eGalax_eMPIA Technology (3556) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of eGalax_eMPIA Technology stock TWD 51.25, price TWD 53.90, that is 4.9% below the price, quality 79 out of 100. Rating: fairly valued. Calculated from audited financials with 24 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 33.95 TWD – 88.64 TWD · fair‑value band 43.27 TWD – 61.97 TWD · the 53.90 TWD price screens above the 51.25 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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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.
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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 53.90 TWD, while our model-based Fair Value estimate is 51.25 TWD, so the stock looks roughly fairly valued today (gap 5.2%).
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Valuation
Bull case: the Multiples group reads highest at a median of 48.22 TWD per share, and 3 of the 24 models we run sit above the 53.90 TWD price.
Bear case: the Dividend Discount group reads lowest at 16.02 TWD, and 21 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 43.27 TWD (bear) to 61.97 TWD (bull), the price of 53.90 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 79/100 (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 3.4B TWD (≈ $105M) Micro · P/E ratio 14.7 · P/S ratio 3.15 · EPS (TTM) 3.66 TWD · Dividend yield 3.6% · Net margin 21.5% · Return on equity 18.8% · Return on assets (EBIT) 13.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 50% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −5%, 3556 screens cheaper than that median.
Fair Value models
Bear43.27 TWDFair Value 51.25 TWDBull61.97 TWD
Price 53.90 TWD · Downside -4.9%
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 (1.47 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.
Best data coverage
FCF DCF34.91 TWD40.98 TWD50.82 TWD80
Growth DCF35.49 TWD41.19 TWD49.74 TWD77
Residual Income15.49 TWD16.98 TWD19.22 TWD76
All 24 models by family
DCF Models
FCF DCF34.91 TWD40.98 TWD50.82 TWD80
Owner Earnings38.88 TWD45.96 TWD57.43 TWD75
5Y Revenue Exit30.06 TWD36.36 TWD45.51 TWD71
5Y EBITDA Exit36.27 TWD47.06 TWD61.41 TWD74
5Y P/E Exit42.60 TWD57.99 TWD76.40 TWD69
10Y Revenue Exit31.97 TWD36.38 TWD40.91 TWD66
10Y EBITDA Exit35.48 TWD42.03 TWD48.89 TWD67
10Y P/E Exit38.76 TWD47.80 TWD56.41 TWD63
Earnings-Based
Graham-Dodd14.59 TWD18.34 TWD20.80 TWD67
EPV22.14 TWD23.46 TWD24.54 TWD70
Dividend Discount
Gordon GGM14.37 TWD15.35 TWD16.78 TWD69
DDM Multi-Stage14.37 TWD16.68 TWD19.50 TWD67
Multiples
P/E Multiple45.06 TWD60.08 TWD75.10 TWD63
P/S Multiple27.36 TWD36.48 TWD45.59 TWD58
P/B Multiple83.30 TWD111.07 TWD138.84 TWD55
EV/EBIT38.12 TWD48.64 TWD59.16 TWD63
EV/EBITDA37.49 TWD47.80 TWD58.11 TWD64
EV/Revenue22.51 TWD29.35 TWD36.19 TWD52
Asset-Based
NCAV (Graham)10.88 TWD16.49 TWD20.61 TWD52
Growth DCF
Growth DCF35.49 TWD41.19 TWD49.74 TWD77
Rev-Margin DCF30.06 TWD37.04 TWD45.86 TWD71
Economic Profit
Residual Income15.49 TWD16.98 TWD19.22 TWD76
ROIC Compounder22.14 TWD23.76 TWD25.27 TWD70
Growth Earnings
Growth-Adj P/E31.52 TWD45.02 TWD58.53 TWD67
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.
−6.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.7%
Dividend (yield on the price)3.6%
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.−9.7% vs −4.3%, 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%
Pace: the 5-year rate starts in 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).
+9.0%
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 +7.3% 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 · 370 stocks
Beats the industry median on 13/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score79 · Top 25%
Fair Value upside−4.9% · Above median
Profitability
Return on equity (12 months)18.8% · Top 25%
Return on assets9.3% · Top 25%
Net margin (12 months)21.5% · Top 25%
Operating margin (12 months)18.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)25.1% · Above median
Dividend yield (12 months)3.6% · 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 Nov 8, 2026, our model estimates a fair value of 51.25 TWD versus a price of 53.90 TWD, about 5% lower (fairly valued).
What is the fair value of 3556?
Our model-based fair value for eGalax_eMPIA Technology is 51.25 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 53.90 TWD.
What is the quality score of 3556?
eGalax_eMPIA Technology has a Quality Score of 79/100. 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 51.25 TWD (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 43.27 TWD, optimistic scenario 61.97 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 51.25 TWD, about 5% lower versus a price of 53.90 TWD (fairly valued). Cautious scenario 43.27 TWD, optimistic scenario 61.97 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 1.1B TWD (latest available figure, as of Nov 8, 2026).
Does eGalax_eMPIA Technology pay a dividend?
eGalax_eMPIA Technology currently shows a dividend yield of 3.62% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of eGalax_eMPIA Technology (3556) and when is the ex-dividend date?
eGalax_eMPIA Technology pays a dividend of 1.95 TWD per share a year, a dividend yield of 3.6%. The last ex-dividend date was Jun 15, 2026. A dividend has been paid every year since at least 2009. The payout ratio is 53.3% of earnings. Free cash flow covers the dividend 1.71 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
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 +9.0 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.6 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 3556 use?
Our models discount eGalax_eMPIA Technology at 12.6 %: a base by market capitalisation (micro), damped by beta 0.80, 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 +9.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.6 %) 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 free-cash-flow growth of +9.0 % per 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 +11.5 % a year. That is the yardstick for the growth priced into eGalax_eMPIA Technology (+9.0 % per 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 6.17 %: that much free cash flow eGalax_eMPIA Technology produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), 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 51.25 TWD per share (as of Nov 8, 2026), against a price of 53.90 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is eGalax_eMPIA Technology stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 3556 trades above its calculated fair value: price 53.90 TWD, fair value 51.25 TWD, a gap of about −5% (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 (53.90 TWD); the fair value is what the company's own numbers justify (51.25 TWD). For eGalax_eMPIA Technology the two are 2.65 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 3.4B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 53.90 TWD; our models calculate a fair value of 51.25 TWD per share.
What do the bullish and bearish scenarios say about 3556?
Our models span a range for eGalax_eMPIA Technology: cautious scenario 43.27 TWD, base 51.25 TWD, optimistic 61.97 TWD per share (as of Nov 8, 2026, price 53.90 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 14.7 (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 51.25 TWD is built from several models across several years. Other multiples: P/B 2.9, P/S 3.2, EV/EBITDA 17.1.
How solid is the balance sheet of eGalax_eMPIA Technology (3556)?
Balance-sheet figures for eGalax_eMPIA Technology (as of Nov 8, 2026): return on equity 18.8%. They feed the Quality Score of 79/100, which measures business quality independently of the share price.
How far is 3556 from its 52-week high?
eGalax_eMPIA Technology trades at 53.90 TWD, about 33% below its 52-week high of 80.40 TWD and 50% above the low of 35.85 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 51.25 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, Micron Technology, 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 Nov 8, 2026: price 53.90 TWD, calculated fair value 51.25 TWD (−5%), Quality Score 79/100, 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 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 51.25 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. eGalax_eMPIA Technology 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 eGalax_eMPIA Technology (3556)?
The closing price on Nov 6, 2026 was 53.90 TWD. Our model-based fair value is 51.25 TWD, about 5% lower (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 upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
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 3.4B TWD (≈ $105M). 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 3.15 (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 eGalax_eMPIA Technology (3556)?
Earnings per share at eGalax_eMPIA Technology are 3.66 TWD (price ÷ EPS = P/E 14.7). 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 3.6% (payout 53.3%). 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 eGalax_eMPIA Technology (3556)?
The net margin of eGalax_eMPIA Technology is 21.5% (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 eGalax_eMPIA Technology (3556)?
The return on equity (ROE) of eGalax_eMPIA Technology is 18.8% (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 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 18.3% (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 +25.1% 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 +174% 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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Nov 8, 2026