Rafael Microelectronics (6568) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Rafael Microelectronics TWD 130, price TWD 143, upside -9.4%, quality 76 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 83.14 TWD – 357.44 TWD · fair‑value band 99.18 TWD – 157.47 TWD · the 143.00 TWD price screens above the 129.56 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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Rafael Microelectronics, Inc., together with its subsidiaries, engages in the research, design, manufacturing, and sale of radio frequency integrated circuits, systems, and related products in Taiwan, China, Asia, Europe, and the Americas.
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Rafael Microelectronics, Inc., together with its subsidiaries, engages in the research, design, manufacturing, and sale of radio frequency integrated circuits, systems, and related products in Taiwan, China, Asia, Europe, and the Americas. The company offers IoT connectivity, optical networking, and satellite communication products, as well as STB and TV receivers. It also provides RF and IP design services; and technical and customer support services. The company was founded in 2006 and is headquartered in Zhubei, Taiwan.
Stock analysis
Rafael Microelectronics (6568) currently trades at 143.00 TWD, while our model-based Fair Value estimate is 129.56 TWD, implying the stock looks roughly 10.4% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 103.81 TWD per share, and 0 of the 23 models we run sit above the 143.00 TWD price.
Bear case: the Asset-Based group reads lowest at 33.65 TWD, and 23 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: 99.18 TWD (bear) to 157.47 TWD (bull), the price of 143.00 TWD sits inside 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 76/100 (high quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Rafael Microelectronics reported revenue of 1.1B TWD in FY2025 versus 1.0B TWD in FY2021, a compound +2.5%/yr. Reported net income was 122M TWD in FY2025, compounding −7.5%/yr from FY2021.
Key figures
Market cap 4.4B TWD (≈ $138M) · P/E ratio 36.1 · P/S ratio 3.87 · EPS (TTM) 3.96 TWD · Dividend yield 1.4% · Net margin 10.7% · Return on equity 8.3% · Return on assets (EBIT) 7.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
The share trades about 47% below its 52-week high and 51% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at −9%, 6568 screens cheaper than that median.
Fair Value models
Bear 99.18 TWDFair Value 129.56 TWDBull 157.47 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 (1.44 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+6.7%
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.
−4.4%
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.
+1.4%
Start year 2020 (pandemic). Over 10 years: +3.9% a year
Revenue growth 13 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.
+14.4%
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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. 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.
−6.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.3%
Dividend (yield on the price)1.4%
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.20% → 14%
⚠ Revenue per share shrinking 4.3%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +5.1% a year for the price.
Compare Rafael Microelectronics with another stock
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.Semiconductors · 339 stocks
Beats the industry median on 13/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside−8% · Above median
Profitability
Return on equity (TTM)8% · Above median
Return on assets6% · Above median
Net margin (TTM)10% · Above median
Operating margin (TTM)13% · Above median
Growth and dividend
Revenue growth28% · Above median
Dividend yield (TTM)1.4% · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
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). "Rafael Microelectronics Fair Value". https://www.fairvalue-calculator.com/stock/6568
Frequently asked questions
Is Rafael Microelectronics (6568) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 129.56 TWD versus a price of 143.00 TWD, about −9% upside (fairly valued).
What is the fair value of 6568?
Our model-based fair value for Rafael Microelectronics is 129.56 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 143.00 TWD.
What is the quality score of 6568?
Rafael Microelectronics has a Quality Score of 76/100. 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 Rafael Microelectronics (6568)?
Our model-based price target is the fair value of 129.56 TWD (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 99.18 TWD, optimistic scenario 157.47 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Rafael Microelectronics stock forecast for 2026?
Our models put fair value at 129.56 TWD, about −9% upside versus a price of 143.00 TWD (fairly valued). Cautious scenario 99.18 TWD, optimistic scenario 157.47 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Rafael Microelectronics (6568)?
Rafael Microelectronics reported trailing-twelve-month revenue of about 1.2B TWD (latest available figure, as of Sep 24, 2026).
Does Rafael Microelectronics pay a dividend?
Rafael Microelectronics currently shows a dividend yield of about 1.40% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Rafael Microelectronics (6568)?
For today's price to be fair in a discounted-cash-flow model, Rafael Microelectronics would have to grow free cash flow by +6.7 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6568 use?
Our models discount Rafael Microelectronics at 11.9 %: a base by market capitalisation (micro), damped by beta 0.57, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Rafael Microelectronics that is +6.7 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Rafael Microelectronics (6568) delivered so far?
Over the past 5 years revenue at Rafael Microelectronics grew +1.4 % a year. The price currently implies +6.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Rafael Microelectronics (6568) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Rafael Microelectronics (+6.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Rafael Microelectronics (6568)?
The free-cash-flow yield on the price is 6.18 %: that much free cash flow Rafael Microelectronics produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Rafael Microelectronics (6568)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Rafael Microelectronics it is 129.56 TWD per share (as of Sep 24, 2026), against a price of 143.00 TWD. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Rafael Microelectronics stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6568 trades above its calculated fair value: price 143.00 TWD, fair value 129.56 TWD, a gap of about −9% (fairly valued). 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 6568?
No. The price is what the market pays today (143.00 TWD); the fair value is what the company's own numbers justify (129.56 TWD). For Rafael Microelectronics the two are 13.44 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Rafael Microelectronics worth?
The market values Rafael Microelectronics at about 4.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 143.00 TWD; our models calculate a fair value of 129.56 TWD per share.
What do the bullish and bearish scenarios say about 6568?
Our models span a range for Rafael Microelectronics: cautious scenario 99.18 TWD, base 129.56 TWD, optimistic 157.47 TWD per share (as of Sep 24, 2026, price 143.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6568?
Rafael Microelectronics trades at a price-to-earnings ratio of 36.1 (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 129.56 TWD is built from several models across several years. Other multiples: P/B 2.8, P/S 3.6, EV/EBITDA 22.2.
How solid is the balance sheet of Rafael Microelectronics (6568)?
Balance-sheet figures for Rafael Microelectronics (as of Sep 24, 2026): return on equity 8.3%. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is 6568 from its 52-week high?
Rafael Microelectronics trades at 143.00 TWD, about 47% below its 52-week high of 271.62 TWD and 51% above the low of 94.47 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 129.56 TWD is for.
Which stocks are comparable to Rafael Microelectronics?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix Inc, 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 Rafael Microelectronics stock attractive at the current price?
The data as of Sep 24, 2026: price 143.00 TWD, calculated fair value 129.56 TWD (−9%), Quality Score 76/100, from 23 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 6568 calculated?
We run Rafael Microelectronics through 23 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 129.56 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. Rafael Microelectronics 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 Rafael Microelectronics (6568)?
The closing price on Sep 24, 2026 was 143.00 TWD. Our model-based fair value is 129.56 TWD, about −9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Rafael Microelectronics right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Rafael Microelectronics
How large is the market capitalisation of Rafael Microelectronics (6568)?
The market capitalisation of Rafael Microelectronics is 4.4B TWD (≈ $138M). 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 Rafael Microelectronics (6568)?
The price-to-sales ratio of Rafael Microelectronics is 3.87 (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 Rafael Microelectronics (6568)?
Earnings per share at Rafael Microelectronics are 3.96 TWD (price ÷ EPS = P/E 36.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Rafael Microelectronics (6568)?
The dividend yield of Rafael Microelectronics is 1.4% (payout 50.5%). 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 Rafael Microelectronics (6568)?
The net margin of Rafael Microelectronics is 10.7% (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 Rafael Microelectronics (6568)?
The return on equity (ROE) of Rafael Microelectronics is 8.3% (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 Rafael Microelectronics (6568)?
On an EBIT basis the return on assets of Rafael Microelectronics is 7.2% (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 Rafael Microelectronics (6568)?
The operating margin of Rafael Microelectronics is 13.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Rafael Microelectronics (6568)?
Revenue at Rafael Microelectronics is growing +28.0% versus a year earlier (3y avg −4.4%). 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 Rafael Microelectronics (6568)?
Earnings per share at Rafael Microelectronics are growing +5.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Rafael Microelectronics (6568) hold?
Rafael Microelectronics holds more cash than debt, 429M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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