Alchip Technologies Ltd (3661) fair value: what the stock is really worth
We calculate from audited financials what Alchip Technologies Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Watch Alchip Technologies Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range 355.91 TWD – 5,375 TWD · fair‑value band 2,537 TWD – 4,712 TWD · the 3,665 TWD price screens above the 3,625 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Alchip Technologies, Limited, together with its subsidiaries, engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.
Show more
Alchip Technologies, Limited, together with its subsidiaries, engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally. It offers ASIC design services, including SoC frontend design, physical backend design, and design for testability, as well as low power, high performance, and advanced package solutions; production services, such as advanced packaging, advanced testing, and product engineering services, as well as quality assurance and policy; and IP services comprising IP integration and verification. The company is also involved in general investment activities; provision of product technical support and consultation services; and software development and services. Its products are used in AI, HPC/supercomputer, mobile phones, entertainment device, networking equipment, and electronic product sectors. The company was founded in 1992 and is headquartered in Taipei, Taiwan.
Stock analysis
Alchip Technologies Ltd (3661) currently trades at 3,665 TWD, while our model-based Fair Value estimate is 3,625 TWD, implying the stock looks roughly 1.1% fairly valued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 3,609 TWD per share, and 5 of the 26 models we run sit above the 3,665 TWD price.
Bear case: the Economic Profit group reads lowest at 614.80 TWD, and 21 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 2,537 TWD (bear) to 4,712 TWD (bull), the price of 3,665 TWD sits inside 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.
Alchip Technologies Ltd reported revenue of 30.9B TWD in FY2025 versus 10.4B TWD in FY2021, a compound +31.2%/yr. Reported net income was 5.6B TWD in FY2025, compounding +39.2%/yr from FY2021.
Key figures
Market cap 296B TWD (≈ $9.4B) · P/E ratio 54.3 · P/S ratio 9.83 · EPS (TTM) 67.48 TWD · Dividend yield 0.9% · Net margin 18.1% · Return on equity 13.1% · Return on assets (EBIT) 12.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 48% 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 −1%, 3661 screens cheaper than that median.
Fair Value models
Bear 2,537 TWDFair Value 3,625 TWDBull 4,712 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 (24.17 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.94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−40.5%
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.
+31.1%
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.
+34.3%
Revenue growth 16 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.
+24.3%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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. Basis: EBIT basis. 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.
≈ +30.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+30.0%
Dividend (yield on the price)0.9%
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.41% vs 38%, steady
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.16% → 16%
⚠ Rate on operating basis: 2025 sits 60% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
+9.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+63.8%
Yearly sales growth analysts expect, extended to five years.
News mood ⓘNews mood, the average tone of recent news (95 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Compare Alchip Technologies Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Semiconductors · 327 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Above median
Fair Value upside−56% · Below median
Profitability
Return on equity (TTM)13% · Above median
Return on assets5% · Above median
Net margin (TTM)23% · Top 25%
Operating margin (TTM)33% · Top 25%
Growth and dividend
Revenue growth−60% · Bottom 25%
Dividend yield (TTM)0.9% · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
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 Alchip Technologies Ltd (3661) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of 3,625 TWD versus a price of 3,665 TWD, about −1% upside (fairly valued).
What is the fair value of 3661?
Our model-based fair value for Alchip Technologies Ltd is 3,625 TWD (as of Sep 18, 2026), built from audited fundamentals. The current price: 3,665 TWD.
What is the quality score of 3661?
Alchip Technologies Ltd 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 Alchip Technologies Ltd (3661)?
Our model-based price target is the fair value of 3,625 TWD (as of Sep 18, 2026) from 26 valuation models. Cautious scenario 2,537 TWD, optimistic scenario 4,712 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Alchip Technologies Ltd stock forecast for 2026?
Our models put fair value at 3,625 TWD, about −1% upside versus a price of 3,665 TWD (fairly valued). Cautious scenario 2,537 TWD, optimistic scenario 4,712 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Alchip Technologies Ltd (3661)?
Alchip Technologies Ltd reported trailing-twelve-month revenue of about 24.6B TWD (latest available figure, as of Sep 18, 2026).
Does Alchip Technologies Ltd pay a dividend?
Alchip Technologies Ltd currently shows a dividend yield of about 0.94% relative to its recent price (as of Sep 18, 2026).
What growth is priced into Alchip Technologies Ltd (3661)?
For today's price to be fair in a discounted-cash-flow model, Alchip Technologies Ltd would have to grow free cash flow by +9.6 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +34.3 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of 3661 use?
Our models discount Alchip Technologies Ltd at 10.6 %: a base by market capitalisation (mid), damped by beta 1.12, 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 Alchip Technologies Ltd that is +9.6 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Alchip Technologies Ltd (3661) delivered so far?
Over the past 5 years revenue at Alchip Technologies Ltd grew +34.3 % a year. The price currently implies +9.6 % 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 Alchip Technologies Ltd (3661) growing?
The median revenue growth in the sector is +8.0 % a year. That is the yardstick for the growth priced into Alchip Technologies Ltd (+9.6 % 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 Alchip Technologies Ltd (3661)?
The free-cash-flow yield on the price is 4.87 %: that much free cash flow Alchip Technologies Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Alchip Technologies Ltd (3661)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Alchip Technologies Ltd it is 3,625 TWD per share (as of Sep 18, 2026), against a price of 3,665 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Alchip Technologies Ltd stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 3661 trades above its calculated fair value: price 3,665 TWD, fair value 3,625 TWD, a gap of about −1% (fairly valued). 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 3661?
No. The price is what the market pays today (3,665 TWD); the fair value is what the company's own numbers justify (3,625 TWD). For Alchip Technologies Ltd the two are 40.50 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Alchip Technologies Ltd worth?
The market values Alchip Technologies Ltd at about 296B TWD (market capitalisation, as of Sep 18, 2026). Per share that is 3,665 TWD; our models calculate a fair value of 3,625 TWD per share.
What do the bullish and bearish scenarios say about 3661?
Our models span a range for Alchip Technologies Ltd: cautious scenario 2,537 TWD, base 3,625 TWD, optimistic 4,712 TWD per share (as of Sep 18, 2026, price 3,665 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3661?
Alchip Technologies Ltd trades at a price-to-earnings ratio of 54.3 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3,625 TWD is built from several models across several years. Other multiples: P/B 7.0, P/S 11.7, EV/EBITDA 33.2.
How solid is the balance sheet of Alchip Technologies Ltd (3661)?
Balance-sheet figures for Alchip Technologies Ltd (as of Sep 18, 2026): return on equity 13.1%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 3661 from its 52-week high?
Alchip Technologies Ltd trades at 3,665 TWD, about 35% below its 52-week high of 5,640 TWD and 48% above the low of 2,480 TWD (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of 3,625 TWD is for.
Which stocks are comparable to Alchip Technologies Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix 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 Alchip Technologies Ltd stock attractive at the current price?
The data as of Sep 18, 2026: price 3,665 TWD, calculated fair value 3,625 TWD (−1%), 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 3661 calculated?
We run Alchip Technologies Ltd 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 3,625 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 16.1 % above its aggregate fair value. Alchip Technologies 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 Alchip Technologies Ltd (3661)?
The closing price on Sep 21, 2026 was 3,665 TWD. Our model-based fair value is 3,625 TWD, about −1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Alchip Technologies Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (2,537 TWD to 4,712 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Alchip Technologies Ltd (3661) come from?
Earnings per share at Alchip Technologies Ltd grew +39.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +22.2 %, EBIT margin +9.8 %, tax rate +1.3 %, residual (interest, one-offs) +2.3 %. 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 Alchip Technologies Ltd
How large is the market capitalisation of Alchip Technologies Ltd (3661)?
The market capitalisation of Alchip Technologies Ltd is 296B TWD (≈ $9.4B). 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 Alchip Technologies Ltd (3661)?
The price-to-sales ratio of Alchip Technologies Ltd is 9.83 (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 Alchip Technologies Ltd (3661)?
Earnings per share at Alchip Technologies Ltd are 67.48 TWD (price ÷ EPS = P/E 54.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Alchip Technologies Ltd (3661)?
The dividend yield of Alchip Technologies Ltd is 0.9% (payout 51.0%). 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 Alchip Technologies Ltd (3661)?
The net margin of Alchip Technologies Ltd is 18.1% (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 Alchip Technologies Ltd (3661)?
The return on equity (ROE) of Alchip Technologies Ltd is 13.1% (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 Alchip Technologies Ltd (3661)?
On an EBIT basis the return on assets of Alchip Technologies Ltd is 12.3% (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 Alchip Technologies Ltd (3661)?
The operating margin of Alchip Technologies Ltd is 32.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Alchip Technologies Ltd (3661)?
Revenue at Alchip Technologies Ltd is growing −60.1% versus a year earlier (3y avg +31.1%). 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 Alchip Technologies Ltd (3661)?
Earnings per share at Alchip Technologies Ltd are growing −2.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Alchip Technologies Ltd (3661) hold?
Alchip Technologies Ltd holds more cash than debt, 32.3B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Alchip Technologies Ltd in the live analysis
One click puts Alchip Technologies Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
