AEWIN Technologies Co.Ltd. (3564) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of AEWIN Technologies Co.Ltd. stock TWD 18.16, price TWD 48.20, that is 62.3% below the price, quality 61 out of 100. Rating: strongly overvalued. Calculated from audited financials with 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 6, 2026.
How to read this chart
60‑month range 21.23 TWD – 126.64 TWD · fair‑value band 13.62 TWD – 22.70 TWD · the 48.20 TWD price screens above the 18.16 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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AEWIN Technologies Co.,Ltd. engages in the design, manufacture, and sale of network security-related products in Asia, the United States, and Europe.
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The company offers network appliances; general purpose and edge computing servers, and workstations; network expansion modules; functional modules; and standard PCIe cards, including network interface, QAT crypto acceleration, OCP QAT, and storage adapter cards.
It also provides workload optimization systems and Edge AI solutions; and ODM/OEM services. The company's products are used for network computing, software-defined wide area network, network functions virtualization infrastructure, multi-access edge computing/edge AI, and 5G/vRAN applications.
The company was founded in 1989 and is based in New Taipei City, Taiwan.
Stock analysis
AEWIN Technologies Co.Ltd. (3564) currently trades at 48.20 TWD, while our model-based Fair Value estimate is 18.16 TWD, 62% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 20.77 TWD per share, and 0 of the 26 models we run sit above the 48.20 TWD price.
Bear case: the Earnings-Based group reads lowest at 6.34 TWD, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 13.62 TWD (bear) to 22.70 TWD (bull), the price of 48.20 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 61/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
AEWIN Technologies Co.Ltd. reported revenue of 2.5B TWD in FY2025 versus 2.0B TWD in FY2021, a compound +5.5%/yr. Reported net income was 38.3M TWD in FY2025, compounding −3.7%/yr from FY2021.
Key figures
Market cap 2.8B TWD (≈ $86.8M) Micro · P/E ratio 141.8 · P/S ratio 1.06 · EPS (TTM) 0.3400 TWD · Dividend yield 0.6% · Net margin 0.8% · Return on equity 1.6% · Return on assets (EBIT) 3.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −62%, 3564 screens richer than that median.
Fair Value models
Bear13.62 TWDFair Value 18.16 TWDBull22.70 TWD
Price 48.20 TWD · Downside -62.3%
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 (0.0600 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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.3%
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.
+0.5%
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.
+7.2%
Start year 2020 (pandemic)
Revenue growth 6 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.
+8.7%
’19
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’25
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.
−3.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.3%
Dividend (yield on the price)0.6%
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.4% → 2%
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).
+30.5%
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 +28.5% a year for the price.
Compare AEWIN Technologies 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.Computer Hardware · 213 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−62.3% · Bottom 25%
Profitability
Return on equity (12 months)1.6% · Below median
Return on assets1.4% · Below median
Net margin (12 months)0.8% · Below median
Operating margin (12 months)4.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)18.0% · Above median
Dividend yield (12 months)0.6% · Bottom 25%
Balance sheet
Debt / equity0.35× · Highest 25%
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (12 months)141.8× · Priciest 25%
P/B2.05× · Pricier than median
P/S (12 months)1.06× · Cheaper than median
Price / free cash flow (fiscal year)33.8× · Pricier than median
EV/EBITDA38.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 8
FUTURE (revenue growth)90· sector 84
PAST (return on equity)6· sector 33
HEALTH (low debt)82· sector 97
DIVIDEND (yield)11· sector 50
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.
Is AEWIN Technologies Co.Ltd. (3564) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 18.16 TWD versus a price of 48.20 TWD, about 62% lower (overvalued).
What is the fair value of 3564?
Our model-based fair value for AEWIN Technologies Co.Ltd. is 18.16 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 48.20 TWD.
What is the quality score of 3564?
AEWIN Technologies Co.Ltd. has a Quality Score of 61/100. 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 AEWIN Technologies Co.Ltd. (3564)?
Our model-based price target is the fair value of 18.16 TWD (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 13.62 TWD, optimistic scenario 22.70 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the AEWIN Technologies Co.Ltd. stock forecast for 2026?
Our models put fair value at 18.16 TWD, about 62% lower versus a price of 48.20 TWD (overvalued). Cautious scenario 13.62 TWD, optimistic scenario 22.70 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of AEWIN Technologies Co.Ltd. (3564)?
AEWIN Technologies Co.Ltd. reported trailing-twelve-month revenue of about 2.7B TWD (latest available figure, as of Nov 6, 2026).
Does AEWIN Technologies Co.Ltd. pay a dividend?
AEWIN Technologies Co.Ltd. currently shows a dividend yield of 0.56% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of AEWIN Technologies Co.Ltd. (3564) and when is the ex-dividend date?
AEWIN Technologies Co.Ltd. pays a dividend of 0.27 TWD per share a year, a dividend yield of 0.6%. The last ex-dividend date was Jul 13, 2026. A dividend has been paid every year since 2020. The payout ratio is 79.4% of earnings. Free cash flow covers the dividend 5.28 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into AEWIN Technologies Co.Ltd. (3564)?
For today's price to be fair in a discounted-cash-flow model, AEWIN Technologies Co.Ltd. would have to grow free cash flow by +30.5 % per year for five years (discount rate 12.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.2 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 3564 use?
Our models discount AEWIN Technologies Co.Ltd. at 12.8 %: a base by market capitalisation (micro), damped by beta 0.84, 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 AEWIN Technologies Co.Ltd. that is +30.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.8 %) and the same formula as our fair value.
How much growth has AEWIN Technologies Co.Ltd. (3564) delivered so far?
Over the past 5 years revenue at AEWIN Technologies Co.Ltd. grew +7.2 % a year. The price currently implies free-cash-flow growth of +30.5 % 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 AEWIN Technologies Co.Ltd. (3564) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into AEWIN Technologies Co.Ltd. (+30.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AEWIN Technologies Co.Ltd. (3564)?
The free-cash-flow yield on the price is 2.96 %: that much free cash flow AEWIN Technologies Co.Ltd. produces per unit of market value. When it exceeds the discount rate of our models (12.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AEWIN Technologies Co.Ltd. (3564)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AEWIN Technologies Co.Ltd. it is 18.16 TWD per share (as of Nov 6, 2026), against a price of 48.20 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is AEWIN Technologies Co.Ltd. stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 3564 trades above its calculated fair value: price 48.20 TWD, fair value 18.16 TWD, a gap of about −62% (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 3564?
No. The price is what the market pays today (48.20 TWD); the fair value is what the company's own numbers justify (18.16 TWD). For AEWIN Technologies Co.Ltd. the two are 30.04 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is AEWIN Technologies Co.Ltd. worth?
The market values AEWIN Technologies Co.Ltd. at about 2.8B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 48.20 TWD; our models calculate a fair value of 18.16 TWD per share.
What do the bullish and bearish scenarios say about 3564?
Our models span a range for AEWIN Technologies Co.Ltd.: cautious scenario 13.62 TWD, base 18.16 TWD, optimistic 22.70 TWD per share (as of Nov 6, 2026, price 48.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3564?
AEWIN Technologies Co.Ltd. trades at a price-to-earnings ratio of 141.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 18.16 TWD is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 45.2. Other multiples: P/B 2.1, P/S 1.1, EV/EBITDA 38.5.
How solid is the balance sheet of AEWIN Technologies Co.Ltd. (3564)?
Balance-sheet figures for AEWIN Technologies Co.Ltd. (as of Nov 6, 2026): return on equity 1.6%, debt of 0.35 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 3564 from its 52-week high?
AEWIN Technologies Co.Ltd. trades at 48.20 TWD, about 36% below its 52-week high of 75.30 TWD and 22% above the low of 39.45 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 18.16 TWD is for.
Which stocks are comparable to AEWIN Technologies Co.Ltd.?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, 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 AEWIN Technologies Co.Ltd. stock attractive at the current price?
The data as of Nov 6, 2026: price 48.20 TWD, calculated fair value 18.16 TWD (−62%), Quality Score 61/100, from 26 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 3564 calculated?
We run AEWIN Technologies Co.Ltd. through 26 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 18.16 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. AEWIN Technologies Co.Ltd. 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 AEWIN Technologies Co.Ltd. (3564)?
The closing price on Nov 6, 2026 was 48.20 TWD. Our model-based fair value is 18.16 TWD, about 62% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AEWIN Technologies Co.Ltd. right now?
The price sits above even our optimistic bull case (22.70 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of AEWIN Technologies Co.Ltd.
How large is the market capitalisation of AEWIN Technologies Co.Ltd. (3564)?
The market capitalisation of AEWIN Technologies Co.Ltd. is 2.8B TWD (≈ $86.8M). 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 AEWIN Technologies Co.Ltd. (3564)?
The price-to-sales ratio of AEWIN Technologies Co.Ltd. is 1.06 (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 AEWIN Technologies Co.Ltd. (3564)?
Earnings per share at AEWIN Technologies Co.Ltd. are 0.3400 TWD (price ÷ EPS = P/E 141.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AEWIN Technologies Co.Ltd. (3564)?
The dividend yield of AEWIN Technologies Co.Ltd. is 0.6% (payout 79.4%). 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 AEWIN Technologies Co.Ltd. (3564)?
The net margin of AEWIN Technologies Co.Ltd. is 0.8% (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 AEWIN Technologies Co.Ltd. (3564)?
The return on equity (ROE) of AEWIN Technologies Co.Ltd. is 1.6% (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 AEWIN Technologies Co.Ltd. (3564)?
On an EBIT basis the return on assets of AEWIN Technologies Co.Ltd. is 3.6% (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 AEWIN Technologies Co.Ltd. (3564)?
The operating margin of AEWIN Technologies Co.Ltd. is 4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AEWIN Technologies Co.Ltd. (3564)?
Revenue at AEWIN Technologies Co.Ltd. is growing +18.0% versus a year earlier (3y avg +0.5%). 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 AEWIN Technologies Co.Ltd. (3564)?
Earnings per share at AEWIN Technologies Co.Ltd. are growing +20.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AEWIN Technologies Co.Ltd. (3564) carry?
The net debt of AEWIN Technologies Co.Ltd. is 293M TWD (fiscal year 2025, ≈ 3.5 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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Broad data
Nov 6, 2026