWD3.65 TWD4.11 TWD67
EPV6.64 TWD7.68 TWD8.60 TWD74
Dividend Discount
Gordon GGM3.75 TWD4.11 TWD4.65 TWD69
DDM Multi-Stage3.75 TWD4.71 TWD6.05 TWD67
Multiples
P/E Multiple9.23 TWD12.30 TWD15.38 TWD63
P/S Multiple5.60 TWD7.47 TWD9.34 TWD58
P/B Multiple63.26 TWD84.34 TWD105.43 TWD55
EV/EBIT13.30 TWD18.08 TWD22.85 TWD66
EV/EBITDA12.32 TWD16.77 TWD21.21 TWD67
EV/Revenue6.21 TWD9.32 TWD12.42 TWD53
Asset-Based
NCAV (Graham)4.54 TWD6.87 TWD8.59 TWD54
Economic Profit
Residual Income10.36 TWD10.29 TWD10.50 TWD76
ROIC Compounder6.64 TWD7.68 TWD8.60 TWD72
Growth Earnings
Growth-Adj P/E6.46 TWD9.22 TWD11.99 TWD67
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.33/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−5.0%
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.
−3.3%
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.
+5.8%
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.
+0.2%
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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.
−7.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.9%
Dividend (yield on the price)4.1%
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.−2% → 4%
⚠ Revenue per share shrinking 6.3%/yr over ~6Y (margins intact) ⓘ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.
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.Computer Hardware · 213 stocks
Beats the industry median on 1/12 measures
Overall it trails its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside−73.0% · Bottom 25%
Profitability
Return on equity (12 months)2.8% · Below median
Return on assets2.2% · Below median
Net margin (12 months)2.4% · Below median
Operating margin (12 months)2.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)−17.0% · Bottom 25%
Dividend yield (12 months)4.1% · Above median
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (12 months)76.4× · Priciest 25%
P/B2.06× · Pricier than median
P/S (12 months)1.88× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 8
FUTURE (revenue growth)0· sector 84
PAST (return on equity)11· sector 33
HEALTH (low debt)92· sector 97
DIVIDEND (yield)83· sector 50
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). "Acula Technology Fair Value". https://www.fairvalue-calculator.com/stock/3434
Frequently asked questions
Is Acula Technology (3434) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 7.84 TWD versus a price of 29.05 TWD, about 73% lower (overvalued).
What is the fair value of 3434?
Our model-based fair value for Acula Technology is 7.84 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 29.05 TWD.
What is the quality score of 3434?
Acula Technology has a Quality Score of 28/100. 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 Acula Technology (3434)?
Our model-based price target is the fair value of 7.84 TWD (as of Nov 3, 2026) from 14 valuation models. Cautious scenario 5.64 TWD, optimistic scenario 8.93 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Acula Technology stock forecast for 2026?
Our models put fair value at 7.84 TWD, about 73% lower versus a price of 29.05 TWD (overvalued). Cautious scenario 5.64 TWD, optimistic scenario 8.93 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Acula Technology (3434)?
Acula Technology reported trailing-twelve-month revenue of about 551M TWD (latest available figure, as of Nov 3, 2026).
Does Acula Technology pay a dividend?
Acula Technology currently shows a dividend yield of 4.13% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Acula Technology (3434) and when is the ex-dividend date?
Acula Technology pays a dividend of 1.20 TWD per share a year, a dividend yield of 4.1%. The last ex-dividend date was Aug 24, 2026. A dividend has been paid every year since 2022. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Acula Technology (3434)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Acula Technology it is 7.84 TWD per share (as of Nov 3, 2026), against a price of 29.05 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 Acula Technology stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 3434 trades above its calculated fair value: price 29.05 TWD, fair value 7.84 TWD, a gap of about −73% (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 3434?
No. The price is what the market pays today (29.05 TWD); the fair value is what the company's own numbers justify (7.84 TWD). For Acula Technology the two are 21.21 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Acula Technology worth?
The market values Acula Technology at about 1.0B TWD (market capitalisation, as of Nov 3, 2026). Per share that is 29.05 TWD; our models calculate a fair value of 7.84 TWD per share.
What do the bullish and bearish scenarios say about 3434?
Our models span a range for Acula Technology: cautious scenario 5.64 TWD, base 7.84 TWD, optimistic 8.93 TWD per share (as of Nov 3, 2026, price 29.05 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3434?
Acula Technology trades at a price-to-earnings ratio of 76.4 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 7.84 TWD is built from several models across several years. Other multiples: P/B 2.1, P/S 1.9.
How solid is the balance sheet of Acula Technology (3434)?
Balance-sheet figures for Acula Technology (as of Nov 3, 2026): return on equity 2.8%, debt of 0.15 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is 3434 from its 52-week high?
Acula Technology trades at 29.05 TWD, about 19% below its 52-week high of 36.00 TWD and 4% above the low of 27.90 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 7.84 TWD is for.
Which stocks are comparable to Acula Technology?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, Seagate Technology Holdings, 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 Acula Technology stock attractive at the current price?
The data as of Nov 3, 2026: price 29.05 TWD, calculated fair value 7.84 TWD (−73%), Quality Score 28/100, 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 3434 calculated?
We run Acula Technology 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 7.84 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. Acula 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 Acula Technology (3434)?
The closing price on Nov 9, 2026 was 29.05 TWD. Our model-based fair value is 7.84 TWD, about 73% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Acula Technology right now?
The price sits above even our optimistic bull case (8.93 TWD). The favourable scenario is already priced in. Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Acula Technology
How large is the market capitalisation of Acula Technology (3434)?
The market capitalisation of Acula Technology is 1.0B TWD (≈ $31.6M). 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 Acula Technology (3434)?
The price-to-sales ratio of Acula Technology is 1.88 (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 Acula Technology (3434)?
Earnings per share at Acula Technology are 0.3800 TWD (price ÷ EPS = P/E 76.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Acula Technology (3434)?
The dividend yield of Acula Technology is 4.1%. 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 Acula Technology (3434)?
The net margin of Acula Technology is 2.4% (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 Acula Technology (3434)?
The return on equity (ROE) of Acula Technology is 2.8% (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 Acula Technology (3434)?
On an EBIT basis the return on assets of Acula Technology is 5.1% (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 Acula Technology (3434)?
The operating margin of Acula Technology is 2.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Acula Technology (3434)?
Revenue at Acula Technology is growing −17.0% versus a year earlier (3y avg −3.3%). 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 Acula Technology (3434)?
Earnings per share at Acula Technology are growing −86.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Acula Technology (3434) generate?
The free cash flow of Acula Technology is −57.7M 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 debt does Acula Technology (3434) carry?
The net debt of Acula Technology is 36.8M TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 3, 2026