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Fitipower Integrated Technology Inc (4961) Fair Value & Analysis

Technology · TW · Market cap 19.3B TWD

FI Fitipower Integrated Technology Inc 4961 · TW
Price172.50 TWD
Fair Value165.98 TWD
Upside-3.8%
Quality51/100
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Mixed Growth
Thin margins · 5.6% net margin
generates free cash flow
4.69% dividend yield
Ranks above peers (9/13)
Narrow moat 38/100
Evidence: Medium Range 124.48 TWD – 207.48 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Share price −1.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 124.48 TWD (bear) to 207.48 TWD (bull), base 165.98 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 51/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

403.57 TWD 109.94 TWD Fair Value 165.98 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 109.94 TWD – 403.57 TWD · fair‑value band 124.48 TWD – 207.48 TWD · the 172.50 TWD price screens above the 165.98 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Fitipower Integrated Technology Inc (4961) currently trades at 172.50 TWD, while our model-based Fair Value estimate is 165.98 TWD, implying the stock looks roughly 3.8% fairly valued today. The Quality Score stands at 51/100 (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: medium).

Over the trailing twelve months, Fitipower Integrated Technology Inc generated revenue of 17.8B TWD at a net margin of 5.6%. Revenue declined 3.4% year over year. It earns a return on equity of 6.3%. The balance sheet holds a net cash position of 2.3B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 124.48 TWD (bear case) to 207.48 TWD (bull case); at 172.50 TWD, the current price sits within 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 20% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -4%, 4961 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 BearBaseBull Evidence
Highest evidence
Residual Income 119.02 TWD 125.32 TWD 131.86 TWD 76
Growth DCF 241.79 TWD 428.08 TWD 756.46 TWD 72
Gordon GGM 119.65 TWD 248.78 TWD 394.66 TWD 70
All 26 models by family
DCF Models
FCF DCF 245.84 TWD 456.30 TWD 842.65 TWD 38
Owner Earnings 162.00 TWD 294.53 TWD 537.81 TWD 31
5Y Revenue Exit 159.83 TWD 255.56 TWD 385.21 TWD 39
5Y EBITDA Exit 194.23 TWD 329.36 TWD 501.72 TWD 41
5Y P/E Exit 184.29 TWD 308.02 TWD 452.41 TWD 38
10Y Revenue Exit 182.59 TWD 285.69 TWD 445.19 TWD 36
10Y EBITDA Exit 209.43 TWD 341.02 TWD 546.60 TWD 37
10Y P/E Exit 202.72 TWD 325.03 TWD 503.68 TWD 35
Earnings-Based
Graham-Dodd 66.39 TWD 350.93 TWD 485.85 TWD 54
Lynch FV 96.57 TWD 137.96 TWD 179.35 TWD 50
PEG = 1.0 96.57 TWD 137.96 TWD 179.35 TWD 46
EPV 107.70 TWD 122.41 TWD 135.29 TWD 59
Dividend Discount
Gordon GGM 119.65 TWD 248.78 TWD 394.66 TWD 70
DDM Multi-Stage 119.65 TWD 209.78 TWD 261.10 TWD 61
Multiples
P/E Multiple 146.45 TWD 195.27 TWD 244.09 TWD 63
P/S Multiple 124.48 TWD 165.98 TWD 207.47 TWD 58
P/B Multiple 124.48 TWD 165.98 TWD 207.47 TWD 55
EV/EBIT 169.90 TWD 220.05 TWD 270.21 TWD 53
EV/EBITDA 181.24 TWD 235.18 TWD 289.12 TWD 54
EV/Revenue 120.85 TWD 164.32 TWD 207.79 TWD 43
Asset-Based
NCAV (Graham) 73.31 TWD 98.24 TWD 146.62 TWD 50
Growth DCF
Growth DCF 241.79 TWD 428.08 TWD 756.46 TWD 72
Rev-Margin DCF 159.83 TWD 254.15 TWD 381.42 TWD 67
Economic Profit
Residual Income 119.02 TWD 125.32 TWD 131.86 TWD 76
ROIC Compounder 107.70 TWD 122.41 TWD 135.29 TWD 67
Growth Earnings
Growth-Adj P/E 139.66 TWD 199.51 TWD 259.36 TWD 68

Widest divergence: DCF Models (308.02 TWD) versus Asset-Based (98.24 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 17.8B TWD
Revenue growth (YoY) -3.4%
Net margin 5.6%
Return on equity 6.3%
Free cash flow 2.0B TWD FY2025
P/E ratio 19.7
More key figures
Operating margin 6.5%
EPS (TTM) 8.19 TWD
Dividend yield 4.7%
EPS growth (YoY) -43.1%
Net cash 2.3B TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 53 · Market factors (momentum, volatility) 58

Profitability 38
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 0
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

Fitipower Integrated Technology Inc. engages in the research, design, development, production, and sale of display screen integrated circuits (ICs) and power management ICs in Taiwan.

Full company description

Fitipower Integrated Technology Inc. engages in the research, design, development, production, and sale of display screen integrated circuits (ICs) and power management ICs in Taiwan. It offers LCD driver, LED driver, and E paper display driver ICs; and power management IC products comprising EPD panel power, switching regulator, LED driver, motor driver IC, USB power switch IC, reset IC, Li-on charger IC, and low dropout regulator; and other related semiconductor solutions. The company also provides smart mobile terminal display driver chip, camera voice coil motor driver chip, fast charging protocol chip, and electronic price tag driver chip solutions The company's products are used for various applications consisting of personal consumer, Internet of Things, automotive, communications, and industrial and commercial markets. Fitipower Integrated Technology Inc. was incorporated in 1995 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

Fitipower Integrated Technology Inc reported revenue of 18.0B TWD in FY2025 versus 22.9B TWD in FY2021, a compound −5.8%/yr. Reported net income was 1.2B TWD in FY2025, compounding −33.1%/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)
18.0B TWD
Latest YoY
−6.3%
Avg. growth/yr (3Y)
−2.9%
Avg. growth/yr (5Y)
+10.6%
Avg. growth/yr (16Y)
+15.6%
Revenue −5.8%/yr
FY21 22.9B TWD
FY22 19.7B TWD
FY23 16.3B TWD
FY24 19.2B TWD
FY25 18.0B TWD
Net income −33.1%/yr
FY21 5.9B TWD
FY22 3.1B TWD
FY23 2.2B TWD
FY24 1.9B TWD
FY25 1.2B TWD

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Cite: Fair Value Calculator (2026). "Fitipower Integrated Technology Inc Fair Value". https://www.fairvalue-calculator.com/stock/4961

Peer Group

Semiconductors · 319 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 51 · Below median
Fair Value upside −4% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth -3% · Bottom 25%
Dividend yield (TTM) 4.7% · Top 25%

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 19.7× · Cheaper than 75% of peers
P/B 1.10× · Cheaper than 75% of peers
P/S (TTM) 1.09× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 10.8× · Cheaper 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 28 · sector 0
FUTURE 0 · sector 60
PAST 25 · sector 24
HEALTH 0 · sector 97
DIVIDEND 94 · sector 22

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 Jul 23, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc ZMIC C$52.57 C$7.50 -86%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Fitipower Integrated Technology Inc (4961) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 165.98 TWD versus a price of 172.50 TWD, about −4% (fairly valued).
What is the fair value of 4961?
Our model-based fair value for Fitipower Integrated Technology Inc is 165.98 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 172.50 TWD.
What is the quality score of 4961?
Fitipower Integrated Technology Inc has a Quality Score of 51/100. 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 Fitipower Integrated Technology Inc (4961)?
Fitipower Integrated Technology Inc reported trailing-twelve-month revenue of about 17.8B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 4961?
The net profit margin of Fitipower Integrated Technology Inc is about 5.6%, meaning it keeps roughly 5.6% of revenue as net income. 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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