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Anpec Electronics Corporation (6138) Fair Value & Analysis

Technology · TW · Market cap 23.7B TWD

AE Anpec Electronics Corporation 6138 · TWO
Price276.00 TWD
Fair Value255.79 TWD
Upside-7.3%
Quality79/100
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Healthy Growth
Solidly profitable · 13.4% net margin
Low debt · generates free cash flow
3.80% dividend yield
Ranks above peers (12/14)
Wide moat 73/100
Evidence: Medium Range 191.84 TWD – 319.74 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 19 days ago

Share price −26.4% over the past month.

A strong business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 191.84 TWD (bear) to 319.74 TWD (bull), base 255.79 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 79/100 (high quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

440.00 TWD 72.52 TWD Fair Value 255.79 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 72.52 TWD – 440.00 TWD · fair‑value band 191.84 TWD – 319.74 TWD · the 276.00 TWD price screens above the 255.79 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Anpec Electronics Corporation (6138) currently trades at 276.00 TWD, while our model-based Fair Value estimate is 255.79 TWD, implying the stock looks roughly 7.3% fairly valued today. The Quality Score stands at 79/100 (high 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: medium).

Over the trailing twelve months, Anpec Electronics Corporation generated revenue of 7.7B TWD at a net margin of 13.4%. Revenue grew 11.4% year over year. It earns a return on equity of 30.1%. The balance sheet holds a net cash position of 746M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 191.84 TWD (bear case) to 319.74 TWD (bull case); at 276.00 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 about 28% below its 52-week high and 83% 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 -7%, 6138 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 224.49 TWD 364.94 TWD 592.09 TWD 80
Residual Income 79.15 TWD 97.10 TWD 310.34 TWD 76
Rev-Margin DCF 182.82 TWD 291.81 TWD 425.46 TWD 74
All 26 models by family
DCF Models
FCF DCF 223.47 TWD 369.48 TWD 607.97 TWD 38
Owner Earnings 164.39 TWD 270.10 TWD 442.77 TWD 31
5Y Revenue Exit 182.82 TWD 292.41 TWD 435.51 TWD 39
5Y EBITDA Exit 200.21 TWD 326.62 TWD 478.60 TWD 41
5Y P/E Exit 196.67 TWD 319.66 TWD 453.82 TWD 38
10Y Revenue Exit 189.97 TWD 296.26 TWD 447.12 TWD 36
10Y EBITDA Exit 206.39 TWD 320.68 TWD 481.61 TWD 37
10Y P/E Exit 204.08 TWD 315.71 TWD 461.78 TWD 35
Earnings-Based
Graham-Dodd 86.97 TWD 338.64 TWD 459.39 TWD 54
Lynch FV 83.17 TWD 118.81 TWD 154.46 TWD 50
PEG = 1.0 83.17 TWD 118.81 TWD 154.46 TWD 46
EPV 157.88 TWD 182.62 TWD 204.28 TWD 59
Dividend Discount
Gordon GGM 77.95 TWD 162.08 TWD 257.13 TWD 70
DDM Multi-Stage 77.95 TWD 136.67 TWD 170.11 TWD 61
Multiples
P/E Multiple 191.84 TWD 255.79 TWD 319.74 TWD 63
P/S Multiple 163.07 TWD 217.42 TWD 271.78 TWD 58
P/B Multiple 119.17 TWD 158.90 TWD 198.62 TWD 55
EV/EBIT 243.25 TWD 321.20 TWD 399.16 TWD 53
EV/EBITDA 207.11 TWD 273.01 TWD 338.91 TWD 54
EV/Revenue 167.03 TWD 234.59 TWD 302.15 TWD 43
Asset-Based
NCAV (Graham) 26.48 TWD 35.49 TWD 52.97 TWD 50
Growth DCF
Growth DCF 224.49 TWD 364.94 TWD 592.09 TWD 80
Rev-Margin DCF 182.82 TWD 291.81 TWD 425.46 TWD 74
Economic Profit
Residual Income 79.15 TWD 97.10 TWD 310.34 TWD 76
ROIC Compounder 171.22 TWD 215.44 TWD 267.13 TWD 72
Growth Earnings
Growth-Adj P/E 144.81 TWD 206.87 TWD 268.93 TWD 68

Widest divergence: DCF Models (315.71 TWD) versus Asset-Based (35.49 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 7.7B TWD
Revenue growth (YoY) +11.4%
Net margin 13.4%
Return on equity 30.1%
Free cash flow 1.3B TWD FY2025
P/E ratio 24.5
More key figures
Operating margin 19.5%
EPS (TTM) 12.76 TWD
Dividend yield 3.8%
EPS growth (YoY) +17.0%
Net cash 746M TWD FY2023

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

Quality Score breakdown

Overall quality 79/100

Of which business quality 78 · Market factors (momentum, volatility) 57

Profitability 75
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 15
Calm price path (market factor)
Momentum 78
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 82
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

Anpec Electronics Corporation engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

Full company description

Anpec Electronics Corporation engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally. The company provides power management; battery management; PMIC; linear regulators, such as single output LDO, DDR termination, and daul output LDO regulators, as well as LDO regulator controllers; and switching regulators, including boost converters, buck controllers and converters, DrMOS, and power module. It also offers motor drivers, hall in one driver, hall effect sensor latches, pre-drivers, and sensorless drivers; switches comprising power switches, USB charger IDs, power distribution controllers, and analog switches; audio products, including speaker, headphone, and digital input audio amplifiers; lighting and display products, such as white LED and IR LED drivers; and analog to digital converters. The company's products are used in various applications, including fan, surveillance, VGA card, notebook, memory, optical, motherboard, SPS, storage, LCD, communication, and automotive. Anpec Electronics Corporation was incorporated in 1997 and is headquartered in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Anpec Electronics Corporation reported revenue of 7.5B TWD in FY2025 versus 6.8B TWD in FY2021, a compound +2.6%/yr. Reported net income was 951M TWD in FY2025, compounding +0.6%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
7.5B TWD
Latest YoY
+22.9%
Avg. growth/yr (3Y)
+5.5%
Avg. growth/yr (5Y)
+6.8%
Avg. growth/yr (16Y)
+5.9%
Revenue +2.6%/yr
FY21 6.8B TWD
FY22 6.4B TWD
FY23 5.4B TWD
FY24 6.1B TWD
FY25 7.5B TWD
Net income +0.6%/yr
FY21 929M TWD
FY22 964M TWD
FY23 511M TWD
FY24 720M TWD
FY25 951M TWD

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Cite: Fair Value Calculator (2026). "Anpec Electronics Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6138

Peer Group

Semiconductors · 319 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 79 · Top 25%
Fair Value upside −7% · Top 25%
Return on equity (TTM) 30% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 13% · Above median
Operating margin (TTM) 20% · Top 25%
Revenue growth 11% · Below median
Dividend yield (TTM) 3.8% · Top 25%

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 25.0× · Cheaper than 75% of peers
P/B 6.00× · Pricier than median
P/S (TTM) 3.08× · Cheaper than median
P/FCF 0.6× · Cheaper than 75% of peers
EV/EBITDA 14.4× · Cheaper than median

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 24 · sector 0
FUTURE 57 · sector 60
PAST 100 · sector 24
HEALTH 100 · sector 97
DIVIDEND 76 · sector 22

Insider activity: 40/100

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 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

Is Anpec Electronics Corporation (6138) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 255.79 TWD versus a price of 276.00 TWD, about −7% (fairly valued).
What is the fair value of 6138?
Our model-based fair value for Anpec Electronics Corporation is 255.79 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 276.00 TWD.
What is the quality score of 6138?
Anpec Electronics Corporation has a Quality Score of 79/100. 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 Anpec Electronics Corporation (6138)?
Anpec Electronics Corporation reported trailing-twelve-month revenue of about 7.7B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6138?
The net profit margin of Anpec Electronics Corporation is about 13.4%, meaning it keeps roughly 13.4% of revenue as net income. Based on the latest reported figures.
Does Anpec Electronics Corporation pay a dividend?
Anpec Electronics Corporation currently shows a dividend yield of about 3.77% relative to its recent price (as of Jul 21, 2026).

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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