All Ring Tech Co Ltd (6187) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of All Ring Tech Co Ltd TWD 702, price TWD 1,205, upside -41.8%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 50.88 TWD – 1,430 TWD · fair‑value band 458.34 TWD – 1,181 TWD · the 1,205 TWD price screens above the 701.86 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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All Ring Tech Co., Ltd. engages in the design, manufacture, and assembly of automation machines in Taiwan and China.
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All Ring Tech Co., Ltd. engages in the design, manufacture, and assembly of automation machines in Taiwan and China. The company offers semiconductor dispensing equipment series, including wafer level underfill dispensing machine, underfill dispensing machine, and dispensing machine; bonding series comprising FPC, PSA, optical, and ACF mounter; AOI machines for microchip insertion, solder balling, and six sides, as well as wafer AOI machine and image measurement machine; and loader/unloader, ball mount machine, and glue coating/heat sink attach machine. It also provides cutting, rotary plating, coil winding, resistor stacking, resistor granulating, and PC rolling machine, as well as power inductor dispenser; LED sorting machine, rotary tower sorting, packaging, rolling, and dispensing machine; and CSP cleaving machine. In addition, the company is involved in research, development, and design of computer software; mechanical engineering automation; manufacturing of passive component, light-emitting diode, other machine, electrical appliances, and audio-visual electronics; manufacturing of specialized electronic equipment; testing of instruments and accessories; international trading; and investment business, as well as sale of self- manufactured products and provision of corresponding technology testing services. All Ring Tech Co., Ltd. was incorporated in 1996 and is headquartered in Kaohsiung, Taiwan.
Stock analysis
All Ring Tech Co Ltd (6187) currently trades at 1,205 TWD, while our model-based Fair Value estimate is 701.86 TWD, implying the stock looks roughly 71.7% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 622.24 TWD per share, and 0 of the 26 models we run sit above the 1,205 TWD price.
Bear case: the Economic Profit group reads lowest at 116.21 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 458.34 TWD (bear) to 1,181 TWD (bull), the price of 1,205 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 64/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
All Ring Tech Co Ltd reported revenue of 5.4B TWD in FY2025 versus 2.6B TWD in FY2021, a compound +19.8%/yr. Reported net income was 1.5B TWD in FY2025, compounding +28.7%/yr from FY2021.
Key figures
Market cap 127B TWD (≈ $4.0B) · P/E ratio 62.0 · P/S ratio 17.2 · EPS (TTM) 19.43 TWD · Dividend yield 1.0% · Net margin 27.7% · Return on equity 25.3% · Return on assets (EBIT) 14.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 288% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at −42%, 6187 screens cheaper than that median.
Fair Value models
Bear 458.34 TWDFair Value 701.86 TWDBull 1,181 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (5.66 TWD per share) are deliberately not added.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 ⓘEvidence = 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.94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.0%
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.
+33.6%
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.
+28.9%
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.
+14.1%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+39.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+38.6%
Dividend (yield on the price)1.0%
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.20% → 30%
2025 sits 167% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes more growth than the company has delivered so far and less than analysts expect.
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).
+40.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+48.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +38.2% a year for the price and +45.9% for the forecasts.
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.Specialty Industrial Machinery · 826 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−42% · Below median
Profitability
Return on equity (TTM)25% · Top 25%
Return on assets10% · Top 25%
Net margin (TTM)30% · Top 25%
Operating margin (TTM)33% · Top 25%
Growth and dividend
Revenue growth55% · Top 25%
Dividend yield (TTM)1.0% · Below median
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (TTM)62.0× · Priciest 25%
P/B17.34× · Priciest 25%
P/S (TTM)19.90× · Priciest 25%
P/FCF2.8× · Cheaper than median
EV/EBITDA64.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 22
PAST (return on equity)100· sector 28
HEALTH (low debt)98· sector 95
DIVIDEND (yield)19· sector 25
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "All Ring Tech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6187
Frequently asked questions
Is All Ring Tech Co Ltd (6187) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 701.86 TWD versus a price of 1,205 TWD, about −42% upside (overvalued).
What is the fair value of 6187?
Our model-based fair value for All Ring Tech Co Ltd is 701.86 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,205 TWD.
What is the quality score of 6187?
All Ring Tech Co Ltd has a Quality Score of 64/100. 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 All Ring Tech Co Ltd (6187)?
Our model-based price target is the fair value of 701.86 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 458.34 TWD, optimistic scenario 1,181 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the All Ring Tech Co Ltd stock forecast for 2026?
Our models put fair value at 701.86 TWD, about −42% upside versus a price of 1,205 TWD (overvalued). Cautious scenario 458.34 TWD, optimistic scenario 1,181 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of All Ring Tech Co Ltd (6187)?
All Ring Tech Co Ltd reported trailing-twelve-month revenue of about 6.4B TWD (latest available figure, as of Sep 24, 2026).
Does All Ring Tech Co Ltd pay a dividend?
All Ring Tech Co Ltd currently shows a dividend yield of about 0.97% relative to its recent price (as of Sep 24, 2026).
What growth is priced into All Ring Tech Co Ltd (6187)?
For today's price to be fair in a discounted-cash-flow model, All Ring Tech Co Ltd would have to grow free cash flow by +40.4 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6187 use?
Our models discount All Ring Tech Co Ltd at 10.9 %: a base by market capitalisation (mid), damped by beta 1.25, 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 All Ring Tech Co Ltd that is +40.4 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has All Ring Tech Co Ltd (6187) delivered so far?
Over the past 5 years revenue at All Ring Tech Co Ltd grew +28.9 % a year. The price currently implies +40.4 % per year free-cash-flow growth a 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 All Ring Tech Co Ltd (6187) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into All Ring Tech Co Ltd (+40.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of All Ring Tech Co Ltd (6187)?
The free-cash-flow yield on the price is 1.23 %: that much free cash flow All Ring Tech Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of All Ring Tech Co Ltd (6187)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For All Ring Tech Co Ltd it is 701.86 TWD per share (as of Sep 24, 2026), against a price of 1,205 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is All Ring Tech Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6187 trades above its calculated fair value: price 1,205 TWD, fair value 701.86 TWD, a gap of about −42% (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 6187?
No. The price is what the market pays today (1,205 TWD); the fair value is what the company's own numbers justify (701.86 TWD). For All Ring Tech Co Ltd the two are 503.14 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is All Ring Tech Co Ltd worth?
The market values All Ring Tech Co Ltd at about 127B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 1,205 TWD; our models calculate a fair value of 701.86 TWD per share.
What do the bullish and bearish scenarios say about 6187?
Our models span a range for All Ring Tech Co Ltd: cautious scenario 458.34 TWD, base 701.86 TWD, optimistic 1,181 TWD per share (as of Sep 24, 2026, price 1,205 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6187?
All Ring Tech Co Ltd trades at a price-to-earnings ratio of 62.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 701.86 TWD is built from several models across several years. Other multiples: P/B 17.3, P/S 19.9, EV/EBITDA 64.7.
How solid is the balance sheet of All Ring Tech Co Ltd (6187)?
Balance-sheet figures for All Ring Tech Co Ltd (as of Sep 24, 2026): return on equity 25.3%, debt of 0.05 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 6187 from its 52-week high?
All Ring Tech Co Ltd trades at 1,205 TWD, about 16% below its 52-week high of 1,430 TWD and 288% above the low of 310.55 TWD (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 701.86 TWD is for.
Which stocks are comparable to All Ring Tech Co Ltd?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 All Ring Tech Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 1,205 TWD, calculated fair value 701.86 TWD (−42%), Quality Score 64/100, 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 6187 calculated?
We run All Ring Tech Co Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 701.86 TWD, 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 14.1 % above its aggregate fair value. All Ring Tech Co Ltd 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 All Ring Tech Co Ltd (6187)?
The closing price on Sep 23, 2026 was 1,205 TWD. Our model-based fair value is 701.86 TWD, about −42% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with All Ring Tech Co Ltd right now?
The price sits above even our optimistic bull case (1,181 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (458.34 TWD to 1,181 TWD) leaves room in how you read the outcome.
Key figures of All Ring Tech Co Ltd
How large is the market capitalisation of All Ring Tech Co Ltd (6187)?
The market capitalisation of All Ring Tech Co Ltd is 127B TWD (≈ $4.0B). 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 All Ring Tech Co Ltd (6187)?
The price-to-sales ratio of All Ring Tech Co Ltd is 17.2 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of All Ring Tech Co Ltd (6187)?
Earnings per share at All Ring Tech Co Ltd are 19.43 TWD (price ÷ EPS = P/E 62.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of All Ring Tech Co Ltd (6187)?
The dividend yield of All Ring Tech Co Ltd is 1.0% (payout 60.2%). 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 All Ring Tech Co Ltd (6187)?
The net margin of All Ring Tech Co Ltd is 27.7% (fiscal year 2025). 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 All Ring Tech Co Ltd (6187)?
The return on equity (ROE) of All Ring Tech Co Ltd is 25.3% (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 All Ring Tech Co Ltd (6187)?
On an EBIT basis the return on assets of All Ring Tech Co Ltd is 14.0% (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 All Ring Tech Co Ltd (6187)?
The operating margin of All Ring Tech Co Ltd is 33.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at All Ring Tech Co Ltd (6187)?
Revenue at All Ring Tech Co Ltd is growing +54.5% versus a year earlier (3y avg +33.6%). 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 All Ring Tech Co Ltd (6187)?
Earnings per share at All Ring Tech Co Ltd are growing +102% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does All Ring Tech Co Ltd (6187) hold?
All Ring Tech Co Ltd holds more cash than debt, 46.4M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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