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Macnica Galaxy Inc (6227) Fair Value & Analysis

Technology · TW · Market cap 8.2B TWD

MG Macnica Galaxy Inc 6227 · TWO
Price125.00 TWD
Fair Value128.37 TWD
Upside+2.7%
Quality64/100
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Expensive Growth
Thin margins · 3.5% net margin
generates free cash flow
4.31% dividend yield
Ranks above peers (10/13)
Moderate moat 46/100
Evidence: High Range 69.17 TWD – 165.82 TWD Share as image

Fair value as of: Jul 21, 2026

From 25 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 128.79 TWD to 128.37 TWD (−0.3%) since Jul 12, 2026. Share price +3.7% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (69.17 TWD to 165.82 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

137.00 TWD 22.25 TWD Fair Value 128.37 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 22.25 TWD – 137.00 TWD · fair‑value band 69.17 TWD – 165.82 TWD · the 125.00 TWD price screens below the 128.37 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Macnica Galaxy Inc (6227) currently trades at 125.00 TWD, while our model-based Fair Value estimate is 128.37 TWD, implying the stock looks roughly 2.7% fairly valued today. The Quality Score stands at 64/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Macnica Galaxy Inc generated revenue of 18.9B TWD at a net margin of 3.5%. Revenue grew 40.8% year over year. It earns a return on equity of 24.7%. Net debt stands at 461M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 69.17 TWD (bear case) to 165.82 TWD (bull case); at 125.00 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 13% below its 52-week high and 60% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at 3%, 6227 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
Residual Income 46.82 TWD 59.52 TWD 171.74 TWD 76
Growth DCF 31.78 TWD 47.36 TWD 71.46 TWD 72
Gordon GGM 33.37 TWD 66.50 TWD 100.70 TWD 70
All 25 models by family
DCF Models
FCF DCF 31.79 TWD 48.38 TWD 74.74 TWD 38
Owner Earnings 98.86 TWD 160.20 TWD 257.68 TWD 31
5Y Revenue Exit 72.93 TWD 130.86 TWD 209.35 TWD 39
5Y EBITDA Exit 76.80 TWD 138.53 TWD 214.92 TWD 41
5Y P/E Exit 82.71 TWD 150.25 TWD 225.91 TWD 38
10Y Revenue Exit 54.98 TWD 104.05 TWD 178.32 TWD 36
10Y EBITDA Exit 60.27 TWD 109.42 TWD 182.72 TWD 37
10Y P/E Exit 64.04 TWD 117.65 TWD 191.39 TWD 35
Earnings-Based
Graham-Dodd 51.26 TWD 206.96 TWD 281.53 TWD 54
Lynch FV 51.66 TWD 73.79 TWD 95.93 TWD 50
PEG = 1.0 51.66 TWD 73.79 TWD 95.93 TWD 46
EPV 87.59 TWD 100.32 TWD 111.31 TWD 59
Dividend Discount
Gordon GGM 33.37 TWD 66.50 TWD 100.70 TWD 70
DDM Multi-Stage 33.37 TWD 57.47 TWD 70.20 TWD 61
Multiples
P/E Multiple 113.07 TWD 150.75 TWD 188.44 TWD 63
P/S Multiple 96.11 TWD 128.14 TWD 160.18 TWD 58
P/B Multiple 88.35 TWD 117.80 TWD 147.26 TWD 55
EV/EBIT 140.73 TWD 185.32 TWD 229.92 TWD 53
EV/EBITDA 110.06 TWD 144.43 TWD 178.81 TWD 54
EV/Revenue 97.12 TWD 135.77 TWD 174.42 TWD 43
Asset-Based
NCAV (Graham) 19.63 TWD 26.31 TWD 39.27 TWD 50
Growth DCF
Growth DCF 31.78 TWD 47.36 TWD 71.46 TWD 72
Economic Profit
Residual Income 46.82 TWD 59.52 TWD 171.74 TWD 76
ROIC Compounder 95.88 TWD 121.02 TWD 151.03 TWD 67
Growth Earnings
Growth-Adj P/E 87.67 TWD 125.24 TWD 162.81 TWD 68

Widest divergence: Multiples (135.77 TWD) versus Asset-Based (26.31 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 18.9B TWD
Revenue growth (YoY) +40.8%
Net margin 3.5%
Return on equity 24.7%
Free cash flow 163M TWD FY2025
P/E ratio 14.5
More key figures
Operating margin 6.1%
EPS (TTM) 7.42 TWD
Dividend yield 4.3%
EPS growth (YoY) +63.9%
Net debt 461M TWD FY2023

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 61 · Market factors (momentum, volatility) 73

Profitability 56
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 87
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

Macnica Galaxy Inc., together with its subisidaries, engages in the agency trading and technical service of semiconductor electronic components in Taiwan, rest of Asia, and internationally. The company distributes semiconductors, AI, IoT, CAE simulation software, AI-powered commercial service robots, and industrial-grade robotic arms.

Full company description

Macnica Galaxy Inc., together with its subisidaries, engages in the agency trading and technical service of semiconductor electronic components in Taiwan, rest of Asia, and internationally. The company distributes semiconductors, AI, IoT, CAE simulation software, AI-powered commercial service robots, and industrial-grade robotic arms. It also exports and imports electronic and electrical components, as well as finished products. The company serves the server, IoT, communication, industrial electronics, automotive, and smart factory sectors. The company was founded in 1979 and is based in New Taipei City, Taiwan. Macnica Galaxy Inc. is a subsidiary of Macnica Chungju Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Macnica Galaxy Inc reported revenue of 17.5B TWD in FY2025 versus 14.3B TWD in FY2021, a compound +5.2%/yr. Reported net income was 574M TWD in FY2025, compounding +7.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
17.5B TWD
Latest YoY
+41.9%
Avg. growth/yr (3Y) 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.
+5.2%
Avg. 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.
+11.3%
Avg. growth/yr (9Y) 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.
+9.0%
Revenue +5.2%/yr
FY21 14.3B TWD
FY22 15.0B TWD
FY23 13.4B TWD
FY24 12.3B TWD
FY25 17.5B TWD
Net income +7.9%/yr
FY21 423M TWD
FY22 578M TWD
FY23 318M TWD
FY24 490M TWD
FY25 574M TWD

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Cite: Fair Value Calculator (2026). "Macnica Galaxy Inc Fair Value". https://www.fairvalue-calculator.com/stock/6227

Peer Group

Electronics & Computer Distribution · 151 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 64 · Top 25%
Fair Value upside +3% · Above median
Return on equity (TTM) 25% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 6% · Top 25%
Revenue growth 41% · Top 25%
Dividend yield (TTM) 4.3% · Above median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 14.5× · Cheaper than median
P/B 2.74× · Pricier than 75% of peers
P/S (TTM) 0.43× · Pricier than median
P/FCF 1.6× · Cheaper than median
EV/EBITDA 8.9× · Pricier 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.

VALUE 37 · sector 14
FUTURE 100 · sector 57
PAST 99 · sector 36
HEALTH 0 · sector 98
DIVIDEND 86 · sector 39

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%

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Frequently asked questions

Is Macnica Galaxy Inc (6227) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 128.37 TWD versus a price of 125.00 TWD, about +3% (fairly valued).
What is the fair value of 6227?
Our model-based fair value for Macnica Galaxy Inc is 128.37 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 125.00 TWD.
What is the quality score of 6227?
Macnica Galaxy Inc 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 revenue of Macnica Galaxy Inc (6227)?
Macnica Galaxy Inc reported trailing-twelve-month revenue of about 18.9B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6227?
The net profit margin of Macnica Galaxy Inc is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. Based on the latest reported figures.
Does Macnica Galaxy Inc pay a dividend?
Macnica Galaxy Inc currently shows a dividend yield of about 3.45% relative to its recent price (as of Jul 21, 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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