Gemtek Technology Co (4906) Fair Value & Analysis
Technology · TW · Market cap 14.6B TWD
Fair value as of: Jul 21, 2026
From 15 valuation models · updated 19 days ago
Share price −15.2% over the past month.
A solid business, but screening 56% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (15.13 TWD). The favourable scenario is already priced in.
- Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
- The models converge in a tight band (14.85 TWD to 15.13 TWD), unusually little disagreement for a valuation.
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 19.70 TWD – 52.87 TWD · fair‑value band 14.85 TWD – 15.13 TWD · the 33.95 TWD price screens above the 15.00 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Gemtek Technology Co (4906) currently trades at 33.95 TWD, while our model-based Fair Value estimate is 15.00 TWD, implying the stock looks roughly 55.8% overvalued today. The Quality Score stands at 54/100 (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, Gemtek Technology Co generated revenue of 14.5B TWD at a net margin of -2.1%. Revenue declined 39.6% year over year. It earns a return on equity of -2.5%. The balance sheet holds a net cash position of 3.6B TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 14.85 TWD (bear case) to 15.13 TWD (bull case); at 33.95 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 39% below its 52-week high and 49% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -56%, 4906 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.
All 15 models by family
Widest divergence: DCF Models (48.24 TWD) versus Earnings-Based (14.88 TWD). Highest evidence: Growth DCF (80).
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 57 · Market factors (momentum, volatility) 62
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
Gemtek Technology Co., Ltd. researches, develops, designs, produces, and sells wireless communications products in Taiwan and internationally.
Full company description
Gemtek Technology Co., Ltd. researches, develops, designs, produces, and sells wireless communications products in Taiwan and internationally. It offers wireless network service products, including broadband network related equipment built on telecommunications infrastructure, such as 5G, LTE, small cell, and CPE; telecommunication networking devices, such as Wi-Fi access points and routers; and business-grade wireless APs/routers and Wi-Fi modules. The company also provides fixed broadband network connection related products that consist of telecommunication integration solutions comprising XPON, VoIP, VDSL, G.fast, Switch, Setup Box, etc.; and fiber-optic networking products. In addition, it provides telecommunication modules and services; WLAN cards; wireless network cards and gateways; cloud software integration services; and IoT products. Further, the company engages in buying and selling of wires, packaging materials, and pallets and raw materials. Gemtek Technology Co., Ltd. was incorporated in 1988 and is headquartered in Hsinchu City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Gemtek Technology Co reported revenue of 16.5B TWD in FY2025 versus 22.9B TWD in FY2021, a compound −7.9%/yr. Reported net income was −108M TWD in FY2025.
4906 screens 56% overvalued. Compare with Cisco Systems, Inc →
Peer Group
Communication Equipment · 290 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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