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Sinopower Semiconductor, Inc (6435) Fair Value & Analysis

Technology · TW · Market cap 10.7B TWD

SS Sinopower Semiconductor, Inc 6435 · TWO
Price258.50 TWD
Fair Value160.84 TWD
Upside-37.8%
Quality77/100
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Healthy Growth
Solidly profitable · 11.8% net margin
Low debt · generates free cash flow
2.81% dividend yield
Ranks above peers (12/14)
Wide moat 65/100
Evidence: High Range 120.63 TWD – 201.05 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price −31.1% over the past month.

A strong business, but screening 38% overvalued on our models.

What matters now

  • A high-quality business (quality 77/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (201.05 TWD). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

420.00 TWD 78.80 TWD Fair Value 160.84 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 78.80 TWD – 420.00 TWD · fair‑value band 120.63 TWD – 201.05 TWD · the 258.50 TWD price screens above the 160.84 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

Sinopower Semiconductor, Inc (6435) currently trades at 258.50 TWD, while our model-based Fair Value estimate is 160.84 TWD, implying the stock looks roughly 37.8% overvalued today. The Quality Score stands at 77/100 (high 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, Sinopower Semiconductor, Inc generated revenue of 3.4B TWD at a net margin of 11.8%. Revenue grew 4.0% year over year. It earns a return on equity of 22.3%. Net debt stands at 61.4M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 120.63 TWD (bear case) to 201.05 TWD (bull case); at 258.50 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 16% below its 52-week high and 187% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -38%, 6435 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
Growth DCF 168.08 TWD 253.68 TWD 379.25 TWD 80
Residual Income 61.61 TWD 78.80 TWD 218.56 TWD 76
Rev-Margin DCF 117.88 TWD 178.83 TWD 251.50 TWD 74
All 26 models by family
DCF Models
FCF DCF 166.25 TWD 265.03 TWD 420.71 TWD 38
Owner Earnings 110.70 TWD 175.33 TWD 277.20 TWD 31
5Y Revenue Exit 117.88 TWD 177.93 TWD 254.13 TWD 39
5Y EBITDA Exit 124.74 TWD 191.08 TWD 268.45 TWD 41
5Y P/E Exit 144.29 TWD 228.54 TWD 318.19 TWD 38
10Y Revenue Exit 130.77 TWD 190.61 TWD 271.11 TWD 36
10Y EBITDA Exit 138.03 TWD 199.86 TWD 282.28 TWD 37
10Y P/E Exit 150.61 TWD 226.21 TWD 321.11 TWD 35
Earnings-Based
Graham-Dodd 64.34 TWD 223.88 TWD 300.88 TWD 54
Lynch FV 51.99 TWD 74.27 TWD 96.55 TWD 50
PEG = 1.0 51.99 TWD 74.27 TWD 96.55 TWD 46
EPV 91.01 TWD 105.26 TWD 117.72 TWD 59
Dividend Discount
Gordon GGM 39.50 TWD 82.12 TWD 130.28 TWD 70
DDM Multi-Stage 39.50 TWD 68.83 TWD 86.19 TWD 61
Multiples
P/E Multiple 141.92 TWD 189.23 TWD 236.53 TWD 63
P/S Multiple 120.63 TWD 160.84 TWD 201.05 TWD 58
P/B Multiple 120.63 TWD 160.84 TWD 201.05 TWD 55
EV/EBIT 140.16 TWD 185.03 TWD 229.91 TWD 53
EV/EBITDA 114.37 TWD 150.65 TWD 186.93 TWD 54
EV/Revenue 96.28 TWD 135.17 TWD 174.06 TWD 43
Asset-Based
NCAV (Graham) 27.41 TWD 36.73 TWD 54.82 TWD 50
Growth DCF
Growth DCF 168.08 TWD 253.68 TWD 379.25 TWD 80
Rev-Margin DCF 117.88 TWD 178.83 TWD 251.50 TWD 74
Economic Profit
Residual Income 61.61 TWD 78.80 TWD 218.56 TWD 76
ROIC Compounder 98.18 TWD 124.82 TWD 157.16 TWD 72
Growth Earnings
Growth-Adj P/E 122.88 TWD 175.54 TWD 228.20 TWD 68

Widest divergence: DCF Models (191.08 TWD) versus Asset-Based (36.73 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.4B TWD
Revenue growth (YoY) +4.0%
Net margin 11.8%
Return on equity 22.3%
Free cash flow 514M TWD FY2025
P/E ratio 30.8
More key figures
Operating margin 15.9%
EPS (TTM) 9.29 TWD
Dividend yield 2.8%
EPS growth (YoY) +55.1%
Net debt 61.4M TWD FY2023

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

Quality Score breakdown

Overall quality 77/100

Of which business quality 76 · Market factors (momentum, volatility) 70

Profitability 67
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 24
Calm price path (market factor)
Momentum 98
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 84
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

Sinopower Semiconductor, Inc. engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally. It also offers MOSFET, IGBT, and high voltage integrated circuits.

Full company description

Sinopower Semiconductor, Inc. engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally. It also offers MOSFET, IGBT, and high voltage integrated circuits. Its solutions are used for applications in computing, power conversion, motor, battery, communication electronic products, industry and automotive, handheld electronic devices, and consumer products applications. The company was incorporated in 2008 and is headquartered in Hsinchu City, Taiwan. Sinopower Semiconductor, Inc. operates as a subsidiary of Anpec Electronics Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sinopower Semiconductor, Inc reported revenue of 3.4B TWD in FY2025 versus 3.1B TWD in FY2021, a compound +2.2%/yr. Reported net income was 354M TWD in FY2025, compounding −5.1%/yr from FY2021.

Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.4B TWD
Latest YoY
+25.2%
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.
+4.2%
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.
+5.5%
Avg. growth/yr (13Y) 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.
+8.8%
Revenue +2.2%/yr
FY21 3.1B TWD
FY22 3.0B TWD
FY23 2.7B TWD
FY24 2.7B TWD
FY25 3.4B TWD
Net income −5.1%/yr
FY21 437M TWD
FY22 456M TWD
FY23 149M TWD
FY24 226M TWD
FY25 354M TWD
Character of growth · EPS growth decomposed (2012-2023) +12.8 % p.a.
Revenue per share +7.2 pp

of which total revenue +10.4 pp · buybacks/dilution −3.2 pp

EBIT margin +7.1 pp
Tax rate −0.8 pp
Residual (interest, one-offs) −0.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

6435 screens 38% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Sinopower Semiconductor, Inc Fair Value". https://www.fairvalue-calculator.com/stock/6435

Peer Group

Semiconductors · 318 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 77 · Top 25%
Fair Value upside −38% · Above median
Return on equity (TTM) 22% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 12% · Above median
Operating margin (TTM) 16% · Above median
Revenue growth 4% · Below median
Dividend yield (TTM) 2.8% · Top 25%

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 30.8× · Cheaper than median
P/B 5.22× · Pricier than median
P/S (TTM) 3.12× · Cheaper than median
P/FCF 0.6× · Cheaper than median
EV/EBITDA 22.5× · Cheaper 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 0 · sector 0
FUTURE 20 · sector 60
PAST 89 · sector 25
HEALTH 100 · sector 97
DIVIDEND 56 · sector 22

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

Insider activity: 45/100

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 Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $418.47 $208.16 -50%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Sinopower Semiconductor, Inc (6435) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 160.84 TWD versus a price of 258.50 TWD, about −38% (overvalued).
What is the fair value of 6435?
Our model-based fair value for Sinopower Semiconductor, Inc is 160.84 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 258.50 TWD.
What is the quality score of 6435?
Sinopower Semiconductor, Inc has a Quality Score of 77/100. 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 Sinopower Semiconductor, Inc (6435)?
Sinopower Semiconductor, Inc reported trailing-twelve-month revenue of about 3.4B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6435?
The net profit margin of Sinopower Semiconductor, Inc is about 11.8%, meaning it keeps roughly 11.8% of revenue as net income. Based on the latest reported figures.
Does Sinopower Semiconductor, Inc pay a dividend?
Sinopower Semiconductor, Inc currently shows a dividend yield of about 2.91% 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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