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Advanced Echem Materials Company (4749) Fair Value & Analysis

Technology · TW · Market cap 78.9B TWD

AE Advanced Echem Materials Company 4749 · TWO
Price809.00 TWD
Fair Value208.71 TWD
Upside-74.2%
Quality43/100
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Expensive Growth
Highly profitable · 25.9% net margin
Low debt · negative free cash flow
0.92% dividend yield
Mixed vs. peers (6/13)
Wide moat 72/100
Evidence: High Range 81.78 TWD – 263.39 TWD Share as image

Fair value as of: Jul 14, 2026

From 17 valuation models · updated 26 days ago

Share price −7.8% over the past month.

Below-average quality, and screening another 74% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (263.39 TWD). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (81.78 TWD to 263.39 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

1,165 TWD 103.69 TWD Fair Value 208.71 TWD Feb 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

54‑month range 103.69 TWD – 1,165 TWD · fair‑value band 81.78 TWD – 263.39 TWD · the 809.00 TWD price screens above the 208.71 TWD fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Advanced Echem Materials Company (4749) currently trades at 809.00 TWD, while our model-based Fair Value estimate is 208.71 TWD, implying the stock looks roughly 74.2% overvalued today. The Quality Score stands at 43/100 (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: high).

Over the trailing twelve months, Advanced Echem Materials Company generated revenue of 4.5B TWD at a net margin of 25.9%. Revenue grew 29.9% year over year. It earns a return on equity of 13.6%. Net debt stands at 1.1B TWD. Fundamentals as of Jul 14, 2026

Our scenario range runs from 81.78 TWD (bear case) to 263.39 TWD (bull case); at 809.00 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 33% below its 52-week high and 43% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -74%, 4749 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income 90.94 TWD 104.33 TWD 182.44 TWD 76
ROIC Compounder 96.21 TWD 126.59 TWD 160.63 TWD 72
Gordon GGM 54.99 TWD 114.33 TWD 181.38 TWD 70
All 17 models by family
DCF Models
Owner Earnings 37.30 TWD 71.99 TWD 144.82 TWD 31
Earnings-Based
Graham-Dodd 76.56 TWD 533.92 TWD 749.28 TWD 54
Lynch FV 221.54 TWD 316.49 TWD 411.44 TWD 50
PEG = 1.0 221.54 TWD 316.49 TWD 411.44 TWD 46
EPV 96.21 TWD 110.56 TWD 123.11 TWD 59
Dividend Discount
Gordon GGM 54.99 TWD 114.33 TWD 181.38 TWD 70
DDM Multi-Stage 54.99 TWD 96.41 TWD 120.00 TWD 61
Multiples
P/E Multiple 143.55 TWD 191.40 TWD 239.25 TWD 63
P/S Multiple 51.70 TWD 68.94 TWD 86.17 TWD 58
P/B Multiple 143.55 TWD 191.40 TWD 239.25 TWD 55
EV/EBIT 130.26 TWD 170.32 TWD 210.37 TWD 53
EV/EBITDA 117.33 TWD 153.07 TWD 188.81 TWD 54
EV/Revenue 58.37 TWD 79.05 TWD 99.73 TWD 43
Asset-Based
NCAV (Graham) 49.83 TWD 66.78 TWD 99.67 TWD 50
Economic Profit
Residual Income 90.94 TWD 104.33 TWD 182.44 TWD 76
ROIC Compounder 96.21 TWD 126.59 TWD 160.63 TWD 72
Growth Earnings
Growth-Adj P/E 256.53 TWD 366.46 TWD 476.40 TWD 68

Widest divergence: Growth Earnings (366.46 TWD) versus Asset-Based (66.78 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 4.5B TWD
Revenue growth (YoY) +29.9%
Net margin 25.9%
Return on equity 13.6%
Free cash flow −31.2M TWD FY2025
P/E ratio 90.1
More key figures
Operating margin 27.1%
EPS (TTM) 11.27 TWD
Dividend yield 0.8%
EPS growth (YoY) +60.5%
Net debt 1.1B TWD FY2024

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 46 · Market factors (momentum, volatility) 52

Profitability 53
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 18
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

Advanced Echem Materials Company Limited develops and manufactures special chemical materials for semiconductor and display applications in Taiwan, Mainland China, and internationally.

Full company description

Advanced Echem Materials Company Limited develops and manufactures special chemical materials for semiconductor and display applications in Taiwan, Mainland China, and internationally. The company offers semiconductor materials, including fingerprint on display sensor materials, CMOS image sensor materials, chip on film materials, packaging materials, IC manufacturing materials, and cleaning chemicals. It also provides TFT photo resist and resin black matrix; and micro LED materials. Advanced Echem Materials Company Limited was founded in 2003 and is headquartered in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Advanced Echem Materials Company reported revenue of 4.3B TWD in FY2025 versus 1.6B TWD in FY2021, a compound +27.6%/yr. Reported net income was 1.0B TWD in FY2025, compounding +70.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.3B TWD
Latest YoY
+28.3%
Avg. growth/yr (3Y)
+23.3%
Revenue +27.6%/yr
FY21 1.6B TWD
FY22 2.3B TWD
FY23 2.4B TWD
FY24 3.3B TWD
FY25 4.3B TWD
Net income +70.9%/yr
FY21 122M TWD
FY22 404M TWD
FY23 318M TWD
FY24 698M TWD
FY25 1.0B TWD

4749 screens 74% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Advanced Echem Materials Company Fair Value". https://www.fairvalue-calculator.com/stock/4749

Peer Group

Electronic Components · 626 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 43 · Bottom 25%
Fair Value upside −74% · Bottom 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 27% · Top 25%
Revenue growth 30% · Top 25%
Dividend yield (TTM) 0.9% · Below median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 75.2× · Pricier than 75% of peers
P/B 8.54× · Pricier than 75% of peers
P/S (TTM) 17.35× · Pricier than 75% of peers
EV/EBITDA 53.6× · Pricier 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 0 · sector 0
FUTURE 100 · sector 32
PAST 54 · sector 24
HEALTH 100 · sector 95
DIVIDEND 18 · sector 25

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Advanced Echem Materials Company (4749) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 208.71 TWD versus a price of 809.00 TWD, about −74% (overvalued).
What is the fair value of 4749?
Our model-based fair value for Advanced Echem Materials Company is 208.71 TWD (as of Jul 14, 2026), built from audited fundamentals. The current price is 809.00 TWD.
What is the quality score of 4749?
Advanced Echem Materials Company has a Quality Score of 43/100. 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 Advanced Echem Materials Company (4749)?
Advanced Echem Materials Company reported trailing-twelve-month revenue of about 4.5B TWD (latest available figure, as of Jul 14, 2026).
What is the net profit margin of 4749?
The net profit margin of Advanced Echem Materials Company is about 25.9%, meaning it keeps roughly 25.9% of revenue as net income. Based on the latest reported figures.
Does Advanced Echem Materials Company pay a dividend?
Advanced Echem Materials Company currently shows a dividend yield of about 0.78% relative to its recent price (as of Jul 14, 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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