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FIT Holding (3712) Fair Value & Analysis

Technology · TW · Market cap 4.5B TWD

FH FIT Holding 3712 · TW
Price22.20 TWD
Fair Value57.32 TWD
Upside+158.2%
Quality29/100
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Expensive Growth
Loss-making · -20.2% net margin
High debt · negative free cash flow
Trails peers (2/9)
Narrow moat 30/100
Evidence: Low Range 27.56 TWD – 90.99 TWD Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 65.45 TWD to 57.32 TWD (−12.4%) since Jul 23, 2026. Share price +37.5% over the past month.

Below-average quality, screening 158% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (29/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (27.56 TWD). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (27.56 TWD to 90.99 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

70.75 TWD 14.95 TWD Fair Value 57.32 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 14.95 TWD – 70.75 TWD · fair‑value band 27.56 TWD – 90.99 TWD · the 22.20 TWD price screens below the 57.32 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

FIT Holding (3712) currently trades at 22.20 TWD, while our model-based Fair Value estimate is 57.32 TWD, implying the stock looks roughly 158.2% undervalued today. The Quality Score stands at 29/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, FIT Holding generated revenue of 31.4B TWD at a net margin of -20.2%. Revenue declined 19.2% year over year. Net debt stands at 39.8B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 27.56 TWD (bear case) to 90.99 TWD (bull case); at 22.20 TWD, the current price sits below 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 57% below its 52-week high and 52% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -54% fair-value upside, at 158%, 3712 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
Gordon GGM 26.35 TWD 52.50 TWD 79.50 TWD 70
DDM Multi-Stage 26.35 TWD 45.37 TWD 55.42 TWD 61
NCAV (Graham) 6.73 TWD 9.02 TWD 13.46 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 26.35 TWD 52.50 TWD 79.50 TWD 70
DDM Multi-Stage 26.35 TWD 45.37 TWD 55.42 TWD 61
Asset-Based
NCAV (Graham) 6.73 TWD 9.02 TWD 13.46 TWD 50

Widest divergence: Dividend Discount (45.37 TWD) versus Asset-Based (9.02 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 31.4B TWD
Revenue growth (YoY) -19.2%
Net margin -20.2%
Return on equity -124%
Free cash flow −14.8B TWD FY2025
Operating margin 31.6%
More key figures
EPS (TTM) -22.85 TWD
EPS growth (YoY) +22.9%
Net debt 39.8B TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 26 · Market factors (momentum, volatility) 34

Profitability 7
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 85
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

FIT Holding Co., Ltd., together with its subsidiaries, engages in production, manufacturing, and trading of optical instrument components. It offers computer peripheral components, 3C products, image scanners, multifunction printers, and investment and development of power plant and cleaning energy services.

Full company description

FIT Holding Co., Ltd., together with its subsidiaries, engages in production, manufacturing, and trading of optical instrument components. It offers computer peripheral components, 3C products, image scanners, multifunction printers, and investment and development of power plant and cleaning energy services. The company also Involved in manufacturing and selling of optical lens components, image scanners and multifunction printers, telecommunication components, components of communication and consumer electronics, and parts and moulds of photocopiers and scanners. In addition, it is involved in energy service management; general investments holding; sales agency; production and processing and sale of optical lens components and other products; energy service management; mould development and moulding tool manufacturing; sale of electronic telecommunication components; specialized investments; sale of medical instruments; supply chain finance energy service management; natural gas service management; afforestation; electricity generating; maritime engineering; and energy technical services. The company was incorporated in 2018 and is based in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FIT Holding reported revenue of 32.8B TWD in FY2025 versus 11.2B TWD in FY2021, a compound +30.7%/yr. Reported net income was −5.6B TWD in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
32.8B TWD
Latest YoY
+22.0%
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.
+39.6%
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.
+36.0%
Avg. growth/yr (13Y) 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.
+32.1%
Revenue +30.7%/yr
FY21 11.2B TWD
FY22 12.1B TWD
FY23 17.4B TWD
FY24 26.9B TWD
FY25 32.8B TWD
Net income
FY21 626M TWD
FY22 530M TWD
FY23 568M TWD
FY24 1.1B TWD
FY25 −5.6B TWD
Character of growth · EPS growth decomposed (2014-2025) +3.2 % p.a.
Revenue per share +20.1 pp

of which total revenue +34.9 pp · buybacks/dilution −14.9 pp

EBIT margin −12.6 pp
Tax rate −0.3 pp
Residual (interest, one-offs) −4.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "FIT Holding Fair Value". https://www.fairvalue-calculator.com/stock/3712

Peer Group

Semiconductors · 323 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 +158% · Top 25%
Return on assets -15% · Bottom 25%
Net margin (TTM) -20% · Bottom 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth -19% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 3.15× · Higher than 75% of peers

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 100 · sector 0
FUTURE 0 · sector 60
PAST 0 · sector 24
HEALTH 0 · sector 96
DIVIDEND 0 · sector 19

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 Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $217.50 $98.98 -54%
Taiwan Semiconductor Manufacturing Company TSM $429.15 $291.42 -32%
Broadcom Inc 1AVGO €366.85 €121.25 -67%
Micron Technology, Inc ZMIC C$43.68 C$6.23 -86%
SK hynix Inc 000660 1,504,000 KRW 1,481,291 KRW -2%
Advanced Micro Devices, Inc 1AMD €428.20 €56.33 -87%
Intel Corporation INTC C$54.79 C$11.71 -79%
MediaTek Inc 2454 4,015 TWD 1,559 TWD -61%
SK Square Co 402340 1,024,000 KRW 1,204,862 KRW +18%
GigaDevice Semiconductor Inc 3986 HK$515.00 HK$274.86 -47%

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Frequently asked questions

Is FIT Holding (3712) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 57.32 TWD versus a price of 22.20 TWD, about +158% (undervalued).
What is the fair value of 3712?
Our model-based fair value for FIT Holding is 57.32 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 22.20 TWD.
What is the quality score of 3712?
FIT Holding 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 FIT Holding (3712)?
FIT Holding reported trailing-twelve-month revenue of about 31.4B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 3712?
The net profit margin of FIT Holding is about -20.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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