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Atech OEM Inc (6109) Fair Value & Analysis

Industrials · TW · Market cap 1.0B TWD

AO Atech OEM Inc 6109 · TWO
Price11.20 TWD
Fair Value3.85 TWD
Upside-65.6%
Quality51/100
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Weak Growth
Loss-making · -6.5% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 16/100
Evidence: Low Range 2.54 TWD – 4.81 TWD Share as image

Fair value as of: Jul 21, 2026

From 1 valuation models · updated 20 days ago

Share price −14.5% over the past month.

A solid business, but screening 66% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (4.81 TWD). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (2.54 TWD to 4.81 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

19.06 TWD 7.75 TWD Fair Value 3.85 TWD Feb 2021 Aug 2026

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 7.75 TWD – 19.06 TWD · fair‑value band 2.54 TWD – 4.81 TWD · the 11.20 TWD price screens above the 3.85 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

Atech OEM Inc (6109) currently trades at 11.20 TWD, while our model-based Fair Value estimate is 3.85 TWD, implying the stock looks roughly 65.6% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Industrials 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, Atech OEM Inc generated revenue of 778M TWD at a net margin of -8.2%. Revenue grew 37.9% year over year. It earns a return on equity of -10.4%. The balance sheet holds a net cash position of 288M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 2.54 TWD (bear case) to 4.81 TWD (bull case); at 11.20 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 23% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -66%, 6109 screens richer 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.

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
NCAV (Graham) 3.31 TWD 4.43 TWD 6.61 TWD 50
All 1 models by family
Asset-Based
NCAV (Graham) 3.31 TWD 4.43 TWD 6.61 TWD 50

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Key figures & financial health

Revenue (TTM) 826M TWD
Revenue growth (YoY) +30.1%
Net margin -6.5%
Return on equity -8.5%
Free cash flow −71.7M TWD FY2025
Operating margin -7.8%
More key figures
EPS (TTM) -0.9100 TWD
EPS growth (YoY) -51.0%
Net cash 288M TWD FY2023

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 45

Profitability 15
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 77
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.

About the company

Atech OEM Inc. designs, develops, manufactures, and sells magnetic components, power supply solutions, and wireless devices in Taiwan.

Full company description

Atech OEM Inc. designs, develops, manufactures, and sells magnetic components, power supply solutions, and wireless devices in Taiwan. It offers magnetic components, such as signal and communication transformers, power transformers, and EMC components; power supply solutions, such as power supply units (PSUs) comprising wall-mounts, desktops, interchangeable AC pins, car chargers, PSR, high surge, AC-DC and DC-DC converters, POE power, and ODM products; open frames, telecom power products, and LED drivers; medical and industrial PSUs; and wireless devices, including Bluetooth modules, Bluetooth dongles/adapters, and WiFi modules. The company was founded in 1990 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Atech OEM Inc reported revenue of 778M TWD in FY2025 versus 1.2B TWD in FY2021, a compound −10.7%/yr. Reported net income was −63.6M TWD in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
778M TWD
Latest YoY
+8.5%
Avg. 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.
−16.2%
Avg. 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.
−4.2%
Avg. growth/yr (8Y) 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.
−5.6%
Revenue −10.7%/yr
FY21 1.2B TWD
FY22 1.3B TWD
FY23 1.0B TWD
FY24 717M TWD
FY25 778M TWD
Net income
FY21 −82.4M TWD
FY22 66.6M TWD
FY23 18.6M TWD
FY24 −112M TWD
FY25 −63.6M TWD

6109 screens 66% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Atech OEM Inc Fair Value". https://www.fairvalue-calculator.com/stock/6109

Peer Group

Electrical Equipment & Parts · 526 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 50 · Below median
Fair Value upside −66% · Below median
Return on assets -2% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -8% · Bottom 25%
Revenue growth 30% · Top 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.04× · Cheaper than 75% of peers

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 · sector 0
FUTURE 100 · sector 57
PAST 0 · sector 26
HEALTH 100 · sector 97
DIVIDEND 0 · sector 18

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Atech OEM Inc (6109) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 3.85 TWD versus a price of 11.20 TWD, about −66% (overvalued).
What is the fair value of 6109?
Our model-based fair value for Atech OEM Inc is 3.85 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 11.20 TWD.
What is the quality score of 6109?
Atech OEM Inc has a Quality Score of 51/100. 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 revenue of Atech OEM Inc (6109)?
Atech OEM Inc reported trailing-twelve-month revenue of about 778M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6109?
The net profit margin of Atech OEM Inc is about -8.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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