EN DE

Answer Technology Co (3528) Fair Value & Analysis

Technology · TW · Market cap 5.4B TWD

AT Answer Technology Co 3528 · TW
Price90.10 TWD
Fair Value35.58 TWD
Upside-60.5%
Quality47/100
Watch Answer Technology Co for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Thin margins · 1.9% net margin
negative free cash flow
1.64% dividend yield
Mixed vs. peers (5/12)
Narrow moat 35/100
Evidence: High Range 25.93 TWD – 50.79 TWD Share as image

Fair value as of: Jul 21, 2026

From 17 valuation models · updated 20 days ago

Share price −9.3% over the past month.

Below-average quality, and screening another 61% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (50.79 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (25.93 TWD to 50.79 TWD) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

140.00 TWD 34.89 TWD Fair Value 35.58 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 34.89 TWD – 140.00 TWD · fair‑value band 25.93 TWD – 50.79 TWD · the 90.10 TWD price screens above the 35.58 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Answer Technology Co (3528) currently trades at 90.10 TWD, while our model-based Fair Value estimate is 35.58 TWD, implying the stock looks roughly 60.5% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Technology 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: high).

Over the trailing twelve months, Answer Technology Co generated revenue of 10.7B TWD at a net margin of 1.9%. Revenue grew 102.9% year over year. It earns a return on equity of 10.4%. Net debt stands at 2.8B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 25.93 TWD (bear case) to 50.79 TWD (bull case); at 90.10 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 37% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -18% fair-value upside, at -61%, 3528 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.

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
Residual Income 23.97 TWD 25.63 TWD 28.03 TWD 76
Gordon GGM 26.35 TWD 52.51 TWD 79.52 TWD 70
Growth-Adj P/E 24.91 TWD 35.58 TWD 46.26 TWD 68
All 17 models by family
DCF Models
Owner Earnings 39.80 TWD 56.72 TWD 82.75 TWD 31
Earnings-Based
Graham-Dodd 15.61 TWD 57.34 TWD 77.41 TWD 54
Lynch FV 13.69 TWD 19.56 TWD 25.43 TWD 50
PEG = 1.0 13.69 TWD 19.56 TWD 25.43 TWD 46
EPV 87.34 TWD 99.23 TWD 109.48 TWD 59
Dividend Discount
Gordon GGM 26.35 TWD 52.51 TWD 79.52 TWD 70
DDM Multi-Stage 26.35 TWD 45.38 TWD 55.43 TWD 61
Multiples
P/E Multiple 34.44 TWD 45.92 TWD 57.40 TWD 63
P/S Multiple 29.27 TWD 39.03 TWD 48.79 TWD 58
P/B Multiple 29.27 TWD 39.03 TWD 48.79 TWD 55
EV/EBIT 136.28 TWD 177.70 TWD 219.12 TWD 53
EV/EBITDA 105.35 TWD 136.45 TWD 167.56 TWD 54
EV/Revenue 95.79 TWD 131.68 TWD 167.58 TWD 43
Asset-Based
NCAV (Graham) 14.48 TWD 19.41 TWD 28.97 TWD 50
Economic Profit
Residual Income 23.97 TWD 25.63 TWD 28.03 TWD 76
ROIC Compounder 92.23 TWD 110.85 TWD 131.16 TWD 67
Growth Earnings
Growth-Adj P/E 24.91 TWD 35.58 TWD 46.26 TWD 68

Widest divergence: DCF Models (56.72 TWD) versus Asset-Based (19.41 TWD). Highest evidence: Residual Income (76).

Notify me when 3528 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 10.7B TWD
Revenue growth (YoY) +103%
Net margin 1.9%
Return on equity 10.4%
Free cash flow −1.5B TWD FY2025
P/E ratio 35.6
More key figures
Operating margin 10.0%
EPS (TTM) 2.28 TWD
Dividend yield 1.6%
EPS growth (YoY) +39.5%
Net debt 2.8B TWD FY2025

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

Quality Score breakdown

Overall quality 47/100

Of which business quality 42 · Market factors (momentum, volatility) 55

Profitability 35
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 86
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

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. Answer Technology Co., Ltd. operates as a subsidiary of Macnica Chungju Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Answer Technology Co 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.

Growth Quality 55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
9.0B TWD
Latest YoY
+69.3%
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.
+11.8%
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.
+12.5%
Avg. growth/yr (16Y) 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.
+9.3%
Revenue +9.3%/yr
FY21 6.3B TWD
FY22 6.4B TWD
FY23 6.3B TWD
FY24 5.3B TWD
FY25 9.0B TWD
Net income −15.5%/yr
FY21 300M TWD
FY22 374M TWD
FY23 110M TWD
FY24 277M TWD
FY25 153M TWD
Character of growth · EPS growth decomposed (2014-2025) −0.7 % p.a.
Revenue per share +8.0 pp

of which total revenue +8.9 pp · buybacks/dilution −0.9 pp

EBIT margin −0.4 pp
Tax rate −0.4 pp
Residual (interest, one-offs) −7.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

3528 screens 61% overvalued. Compare with TD SYNNEX Corporation →

Share or link this analysis
For bloggers & editors: embed code + live data

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 Fair Value". https://www.fairvalue-calculator.com/stock/3528

Peer Group

Electronics & Computer Distribution · 151 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 47 · Bottom 25%
Fair Value upside −61% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) 10% · Top 25%
Revenue growth 103% · Top 25%
Dividend yield (TTM) 1.6% · Below median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 35.6× · Pricier than 75% of peers
P/B 2.80× · Pricier than 75% of peers
P/S (TTM) 0.50× · Pricier than median
EV/EBITDA 5.4× · Cheaper than median

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 · sector 14
FUTURE 100 · sector 57
PAST 42 · sector 36
HEALTH 0 · sector 98
DIVIDEND 33 · sector 39

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.

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Insight Enterprises, Inc NSIT $114.65 $104.19 -9%

Compare Answer Technology Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Answer Technology Co (3528) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 35.58 TWD versus a price of 90.10 TWD, about −61% (overvalued).
What is the fair value of 3528?
Our model-based fair value for Answer Technology Co is 35.58 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 90.10 TWD.
What is the quality score of 3528?
Answer Technology Co 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 revenue of Answer Technology Co (3528)?
Answer Technology Co reported trailing-twelve-month revenue of about 10.7B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3528?
The net profit margin of Answer Technology Co is about 1.9%, meaning it keeps roughly 1.9% 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.

14 days Pro free · no card

Track Answer Technology Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.