Array Inc (3664) Fair Value & Analysis
Technology · TW · Market cap 440M TWD
Fair value as of: Jul 21, 2026
From 1 valuation models · updated 20 days ago
Share price −16.6% over the past month.
Below-average quality, and screening another 90% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (1.02 TWD). The favourable scenario is already priced in.
- Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range (0.5100 TWD to 1.02 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 4.88 TWD – 41.90 TWD · fair‑value band 0.5100 TWD – 1.02 TWD · the 6.67 TWD price screens above the 0.6885 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.
Analysis
Array Inc (3664) currently trades at 6.67 TWD, while our model-based Fair Value estimate is 0.6885 TWD, implying the stock looks roughly 89.7% overvalued today. The Quality Score stands at 25/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Over the trailing twelve months, Array Inc generated revenue of 468M TWD at a net margin of -89.1%. Revenue declined 56.2% year over year. Net debt stands at 59.4M TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 0.5100 TWD (bear case) to 1.02 TWD (bull case); at 6.67 TWD, the current price sits above 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 72% below its 52-week high and 41% 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 -90%, 3664 screens richer 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.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 25 · Market factors (momentum, volatility) 24
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
Array Inc. engages in the research, manufacturing, and sale of application delivery controllers, high-end SSL VPN systems, remote desktop access solutions, and application acceleration and WAN optimization controllers.
Full company description
Array Inc. engages in the research, manufacturing, and sale of application delivery controllers, high-end SSL VPN systems, remote desktop access solutions, and application acceleration and WAN optimization controllers. The company also offers network functions platform; and Zentry for modernizing secure access, which helps customers migrate to zero trust security model from perimeter model, such as firewall and VPN. It operates in the Unites States, India, Japan, China, and internationally. Array Inc. was incorporated in 2008 and is based in Milpitas, California. Array Inc. is a subsidiary of Softstar Entertainment Inc.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Array Inc reported revenue of 538M TWD in FY2025 versus 433M TWD in FY2021, a compound +5.5%/yr. Reported net income was −357M TWD in FY2025.
3664 screens 90% overvalued. Compare with Cisco Systems, Inc →
Peer Group
Communication Equipment · 286 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.
Valuation Multiples vs Communication Equipment median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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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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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