Sercomm Corp (5388) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Sercomm Corp TWD 79.40, price TWD 73.40, upside +8.2%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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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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. 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 73.40 TWD, while our model-based Fair Value estimate is 79.40 TWD, implying the stock looks roughly 7.6% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 79.40 TWD per share, and 13 of the 25 models we run sit above the 73.40 TWD price.
Bear case: the Growth DCF group reads lowest at 29.42 TWD, and 12 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: 49.81 TWD (bear) to 103.22 TWD (bull), the price of 73.40 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 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.
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 25.5B TWD (≈ $801M) · P/E ratio 18.6 · P/S ratio 0.41 · EPS (TTM) 3.95 TWD · Dividend yield 3.4% · Net margin 2.2% · Return on equity 7.7% · Return on assets (EBIT) 5.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (medium confidence).
What moves the price
The share trades about 30% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −46% fair-value upside, at 8%, 5388 screens cheaper than that median.
Fair Value models
Bear 49.81 TWDFair Value 79.40 TWDBull 103.22 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1.06 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.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
−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.
+6.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.6%
Dividend (yield on the price)3.4%
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.3% vs −3%, 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%
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).
+55.5%
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 +53.1% 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.Communication Equipment · 307 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside+9% · Above median
Profitability
Return on equity (TTM)8% · Above median
Return on assets2% · Above median
Net margin (TTM)2% · Below median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth47% · Top 25%
Dividend yield (TTM)3.4% · 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 Sep 23, 2026, our model estimates a fair value of 79.40 TWD versus a price of 73.40 TWD, about +8% upside (fairly valued).
What is the fair value of 5388?
Our model-based fair value for Sercomm Corp is 79.40 TWD (as of Sep 23, 2026), built from audited fundamentals. The current price: 73.40 TWD.
What is the quality score of 5388?
Sercomm Corp 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 Sercomm Corp (5388)?
Our model-based price target is the fair value of 79.40 TWD (as of Sep 23, 2026) from 25 valuation models. Cautious scenario 49.81 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 79.40 TWD, about +8% upside versus a price of 73.40 TWD (fairly valued). Cautious scenario 49.81 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 59.3B TWD (latest available figure, as of Sep 23, 2026).
Does Sercomm Corp pay a dividend?
Sercomm Corp currently shows a dividend yield of about 3.41% relative to its recent price (as of Sep 23, 2026).
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 +55.5 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 5388 use?
Our models discount Sercomm Corp at 8.7 %: a base by market capitalisation (large), damped by beta 0.55, 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 +55.5 % per year a year over ten years, using the same discount rate (8.7 %) 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 +55.5 % 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 Sercomm Corp (5388) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Sercomm Corp (+55.5 % 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 Sercomm Corp (5388)?
The free-cash-flow yield on the price is 0.42 %: that much free cash flow Sercomm Corp produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), 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 79.40 TWD per share (as of Sep 23, 2026), against a price of 73.40 TWD. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Sercomm Corp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 5388 trades below its calculated fair value: price 73.40 TWD, fair value 79.40 TWD, a gap of about +8% (fairly valued). 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 (73.40 TWD); the fair value is what the company's own numbers justify (79.40 TWD). For Sercomm Corp the two are 6.00 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 25.5B TWD (market capitalisation, as of Sep 23, 2026). Per share that is 73.40 TWD; our models calculate a fair value of 79.40 TWD per share.
What do the bullish and bearish scenarios say about 5388?
Our models span a range for Sercomm Corp: cautious scenario 49.81 TWD, base 79.40 TWD, optimistic 103.22 TWD per share (as of Sep 23, 2026, price 73.40 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 18.6 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 79.40 TWD is built from several models across several years. Other multiples: PEG 1.0, P/B 1.6, P/S 0.4, EV/EBITDA 9.0.
What is the PEG ratio of 5388?
The PEG ratio of Sercomm Corp is 1.01 (P/E divided by earnings growth, as of Sep 23, 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 Sep 23, 2026): return on equity 7.7%, debt of 0.18 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 5388 from its 52-week high?
Sercomm Corp trades at 73.40 TWD, about 30% below its 52-week high of 105.50 TWD and 3% above the low of 71.00 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 79.40 TWD is for.
Which stocks are comparable to Sercomm Corp?
From the same area (Technology) we also value Cisco Systems, Inc, Zhongji Innolight Co, Foxconn Industrial Internet Co, Eoptolink 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 Sercomm Corp stock attractive at the current price?
The data as of Sep 23, 2026: price 73.40 TWD, calculated fair value 79.40 TWD (+8%), Quality Score 43/100, from 25 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 25 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 79.40 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. Sercomm Corp currently trades 8 % 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 Sep 24, 2026 was 73.40 TWD. Our model-based fair value is 79.40 TWD, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sercomm Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (49.81 TWD to 103.22 TWD) leaves room in how you read the outcome.
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 25.5B TWD (≈ $801M). 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 0.41 (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 Sercomm Corp (5388)?
Earnings per share at Sercomm Corp are 3.95 TWD (price ÷ EPS = P/E 18.6). 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 3.4% (payout 63.3%). 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 2.2% (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 Sercomm Corp (5388)?
The return on equity (ROE) of Sercomm Corp is 7.7% (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 3.0% (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 +46.6% 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 −1.0% 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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