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Vate Technology Co Ltd (5344) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Vate Technology Co Ltd TWD 7.66, price TWD 13.60, upside -43.7%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · TW · ISIN TW0005344006

VT Thin data Sep 24, 2026

Vate Technology Co Ltd

5344 · TWO

Weakest SetupStrongly overvalued and low quality.

!Fair value 7.66 TWD · Strongly overvalued (−44%)
!Quality 43/100
!Weak Growth (revenue 5y −0.7 %/yr)
!Loss-making · -0.9% net margin (TTM)
!negative free cash flow
!Trails peers (3/9)
!Narrow moat 16/100
!Evidence only low, so the estimate is less certain
!Weak on future: 28 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

39.75 TWD 11.70 TWD Fair Value 7.66 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 11.70 TWD – 39.75 TWD · fair‑value band 5.80 TWD – 9.54 TWD · the 13.60 TWD price screens above the 7.66 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Vate Technology Co., Ltd. provides integrated circuit (IC) testing services in Taiwan. The company offers IC testing services related to the service of wafer probing and final testing; BURN IN, a test service on electrical components and final products; and LED lighting equipment.

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Vate Technology Co., Ltd. provides integrated circuit (IC) testing services in Taiwan. The company offers IC testing services related to the service of wafer probing and final testing; BURN IN, a test service on electrical components and final products; and LED lighting equipment. It provides chip probing tests, final tests, SLT system module tests, CMOS image sensor testing, and back-end services, as well as sells LED panel light products. The company was founded in 1977 and is based in Hsinchu City, Taiwan.

Stock analysis

Vate Technology Co Ltd (5344) currently trades at 13.60 TWD, while our model-based Fair Value estimate is 7.66 TWD, implying the stock looks roughly 77.6% overvalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: 5.80 TWD (bear) to 9.54 TWD (bull), the price of 13.60 TWD sits above 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 43/100 (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.

Vate Technology Co Ltd reported revenue of 340M TWD in FY2025 versus 385M TWD in FY2021, a compound −3.1%/yr. Reported net income was −31.1M TWD in FY2025.

Key figures

Market cap 1.1B TWD (≈ $34.0M) · P/S ratio 2.94 · EPS (TTM) −0.0400 TWD · Net margin −9.1% · Return on equity −0.7% · Return on assets (EBIT) 1.2% · Operating margin −2.1% · Revenue (TTM) 364M TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 28% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −41% fair-value upside, at −44%, 5344 screens richer than that median.

Fair Value models

Bear 5.80 TWD Fair Value 7.66 TWD Bull 9.54 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.
Highest evidence
EV/EBITDA 3.60 TWD 4.53 TWD 5.46 TWD 64
NCAV (Graham) 3.16 TWD 4.23 TWD 6.32 TWD 51
All 2 models by family
Multiples
EV/EBITDA 3.60 TWD 4.53 TWD 5.46 TWD 64
Asset-Based
NCAV (Graham) 3.16 TWD 4.23 TWD 6.32 TWD 51

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Quality Score breakdown

Overall quality 43/100

Of which business quality 43 · Market factors (momentum, volatility) 35

Profitability 8
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 3/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−3.5%
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.
+8.4%
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.
−0.7%
Start year 2020 (pandemic)
Revenue growth 6 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.
+8.3%
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.
12.4% (2020) → −11.4% (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

5344 screens 78% overvalued. Compare with NVIDIA Corporation →

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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.Semiconductors · 338 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 43 · Bottom 25%
Fair Value upside −44% · Above median
Profitability
Return on assets −3% · Bottom 25%
Net margin (TTM) −1% · Below median
Operating margin (TTM) −2% · Bottom 25%
Growth and dividend
Revenue growth 6% · Below median

Valuation Multiplesvs Semiconductors median · lower = cheaper

P/B 0.07× · Cheapest 25%
P/S (TTM) 0.09× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)28 · sector 64
PAST (return on equity)0 · sector 22
HEALTH (low debt)0 · sector 95
DIVIDEND (yield)0 · sector 20

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $225.51 $198.56 −12%
Taiwan Semiconductor Manufacturing Company TSM $452.00 $497.20 +10%
Broadcom Inc AVGO $354.99 $303.10 −15%
Micron Technology, Inc MU $1,081 $151.51 −86%
Advanced Micro Devices, Inc AMD $629.26 $122.60 −81%
SK hynix Inc 000660 1,862,000 KRW 2,048,200 KRW +10%
Intel Corporation INTC $127.39 $33.67 −74%
Arm Holdings ARM $306.34 $44.44 −85%
MediaTek Inc 2454 5,285 TWD 3,142 TWD −41%
Texas Instruments Incorporated TXN $270.65 $81.75 −70%

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Vate Technology Co Ltd · Fair Value
7.66 TWD −78%Fair Value
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Cite: Fair Value Calculator (2026). "Vate Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/5344

Frequently asked questions

Is Vate Technology Co Ltd (5344) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 7.66 TWD versus a price of 13.60 TWD, about −44% upside (overvalued).
What is the fair value of 5344?
Our model-based fair value for Vate Technology Co Ltd is 7.66 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 13.60 TWD.
What is the quality score of 5344?
Vate Technology Co Ltd has a Quality Score of 43/100. 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 Vate Technology Co Ltd (5344)?
Our model-based price target is the fair value of 7.66 TWD (as of Sep 24, 2026) from 2 valuation models. Cautious scenario 5.80 TWD, optimistic scenario 9.54 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Vate Technology Co Ltd stock forecast for 2026?
Our models put fair value at 7.66 TWD, about −44% upside versus a price of 13.60 TWD (overvalued). Cautious scenario 5.80 TWD, optimistic scenario 9.54 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Vate Technology Co Ltd (5344)?
Vate Technology Co Ltd reported trailing-twelve-month revenue of about 364M TWD (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Vate Technology Co Ltd (5344)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vate Technology Co Ltd it is 7.66 TWD per share (as of Sep 24, 2026), against a price of 13.60 TWD. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Vate Technology Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 5344 trades above its calculated fair value: price 13.60 TWD, fair value 7.66 TWD, a gap of about −44% (overvalued). 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 5344?
No. The price is what the market pays today (13.60 TWD); the fair value is what the company's own numbers justify (7.66 TWD). For Vate Technology Co Ltd the two are 5.94 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Vate Technology Co Ltd worth?
The market values Vate Technology Co Ltd at about 1.1B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 13.60 TWD; our models calculate a fair value of 7.66 TWD per share.
What do the bullish and bearish scenarios say about 5344?
Our models span a range for Vate Technology Co Ltd: cautious scenario 5.80 TWD, base 7.66 TWD, optimistic 9.54 TWD per share (as of Sep 24, 2026, price 13.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Vate Technology Co Ltd (5344)?
Balance-sheet figures for Vate Technology Co Ltd (as of Sep 24, 2026): return on equity −0.7%. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 5344 from its 52-week high?
Vate Technology Co Ltd trades at 13.60 TWD, about 28% below its 52-week high of 18.90 TWD and 5% above the low of 13.00 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 7.66 TWD is for.
Which stocks are comparable to Vate Technology Co Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, 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 Vate Technology Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 13.60 TWD, calculated fair value 7.66 TWD (−44%), Quality Score 43/100, from 2 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 5344 calculated?
We run Vate Technology Co Ltd through 2 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 7.66 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 14.0 % above its aggregate fair value. Vate Technology Co Ltd itself currently trades above fair value. 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 Vate Technology Co Ltd (5344)?
The closing price on Sep 24, 2026 was 13.60 TWD. Our model-based fair value is 7.66 TWD, about −44% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vate Technology Co Ltd right now?
The price sits above even our optimistic bull case (9.54 TWD). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Vate Technology Co Ltd

How large is the market capitalisation of Vate Technology Co Ltd (5344)?
The market capitalisation of Vate Technology Co Ltd is 1.1B TWD (≈ $34.0M). 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 Vate Technology Co Ltd (5344)?
The price-to-sales ratio of Vate Technology Co Ltd is 2.94 (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 Vate Technology Co Ltd (5344)?
Earnings per share at Vate Technology Co Ltd are −0.0400 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Vate Technology Co Ltd (5344)?
The net margin of Vate Technology Co Ltd is −9.1% (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 Vate Technology Co Ltd (5344)?
The return on equity (ROE) of Vate Technology Co Ltd is −0.7% (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 Vate Technology Co Ltd (5344)?
On an EBIT basis the return on assets of Vate Technology Co Ltd 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 Vate Technology Co Ltd (5344)?
The operating margin of Vate Technology Co Ltd is −2.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vate Technology Co Ltd (5344)?
Revenue at Vate Technology Co Ltd is growing +5.5% versus a year earlier (3y avg +8.4%). 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 Vate Technology Co Ltd (5344)?
Earnings per share at Vate Technology Co Ltd are growing −61.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Vate Technology Co Ltd (5344) generate?
The free cash flow of Vate Technology Co Ltd is −39.9M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Vate Technology Co Ltd (5344) hold?
Vate Technology Co Ltd holds more cash than debt, 8.6M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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