All Ring Tech Co Ltd (6187) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of All Ring Tech Co Ltd stock TWD 700, price TWD 864, that is 19.0% below the price, quality 69 out of 100. Rating: 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 3, 2026.
How to read this chart
60‑month range 50.88 TWD – 1,675 TWD · fair‑value band 456.46 TWD – 1,165 TWD · the 864.00 TWD price screens above the 699.84 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 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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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 864.00 TWD, while our model-based Fair Value estimate is 699.84 TWD, 19% 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 622.24 TWD per share, and 0 of the 26 models we run sit above the 864.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 134.87 TWD, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 456.46 TWD (bear) to 1,165 TWD (bull), the price of 864.00 TWD sits inside 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 69/100 (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 84.1B TWD (≈ $2.6B) Mid · P/E ratio 44.6 · P/S ratio 13.2 · EPS (TTM) 19.37 TWD · Dividend yield 1.4% · Net margin 29.8% · Return on equity 25.3% · Return on assets (EBIT) 14.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 89 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 178% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −19%, 6187 screens cheaper than that median.
Fair Value models
Bear456.46 TWDFair Value 699.84 TWDBull1,165 TWD
Price 864.00 TWD · Downside -19.0%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (6.59 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. 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.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.
+40.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+38.6%
Dividend (yield on the price)1.4%
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).
+33.6%
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.
+50.6%
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 +31.5% a year for the price and +48.2% 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 · 815 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside−19.0% · Above median
Profitability
Return on equity (12 months)25.3% · Top 25%
Return on assets15.5% · Top 25%
Net margin (12 months)29.8% · Top 25%
Operating margin (12 months)33.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)54.5% · Top 25%
Dividend yield (12 months)1.4% · Below median
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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 Nov 3, 2026, our model estimates a fair value of 699.84 TWD versus a price of 864.00 TWD, about 19% lower (overvalued).
What is the fair value of 6187?
Our model-based fair value for All Ring Tech Co Ltd is 699.84 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 864.00 TWD.
What is the quality score of 6187?
All Ring Tech Co Ltd has a Quality Score of 69/100. 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 699.84 TWD (as of Nov 3, 2026) from 26 valuation models. Cautious scenario 456.46 TWD, optimistic scenario 1,165 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 699.84 TWD, about 19% lower versus a price of 864.00 TWD (overvalued). Cautious scenario 456.46 TWD, optimistic scenario 1,165 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 Nov 3, 2026).
Does All Ring Tech Co Ltd pay a dividend?
All Ring Tech Co Ltd currently shows a dividend yield of 1.35% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of All Ring Tech Co Ltd (6187) and when is the ex-dividend date?
All Ring Tech Co Ltd pays a dividend of 11.69 TWD per share a year, a dividend yield of 1.4%. The last ex-dividend date was Aug 3, 2026. A dividend has been paid every year since 2014. The payout ratio is 60.3% of earnings. Free cash flow covers the dividend 1.26 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
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 +33.6 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.9 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 6187 use?
Our models discount All Ring Tech Co Ltd at 11.0 %: a base by market capitalisation (mid), damped by beta 1.28, 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 +33.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) 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 free-cash-flow growth of +33.6 % 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 All Ring Tech Co Ltd (6187) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into All Ring Tech Co Ltd (+33.6 % per 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 1.72 %: 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 (11.0 %), 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 699.84 TWD per share (as of Nov 3, 2026), against a price of 864.00 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 All Ring Tech Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 6187 trades above its calculated fair value: price 864.00 TWD, fair value 699.84 TWD, a gap of about −19% (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 (864.00 TWD); the fair value is what the company's own numbers justify (699.84 TWD). For All Ring Tech Co Ltd the two are 164.16 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 84.1B TWD (market capitalisation, as of Nov 3, 2026). Per share that is 864.00 TWD; our models calculate a fair value of 699.84 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 456.46 TWD, base 699.84 TWD, optimistic 1,165 TWD per share (as of Nov 3, 2026, price 864.00 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 44.6 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 699.84 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 23.7. Other multiples: P/B 11.5, P/S 13.2, EV/EBITDA 42.3.
How solid is the balance sheet of All Ring Tech Co Ltd (6187)?
Balance-sheet figures for All Ring Tech Co Ltd (as of Nov 3, 2026): return on equity 25.3%, debt of 0.05 per unit of equity. They feed the Quality Score of 69/100, 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 864.00 TWD, about 48% below its 52-week high of 1,675 TWD and 178% above the low of 310.55 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 699.84 TWD is for.
Which stocks are comparable to All Ring Tech Co Ltd?
From the same area (Industrials) we also value SIE, GE Vernova Inc, 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 Nov 3, 2026: price 864.00 TWD, calculated fair value 699.84 TWD (−19%), Quality Score 69/100, 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 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 699.84 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. 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 Nov 6, 2026 was 864.00 TWD. Our model-based fair value is 699.84 TWD, about 19% lower (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?
Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (456.46 TWD to 1,165 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 84.1B TWD (≈ $2.6B). 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 13.2 (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 All Ring Tech Co Ltd (6187)?
Earnings per share at All Ring Tech Co Ltd are 19.37 TWD (price ÷ EPS = P/E 44.6). 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 1.4% (payout 60.3%). 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 All Ring Tech Co Ltd (6187)?
The net margin of All Ring Tech Co Ltd is 29.8% (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 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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Broad data
Nov 3, 2026