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Kingwaytek Technology Co (6516) Fair Value & Analysis

Technology · TW · Market cap 3.2B TWD

KT Kingwaytek Technology Co 6516 · TWO
Price60.70 TWD
Fair Value20.70 TWD
Upside-65.9%
Quality62/100
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Expensive Growth
Solidly profitable · 17.1% net margin
generates free cash flow
2.33% dividend yield
Ranks above peers (8/13)
Moderate moat 56/100
Evidence: High Range 15.60 TWD – 32.20 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Share price +5.0% over the past month.

A solid business, but screening 66% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (32.20 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (15.60 TWD to 32.20 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

129.02 TWD 55.30 TWD Fair Value 20.70 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 55.30 TWD – 129.02 TWD · fair‑value band 15.60 TWD – 32.20 TWD · the 60.70 TWD price screens above the 20.70 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Kingwaytek Technology Co (6516) currently trades at 60.70 TWD, while our model-based Fair Value estimate is 20.70 TWD, implying the stock looks roughly 65.9% overvalued today. The Quality Score stands at 62/100 (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, Kingwaytek Technology Co generated revenue of 593M TWD at a net margin of 17.1%. Revenue grew 34.7% year over year. It earns a return on equity of 9.5%. The balance sheet holds a net cash position of 187M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 15.60 TWD (bear case) to 32.20 TWD (bull case); at 60.70 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 22% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -66%, 6516 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 15.03 TWD 16.14 TWD 18.41 TWD 76
Growth DCF 5.43 TWD 7.16 TWD 9.86 TWD 72
Growth-Adj P/E 17.77 TWD 25.39 TWD 33.00 TWD 68
All 24 models by family
DCF Models
FCF DCF 5.43 TWD 7.28 TWD 10.23 TWD 38
Owner Earnings 23.81 TWD 37.99 TWD 60.55 TWD 31
5Y Revenue Exit 10.34 TWD 17.13 TWD 26.34 TWD 39
5Y EBITDA Exit 13.92 TWD 24.23 TWD 37.05 TWD 41
5Y P/E Exit 17.21 TWD 30.77 TWD 46.02 TWD 38
10Y Revenue Exit 8.21 TWD 13.95 TWD 22.66 TWD 36
10Y EBITDA Exit 10.82 TWD 18.93 TWD 31.12 TWD 37
10Y P/E Exit 12.92 TWD 23.52 TWD 38.21 TWD 35
Earnings-Based
Graham-Dodd 10.36 TWD 42.00 TWD 57.15 TWD 54
Lynch FV 10.50 TWD 15.00 TWD 19.50 TWD 50
PEG = 1.0 10.50 TWD 15.00 TWD 19.50 TWD 46
EPV 10.30 TWD 11.51 TWD 12.55 TWD 59
Multiples
P/E Multiple 22.85 TWD 30.46 TWD 38.08 TWD 63
P/S Multiple 18.37 TWD 24.49 TWD 30.61 TWD 58
P/B Multiple 19.42 TWD 25.89 TWD 32.37 TWD 55
EV/EBIT 18.31 TWD 23.53 TWD 28.75 TWD 53
EV/EBITDA 19.98 TWD 25.75 TWD 31.52 TWD 54
EV/Revenue 13.21 TWD 17.73 TWD 22.25 TWD 43
Asset-Based
NCAV (Graham) 9.06 TWD 12.15 TWD 18.13 TWD 50
Growth DCF
Growth DCF 5.43 TWD 7.16 TWD 9.86 TWD 72
Rev-Margin DCF 10.34 TWD 16.87 TWD 24.92 TWD 67
Economic Profit
Residual Income 15.03 TWD 16.14 TWD 18.41 TWD 76
ROIC Compounder 10.30 TWD 11.51 TWD 12.55 TWD 67
Growth Earnings
Growth-Adj P/E 17.77 TWD 25.39 TWD 33.00 TWD 68

Widest divergence: Growth Earnings (25.39 TWD) versus Growth DCF (7.16 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 593M TWD
Revenue growth (YoY) +34.7%
Net margin 17.1%
Return on equity 9.5%
Free cash flow 13.2M TWD FY2025
P/E ratio 38.1
More key figures
Operating margin 20.0%
EPS (TTM) 1.51 TWD
Dividend yield 2.3%
EPS growth (YoY) +83.3%
Net cash 187M TWD FY2023

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 58 · Market factors (momentum, volatility) 49

Profitability 44
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 96
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 70
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

Kingwaytek Technology Co., Ltd. produces and sells electronic maps and develops navigation software in Taiwan. It offers telecommunications maps, 3D maps, and high-definition maps for self-driving cars.

Full company description

Kingwaytek Technology Co., Ltd. produces and sells electronic maps and develops navigation software in Taiwan. It offers telecommunications maps, 3D maps, and high-definition maps for self-driving cars. The company also provides Leke Navigation King TM version, a mobile navigation software; Leke Navigation King A6 that offers professional internet vehicles navigation software for use in vehicles; and Leke Transfer Pass, a pedestrian navigation solution. In addition, it offers big data services that are used in smart traffic diversion and public transportation imrprovement; Leke store, a business promotion platform; self-driving technology solutions; and smart fleet and internet of vehicles services. Further, the company develops and sells of vehicle-mounted systems; provides technical support services for computer and mobile peripheral products; and develops and integrates information system and projects, as well as develops and services of autonomous driving systems. The company was founded in 1996 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kingwaytek Technology Co reported revenue of 547M TWD in FY2025 versus 344M TWD in FY2021, a compound +12.3%/yr. Reported net income was 85.0M TWD in FY2025, compounding +16.6%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
547M TWD
Latest YoY
+23.1%
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.
+4.4%
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.
+14.8%
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.
+8.2%
Revenue +12.3%/yr
FY21 344M TWD
FY22 481M TWD
FY23 505M TWD
FY24 444M TWD
FY25 547M TWD
Net income +16.6%/yr
FY21 46.0M TWD
FY22 78.9M TWD
FY23 60.9M TWD
FY24 82.2M TWD
FY25 85.0M TWD

6516 screens 66% overvalued. Compare with Keysight Technologies, Inc →

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Cite: Fair Value Calculator (2026). "Kingwaytek Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/6516

Peer Group

Scientific & Technical Instruments · 163 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 62 · Above median
Fair Value upside −66% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth 35% · Top 25%
Dividend yield (TTM) 2.3% · Above median

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 38.1× · Pricier than median
P/B 3.18× · Pricier than median
P/S (TTM) 5.42× · Pricier than 75% of peers
P/FCF 7.6× · Cheaper than median
EV/EBITDA 29.7× · Pricier 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 0 · sector 0
FUTURE 100 · sector 34
PAST 38 · sector 24
HEALTH 0 · sector 98
DIVIDEND 47 · 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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $315.90 $84.16 -73%
Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is Kingwaytek Technology Co (6516) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 20.70 TWD versus a price of 60.70 TWD, about −66% (overvalued).
What is the fair value of 6516?
Our model-based fair value for Kingwaytek Technology Co is 20.70 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 60.70 TWD.
What is the quality score of 6516?
Kingwaytek Technology Co has a Quality Score of 62/100. 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 Kingwaytek Technology Co (6516)?
Kingwaytek Technology Co reported trailing-twelve-month revenue of about 593M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6516?
The net profit margin of Kingwaytek Technology Co is about 17.1%, meaning it keeps roughly 17.1% of revenue as net income. Based on the latest reported figures.
Does Kingwaytek Technology Co pay a dividend?
Kingwaytek Technology Co currently shows a dividend yield of about 2.40% 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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