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Atech OEM (6109) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Atech OEM stock TWD 3.85, price TWD 9.25, that is 58.4% below the price, quality 52 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Industrials TW · ISIN TW0006109002

AO Atech OEM logo Thin data Nov 4, 2026

Atech OEM

6109 · TWO
Very expensive, in a downtrend

Our calculation puts a fair price 58% below what the stock costs today.

Low debt
Quality 52/100
Profit last quarter 51% below a year ago.
Fair value 3.85 TWD · Strongly overvalued
Weak Growth (revenue 5y −4.2 %/yr in TWD)
Loss-making · -7.2% net margin (TTM)
Negative free cash flow
Trails peers (4/11)
Narrow moat 16/100
Thin data
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What runs behind every stock

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Price vs Fair Value

19.06 TWD 7.75 TWD Fair Value 3.85 TWD Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 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 9.25 TWD price screens above the 3.85 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

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

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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.

Stock analysis

Atech OEM (6109) currently trades at 9.25 TWD, while our model-based Fair Value estimate is 3.85 TWD, 58% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: 2.54 TWD (bear) to 4.81 TWD (bull), the price of 9.25 TWD sits above 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 52/100 (solid quality), in the Industrials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Atech OEM 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.

Key figures

Market cap 833M TWD (≈ $25.4M) Micro · P/S ratio 1.05 · EPS (TTM) −0.8100 TWD · Dividend yield 2.3% · Net margin −7.2% · Return on equity −9.3% · Return on assets (EBIT) −2.8% (5-year average) · Operating margin −8.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).

What moves the price

The share trades about 35% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −58%, 6109 screens richer than that median.

Fair Value models

Bear 2.54 TWD Fair Value 3.85 TWD Bull 4.81 TWD
Price 9.25 TWD · Downside -58.4%
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. 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.
Best data coverage
NCAV (Graham) 2.54 TWD 3.85 TWD 4.81 TWD 54
All 1 models by family
Asset-Based
NCAV (Graham) 2.54 TWD 3.85 TWD 4.81 TWD 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 52/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 15
How much profit the company makes from its sales and capital
Quality Growth 73
Are margins and returns getting better?
Cashflow 9
Do the profits arrive as real cash?
Financial strength 75
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 67
How calm the share price moves, does not count
Price momentum 18
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 77
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+8.5%
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.
−16.2%
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.
−4.2%
Start year 2020 (pandemic)
Revenue growth 8 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.
−5.6%
Profit margin (trend) ⓘ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.
−0.7% (2020) → −6.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

6109 screens overvalued: fair value 58% below the price. Compare with Contemporary Amperex Technology Co →

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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.Electrical Equipment & Parts · 564 stocks

Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 52 · Below median
Fair Value upside −57.7% · Below median
Profitability
Return on assets −5.8% · Bottom 25%
Net margin (12 months) −7.2% · Bottom 25%
Operating margin (12 months) −8.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 9.6% · Below median
Dividend yield (12 months) 2.3% · Above median

Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper

P/B 1.41× · Cheaper than median
P/S (12 months) 0.97× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)48 · sector 66
PAST (return on equity)0 · sector 25
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)45 · sector 23

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

Context: sector, industry, market

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Contemporary Amperex Technology Co 300750 ¥254.22 ¥648.35 +155% vs 6109
Sungrow Power Supply Co 300274 ¥81.97 ¥182.32 +122% vs 6109
NARI Technology Co 600406 ¥23.86 ¥29.39 +23% vs 6109
Vertiv Holdings VRT $182.86 $178.64 −2% vs 6109
Prysmian S.p.A PRY €101.00 €64.29 −36% vs 6109
Legrand SA LR €129.65 €82.49 −36% vs 6109
ABB Ltd ABBN CHF 66.98 CHF 29.62 −56% vs 6109
Samsung SDI Co 006400 468,000 KRW 153,766 KRW −67% vs 6109
Delta Electronics (Thailand) Public Company DELTA 177.00 THB 39.14 THB −78% vs 6109
LG Energy Solution, Ltd 373220 337,500 KRW 53,325 KRW −84% vs 6109

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Atech OEM: fair value per Fair Value Calculator

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

Frequently asked questions

Is Atech OEM (6109) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 3.85 TWD versus a price of 9.25 TWD, about 58% lower (overvalued).
What is the fair value of 6109?
Our model-based fair value for Atech OEM is 3.85 TWD (as of Nov 4, 2026), built from audited fundamentals. The current price: 9.25 TWD.
What is the quality score of 6109?
Atech OEM has a Quality Score of 52/100. 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 Atech OEM (6109)?
Our model-based price target is the fair value of 3.85 TWD (as of Nov 4, 2026) from 1 valuation models. Cautious scenario 2.54 TWD, optimistic scenario 4.81 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Atech OEM stock forecast for 2026?
Our models put fair value at 3.85 TWD, about 58% lower versus a price of 9.25 TWD (overvalued). Cautious scenario 2.54 TWD, optimistic scenario 4.81 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Atech OEM (6109)?
Atech OEM reported trailing-twelve-month revenue of about 845M TWD (latest available figure, as of Nov 4, 2026).
Does Atech OEM pay a dividend?
Atech OEM currently shows a dividend yield of 2.27% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Atech OEM (6109)?
Atech OEM has a dividend yield of 2.3%.
What is the intrinsic value of Atech OEM (6109)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Atech OEM it is 3.85 TWD per share (as of Nov 4, 2026), against a price of 9.25 TWD. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Atech OEM stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 6109 trades above its calculated fair value: price 9.25 TWD, fair value 3.85 TWD, a gap of about −58% (overvalued). 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 6109?
No. The price is what the market pays today (9.25 TWD); the fair value is what the company's own numbers justify (3.85 TWD). For Atech OEM the two are 5.40 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Atech OEM worth?
The market values Atech OEM at about 833M TWD (market capitalisation, as of Nov 4, 2026). Per share that is 9.25 TWD; our models calculate a fair value of 3.85 TWD per share.
What do the bullish and bearish scenarios say about 6109?
Our models span a range for Atech OEM: cautious scenario 2.54 TWD, base 3.85 TWD, optimistic 4.81 TWD per share (as of Nov 4, 2026, price 9.25 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Atech OEM (6109)?
Balance-sheet figures for Atech OEM (as of Nov 4, 2026): return on equity −9.3%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 6109 from its 52-week high?
Atech OEM trades at 9.25 TWD, about 35% below its 52-week high of 14.20 TWD and 2% above the low of 9.10 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 3.85 TWD is for.
Which stocks are comparable to Atech OEM?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, 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 Atech OEM stock attractive at the current price?
The data as of Nov 4, 2026: price 9.25 TWD, calculated fair value 3.85 TWD (−58%), Quality Score 52/100, from 1 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 6109 calculated?
We run Atech OEM through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 3.85 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 13.3% above its aggregate fair value. Atech OEM itself currently trades above fair value. 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 Atech OEM (6109)?
The closing price on Nov 9, 2026 was 9.25 TWD. Our model-based fair value is 3.85 TWD, about 58% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Atech OEM right 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 (52/100) 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.

Key figures of Atech OEM

How large is the market capitalisation of Atech OEM (6109)?
The market capitalisation of Atech OEM is 833M TWD (≈ $25.4M). 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 Atech OEM (6109)?
The price-to-sales ratio of Atech OEM is 1.05 (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 Atech OEM (6109)?
Earnings per share at Atech OEM are −0.8100 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Atech OEM (6109)?
The dividend yield of Atech OEM is 2.3%. 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 Atech OEM (6109)?
The net margin of Atech OEM is −7.2% (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 Atech OEM (6109)?
The return on equity (ROE) of Atech OEM is −9.3% (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 Atech OEM (6109)?
On an EBIT basis the return on assets of Atech OEM is −2.8% (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 Atech OEM (6109)?
The operating margin of Atech OEM is −8.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Atech OEM (6109)?
Revenue at Atech OEM is growing +9.6% versus a year earlier (3y avg −16.2%). 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 Atech OEM (6109)?
Earnings per share at Atech OEM are growing −51.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Atech OEM (6109) generate?
The free cash flow of Atech OEM is −71.7M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Atech OEM (6109) hold?
Atech OEM holds more cash than debt, 288M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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