Favite Inc (3535) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of Favite Inc stock TWD 49.48, price TWD 93.90, upside -47.3%, quality 46 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Favite, Inc. engages in the manufacturing and sale of general instruments, precision instruments, and controlled telecommunication radio-frequency devices in Taiwan.
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The company offers advanced packaging and testing equipment, wafer AOI, and auto AI OM; micro LED and OLED AOI; FPD-LCD; and PCB and IC substrate products.
It is also involved in the provision of information software and software design services; investment activities; and sale of electronic components. Favite, Inc. was founded in 2000 and is headquartered in Zhubei, Taiwan.
Stock analysis
Favite Inc (3535) currently trades at 93.90 TWD, while our model-based Fair Value estimate is 49.48 TWD, 47.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 228.88 TWD per share, and 3 of the 8 models we run sit above the 93.90 TWD price.
Bear case: the DCF Models group reads lowest at 48.84 TWD, and 5 of the 8 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 36.71 TWD (bear) to 67.99 TWD (bull), the price of 93.90 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 46/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Favite Inc reported revenue of 460M TWD in FY2025 versus 1.4B TWD in FY2021, a compound −24.4%/yr. Reported net income was −84.3M TWD in FY2025.
Key figures
Market cap 7.4B TWD (≈ $228M) Micro · P/E ratio 54.3 · P/S ratio 8.40 · EPS (TTM) 1.73 TWD · Dividend yield 0.5% · Net margin 15.5% · Return on equity 13.0% · Return on assets (EBIT) 2.4%.
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 37% below its 52-week high and 40% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at −47%, 3535 screens richer than that median.
Fair Value models
Bear36.71 TWDFair Value 49.48 TWDBull67.99 TWD
Price 93.90 TWD · Upside -47.3%
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 (1.39 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.34/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−31.1%
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.
−32.2%
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.
−16.6%
Start year 2020 (pandemic). Over 10 years: −7.7% a year
Revenue growth 17 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.
−6.1%
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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.
−3.1% (2020) → −19.6% (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
not computed
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
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.Computer Hardware · 209 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−47.3% · Below median
Profitability
Return on equity (12 months)13.0% · Above median
Return on assets−5.1% · Bottom 25%
Net margin (12 months)15.5% · Top 25%
Operating margin (12 months)3.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)283.5% · Top 25%
Dividend yield (12 months)0.5% · Bottom 25%
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (12 months)54.3× · Priciest 25%
P/B7.18× · Priciest 25%
P/S (12 months)8.40× · Priciest 25%
EV/EBITDA74.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 65
PAST (return on equity)52· sector 33
HEALTH (low debt)92· sector 97
DIVIDEND (yield)11· sector 45
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). "Favite Inc Fair Value". https://www.fairvalue-calculator.com/stock/3535
Frequently asked questions
Is Favite Inc (3535) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of 49.48 TWD versus a price of 93.90 TWD, about −47% upside (overvalued).
What is the fair value of 3535?
Our model-based fair value for Favite Inc is 49.48 TWD (as of Oct 1, 2026), built from audited fundamentals. The current price: 93.90 TWD.
What is the quality score of 3535?
Favite Inc has a Quality Score of 46/100. 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 Favite Inc (3535)?
Our model-based price target is the fair value of 49.48 TWD (as of Oct 1, 2026) from 9 valuation models. Cautious scenario 36.71 TWD, optimistic scenario 67.99 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Favite Inc stock forecast for 2026?
Our models put fair value at 49.48 TWD, about −47% upside versus a price of 93.90 TWD (overvalued). Cautious scenario 36.71 TWD, optimistic scenario 67.99 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Favite Inc (3535)?
Favite Inc reported trailing-twelve-month revenue of about 885M TWD (latest available figure, as of Oct 1, 2026).
Does Favite Inc pay a dividend?
Favite Inc currently shows a dividend yield of 0.55% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Favite Inc (3535)?
For today's price to be fair in a discounted-cash-flow model, Favite Inc would have to grow free cash flow by more than 80 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -16.6 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of 3535 use?
Our models discount Favite Inc at 12.7 %: a base by market capitalisation (micro), damped by beta 0.83, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Favite Inc that is more than 80 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Favite Inc (3535) delivered so far?
Over the past 5 years revenue at Favite Inc grew -16.6 % a year. The price currently implies more than 80 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Favite Inc (3535) growing?
The median revenue growth in the sector is +10.7 % a year. That is the yardstick for the growth priced into Favite Inc (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Favite Inc (3535)?
The free-cash-flow yield on the price is 0.14 %: that much free cash flow Favite Inc produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Favite Inc (3535)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Favite Inc it is 49.48 TWD per share (as of Oct 1, 2026), against a price of 93.90 TWD. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Favite Inc stock overvalued or undervalued in 2026?
As of Oct 1, 2026, 3535 trades above its calculated fair value: price 93.90 TWD, fair value 49.48 TWD, a gap of about −47% (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 3535?
No. The price is what the market pays today (93.90 TWD); the fair value is what the company's own numbers justify (49.48 TWD). For Favite Inc the two are 44.42 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Favite Inc worth?
The market values Favite Inc at about 7.4B TWD (market capitalisation, as of Oct 1, 2026). Per share that is 93.90 TWD; our models calculate a fair value of 49.48 TWD per share.
What do the bullish and bearish scenarios say about 3535?
Our models span a range for Favite Inc: cautious scenario 36.71 TWD, base 49.48 TWD, optimistic 67.99 TWD per share (as of Oct 1, 2026, price 93.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3535?
Favite Inc trades at a price-to-earnings ratio of 54.3 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 49.48 TWD is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2016 to 2024), reported earnings: 15.4. Other multiples: P/B 7.2, P/S 8.4, EV/EBITDA 74.9.
How solid is the balance sheet of Favite Inc (3535)?
Balance-sheet figures for Favite Inc (as of Oct 1, 2026): return on equity 13.0%, debt of 0.17 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 3535 from its 52-week high?
Favite Inc trades at 93.90 TWD, about 37% below its 52-week high of 148.50 TWD and 40% above the low of 67.30 TWD (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of 49.48 TWD is for.
Which stocks are comparable to Favite Inc?
From the same area (Technology) we also value Dell Technologies Inc, Sandisk Corporation, Arista Networks, Inc, Seagate Technology Holdings, 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 Favite Inc stock attractive at the current price?
The data as of Oct 1, 2026: price 93.90 TWD, calculated fair value 49.48 TWD (−47%), Quality Score 46/100, from 9 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 3535 calculated?
We run Favite Inc through 9 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 49.48 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 13.9 % above its aggregate fair value. Favite Inc 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 Favite Inc (3535)?
The closing price on Oct 20, 2026 was 93.90 TWD. Our model-based fair value is 49.48 TWD, about −47% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Favite Inc right now?
The price sits above even our optimistic bull case (67.99 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (36.71 TWD to 67.99 TWD) leaves room in how you read the outcome.
Key figures of Favite Inc
How large is the market capitalisation of Favite Inc (3535)?
The market capitalisation of Favite Inc is 7.4B TWD (≈ $228M). 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 Favite Inc (3535)?
The price-to-sales ratio of Favite Inc is 8.40 (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 Favite Inc (3535)?
Earnings per share at Favite Inc are 1.73 TWD (price ÷ EPS = P/E 54.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Favite Inc (3535)?
The dividend yield of Favite Inc is 0.5% (payout 29.7%). 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 Favite Inc (3535)?
The net margin of Favite Inc is 15.5% (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 Favite Inc (3535)?
The return on equity (ROE) of Favite Inc is 13.0% (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 Favite Inc (3535)?
On an EBIT basis the return on assets of Favite Inc is 2.4% (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 Favite Inc (3535)?
The operating margin of Favite Inc is 3.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Favite Inc (3535)?
Revenue at Favite Inc is growing +284% versus a year earlier (3y avg −32.2%). 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 Favite Inc (3535)?
Earnings per share at Favite Inc are growing −50.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Favite Inc (3535) carry?
The net debt of Favite Inc is 140M TWD (fiscal year 2025, ≈ 13.6 yrs of FCF). 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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Oct 1, 2026