TM Technology, Inc (5468) Fair Value & Analysis
Technology · TW · Market cap 1.5B TWD
Fair value as of: Jul 21, 2026
From 6 valuation models · updated 20 days ago
Share price −3.1% over the past month.
Below-average quality, and screening another 30% overvalued on our models.
What matters now
- Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.
How to read this chart
60‑month range 13.67 TWD – 40.31 TWD · fair‑value band 19.51 TWD – 29.95 TWD · the 27.80 TWD price screens above the 19.51 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
TM Technology, Inc (5468) currently trades at 27.80 TWD, while our model-based Fair Value estimate is 19.51 TWD, implying the stock looks roughly 29.8% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Over the trailing twelve months, TM Technology, Inc generated revenue of 184M TWD at a net margin of -11.2%. Revenue grew 64.7% year over year. It earns a return on equity of -4.9%. Net debt stands at 47.5M TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 19.51 TWD (bear case) to 29.95 TWD (bull case); at 27.80 TWD, the current price sits within 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 near its 52-week high and 90% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -30%, 5468 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 6 models by family
Widest divergence: Asset-Based (6.32 TWD) versus Earnings-Based (2.79 TWD). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 79
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.
About the company
TM Technology, Inc. engages in the design, manufacture, and sale of integrated circuit chips, components, and related products in Taiwan.
Full company description
TM Technology, Inc. engages in the design, manufacture, and sale of integrated circuit chips, components, and related products in Taiwan. It offers LED driver ICs for green energy products; laser diode drivers, limiting amplifiers, FTTx PON solution, transimpedance amplifiers, and digital diagnostics monitoring interface control; and other products, including power management, audio processor, and SRAM. It is also involved in construction business, optoelectronic, and mechanical equipment businesses. The company was founded in 1983 and is based in Hsinchu City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TM Technology, Inc reported revenue of 165M TWD in FY2025 versus 144M TWD in FY2021, a compound +3.6%/yr. Reported net income was −26.4M TWD in FY2025.
5468 screens 30% overvalued. Compare with NVIDIA Corporation →
Peer Group
Semiconductors · 318 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.
Valuation Multiples vs Semiconductors median · lower = cheaper
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.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $211.80 | $96.91 | -54% |
| Taiwan Semiconductor Manufacturing Company TSM | $398.37 | $207.49 | -48% |
| Broadcom Inc 1AVGO | €367.75 | €121.25 | -67% |
| Micron Technology, Inc 1MU | €784.90 | €185.67 | -76% |
| SK hynix Inc 000660 | 2,082,000 KRW | 1,109,311 KRW | -47% |
| Advanced Micro Devices, Inc 1AMD | €425.20 | €56.33 | -87% |
| Intel Corporation INTC | C$68.40 | C$9.82 | -86% |
| Texas Instruments Incorporated TXN | $311.46 | $59.75 | -81% |
| MediaTek Inc 2454 | 3,740 TWD | 1,163 TWD | -69% |
| SK Square Co 402340 | 1,212,000 KRW | 868,000 KRW | -28% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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