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FIC Global, Inc (3701) Fair Value & Analysis

Technology · TW · Market cap 9.0B TWD

FG FIC Global, Inc 3701 · TW
Price41.15 TWD
Fair Value31.87 TWD
Upside-22.6%
Quality29/100
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Mixed Growth
Loss-making · -4.3% net margin
Low debt · generates free cash flow
0.51% dividend yield
Mixed vs. peers (5/12)
Narrow moat 9/100
Evidence: Medium Range 25.98 TWD – 41.18 TWD Share as image

Fair value as of: Jul 21, 2026

From 12 valuation models · updated 20 days ago

Share price −1.2% over the past month.

Below-average quality, and screening another 23% overvalued on our models.

What matters now

  • Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Our model range runs from 25.98 TWD (bear) to 41.18 TWD (bull), base 31.87 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 29/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

89.28 TWD 13.03 TWD Fair Value 31.87 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 13.03 TWD – 89.28 TWD · fair‑value band 25.98 TWD – 41.18 TWD · the 41.15 TWD price screens above the 31.87 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

FIC Global, Inc (3701) currently trades at 41.15 TWD, while our model-based Fair Value estimate is 31.87 TWD, implying the stock looks roughly 22.6% overvalued today. The Quality Score stands at 29/100 (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: medium).

Over the trailing twelve months, FIC Global, Inc generated revenue of 9.0B TWD at a net margin of -4.3%. Revenue declined 29.0% year over year. It earns a return on equity of -6.3%. The balance sheet holds a net cash position of 2.2B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 25.98 TWD (bear case) to 41.18 TWD (bull case); at 41.15 TWD, the current price sits within 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 48% 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 -67% fair-value upside, at -23%, 3701 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 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
Highest evidence
Growth DCF 28.50 TWD 33.55 TWD 41.92 TWD 80
Rev-Margin DCF 27.04 TWD 33.45 TWD 41.33 TWD 74
Gordon GGM 1.76 TWD 1.91 TWD 2.15 TWD 70
All 12 models by family
DCF Models
FCF DCF 27.89 TWD 33.14 TWD 42.55 TWD 38
5Y Revenue Exit 27.04 TWD 33.11 TWD 41.92 TWD 39
5Y EBITDA Exit 31.33 TWD 40.53 TWD 52.72 TWD 41
10Y Revenue Exit 26.92 TWD 31.40 TWD 36.18 TWD 36
10Y EBITDA Exit 29.82 TWD 35.88 TWD 42.37 TWD 37
Dividend Discount
Gordon GGM 1.76 TWD 1.91 TWD 2.15 TWD 70
DDM Multi-Stage 1.76 TWD 2.17 TWD 2.73 TWD 61
Multiples
EV/EBITDA 36.99 TWD 44.80 TWD 52.62 TWD 54
EV/Revenue 27.64 TWD 33.68 TWD 39.72 TWD 43
Asset-Based
NCAV (Graham) 10.11 TWD 13.54 TWD 20.22 TWD 50
Growth DCF
Growth DCF 28.50 TWD 33.55 TWD 41.92 TWD 80
Rev-Margin DCF 27.04 TWD 33.45 TWD 41.33 TWD 74

Widest divergence: Multiples (33.68 TWD) versus Dividend Discount (1.91 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 9.0B TWD
Revenue growth (YoY) -29.0%
Net margin -4.3%
Return on equity -6.3%
Free cash flow 366M TWD FY2025
Operating margin -5.4%
More key figures
EPS (TTM) -0.3800 TWD
Dividend yield 0.5%
EPS growth (YoY) +211%
Net cash 2.2B TWD FY2025

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

Quality Score breakdown

Overall quality 29/100

Of which business quality 34 · Market factors (momentum, volatility) 38

Profitability 22
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 0
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

FIC Global, Inc. invests in the manufacturing, design, engineering, and system integration businesses. It offers optical transceiver, precision electronics, satellite communication, and marine electronics, as well as AIoT solutions for smart city development. The company was founded in 1993 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FIC Global, Inc reported revenue of 9.8B TWD in FY2025 versus 10.0B TWD in FY2021, a compound −0.5%/yr. Reported net income was −88.9M TWD in FY2025.

Growth Quality 37/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
9.8B TWD
Latest YoY
−24.9%
Avg. growth/yr (3Y) 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.
−7.6%
Avg. growth/yr (5Y) 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.
+5.8%
Avg. growth/yr (21Y) 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.
−10.2%
Revenue −0.5%/yr
FY21 10.0B TWD
FY22 12.4B TWD
FY23 13.3B TWD
FY24 13.1B TWD
FY25 9.8B TWD
Net income
FY21 408M TWD
FY22 723M TWD
FY23 332M TWD
FY24 26.3M TWD
FY25 −88.9M TWD

3701 screens 23% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "FIC Global, Inc Fair Value". https://www.fairvalue-calculator.com/stock/3701

Peer Group

Computer Hardware · 215 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 29 · Bottom 25%
Fair Value upside −23% · Above median
Return on assets -1% · Below median
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) -5% · Bottom 25%
Revenue growth -29% · Bottom 25%
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 0.8× · Cheaper than median

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 3 · sector 0
FUTURE 0 · sector 57
PAST 0 · sector 26
HEALTH 99 · sector 97
DIVIDEND 10 · sector 44

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is FIC Global, Inc (3701) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 31.87 TWD versus a price of 41.15 TWD, about −23% (overvalued).
What is the fair value of 3701?
Our model-based fair value for FIC Global, Inc is 31.87 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 41.15 TWD.
What is the quality score of 3701?
FIC Global, Inc has a Quality Score of 29/100. 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 FIC Global, Inc (3701)?
FIC Global, Inc reported trailing-twelve-month revenue of about 9.0B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3701?
The net profit margin of FIC Global, Inc is about -4.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does FIC Global, Inc pay a dividend?
FIC Global, Inc currently shows a dividend yield of about 0.42% 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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