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Acula Technology (3434) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Acula Technology TWD 8.44, price TWD 31.60, upside -73.3%, quality 31 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · TW · ISIN TW0003434007

AT Thin data Sep 24, 2026

Acula Technology

3434 · TWO

Weakest SetupStrongly overvalued and low quality.

!Fair value 8.44 TWD · Strongly overvalued (−73%)
!Quality 31/100
!Weak Growth (revenue 5y +5.8 %/yr)
!Thin margins · 2.4% net margin (TTM)
!Low debt · negative free cash flow
·3.80% dividend yield
!Trails peers (1/12)
!Narrow moat 28/100
!Evidence only low, so the estimate is less certain
!Weak on past: 11 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

73.00 TWD 11.93 TWD Fair Value 8.44 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 11.93 TWD – 73.00 TWD · fair‑value band 7.85 TWD – 10.19 TWD · the 31.60 TWD price screens above the 8.44 TWD fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

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.

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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. 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 31.60 TWD, while our model-based Fair Value estimate is 8.44 TWD, implying the stock looks roughly 274.4% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 10.71 TWD per share, and 0 of the 12 models we run sit above the 31.60 TWD price.

Bear case: the Earnings-Based group reads lowest at 3.65 TWD, and 12 of the 12 models stay below the price. Evidence for this calculation is low.

Scenario range: 7.85 TWD (bear) to 10.19 TWD (bull), the price of 31.60 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 31/100 (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 1.1B TWD (≈ $35.5M) · P/E ratio 85.4 · P/S ratio 1.94 · EPS (TTM) 0.3700 TWD · Dividend yield 3.8% · Net margin 2.3% · Return on equity 2.8% · Return on assets (EBIT) 5.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).

What moves the price

The share trades about 12% below its 52-week high and 13% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −33% fair-value upside, at −73%, 3434 screens richer than that median.

Fair Value models

Bear 7.85 TWD Fair Value 8.44 TWD Bull 10.19 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
Highest evidence
Residual Income 10.06 TWD 9.71 TWD 8.10 TWD 76
EPV 6.35 TWD 7.29 TWD 8.11 TWD 74
ROIC Compounder 6.35 TWD 7.29 TWD 8.11 TWD 72
All 12 models by family
Earnings-Based
Graham-Dodd 2.99 TWD 3.65 TWD 4.11 TWD 67
EPV 6.35 TWD 7.29 TWD 8.11 TWD 74
Multiples
P/E Multiple 9.23 TWD 12.30 TWD 15.38 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 14.69 TWD 19.47 TWD 24.25 TWD 66
EV/EBITDA 13.71 TWD 18.16 TWD 22.61 TWD 67
EV/Revenue 7.61 TWD 10.71 TWD 13.82 TWD 54
Asset-Based
NCAV (Graham) 7.03 TWD 9.42 TWD 14.06 TWD 54
Economic Profit
Residual Income 10.06 TWD 9.71 TWD 8.10 TWD 76
ROIC Compounder 6.35 TWD 7.29 TWD 8.11 TWD 72
Growth Earnings
Growth-Adj P/E 6.46 TWD 9.22 TWD 11.99 TWD 67

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Quality Score breakdown

Overall quality 31/100

Of which business quality 35 · Market factors (momentum, volatility) 51

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 74
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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%
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.
−8.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.9%
Dividend (yield on the price)3.8%
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.

3434 screens 274% overvalued. Compare with Dell Technologies Inc →

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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 · 220 stocks

Beats the industry median on 1/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 31 · Bottom 25%
Fair Value upside −73% · Bottom 25%
Profitability
Return on equity (TTM) 3% · Below median
Return on assets 0% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 2% · Below median
Growth and dividend
Revenue growth −17% · Bottom 25%
Dividend yield (TTM) 3.8% · Above median
Balance sheet
Debt / equity 0.15× · Above median

Valuation Multiplesvs Computer Hardware median · lower = cheaper

P/E (TTM) 85.4× · Priciest 25%
P/B 2.26× · Pricier than median
P/S (TTM) 2.06× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 59
PAST (return on equity)11 · sector 26
HEALTH (low debt)92 · sector 97
DIVIDEND (yield)76 · sector 40

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

Context: sector, industry, market

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

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Dell Technologies Inc DELL $548.92 $195.72 −64%
Arista Networks, Inc ANET $203.47 $161.72 −21%
Western Digital Corporation WDC $473.69 $53.53 −89%
Wiwynn Corporation 6669 2,115 TWD 1,065 TWD −50%
Hangzhou Hikvision Digital Technology Co 002415 ¥33.18 ¥46.76 +41%
Quanta Computer Inc 2382 338.50 TWD 228.14 TWD −33%
Lenovo Group 0992 HK$36.92 HK$33.70 −9%
Dawning Information Industry Co 603019 ¥84.67 ¥35.54 −58%
Everpure, Inc P $110.89 $51.46 −54%
HP Inc HPQ $32.16 $51.90 +61%

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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 Sep 24, 2026, our model estimates a fair value of 8.44 TWD versus a price of 31.60 TWD, about −73% upside (overvalued).
What is the fair value of 3434?
Our model-based fair value for Acula Technology is 8.44 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 31.60 TWD.
What is the quality score of 3434?
Acula Technology 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 price target for Acula Technology (3434)?
Our model-based price target is the fair value of 8.44 TWD (as of Sep 24, 2026) from 12 valuation models. Cautious scenario 7.85 TWD, optimistic scenario 10.19 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 8.44 TWD, about −73% upside versus a price of 31.60 TWD (overvalued). Cautious scenario 7.85 TWD, optimistic scenario 10.19 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 Sep 24, 2026).
Does Acula Technology pay a dividend?
Acula Technology currently shows a dividend yield of about 3.80% relative to its recent price (as of Sep 24, 2026).
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 8.44 TWD per share (as of Sep 24, 2026), against a price of 31.60 TWD. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Acula Technology stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3434 trades above its calculated fair value: price 31.60 TWD, fair value 8.44 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 (31.60 TWD); the fair value is what the company's own numbers justify (8.44 TWD). For Acula Technology the two are 23.16 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 1.1B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 31.60 TWD; our models calculate a fair value of 8.44 TWD per share.
What do the bullish and bearish scenarios say about 3434?
Our models span a range for Acula Technology: cautious scenario 7.85 TWD, base 8.44 TWD, optimistic 10.19 TWD per share (as of Sep 24, 2026, price 31.60 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 85.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 8.44 TWD is built from several models across several years. Other multiples: P/B 2.3, P/S 2.1.
How solid is the balance sheet of Acula Technology (3434)?
Balance-sheet figures for Acula Technology (as of Sep 24, 2026): return on equity 2.8%, debt of 0.15 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is 3434 from its 52-week high?
Acula Technology trades at 31.60 TWD, about 12% below its 52-week high of 36.00 TWD and 13% above the low of 27.90 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 8.44 TWD is for.
Which stocks are comparable to Acula Technology?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Wiwynn Corporation, 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 Sep 24, 2026: price 31.60 TWD, calculated fair value 8.44 TWD (−73%), Quality Score 31/100, from 12 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 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 8.44 TWD, 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 13.0 % 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 Sep 24, 2026 was 31.60 TWD. Our model-based fair value is 8.44 TWD, about −73% upside (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 (10.19 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. 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 1.1B TWD (≈ $35.5M). 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 1.94 (P/E × margin). 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 0.3700 TWD (price ÷ EPS = P/E 85.4). 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 3.8%. 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 2.3% (fiscal year 2025). 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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