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Single Well Industrial Corporation (3490) Fair Value & Analysis

Technology · TW · Market cap 1.5B TWD

SW Single Well Industrial Corporation 3490 · TWO
Price31.60 TWD
Fair Value48.64 TWD
Upside+53.9%
Quality43/100
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Weak Growth
Highly profitable · 57.3% net margin
Low debt · negative free cash flow
1.81% dividend yield
Mixed vs. peers (4/10)
Narrow moat 36/100
Evidence: Medium Range 36.61 TWD – 61.19 TWD Share as image

Fair value as of: Jul 23, 2026

From 10 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 29.85 TWD to 48.64 TWD (+62.9%) since Jul 9, 2026. Share price +1.0% over the past month.

Below-average quality, screening 54% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (36.61 TWD). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

45.00 TWD 17.88 TWD Fair Value 48.64 TWD Mar 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 17.88 TWD – 45.00 TWD · fair‑value band 36.61 TWD – 61.19 TWD · the 31.60 TWD price screens below the 48.64 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Single Well Industrial Corporation (3490) currently trades at 31.60 TWD, while our model-based Fair Value estimate is 48.64 TWD, implying the stock looks roughly 53.9% undervalued today. The Quality Score stands at 43/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Single Well Industrial Corporation generated revenue of 257M TWD at a net margin of 57.3%. Revenue grew 1.9% year over year. It earns a return on equity of 11.4%. Net debt stands at 429M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 36.61 TWD (bear case) to 61.19 TWD (bull case); at 31.60 TWD, the current price sits below 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 29% below its 52-week high and 64% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at 54%, 3490 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (0.4600 TWD to 15.34 TWD). Read the values as a conservative anchor, not as a price target.
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 14.46 TWD 13.16 TWD 8.06 TWD 76
Gordon GGM 7.77 TWD 8.37 TWD 9.28 TWD 70
Growth-Adj P/E 0.5800 TWD 0.8300 TWD 1.08 TWD 68
All 10 models by family
Earnings-Based
Graham-Dodd 0.3700 TWD 0.4600 TWD 0.5100 TWD 54
Dividend Discount
Gordon GGM 7.77 TWD 8.37 TWD 9.28 TWD 70
DDM Multi-Stage 7.77 TWD 9.25 TWD 11.16 TWD 61
Multiples
P/E Multiple 0.8200 TWD 1.10 TWD 1.37 TWD 63
P/S Multiple 0.7000 TWD 0.9300 TWD 1.17 TWD 58
P/B Multiple 0.7000 TWD 0.9300 TWD 1.17 TWD 55
EV/EBITDA 2.99 TWD 4.69 TWD 6.38 TWD 54
Asset-Based
NCAV (Graham) 11.45 TWD 15.34 TWD 22.89 TWD 50
Economic Profit
Residual Income 14.46 TWD 13.16 TWD 8.06 TWD 76
Growth Earnings
Growth-Adj P/E 0.5800 TWD 0.8300 TWD 1.08 TWD 68

Widest divergence: Asset-Based (15.34 TWD) versus Earnings-Based (0.4600 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 257M TWD
Revenue growth (YoY) +1.9%
Net margin 57.3%
Return on equity 11.4%
Free cash flow −173M TWD FY2025
P/E ratio 644.0
More key figures
Operating margin -17.3%
EPS (TTM) 0.0500 TWD
Dividend yield 1.6%
EPS growth (YoY) +860%
Net debt 429M TWD FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 42 · Market factors (momentum, volatility) 70

Profitability 11
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 86
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

Single Well Industrial Corporation, together with its subsidiaries, designs, manufactures, processes, and sells packaging molds, automation equipment, and solar energy products in Taiwan, the United States, and Asia.

Full company description

Single Well Industrial Corporation, together with its subsidiaries, designs, manufactures, processes, and sells packaging molds, automation equipment, and solar energy products in Taiwan, the United States, and Asia. The company offers IC, TO/DO, chip resistance products, DIODE, SOT/SOD, LED, and EMC LED molds; and automated machineries, including automatic dispenser, auto loader, molding presses, de runner, automatic de-junk-trim machine, automatic singulator-forming machine, testing handler, HV testing handler, automatic laser machine, automatic taping system, manual die and jig, and automatic system. It also provides solar energy products, such as conventional, MGP, auto mold kit, and book mold; and engages in the operation of photovoltaic power stations. The company was founded in 1989 and is based in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Single Well Industrial Corporation reported revenue of 256M TWD in FY2025 versus 525M TWD in FY2021, a compound −16.5%/yr. Reported net income was 3.0M TWD in FY2025, compounding −60.5%/yr from FY2021.

Growth Quality 13/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
256M TWD
Latest YoY
−8.6%
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.
−21.6%
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.
−10.7%
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.
−5.9%
Revenue −16.5%/yr
FY21 525M TWD
FY22 531M TWD
FY23 345M TWD
FY24 280M TWD
FY25 256M TWD
Net income −60.5%/yr
FY21 125M TWD
FY22 119M TWD
FY23 51.8M TWD
FY24 91.1M TWD
FY25 3.0M TWD

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Cite: Fair Value Calculator (2026). "Single Well Industrial Corporation Fair Value". https://www.fairvalue-calculator.com/stock/3490

Peer Group

Semiconductor Equipment & Materials · 212 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 43 · Bottom 25%
Fair Value upside +54% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) 57% · Top 25%
Operating margin (TTM) -17% · Bottom 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 1.8% · Above median
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 548.0× · Pricier 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 10 · sector 58
PAST 46 · sector 30
HEALTH 89 · sector 96
DIVIDEND 36 · sector 16

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is Single Well Industrial Corporation (3490) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 48.64 TWD versus a price of 31.60 TWD, about +54% (undervalued).
What is the fair value of 3490?
Our model-based fair value for Single Well Industrial Corporation is 48.64 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 31.60 TWD.
What is the quality score of 3490?
Single Well Industrial Corporation has a Quality Score of 43/100. 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 Single Well Industrial Corporation (3490)?
Single Well Industrial Corporation reported trailing-twelve-month revenue of about 257M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3490?
The net profit margin of Single Well Industrial Corporation is about 57.3%, meaning it keeps roughly 57.3% of revenue as net income. Based on the latest reported figures.
Does Single Well Industrial Corporation pay a dividend?
Single Well Industrial Corporation currently shows a dividend yield of about 1.57% relative to its recent price (as of Jul 23, 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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