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Advanced Connection Technology Inc (3492) Fair Value & Analysis

Technology · TW · Market cap 792M TWD

AC Advanced Connection Technology Inc 3492 · TWO
Price21.95 TWD
Fair Value35.26 TWD
Upside+60.6%
Quality67/100
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Healthy Growth
Thin margins · 6.4% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Narrow moat 40/100
Evidence: High Range 26.53 TWD – 44.34 TWD Share as image

Fair value as of: Jul 21, 2026

From 25 valuation models · updated 20 days ago

Share price −5.4% over the past month.

A solid business, screening 61% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (26.53 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

34.65 TWD 15.76 TWD Fair Value 35.26 TWD Mar 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 15.76 TWD – 34.65 TWD · fair‑value band 26.53 TWD – 44.34 TWD · the 21.95 TWD price screens below the 35.26 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Advanced Connection Technology Inc (3492) currently trades at 21.95 TWD, while our model-based Fair Value estimate is 35.26 TWD, implying the stock looks roughly 60.6% undervalued today. The Quality Score stands at 67/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Advanced Connection Technology Inc generated revenue of 828M TWD at a net margin of 6.4%. Revenue declined 10.9% year over year. It earns a return on equity of 8.1%. The balance sheet holds a net cash position of 164M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 26.53 TWD (bear case) to 44.34 TWD (bull case); at 21.95 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 25% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 61%, 3492 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.

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
Growth DCF 22.74 TWD 27.14 TWD 32.25 TWD 80
Residual Income 15.14 TWD 16.36 TWD 18.58 TWD 76
Rev-Margin DCF 22.75 TWD 30.18 TWD 37.95 TWD 74
All 25 models by family
DCF Models
FCF DCF 22.43 TWD 27.18 TWD 32.91 TWD 38
Owner Earnings 28.28 TWD 34.89 TWD 42.84 TWD 31
5Y Revenue Exit 22.75 TWD 29.94 TWD 38.65 TWD 39
5Y EBITDA Exit 28.34 TWD 39.71 TWD 52.20 TWD 41
5Y P/E Exit 27.11 TWD 37.55 TWD 47.74 TWD 38
10Y Revenue Exit 22.08 TWD 28.03 TWD 35.10 TWD 36
10Y EBITDA Exit 25.65 TWD 34.00 TWD 43.97 TWD 37
10Y P/E Exit 24.95 TWD 32.68 TWD 41.05 TWD 35
Earnings-Based
Graham-Dodd 12.06 TWD 25.15 TWD 31.80 TWD 54
PEG = 1.0 3.72 TWD 5.32 TWD 6.92 TWD 46
EPV 20.65 TWD 22.45 TWD 23.96 TWD 59
Dividend Discount
Gordon GGM 7.77 TWD 10.84 TWD 13.67 TWD 70
DDM Multi-Stage 7.77 TWD 10.46 TWD 13.16 TWD 61
Multiples
P/E Multiple 26.60 TWD 35.47 TWD 44.34 TWD 63
P/S Multiple 22.61 TWD 30.15 TWD 37.69 TWD 58
P/B Multiple 22.61 TWD 30.15 TWD 37.69 TWD 55
EV/EBIT 32.24 TWD 40.52 TWD 48.80 TWD 53
EV/EBITDA 36.46 TWD 46.15 TWD 55.84 TWD 54
EV/Revenue 24.14 TWD 31.32 TWD 38.49 TWD 43
Asset-Based
NCAV (Graham) 9.18 TWD 12.30 TWD 18.36 TWD 50
Growth DCF
Growth DCF 22.74 TWD 27.14 TWD 32.25 TWD 80
Rev-Margin DCF 22.75 TWD 30.18 TWD 37.95 TWD 74
Economic Profit
Residual Income 15.14 TWD 16.36 TWD 18.58 TWD 76
ROIC Compounder 20.84 TWD 23.14 TWD 25.44 TWD 72
Growth Earnings
Growth-Adj P/E 19.54 TWD 27.92 TWD 36.29 TWD 68

Widest divergence: DCF Models (32.68 TWD) versus Dividend Discount (10.46 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 828M TWD
Revenue growth (YoY) -10.9%
Net margin 6.4%
Return on equity 8.1%
Free cash flow 61.6M TWD FY2025
P/E ratio 12.9
More key figures
Operating margin 5.6%
EPS (TTM) 1.76 TWD
EPS growth (YoY) -47.1%
Net cash 164M TWD FY2023

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

Quality Score breakdown

Overall quality 67/100

Of which business quality 67 · Market factors (momentum, volatility) 44

Profitability 47
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 83
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

Advanced Connection Technology Inc. engages in the design, manufacture, and sale of connectors and cable assemblies in Taiwan. Its connector products include USB type C, USB, HDMI, USCAR, and OBD connectors; and cable products comprise USB type C, USB, HDMI, USCAR, OBD, vehicle, din, power, RCA, and coaxial cables, as well as USB chargers.

Full company description

Advanced Connection Technology Inc. engages in the design, manufacture, and sale of connectors and cable assemblies in Taiwan. Its connector products include USB type C, USB, HDMI, USCAR, and OBD connectors; and cable products comprise USB type C, USB, HDMI, USCAR, OBD, vehicle, din, power, RCA, and coaxial cables, as well as USB chargers. The company also provides modules; antennas; and WATERPROOF, LVDS, PCBA, and power chargers. It serves the automotive, consumer electronics, medical, and aerospace industries. The company was founded in 1983 and is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Advanced Connection Technology Inc reported revenue of 852M TWD in FY2025 versus 749M TWD in FY2021, a compound +3.3%/yr. Reported net income was 63.0M TWD in FY2025, compounding +37.2%/yr from FY2021.

Growth Quality 63/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
852M TWD
Latest YoY
+4.7%
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.
+4.3%
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.
+4.7%
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.
−2.0%
Revenue +3.3%/yr
FY21 749M TWD
FY22 751M TWD
FY23 723M TWD
FY24 814M TWD
FY25 852M TWD
Net income +37.2%/yr
FY21 17.8M TWD
FY22 51.4M TWD
FY23 22.3M TWD
FY24 57.7M TWD
FY25 63.0M TWD

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Cite: Fair Value Calculator (2026). "Advanced Connection Technology Inc Fair Value". https://www.fairvalue-calculator.com/stock/3492

Peer Group

Electronic Components · 627 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 67 · Top 25%
Fair Value upside +61% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 6% · Below median
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 12.7× · Cheaper than 75% of peers
P/B 1.21× · Cheaper than median
P/S (TTM) 0.96× · Cheaper than median
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 6.5× · 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 100 · sector 0
FUTURE 0 · sector 32
PAST 32 · sector 24
HEALTH 100 · sector 95
DIVIDEND 0 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Advanced Connection Technology Inc (3492) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 35.26 TWD versus a price of 21.95 TWD, about +61% (undervalued).
What is the fair value of 3492?
Our model-based fair value for Advanced Connection Technology Inc is 35.26 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 21.95 TWD.
What is the quality score of 3492?
Advanced Connection Technology Inc has a Quality Score of 67/100. 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 Advanced Connection Technology Inc (3492)?
Advanced Connection Technology Inc reported trailing-twelve-month revenue of about 828M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3492?
The net profit margin of Advanced Connection Technology Inc is about 6.4%, meaning it keeps roughly 6.4% of revenue as net income. Based on the latest reported figures.

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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