FocalTech Systems Co Ltd (3545) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of FocalTech Systems Co Ltd TWD 56.84, price TWD 51.00, upside +11.5%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 42.35 TWD – 236.54 TWD · fair‑value band 52.40 TWD – 62.66 TWD · the 51.00 TWD price screens below the 56.84 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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FocalTech Systems Co., Ltd. provides human-machine interface solutions in Taiwan, Mainland China, and internationally. The company integrated driver controller (IDC); TFT-LCD panel driver IC; capacitive touch IC; fingerprint recognition IC and module; AMOLED panel driver IC; automotive and industrial control IC; and NB touch pad.
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FocalTech Systems Co., Ltd. provides human-machine interface solutions in Taiwan, Mainland China, and internationally. The company integrated driver controller (IDC); TFT-LCD panel driver IC; capacitive touch IC; fingerprint recognition IC and module; AMOLED panel driver IC; automotive and industrial control IC; and NB touch pad. It also provides LCD and AMODLED driver; LCD IDC/TDDI and AMOLED IDC/TDDI; touch controller; and fingerprint sensor products. FocalTech Systems Co., Ltd. was founded in 2005 and is based in Zhubei, Taiwan.
Stock analysis
FocalTech Systems Co Ltd (3545) currently trades at 51.00 TWD, while our model-based Fair Value estimate is 56.84 TWD, implying the stock looks roughly 10.3% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 26.77 TWD per share, and 0 of the 11 models we run sit above the 51.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 20.28 TWD, and 11 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 52.40 TWD (bear) to 62.66 TWD (bull), the price of 51.00 TWD sits below 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 53/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
FocalTech Systems Co Ltd reported revenue of 12.0B TWD in FY2025 versus 22.0B TWD in FY2021, a compound −14.1%/yr. Reported net income was −991M TWD in FY2025.
Key figures
Market cap 10.9B TWD (≈ $342M) · P/S ratio 0.90 · EPS (TTM) −4.64 TWD · Dividend yield 1.6% · Net margin −8.3% · Return on equity −12.1% · Return on assets (EBIT) 4.4% · Operating margin −5.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at 11%, 3545 screens cheaper than that median.
Fair Value models
Bear 52.40 TWDFair Value 56.84 TWDBull 62.66 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−17.8%
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.
−2.6%
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.
−2.8%
Start year 2020 (pandemic). Over 10 years: +0.4% a year
Revenue growth 19 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.
+7.8%
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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.
8.4% (2020) → −1.1% (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
The price assumes more growth than the company has delivered so far.
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).
+33.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +31.1% a year for the price.
Compare FocalTech Systems 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.Semiconductors · 339 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+12% · Top 25%
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−10% · Bottom 25%
Operating margin (TTM)−6% · Bottom 25%
Growth and dividend
Revenue growth−17% · Bottom 25%
Dividend yield (TTM)1.6% · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
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). "FocalTech Systems Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3545
Frequently asked questions
Is FocalTech Systems Co Ltd (3545) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 56.84 TWD versus a price of 51.00 TWD, about +11% upside (undervalued).
What is the fair value of 3545?
Our model-based fair value for FocalTech Systems Co Ltd is 56.84 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 51.00 TWD.
What is the quality score of 3545?
FocalTech Systems Co Ltd has a Quality Score of 53/100. 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 FocalTech Systems Co Ltd (3545)?
Our model-based price target is the fair value of 56.84 TWD (as of Sep 24, 2026) from 11 valuation models. Cautious scenario 52.40 TWD, optimistic scenario 62.66 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the FocalTech Systems Co Ltd stock forecast for 2026?
Our models put fair value at 56.84 TWD, about +11% upside versus a price of 51.00 TWD (undervalued). Cautious scenario 52.40 TWD, optimistic scenario 62.66 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of FocalTech Systems Co Ltd (3545)?
FocalTech Systems Co Ltd reported trailing-twelve-month revenue of about 11.4B TWD (latest available figure, as of Sep 24, 2026).
Does FocalTech Systems Co Ltd pay a dividend?
FocalTech Systems Co Ltd currently shows a dividend yield of about 1.57% relative to its recent price (as of Sep 24, 2026).
What growth is priced into FocalTech Systems Co Ltd (3545)?
For today's price to be fair in a discounted-cash-flow model, FocalTech Systems Co Ltd would have to grow free cash flow by +33.1 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3545 use?
Our models discount FocalTech Systems Co Ltd at 10.8 %: a base by market capitalisation (small), damped by beta 0.68, 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 FocalTech Systems Co Ltd that is +33.1 % per year a year over ten years, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has FocalTech Systems Co Ltd (3545) delivered so far?
Over the past 5 years revenue at FocalTech Systems Co Ltd grew -2.8 % a year. The price currently implies +33.1 % 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 FocalTech Systems Co Ltd (3545) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into FocalTech Systems Co Ltd (+33.1 % 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 FocalTech Systems Co Ltd (3545)?
The free-cash-flow yield on the price is 0.96 %: that much free cash flow FocalTech Systems Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of FocalTech Systems Co Ltd (3545)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FocalTech Systems Co Ltd it is 56.84 TWD per share (as of Sep 24, 2026), against a price of 51.00 TWD. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is FocalTech Systems Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3545 trades below its calculated fair value: price 51.00 TWD, fair value 56.84 TWD, a gap of about +11% (undervalued). 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 3545?
No. The price is what the market pays today (51.00 TWD); the fair value is what the company's own numbers justify (56.84 TWD). For FocalTech Systems Co Ltd the two are 5.84 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is FocalTech Systems Co Ltd worth?
The market values FocalTech Systems Co Ltd at about 10.9B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 51.00 TWD; our models calculate a fair value of 56.84 TWD per share.
What do the bullish and bearish scenarios say about 3545?
Our models span a range for FocalTech Systems Co Ltd: cautious scenario 52.40 TWD, base 56.84 TWD, optimistic 62.66 TWD per share (as of Sep 24, 2026, price 51.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 3545?
The PEG ratio of FocalTech Systems Co Ltd is 0.96 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of FocalTech Systems Co Ltd (3545)?
Balance-sheet figures for FocalTech Systems Co Ltd (as of Sep 24, 2026): return on equity −12.1%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 3545 from its 52-week high?
FocalTech Systems Co Ltd trades at 51.00 TWD, about 25% below its 52-week high of 67.90 TWD and 20% above the low of 42.35 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 56.84 TWD is for.
Which stocks are comparable to FocalTech Systems Co Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix 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 FocalTech Systems Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 51.00 TWD, calculated fair value 56.84 TWD (+11%), Quality Score 53/100, from 11 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 3545 calculated?
We run FocalTech Systems Co Ltd through 11 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 56.84 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 13.0 % above its aggregate fair value. FocalTech Systems Co Ltd currently trades 11 % below its own fair value, and the market average says nothing about that. 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 FocalTech Systems Co Ltd (3545)?
The closing price on Sep 24, 2026 was 51.00 TWD. Our model-based fair value is 56.84 TWD, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FocalTech Systems Co Ltd right now?
The price is below even our cautious bear case (52.40 TWD). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of FocalTech Systems Co Ltd (3545) come from?
Earnings per share at FocalTech Systems Co Ltd grew +9.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.8 %, EBIT margin −5.5 %, tax rate +1.0 %, residual (interest, one-offs) +13.3 %. 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 FocalTech Systems Co Ltd
How large is the market capitalisation of FocalTech Systems Co Ltd (3545)?
The market capitalisation of FocalTech Systems Co Ltd is 10.9B TWD (≈ $342M). 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 FocalTech Systems Co Ltd (3545)?
The price-to-sales ratio of FocalTech Systems Co Ltd is 0.90 (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 FocalTech Systems Co Ltd (3545)?
Earnings per share at FocalTech Systems Co Ltd are −4.64 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FocalTech Systems Co Ltd (3545)?
The dividend yield of FocalTech Systems Co Ltd is 1.6%. 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 FocalTech Systems Co Ltd (3545)?
The net margin of FocalTech Systems Co Ltd is −8.3% (fiscal year 2025). 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 FocalTech Systems Co Ltd (3545)?
The return on equity (ROE) of FocalTech Systems Co Ltd is −12.1% (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 FocalTech Systems Co Ltd (3545)?
On an EBIT basis the return on assets of FocalTech Systems Co Ltd is 4.4% (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 FocalTech Systems Co Ltd (3545)?
The operating margin of FocalTech Systems Co Ltd is −5.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FocalTech Systems Co Ltd (3545)?
Revenue at FocalTech Systems Co Ltd is growing −17.3% versus a year earlier (3y avg −2.6%). 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 FocalTech Systems Co Ltd (3545)?
Earnings per share at FocalTech Systems Co Ltd are growing −97.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does FocalTech Systems Co Ltd (3545) hold?
FocalTech Systems Co Ltd holds more cash than debt, 4.0B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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