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Vanguard International Semiconductor (5347) Fair Value & Analysis

Technology · TW · Market cap 317B TWD (≈ $10.0B) · ISIN TW0005347009

What is Vanguard International Semiconductor really worth?

VI Vanguard International Semiconductor 5347 · TWO
Price150.00 TWD
Fair Value85.58 TWD
Upside−43.0%
Quality43/100

Below-average quality, and trading another 75% above our fair value of 85.58 TWD.

As of Aug 27, 2026, the fair value of Vanguard International Semiconductor is 85.58 TWD per share against a price of 150.00 TWD, so the fair value sits 43% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Solidly profitable · 15.7% net margin
Ranks above peers (9/14)

Risks

!Weak Growth (revenue 5y +8.0 %/yr)
!Low debt · negative free cash flow
!Moderate moat 52/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 25 out of 100

For context

·3.00% dividend yield
Evidence: Medium Range 59.91 TWD – 111.25 TWD

Fair value as of: Aug 27, 2026

From 16 valuation models · updated 10 days ago

Share price −4.5% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (111.25 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.
  • A fairly wide model range (59.91 TWD to 111.25 TWD) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

215.03 TWD 51.70 TWD Fair Value 85.58 TWD Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range 51.70 TWD – 215.03 TWD · fair‑value band 59.91 TWD – 111.25 TWD · the 150.00 TWD price screens above the 85.58 TWD fair value. Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Vanguard International Semiconductor (5347) currently trades at 150.00 TWD, while our model-based Fair Value estimate is 85.58 TWD, implying the stock looks roughly 75.3% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 85.58 TWD per share, and 1 of the 16 models we run sit above the 150.00 TWD price. Bear case: the Asset-Based group reads lowest at 22.78 TWD, and 15 of the 16 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Vanguard International Semiconductor generated revenue of 49.2B TWD at a net margin of 15.7%. Revenue grew 4.9% year over year. It earns a return on equity of 9.0%. The balance sheet holds a net cash position of 7.3B TWD. Fundamentals as of Aug 27, 2026

Our scenario range runs from 59.91 TWD (bear case) to 111.25 TWD (bull case); at 150.00 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 19% below its 52-week high and 78% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −59% fair-value upside, at −43%, 5347 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Highest evidence
EPV 44.89 TWD 50.81 TWD 56.08 TWD 74
Residual Income 32.44 TWD 38.29 TWD 67.12 TWD 73
ROIC Compounder 48.44 TWD 61.85 TWD 80.14 TWD 72
All 16 models by family
Earnings-Based
Graham-Dodd 28.63 TWD 114.60 TWD 155.79 TWD 64
Lynch FV 28.50 TWD 40.71 TWD 52.92 TWD 61
PEG = 1.0 28.50 TWD 40.71 TWD 52.92 TWD 57
EPV 44.89 TWD 50.81 TWD 56.08 TWD 74
Dividend Discount
Gordon GGM 43.02 TWD 93.91 TWD 158.01 TWD 65
DDM Multi-Stage 43.02 TWD 76.93 TWD 97.87 TWD 66
Multiples
P/E Multiple 88.41 TWD 117.88 TWD 147.34 TWD 63
P/S Multiple 53.68 TWD 71.57 TWD 89.46 TWD 58
P/B Multiple 53.68 TWD 71.57 TWD 89.46 TWD 55
EV/EBIT 85.79 TWD 110.62 TWD 135.45 TWD 66
EV/EBITDA 128.63 TWD 167.74 TWD 206.85 TWD 67
EV/Revenue 48.95 TWD 65.09 TWD 81.23 TWD 54
Asset-Based
NCAV (Graham) 17.00 TWD 22.78 TWD 34.01 TWD 54
Economic Profit
Residual Income 32.44 TWD 38.29 TWD 67.12 TWD 73
ROIC Compounder 48.44 TWD 61.85 TWD 80.14 TWD 72
Growth Earnings
Growth-Adj P/E 59.91 TWD 85.58 TWD 111.25 TWD 67

Widest divergence: Growth Earnings (85.58 TWD) versus Asset-Based (22.78 TWD). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 35.5
P/S ratio 5.78 P/E × margin
EPS (TTM) 4.22 TWD price ÷ EPS = P/E 35.5
Dividend yield 3.0% payout 107%
Net margin 16.3% FY2025
Return on equity 9.0% TTM
More key figures
Profitability
Return on assets (EBIT) 11.3% avg 5y
Operating margin 16.7% TTM
Growth
Revenue (TTM) 49.2B TWD TTM
Revenue growth (YoY) +4.9% 3y avg −2.0%
EPS growth (YoY) −9.2%
Balance sheet & cash flow
Free cash flow −38.5B TWD FY2025
Net cash 7.3B TWD FY2023

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 46 · Market factors (momentum, volatility) 54

Profitability 36
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 13
Disciplined investing over empire-building
Low Volatility 13
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 56
Buybacks instead of dilution

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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Vanguard International Semiconductor Corporation, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices in Taiwan and internationally.

Full company description

Vanguard International Semiconductor Corporation, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices in Taiwan and internationally. The company offers various foundry process technologies, including high voltage, ultra-high voltage, bipolar CMOS DMOS, silicon on insulator, discrete, sensors, micro electro mechanical system, and embedded flash, as well as manufactures and sells masks. It also offers multiple project wafer services; mask services comprising frame generation, mask making, tape out/itapeout, and mask repairing; backend services, including front-side metallization, back side grinding and metallization, chip probe, GaN back end, WLCSP and RDL, and backend solutions; and automotive services, as well as provides intelligent manufacturing and management services. Vanguard International Semiconductor Corporation was incorporated in 1994 and is headquartered in Hsinchu City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vanguard International Semiconductor reported revenue of 48.6B TWD in FY2025 versus 44.0B TWD in FY2021, a compound +2.5%/yr. Reported net income was 7.9B TWD in FY2025, compounding −9.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
48.6B TWD
Latest YoY
+10.3%
Avg. revenue growth/yr (3Y) 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.
−2.0%
Avg. revenue growth/yr (5Y) 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.
+8.0%
Avg. revenue growth/yr (19Y) 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.
+7.2%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+5.1% · in TWD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+2.1%
Dividend yield3.0%
Trend 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.5Y 2.1% vs 10Y 2.5%, steady
Operating margin (EBIT) 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.22.6% (2020) → 16.0% (2025) · falling
Worst earnings drop98% (2009) · in TWD
Revenue +2.5%/yr
FY21 44.0B TWD
FY22 51.7B TWD
FY23 38.3B TWD
FY24 44.1B TWD
FY25 48.6B TWD
Net income −9.6%/yr
FY21 11.8B TWD
FY22 15.3B TWD
FY23 7.4B TWD
FY24 7.0B TWD
FY25 7.9B TWD
Character of growth · EPS growth decomposed (2012-2023) +11.9 % p.a.
Revenue per share +8.5 %

of which total revenue +8.9 % · buybacks/dilution −0.4 %

EBIT margin +3.9 %
Tax rate −0.5 %
Residual (interest, one-offs) −0.2 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

5347 screens 75% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Vanguard International Semiconductor Fair Value". https://www.fairvalue-calculator.com/stock/5347.TWO

Peer Group

Semiconductors · 325 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.

Quality Score 43 · Bottom 25%
Fair Value upside −43% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 3% · Above median
Net margin (TTM) 16% · Above median
Operating margin (TTM) 17% · Above median
Revenue growth 5% · Below median
Dividend yield (TTM) 3.0% · Top 25%
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 35.5× · Cheaper than median
P/B 4.95× · Pricier than median
P/S (TTM) 6.44× · Pricier than median
EV/EBITDA 18.5× · Cheaper than median
PEG 0.56× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE25 · sector 65
PAST36 · sector 25
HEALTH86 · sector 96
DIVIDEND60 · sector 18

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

Insider activity: 45/100

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 (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $227.98 $98.98 −57%
Taiwan Semiconductor Manufacturing Company TSM $427.30 $296.10 −31%
Broadcom Inc AVGO $357.90 $118.27 −67%
SK hynix Inc 000660 1,647,000 KRW 1,481,291 KRW −10%
Micron Technology, Inc MU $932.86 $148.38 −84%
Advanced Micro Devices, Inc AMD $477.57 $55.02 −88%
Intel Corporation INTC $95.80 $35.41 −63%
Texas Instruments Incorporated TXN $266.54 $78.54 −71%
QUALCOMM Incorporated QCOM $164.78 $147.20 −11%
MediaTek Inc 2454 3,845 TWD 1,559 TWD −59%

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Frequently asked questions

Is Vanguard International Semiconductor (5347) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of 85.58 TWD versus a price of 150.00 TWD, about −43% upside (overvalued).
What is the fair value of 5347?
Our model-based fair value for Vanguard International Semiconductor is 85.58 TWD (as of Aug 27, 2026), built from audited fundamentals. The current price: 150.00 TWD.
What is the quality score of 5347?
Vanguard International Semiconductor 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 Vanguard International Semiconductor (5347)?
Our model-based price target is the fair value of 85.58 TWD (as of Aug 27, 2026) from 16 valuation models. Cautious scenario 59.91 TWD, optimistic scenario 111.25 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Vanguard International Semiconductor stock forecast for 2026?
Our models put fair value at 85.58 TWD, about −43% upside versus a price of 150.00 TWD (overvalued). Cautious scenario 59.91 TWD, optimistic scenario 111.25 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Vanguard International Semiconductor (5347)?
Vanguard International Semiconductor reported trailing-twelve-month revenue of about 49.2B TWD (latest available figure, as of Aug 27, 2026).
What is the net profit margin of 5347?
The net profit margin of Vanguard International Semiconductor is about 15.7%, meaning it keeps roughly 15.7% of revenue as net income. Based on the latest reported figures.
Does Vanguard International Semiconductor pay a dividend?
Vanguard International Semiconductor currently shows a dividend yield of about 3.00% relative to its recent price (as of Aug 27, 2026).
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