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Marketech International Corp (6196) Fair Value & Analysis

Technology · TW · Market cap 119B TWD

MI Marketech International Corp 6196 · TW
Price493.50 TWD
Fair Value218.78 TWD
Upside-55.7%
Quality56/100
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Healthy Growth
Thin margins · 6.6% net margin
Low debt · generates free cash flow
1.18% dividend yield
Ranks above peers (9/14)
Moderate moat 51/100
Evidence: High Range 164.08 TWD – 320.58 TWD Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 26 days ago

Share price −9.6% over the past month.

A solid business, but screening 56% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (320.58 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (164.08 TWD to 320.58 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

590.00 TWD 79.42 TWD Fair Value 218.78 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 79.42 TWD – 590.00 TWD · fair‑value band 164.08 TWD – 320.58 TWD · the 493.50 TWD price screens above the 218.78 TWD fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Marketech International Corp (6196) currently trades at 493.50 TWD, while our model-based Fair Value estimate is 218.78 TWD, implying the stock looks roughly 55.7% overvalued today. The Quality Score stands at 56/100 (solid 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: high).

Over the trailing twelve months, Marketech International Corp generated revenue of 52.6B TWD at a net margin of 6.6%. Revenue grew 7.9% year over year. It earns a return on equity of 22.1%. The balance sheet holds a net cash position of 3.4B TWD. Fundamentals as of Jul 15, 2026

Our scenario range runs from 164.08 TWD (bear case) to 320.58 TWD (bull case); at 493.50 TWD, the current price sits above 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 7% below its 52-week high and 196% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -56%, 6196 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 287.17 TWD 446.30 TWD 706.93 TWD 80
Residual Income 95.69 TWD 124.81 TWD 468.71 TWD 76
Rev-Margin DCF 191.47 TWD 266.20 TWD 359.72 TWD 74
All 26 models by family
DCF Models
FCF DCF 286.82 TWD 454.41 TWD 732.91 TWD 38
Owner Earnings 212.25 TWD 326.47 TWD 516.27 TWD 31
5Y Revenue Exit 191.47 TWD 265.03 TWD 359.20 TWD 39
5Y EBITDA Exit 213.17 TWD 308.28 TWD 422.02 TWD 41
5Y P/E Exit 264.34 TWD 410.24 TWD 571.42 TWD 38
10Y Revenue Exit 219.28 TWD 298.07 TWD 407.50 TWD 36
10Y EBITDA Exit 236.56 TWD 329.15 TWD 458.40 TWD 37
10Y P/E Exit 270.02 TWD 402.44 TWD 579.43 TWD 35
Earnings-Based
Graham-Dodd 99.87 TWD 408.97 TWD 556.92 TWD 54
Lynch FV 102.70 TWD 146.72 TWD 190.73 TWD 50
PEG = 1.0 102.70 TWD 146.72 TWD 190.73 TWD 46
EPV 120.07 TWD 131.30 TWD 141.13 TWD 59
Dividend Discount
Gordon GGM 50.34 TWD 104.66 TWD 166.03 TWD 70
DDM Multi-Stage 50.34 TWD 88.25 TWD 109.84 TWD 61
Multiples
P/E Multiple 220.29 TWD 293.73 TWD 367.16 TWD 63
P/S Multiple 187.25 TWD 249.67 TWD 312.08 TWD 58
P/B Multiple 164.08 TWD 218.78 TWD 273.47 TWD 55
EV/EBIT 192.24 TWD 238.76 TWD 285.27 TWD 53
EV/EBITDA 189.06 TWD 234.52 TWD 279.98 TWD 54
EV/Revenue 146.76 TWD 187.07 TWD 227.39 TWD 43
Asset-Based
NCAV (Graham) 36.46 TWD 48.86 TWD 72.93 TWD 50
Growth DCF
Growth DCF 287.17 TWD 446.30 TWD 706.93 TWD 80
Rev-Margin DCF 191.47 TWD 266.20 TWD 359.72 TWD 74
Economic Profit
Residual Income 95.69 TWD 124.81 TWD 468.71 TWD 76
ROIC Compounder 126.67 TWD 147.56 TWD 172.31 TWD 72
Growth Earnings
Growth-Adj P/E 172.62 TWD 246.60 TWD 320.58 TWD 68

Widest divergence: DCF Models (326.47 TWD) versus Asset-Based (48.86 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 52.6B TWD
Revenue growth (YoY) +7.9%
Net margin 6.6%
Return on equity 22.1%
Free cash flow 4.2B TWD FY2025
P/E ratio 36.8
More key figures
Operating margin 8.3%
EPS (TTM) 14.66 TWD
Dividend yield 1.2%
EPS growth (YoY) +24.2%
Net cash 3.4B TWD FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 75

Profitability 47
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 32
Calm price path (market factor)
Momentum 96
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 91
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

Marketech International Corp., manufactures, sells, imports, and trades in a range of integrated circuits, semiconductors, electrical and computer equipment and materials, chemicals, gas, spare parts, and components in Taiwan, China, the United States, and internationally.

Full company description

Marketech International Corp., manufactures, sells, imports, and trades in a range of integrated circuits, semiconductors, electrical and computer equipment and materials, chemicals, gas, spare parts, and components in Taiwan, China, the United States, and internationally. The company is involved in factory affairs and mechatronic systems, including clean rooms, automatic supply system of gas and chemicals, monitoring systems, turn-key, and hook-up project services, and other factory systems and electromechanical systems; and designs and manufactures customized equipment. In addition, it engages in contracting for semiconductor automotive supply system and electrical installation construction; international trade; trading, installation, and repair of various machinery equipment and peripherals; consulting services, software execution services, and computer hardware installation; research, trading, and consulting of information system software and hardware appliance; production, development, and implementation of software and provides coding service; design, manufacturing, and installation of automatic production equipment and related parts; and investment and reinvestment activities. Further, it sells cosmetics and daily necessities, and medical devices; installation of industrial machines and equipment and consulting; supply of electronic information and data processing service; medical consulting services; trading of equipment for private 5G wireless communication networks; provision of software management platform and vertical integration of information and communication technology; warehousing logistics services; assembly of air conditioning equipment and testing; design and construction of smart buildings and electronic projects; professional building renovation and decoration services; and design, installation, debugging, and technology services of tunnel systems. The company was incorporated in 1988 and is headquartered in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Marketech International Corp reported revenue of 51.6B TWD in FY2025 versus 34.5B TWD in FY2021, a compound +10.6%/yr. Reported net income was 3.2B TWD in FY2025, compounding +20.3%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
51.6B TWD
Avg. growth/yr (3Y)
+20.8%
Avg. growth/yr (5Y)
+20.2%
Avg. growth/yr (22Y)
+11.3%
Revenue +10.6%/yr
FY21 34.5B TWD
FY22 50.4B TWD
FY23 56.3B TWD
FY24 60.7B TWD
FY25 51.6B TWD
Net income +20.3%/yr
FY21 1.5B TWD
FY22 2.2B TWD
FY23 2.2B TWD
FY24 1.8B TWD
FY25 3.2B TWD

6196 screens 56% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Marketech International Corp Fair Value". https://www.fairvalue-calculator.com/stock/6196

Peer Group

Electronic Components · 626 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 56 · Above median
Fair Value upside −56% · Below median
Return on equity (TTM) 22% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 8% · Above median
Dividend yield (TTM) 1.2% · Below median
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 36.8× · Cheaper than median
P/B 7.39× · Pricier than 75% of peers
P/S (TTM) 2.26× · Pricier than median
P/FCF 0.9× · Cheaper than median
EV/EBITDA 35.3× · Pricier than 75% of peers

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 0 · sector 0
FUTURE 40 · sector 32
PAST 88 · sector 24
HEALTH 96 · sector 95
DIVIDEND 24 · sector 25

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

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Marketech International Corp (6196) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 218.78 TWD versus a price of 493.50 TWD, about −56% (overvalued).
What is the fair value of 6196?
Our model-based fair value for Marketech International Corp is 218.78 TWD (as of Jul 15, 2026), built from audited fundamentals. The current price is 493.50 TWD.
What is the quality score of 6196?
Marketech International Corp has a Quality Score of 56/100. 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 Marketech International Corp (6196)?
Marketech International Corp reported trailing-twelve-month revenue of about 52.6B TWD (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 6196?
The net profit margin of Marketech International Corp is about 6.6%, meaning it keeps roughly 6.6% of revenue as net income. Based on the latest reported figures.
Does Marketech International Corp pay a dividend?
Marketech International Corp currently shows a dividend yield of about 1.29% relative to its recent price (as of Jul 15, 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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