Ways Technical Corp (3508) Fair Value & Analysis

Basic Materials · TW · Market cap 1.7B TWD

Below-average quality, and screening another 81% overvalued on our models.

What matters 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.

Price vs Fair Value (5 years)

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 15.70 TWD – 70.70 TWD · fair‑value band 2.43 TWD – 4.86 TWD · the 16.85 TWD price screens above the 3.26 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Ways Technical Corp (3508) currently trades at 16.85 TWD, while our model-based Fair Value estimate is 3.26 TWD, implying the stock looks roughly 80.7% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Ways Technical Corp generated revenue of 828M TWD at a net margin of -14.9%. Revenue grew 0.3% year over year. It earns a return on equity of -28.1%. Net debt stands at 350M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 2.43 TWD (bear case) to 4.86 TWD (bull case); at 16.85 TWD, the current price sits above 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 70% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -81%, 3508 screens richer 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.

Key figures & financial health

Quality Score breakdown

About the company

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ways Technical Corp 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.

3508 screens 81% overvalued. Compare with Linde plc →

Peer Group

Specialty Chemicals · 673 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.

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

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

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.