WinWay Technology Co (6515) Fair Value & Analysis
Technology · TW · Market cap 219B TWD
Fair value as of: Jul 20, 2026
From 26 valuation models · updated 18 days ago
Share price −11.6% over the past month.
A solid business, but screening 87% overvalued on our models.
What matters now
- A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (1,627 TWD). The favourable scenario is already priced in.
- A fairly wide model range (696.29 TWD to 1,627 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.
How to read this chart
60‑month range 194.56 TWD – 10,716 TWD · fair‑value band 696.29 TWD – 1,627 TWD · the 6,760 TWD price screens above the 909.33 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.
Analysis
WinWay Technology Co (6515) currently trades at 6,760 TWD, while our model-based Fair Value estimate is 909.33 TWD, implying the stock looks roughly 86.6% overvalued today. We read business quality at 71/100 (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, WinWay Technology Co generated revenue of 8.5B TWD at a net margin of 20.6%. Revenue grew 29.7% year over year. It earns a return on equity of 29.8%. The balance sheet holds a net cash position of 2.5B TWD. Fundamentals as of Jul 20, 2026
Our scenario range runs from 696.29 TWD (bear case) to 1,627 TWD (bull case); at 6,760 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 41% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -62% fair-value upside, at -87%, 6515 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.
All 26 models by family
Widest divergence: Growth Earnings (1,640 TWD) versus Asset-Based (119.83 TWD). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 77 · Market factors (momentum, volatility) 57
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
WinWay Technology Co., Ltd. designs, processes, and sells optoelectronic product test fixtures, integrated circuit test interfaces, and fixtures and their components in Taiwan, the Americas, China, Asia, Europe, and Canada.
Full company description
WinWay Technology Co., Ltd. designs, processes, and sells optoelectronic product test fixtures, integrated circuit test interfaces, and fixtures and their components in Taiwan, the Americas, China, Asia, Europe, and Canada. Its products include test sockets, HyperSocket, coaxial sockets, burn-in sockets, PoP sockets, and CRS sockets; heatsink and manual lid; vertical and WLCSP probe cards; i-Bump interposers; and thermal control products, including ATC, E-Flux 4.0, HEATCon Titan, and chiller, as well as changeover kit and plunger products. The company also provides mechanical, electrical, and thermal simulation services; and technical support and B2B services. The company serves the semiconductor, optical, information technology, and optoelectronics industries. WinWay Technology Co., Ltd. was incorporated in 2001 and is based in Kaohsiung, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
WinWay Technology Co reported revenue of 7.9B TWD in FY2025 versus 2.9B TWD in FY2021, a compound +28.4%/yr. Reported net income was 1.7B TWD in FY2025, compounding +36.2%/yr from FY2021.
6515 screens 87% overvalued. Compare with NVIDIA Corporation →
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.
Valuation Multiples vs Semiconductors median · lower = cheaper
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: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 20, 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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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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