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Ample Electronic Technology Co (4760) Fair Value & Analysis

Technology · TW · Market cap 7.9B TWD

AE Ample Electronic Technology Co 4760 · TWO
Price245.00 TWD
Fair Value117.62 TWD
Upside-52.0%
Quality61/100
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Mixed Growth
Solidly profitable · 11.5% net margin
Low debt · generates free cash flow
1.92% dividend yield
Ranks above peers (12/14)
Wide moat 65/100
Evidence: High Range 76.91 TWD – 180.68 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price −23.4% over the past month.

A solid business, but screening 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (180.68 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (76.91 TWD to 180.68 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

468.00 TWD 42.83 TWD Fair Value 117.62 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 42.83 TWD – 468.00 TWD · fair‑value band 76.91 TWD – 180.68 TWD · the 245.00 TWD price screens above the 117.62 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Ample Electronic Technology Co (4760) currently trades at 245.00 TWD, while our model-based Fair Value estimate is 117.62 TWD, implying the stock looks roughly 52.0% overvalued today. The Quality Score stands at 61/100 (solid 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, Ample Electronic Technology Co generated revenue of 2.1B TWD at a net margin of 11.5%. Revenue grew 52.1% year over year. It earns a return on equity of 26.2%. Net debt stands at 344M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 76.91 TWD (bear case) to 180.68 TWD (bull case); at 245.00 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 52% below its 52-week high and 159% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -52%, 4760 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 41.46 TWD 74.30 TWD 140.01 TWD 80
Residual Income 44.70 TWD 56.83 TWD 201.98 TWD 76
Rev-Margin DCF 78.27 TWD 167.87 TWD 307.15 TWD 74
All 26 models by family
DCF Models
FCF DCF 43.73 TWD 67.23 TWD 140.61 TWD 38
Owner Earnings 118.87 TWD 265.42 TWD 573.06 TWD 31
5Y Revenue Exit 78.27 TWD 150.14 TWD 296.23 TWD 39
5Y EBITDA Exit 83.43 TWD 160.97 TWD 308.00 TWD 41
5Y P/E Exit 90.34 TWD 204.63 TWD 358.01 TWD 38
10Y Revenue Exit 64.99 TWD 158.89 TWD 252.31 TWD 36
10Y EBITDA Exit 72.18 TWD 169.27 TWD 359.31 TWD 37
10Y P/E Exit 77.13 TWD 183.17 TWD 378.30 TWD 35
Earnings-Based
Graham-Dodd 47.05 TWD 328.12 TWD 460.47 TWD 54
Lynch FV 108.49 TWD 154.99 TWD 201.48 TWD 50
PEG = 1.0 108.49 TWD 154.99 TWD 201.48 TWD 46
EPV 80.66 TWD 93.44 TWD 104.62 TWD 59
Dividend Discount
Gordon GGM 31.75 TWD 66.02 TWD 104.73 TWD 70
DDM Multi-Stage 31.75 TWD 55.67 TWD 69.29 TWD 61
Multiples
P/E Multiple 103.79 TWD 138.38 TWD 172.98 TWD 63
P/S Multiple 88.22 TWD 117.62 TWD 147.03 TWD 58
P/B Multiple 73.73 TWD 98.30 TWD 122.88 TWD 55
EV/EBIT 124.74 TWD 164.99 TWD 205.24 TWD 53
EV/EBITDA 98.29 TWD 129.73 TWD 161.16 TWD 54
EV/Revenue 85.39 TWD 120.27 TWD 155.15 TWD 43
Asset-Based
NCAV (Graham) 16.38 TWD 21.95 TWD 32.77 TWD 50
Growth DCF
Growth DCF 41.46 TWD 74.30 TWD 140.01 TWD 80
Rev-Margin DCF 78.27 TWD 167.87 TWD 307.15 TWD 74
Economic Profit
Residual Income 44.70 TWD 56.83 TWD 201.98 TWD 76
ROIC Compounder 100.79 TWD 145.10 TWD 206.89 TWD 72
Growth Earnings
Growth-Adj P/E 140.73 TWD 201.04 TWD 261.35 TWD 68

Widest divergence: Growth Earnings (201.04 TWD) versus Asset-Based (21.95 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.1B TWD
Revenue growth (YoY) +52.1%
Net margin 11.5%
Return on equity 26.2%
Free cash flow 76.9M TWD FY2025
P/E ratio 35.4
More key figures
Operating margin 14.2%
EPS (TTM) 6.97 TWD
Dividend yield 1.9%
EPS growth (YoY) +31.3%
Net debt 344M TWD FY2025

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 60 · Market factors (momentum, volatility) 58

Profitability 66
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 22
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 61
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

Ample Electronic Technology Co.,Ltd. engages in the research, development, design, manufacture, and sale of conductive materials in Taiwan. It offers high-temp. termination silver conductive paste, high-temp. inner silver conductive paste, high-temp. termination copper paste, low-temp.

Full company description

Ample Electronic Technology Co.,Ltd. engages in the research, development, design, manufacture, and sale of conductive materials in Taiwan. It offers high-temp. termination silver conductive paste, high-temp. inner silver conductive paste, high-temp. termination copper paste, low-temp. termination silver epoxy paste, silver rear paste for photovoltaic cell, IC (SOT QFN package)/LED die attach silver paste, LED high thermal conductivity die attach silver paste, high thermal conductivity die attach paste, photolithography silver paste, silver conductive paste for the external electrodes of resistor, copper conductive paste and resistive paste for external electrodes of resistor, masking paste, and chip resistor protective coating products. The company was founded in 2007 and is based in Kaohsiung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ample Electronic Technology Co reported revenue of 1.9B TWD in FY2025 versus 1.7B TWD in FY2021, a compound +2.4%/yr. Reported net income was 223M TWD in FY2025, compounding +2.6%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.9B TWD
Latest YoY
+27.8%
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.
+27.1%
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.
+9.5%
Avg. growth/yr (8Y) 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.
+15.2%
Revenue +2.4%/yr
FY21 1.7B TWD
FY22 928M TWD
FY23 1.0B TWD
FY24 1.5B TWD
FY25 1.9B TWD
Net income +2.6%/yr
FY21 201M TWD
FY22 92.4M TWD
FY23 117M TWD
FY24 190M TWD
FY25 223M TWD

4760 screens 52% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "Ample Electronic Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/4760

Peer Group

Semiconductor Equipment & Materials · 212 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 61 · Above median
Fair Value upside −52% · Above median
Return on equity (TTM) 26% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 11% · Above median
Operating margin (TTM) 14% · Above median
Revenue growth 52% · Top 25%
Dividend yield (TTM) 1.9% · Top 25%

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 35.4× · Cheaper than 75% of peers
P/B 7.52× · Pricier than 75% of peers
P/S (TTM) 3.74× · Cheaper than median
P/FCF 3.2× · Pricier than median
EV/EBITDA 23.5× · 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 0 · sector 0
FUTURE 100 · sector 58
PAST 100 · sector 30
HEALTH 100 · sector 96
DIVIDEND 38 · sector 16

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.

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is Ample Electronic Technology Co (4760) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 117.62 TWD versus a price of 245.00 TWD, about −52% (overvalued).
What is the fair value of 4760?
Our model-based fair value for Ample Electronic Technology Co is 117.62 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 245.00 TWD.
What is the quality score of 4760?
Ample Electronic Technology Co has a Quality Score of 61/100. 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 Ample Electronic Technology Co (4760)?
Ample Electronic Technology Co reported trailing-twelve-month revenue of about 2.1B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 4760?
The net profit margin of Ample Electronic Technology Co is about 11.5%, meaning it keeps roughly 11.5% of revenue as net income. Based on the latest reported figures.
Does Ample Electronic Technology Co pay a dividend?
Ample Electronic Technology Co currently shows a dividend yield of about 1.23% 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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