Ways Technical Ltd (3508) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Ways Technical Ltd TWD 3.26, price TWD 26.20, upside -87.6%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Ways Technical Corp., Ltd., together with its subsidiaries, manufactures and processes plastic daily necessities, surface treatment products, and electronic components in Taiwan, Mainland China, and internationally.
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Ways Technical Corp., Ltd., together with its subsidiaries, manufactures and processes plastic daily necessities, surface treatment products, and electronic components in Taiwan, Mainland China, and internationally. The company offers tooling center, plastic and metal center, surface treatment center, assembly center, organic photovoltaics, energy storage solutions, and miniature supercapacitor services. It also provides daily necessities, water purifier materials, industrial products, and coatings; mechanical equipment; nanomaterials; mobile phone panels, molds, plastic products, and hardware products; and bamboo-based components. In addition, the company engages in research and experimental development activities. Ways Technical Corp., Ltd. was incorporated in 2001 and is based in Taoyuan City, Taiwan.
Stock analysis
Ways Technical Ltd (3508) currently trades at 26.20 TWD, while our model-based Fair Value estimate is 3.26 TWD, implying the stock looks roughly 703.9% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 90/100, which puts the evidence level at low.
Scenario range: 2.43 TWD (bear) to 4.86 TWD (bull), the price of 26.20 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 37/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Ways Technical Ltd reported revenue of 828M TWD in FY2025 versus 1.3B TWD in FY2021, a compound −11.2%/yr. Reported net income was −156M TWD in FY2025.
Key figures
Market cap 2.7B TWD (≈ $85.1M) · P/S ratio 2.60 · EPS (TTM) −0.9300 TWD · Net margin −18.8% · Return on equity −22.5% · Return on assets (EBIT) −6.2% · Operating margin −15.0% · Revenue (TTM) 823M TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 76% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −40% fair-value upside, at −88%, 3508 screens richer than that median.
Fair Value models
Bear 2.43 TWDFair Value 3.26 TWDBull 4.86 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.
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.6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+27.5%
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.
−11.8%
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.
−2.4%
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.
−5.5%
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Profit margin (trend) ⓘ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.
−33.5% (2020) → −22.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Specialty Chemicals · 712 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−88% · Bottom 25%
Profitability
Return on assets−4% · Bottom 25%
Net margin (TTM)−12% · Bottom 25%
Operating margin (TTM)−15% · Bottom 25%
Growth and dividend
Revenue growth−2% · Below median
Balance sheet
Debt / equity1.04× · Highest 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/B0.17× · Cheapest 25%
P/S (TTM)0.10× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 21
PAST (return on equity)0· sector 23
HEALTH (low debt)48· sector 95
DIVIDEND (yield)0· sector 29
VALUE 0: the price sits above our fair-value range.
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Is Ways Technical Ltd (3508) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3.26 TWD versus a price of 26.20 TWD, about −88% upside (overvalued).
What is the fair value of 3508?
Our model-based fair value for Ways Technical Ltd is 3.26 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 26.20 TWD.
What is the quality score of 3508?
Ways Technical Ltd has a Quality Score of 37/100. 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 Ways Technical Ltd (3508)?
Our model-based price target is the fair value of 3.26 TWD (as of Sep 24, 2026) from 1 valuation models. Cautious scenario 2.43 TWD, optimistic scenario 4.86 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ways Technical Ltd stock forecast for 2026?
Our models put fair value at 3.26 TWD, about −88% upside versus a price of 26.20 TWD (overvalued). Cautious scenario 2.43 TWD, optimistic scenario 4.86 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ways Technical Ltd (3508)?
Ways Technical Ltd reported trailing-twelve-month revenue of about 823M TWD (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Ways Technical Ltd (3508)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ways Technical Ltd it is 3.26 TWD per share (as of Sep 24, 2026), against a price of 26.20 TWD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Ways Technical Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3508 trades above its calculated fair value: price 26.20 TWD, fair value 3.26 TWD, a gap of about −88% (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 3508?
No. The price is what the market pays today (26.20 TWD); the fair value is what the company's own numbers justify (3.26 TWD). For Ways Technical Ltd the two are 22.94 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ways Technical Ltd worth?
The market values Ways Technical Ltd at about 2.7B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 26.20 TWD; our models calculate a fair value of 3.26 TWD per share.
What do the bullish and bearish scenarios say about 3508?
Our models span a range for Ways Technical Ltd: cautious scenario 2.43 TWD, base 3.26 TWD, optimistic 4.86 TWD per share (as of Sep 24, 2026, price 26.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ways Technical Ltd (3508)?
Balance-sheet figures for Ways Technical Ltd (as of Sep 24, 2026): return on equity −22.5%, debt of 1.04 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 3508 from its 52-week high?
Ways Technical Ltd trades at 26.20 TWD, about 50% below its 52-week high of 52.30 TWD and 76% above the low of 14.85 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 3.26 TWD is for.
Which stocks are comparable to Ways Technical Ltd?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, 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 Ways Technical Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 26.20 TWD, calculated fair value 3.26 TWD (−88%), Quality Score 37/100, from 1 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 3508 calculated?
We run Ways Technical Ltd through 1 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 3.26 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 14.0 % above its aggregate fair value. Ways Technical Ltd 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 Ways Technical Ltd (3508)?
The closing price on Sep 24, 2026 was 26.20 TWD. Our model-based fair value is 3.26 TWD, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ways Technical Ltd right now?
The price sits above even our optimistic bull case (4.86 TWD). The favourable scenario is already priced in. Weak quality (37/100) 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. A fairly wide model range (2.43 TWD to 4.86 TWD) leaves room in how you read the outcome.
Key figures of Ways Technical Ltd
How large is the market capitalisation of Ways Technical Ltd (3508)?
The market capitalisation of Ways Technical Ltd is 2.7B TWD (≈ $85.1M). 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 Ways Technical Ltd (3508)?
The price-to-sales ratio of Ways Technical Ltd is 2.60 (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 Ways Technical Ltd (3508)?
Earnings per share at Ways Technical Ltd are −0.9300 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ways Technical Ltd (3508)?
The net margin of Ways Technical Ltd is −18.8% (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 Ways Technical Ltd (3508)?
The return on equity (ROE) of Ways Technical Ltd is −22.5% (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 Ways Technical Ltd (3508)?
On an EBIT basis the return on assets of Ways Technical Ltd is −6.2% (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 Ways Technical Ltd (3508)?
The operating margin of Ways Technical Ltd is −15.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ways Technical Ltd (3508)?
Revenue at Ways Technical Ltd is growing −2.3% versus a year earlier (3y avg −11.8%). 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 Ways Technical Ltd (3508)?
Earnings per share at Ways Technical Ltd are growing +113% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ways Technical Ltd (3508) generate?
The free cash flow of Ways Technical Ltd is −101M 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 Ways Technical Ltd (3508) carry?
The net debt of Ways Technical Ltd is 350M 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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