Transcom Inc (5222) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Transcom Inc stock TWD 95.15, price TWD 86.50, upside +10.0%, quality 49 out of 100. Rating: fairly valued. Calculated from audited financials with 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 9, 2026.
How to read this chart
60‑month range 73.56 TWD – 144.55 TWD · fair‑value band 48.59 TWD – 134.45 TWD · the 86.50 TWD price screens below the 95.15 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Transcom, Inc. operates as a microwave device and subsystem company in Taiwan.
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The company offers amplifiers(GaN), including amplifiers(GaN); drone/UAV, high-power SSPA modules; C-UAS/Jammer/EW; high-power SSPA modules; GaN solid-state power amplifiers(CW), and GaN solid-state power; amplifier; MIC module; subsystem; FET chip, such as super lower noise GaAs FETs (Gallium Arsenide Field Effect Transistor), and high linearity and high efficiency GaAs Power FETs; packaged FET; monolithic microwave integrated circuits (MMIC); hybrid ICs; directional couplers; power dividers; fixed attenuators and termination products; and MIC chip capacitors; as well as technical support.
It offers MMIC foundry services. It serves customers in Israel, China, the United States, Germany, and other international markets. The company was founded in 1998 and is headquartered in Tainan City, Taiwan.
Stock analysis
Transcom Inc (5222) currently trades at 86.50 TWD, while our model-based Fair Value estimate is 95.15 TWD, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 61.94 TWD per share, and 2 of the 26 models we run sit above the 86.50 TWD price.
Bear case: the Economic Profit group reads lowest at 20.80 TWD, and 24 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 48.59 TWD (bear) to 134.45 TWD (bull), the price of 86.50 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 49/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Transcom Inc reported revenue of 954M TWD in FY2025 versus 917M TWD in FY2021, a compound +1.0%/yr. Reported net income was 225M TWD in FY2025, compounding −2.3%/yr from FY2021.
Key figures
Market cap 8.7B TWD (≈ $264M) Micro · P/E ratio 49.4 · P/S ratio 9.83 · EPS (TTM) 1.75 TWD · Dividend yield 2.6% · Net margin 19.7% · Return on equity 6.8% · Return on assets (EBIT) 13.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 8% 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 10%, 5222 screens cheaper than that median.
Fair Value models
Bear48.59 TWDFair Value 95.15 TWDBull134.45 TWD
Price 86.50 TWD · Upside +10.0%
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.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.
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 growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−26.7%
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.
−2.7%
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.
+6.2%
Start year 2020 (pandemic). Over 10 years: +20.4% a year
Revenue growth 14 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.
+15.5%
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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.
+1.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.4%
Dividend (yield on the price)2.6%
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.−1.4% vs 7.8%, 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.29% → 26%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
+37.8%
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 +35.7% a year for the price.
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.Semiconductor Equipment & Materials · 235 stocks
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Cite: Fair Value Calculator (2026). "Transcom Inc Fair Value". https://www.fairvalue-calculator.com/stock/5222
Frequently asked questions
Is Transcom Inc (5222) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 95.15 TWD versus a price of 86.50 TWD, about +10% upside (fairly valued).
What is the fair value of 5222?
Our model-based fair value for Transcom Inc is 95.15 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 86.50 TWD.
What is the quality score of 5222?
Transcom Inc has a Quality Score of 49/100. 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 Transcom Inc (5222)?
Our model-based price target is the fair value of 95.15 TWD (as of Nov 9, 2026) from 26 valuation models. Cautious scenario 48.59 TWD, optimistic scenario 134.45 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Transcom Inc stock forecast for 2026?
Our models put fair value at 95.15 TWD, about +10% upside versus a price of 86.50 TWD (fairly valued). Cautious scenario 48.59 TWD, optimistic scenario 134.45 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Transcom Inc (5222)?
Transcom Inc reported trailing-twelve-month revenue of about 882M TWD (latest available figure, as of Nov 9, 2026).
Does Transcom Inc pay a dividend?
Transcom Inc currently shows a dividend yield of 2.63% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Transcom Inc (5222) and when is the ex-dividend date?
Transcom Inc pays a dividend of 2.27 TWD per share a year, a dividend yield of 2.6%. The last ex-dividend date was Mar 30, 2026. A dividend has been paid every year since at least 2019. The payout ratio is 130% of earnings. Free cash flow covers the dividend 0.52 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into Transcom Inc (5222)?
For today's price to be fair in a discounted-cash-flow model, Transcom Inc would have to grow free cash flow by +37.8 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.2 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 5222 use?
Our models discount Transcom Inc at 11.8 %: a base by market capitalisation (micro), damped by beta 0.49, 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 Transcom Inc that is +37.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Transcom Inc (5222) delivered so far?
Over the past 5 years revenue at Transcom Inc grew +6.2 % a year. The price currently implies free-cash-flow growth of +37.8 % 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 Transcom Inc (5222) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Transcom Inc (+37.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Transcom Inc (5222)?
The free-cash-flow yield on the price is 1.53 %: that much free cash flow Transcom Inc produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Transcom Inc (5222)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Transcom Inc it is 95.15 TWD per share (as of Nov 9, 2026), against a price of 86.50 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Transcom Inc stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 5222 trades below its calculated fair value: price 86.50 TWD, fair value 95.15 TWD, a gap of about +10% (fairly valued). 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 5222?
No. The price is what the market pays today (86.50 TWD); the fair value is what the company's own numbers justify (95.15 TWD). For Transcom Inc the two are 8.65 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Transcom Inc worth?
The market values Transcom Inc at about 8.7B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 86.50 TWD; our models calculate a fair value of 95.15 TWD per share.
What do the bullish and bearish scenarios say about 5222?
Our models span a range for Transcom Inc: cautious scenario 48.59 TWD, base 95.15 TWD, optimistic 134.45 TWD per share (as of Nov 9, 2026, price 86.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5222?
Transcom Inc trades at a price-to-earnings ratio of 49.4 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 95.15 TWD is built from several models across several years. Other multiples: P/B 3.5, P/S 9.8, EV/EBITDA 34.7.
How solid is the balance sheet of Transcom Inc (5222)?
Balance-sheet figures for Transcom Inc (as of Nov 9, 2026): return on equity 6.8%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 5222 from its 52-week high?
Transcom Inc trades at 86.50 TWD, about 36% below its 52-week high of 135.18 TWD and 8% above the low of 80.30 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 95.15 TWD is for.
Which stocks are comparable to Transcom Inc?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, 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 Transcom Inc stock attractive at the current price?
The data as of Nov 9, 2026: price 86.50 TWD, calculated fair value 95.15 TWD (+10%), Quality Score 49/100, from 26 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 5222 calculated?
We run Transcom Inc through 26 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 95.15 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. Transcom Inc currently trades 9% below its own fair value, and the market average says nothing about that. 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 Transcom Inc (5222)?
The closing price on Nov 9, 2026 was 86.50 TWD. Our model-based fair value is 95.15 TWD, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Transcom Inc right now?
The model range is unusually wide (48.59 TWD to 134.45 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Where does the earnings growth of Transcom Inc (5222) come from?
Earnings per share at Transcom Inc grew +15.9 % a year from 2015 to 2025. Broken into its drivers: revenue per share +14.2 %, EBIT margin +1.3 %, tax rate −2.3 %, residual (interest, one-offs) +2.6 %. 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 Transcom Inc
How large is the market capitalisation of Transcom Inc (5222)?
The market capitalisation of Transcom Inc is 8.7B TWD (≈ $264M). 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 Transcom Inc (5222)?
The price-to-sales ratio of Transcom Inc is 9.83 (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 Transcom Inc (5222)?
Earnings per share at Transcom Inc are 1.75 TWD (price ÷ EPS = P/E 49.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Transcom Inc (5222)?
The dividend yield of Transcom Inc is 2.6% (payout 130%). 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 Transcom Inc (5222)?
The net margin of Transcom Inc is 19.7% (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 Transcom Inc (5222)?
The return on equity (ROE) of Transcom Inc is 6.8% (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 Transcom Inc (5222)?
On an EBIT basis the return on assets of Transcom Inc is 13.5% (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 Transcom Inc (5222)?
The operating margin of Transcom Inc is 16.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Transcom Inc (5222)?
Revenue at Transcom Inc is growing +7.5% versus a year earlier (3y avg −2.7%). 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 Transcom Inc (5222)?
Earnings per share at Transcom Inc are growing +8.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Transcom Inc (5222) hold?
Transcom Inc holds more cash than debt, 61.3M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 9, 2026