eGalax_eMPIA Technology (3556) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of eGalax_eMPIA Technology TWD 58.29, price TWD 57.50, upside +1.4%, quality 78 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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eGalax_eMPIA Technology Inc., together with its subsidiaries, engages in the designing, processing, manufacturing, and sale of integrated circuits (IC) in China, Taiwan, and internationally. The company operates in two segments, USB Audio/Video Control Chip/Module and Touch Panel Controller/Control Chip.
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eGalax_eMPIA Technology Inc., together with its subsidiaries, engages in the designing, processing, manufacturing, and sale of integrated circuits (IC) in China, Taiwan, and internationally. The company operates in two segments, USB Audio/Video Control Chip/Module and Touch Panel Controller/Control Chip. It offers projected capacitive touch, resistive touch, and surface capacitive touch, as well as accessories, such as cables. The company is also involved in wholesale and retail of electronic materials. Its products are used for industrial, commercial, consumer electronics, transportation, self-service, recreation medical, military, and IWB applications. The company was founded in 2002 and is headquartered in Taipei, Taiwan.
Stock analysis
eGalax_eMPIA Technology (3556) currently trades at 57.50 TWD, while our model-based Fair Value estimate is 58.29 TWD, implying the stock looks roughly 1.4% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 45.02 TWD per share, and 2 of the 24 models we run sit above the 57.50 TWD price.
Bear case: the Asset-Based group reads lowest at 12.40 TWD, and 22 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 48.89 TWD (bear) to 73.62 TWD (bull), the price of 57.50 TWD sits inside 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 78/100 (high quality), in the Technology sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
eGalax_eMPIA Technology reported revenue of 967M TWD in FY2025 versus 1.6B TWD in FY2021, a compound −12.0%/yr. Reported net income was 137M TWD in FY2025, compounding −22.2%/yr from FY2021.
Key figures
Market cap 4.1B TWD (≈ $129M) · P/E ratio 27.0 · P/S ratio 3.81 · EPS (TTM) 2.13 TWD · Dividend yield 3.4% · Net margin 14.1% · Return on equity 15.2% · Return on assets (EBIT) 13.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 60% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at 1%, 3556 screens cheaper than that median.
Fair Value models
Bear 48.89 TWDFair Value 58.29 TWDBull 73.62 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1322 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.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.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
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.
−6.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.7%
Dividend (yield on the price)3.4%
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.−10% vs −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.22% → 12%
Start year 2020 (pandemic)
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).
+8.8%
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 +7.1% a year for the price.
Compare eGalax_eMPIA Technology 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 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside+3% · Top 25%
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets5% · Above median
Net margin (TTM)18% · Top 25%
Operating margin (TTM)17% · Above median
Growth and dividend
Revenue growth23% · Above median
Dividend yield (TTM)3.4% · Top 25%
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). "eGalax_eMPIA Technology Fair Value". https://www.fairvalue-calculator.com/stock/3556
Frequently asked questions
Is eGalax_eMPIA Technology (3556) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 58.29 TWD versus a price of 57.50 TWD, about +1% upside (fairly valued).
What is the fair value of 3556?
Our model-based fair value for eGalax_eMPIA Technology is 58.29 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 57.50 TWD.
What is the quality score of 3556?
eGalax_eMPIA Technology has a Quality Score of 78/100. 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 eGalax_eMPIA Technology (3556)?
Our model-based price target is the fair value of 58.29 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 48.89 TWD, optimistic scenario 73.62 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the eGalax_eMPIA Technology stock forecast for 2026?
Our models put fair value at 58.29 TWD, about +1% upside versus a price of 57.50 TWD (fairly valued). Cautious scenario 48.89 TWD, optimistic scenario 73.62 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of eGalax_eMPIA Technology (3556)?
eGalax_eMPIA Technology reported trailing-twelve-month revenue of about 1.0B TWD (latest available figure, as of Sep 24, 2026).
Does eGalax_eMPIA Technology pay a dividend?
eGalax_eMPIA Technology currently shows a dividend yield of about 3.39% relative to its recent price (as of Sep 24, 2026).
What growth is priced into eGalax_eMPIA Technology (3556)?
For today's price to be fair in a discounted-cash-flow model, eGalax_eMPIA Technology would have to grow free cash flow by +8.8 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3556 use?
Our models discount eGalax_eMPIA Technology at 11.8 %: a base by market capitalisation (micro), damped by beta 0.40, 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 eGalax_eMPIA Technology that is +8.8 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has eGalax_eMPIA Technology (3556) delivered so far?
Over the past 5 years revenue at eGalax_eMPIA Technology grew -4.6 % a year. The price currently implies +8.8 % 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 eGalax_eMPIA Technology (3556) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into eGalax_eMPIA Technology (+8.8 % 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 eGalax_eMPIA Technology (3556)?
The free-cash-flow yield on the price is 5.79 %: that much free cash flow eGalax_eMPIA Technology produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of eGalax_eMPIA Technology (3556)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For eGalax_eMPIA Technology it is 58.29 TWD per share (as of Sep 24, 2026), against a price of 57.50 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is eGalax_eMPIA Technology stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3556 trades below its calculated fair value: price 57.50 TWD, fair value 58.29 TWD, a gap of about +1% (fairly valued). 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 3556?
No. The price is what the market pays today (57.50 TWD); the fair value is what the company's own numbers justify (58.29 TWD). For eGalax_eMPIA Technology the two are 0.7890 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is eGalax_eMPIA Technology worth?
The market values eGalax_eMPIA Technology at about 4.1B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 57.50 TWD; our models calculate a fair value of 58.29 TWD per share.
What do the bullish and bearish scenarios say about 3556?
Our models span a range for eGalax_eMPIA Technology: cautious scenario 48.89 TWD, base 58.29 TWD, optimistic 73.62 TWD per share (as of Sep 24, 2026, price 57.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3556?
eGalax_eMPIA Technology trades at a price-to-earnings ratio of 27.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 58.29 TWD is built from several models across several years. Other multiples: P/B 3.5, P/S 4.0, EV/EBITDA 24.4.
How solid is the balance sheet of eGalax_eMPIA Technology (3556)?
Balance-sheet figures for eGalax_eMPIA Technology (as of Sep 24, 2026): return on equity 15.2%. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is 3556 from its 52-week high?
eGalax_eMPIA Technology trades at 57.50 TWD, about 28% below its 52-week high of 80.40 TWD and 60% above the low of 35.85 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 58.29 TWD is for.
Which stocks are comparable to eGalax_eMPIA Technology?
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 eGalax_eMPIA Technology stock attractive at the current price?
The data as of Sep 24, 2026: price 57.50 TWD, calculated fair value 58.29 TWD (+1%), Quality Score 78/100, from 24 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 3556 calculated?
We run eGalax_eMPIA Technology through 24 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 58.29 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. eGalax_eMPIA Technology currently trades 1 % 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 eGalax_eMPIA Technology (3556)?
The closing price on Sep 24, 2026 was 57.50 TWD. Our model-based fair value is 58.29 TWD, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with eGalax_eMPIA Technology right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of eGalax_eMPIA Technology (3556) come from?
Earnings per share at eGalax_eMPIA Technology grew −0.3 % a year from 2012 to 2023. Broken into its drivers: revenue per share +3.2 %, EBIT margin −2.4 %, tax rate −0.1 %, residual (interest, one-offs) −0.8 %. 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 eGalax_eMPIA Technology
How large is the market capitalisation of eGalax_eMPIA Technology (3556)?
The market capitalisation of eGalax_eMPIA Technology is 4.1B TWD (≈ $129M). 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 eGalax_eMPIA Technology (3556)?
The price-to-sales ratio of eGalax_eMPIA Technology is 3.81 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of eGalax_eMPIA Technology (3556)?
Earnings per share at eGalax_eMPIA Technology are 2.13 TWD (price ÷ EPS = P/E 27.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of eGalax_eMPIA Technology (3556)?
The dividend yield of eGalax_eMPIA Technology is 3.4% (payout 91.5%). 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 eGalax_eMPIA Technology (3556)?
The net margin of eGalax_eMPIA Technology is 14.1% (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 eGalax_eMPIA Technology (3556)?
The return on equity (ROE) of eGalax_eMPIA Technology is 15.2% (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 eGalax_eMPIA Technology (3556)?
On an EBIT basis the return on assets of eGalax_eMPIA Technology is 13.3% (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 eGalax_eMPIA Technology (3556)?
The operating margin of eGalax_eMPIA Technology is 16.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at eGalax_eMPIA Technology (3556)?
Revenue at eGalax_eMPIA Technology is growing +23.1% versus a year earlier (3y avg −12.0%). 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 eGalax_eMPIA Technology (3556)?
Earnings per share at eGalax_eMPIA Technology are growing +189% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does eGalax_eMPIA Technology (3556) hold?
eGalax_eMPIA Technology holds more cash than debt, 417M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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