ATrack Technology (6465) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of ATrack Technology stock TWD 8.73, price TWD 34.40, that is 74.6% below the price, quality 69 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range 12.60 TWD – 71.20 TWD · fair‑value band 6.32 TWD – 11.54 TWD · the 34.40 TWD price screens above the 8.73 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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ATrack Technology Inc. telematics products and services in Taiwan, the United States, Canada, Japan, France, Australia, Mexico, and internationally. It offers telematics gateway and tracking, and asset tracking products, as well as accessories.
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The company also provides AI Vision dash cameras and rugged Bluetooth sensors. In addition, it offers software products, such as ATrack Device Management, a web-based centralized device management platform; ATrack Configuration Tool, a windows-based utility tool; and Bluetooth Configation Tool.
The company provides its products and services to in logistics, construction and mining, cold chain, school bus, taxi, car sharing and rental, and agriculture industries. ATrack Technology Inc. was founded in 2010 and is headquartered in Taipei, Taiwan.
Stock analysis
ATrack Technology (6465) currently trades at 34.40 TWD, while our model-based Fair Value estimate is 8.73 TWD, 75% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 14.39 TWD per share, and 1 of the 24 models we run sit above the 34.40 TWD price.
Bear case: the Asset-Based group reads lowest at 3.53 TWD, and 23 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6.32 TWD (bear) to 11.54 TWD (bull), the price of 34.40 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 69/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
ATrack Technology reported revenue of 263M TWD in FY2025 versus 209M TWD in FY2021, a compound +6.0%/yr. Reported net income was 40.4M TWD in FY2025.
Key figures
Market cap 2.1B TWD (≈ $63.8M) Micro · P/E ratio 10.1 · P/S ratio 5.75 · EPS (TTM) 3.42 TWD · Dividend yield 0.6% · Net margin 48.5% · Return on equity 32.3% · Return on assets (EBIT) −8.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 84 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 119% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −75%, 6465 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (3.53 TWD to 49.89 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear6.32 TWDFair Value 8.73 TWDBull11.54 TWD
Price 34.40 TWD · Downside -74.6%
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 (2.76 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+63.6%
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.
+11.3%
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.
+1.8%
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.
+0.9%
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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.
≈ +90.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +90.0%
Dividend (yield on the price)0.6%
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.−36% → 15%
⚠ Revenue per share shrinking 3.9%/yr over ~6Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.038 per share, median 0.60 in 2017 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+36.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +34.1% a year for the price.
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.Communication Equipment · 303 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside−72.1% · Bottom 25%
Profitability
Return on equity (12 months)32.3% · Top 25%
Return on assets7.1% · Top 25%
Net margin (12 months)48.5% · Top 25%
Operating margin (12 months)32.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)74.0% · Top 25%
Dividend yield (12 months)0.6% · Below median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
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). "ATrack Technology Fair Value". https://www.fairvalue-calculator.com/stock/6465
Frequently asked questions
Is ATrack Technology (6465) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 8.73 TWD versus a price of 34.40 TWD, about 75% lower (overvalued).
What is the fair value of 6465?
Our model-based fair value for ATrack Technology is 8.73 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 34.40 TWD.
What is the quality score of 6465?
ATrack Technology has a Quality Score of 69/100. 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 ATrack Technology (6465)?
Our model-based price target is the fair value of 8.73 TWD (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 6.32 TWD, optimistic scenario 11.54 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the ATrack Technology stock forecast for 2026?
Our models put fair value at 8.73 TWD, about 75% lower versus a price of 34.40 TWD (overvalued). Cautious scenario 6.32 TWD, optimistic scenario 11.54 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of ATrack Technology (6465)?
ATrack Technology reported trailing-twelve-month revenue of about 331M TWD (latest available figure, as of Nov 9, 2026).
Does ATrack Technology pay a dividend?
ATrack Technology currently shows a dividend yield of 0.58% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of ATrack Technology (6465) and when is the ex-dividend date?
ATrack Technology pays a dividend of 0.2 TWD per share a year, a dividend yield of 0.6%. The last ex-dividend date was Jun 16, 2026. The payout ratio is 5.8% of earnings. Free cash flow covers the dividend 2.38 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into ATrack Technology (6465)?
For today's price to be fair in a discounted-cash-flow model, ATrack Technology would have to grow free cash flow by +36.2 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.8 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 6465 use?
Our models discount ATrack Technology at 13.3 %: a base by market capitalisation (micro), country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ATrack Technology that is +36.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has ATrack Technology (6465) delivered so far?
Over the past 5 years revenue at ATrack Technology grew +1.8 % a year. The price currently implies free-cash-flow growth of +36.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of ATrack Technology (6465) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into ATrack Technology (+36.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ATrack Technology (6465)?
The free-cash-flow yield on the price is 1.92 %: that much free cash flow ATrack Technology produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ATrack Technology (6465)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ATrack Technology it is 8.73 TWD per share (as of Nov 9, 2026), against a price of 34.40 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is ATrack Technology stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 6465 trades above its calculated fair value: price 34.40 TWD, fair value 8.73 TWD, a gap of about −75% (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 6465?
No. The price is what the market pays today (34.40 TWD); the fair value is what the company's own numbers justify (8.73 TWD). For ATrack Technology the two are 25.67 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is ATrack Technology worth?
The market values ATrack Technology at about 2.1B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 34.40 TWD; our models calculate a fair value of 8.73 TWD per share.
What do the bullish and bearish scenarios say about 6465?
Our models span a range for ATrack Technology: cautious scenario 6.32 TWD, base 8.73 TWD, optimistic 11.54 TWD per share (as of Nov 9, 2026, price 34.40 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6465?
ATrack Technology trades at a price-to-earnings ratio of 10.1 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 8.73 TWD is built from several models across several years. Other multiples: P/B 3.9, P/S 5.8, EV/EBITDA 14.4.
How solid is the balance sheet of ATrack Technology (6465)?
Balance-sheet figures for ATrack Technology (as of Nov 9, 2026): return on equity 32.3%. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is 6465 from its 52-week high?
ATrack Technology trades at 34.40 TWD, about 52% below its 52-week high of 71.20 TWD and 119% above the low of 15.71 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 8.73 TWD is for.
Which stocks are comparable to ATrack Technology?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, 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 ATrack Technology stock attractive at the current price?
The data as of Nov 9, 2026: price 34.40 TWD, calculated fair value 8.73 TWD (−75%), Quality Score 69/100, from 24 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 6465 calculated?
We run ATrack Technology through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 8.73 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. ATrack Technology 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 ATrack Technology (6465)?
The closing price on Nov 9, 2026 was 34.40 TWD. Our model-based fair value is 8.73 TWD, about 75% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ATrack Technology right now?
The price sits above even our optimistic bull case (11.54 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (6.32 TWD to 11.54 TWD) leaves room in how you read the outcome.
Key figures of ATrack Technology
How large is the market capitalisation of ATrack Technology (6465)?
The market capitalisation of ATrack Technology is 2.1B TWD (≈ $63.8M). 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 ATrack Technology (6465)?
The price-to-sales ratio of ATrack Technology is 5.75 (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 ATrack Technology (6465)?
Earnings per share at ATrack Technology are 3.42 TWD (price ÷ EPS = P/E 10.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ATrack Technology (6465)?
The dividend yield of ATrack Technology is 0.6% (payout 5.8%). 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 ATrack Technology (6465)?
The net margin of ATrack Technology is 48.5% (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 ATrack Technology (6465)?
The return on equity (ROE) of ATrack Technology is 32.3% (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 ATrack Technology (6465)?
On an EBIT basis the return on assets of ATrack Technology is −8.7% (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 ATrack Technology (6465)?
The operating margin of ATrack Technology is 32.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ATrack Technology (6465)?
Revenue at ATrack Technology is growing +74.0% versus a year earlier (3y avg +11.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does ATrack Technology (6465) carry?
The net debt of ATrack Technology is 190M TWD (fiscal year 2023, ≈ 6.8 yrs of FCF). 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
Nov 9, 2026