Calitech Co Ltd (6532) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Calitech Co Ltd TWD 54.83, price TWD 98.50, upside -44.3%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 32.02 TWD – 114.00 TWD · fair‑value band 41.62 TWD – 71.02 TWD · the 98.50 TWD price screens above the 54.83 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Calitech Co., Ltd. develops technology solutions for semiconductor, III/V, MEMS, LED, and display industries in Taiwan, Mainland China, Singapore, the United States, Malaysia, Japan, Germany, and internationally.
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Calitech Co., Ltd. develops technology solutions for semiconductor, III/V, MEMS, LED, and display industries in Taiwan, Mainland China, Singapore, the United States, Malaysia, Japan, Germany, and internationally. It offers semiconductor critical components for applications in chemical mechanical polishing, etching, and chemical and physical vapor deposition. The company also provides systems, such as spray solvent tools, spray acid tools, and spin rinse dryers; and electrostatic chucks for semiconductor and other industries. In addition, it offers electrochemical surface treatments, bead blasting, plasma thermal spray, vacuum brazing, precision cleaning, failure analysis, inspection, and other services. Further, the company installs computer equipment; wholesales of electronic material; and manufactures of industrial plastic products, machinery, and equipment. Additionally, it is involved in the secondary processing of steel and aluminum products and international trade activities; and offers electronic components. Calitech Co., Ltd. was founded in 1998 and is based in Hsinchu City, Taiwan.
Stock analysis
Calitech Co Ltd (6532) currently trades at 98.50 TWD, while our model-based Fair Value estimate is 54.83 TWD, implying the stock looks roughly 79.7% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 168.11 TWD per share, and 5 of the 16 models we run sit above the 98.50 TWD price.
Bear case: the Asset-Based group reads lowest at 22.78 TWD, and 11 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: 41.62 TWD (bear) to 71.02 TWD (bull), the price of 98.50 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Calitech Co Ltd reported revenue of 675M TWD in FY2025 versus 506M TWD in FY2021, a compound +7.5%/yr. Reported net income was 274M TWD in FY2025, compounding +30.3%/yr from FY2021.
Key figures
Market cap 3.7B TWD (≈ $116M) · P/E ratio 12.4 · P/S ratio 5.03 · EPS (TTM) 7.95 TWD · Dividend yield 3.0% · Net margin 40.6% · Return on equity 26.6% · Return on assets (EBIT) 13.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 100% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −22% fair-value upside, at −44%, 6532 screens richer than that median.
Fair Value models
Bear 41.62 TWDFair Value 54.83 TWDBull 71.02 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (3.62 TWD per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−6.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.3%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.0%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +6.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.0%
Dividend (yield on the price)3.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.24% → 21%
⚠ Rate on operating basis: 2025 sits 82% above its own trend.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Semiconductor Equipment & Materials · 219 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Calitech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6532
Frequently asked questions
Is Calitech Co Ltd (6532) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 54.83 TWD versus a price of 98.50 TWD, about −44% upside (overvalued).
What is the fair value of 6532?
Our model-based fair value for Calitech Co Ltd is 54.83 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 98.50 TWD.
What is the quality score of 6532?
Calitech Co Ltd has a Quality Score of 58/100. 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 price target for Calitech Co Ltd (6532)?
Our model-based price target is the fair value of 54.83 TWD (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 41.62 TWD, optimistic scenario 71.02 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Calitech Co Ltd stock forecast for 2026?
Our models put fair value at 54.83 TWD, about −44% upside versus a price of 98.50 TWD (overvalued). Cautious scenario 41.62 TWD, optimistic scenario 71.02 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Calitech Co Ltd (6532)?
Calitech Co Ltd reported trailing-twelve-month revenue of about 682M TWD (latest available figure, as of Sep 24, 2026).
Does Calitech Co Ltd pay a dividend?
Calitech Co Ltd currently shows a dividend yield of about 3.05% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Calitech Co Ltd (6532)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Calitech Co Ltd it is 54.83 TWD per share (as of Sep 24, 2026), against a price of 98.50 TWD. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Calitech Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6532 trades above its calculated fair value: price 98.50 TWD, fair value 54.83 TWD, a gap of about −44% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 6532?
No. The price is what the market pays today (98.50 TWD); the fair value is what the company's own numbers justify (54.83 TWD). For Calitech Co Ltd the two are 43.67 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Calitech Co Ltd worth?
The market values Calitech Co Ltd at about 3.7B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 98.50 TWD; our models calculate a fair value of 54.83 TWD per share.
What do the bullish and bearish scenarios say about 6532?
Our models span a range for Calitech Co Ltd: cautious scenario 41.62 TWD, base 54.83 TWD, optimistic 71.02 TWD per share (as of Sep 24, 2026, price 98.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6532?
Calitech Co Ltd trades at a price-to-earnings ratio of 12.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 54.83 TWD is built from several models across several years. Other multiples: P/B 2.9, P/S 5.4, EV/EBITDA 18.6.
How solid is the balance sheet of Calitech Co Ltd (6532)?
Balance-sheet figures for Calitech Co Ltd (as of Sep 24, 2026): return on equity 26.6%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 6532 from its 52-week high?
Calitech Co Ltd trades at 98.50 TWD, about 14% below its 52-week high of 114.00 TWD and 100% above the low of 49.30 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 54.83 TWD is for.
Which stocks are comparable to Calitech Co Ltd?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Calitech Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 98.50 TWD, calculated fair value 54.83 TWD (−44%), Quality Score 58/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 6532 calculated?
We run Calitech Co Ltd through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 54.83 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Calitech Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Calitech Co Ltd (6532)?
The closing price on Sep 24, 2026 was 98.50 TWD. Our model-based fair value is 54.83 TWD, about −44% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Calitech Co Ltd right now?
The price sits above even our optimistic bull case (71.02 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Calitech Co Ltd
How large is the market capitalisation of Calitech Co Ltd (6532)?
The market capitalisation of Calitech Co Ltd is 3.7B TWD (≈ $116M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Calitech Co Ltd (6532)?
The price-to-sales ratio of Calitech Co Ltd is 5.03 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Calitech Co Ltd (6532)?
Earnings per share at Calitech Co Ltd are 7.95 TWD (price ÷ EPS = P/E 12.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Calitech Co Ltd (6532)?
The dividend yield of Calitech Co Ltd is 3.0% (payout 37.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Calitech Co Ltd (6532)?
The net margin of Calitech Co Ltd is 40.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Calitech Co Ltd (6532)?
The return on equity (ROE) of Calitech Co Ltd is 26.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Calitech Co Ltd (6532)?
On an EBIT basis the return on assets of Calitech Co Ltd is 13.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Calitech Co Ltd (6532)?
The operating margin of Calitech Co Ltd is 28.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Calitech Co Ltd (6532)?
Revenue at Calitech Co Ltd is growing +26.9% versus a year earlier (3y avg +0.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Calitech Co Ltd (6532)?
Earnings per share at Calitech Co Ltd are growing −35.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Calitech Co Ltd (6532) generate?
The free cash flow of Calitech Co Ltd is −16.2M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Calitech Co Ltd (6532) hold?
Calitech Co Ltd holds more cash than debt, 150M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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