Taimide Tech Inc (3645) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Taimide Tech Inc TWD 52.06, price TWD 73.30, upside -29.0%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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 28.60 TWD – 117.50 TWD · fair‑value band 39.04 TWD – 65.08 TWD · the 73.30 TWD price screens above the 52.06 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Taimide Tech. Inc., together with its subsidiaries, engages in the manufacture and sale of polyamide films in Taiwan, Mainland China, South Korea, Japan, the United States, and internationally. The company offers polyamide films and flexible copper foil substrates.
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Taimide Tech. Inc., together with its subsidiaries, engages in the manufacture and sale of polyamide films in Taiwan, Mainland China, South Korea, Japan, the United States, and internationally. The company offers polyamide films and flexible copper foil substrates. It also engages in the investment business; trade, wholesale, manufacture, and sale of electronic components and materials; wholesale of hair products and chemicals; and surface treatment of electronic materials. The company was founded in 1989 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Taimide Tech Inc (3645) currently trades at 73.30 TWD, while our model-based Fair Value estimate is 52.06 TWD, implying the stock looks roughly 40.8% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 32.83 TWD per share, and 0 of the 26 models we run sit above the 73.30 TWD price.
Bear case: the Economic Profit group reads lowest at 12.82 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 39.04 TWD (bear) to 65.08 TWD (bull), the price of 73.30 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 66/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Taimide Tech Inc reported revenue of 2.4B TWD in FY2025 versus 2.4B TWD in FY2021, a compound −0.2%/yr. Reported net income was 209M TWD in FY2025, compounding −8.8%/yr from FY2021.
Key figures
Market cap 9.4B TWD (≈ $296M) · P/E ratio 47.9 · P/S ratio 4.23 · EPS (TTM) 1.53 TWD · Dividend yield 1.6% · Net margin 8.8% · Return on equity 7.4% · Return on assets (EBIT) 3.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 44% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −29%, 3645 screens cheaper than that median.
Fair Value models
Bear 39.04 TWDFair Value 52.06 TWDBull 65.08 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.2423 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.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.
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.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.6%
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.
+7.9%
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.
+3.3%
Start year 2020 (pandemic). Over 10 years: +4.9% a year
Revenue growth 17 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.
+9.6%
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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.
−5.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.6%
Dividend (yield on the price)1.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−7% vs 0%, slowing
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.21% → 11%
Start year 2020 (pandemic)
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).
+19.5%
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 +17.7% a year for the price.
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 · 654 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−29% · Above median
Profitability
Return on equity (TTM)7% · Above median
Return on assets4% · Above median
Net margin (TTM)11% · Top 25%
Operating margin (TTM)19% · Top 25%
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)1.6% · Above median
Balance sheet
Debt / equity0.23× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)47.9× · Pricier than median
P/B2.86× · Pricier than median
P/S (TTM)3.96× · Pricier than median
P/FCF0.8× · Cheaper than median
EV/EBITDA14.4× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)8· sector 38
PAST (return on equity)29· sector 26
HEALTH (low debt)89· sector 95
DIVIDEND (yield)33· sector 25
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 Taimide Tech Inc (3645) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 52.06 TWD versus a price of 73.30 TWD, about −29% upside (overvalued).
What is the fair value of 3645?
Our model-based fair value for Taimide Tech Inc is 52.06 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 73.30 TWD.
What is the quality score of 3645?
Taimide Tech Inc has a Quality Score of 66/100. 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 Taimide Tech Inc (3645)?
Our model-based price target is the fair value of 52.06 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 39.04 TWD, optimistic scenario 65.08 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Taimide Tech Inc stock forecast for 2026?
Our models put fair value at 52.06 TWD, about −29% upside versus a price of 73.30 TWD (overvalued). Cautious scenario 39.04 TWD, optimistic scenario 65.08 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Taimide Tech Inc (3645)?
Taimide Tech Inc reported trailing-twelve-month revenue of about 2.4B TWD (latest available figure, as of Sep 24, 2026).
Does Taimide Tech Inc pay a dividend?
Taimide Tech Inc currently shows a dividend yield of about 1.64% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Taimide Tech Inc (3645)?
For today's price to be fair in a discounted-cash-flow model, Taimide Tech Inc would have to grow free cash flow by +19.5 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3645 use?
Our models discount Taimide Tech Inc at 11.5 %: a base by market capitalisation (small), damped by beta 0.90, 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 Taimide Tech Inc that is +19.5 % per year a year over ten years, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has Taimide Tech Inc (3645) delivered so far?
Over the past 5 years revenue at Taimide Tech Inc grew +3.3 % a year. The price currently implies +19.5 % per year free-cash-flow growth a 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 Taimide Tech Inc (3645) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Taimide Tech Inc (+19.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Taimide Tech Inc (3645)?
The free-cash-flow yield on the price is 3.94 %: that much free cash flow Taimide Tech Inc produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Taimide Tech Inc (3645)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Taimide Tech Inc it is 52.06 TWD per share (as of Sep 24, 2026), against a price of 73.30 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Taimide Tech Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3645 trades above its calculated fair value: price 73.30 TWD, fair value 52.06 TWD, a gap of about −29% (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 3645?
No. The price is what the market pays today (73.30 TWD); the fair value is what the company's own numbers justify (52.06 TWD). For Taimide Tech Inc the two are 21.24 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Taimide Tech Inc worth?
The market values Taimide Tech Inc at about 9.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 73.30 TWD; our models calculate a fair value of 52.06 TWD per share.
What do the bullish and bearish scenarios say about 3645?
Our models span a range for Taimide Tech Inc: cautious scenario 39.04 TWD, base 52.06 TWD, optimistic 65.08 TWD per share (as of Sep 24, 2026, price 73.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3645?
Taimide Tech Inc trades at a price-to-earnings ratio of 47.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 52.06 TWD is built from several models across several years. Other multiples: P/B 2.9, P/S 4.0, EV/EBITDA 14.4.
How solid is the balance sheet of Taimide Tech Inc (3645)?
Balance-sheet figures for Taimide Tech Inc (as of Sep 24, 2026): return on equity 7.4%, debt of 0.23 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 3645 from its 52-week high?
Taimide Tech Inc trades at 73.30 TWD, about 38% below its 52-week high of 117.50 TWD and 44% above the low of 50.80 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 52.06 TWD is for.
Which stocks are comparable to Taimide Tech Inc?
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 Taimide Tech Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 73.30 TWD, calculated fair value 52.06 TWD (−29%), Quality Score 66/100, 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 3645 calculated?
We run Taimide Tech Inc through 26 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 52.06 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 13.0 % above its aggregate fair value. Taimide Tech Inc 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 Taimide Tech Inc (3645)?
The closing price on Sep 24, 2026 was 73.30 TWD. Our model-based fair value is 52.06 TWD, about −29% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Taimide Tech Inc right now?
The price sits above even our optimistic bull case (65.08 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Taimide Tech Inc (3645) come from?
Earnings per share at Taimide Tech Inc grew +0.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.9 %, EBIT margin −4.7 %, tax rate +1.4 %, residual (interest, one-offs) +0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Taimide Tech Inc
How large is the market capitalisation of Taimide Tech Inc (3645)?
The market capitalisation of Taimide Tech Inc is 9.4B TWD (≈ $296M). 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 Taimide Tech Inc (3645)?
The price-to-sales ratio of Taimide Tech Inc is 4.23 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Taimide Tech Inc (3645)?
Earnings per share at Taimide Tech Inc are 1.53 TWD (price ÷ EPS = P/E 47.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Taimide Tech Inc (3645)?
The dividend yield of Taimide Tech Inc is 1.6% (payout 78.4%). 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 Taimide Tech Inc (3645)?
The net margin of Taimide Tech Inc is 8.8% (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 Taimide Tech Inc (3645)?
The return on equity (ROE) of Taimide Tech Inc is 7.4% (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 Taimide Tech Inc (3645)?
On an EBIT basis the return on assets of Taimide Tech Inc is 3.5% (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 Taimide Tech Inc (3645)?
The operating margin of Taimide Tech Inc is 18.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Taimide Tech Inc (3645)?
Revenue at Taimide Tech Inc is growing +1.6% versus a year earlier (3y avg +7.9%). 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 Taimide Tech Inc (3645)?
Earnings per share at Taimide Tech Inc are growing +116% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Taimide Tech Inc (3645) carry?
The net debt of Taimide Tech Inc is 681M TWD (fiscal year 2025, ≈ 1.8 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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