AimCore Technology Co Ltd (3615) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of AimCore Technology Co Ltd stock TWD 14.47, price TWD 31.45, that is 54.0% below the price, quality 65 out of 100. Rating: strongly overvalued. 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 9, 2026.
How to read this chart
60‑month range 14.65 TWD – 60.90 TWD · fair‑value band 11.99 TWD – 18.65 TWD · the 31.45 TWD price screens above the 14.47 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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AimCore Technology Co., Ltd processes, manufactures, processing, and sales of conductive glass related products in Taiwan and internationally. The company operates through two segments, Optoelectronic Information Products and Silicone Rubber Products.
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It offers touch panel ITO, TN/STN LCD ITO, black matrix, and color filter top ITO glass product for applications in LCD, touch, and organic ELD panels.
The company also processes, manufactures, and trades in specialty silicon chemicals; and offers optical and electronic materials; conducting glass; e-commerce trading platform. The company was founded in 2000 and is based in Hsinchu City, Taiwan.
Stock analysis
AimCore Technology Co Ltd (3615) currently trades at 31.45 TWD, while our model-based Fair Value estimate is 14.47 TWD, 54% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 17.30 TWD per share, and 0 of the 24 models we run sit above the 31.45 TWD price.
Bear case: the Earnings-Based group reads lowest at 5.06 TWD, and 24 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 11.99 TWD (bear) to 18.65 TWD (bull), the price of 31.45 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 65/100 (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.
AimCore Technology Co Ltd reported revenue of 928M TWD in FY2025 versus 1.3B TWD in FY2021, a compound −7.5%/yr. Reported net income was 56.4M TWD in FY2025, compounding −12.9%/yr from FY2021.
Key figures
Market cap 2.2B TWD (≈ $68.4M) Micro · P/E ratio 10.1 · P/S ratio 2.85 · EPS (TTM) 3.11 TWD · Dividend yield 2.2% · Net margin 27.1% · Return on equity 9.4% · Return on assets (EBIT) 2.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 48% 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 −54%, 3615 screens richer than that median.
Fair Value models
Bear11.99 TWDFair Value 14.47 TWDBull18.65 TWD
Price 31.45 TWD · Downside -54.0%
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 (2.07 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−9.1%
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.
−6.4%
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.
+3.1%
Start year 2020 (pandemic)
Revenue growth 8 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.
−0.7%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−10.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.8%
Dividend (yield on the price)2.2%
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.6% → 3%
2025 sits 858% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less 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).
−0.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −1.8% a year for the price.
Compare AimCore Technology 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.Electronic Components · 653 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−54.0% · Below median
Profitability
Return on equity (12 months)9.4% · Above median
Return on assets1.9% · Below median
Net margin (12 months)27.1% · Top 25%
Operating margin (12 months)−24.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−35.9% · Bottom 25%
Dividend yield (12 months)2.2% · Above median
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)10.1× · Cheapest 25%
P/B1.00× · Cheapest 25%
P/S (12 months)2.85× · Pricier than median
Price / free cash flow (fiscal year)15.6× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 70
PAST (return on equity)38· sector 28
HEALTH (low debt)93· sector 95
DIVIDEND (yield)45· sector 27
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.
Cite: Fair Value Calculator (2026). "AimCore Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3615
Frequently asked questions
Is AimCore Technology Co Ltd (3615) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 14.47 TWD versus a price of 31.45 TWD, about 54% lower (overvalued).
What is the fair value of 3615?
Our model-based fair value for AimCore Technology Co Ltd is 14.47 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 31.45 TWD.
What is the quality score of 3615?
AimCore Technology Co Ltd has a Quality Score of 65/100. 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 AimCore Technology Co Ltd (3615)?
Our model-based price target is the fair value of 14.47 TWD (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 11.99 TWD, optimistic scenario 18.65 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the AimCore Technology Co Ltd stock forecast for 2026?
Our models put fair value at 14.47 TWD, about 54% lower versus a price of 31.45 TWD (overvalued). Cautious scenario 11.99 TWD, optimistic scenario 18.65 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of AimCore Technology Co Ltd (3615)?
AimCore Technology Co Ltd reported trailing-twelve-month revenue of about 787M TWD (latest available figure, as of Nov 9, 2026).
Does AimCore Technology Co Ltd pay a dividend?
AimCore Technology Co Ltd currently shows a dividend yield of 2.23% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of AimCore Technology Co Ltd (3615) and when is the ex-dividend date?
AimCore Technology Co Ltd pays a dividend of 0.7 TWD per share a year, a dividend yield of 2.2%. The last ex-dividend date was Jul 16, 2026. The payout ratio is 22.5% of earnings. Free cash flow covers the dividend 3.00 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 AimCore Technology Co Ltd (3615)?
For today's price to be fair in a discounted-cash-flow model, AimCore Technology Co Ltd would have to grow free cash flow by -0.3 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.1 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 3615 use?
Our models discount AimCore Technology Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.48, 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 AimCore Technology Co Ltd that is -0.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has AimCore Technology Co Ltd (3615) delivered so far?
Over the past 5 years revenue at AimCore Technology Co Ltd grew +3.1 % a year. The price currently implies free-cash-flow growth of -0.3 % 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 AimCore Technology Co Ltd (3615) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into AimCore Technology Co Ltd (-0.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AimCore Technology Co Ltd (3615)?
The free-cash-flow yield on the price is 6.68 %: that much free cash flow AimCore Technology Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AimCore Technology Co Ltd (3615)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AimCore Technology Co Ltd it is 14.47 TWD per share (as of Nov 9, 2026), against a price of 31.45 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 AimCore Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 3615 trades above its calculated fair value: price 31.45 TWD, fair value 14.47 TWD, a gap of about −54% (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 3615?
No. The price is what the market pays today (31.45 TWD); the fair value is what the company's own numbers justify (14.47 TWD). For AimCore Technology Co Ltd the two are 16.98 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is AimCore Technology Co Ltd worth?
The market values AimCore Technology Co Ltd at about 2.2B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 31.45 TWD; our models calculate a fair value of 14.47 TWD per share.
What do the bullish and bearish scenarios say about 3615?
Our models span a range for AimCore Technology Co Ltd: cautious scenario 11.99 TWD, base 14.47 TWD, optimistic 18.65 TWD per share (as of Nov 9, 2026, price 31.45 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3615?
AimCore Technology Co Ltd trades at a price-to-earnings ratio of 10.1 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 14.47 TWD is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 34.2. Other multiples: P/B 1.0, P/S 2.9.
How solid is the balance sheet of AimCore Technology Co Ltd (3615)?
Balance-sheet figures for AimCore Technology Co Ltd (as of Nov 9, 2026): return on equity 9.4%, debt of 0.14 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 3615 from its 52-week high?
AimCore Technology Co Ltd trades at 31.45 TWD, about 48% below its 52-week high of 60.90 TWD and 48% above the low of 21.20 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 14.47 TWD is for.
Which stocks are comparable to AimCore Technology Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, 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 AimCore Technology Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 31.45 TWD, calculated fair value 14.47 TWD (−54%), Quality Score 65/100, 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 3615 calculated?
We run AimCore Technology Co Ltd 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 14.47 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. AimCore Technology 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 AimCore Technology Co Ltd (3615)?
The closing price on Nov 6, 2026 was 31.45 TWD. Our model-based fair value is 14.47 TWD, about 54% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AimCore Technology Co Ltd right now?
The price sits above even our optimistic bull case (18.65 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 (65/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of AimCore Technology Co Ltd
How large is the market capitalisation of AimCore Technology Co Ltd (3615)?
The market capitalisation of AimCore Technology Co Ltd is 2.2B TWD (≈ $68.4M). 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 AimCore Technology Co Ltd (3615)?
The price-to-sales ratio of AimCore Technology Co Ltd is 2.85 (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 AimCore Technology Co Ltd (3615)?
Earnings per share at AimCore Technology Co Ltd are 3.11 TWD (price ÷ EPS = P/E 10.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AimCore Technology Co Ltd (3615)?
The dividend yield of AimCore Technology Co Ltd is 2.2% (payout 22.5%). 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 AimCore Technology Co Ltd (3615)?
The net margin of AimCore Technology Co Ltd is 27.1% (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 AimCore Technology Co Ltd (3615)?
The return on equity (ROE) of AimCore Technology Co Ltd is 9.4% (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 AimCore Technology Co Ltd (3615)?
On an EBIT basis the return on assets of AimCore Technology Co Ltd is 2.5% (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 AimCore Technology Co Ltd (3615)?
The operating margin of AimCore Technology Co Ltd is −24.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AimCore Technology Co Ltd (3615)?
Revenue at AimCore Technology Co Ltd is growing −35.9% versus a year earlier (3y avg −6.4%). 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 AimCore Technology Co Ltd (3615)?
Earnings per share at AimCore Technology Co Ltd are growing +641% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does AimCore Technology Co Ltd (3615) hold?
AimCore Technology Co Ltd holds more cash than debt, 412M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 9, 2026