Generalplus Technology Inc (4952) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Generalplus Technology Inc stock TWD 37.46, price TWD 42.60, that is 12.1% below the price, quality 63 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 34.40 TWD – 74.40 TWD · fair‑value band 32.78 TWD – 45.87 TWD · the 42.60 TWD price screens above the 37.46 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Generalplus Technology Inc. engages in the research, development, design, manufacturing, and sale of integrated circuit products in Taiwan and internationally.
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It offers channel speech/tone synthesizers, sound processors, controllers, and one battery speech synthesizers; LCD controllers and drivers; multimedia processors; automobile video recorders; motor, touch, wireless, and remote controllers, as well as other microcontroller units; camera solution; flash memory products; and audio amplifiers, linear regulators, ADC and microphone pre-amplifiers, I/O bus extenders, USB bridge and socket servers, touch applications, and USB headset solutions.
The company was incorporated in 2004 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Generalplus Technology Inc (4952) currently trades at 42.60 TWD, while our model-based Fair Value estimate is 37.46 TWD, 12% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 27.25 TWD per share, and 0 of the 24 models we run sit above the 42.60 TWD price.
Bear case: the Earnings-Based group reads lowest at 11.00 TWD, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 32.78 TWD (bear) to 45.87 TWD (bull), the price of 42.60 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Generalplus Technology Inc reported revenue of 2.1B TWD in FY2025 versus 3.6B TWD in FY2021, a compound −12.2%/yr. Reported net income was 112M TWD in FY2025, compounding −35.7%/yr from FY2021.
Key figures
Market cap 4.6B TWD (≈ $141M) Micro · P/E ratio 24.1 · P/S ratio 1.97 · EPS (TTM) 1.77 TWD · Dividend yield 2.3% · Net margin 8.2% · Return on equity 9.1% · Return on assets (EBIT) 11.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −12%, 4952 screens richer than that median.
Fair Value models
Bear32.78 TWDFair Value 37.46 TWDBull45.87 TWD
Price 42.60 TWD · Downside -12.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.6603 TWD per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF19.84 TWD22.89 TWD27.79 TWD80
Growth DCF20.13 TWD23.00 TWD27.25 TWD77
Residual Income13.78 TWD13.88 TWD14.37 TWD76
All 24 models by family
DCF Models
FCF DCF19.84 TWD22.89 TWD27.79 TWD80
Owner Earnings22.53 TWD26.27 TWD32.28 TWD75
5Y Revenue Exit17.17 TWD20.11 TWD24.35 TWD71
5Y EBITDA Exit23.27 TWD30.64 TWD40.40 TWD73
5Y P/E Exit23.38 TWD30.84 TWD39.73 TWD69
10Y Revenue Exit18.25 TWD20.30 TWD22.38 TWD66
10Y EBITDA Exit21.55 TWD25.84 TWD30.38 TWD67
10Y P/E Exit21.61 TWD25.95 TWD30.05 TWD63
Earnings-Based
Graham-Dodd7.02 TWD8.58 TWD9.65 TWD67
EPV12.83 TWD13.41 TWD13.87 TWD70
Dividend Discount
Gordon GGM15.60 TWD16.67 TWD18.24 TWD69
DDM Multi-Stage15.60 TWD18.04 TWD21.08 TWD67
Multiples
P/E Multiple21.68 TWD28.91 TWD36.14 TWD63
P/S Multiple13.16 TWD17.55 TWD21.94 TWD58
P/B Multiple30.81 TWD41.08 TWD51.34 TWD55
EV/EBIT20.76 TWD25.59 TWD30.42 TWD63
EV/EBITDA27.71 TWD34.85 TWD41.99 TWD64
EV/Revenue13.60 TWD16.74 TWD19.88 TWD52
Asset-Based
NCAV (Graham)7.33 TWD11.11 TWD13.89 TWD52
Growth DCF
Growth DCF20.13 TWD23.00 TWD27.25 TWD77
Rev-Margin DCF17.17 TWD20.44 TWD24.57 TWD71
Economic Profit
Residual Income13.78 TWD13.88 TWD14.37 TWD76
ROIC Compounder12.83 TWD13.41 TWD13.87 TWD70
Growth Earnings
Growth-Adj P/E15.17 TWD21.67 TWD28.17 TWD67
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−13.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−12.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−6.0%
Start year 2020 (pandemic). Over 10 years: −3.6% a year
Revenue growth 18 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.2%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−14.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.7%
Dividend (yield on the price)2.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−16.7% vs −11.4%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 3.3%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +16.8% a year for the price.
Compare Generalplus Technology Inc with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Semiconductors · 369 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−12.1% · Above median
Profitability
Return on equity (12 months)9.1% · Above median
Return on assets4.1% · Above median
Net margin (12 months)8.2% · Below median
Operating margin (12 months)15.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)25.2% · Above median
Dividend yield (12 months)2.3% · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)24.1× · Cheaper than median
P/B2.19× · Cheaper than median
P/S (12 months)1.97× · Cheaper than median
Price / free cash flow (fiscal year)27.3× · Cheaper than median
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Is Generalplus Technology Inc (4952) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 37.46 TWD versus a price of 42.60 TWD, about 12% lower (overvalued).
What is the fair value of 4952?
Our model-based fair value for Generalplus Technology Inc is 37.46 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 42.60 TWD.
What is the quality score of 4952?
Generalplus Technology Inc has a Quality Score of 63/100. 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 price target for Generalplus Technology Inc (4952)?
Our model-based price target is the fair value of 37.46 TWD (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 32.78 TWD, optimistic scenario 45.87 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Generalplus Technology Inc stock forecast for 2026?
Our models put fair value at 37.46 TWD, about 12% lower versus a price of 42.60 TWD (overvalued). Cautious scenario 32.78 TWD, optimistic scenario 45.87 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Generalplus Technology Inc (4952)?
Generalplus Technology Inc reported trailing-twelve-month revenue of about 2.4B TWD (latest available figure, as of Nov 8, 2026).
Does Generalplus Technology Inc pay a dividend?
Generalplus Technology Inc currently shows a dividend yield of 2.35% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Generalplus Technology Inc (4952) and when is the ex-dividend date?
Generalplus Technology Inc pays a dividend of 1.00 TWD per share a year, a dividend yield of 2.3%. The last ex-dividend date was Jun 24, 2026. The payout ratio is 56.5% of earnings. Free cash flow covers the dividend 1.56 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Generalplus Technology Inc (4952)?
For today's price to be fair in a discounted-cash-flow model, Generalplus Technology Inc would have to grow free cash flow by +18.7 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -6.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 4952 use?
Our models discount Generalplus Technology Inc at 12.6 %: a base by market capitalisation (micro), damped by beta 0.79, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Generalplus Technology Inc that is +18.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Generalplus Technology Inc (4952) delivered so far?
Over the past 5 years revenue at Generalplus Technology Inc grew -6.0 % a year. The price currently implies free-cash-flow growth of +18.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Generalplus Technology Inc (4952) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Generalplus Technology Inc (+18.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Generalplus Technology Inc (4952)?
The free-cash-flow yield on the price is 3.65 %: that much free cash flow Generalplus Technology Inc produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Generalplus Technology Inc (4952)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Generalplus Technology Inc it is 37.46 TWD per share (as of Nov 8, 2026), against a price of 42.60 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Generalplus Technology Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 4952 trades above its calculated fair value: price 42.60 TWD, fair value 37.46 TWD, a gap of about −12% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 4952?
No. The price is what the market pays today (42.60 TWD); the fair value is what the company's own numbers justify (37.46 TWD). For Generalplus Technology Inc the two are 5.14 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Generalplus Technology Inc worth?
The market values Generalplus Technology Inc at about 4.6B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 42.60 TWD; our models calculate a fair value of 37.46 TWD per share.
What do the bullish and bearish scenarios say about 4952?
Our models span a range for Generalplus Technology Inc: cautious scenario 32.78 TWD, base 37.46 TWD, optimistic 45.87 TWD per share (as of Nov 8, 2026, price 42.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4952?
Generalplus Technology Inc trades at a price-to-earnings ratio of 24.1 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 37.46 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 16.4. Other multiples: P/B 2.2, P/S 2.0, EV/EBITDA 17.5.
How solid is the balance sheet of Generalplus Technology Inc (4952)?
Balance-sheet figures for Generalplus Technology Inc (as of Nov 8, 2026): return on equity 9.1%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 4952 from its 52-week high?
Generalplus Technology Inc trades at 42.60 TWD, about 29% below its 52-week high of 60.10 TWD and 24% above the low of 34.40 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 37.46 TWD is for.
Which stocks are comparable to Generalplus Technology Inc?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Generalplus Technology Inc stock attractive at the current price?
The data as of Nov 8, 2026: price 42.60 TWD, calculated fair value 37.46 TWD (−12%), Quality Score 63/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 4952 calculated?
We run Generalplus Technology Inc through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 37.46 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Generalplus Technology Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Generalplus Technology Inc (4952)?
The closing price on Nov 9, 2026 was 42.60 TWD. Our model-based fair value is 37.46 TWD, about 12% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Generalplus Technology Inc right now?
Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Generalplus Technology Inc (4952) come from?
Earnings per share at Generalplus Technology Inc grew −7.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share −3.1 %, EBIT margin −6.5 %, tax rate +0.9 %, residual (interest, one-offs) +1.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Generalplus Technology Inc
How large is the market capitalisation of Generalplus Technology Inc (4952)?
The market capitalisation of Generalplus Technology Inc is 4.6B TWD (≈ $141M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Generalplus Technology Inc (4952)?
The price-to-sales ratio of Generalplus Technology Inc is 1.97 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Generalplus Technology Inc (4952)?
Earnings per share at Generalplus Technology Inc are 1.77 TWD (price ÷ EPS = P/E 24.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Generalplus Technology Inc (4952)?
The dividend yield of Generalplus Technology Inc is 2.3% (payout 56.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Generalplus Technology Inc (4952)?
The net margin of Generalplus Technology Inc is 8.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Generalplus Technology Inc (4952)?
The return on equity (ROE) of Generalplus Technology Inc is 9.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Generalplus Technology Inc (4952)?
On an EBIT basis the return on assets of Generalplus Technology Inc is 11.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Generalplus Technology Inc (4952)?
The operating margin of Generalplus Technology Inc is 15.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Generalplus Technology Inc (4952)?
Revenue at Generalplus Technology Inc is growing +25.2% versus a year earlier (3y avg −12.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Generalplus Technology Inc (4952)?
Earnings per share at Generalplus Technology Inc are growing +131% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Generalplus Technology Inc (4952) hold?
Generalplus Technology Inc holds more cash than debt, 683M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026