EN DE

Andes Technology Corporation (6533) Fair Value & Analysis

Technology · TW · Market cap 11.9B TWD

AT Andes Technology Corporation 6533 · TW
Price250.00 TWD
Fair Value91.74 TWD
Upside-63.3%
Quality60/100
Watch Andes Technology Corporation for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Loss-making · -30.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 20/100
Evidence: Medium Range 68.26 TWD – 115.24 TWD Share as image

Fair value as of: Jul 21, 2026

From 13 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 45.87 TWD to 91.74 TWD (+100.0%) since Jul 12, 2026. Share price +30.5% over the past month.

A solid business, but screening 63% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (115.24 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

618.64 TWD 172.00 TWD Fair Value 91.74 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 172.00 TWD – 618.64 TWD · fair‑value band 68.26 TWD – 115.24 TWD · the 250.00 TWD price screens above the 91.74 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Andes Technology Corporation (6533) currently trades at 250.00 TWD, while our model-based Fair Value estimate is 91.74 TWD, implying the stock looks roughly 63.3% overvalued today. The Quality Score stands at 60/100 (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, Andes Technology Corporation generated revenue of 1.5B TWD at a net margin of -30.5%. Revenue grew 20.3% year over year. It earns a return on equity of -10.3%. Net debt stands at 56.0M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 68.26 TWD (bear case) to 115.24 TWD (bull case); at 250.00 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 25% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -63%, 6533 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 83.82 TWD 167.39 TWD 323.70 TWD 80
Rev-Margin DCF 63.14 TWD 118.49 TWD 199.74 TWD 74
Gordon GGM 13.77 TWD 28.64 TWD 45.43 TWD 70
All 13 models by family
DCF Models
FCF DCF 87.46 TWD 150.56 TWD 325.14 TWD 38
Owner Earnings 52.23 TWD 115.86 TWD 246.89 TWD 31
5Y Revenue Exit 63.14 TWD 114.55 TWD 205.51 TWD 39
5Y EBITDA Exit 49.59 TWD 84.79 TWD 142.25 TWD 41
10Y Revenue Exit 68.13 TWD 129.76 TWD 209.52 TWD 36
10Y EBITDA Exit 60.70 TWD 104.77 TWD 178.52 TWD 37
Dividend Discount
Gordon GGM 13.77 TWD 28.64 TWD 45.43 TWD 70
DDM Multi-Stage 13.77 TWD 24.15 TWD 30.05 TWD 61
Multiples
EV/EBITDA 35.38 TWD 47.13 TWD 58.87 TWD 54
EV/Revenue 51.22 TWD 73.11 TWD 95.00 TWD 43
Asset-Based
NCAV (Graham) 44.57 TWD 59.72 TWD 89.14 TWD 50
Growth DCF
Growth DCF 83.82 TWD 167.39 TWD 323.70 TWD 80
Rev-Margin DCF 63.14 TWD 118.49 TWD 199.74 TWD 74

Widest divergence: Growth DCF (118.49 TWD) versus Dividend Discount (24.15 TWD). Highest evidence: Growth DCF (80).

Notify me when 6533 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 1.5B TWD
Revenue growth (YoY) +20.3%
Net margin -30.5%
Return on equity -10.3%
Free cash flow 288M TWD FY2025
Operating margin -62.2%
More key figures
EPS (TTM) -8.20 TWD
EPS growth (YoY) -64.5%
Net debt 56.0M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 62 · Market factors (momentum, volatility) 35

Profitability 10
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 83
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

Andes Technology Corporation provides embedded system application solutions. The company offers AndeStar Architecture, a patented 32-bit/64-bit RISC-style CPU architecture; AndesCore, a series of 32-bit/64-bit CPUs for use in embedded applications; AndesAIRE, a solutions designed for edge and end-point inference; AndeShape platform, a system development …

Full company description

Andes Technology Corporation provides embedded system application solutions. The company offers AndeStar Architecture, a patented 32-bit/64-bit RISC-style CPU architecture; AndesCore, a series of 32-bit/64-bit CPUs for use in embedded applications; AndesAIRE, a solutions designed for edge and end-point inference; AndeShape platform, a system development platform for various processors; AndeSight IDE, an eclipse-based embedded applications for compilers and linux support applications; and AndeSoft SW Stack, which provides a set of software components, such as real-time operating system, Linux kernel and drivers, libraries, middleware, and application frameworks. It is also involved in research, design, development, manufacturing, and sales of embedded microprocessor core intellectual property and related hardware; software development platforms and toolchains; silicon intelligence licenses; and silicon intelligence maintenance, as well as silicon intellectual property maintenance, custom computing, and nursing and royalties service. The company was incorporated in 2005 is based in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Andes Technology Corporation reported revenue of 1.5B TWD in FY2025 versus 820M TWD in FY2021, a compound +15.9%/yr. Reported net income was −415M TWD in FY2025.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.5B TWD
Latest YoY
+7.0%
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.
+16.6%
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.
+20.5%
Avg. growth/yr (12Y) 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.
+22.7%
Revenue +15.9%/yr
FY21 820M TWD
FY22 932M TWD
FY23 1.1B TWD
FY24 1.4B TWD
FY25 1.5B TWD
Net income
FY21 162M TWD
FY22 356M TWD
FY23 −102M TWD
FY24 1.9M TWD
FY25 −415M TWD

6533 screens 63% overvalued. Compare with ASML Holding →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Andes Technology Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6533

Peer Group

Semiconductor Equipment & Materials · 212 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 60 · Above median
Fair Value upside −63% · Below median
Return on assets -5% · Bottom 25%
Net margin (TTM) -30% · Bottom 25%
Operating margin (TTM) -62% · Bottom 25%
Revenue growth 20% · Above median
Debt / equity 0.31× · Higher than 75% of peers

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/B 0.08× · Cheaper than 75% of peers
P/S (TTM) 0.24× · Cheaper than 75% of peers
P/FCF 1.3× · Cheaper than median
EV/EBITDA 8.8× · Cheaper 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 100 · sector 58
PAST 0 · sector 30
HEALTH 84 · sector 96
DIVIDEND 0 · sector 16

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

Compare Andes Technology Corporation with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Andes Technology Corporation (6533) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 91.74 TWD versus a price of 250.00 TWD, about −63% (overvalued).
What is the fair value of 6533?
Our model-based fair value for Andes Technology Corporation is 91.74 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 250.00 TWD.
What is the quality score of 6533?
Andes Technology Corporation has a Quality Score of 60/100. 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 Andes Technology Corporation (6533)?
Andes Technology Corporation reported trailing-twelve-month revenue of about 1.5B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6533?
The net profit margin of Andes Technology Corporation is about -30.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Andes Technology Corporation and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.