ANJI Technology Co. Ltd (6477) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of ANJI Technology Co. Ltd TWD 7.12, price TWD 34.60, upside -79.4%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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ANJI Technology Co., Ltd. engages in the development, manufacture, and sale of solar modules for power generation systems in Taiwan. It also provides 3D printing services. The company was founded in 2007 and is based in Táinán, Taiwan.
Stock analysis
ANJI Technology Co. Ltd (6477) currently trades at 34.60 TWD, while our model-based Fair Value estimate is 7.12 TWD, 79.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 17.28 TWD per share, and 1 of the 20 models we run sit above the 34.60 TWD price.
Bear case: the Earnings-Based group reads lowest at 0.8400 TWD, and 19 of the 20 models stay below the price. Evidence for this calculation is medium.
Scenario range: 7.12 TWD (bear) to 11.45 TWD (bull), the price of 34.60 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 40/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
ANJI Technology Co. Ltd reported revenue of 856M TWD in FY2025 versus 1.5B TWD in FY2021, a compound −13.7%/yr. Reported net income was 12.5M TWD in FY2025, compounding −44.5%/yr from FY2021.
Key figures
Market cap 5.1B TWD (≈ $162M) · P/S ratio 5.50 · EPS (TTM) 0.0200 TWD · Dividend yield 1.0% · Net margin 1.5% · Return on equity 0.6% · Return on assets (EBIT) 2.8% · Operating margin 12.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −79%, 6477 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.5800 TWD to 40.72 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 7.12 TWDFair Value 7.12 TWDBull 11.45 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−4.5%
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.
−36.0%
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.
−16.3%
Start year 2020 (pandemic). Over 10 years: −4.1% a year
Revenue growth 13 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.
+5.6%
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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.
−59.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−60.8%
Dividend (yield on the price)1.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−60.8% vs −35.5%, slowing
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.17% → 19%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 9.1%/yr over ~10Y (margins intact) ⓘ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.
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).
+41.5%
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 +39.3% a year for the price.
Compare ANJI 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.Solar · 105 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score40 · Above median
Fair Value upside−79.4% · Bottom 25%
Profitability
Return on equity (TTM)0.6% · Above median
Return on assets1.4% · Above median
Net margin (TTM)1.2% · Above median
Operating margin (TTM)12.9% · Above median
Growth and dividend
Revenue growth54.2% · Top 25%
Dividend yield (TTM)1.0% · Below median
Balance sheet
Debt / equity0.83× · Highest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 10
FUTURE (revenue growth)100· sector 0
PAST (return on equity)3· sector 0
HEALTH (low debt)59· sector 84
DIVIDEND (yield)20· sector 26
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.
Is ANJI Technology Co. Ltd (6477) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 7.12 TWD versus a price of 34.60 TWD, about −79% upside (overvalued).
What is the fair value of 6477?
Our model-based fair value for ANJI Technology Co. Ltd is 7.12 TWD (as of Sep 27, 2026), built from audited fundamentals. The current price: 34.60 TWD.
What is the quality score of 6477?
ANJI Technology Co. Ltd has a Quality Score of 40/100. 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 ANJI Technology Co. Ltd (6477)?
Our model-based price target is the fair value of 7.12 TWD (as of Sep 27, 2026) from 20 valuation models. Cautious scenario 7.12 TWD, optimistic scenario 11.45 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the ANJI Technology Co. Ltd stock forecast for 2026?
Our models put fair value at 7.12 TWD, about −79% upside versus a price of 34.60 TWD (overvalued). Cautious scenario 7.12 TWD, optimistic scenario 11.45 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of ANJI Technology Co. Ltd (6477)?
ANJI Technology Co. Ltd reported trailing-twelve-month revenue of about 935M TWD (latest available figure, as of Sep 27, 2026).
Does ANJI Technology Co. Ltd pay a dividend?
ANJI Technology Co. Ltd currently shows a dividend yield of about 1.01% relative to its recent price (as of Sep 27, 2026).
What growth is priced into ANJI Technology Co. Ltd (6477)?
For today's price to be fair in a discounted-cash-flow model, ANJI Technology Co. Ltd would have to grow free cash flow by +41.5 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -16.3 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 6477 use?
Our models discount ANJI Technology Co. Ltd at 12.0 %: a base by market capitalisation (micro), damped by beta 0.62, 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 ANJI Technology Co. Ltd that is +41.5 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has ANJI Technology Co. Ltd (6477) delivered so far?
Over the past 5 years revenue at ANJI Technology Co. Ltd grew -16.3 % a year. The price currently implies +41.5 % per year free-cash-flow growth a 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 ANJI Technology Co. Ltd (6477) growing?
The median revenue growth in the sector is +10.3 % a year. That is the yardstick for the growth priced into ANJI Technology Co. Ltd (+41.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ANJI Technology Co. Ltd (6477)?
The free-cash-flow yield on the price is 1.57 %: that much free cash flow ANJI Technology Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ANJI Technology Co. Ltd (6477)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ANJI Technology Co. Ltd it is 7.12 TWD per share (as of Sep 27, 2026), against a price of 34.60 TWD. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is ANJI Technology Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 6477 trades above its calculated fair value: price 34.60 TWD, fair value 7.12 TWD, a gap of about −79% (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 6477?
No. The price is what the market pays today (34.60 TWD); the fair value is what the company's own numbers justify (7.12 TWD). For ANJI Technology Co. Ltd the two are 27.48 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is ANJI Technology Co. Ltd worth?
The market values ANJI Technology Co. Ltd at about 5.1B TWD (market capitalisation, as of Sep 27, 2026). Per share that is 34.60 TWD; our models calculate a fair value of 7.12 TWD per share.
What do the bullish and bearish scenarios say about 6477?
Our models span a range for ANJI Technology Co. Ltd: cautious scenario 7.12 TWD, base 7.12 TWD, optimistic 11.45 TWD per share (as of Sep 27, 2026, price 34.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ANJI Technology Co. Ltd (6477)?
Balance-sheet figures for ANJI Technology Co. Ltd (as of Sep 27, 2026): return on equity 0.6%, debt of 0.83 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 6477 from its 52-week high?
ANJI Technology Co. Ltd trades at 34.60 TWD, about 18% below its 52-week high of 42.35 TWD and 17% above the low of 29.60 TWD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 7.12 TWD is for.
Which stocks are comparable to ANJI Technology Co. Ltd?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Tongwei Co, Waaree Energies Limited, 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 ANJI Technology Co. Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price 34.60 TWD, calculated fair value 7.12 TWD (−79%), Quality Score 40/100, from 20 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 6477 calculated?
We run ANJI Technology Co. Ltd through 20 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 7.12 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 14.5 % above its aggregate fair value. ANJI 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 ANJI Technology Co. Ltd (6477)?
The closing price on Oct 2, 2026 was 34.60 TWD. Our model-based fair value is 7.12 TWD, about −79% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ANJI Technology Co. Ltd right now?
The price sits above even our optimistic bull case (11.45 TWD). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of ANJI Technology Co. Ltd (6477) come from?
Earnings per share at ANJI Technology Co. Ltd grew −19.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −17.8 %, EBIT margin +6.4 %, tax rate −0.2 %, residual (interest, one-offs) −7.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of ANJI Technology Co. Ltd
How large is the market capitalisation of ANJI Technology Co. Ltd (6477)?
The market capitalisation of ANJI Technology Co. Ltd is 5.1B TWD (≈ $162M). 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 ANJI Technology Co. Ltd (6477)?
The price-to-sales ratio of ANJI Technology Co. Ltd is 5.50 (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 ANJI Technology Co. Ltd (6477)?
Earnings per share at ANJI Technology Co. Ltd are 0.0200 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ANJI Technology Co. Ltd (6477)?
The dividend yield of ANJI Technology Co. Ltd is 1.0%. 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 ANJI Technology Co. Ltd (6477)?
The net margin of ANJI Technology Co. Ltd is 1.5% (fiscal year 2025). 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 ANJI Technology Co. Ltd (6477)?
The return on equity (ROE) of ANJI Technology Co. Ltd is 0.6% (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 ANJI Technology Co. Ltd (6477)?
On an EBIT basis the return on assets of ANJI Technology Co. Ltd is 2.8% (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 ANJI Technology Co. Ltd (6477)?
The operating margin of ANJI Technology Co. Ltd is 12.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ANJI Technology Co. Ltd (6477)?
Revenue at ANJI Technology Co. Ltd is growing +54.2% versus a year earlier (3y avg −36.0%). 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 ANJI Technology Co. Ltd (6477)?
Earnings per share at ANJI Technology Co. Ltd are growing −4.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ANJI Technology Co. Ltd (6477) carry?
The net debt of ANJI Technology Co. Ltd is 3.9B TWD (fiscal year 2025, ≈ 11.5 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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