Sercomm Corp (5388) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sercomm Corp stock TWD 78.63, price TWD 64.50, upside +21.9%, quality 41 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 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 5, 2026.
How to read this chart
60‑month range 55.54 TWD – 149.00 TWD · fair‑value band 44.54 TWD – 103.22 TWD · the 64.50 TWD price screens below the 78.63 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Sercomm Corporation engages in the provision of integrated networking and telecom solutions, and equipment in the Americas, Asia, Europe, and internationally. The company offers mobile IOT devices, customer premises equipment, small cell and mobile module solutions.
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It also offers IoT solutions such as monitoring, safety and security, mobility, and home control solutions.
In addition, the company provides broadband solutions including network repeater, FWA CPE, FTTx, DOCSIS, home connectivity, and streamer solutions; and private network solutions comprising small cell, switch, SMB camera, IoT sensor solutions.
Further, it offers enterprise solutions and network; and software-defined wide area network services. The company serves first-tier telecom operators, retail brands, and service providers. Sercomm Corporation was incorporated in 1992 and is based in Taipei, Taiwan.
Stock analysis
Sercomm Corp (5388) currently trades at 64.50 TWD, while our model-based Fair Value estimate is 78.63 TWD, implying the stock looks roughly 18% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 119.84 TWD per share, and 14 of the 24 models we run sit above the 64.50 TWD price.
Bear case: the Asset-Based group reads lowest at 22.96 TWD, and 10 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 44.54 TWD (bear) to 103.22 TWD (bull), the price of 64.50 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 41/100 (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.
Sercomm Corp reported revenue of 54.0B TWD in FY2025 versus 43.9B TWD in FY2021, a compound +5.3%/yr. Reported net income was 1.2B TWD in FY2025, compounding +8.6%/yr from FY2021.
Key figures
Market cap 19.3B TWD (≈ $590M) Small · P/E ratio 14.6 · P/S ratio 0.29 · EPS (TTM) 4.41 TWD · Dividend yield 3.9% · Net margin 2.0% · Return on equity 8.7% · Return on assets (EBIT) 5.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 31% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at 22%, 5388 screens cheaper than that median.
Fair Value models
Bear44.54 TWDFair Value 78.63 TWDBull103.22 TWD
Price 64.50 TWD · Upside +21.9%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.63 TWD per share) are deliberately not added.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
−4.9%
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.
−5.8%
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.
+8.4%
Start year 2020 (pandemic). Over 10 years: +4.4% a year
Revenue growth 23 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.
+15.7%
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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.
+6.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.6%
Dividend (yield on the price)3.9%
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.2.6% vs −2.7%, picking up
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.3% → 3%
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 and more than analysts expect.
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).
+60.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+19.1%
Yearly sales growth analysts expect, extended to five years.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +57.6% a year for the price and +17.2% for the forecasts.
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.Communication Equipment · 302 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside+21.9% · Top 25%
Profitability
Return on equity (12 months)8.7% · Above median
Return on assets2.5% · Above median
Net margin (12 months)2.0% · Below median
Operating margin (12 months)3.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)68.8% · Top 25%
Dividend yield (12 months)3.9% · Top 25%
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
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). "Sercomm Corp Fair Value". https://www.fairvalue-calculator.com/stock/5388
Frequently asked questions
Is Sercomm Corp (5388) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 78.63 TWD versus a price of 64.50 TWD, about +22% upside (undervalued).
What is the fair value of 5388?
Our model-based fair value for Sercomm Corp is 78.63 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 64.50 TWD.
What is the quality score of 5388?
Sercomm Corp has a Quality Score of 41/100. 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 Sercomm Corp (5388)?
Our model-based price target is the fair value of 78.63 TWD (as of Nov 5, 2026) from 24 valuation models. Cautious scenario 44.54 TWD, optimistic scenario 103.22 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Sercomm Corp stock forecast for 2026?
Our models put fair value at 78.63 TWD, about +22% upside versus a price of 64.50 TWD (undervalued). Cautious scenario 44.54 TWD, optimistic scenario 103.22 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Sercomm Corp (5388)?
Sercomm Corp reported trailing-twelve-month revenue of about 67.7B TWD (latest available figure, as of Nov 5, 2026).
Does Sercomm Corp pay a dividend?
Sercomm Corp currently shows a dividend yield of 3.88% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Sercomm Corp (5388) and when is the ex-dividend date?
Sercomm Corp pays a dividend of 2.50 TWD per share a year, a dividend yield of 3.9%. The last ex-dividend date was Apr 9, 2026. The payout ratio is 56.7% of earnings. Free cash flow covers the dividend 0.12 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Sercomm Corp (5388)?
For today's price to be fair in a discounted-cash-flow model, Sercomm Corp would have to grow free cash flow by +60.1 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.4 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 5388 use?
Our models discount Sercomm Corp at 10.6 %: a base by market capitalisation (small), damped by beta 0.58, 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 Sercomm Corp that is +60.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Sercomm Corp (5388) delivered so far?
Over the past 5 years revenue at Sercomm Corp grew +8.4 % a year. The price currently implies free-cash-flow growth of +60.1 % 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 Sercomm Corp (5388) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Sercomm Corp (+60.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sercomm Corp (5388)?
The free-cash-flow yield on the price is 0.47 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Sercomm Corp produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sercomm Corp (5388)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sercomm Corp it is 78.63 TWD per share (as of Nov 5, 2026), against a price of 64.50 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sercomm Corp stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 5388 trades below its calculated fair value: price 64.50 TWD, fair value 78.63 TWD, a gap of about +22% (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 5388?
No. The price is what the market pays today (64.50 TWD); the fair value is what the company's own numbers justify (78.63 TWD). For Sercomm Corp the two are 14.13 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Sercomm Corp worth?
The market values Sercomm Corp at about 19.3B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 64.50 TWD; our models calculate a fair value of 78.63 TWD per share.
What do the bullish and bearish scenarios say about 5388?
Our models span a range for Sercomm Corp: cautious scenario 44.54 TWD, base 78.63 TWD, optimistic 103.22 TWD per share (as of Nov 5, 2026, price 64.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5388?
Sercomm Corp trades at a price-to-earnings ratio of 14.6 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 78.63 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 17.6. Other multiples: PEG 1.0, P/B 1.2, P/S 0.3, EV/EBITDA 5.8.
What is the PEG ratio of 5388?
The PEG ratio of Sercomm Corp is 1.01 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Sercomm Corp (5388)?
Balance-sheet figures for Sercomm Corp (as of Nov 5, 2026): return on equity 8.7%, debt of 0.18 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 5388 from its 52-week high?
Sercomm Corp trades at 64.50 TWD, about 31% below its 52-week high of 93.60 TWD and at the low of 64.50 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 78.63 TWD is for.
Which stocks are comparable to Sercomm Corp?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, 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 Sercomm Corp stock attractive at the current price?
The data as of Nov 5, 2026: price 64.50 TWD, calculated fair value 78.63 TWD (+22%), Quality Score 41/100, from 24 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 5388 calculated?
We run Sercomm Corp through 24 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 78.63 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 13.0% above its aggregate fair value. Sercomm Corp currently trades 18% 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 Sercomm Corp (5388)?
The closing price on Nov 6, 2026 was 64.50 TWD. Our model-based fair value is 78.63 TWD, about +22% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sercomm Corp right now?
A fairly wide model range (44.54 TWD to 103.22 TWD) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Sercomm Corp (5388) come from?
Earnings per share at Sercomm Corp grew +3.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.0 %, EBIT margin −1.1 %, tax rate −0.1 %, residual (interest, one-offs) −0.4 %. 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 Sercomm Corp
How large is the market capitalisation of Sercomm Corp (5388)?
The market capitalisation of Sercomm Corp is 19.3B TWD (≈ $590M). 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 Sercomm Corp (5388)?
The price-to-sales ratio of Sercomm Corp is 0.29 (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 Sercomm Corp (5388)?
Earnings per share at Sercomm Corp are 4.41 TWD (price ÷ EPS = P/E 14.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sercomm Corp (5388)?
The dividend yield of Sercomm Corp is 3.9% (payout 56.7%). 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 Sercomm Corp (5388)?
The net margin of Sercomm Corp is 2.0% (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 Sercomm Corp (5388)?
The return on equity (ROE) of Sercomm Corp is 8.7% (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 Sercomm Corp (5388)?
On an EBIT basis the return on assets of Sercomm Corp is 5.1% (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 Sercomm Corp (5388)?
The operating margin of Sercomm Corp is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sercomm Corp (5388)?
Revenue at Sercomm Corp is growing +68.8% versus a year earlier (3y avg −5.8%). 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 Sercomm Corp (5388)?
Earnings per share at Sercomm Corp are growing +41.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sercomm Corp (5388) carry?
The net debt of Sercomm Corp is 257M TWD (fiscal year 2025, ≈ 2.8 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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Broad data
Nov 5, 2026