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Advance Materials Corporation (3585) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Advance Materials Corporation TWD 6.46, price TWD 62.40, upside -89.7%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Technology · TW · ISIN TW0003585006

AM Thin data Sep 24, 2026

Advance Materials Corporation

3585 · TWO

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value 6.46 TWD · Strongly overvalued (−89.7%)
!Quality 55/100
!Weak Growth (revenue 5y −4.5 %/yr)
!Loss-making · -5.6% net margin (TTM)
!negative free cash flow
!Trails peers (3/9)
!Narrow moat 13/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

165.00 TWD 5.07 TWD Fair Value 6.46 TWD May 2021 Oct 2026

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 5.07 TWD – 165.00 TWD · fair‑value band 4.26 TWD – 8.07 TWD · the 62.40 TWD price screens above the 6.46 TWD fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Advance Materials Corporation manufactures and sells electronic components in Taiwan and Asia. The company offers low CTE non-flow prepreg, dry film solder mask, chip resistor protective ink, glass substrate, flexible printed circuit material, touchscreen, particular photoresist, and two-fluid type photoimageable solder resist.

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Advance Materials Corporation manufactures and sells electronic components in Taiwan and Asia. The company offers low CTE non-flow prepreg, dry film solder mask, chip resistor protective ink, glass substrate, flexible printed circuit material, touchscreen, particular photoresist, and two-fluid type photoimageable solder resist. It also provides copper clad laminate; optical materials, including electrical film, high purity acid/alkali sovents, developer, photoresistor, and release agent; printed circuit board related products; and mass lamination service. The company was founded in 1987 and is based in Taoyuan City, Taiwan.

Stock analysis

Advance Materials Corporation (3585) currently trades at 62.40 TWD, while our model-based Fair Value estimate is 6.46 TWD, 89.7% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 89/100, which puts the evidence level at low.

Scenario range: 4.26 TWD (bear) to 8.07 TWD (bull), the price of 62.40 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 55/100 (solid quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Advance Materials Corporation reported revenue of 432M TWD in FY2025 versus 618M TWD in FY2021, a compound −8.6%/yr. Reported net income was −39.2M TWD in FY2025.

Key figures

Market cap 7.0B TWD (≈ $219M) · P/S ratio 13.3 · EPS (TTM) −0.2100 TWD · Net margin −9.1% · Return on equity −1.9% · Return on assets (EBIT) −5.6% · Operating margin −10.2% · Revenue (TTM) 419M TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 62% below its 52-week high and 436% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −64% fair-value upside, at −90%, 3585 screens richer than that median.

Fair Value models

Bear 4.26 TWD Fair Value 6.46 TWD Bull 8.07 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. 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. 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.
Highest evidence
NCAV (Graham) 4.76 TWD 6.37 TWD 9.51 TWD 51
All 1 models by family
Asset-Based
NCAV (Graham) 4.76 TWD 6.37 TWD 9.51 TWD 51

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Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 51

Profitability 7
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+15.0%
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.
+2.3%
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.
−4.5%
Start year 2020 (pandemic). Over 10 years: −10.2% a year
Revenue growth 21 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.
−4.4%
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.
−6.8% (2020) → −12.6% (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

3585 screens overvalued: fair value 90% below the price. Compare with Amphenol Corporation →

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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.Electronic Components · 631 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 55 · Above median
Fair Value upside −89.6% · Bottom 25%
Profitability
Return on assets −2.5% · Bottom 25%
Net margin (TTM) −5.6% · Bottom 25%
Operating margin (TTM) −10.2% · Bottom 25%
Growth and dividend
Revenue growth −6.1% · Bottom 25%

Valuation Multiplesvs Electronic Components median · lower = cheaper

P/B 0.21× · Cheapest 25%
P/S (TTM) 0.52× · Cheapest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $84.30 $84.44 +0%
Delta Electronics, Inc 2308 1,910 TWD 519.57 TWD −73%
Corning Incorporated GLW $153.76 $33.52 −78%
Hon Hai Precision Industry Co 2317 250.50 TWD 293.60 TWD +17%
Samsung Electro-Mechanics Co 009150 1,507,000 KRW 171,572 KRW −89%
TE Connectivity plc TEL $218.59 $142.45 −35%
Luxshare Precision Industry Co 002475 ¥52.00 ¥18.59 −64%
Elite Material Co 2383 5,050 TWD 787.47 TWD −84%
Shengyi Technology Co 600183 ¥137.33 ¥66.42 −52%
Celestica Inc CLS $373.09 $106.95 −71%

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Cite: Fair Value Calculator (2026). "Advance Materials Corporation Fair Value". https://www.fairvalue-calculator.com/stock/3585

Frequently asked questions

Is Advance Materials Corporation (3585) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6.46 TWD versus a price of 62.40 TWD, about −90% upside (overvalued).
What is the fair value of 3585?
Our model-based fair value for Advance Materials Corporation is 6.46 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 62.40 TWD.
What is the quality score of 3585?
Advance Materials Corporation has a Quality Score of 55/100. 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 Advance Materials Corporation (3585)?
Our model-based price target is the fair value of 6.46 TWD (as of Sep 24, 2026) from 1 valuation models. Cautious scenario 4.26 TWD, optimistic scenario 8.07 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Advance Materials Corporation stock forecast for 2026?
Our models put fair value at 6.46 TWD, about −90% upside versus a price of 62.40 TWD (overvalued). Cautious scenario 4.26 TWD, optimistic scenario 8.07 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Advance Materials Corporation (3585)?
Advance Materials Corporation reported trailing-twelve-month revenue of about 419M TWD (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Advance Materials Corporation (3585)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Advance Materials Corporation it is 6.46 TWD per share (as of Sep 24, 2026), against a price of 62.40 TWD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Advance Materials Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3585 trades above its calculated fair value: price 62.40 TWD, fair value 6.46 TWD, a gap of about −90% (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 3585?
No. The price is what the market pays today (62.40 TWD); the fair value is what the company's own numbers justify (6.46 TWD). For Advance Materials Corporation the two are 55.94 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Advance Materials Corporation worth?
The market values Advance Materials Corporation at about 7.0B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 62.40 TWD; our models calculate a fair value of 6.46 TWD per share.
What do the bullish and bearish scenarios say about 3585?
Our models span a range for Advance Materials Corporation: cautious scenario 4.26 TWD, base 6.46 TWD, optimistic 8.07 TWD per share (as of Sep 24, 2026, price 62.40 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Advance Materials Corporation (3585)?
Balance-sheet figures for Advance Materials Corporation (as of Sep 24, 2026): return on equity −1.9%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 3585 from its 52-week high?
Advance Materials Corporation trades at 62.40 TWD, about 62% below its 52-week high of 165.00 TWD and 436% above the low of 11.65 TWD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 6.46 TWD is for.
Which stocks are comparable to Advance Materials Corporation?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Advance Materials Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 62.40 TWD, calculated fair value 6.46 TWD (−90%), Quality Score 55/100, from 1 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 3585 calculated?
We run Advance Materials Corporation through 1 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 6.46 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 14.5 % above its aggregate fair value. Advance Materials Corporation 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 Advance Materials Corporation (3585)?
The closing price on Oct 2, 2026 was 62.40 TWD. Our model-based fair value is 6.46 TWD, about −90% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Advance Materials Corporation right now?
The price sits above even our optimistic bull case (8.07 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (4.26 TWD to 8.07 TWD) leaves room in how you read the outcome.

Key figures of Advance Materials Corporation

How large is the market capitalisation of Advance Materials Corporation (3585)?
The market capitalisation of Advance Materials Corporation is 7.0B TWD (≈ $219M). 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 Advance Materials Corporation (3585)?
The price-to-sales ratio of Advance Materials Corporation is 13.3 (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 Advance Materials Corporation (3585)?
Earnings per share at Advance Materials Corporation are −0.2100 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Advance Materials Corporation (3585)?
The net margin of Advance Materials Corporation is −9.1% (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 Advance Materials Corporation (3585)?
The return on equity (ROE) of Advance Materials Corporation is −1.9% (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 Advance Materials Corporation (3585)?
On an EBIT basis the return on assets of Advance Materials Corporation is −5.6% (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 Advance Materials Corporation (3585)?
The operating margin of Advance Materials Corporation is −10.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Advance Materials Corporation (3585)?
Revenue at Advance Materials Corporation is growing −6.1% versus a year earlier (3y avg +2.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Advance Materials Corporation (3585) generate?
The free cash flow of Advance Materials Corporation is −56.5M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Advance Materials Corporation (3585) hold?
Advance Materials Corporation holds more cash than debt, 659M TWD net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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