EN DE

Averlogic Technologies (6198) Fair Value & Analysis

Technology · TW · Market cap 3.5B TWD

AT Averlogic Technologies 6198 · TWO
Price19.80 TWD
Fair Value27.41 TWD
Upside+38.4%
Quality31/100
Watch Averlogic Technologies for free, get notified when fair value or trend changes. Watch for free

Strengths

Trades 28% below our fair value of 27.41 TWD

Risks

!Weak Growth (revenue 5y −63.1 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (3/7)
Weak Growth (revenue 5y −63.1 %/yr)
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (3/7)
Narrow moat 16/100
Evidence: Low Range 18.09 TWD – 34.27 TWD Share as image

Fair value as of: Aug 22, 2026

From 1 valuation models · updated 4 days ago

Below-average quality, trading 28% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Track Averlogic Technologies and get told automatically when its fair value or trend turns, plus fair value for all 35,000+ stocks. 14 days of Pro free, no card.

What matters now

  • The large discount to fair value meets weak quality (31/100). That raises the risk this is a value trap rather than a bargain.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (18.09 TWD to 34.27 TWD) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

68.60 TWD 17.49 TWD Fair Value 27.41 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range 17.49 TWD – 68.60 TWD · fair‑value band 18.09 TWD – 34.27 TWD · the 19.80 TWD price screens below the 27.41 TWD fair value. Dashed = 300-day average. As of Aug 22, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Averlogic Technologies (6198) currently trades at 19.80 TWD, while our model-based Fair Value estimate is 27.41 TWD, implying the stock looks roughly 38.4% undervalued today. The Quality Score stands at 31/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Trailing-twelve-month revenue stands at 263K TWD. Revenue grew 78.4% year over year. It earns a return on equity of -1.0%. Net debt stands at 605M TWD. Fundamentals as of Aug 22, 2026

Our scenario range runs from 18.09 TWD (bear case) to 34.27 TWD (bull case); at 19.80 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 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -59% fair-value upside, at 38%, 6198 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 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
Highest evidence
NCAV (Graham) 13.87 TWD 18.58 TWD 27.73 TWD 50
All 1 models by family
Asset-Based
NCAV (Graham) 13.87 TWD 18.58 TWD 27.73 TWD 50

Notify me when 6198 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Return on equity -1.0% TTM
Return on assets -0.6% TTM
Operating margin -24,356% TTM
EPS (TTM) -0.2300 TWD
Revenue (TTM) 263K TWD TTM
Revenue growth (YoY) +78.4% 3y avg -60.1%
More key figures
Balance sheet & cash flow
Free cash flow −1.4B TWD FY2025
Net debt 605M TWD FY2025

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 37 · Market factors (momentum, volatility) 32

Profitability 6
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 40
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Rich Circle Development Co., Ltd. engages in the design, manufacture, market, and sale of semiconductors in Taiwan, Asia, Europe, and the Americas. The company offers integrated circuits, semiconductor memory components, digital communications products, computer peripherals, and other related semiconductor components.

Full company description

Rich Circle Development Co., Ltd. engages in the design, manufacture, market, and sale of semiconductors in Taiwan, Asia, Europe, and the Americas. The company offers integrated circuits, semiconductor memory components, digital communications products, computer peripherals, and other related semiconductor components. It also involved in real estate leasing and other business projects. The company was formerly known as AverLogic Technologies, Corp. and changed its name to Rich Circle Development Co., Ltd. in January 2024. The company was founded in 1987 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Averlogic Technologies reported revenue of 234K TWD in FY2025 versus 19.2M TWD in FY2021, a compound −66.8%/yr. Reported net income was −40.2M TWD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
234K TWD
Latest YoY
−90.1%
Avg. revenue growth/yr (5Y) 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.
−63.1%
Avg. revenue growth/yr (10Y) 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.
−43.8%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −66.8%/yr
FY21 19.2M TWD
FY22 3.7M TWD
FY23 255M TWD
FY24 2.4M TWD
FY25 234K TWD
Net income
FY21 −3.0M TWD
FY22 −19.3M TWD
FY23 57.0M TWD
FY24 −51.3M TWD
FY25 −40.2M TWD

Watch 6198: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Averlogic Technologies Fair Value". https://www.fairvalue-calculator.com/stock/6198

Peer Group

Semiconductors · 329 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 37 · Bottom 25%
Fair Value upside +38% · Top 25%
Return on assets -1% · Below median
Net margin (TTM) 0% · Below median
Revenue growth 78% · Top 25%
Debt / equity 0.03× · Lower 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE85 · sector 0
FUTURE100 · sector 61
PAST0 · sector 22
HEALTH98 · sector 96
DIVIDEND0 · sector 18

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

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $225.01 $98.98 -56%
Taiwan Semiconductor Manufacturing Company TSM $429.15 $291.42 -32%
Broadcom Inc AVGO $416.05 $118.27 -72%
SK hynix Inc 000660 1,504,000 KRW 1,481,291 KRW -2%
Micron Technology, Inc MU $911.29 $148.38 -84%
Advanced Micro Devices, Inc AMD $469.46 $55.02 -88%
Intel Corporation INTC $92.80 $35.41 -62%
Texas Instruments Incorporated TXN $276.59 $78.54 -72%
QUALCOMM Incorporated QCOM $160.19 $147.20 -8%
MediaTek Inc 2454 3,845 TWD 1,559 TWD -59%

Compare Averlogic Technologies with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Discover undervalued stocks

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Fama-French 3-Factor Model Calculator Run the Fama-French 3-factor model in seconds: expected return from the market, size and value factors - free, with formula, betas and an example. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Averlogic Technologies (6198) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of 27.41 TWD versus a price of 19.80 TWD, about +38% (undervalued).
What is the fair value of 6198?
Our model-based fair value for Averlogic Technologies is 27.41 TWD (as of Aug 22, 2026), built from audited fundamentals. The current price: 19.80 TWD.
What is the quality score of 6198?
Averlogic Technologies has a Quality Score of 31/100. 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 Averlogic Technologies (6198)?
Averlogic Technologies reported trailing-twelve-month revenue of about 263K TWD (latest available figure, as of Aug 22, 2026).
What is the net profit margin of 6198?
The net profit margin of Averlogic Technologies is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Averlogic Technologies and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.