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ASolid Technology Co (6485) Fair Value & Analysis

Technology · TW · Market cap 2.9B TWD

AT ASolid Technology Co 6485 · TWO
Price65.20 TWD
Fair Value12.55 TWD
Upside-80.8%
Quality69/100
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Healthy Growth
Thin margins · 0.5% net margin
generates free cash flow
Trails peers (3/13)
Narrow moat 27/100
Evidence: High Range 10.69 TWD – 15.14 TWD Share as image

Fair value as of: Jul 23, 2026

From 23 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 10.58 TWD to 12.55 TWD (+18.6%) since Jul 12, 2026. Share price −15.1% over the past month.

A solid business, but screening 81% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (15.14 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

166.62 TWD 38.45 TWD Fair Value 12.55 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 38.45 TWD – 166.62 TWD · fair‑value band 10.69 TWD – 15.14 TWD · the 65.20 TWD price screens above the 12.55 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

ASolid Technology Co (6485) currently trades at 65.20 TWD, while our model-based Fair Value estimate is 12.55 TWD, implying the stock looks roughly 80.8% overvalued today. The Quality Score stands at 69/100 (solid 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, ASolid Technology Co generated revenue of 1.4B TWD at a net margin of 0.5%. Revenue declined 14.8% year over year. It earns a return on equity of 0.4%. The balance sheet holds a net cash position of 528M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 10.69 TWD (bear case) to 15.14 TWD (bull case); at 65.20 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 50% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -81%, 6485 screens richer 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 28.48 TWD 27.10 TWD 20.66 TWD 76
Growth DCF 81.19 TWD 103.53 TWD 135.44 TWD 72
Gordon GGM 4.39 TWD 6.04 TWD 7.68 TWD 70
All 23 models by family
DCF Models
FCF DCF 79.14 TWD 102.65 TWD 138.13 TWD 38
5Y Revenue Exit 39.39 TWD 41.30 TWD 43.22 TWD 39
5Y EBITDA Exit 50.28 TWD 60.14 TWD 71.49 TWD 41
5Y P/E Exit 44.84 TWD 50.74 TWD 56.82 TWD 38
10Y Revenue Exit 54.51 TWD 58.74 TWD 62.47 TWD 36
10Y EBITDA Exit 61.11 TWD 71.01 TWD 81.66 TWD 37
10Y P/E Exit 57.82 TWD 64.89 TWD 71.70 TWD 35
Earnings-Based
Graham-Dodd 4.85 TWD 9.43 TWD 11.80 TWD 54
EPV 14.37 TWD 14.40 TWD 14.43 TWD 59
Dividend Discount
Gordon GGM 4.39 TWD 6.04 TWD 7.68 TWD 70
DDM Multi-Stage 4.39 TWD 6.03 TWD 7.89 TWD 61
Multiples
P/E Multiple 10.69 TWD 14.25 TWD 17.82 TWD 63
P/S Multiple 9.09 TWD 12.11 TWD 15.14 TWD 58
P/B Multiple 9.09 TWD 12.11 TWD 15.14 TWD 55
EV/EBIT 14.80 TWD 15.02 TWD 15.24 TWD 53
EV/EBITDA 35.01 TWD 41.96 TWD 48.92 TWD 54
EV/Revenue 14.59 TWD 14.78 TWD 14.97 TWD 43
Asset-Based
NCAV (Graham) 20.59 TWD 27.59 TWD 41.18 TWD 50
Growth DCF
Growth DCF 81.19 TWD 103.53 TWD 135.44 TWD 72
Rev-Margin DCF 39.39 TWD 42.72 TWD 47.29 TWD 67
Economic Profit
Residual Income 28.48 TWD 27.10 TWD 20.66 TWD 76
ROIC Compounder 14.37 TWD 14.40 TWD 14.43 TWD 67
Growth Earnings
Growth-Adj P/E 7.71 TWD 11.02 TWD 14.32 TWD 68

Widest divergence: DCF Models (60.14 TWD) versus Dividend Discount (6.03 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.4B TWD
Revenue growth (YoY) -14.8%
Net margin 0.5%
Return on equity 0.4%
Free cash flow 300M TWD FY2025
P/E ratio 90.7
More key figures
Operating margin -0.1%
EPS (TTM) 0.7100 TWD
EPS growth (YoY) -99.8%
Net cash 528M TWD FY2023

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 70 · Market factors (momentum, volatility) 29

Profitability 34
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 16
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 81
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

ASolid Technology Co., Ltd. engages in the provision of NAND flash controller in Taiwan. It offers eMMC controllers, SD controllers, SSD controllers, and UFD controllers. The company was founded in 2008 and is based in Zhubei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ASolid Technology Co reported revenue of 1.5B TWD in FY2025 versus 2.0B TWD in FY2021, a compound −6.8%/yr. Reported net income was 32.2M TWD in FY2025, compounding −49.5%/yr from FY2021.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.5B TWD
Latest YoY
+16.8%
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.
−8.4%
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.
+9.4%
Avg. growth/yr (8Y) 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.
+9.5%
Revenue −6.8%/yr
FY21 2.0B TWD
FY22 1.9B TWD
FY23 1.7B TWD
FY24 1.3B TWD
FY25 1.5B TWD
Net income −49.5%/yr
FY21 497M TWD
FY22 427M TWD
FY23 89.1M TWD
FY24 −56.4M TWD
FY25 32.2M TWD

6485 screens 81% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "ASolid Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/6485

Peer Group

Computer Hardware · 215 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 69 · Top 25%
Fair Value upside −81% · Bottom 25%
Return on equity (TTM) 0% · Below median
Return on assets -1% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) -0% · Below median
Revenue growth -15% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 90.7× · Pricier than 75% of peers
P/B 1.56× · Cheaper than median
P/S (TTM) 2.06× · Pricier than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 30.1× · Pricier than 75% of peers

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 0 · sector 57
PAST 1 · sector 26
HEALTH 0 · sector 97
DIVIDEND 0 · sector 44

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

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is ASolid Technology Co (6485) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 12.55 TWD versus a price of 65.20 TWD, about −81% (overvalued).
What is the fair value of 6485?
Our model-based fair value for ASolid Technology Co is 12.55 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 65.20 TWD.
What is the quality score of 6485?
ASolid Technology Co 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 revenue of ASolid Technology Co (6485)?
ASolid Technology Co reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6485?
The net profit margin of ASolid Technology Co is about 0.5%, meaning it keeps roughly 0.5% of revenue as net income. Based on the latest reported figures.

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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