Transcom Inc (5222) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Transcom Inc TWD 116, price TWD 105, upside +10.0%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Transcom, Inc. operates as a microwave device and subsystem company in Taiwan.
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Transcom, Inc. operates as a microwave device and subsystem company in Taiwan. 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 105.00 TWD, while our model-based Fair Value estimate is 115.50 TWD, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 68.14 TWD per share, and 0 of the 26 models we run sit above the 105.00 TWD price.
Bear case: the Asset-Based group reads lowest at 18.34 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 58.02 TWD (bear) to 144.75 TWD (bull), the price of 105.00 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 45/100 (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 10.5B TWD (≈ $329M) · P/E ratio 42.0 · P/S ratio 9.90 · EPS (TTM) 2.50 TWD · Dividend yield 2.4% · Net margin 23.6% · Return on equity 7.5% · Return on assets (EBIT) 13.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −34% fair-value upside, at 10%, 5222 screens cheaper than that median.
Fair Value models
Bear 58.02 TWDFair Value 115.50 TWDBull 144.75 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.
+1.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.4%
Dividend (yield on the price)2.4%
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% vs 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%
Start year 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).
+37.6%
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 +35.4% 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 · 217 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
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 Sep 24, 2026, our model estimates a fair value of 115.50 TWD versus a price of 105.00 TWD, about +10% upside (undervalued).
What is the fair value of 5222?
Our model-based fair value for Transcom Inc is 115.50 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 105.00 TWD.
What is the quality score of 5222?
Transcom Inc has a Quality Score of 45/100. 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 115.50 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 58.02 TWD, optimistic scenario 144.75 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 115.50 TWD, about +10% upside versus a price of 105.00 TWD (undervalued). Cautious scenario 58.02 TWD, optimistic scenario 144.75 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 866M TWD (latest available figure, as of Sep 24, 2026).
Does Transcom Inc pay a dividend?
Transcom Inc currently shows a dividend yield of about 2.38% relative to its recent price (as of Sep 24, 2026).
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 +37.6 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 5222 use?
Our models discount Transcom Inc at 10.3 %: a base by market capitalisation (small), damped by beta 0.38, 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 +37.6 % per year a year over ten years, using the same discount rate (10.3 %) 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 +37.6 % per year free-cash-flow growth a 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 +8.2 % a year. That is the yardstick for the growth priced into Transcom Inc (+37.6 % per year a 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 1.26 %: that much free cash flow Transcom Inc produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), 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 115.50 TWD per share (as of Sep 24, 2026), against a price of 105.00 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Transcom Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 5222 trades below its calculated fair value: price 105.00 TWD, fair value 115.50 TWD, a gap of about +10% (undervalued). 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 (105.00 TWD); the fair value is what the company's own numbers justify (115.50 TWD). For Transcom Inc the two are 10.50 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 10.5B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 105.00 TWD; our models calculate a fair value of 115.50 TWD per share.
What do the bullish and bearish scenarios say about 5222?
Our models span a range for Transcom Inc: cautious scenario 58.02 TWD, base 115.50 TWD, optimistic 144.75 TWD per share (as of Sep 24, 2026, price 105.00 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 42.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 115.50 TWD is built from several models across several years. Other multiples: P/B 4.2, P/S 12.1, EV/EBITDA 38.5.
How solid is the balance sheet of Transcom Inc (5222)?
Balance-sheet figures for Transcom Inc (as of Sep 24, 2026): return on equity 7.5%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 5222 from its 52-week high?
Transcom Inc trades at 105.00 TWD, about 25% below its 52-week high of 140.53 TWD and 11% above the low of 94.55 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 115.50 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 Sep 24, 2026: price 105.00 TWD, calculated fair value 115.50 TWD (+10%), Quality Score 45/100, 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 115.50 TWD, 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 14.1 % above its aggregate fair value. Transcom Inc currently trades 10 % 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 Sep 24, 2026 was 105.00 TWD. Our model-based fair value is 115.50 TWD, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Transcom Inc right now?
A fairly wide model range (58.02 TWD to 144.75 TWD) leaves room in how you read the outcome. 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 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 10.5B TWD (≈ $329M). 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 9.90 (P/E × margin). 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 2.50 TWD (price ÷ EPS = P/E 42.0). 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 2.4% (payout 100%). 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 23.6% (fiscal year 2025). 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 7.5% (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 17.4% (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 −33.3% 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 −73.5% 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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