V-Tac Technology Co Ltd (6229) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of V-Tac Technology Co Ltd stock TWD 9.66, price TWD 22.45, upside -57.0%, quality 44 out of 100. Rating: strongly overvalued. 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. As of Oct 30, 2026.
How to read this chart
60‑month range 18.70 TWD – 44.54 TWD · fair‑value band 6.38 TWD – 12.08 TWD · the 22.45 TWD price screens above the 9.66 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.
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V-TAC Technology Co.,Ltd. provides professional services for the semiconductor industry in Taiwan.
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It offers various types of MCUs, voice and sound effects, sensor IC, imaging, HMI, PCBA modules, TFT modules, optical modules, and computer peripherals, as well as CMOS, G-sensors, Wifi or BLE modules, LED, SD cards, IR modules, DC motors, memory, and LDO and power IC products.
The company also provides image and video processing, human and machine interface, PC and mobile peripheral, interactive toy and game, audio and sound effects, power management, wireless and IoT, and edge AI solutions.
V-TAC Technology Co.,Ltd. was founded in 1992 and is headquartered in New Taipei City, Taiwan.
Stock analysis
V-Tac Technology Co Ltd (6229) currently trades at 22.45 TWD, while our model-based Fair Value estimate is 9.66 TWD, 57.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 15.05 TWD per share, and 1 of the 14 models we run sit above the 22.45 TWD price.
Bear case: the Growth Earnings group reads lowest at 1.12 TWD, and 13 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6.38 TWD (bear) to 12.08 TWD (bull), the price of 22.45 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 44/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
V-Tac Technology Co Ltd reported revenue of 2.2B TWD in FY2025 versus 2.1B TWD in FY2021, a compound +0.5%/yr. Reported net income was 2.0M TWD in FY2025, compounding −66.7%/yr from FY2021.
Key figures
Market cap 906M TWD (≈ $27.8M) Micro · P/E ratio 20.8 · P/S ratio 0.34 · EPS (TTM) 1.08 TWD · Dividend yield 2.7% · Net margin 1.7% · Return on equity 6.4% · Return on assets (EBIT) 4.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at −57%, 6229 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.6100 TWD to 97.42 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear6.38 TWDFair Value 9.66 TWDBull12.08 TWD
Price 22.45 TWD · Upside -57.0%
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 (0.3998 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.35/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+19.8%
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.
+10.3%
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.
+4.3%
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.
+2.7%
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What shareholders gained per year (last 5 years), in TWD ⓘ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. 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.
−45.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−48.2%
Dividend (yield on the price)2.7%
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.3% → 0%
Compare V-Tac Technology Co Ltd with another stock
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.Semiconductors · 361 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−57.0% · Below median
Profitability
Return on equity (12 months)6.4% · Below median
Return on assets0.1% · Below median
Net margin (12 months)1.7% · Below median
Operating margin (12 months)2.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)59.0% · Top 25%
Dividend yield (12 months)2.7% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)20.8× · Cheaper than median
P/B1.30× · Cheapest 25%
P/S (12 months)0.34× · Cheapest 25%
EV/EBITDA24.0× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 100
PAST (return on equity)26· sector 28
HEALTH (low debt)98· sector 96
DIVIDEND (yield)53· sector 18
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). "V-Tac Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6229
Frequently asked questions
Is V-Tac Technology Co Ltd (6229) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of 9.66 TWD versus a price of 22.45 TWD, about −57% upside (overvalued).
What is the fair value of 6229?
Our model-based fair value for V-Tac Technology Co Ltd is 9.66 TWD (as of Oct 30, 2026), built from audited fundamentals. The current price: 22.45 TWD.
What is the quality score of 6229?
V-Tac Technology Co Ltd has a Quality Score of 44/100. 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 V-Tac Technology Co Ltd (6229)?
Our model-based price target is the fair value of 9.66 TWD (as of Oct 30, 2026) from 14 valuation models. Cautious scenario 6.38 TWD, optimistic scenario 12.08 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the V-Tac Technology Co Ltd stock forecast for 2026?
Our models put fair value at 9.66 TWD, about −57% upside versus a price of 22.45 TWD (overvalued). Cautious scenario 6.38 TWD, optimistic scenario 12.08 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of V-Tac Technology Co Ltd (6229)?
V-Tac Technology Co Ltd reported trailing-twelve-month revenue of about 2.7B TWD (latest available figure, as of Oct 30, 2026).
Does V-Tac Technology Co Ltd pay a dividend?
V-Tac Technology Co Ltd currently shows a dividend yield of 2.67% relative to its recent price (as of Oct 30, 2026).
What is the intrinsic value of V-Tac Technology Co Ltd (6229)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For V-Tac Technology Co Ltd it is 9.66 TWD per share (as of Oct 30, 2026), against a price of 22.45 TWD. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is V-Tac Technology Co Ltd stock overvalued or undervalued in 2026?
As of Oct 30, 2026, 6229 trades above its calculated fair value: price 22.45 TWD, fair value 9.66 TWD, a gap of about −57% (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 6229?
No. The price is what the market pays today (22.45 TWD); the fair value is what the company's own numbers justify (9.66 TWD). For V-Tac Technology Co Ltd the two are 12.79 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is V-Tac Technology Co Ltd worth?
The market values V-Tac Technology Co Ltd at about 906M TWD (market capitalisation, as of Oct 30, 2026). Per share that is 22.45 TWD; our models calculate a fair value of 9.66 TWD per share.
What do the bullish and bearish scenarios say about 6229?
Our models span a range for V-Tac Technology Co Ltd: cautious scenario 6.38 TWD, base 9.66 TWD, optimistic 12.08 TWD per share (as of Oct 30, 2026, price 22.45 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6229?
V-Tac Technology Co Ltd trades at a price-to-earnings ratio of 20.8 (as of Oct 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 9.66 TWD is built from several models across several years. Other multiples: P/B 1.3, P/S 0.3, EV/EBITDA 24.0.
How solid is the balance sheet of V-Tac Technology Co Ltd (6229)?
Balance-sheet figures for V-Tac Technology Co Ltd (as of Oct 30, 2026): return on equity 6.4%, debt of 0.04 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 6229 from its 52-week high?
V-Tac Technology Co Ltd trades at 22.45 TWD, about 28% below its 52-week high of 31.15 TWD and 12% above the low of 20.05 TWD (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 9.66 TWD is for.
Which stocks are comparable to V-Tac Technology Co Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, 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 V-Tac Technology Co Ltd stock attractive at the current price?
The data as of Oct 30, 2026: price 22.45 TWD, calculated fair value 9.66 TWD (−57%), Quality Score 44/100, from 14 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 6229 calculated?
We run V-Tac Technology Co Ltd through 14 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 9.66 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 13.4 % above its aggregate fair value. V-Tac Technology 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 V-Tac Technology Co Ltd (6229)?
The closing price on Oct 30, 2026 was 22.45 TWD. Our model-based fair value is 9.66 TWD, about −57% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with V-Tac Technology Co Ltd right now?
The price sits above even our optimistic bull case (12.08 TWD). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 (6.38 TWD to 12.08 TWD) leaves room in how you read the outcome.
Key figures of V-Tac Technology Co Ltd
How large is the market capitalisation of V-Tac Technology Co Ltd (6229)?
The market capitalisation of V-Tac Technology Co Ltd is 906M TWD (≈ $27.8M). 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 V-Tac Technology Co Ltd (6229)?
The price-to-sales ratio of V-Tac Technology Co Ltd is 0.34 (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 V-Tac Technology Co Ltd (6229)?
Earnings per share at V-Tac Technology Co Ltd are 1.08 TWD (price ÷ EPS = P/E 20.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of V-Tac Technology Co Ltd (6229)?
The dividend yield of V-Tac Technology Co Ltd is 2.7% (payout 55.6%). 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 V-Tac Technology Co Ltd (6229)?
The net margin of V-Tac Technology Co Ltd is 1.7% (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 V-Tac Technology Co Ltd (6229)?
The return on equity (ROE) of V-Tac Technology Co Ltd is 6.4% (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 V-Tac Technology Co Ltd (6229)?
On an EBIT basis the return on assets of V-Tac Technology Co Ltd is 4.4% (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 V-Tac Technology Co Ltd (6229)?
The operating margin of V-Tac Technology Co Ltd is 2.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at V-Tac Technology Co Ltd (6229)?
Revenue at V-Tac Technology Co Ltd is growing +59.0% versus a year earlier (3y avg +10.3%). 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 V-Tac Technology Co Ltd (6229)?
Earnings per share at V-Tac Technology Co Ltd are growing +44.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does V-Tac Technology Co Ltd (6229) generate?
The free cash flow of V-Tac Technology Co Ltd is −125M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does V-Tac Technology Co Ltd (6229) carry?
The net debt of V-Tac Technology Co Ltd is 339M TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 30, 2026