Answer Technology Co Ltd (3528) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Answer Technology Co Ltd stock TWD 41.11, price TWD 70.90, that is 42.0% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 38.63 TWD – 140.00 TWD · fair‑value band 30.93 TWD – 53.40 TWD · the 70.90 TWD price screens above the 41.11 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Answer Technology Co., Ltd. engages in the import, export, and trading of electronic parts in Taiwan, Asia, Europe, and internationally. It provides signal, analog, logic, and other integrated circuits. The company was founded in 2000 and is based in New Taipei City, Taiwan.
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Answer Technology Co., Ltd. operates as a subsidiary of Macnica Chungju Co., Ltd.
Stock analysis
Answer Technology Co Ltd (3528) currently trades at 70.90 TWD, while our model-based Fair Value estimate is 41.11 TWD, 42% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 71.02 TWD per share, and 5 of the 17 models we run sit above the 70.90 TWD price.
Bear case: the Asset-Based group reads lowest at 26.39 TWD, and 12 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: 30.93 TWD (bear) to 53.40 TWD (bull), the price of 70.90 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 47/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Answer Technology Co Ltd reported revenue of 9.0B TWD in FY2025 versus 6.3B TWD in FY2021, a compound +9.3%/yr. Reported net income was 153M TWD in FY2025, compounding −15.5%/yr from FY2021.
Key figures
Market cap 4.7B TWD (≈ $143M) Micro · P/E ratio 7.9 · P/S ratio 0.39 · EPS (TTM) 9.01 TWD · Dividend yield 1.9% · Net margin 5.0% · Return on equity 30.8% · Return on assets (EBIT) 6.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades about 49% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at −42%, 3528 screens richer than that median.
Fair Value models
Bear30.93 TWDFair Value 41.11 TWDBull53.40 TWD
Price 70.90 TWD · Downside -42.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (6.54 TWD per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.60/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+69.3%
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.
+12.5%
Start year 2020 (pandemic). Over 10 years: +10.7% a year
Revenue growth 16 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.
+9.3%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−4.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.2%
Dividend (yield on the price)1.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−6.2% vs −2.4%, slowing
Profit margin 2020 to 2025 ⓘ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.6% → 7%
Compare Answer Technology Co Ltd with another stock
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.Electronics & Computer Distribution · 149 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−42.0% · Bottom 25%
Profitability
Return on equity (12 months)30.8% · Top 25%
Return on assets1.7% · Below median
Net margin (12 months)5.0% · Top 25%
Operating margin (12 months)6.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)68.6% · Top 25%
Dividend yield (12 months)1.9% · Below median
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
P/E (12 months)7.9× · Cheapest 25%
P/B2.43× · Priciest 25%
P/S (12 months)0.39× · Cheaper than median
EV/EBITDA4.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 39
FUTURE (revenue growth)100· sector 76
PAST (return on equity)100· sector 41
HEALTH (low debt)0· sector 98
DIVIDEND (yield)39· sector 62
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Answer Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3528
Frequently asked questions
Is Answer Technology Co Ltd (3528) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 41.11 TWD versus a price of 70.90 TWD, about 42% lower (overvalued).
What is the fair value of 3528?
Our model-based fair value for Answer Technology Co Ltd is 41.11 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 70.90 TWD.
What is the quality score of 3528?
Answer Technology Co Ltd has a Quality Score of 47/100. 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 Answer Technology Co Ltd (3528)?
Our model-based price target is the fair value of 41.11 TWD (as of Nov 8, 2026) from 17 valuation models. Cautious scenario 30.93 TWD, optimistic scenario 53.40 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Answer Technology Co Ltd stock forecast for 2026?
Our models put fair value at 41.11 TWD, about 42% lower versus a price of 70.90 TWD (overvalued). Cautious scenario 30.93 TWD, optimistic scenario 53.40 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Answer Technology Co Ltd (3528)?
Answer Technology Co Ltd reported trailing-twelve-month revenue of about 12.0B TWD (latest available figure, as of Nov 8, 2026).
Does Answer Technology Co Ltd pay a dividend?
Answer Technology Co Ltd currently shows a dividend yield of 1.95% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Answer Technology Co Ltd (3528) and when is the ex-dividend date?
Answer Technology Co Ltd pays a dividend of 1.38 TWD per share a year, a dividend yield of 1.9%. The last ex-dividend date was Aug 27, 2026. The payout ratio is 15.3% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Answer Technology Co Ltd (3528)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Answer Technology Co Ltd it is 41.11 TWD per share (as of Nov 8, 2026), against a price of 70.90 TWD. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Answer Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 3528 trades above its calculated fair value: price 70.90 TWD, fair value 41.11 TWD, a gap of about −42% (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 3528?
No. The price is what the market pays today (70.90 TWD); the fair value is what the company's own numbers justify (41.11 TWD). For Answer Technology Co Ltd the two are 29.79 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Answer Technology Co Ltd worth?
The market values Answer Technology Co Ltd at about 4.7B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 70.90 TWD; our models calculate a fair value of 41.11 TWD per share.
What do the bullish and bearish scenarios say about 3528?
Our models span a range for Answer Technology Co Ltd: cautious scenario 30.93 TWD, base 41.11 TWD, optimistic 53.40 TWD per share (as of Nov 8, 2026, price 70.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3528?
Answer Technology Co Ltd trades at a price-to-earnings ratio of 7.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 41.11 TWD is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 13.1. Other multiples: P/B 2.4, P/S 0.4, EV/EBITDA 4.0.
How solid is the balance sheet of Answer Technology Co Ltd (3528)?
Balance-sheet figures for Answer Technology Co Ltd (as of Nov 8, 2026): return on equity 30.8%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 3528 from its 52-week high?
Answer Technology Co Ltd trades at 70.90 TWD, about 49% below its 52-week high of 140.00 TWD and 15% above the low of 61.80 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 41.11 TWD is for.
Which stocks are comparable to Answer Technology Co Ltd?
From the same area (Technology) we also value TD SYNNEX Corporation, Rexel S.A, Unisplendour Corporation, Arrow Electronics, 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 Answer Technology Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 70.90 TWD, calculated fair value 41.11 TWD (−42%), Quality Score 47/100, from 17 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 3528 calculated?
We run Answer Technology Co Ltd through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 41.11 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Answer Technology Co 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 Answer Technology Co Ltd (3528)?
The closing price on Nov 9, 2026 was 70.90 TWD. Our model-based fair value is 41.11 TWD, about 42% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Answer Technology Co Ltd right now?
The price sits above even our optimistic bull case (53.40 TWD). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Answer Technology Co Ltd (3528) come from?
Earnings per share at Answer Technology Co Ltd grew −0.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.0 %, EBIT margin −0.4 %, tax rate −0.4 %, residual (interest, one-offs) −7.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Answer Technology Co Ltd
How large is the market capitalisation of Answer Technology Co Ltd (3528)?
The market capitalisation of Answer Technology Co Ltd is 4.7B TWD (≈ $143M). 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 Answer Technology Co Ltd (3528)?
The price-to-sales ratio of Answer Technology Co Ltd is 0.39 (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 Answer Technology Co Ltd (3528)?
Earnings per share at Answer Technology Co Ltd are 9.01 TWD (price ÷ EPS = P/E 7.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Answer Technology Co Ltd (3528)?
The dividend yield of Answer Technology Co Ltd is 1.9% (payout 15.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Answer Technology Co Ltd (3528)?
The net margin of Answer Technology Co Ltd is 5.0% (last twelve months). 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 Answer Technology Co Ltd (3528)?
The return on equity (ROE) of Answer Technology Co Ltd is 30.8% (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 Answer Technology Co Ltd (3528)?
On an EBIT basis the return on assets of Answer Technology Co Ltd is 6.5% (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 Answer Technology Co Ltd (3528)?
The operating margin of Answer Technology Co Ltd is 6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Answer Technology Co Ltd (3528)?
Revenue at Answer Technology Co Ltd is growing +68.6% 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 Answer Technology Co Ltd (3528)?
Earnings per share at Answer Technology Co Ltd are growing +39.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Answer Technology Co Ltd (3528) generate?
The free cash flow of Answer Technology Co Ltd is −1.5B 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 Answer Technology Co Ltd (3528) carry?
The net debt of Answer Technology Co Ltd is 2.8B 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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Broad data
Nov 8, 2026