Azion Corporation (6148) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Azion Corporation stock TWD 21.45, price TWD 43.95, that is 51.2% below the price, quality 59 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 10.47 TWD – 73.70 TWD · fair‑value band 14.20 TWD – 31.22 TWD · the 43.95 TWD price screens above the 21.45 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Azion Corporation provides information, communication, network, telecommunications, broadband, traffic control engineering, and cloud applications services in Taiwan.
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The company's products include DataPilot 10, a handheld digital evidence collection instrument; big data platforms; Cisco data center and virtualization, Cisco cloud collaboration, and Cisco enterprise network services; information security solutions; VAIDIO artificial intelligence security systems; search and exploration engine systems; storage systems; and data protection solutions.
Its solutions include information and communication system integration, big data analysis and exploration, information security, digital banking and financial, and smart police solutions. It serves finance, manufacturing, retail, telecommunications, and government agencies.
The company was founded in 1980 and is headquartered in Taipei, Taiwan.
Stock analysis
Azion Corporation (6148) currently trades at 43.95 TWD, while our model-based Fair Value estimate is 21.45 TWD, 51% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 32.68 TWD per share, and 0 of the 26 models we run sit above the 43.95 TWD price.
Bear case: the Asset-Based group reads lowest at 3.43 TWD, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 14.20 TWD (bear) to 31.22 TWD (bull), the price of 43.95 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 59/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Azion Corporation reported revenue of 904M TWD in FY2025 versus 632M TWD in FY2021, a compound +9.4%/yr. Reported net income was 63.5M TWD in FY2025, compounding +9.1%/yr from FY2021.
Key figures
Market cap 2.0B TWD (≈ $62.4M) Micro · P/E ratio 40.7 · P/S ratio 2.60 · EPS (TTM) 1.08 TWD · Dividend yield 2.8% · Net margin 6.4% · Return on equity 9.0% · Return on assets (EBIT) 4.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 74% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −51%, 6148 screens richer than that median.
Fair Value models
Bear14.20 TWDFair Value 21.45 TWDBull31.22 TWD
Price 43.95 TWD · Downside -51.2%
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.
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.53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+19.8%
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.
+21.5%
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.
+4.1%
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.
+8.1%
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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.
+9.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.8%
Dividend (yield on the price)2.8%
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.7% → 7%
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).
+41.7%
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 +39.5% 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 · 299 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−51.2% · Below median
Profitability
Return on equity (12 months)9.0% · Above median
Return on assets4.9% · Above median
Net margin (12 months)6.4% · Above median
Operating margin (12 months)3.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)−34.5% · Bottom 25%
Dividend yield (12 months)2.8% · Above median
Balance sheet
Debt / equity0.22× · Highest 25%
Valuation Multiplesvs Communication Equipment median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Azion Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6148
Frequently asked questions
Is Azion Corporation (6148) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 21.45 TWD versus a price of 43.95 TWD, about 51% lower (overvalued).
What is the fair value of 6148?
Our model-based fair value for Azion Corporation is 21.45 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 43.95 TWD.
What is the quality score of 6148?
Azion Corporation has a Quality Score of 59/100. 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 Azion Corporation (6148)?
Our model-based price target is the fair value of 21.45 TWD (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 14.20 TWD, optimistic scenario 31.22 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Azion Corporation stock forecast for 2026?
Our models put fair value at 21.45 TWD, about 51% lower versus a price of 43.95 TWD (overvalued). Cautious scenario 14.20 TWD, optimistic scenario 31.22 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Azion Corporation (6148)?
Azion Corporation reported trailing-twelve-month revenue of about 788M TWD (latest available figure, as of Nov 5, 2026).
Does Azion Corporation pay a dividend?
Azion Corporation currently shows a dividend yield of 2.80% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Azion Corporation (6148) and when is the ex-dividend date?
Azion Corporation pays a dividend of 1.23 TWD per share a year, a dividend yield of 2.8%. The last ex-dividend date was Apr 1, 2026. A dividend has been paid every year since 2019. The payout ratio is 114% of earnings. Free cash flow covers the dividend 0.45 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into Azion Corporation (6148)?
For today's price to be fair in a discounted-cash-flow model, Azion Corporation would have to grow free cash flow by +41.7 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.1 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 6148 use?
Our models discount Azion Corporation at 11.8 %: a base by market capitalisation (micro), damped by beta 0.12, 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 Azion Corporation that is +41.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Azion Corporation (6148) delivered so far?
Over the past 5 years revenue at Azion Corporation grew +4.1 % a year. The price currently implies free-cash-flow growth of +41.7 % per 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 Azion Corporation (6148) growing?
The median revenue growth in the sector is +11.4 % a year. That is the yardstick for the growth priced into Azion Corporation (+41.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Azion Corporation (6148)?
The free-cash-flow yield on the price is 1.25 %: that much free cash flow Azion Corporation produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Azion Corporation (6148)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Azion Corporation it is 21.45 TWD per share (as of Nov 5, 2026), against a price of 43.95 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Azion Corporation stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 6148 trades above its calculated fair value: price 43.95 TWD, fair value 21.45 TWD, a gap of about −51% (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 6148?
No. The price is what the market pays today (43.95 TWD); the fair value is what the company's own numbers justify (21.45 TWD). For Azion Corporation the two are 22.50 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Azion Corporation worth?
The market values Azion Corporation at about 2.0B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 43.95 TWD; our models calculate a fair value of 21.45 TWD per share.
What do the bullish and bearish scenarios say about 6148?
Our models span a range for Azion Corporation: cautious scenario 14.20 TWD, base 21.45 TWD, optimistic 31.22 TWD per share (as of Nov 5, 2026, price 43.95 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6148?
Azion Corporation trades at a price-to-earnings ratio of 40.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 21.45 TWD is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 16.2. Other multiples: P/B 3.4, P/S 2.6, EV/EBITDA 41.9.
How solid is the balance sheet of Azion Corporation (6148)?
Balance-sheet figures for Azion Corporation (as of Nov 5, 2026): return on equity 9.0%, debt of 0.22 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 6148 from its 52-week high?
Azion Corporation trades at 43.95 TWD, about 1% below its 52-week high of 44.20 TWD and 74% above the low of 25.20 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 21.45 TWD is for.
Which stocks are comparable to Azion Corporation?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, 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 Azion Corporation stock attractive at the current price?
The data as of Nov 5, 2026: price 43.95 TWD, calculated fair value 21.45 TWD (−51%), Quality Score 59/100, from 26 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 6148 calculated?
We run Azion Corporation through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 21.45 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 13.7% above its aggregate fair value. Azion Corporation 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 Azion Corporation (6148)?
The closing price on Nov 9, 2026 was 43.95 TWD. Our model-based fair value is 21.45 TWD, about 51% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Azion Corporation right now?
The price sits above even our optimistic bull case (31.22 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (14.20 TWD to 31.22 TWD) leaves room in how you read the outcome.
Key figures of Azion Corporation
How large is the market capitalisation of Azion Corporation (6148)?
The market capitalisation of Azion Corporation is 2.0B TWD (≈ $62.4M). 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 Azion Corporation (6148)?
The price-to-sales ratio of Azion Corporation is 2.60 (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 Azion Corporation (6148)?
Earnings per share at Azion Corporation are 1.08 TWD (price ÷ EPS = P/E 40.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Azion Corporation (6148)?
The dividend yield of Azion Corporation is 2.8% (payout 114%). 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 Azion Corporation (6148)?
The net margin of Azion Corporation is 6.4% (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 Azion Corporation (6148)?
The return on equity (ROE) of Azion Corporation is 9.0% (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 Azion Corporation (6148)?
On an EBIT basis the return on assets of Azion Corporation is 4.5% (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 Azion Corporation (6148)?
The operating margin of Azion Corporation is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Azion Corporation (6148)?
Revenue at Azion Corporation is growing −34.5% versus a year earlier (3y avg +21.5%). 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 Azion Corporation (6148)?
Earnings per share at Azion Corporation are growing −64.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Azion Corporation (6148) carry?
The net debt of Azion Corporation is 18.2M TWD (fiscal year 2019, ≈ 0.7 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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Broad data
Nov 5, 2026