RichWave Technology Corporation (4968) Fair Value & Analysis
Technology · TW · Market cap 9.4B TWD
Fair value as of: Jul 23, 2026
From 26 valuation models · updated 18 days ago
Share price −12.6% over the past month.
A solid business, but screening 45% overvalued on our models.
What matters now
- A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (65.08 TWD). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
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 86.28 TWD – 940,523 TWD · fair‑value band 39.87 TWD – 65.08 TWD · the 96.00 TWD price screens above the 53.17 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
RichWave Technology Corporation (4968) currently trades at 96.00 TWD, while our model-based Fair Value estimate is 53.17 TWD, implying the stock looks roughly 44.6% overvalued today. The Quality Score stands at 70/100 (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, RichWave Technology Corporation generated revenue of 3.8B TWD at a net margin of 7.1%. Revenue grew 9.5% year over year. It earns a return on equity of 10.0%. The balance sheet holds a net cash position of 628M TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 39.87 TWD (bear case) to 65.08 TWD (bull case); at 96.00 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 44% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -45%, 4968 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 26 models by family
Widest divergence: DCF Models (75.89 TWD) versus Dividend Discount (16.58 TWD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 71 · Market factors (momentum, volatility) 20
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
RichWave Technology Corporation designs, develops, and sells radio frequency (RF) integrated circuits in Taiwan, China, Korea, and internationally.
Full company description
RichWave Technology Corporation designs, develops, and sells radio frequency (RF) integrated circuits in Taiwan, China, Korea, and internationally. It offers a portfolio of RF front-end components for Wi-Fi, such as power amplifiers, low noise amplifiers, switches, and front-end modules; mobility switches, and mobility and GPS LNA products; Internet of Things (IoT) low noise amplifiers and switches; automotive front-end modules and switches; cable network switches; radar sensors; and GPS/WiFi, cellular SAW, IoT SAW, and dual SAW filters. The company also provides single-chip broadcast IC tuners, as well as a line of wireless video/audio transmission chipsets for various ISM bands. Its products are used in various applications, including networking, mobile, smart home, internet of things, wireless media, broadcasting, and automotive. The company was founded in 2004 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
RichWave Technology Corporation reported revenue of 3.8B TWD in FY2025 versus 5.3B TWD in FY2021, a compound −8.3%/yr. Reported net income was 245M TWD in FY2025, compounding −14.8%/yr from FY2021.
of which total revenue +8.2 pp · buybacks/dilution −1.8 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
4968 screens 45% overvalued. Compare with NVIDIA Corporation →
Peer Group
Semiconductors · 318 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 Semiconductors 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 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 1MU | €784.90 | €185.67 | -76% |
| 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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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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