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Arcadyan Technology Corporation (3596) Fair Value & Analysis

Technology · TW · Market cap 40.3B TWD

AT Arcadyan Technology Corporation 3596 · TW
Price178.50 TWD
Fair Value251.77 TWD
Upside+41.1%
Quality64/100
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Healthy Growth
Thin margins · 5.3% net margin
Low debt · generates free cash flow
5.06% dividend yield
Ranks above peers (12/14)
Moderate moat 47/100
Evidence: High Range 188.82 TWD – 314.71 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 19 days ago

Share price −8.7% over the past month.

A solid business, screening 41% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (188.82 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

249.50 TWD 77.14 TWD Fair Value 251.77 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 77.14 TWD – 249.50 TWD · fair‑value band 188.82 TWD – 314.71 TWD · the 178.50 TWD price screens below the 251.77 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Arcadyan Technology Corporation (3596) currently trades at 178.50 TWD, while our model-based Fair Value estimate is 251.77 TWD, implying the stock looks roughly 41.1% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Arcadyan Technology Corporation generated revenue of 53.1B TWD at a net margin of 5.3%. Revenue grew 0.6% year over year. It earns a return on equity of 18.0%. The balance sheet holds a net cash position of 4.5B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 188.82 TWD (bear case) to 314.71 TWD (bull case); at 178.50 TWD, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at 41%, 3596 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 187.99 TWD 297.44 TWD 474.79 TWD 80
Residual Income 82.46 TWD 103.62 TWD 247.71 TWD 76
Rev-Margin DCF 170.24 TWD 268.56 TWD 389.22 TWD 74
All 26 models by family
DCF Models
FCF DCF 187.28 TWD 301.28 TWD 487.95 TWD 38
Owner Earnings 176.78 TWD 283.57 TWD 458.44 TWD 31
5Y Revenue Exit 170.24 TWD 269.70 TWD 400.49 TWD 39
5Y EBITDA Exit 190.66 TWD 309.95 TWD 454.30 TWD 41
5Y P/E Exit 190.76 TWD 310.15 TWD 441.22 TWD 38
10Y Revenue Exit 169.99 TWD 264.56 TWD 400.35 TWD 36
10Y EBITDA Exit 187.97 TWD 293.32 TWD 443.50 TWD 37
10Y P/E Exit 188.03 TWD 293.47 TWD 433.00 TWD 35
Earnings-Based
Graham-Dodd 85.60 TWD 335.78 TWD 455.76 TWD 54
Lynch FV 82.74 TWD 118.20 TWD 153.67 TWD 50
PEG = 1.0 82.74 TWD 118.20 TWD 153.67 TWD 46
EPV 133.61 TWD 152.33 TWD 168.71 TWD 59
Dividend Discount
Gordon GGM 68.86 TWD 143.18 TWD 227.14 TWD 70
DDM Multi-Stage 68.86 TWD 120.73 TWD 150.27 TWD 61
Multiples
P/E Multiple 188.82 TWD 251.77 TWD 314.71 TWD 63
P/S Multiple 160.50 TWD 214.00 TWD 267.50 TWD 58
P/B Multiple 160.50 TWD 214.00 TWD 267.50 TWD 55
EV/EBIT 235.73 TWD 307.21 TWD 378.68 TWD 53
EV/EBITDA 209.95 TWD 272.83 TWD 335.71 TWD 54
EV/Revenue 165.84 TWD 227.79 TWD 289.73 TWD 43
Asset-Based
NCAV (Graham) 38.45 TWD 51.52 TWD 76.90 TWD 50
Growth DCF
Growth DCF 187.99 TWD 297.44 TWD 474.79 TWD 80
Rev-Margin DCF 170.24 TWD 268.56 TWD 389.22 TWD 74
Economic Profit
Residual Income 82.46 TWD 103.62 TWD 247.71 TWD 76
ROIC Compounder 145.92 TWD 184.90 TWD 233.75 TWD 72
Growth Earnings
Growth-Adj P/E 143.31 TWD 204.73 TWD 266.14 TWD 68

Widest divergence: DCF Models (293.32 TWD) versus Asset-Based (51.52 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 53.1B TWD
Revenue growth (YoY) +0.6%
Net margin 5.3%
Return on equity 18.0%
Free cash flow 3.0B TWD FY2025
P/E ratio 14.7
More key figures
Operating margin 6.4%
EPS (TTM) 12.43 TWD
Dividend yield 5.1%
EPS growth (YoY) +1.3%
Net cash 4.5B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 64 · Market factors (momentum, volatility) 48

Profitability 52
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 91
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Arcadyan Technology Corporation, together with its subsidiaries, primarily engages in the research, development, manufacture, and sale of broadband access, multimedia, and wireless infrastructure solutions.

Full company description

Arcadyan Technology Corporation, together with its subsidiaries, primarily engages in the research, development, manufacture, and sale of broadband access, multimedia, and wireless infrastructure solutions. The company provides wireless networking products, integrated access devices, digital home multimedia appliances, mobile broadband products, and wireless audiovisual products. It offers 5G solutions, such as 5G CPE and Small Cell products; broadband solutions; home wireless network solutions comprising Wi-Fi CPEs and extenders; home multimedia solutions that include set-top-boxes and voice assistant devices; and automotive solutions, such as 4G LTE /5G AI mobility connectivity solutions, 79GHz R151 turn assist radars, 77GHz radar sensing devices, and 3-in-1 vehicle antenna box/Wi Fi modules. In addition, the company is involved in the investment activities; and technical support services. It operates in Asia, Europe, the United States, and internationally. The company was incorporated in 2003 and is headquartered in Hsinchu City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Arcadyan Technology Corporation reported revenue of 53.0B TWD in FY2025 versus 38.2B TWD in FY2021, a compound +8.5%/yr. Reported net income was 2.8B TWD in FY2025, compounding +11.6%/yr from FY2021.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
53.0B TWD
Latest YoY
+8.2%
Avg. growth/yr (3Y)
+3.9%
Avg. growth/yr (5Y)
+9.4%
Avg. growth/yr (17Y)
+10.0%
Revenue +8.5%/yr
FY21 38.2B TWD
FY22 47.2B TWD
FY23 51.2B TWD
FY24 49.0B TWD
FY25 53.0B TWD
Net income +11.6%/yr
FY21 1.8B TWD
FY22 2.0B TWD
FY23 2.4B TWD
FY24 2.5B TWD
FY25 2.8B TWD

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Cite: Fair Value Calculator (2026). "Arcadyan Technology Corporation Fair Value". https://www.fairvalue-calculator.com/stock/3596

Peer Group

Communication Equipment · 290 stocks

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.

Quality Score 64 · Top 25%
Fair Value upside +41% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth 1% · Below median
Dividend yield (TTM) 5.1% · Top 25%

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 14.7× · Cheaper than 75% of peers
P/B 2.38× · Pricier than median
P/S (TTM) 0.76× · Cheaper than median
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 8.5× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 88 · sector 0
FUTURE 3 · sector 30
PAST 72 · sector 15
HEALTH 100 · sector 98
DIVIDEND 100 · sector 24

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is Arcadyan Technology Corporation (3596) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 251.77 TWD versus a price of 178.50 TWD, about +41% (undervalued).
What is the fair value of 3596?
Our model-based fair value for Arcadyan Technology Corporation is 251.77 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 178.50 TWD.
What is the quality score of 3596?
Arcadyan Technology Corporation has a Quality Score of 64/100. 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 revenue of Arcadyan Technology Corporation (3596)?
Arcadyan Technology Corporation reported trailing-twelve-month revenue of about 53.1B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3596?
The net profit margin of Arcadyan Technology Corporation is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. Based on the latest reported figures.
Does Arcadyan Technology Corporation pay a dividend?
Arcadyan Technology Corporation currently shows a dividend yield of about 4.97% relative to its recent price (as of Jul 21, 2026).

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.

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