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Zen Voce Corporation (3581) Fair Value & Analysis

Technology · TW · Market cap 7.2B TWD

ZV Zen Voce Corporation 3581 · TWO
Price143.50 TWD
Fair Value15.85 TWD
Upside-89.0%
Quality58/100
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Evidence: Medium Range 12.08 TWD – 17.33 TWD

Fair value as of: Jul 9, 2026

From 16 valuation models · updated today

Share price −32.0% over the past month.

Price vs Fair Value (12 months)

280.00 TWD 30.43 TWD Fair Value 15.85 TWD Jun 2025 Jul 2026

12‑month range 30.43 TWD – 280.00 TWD · fair‑value band 12.08 TWD – 17.33 TWD · the 143.50 TWD price screens above the 15.85 TWD fair value. As of Jul 9, 2026.

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Analysis

Zen Voce Corporation (3581) currently trades at 143.50 TWD, while our model-based Fair Value estimate is 15.85 TWD — implying the stock looks roughly 89.0% overvalued today. We read business quality at 58/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Zen Voce Corporation generated revenue of 1.6B TWD at a net margin of 4.2%. Revenue grew 13.6% year over year. It earns a return on equity of 10.6%. The balance sheet holds a net cash position of 233M TWD. Fundamentals as of Jul 9, 2026

Our scenario range runs from 12.08 TWD (bear case) to 17.33 TWD (bull case); at 143.50 TWD, the current price sits above that range. The share trades about 52% below its 52-week high and 384% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -54% fair-value upside — at -89%, 3581 screens richer than that median.

Key figures & financial health

Revenue (TTM) 1.6B TWD
Revenue growth (YoY) +13.6%
Net margin 4.2%
Return on equity 10.6%
Free cash flow −28.6M TWD FY2025
P/E ratio 174.7
More key figures
Operating margin 6.2%
EPS (TTM) 0.8100 TWD
EPS growth (YoY) +12.6%
Net cash 233M TWD FY2023

Figures from reported company fundamentals (EODHD) · as of Jul 9, 2026. TTM = trailing twelve months.

About the company

Zen Voce Corporation manufactures, processes, maintains, and sells semiconductor packaging and testing equipment and fixtures in Taiwan, the United States, China, Singapore, and internationally. The company engages in the design and manufacturing of equipment, including IC packaging machines and bumping products, wafer cutting and cleaning machines, and board cutting and cleaning machines; and test products, such as wafer test probe card PCBs, IC test HIFIX and CHANG kits, SOCKET IC test products, IC handlers, and SOCKET IC burn-in test products. It also offers wafer and packaging dicing equipment, solder ball mounting equipment, consumables and accessories, logical and memory applications, and burn-ins; and optoelectronic assembly testing products. In addition, the company acts as an agent for semiconductor burn-in test connectors, MEMS equipment, solar equipment, and LCD inspection equipment. It exports its products. The company serves semiconductor, optoelectronics, …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zen Voce Corporation reported revenue of 1.6B TWD in FY2025 versus 1.3B TWD in FY2021, a compound +4.7%/yr. Reported net income was 41.1M TWD in FY2025, compounding −21.4%/yr from FY2021.

Revenue +4.7%/yr
FY21 1.3B TWD
FY22 1.5B TWD
FY23 1.5B TWD
FY24 1.4B TWD
FY25 1.6B TWD
Net income −21.4%/yr
FY21 108M TWD
FY22 64.1M TWD
FY23 27.9M TWD
FY24 30.8M TWD
FY25 41.1M TWD

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Cite: Fair Value Calculator (2026). "Zen Voce Corporation Fair Value". https://www.fairvalue-calculator.com/stock/3581

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Frequently asked questions

Is Zen Voce Corporation (3581) undervalued?
As of Jul 9, 2026, our model estimates a fair value of 15.85 TWD versus a price of 143.50 TWD — about −89% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 3581?
Our model-based fair value for Zen Voce Corporation is 15.85 TWD (as of Jul 9, 2026), built from audited fundamentals. The current price is 143.50 TWD.
What is the quality score of 3581?
Zen Voce Corporation has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Zen Voce Corporation (3581)?
Zen Voce Corporation reported trailing-twelve-month revenue of about 1.6B TWD (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 3581?
The net profit margin of Zen Voce Corporation is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.