Max Echo Technology Corp. (5228) fair value: what the stock is really worth
We calculate from audited financials what Max Echo Technology Corp. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 14.40 TWD – 76.20 TWD · fair‑value band 60.72 TWD – 69.90 TWD · the 39.75 TWD price screens below the 64.52 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Max Echo Technology Corp. manufactures and sells chip beads and chip inductor in Taiwan.
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Max Echo Technology Corp. manufactures and sells chip beads and chip inductor in Taiwan. It offers inductors, such as high frequency ceramic chip, wire wound ceramic chip, multilayer ferrite power chip, multilayer ferrite chip inductor products; ferrite chip beads, including multilayer ferrite chip beads and multilayer high frequency ferrite chip beads; wire wound common mode filters; flexible sintered ferrite sheets; and wireless charging coils. The company's products are used in communication, automotive, industrial, energy management system, consumer product, and medical device applications. The company was founded in 1992 and is headquartered in Taichung, Taiwan.
Stock analysis
Max Echo Technology Corp. (5228) currently trades at 39.75 TWD, while our model-based Fair Value estimate is 64.52 TWD, implying the stock looks roughly 38.4% undervalued today.
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Valuation
How firm this estimate is: it rests on 13 models at a data quality of 95/100, which puts the evidence level at medium.
Scenario range: 60.72 TWD (bear) to 69.90 TWD (bull), the price of 39.75 TWD sits below 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 64/100 (solid 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.
Max Echo Technology Corp. reported revenue of 542M TWD in FY2025 versus 707M TWD in FY2021, a compound −6.4%/yr. Reported net income was −7.7M TWD in FY2025.
Key figures
Market cap 1.6B TWD (≈ $51.5M) · P/E ratio 21.1 · P/S ratio 2.68 · EPS (TTM) −0.2000 TWD · Dividend yield 0.4% · Net margin −1.4% · Return on equity 6.3% · Return on assets (EBIT) −1.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 51% below its 52-week high and 161% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −65% fair-value upside, at 62%, 5228 screens cheaper than that median.
Fair Value models
Bear 60.72 TWDFair Value 64.52 TWDBull 69.90 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.38/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+25.8%
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.
−7.7%
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
10.3% (2021) → −1.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
+55.2%
Yearly growth needed for the next five years to justify today's price.
Compare Max Echo Technology Corp. 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.Electronic Components · 644 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets4% · Above median
Net margin (TTM)12% · Top 25%
Operating margin (TTM)15% · Top 25%
Growth and dividend
Revenue growth49% · Top 25%
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.89× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Is Max Echo Technology Corp. (5228) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 64.52 TWD versus a price of 39.75 TWD, about +62% upside (undervalued).
What is the fair value of 5228?
Our model-based fair value for Max Echo Technology Corp. is 64.52 TWD (as of Sep 13, 2026), built from audited fundamentals. The current price: 39.75 TWD.
What is the quality score of 5228?
Max Echo Technology Corp. has a Quality Score of 64/100. 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 Max Echo Technology Corp. (5228)?
Our model-based price target is the fair value of 64.52 TWD (as of Sep 13, 2026) from 3 valuation models. Cautious scenario 60.72 TWD, optimistic scenario 69.90 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Max Echo Technology Corp. stock forecast for 2026?
Our models put fair value at 64.52 TWD, about +62% upside versus a price of 39.75 TWD (undervalued). Cautious scenario 60.72 TWD, optimistic scenario 69.90 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Max Echo Technology Corp. (5228)?
Max Echo Technology Corp. reported trailing-twelve-month revenue of about 600M TWD (latest available figure, as of Sep 13, 2026).
Does Max Echo Technology Corp. pay a dividend?
Max Echo Technology Corp. currently shows a dividend yield of about 0.43% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Max Echo Technology Corp. (5228)?
For today's price to be fair in a discounted-cash-flow model, Max Echo Technology Corp. would have to grow free cash flow by +55.2 % per year for five years (discount rate 15.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew -6.4 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 5228 use?
Our models discount Max Echo Technology Corp. at 15.1 %: a base by market capitalisation (micro), damped by beta 1.54, 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 Max Echo Technology Corp. that is +55.2 % per year a year over ten years, using the same discount rate (15.1 %) and the same formula as our fair value.
How much growth has Max Echo Technology Corp. (5228) delivered so far?
Over the past 4 years revenue at Max Echo Technology Corp. grew -6.4 % a year. The price currently implies +55.2 % 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 Max Echo Technology Corp. (5228) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Max Echo Technology Corp. (+55.2 % 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 Max Echo Technology Corp. (5228)?
The free-cash-flow yield on the price is 1.41 %: that much free cash flow Max Echo Technology Corp. produces per unit of market value. When it exceeds the discount rate of our models (15.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Max Echo Technology Corp. (5228)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Max Echo Technology Corp. it is 64.52 TWD per share (as of Sep 13, 2026), against a price of 39.75 TWD. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Max Echo Technology Corp. stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 5228 trades below its calculated fair value: price 39.75 TWD, fair value 64.52 TWD, a gap of about +62% (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 5228?
No. The price is what the market pays today (39.75 TWD); the fair value is what the company's own numbers justify (64.52 TWD). For Max Echo Technology Corp. the two are 24.77 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Max Echo Technology Corp. worth?
The market values Max Echo Technology Corp. at about 1.6B TWD (market capitalisation, as of Sep 13, 2026). Per share that is 39.75 TWD; our models calculate a fair value of 64.52 TWD per share.
What do the bullish and bearish scenarios say about 5228?
Our models span a range for Max Echo Technology Corp.: cautious scenario 60.72 TWD, base 64.52 TWD, optimistic 69.90 TWD per share (as of Sep 13, 2026, price 39.75 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5228?
Max Echo Technology Corp. trades at a price-to-earnings ratio of 21.1 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 64.52 TWD is built from several models across several years. Other multiples: P/B 3.2, P/S 2.5, EV/EBITDA 19.0.
How solid is the balance sheet of Max Echo Technology Corp. (5228)?
Balance-sheet figures for Max Echo Technology Corp. (as of Sep 13, 2026): return on equity 14.4%, debt of 0.89 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 5228 from its 52-week high?
Max Echo Technology Corp. trades at 39.75 TWD, about 51% below its 52-week high of 80.70 TWD and 161% above the low of 15.25 TWD (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 64.52 TWD is for.
Which stocks are comparable to Max Echo Technology Corp.?
From the same area (Technology) we also value Amphenol Corporation, Corning Incorporated, Delta Electronics, Inc, Hon Hai Precision Industry Co, 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 Max Echo Technology Corp. stock attractive at the current price?
The data as of Sep 13, 2026: price 39.75 TWD, calculated fair value 64.52 TWD (+62%), Quality Score 64/100, from 3 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 5228 calculated?
We run Max Echo Technology Corp. through 3 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 64.52 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 15.8 % above its aggregate fair value. Max Echo Technology Corp. currently trades 62 % 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 should I pay attention to with Max Echo Technology Corp. right now?
The price is below even our cautious bear case (60.72 TWD). The market is more pessimistic than our downside scenario. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Max Echo Technology Corp.
How large is the market capitalisation of Max Echo Technology Corp. (5228)?
The market capitalisation of Max Echo Technology Corp. is 1.6B TWD (≈ $51.5M). 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 Max Echo Technology Corp. (5228)?
The price-to-sales ratio of Max Echo Technology Corp. is 2.68 (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 Max Echo Technology Corp. (5228)?
Earnings per share at Max Echo Technology Corp. are −0.2000 TWD (price ÷ EPS = P/E 21.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Max Echo Technology Corp. (5228)?
The dividend yield of Max Echo Technology Corp. is 0.4%. 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 Max Echo Technology Corp. (5228)?
The net margin of Max Echo Technology Corp. is −1.4% (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 Max Echo Technology Corp. (5228)?
The return on equity (ROE) of Max Echo Technology Corp. is 6.3% (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 Max Echo Technology Corp. (5228)?
On an EBIT basis the return on assets of Max Echo Technology Corp. is −1.2% (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 Max Echo Technology Corp. (5228)?
The operating margin of Max Echo Technology Corp. is 20.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Max Echo Technology Corp. (5228)?
Revenue at Max Echo Technology Corp. is growing +48.2% versus a year earlier (3y avg −7.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Max Echo Technology Corp. (5228) carry?
The net debt of Max Echo Technology Corp. is 469M TWD (fiscal year 2025, ≈ 22.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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