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GlobalWafers Co (6488) Fair Value & Analysis

Technology · TW · Market cap 710B TWD

GC GlobalWafers Co 6488 · TWO
Price872.00 TWD
Fair Value316.82 TWD
Upside-63.7%
Quality46/100
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Weak Growth
Solidly profitable · 13.1% net margin
Low debt · negative free cash flow
0.57% dividend yield
Trails peers (3/14)
Moderate moat 46/100
Evidence: High Range 232.04 TWD – 396.03 TWD Share as image

Fair value as of: Jul 14, 2026

From 16 valuation models · updated 24 days ago

Fair value updated Jul 14, 2026, revised from 259.99 TWD to 316.82 TWD (+21.9%) since Jul 12, 2026. Share price −27.4% over the past month.

Below-average quality, and screening another 64% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (396.03 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

1,509 TWD 256.16 TWD Fair Value 316.82 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 256.16 TWD – 1,509 TWD · fair‑value band 232.04 TWD – 396.03 TWD · the 872.00 TWD price screens above the 316.82 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

GlobalWafers Co (6488) currently trades at 872.00 TWD, while our model-based Fair Value estimate is 316.82 TWD, implying the stock looks roughly 63.7% overvalued today. We read business quality at 46/100 (below-average 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, GlobalWafers Co generated revenue of 59.0B TWD at a net margin of 13.1%. Revenue declined 10.3% year over year. It earns a return on equity of 8.4%. Net debt stands at 54.8B TWD. Fundamentals as of Jul 14, 2026

Our scenario range runs from 232.04 TWD (bear case) to 396.03 TWD (bull case); at 872.00 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 221% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -62% fair-value upside, at -64%, 6488 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 BearBaseBull Evidence
Highest evidence
Residual Income 165.71 TWD 178.55 TWD 207.41 TWD 76
ROIC Compounder 40.61 TWD 56.55 TWD 70.72 TWD 72
Gordon GGM 105.81 TWD 231.00 TWD 388.67 TWD 70
All 16 models by family
Earnings-Based
Graham-Dodd 104.00 TWD 322.40 TWD 428.61 TWD 54
Lynch FV 69.91 TWD 99.87 TWD 129.83 TWD 50
PEG = 1.0 69.91 TWD 99.87 TWD 129.83 TWD 46
EPV 40.61 TWD 56.55 TWD 70.72 TWD 59
Dividend Discount
Gordon GGM 105.81 TWD 231.00 TWD 388.67 TWD 70
DDM Multi-Stage 105.81 TWD 178.08 TWD 240.74 TWD 61
Multiples
P/E Multiple 229.40 TWD 305.87 TWD 382.34 TWD 63
P/S Multiple 194.99 TWD 259.99 TWD 324.99 TWD 58
P/B Multiple 194.99 TWD 259.99 TWD 324.99 TWD 55
EV/EBIT 194.14 TWD 275.42 TWD 356.70 TWD 53
EV/EBITDA 308.89 TWD 428.42 TWD 547.95 TWD 54
EV/Revenue 114.67 TWD 185.11 TWD 255.55 TWD 43
Asset-Based
NCAV (Graham) 97.57 TWD 130.74 TWD 195.14 TWD 50
Economic Profit
Residual Income 165.71 TWD 178.55 TWD 207.41 TWD 76
ROIC Compounder 40.61 TWD 56.55 TWD 70.72 TWD 72
Growth Earnings
Growth-Adj P/E 190.42 TWD 272.03 TWD 353.64 TWD 68

Widest divergence: Growth Earnings (272.03 TWD) versus Economic Profit (56.55 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 59.0B TWD
Revenue growth (YoY) -10.3%
Net margin 13.1%
Return on equity 8.4%
Free cash flow −20.8B TWD FY2025
P/E ratio 97.4
More key figures
Operating margin 10.6%
EPS (TTM) 15.25 TWD
Dividend yield 0.6%
EPS growth (YoY) +30.3%
Net debt 54.8B TWD FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 44 · Market factors (momentum, volatility) 57

Profitability 30
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 19
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 76
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

GlobalWafers Co., Ltd., together with its subsidiaries, researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally. The company offers Epi wafers, polished wafers, diffusion wafers, annealed wafers, SOI wafers, FZ wafers, and compound wafers, as well as epitaxial wafer and silicon ingot.

Full company description

GlobalWafers Co., Ltd., together with its subsidiaries, researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally. The company offers Epi wafers, polished wafers, diffusion wafers, annealed wafers, SOI wafers, FZ wafers, and compound wafers, as well as epitaxial wafer and silicon ingot. It also provides technical and management information consulting services. The company was founded in 1981 and is based in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GlobalWafers Co reported revenue of 60.6B TWD in FY2025 versus 61.1B TWD in FY2021, a compound −0.2%/yr. Reported net income was 7.3B TWD in FY2025, compounding −11.4%/yr from FY2021.

Growth Quality 22/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
60.6B TWD
Latest YoY
−3.2%
Avg. growth/yr (3Y)
−4.8%
Avg. growth/yr (5Y)
+1.8%
Avg. growth/yr (13Y)
+11.9%
Revenue −0.2%/yr
FY21 61.1B TWD
FY22 70.3B TWD
FY23 70.7B TWD
FY24 62.6B TWD
FY25 60.6B TWD
Net income −11.4%/yr
FY21 11.9B TWD
FY22 15.4B TWD
FY23 19.8B TWD
FY24 9.8B TWD
FY25 7.3B TWD

6488 screens 64% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "GlobalWafers Co Fair Value". https://www.fairvalue-calculator.com/stock/6488

Peer Group

Semiconductors · 319 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 46 · Below median
Fair Value upside −64% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 2% · Below median
Net margin (TTM) 13% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth -10% · Bottom 25%
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.46× · Higher than 75% of peers

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 97.4× · Pricier than 75% of peers
P/B 7.61× · Pricier than 75% of peers
P/S (TTM) 12.04× · Pricier than 75% of peers
EV/EBITDA 45.2× · Pricier than 75% of peers
PEG 2.72× · 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 60
PAST 34 · sector 24
HEALTH 77 · sector 97
DIVIDEND 11 · sector 22

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 Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €323.25 €121.25 -62%
Micron Technology, Inc ZMIC C$52.57 C$7.50 -86%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €464.70 €56.33 -88%
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 GlobalWafers Co (6488) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 316.82 TWD versus a price of 872.00 TWD, about −64% (overvalued).
What is the fair value of 6488?
Our model-based fair value for GlobalWafers Co is 316.82 TWD (as of Jul 14, 2026), built from audited fundamentals. The current price is 872.00 TWD.
What is the quality score of 6488?
GlobalWafers Co has a Quality Score of 46/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of GlobalWafers Co (6488)?
GlobalWafers Co reported trailing-twelve-month revenue of about 59.0B TWD (latest available figure, as of Jul 14, 2026).
What is the net profit margin of 6488?
The net profit margin of GlobalWafers Co is about 13.1%, meaning it keeps roughly 13.1% of revenue as net income. Based on the latest reported figures.
Does GlobalWafers Co pay a dividend?
GlobalWafers Co currently shows a dividend yield of about 0.89% relative to its recent price (as of Jul 14, 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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