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Macroblock, Inc (3527) Fair Value & Analysis

Technology · TW · Market cap 2.6B TWD

MI Macroblock, Inc 3527 · TWO
Price52.10 TWD
Fair Value82.61 TWD
Upside+58.6%
Quality60/100
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Weak Growth
Loss-making · -6.0% net margin
Low debt · generates free cash flow
1.85% dividend yield
Mixed vs. peers (6/11)
Narrow moat 14/100
Evidence: Medium Range 66.01 TWD – 99.21 TWD Share as image

Fair value as of: Jul 21, 2026

From 8 valuation models · updated 20 days ago

Share price −17.3% over the past month.

A solid business, screening 59% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (66.01 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (60/100) 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)

246.65 TWD 50.80 TWD Fair Value 82.61 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 50.80 TWD – 246.65 TWD · fair‑value band 66.01 TWD – 99.21 TWD · the 52.10 TWD price screens below the 82.61 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Macroblock, Inc (3527) currently trades at 52.10 TWD, while our model-based Fair Value estimate is 82.61 TWD, implying the stock looks roughly 58.6% undervalued today. The Quality Score stands at 60/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Macroblock, Inc generated revenue of 1.4B TWD at a net margin of -5.7%. Revenue declined 17.9% year over year. It earns a return on equity of -3.5%. Fundamentals as of Jul 21, 2026

Our scenario range runs from 66.01 TWD (bear case) to 99.21 TWD (bull case); at 52.10 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 30% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 59%, 3527 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 68.36 TWD 82.25 TWD 105.26 TWD 80
Rev-Margin DCF 64.35 TWD 81.98 TWD 103.64 TWD 74
NCAV (Graham) 25.38 TWD 34.01 TWD 50.76 TWD 50
All 8 models by family
DCF Models
FCF DCF 66.69 TWD 81.11 TWD 106.99 TWD 38
Owner Earnings 30.70 TWD 31.96 TWD 34.21 TWD 31
5Y Revenue Exit 64.35 TWD 81.03 TWD 105.26 TWD 39
10Y Revenue Exit 64.03 TWD 76.33 TWD 89.47 TWD 36
Multiples
EV/Revenue 66.01 TWD 82.61 TWD 99.21 TWD 43
Asset-Based
NCAV (Graham) 25.38 TWD 34.01 TWD 50.76 TWD 50
Growth DCF
Growth DCF 68.36 TWD 82.25 TWD 105.26 TWD 80
Rev-Margin DCF 64.35 TWD 81.98 TWD 103.64 TWD 74

Widest divergence: Multiples (82.61 TWD) versus Asset-Based (34.01 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.4B TWD
Revenue growth (YoY) -11.0%
Net margin -6.0%
Return on equity -3.7%
Free cash flow 189M TWD FY2025
Operating margin -1.5%
More key figures
EPS (TTM) -1.84 TWD
Dividend yield 1.9%
EPS growth (YoY) -87.1%

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 62 · Market factors (momentum, volatility) 32

Profitability 18
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 82
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

Macroblock, Inc. engages in the research and development, manufacture, testing, and sale of LED driver integrated circuits in China, the United States, Europe, Taiwan, Asia, and internationally. The company operates through Integrated Circuits, Controllers, Drivers, and Other segments.

Full company description

Macroblock, Inc. engages in the research and development, manufacture, testing, and sale of LED driver integrated circuits in China, the United States, Europe, Taiwan, Asia, and internationally. The company operates through Integrated Circuits, Controllers, Drivers, and Other segments. It offers automotive lighting and display, local dimming backlight, RGB lighting, DC/DC controller and converter, and linear regulator LED lighting driver integrated circuits. The company also provides IOT technology solutions, such as facial recognition, business intelligence analytics, and content management systems for shopping mall, retail, and supermarket sectors. In addition, it offers comprehensive module solutions, comprising micro-LED and mini-LED basics, and Vantamini; and LED display and lighting technologies. Macroblock, Inc. was founded in 1988 and is headquartered in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Macroblock, Inc reported revenue of 1.4B TWD in FY2025 versus 3.2B TWD in FY2021, a compound −17.8%/yr. Reported net income was −81.8M TWD in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.4B TWD
Latest YoY
−19.2%
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.
−17.0%
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.
−5.3%
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.
−7.6%
Revenue −17.8%/yr
FY21 3.2B TWD
FY22 2.5B TWD
FY23 1.9B TWD
FY24 1.8B TWD
FY25 1.4B TWD
Net income
FY21 564M TWD
FY22 286M TWD
FY23 −12.3M TWD
FY24 12.6M TWD
FY25 −81.8M TWD

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Cite: Fair Value Calculator (2026). "Macroblock, Inc Fair Value". https://www.fairvalue-calculator.com/stock/3527

Peer Group

Semiconductors · 318 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 60 · Above median
Fair Value upside +59% · Top 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -2% · Below median
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 1.9% · Above median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/S (TTM) 0.06× · Cheaper than 75% of peers
P/FCF 0.4× · 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 60
PAST 0 · sector 25
HEALTH 100 · sector 97
DIVIDEND 37 · sector 22

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

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Macroblock, Inc (3527) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 82.61 TWD versus a price of 52.10 TWD, about +59% (undervalued).
What is the fair value of 3527?
Our model-based fair value for Macroblock, Inc is 82.61 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 52.10 TWD.
What is the quality score of 3527?
Macroblock, Inc has a Quality Score of 60/100. 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 Macroblock, Inc (3527)?
Macroblock, Inc reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3527?
The net profit margin of Macroblock, Inc is about -5.7%, meaning it is currently running at a net loss. 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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