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Nyquest Technology Co (6494) Fair Value & Analysis

Technology · TW · Market cap 1.6B TWD

NT Nyquest Technology Co 6494 · TWO
Price55.20 TWD
Fair Value42.72 TWD
Upside-22.6%
Quality57/100
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Weak Growth
Thin margins · 0.3% net margin
generates free cash flow
1.96% dividend yield
Ranks above peers (7/11)
Narrow moat 26/100
Evidence: Medium Range 36.24 TWD – 49.22 TWD Share as image

Fair value as of: Jul 23, 2026

From 10 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 21.36 TWD to 42.72 TWD (+100.0%) since Jul 12, 2026. Share price −15.6% over the past month.

A solid business, but screening 23% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (49.22 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

146.92 TWD 32.75 TWD Fair Value 42.72 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 32.75 TWD – 146.92 TWD · fair‑value band 36.24 TWD – 49.22 TWD · the 55.20 TWD price screens above the 42.72 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Nyquest Technology Co (6494) currently trades at 55.20 TWD, while our model-based Fair Value estimate is 42.72 TWD, implying the stock looks roughly 22.6% overvalued today. The Quality Score stands at 57/100 (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: medium).

Over the trailing twelve months, Nyquest Technology Co generated revenue of 1.3B TWD at a net margin of 0.3%. Revenue grew 35.8% year over year. It earns a return on equity of 0.4%. The balance sheet holds a net cash position of 264M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 36.24 TWD (bear case) to 49.22 TWD (bull case); at 55.20 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 12% below its 52-week high and 68% 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 -23%, 6494 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 28.75 TWD 33.12 TWD 39.89 TWD 72
Rev-Margin DCF 28.51 TWD 35.76 TWD 44.66 TWD 67
EV/EBITDA 22.81 TWD 26.06 TWD 29.30 TWD 54
All 10 models by family
DCF Models
FCF DCF 28.26 TWD 32.87 TWD 40.61 TWD 38
5Y Revenue Exit 28.51 TWD 35.36 TWD 45.30 TWD 39
5Y EBITDA Exit 24.42 TWD 28.28 TWD 33.40 TWD 41
10Y Revenue Exit 27.93 TWD 32.66 TWD 37.70 TWD 36
10Y EBITDA Exit 26.03 TWD 28.66 TWD 31.33 TWD 37
Multiples
EV/EBITDA 22.81 TWD 26.06 TWD 29.30 TWD 54
EV/Revenue 30.10 TWD 37.40 TWD 44.70 TWD 43
Asset-Based
NCAV (Graham) 15.76 TWD 21.12 TWD 31.52 TWD 50
Growth DCF
Growth DCF 28.75 TWD 33.12 TWD 39.89 TWD 72
Rev-Margin DCF 28.51 TWD 35.76 TWD 44.66 TWD 67

Widest divergence: Growth DCF (33.12 TWD) versus Asset-Based (21.12 TWD). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 1.3B TWD
Revenue growth (YoY) +35.8%
Net margin 0.3%
Return on equity 0.4%
Free cash flow 59.1M TWD FY2025
Operating margin 5.6%
More key figures
EPS (TTM) -0.9300 TWD
Dividend yield 1.8%
EPS growth (YoY) +335%
Net cash 264M TWD FY2023

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 58 · Market factors (momentum, volatility) 70

Profitability 28
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 85
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

Nyquest Technology Co., Ltd. research, designs, and sells integrated circuits (ICs). The company provides voice synthesizer ICs, 4-bit microcontrollers with voice/MIDI products, 8-bit microcontrollers, motor drivers, and other products.

Full company description

Nyquest Technology Co., Ltd. research, designs, and sells integrated circuits (ICs). The company provides voice synthesizer ICs, 4-bit microcontrollers with voice/MIDI products, 8-bit microcontrollers, motor drivers, and other products. It offers LED control and drive, speech, and multi-channel speech/melody ICs; 8-Bit OTP MCU for home appliances; 8-bit MCU with LCD drivers; audio amplifier, low power LCD driver IC, high power motor driver ICs, 4-bit MCU with touch-keys and LED controllers, and 4-Bit MCU with universal remote controllers; and 32-bit MCUs. In addition, the company provides hardware and software development tools. It offers its products through agents in Taiwan, Japan, Mainland China, Hong Kong, Europe, and the United States. Nyquest Technology Co., Ltd. was founded in 2006 and is headquartered in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nyquest Technology Co reported revenue of 1.2B TWD in FY2025 versus 2.3B TWD in FY2021, a compound −14.9%/yr. Reported net income was −29.5M TWD in FY2025.

Growth Quality 38/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.2B TWD
Latest YoY
−11.7%
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.
−12.6%
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.
+0.5%
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.
+2.1%
Revenue −14.9%/yr
FY21 2.3B TWD
FY22 1.8B TWD
FY23 1.3B TWD
FY24 1.3B TWD
FY25 1.2B TWD
Net income
FY21 543M TWD
FY22 301M TWD
FY23 56.9M TWD
FY24 83.0M TWD
FY25 −29.5M TWD

6494 screens 23% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Nyquest Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/6494

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 57 · Above median
Fair Value upside −23% · Above median
Return on equity (TTM) 0% · Below median
Return on assets 0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth 36% · Top 25%
Dividend yield (TTM) 2.0% · Above median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.04× · Cheaper than 75% of peers
P/FCF 0.8× · 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 3 · sector 0
FUTURE 100 · sector 60
PAST 1 · sector 25
HEALTH 0 · sector 97
DIVIDEND 39 · sector 22

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 23, 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 €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 Nyquest Technology Co (6494) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 42.72 TWD versus a price of 55.20 TWD, about −23% (overvalued).
What is the fair value of 6494?
Our model-based fair value for Nyquest Technology Co is 42.72 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 55.20 TWD.
What is the quality score of 6494?
Nyquest Technology Co has a Quality Score of 57/100. 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 Nyquest Technology Co (6494)?
Nyquest Technology Co reported trailing-twelve-month revenue of about 1.3B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6494?
The net profit margin of Nyquest Technology Co is about 0.3%, meaning it keeps roughly 0.3% of revenue as net income. Based on the latest reported figures.
Does Nyquest Technology Co pay a dividend?
Nyquest Technology Co currently shows a dividend yield of about 1.77% relative to its recent price (as of Jul 23, 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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