Aplex Technology (6570) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Aplex Technology TWD 14.60, price TWD 46.65, upside -68.7%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Aplex Technology Inc. develops, manufactures, and sells industrial PC products worldwide. The company provides stainless steel panel, industrial panel, embedded box, in-vehicle panel, and ATEx panel PC products.
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Aplex Technology Inc. develops, manufactures, and sells industrial PC products worldwide. The company provides stainless steel panel, industrial panel, embedded box, in-vehicle panel, and ATEx panel PC products. It also offers human-machine interfaces, ATEx displays, ATEx box PC products, industrial displays and boards, machine vision systems, industrial AIOT solutions, industrial rugged tablets, and medical and marine solutions, as well as accessories, including storage products, power adapters, product stands, and Wi-Fi bluetooth products. The company's products have applications in the smart factory, surveillance, control and communication, machine vision, food and beverage automation, kiosk and ticketing, ATEX oil and gas, smart warehousing and transportation, and healthcare sectors. In addition, it offers OEM/ODM solutions, such as marking and coding machines, KVM displayers for military training, and indoor/outdoor security gate HMI solutions; and APLEX IOT solutions. Aplex Technology Inc. was founded in 2004 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Aplex Technology (6570) currently trades at 46.65 TWD, while our model-based Fair Value estimate is 14.60 TWD, implying the stock looks roughly 219.5% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 28.88 TWD per share, and 0 of the 23 models we run sit above the 46.65 TWD price.
Bear case: the Earnings-Based group reads lowest at 5.45 TWD, and 23 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: 10.89 TWD (bear) to 20.78 TWD (bull), the price of 46.65 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 52/100 (solid 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.
Aplex Technology reported revenue of 916M TWD in FY2025 versus 874M TWD in FY2021, a compound +1.2%/yr. Reported net income was 47.9M TWD in FY2025, compounding −18.4%/yr from FY2021.
Key figures
Market cap 1.9B TWD (≈ $60.1M) · P/E ratio 36.4 · P/S ratio 1.90 · EPS (TTM) 1.28 TWD · Dividend yield 2.4% · Net margin 5.2% · Return on equity 7.7% · Return on assets (EBIT) 9.5%.
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 27% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −33% fair-value upside, at −69%, 6570 screens richer than that median.
Fair Value models
Bear 10.89 TWDFair Value 14.60 TWDBull 20.78 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 (0.1322 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
+3.0%
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.
−7.0%
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.
+8.5%
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.
+6.2%
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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.
−11.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.8%
Dividend (yield on the price)2.4%
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.7% → 7%
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).
+56.3%
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 +53.9% a year for the price.
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.Computer Hardware · 220 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−69% · Bottom 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets3% · Above median
Net margin (TTM)6% · Above median
Operating margin (TTM)12% · Top 25%
Growth and dividend
Revenue growth18% · Above median
Dividend yield (TTM)2.4% · Above median
Balance sheet
Debt / equity0.41× · Highest 25%
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (TTM)36.4× · Pricier than median
P/B2.35× · Pricier than median
P/S (TTM)2.01× · Pricier than median
P/FCF5.1× · Pricier than median
EV/EBITDA20.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)88· sector 59
PAST (return on equity)31· sector 26
HEALTH (low debt)79· sector 97
DIVIDEND (yield)47· sector 40
VALUE 0: the price sits above our fair-value range.
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). "Aplex Technology Fair Value". https://www.fairvalue-calculator.com/stock/6570
Frequently asked questions
Is Aplex Technology (6570) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 14.60 TWD versus a price of 46.65 TWD, about −69% upside (overvalued).
What is the fair value of 6570?
Our model-based fair value for Aplex Technology is 14.60 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 46.65 TWD.
What is the quality score of 6570?
Aplex Technology has a Quality Score of 52/100. 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 Aplex Technology (6570)?
Our model-based price target is the fair value of 14.60 TWD (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 10.89 TWD, optimistic scenario 20.78 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Aplex Technology stock forecast for 2026?
Our models put fair value at 14.60 TWD, about −69% upside versus a price of 46.65 TWD (overvalued). Cautious scenario 10.89 TWD, optimistic scenario 20.78 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Aplex Technology (6570)?
Aplex Technology reported trailing-twelve-month revenue of about 952M TWD (latest available figure, as of Sep 24, 2026).
Does Aplex Technology pay a dividend?
Aplex Technology currently shows a dividend yield of about 2.36% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Aplex Technology (6570)?
For today's price to be fair in a discounted-cash-flow model, Aplex Technology would have to grow free cash flow by +56.3 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6570 use?
Our models discount Aplex Technology at 11.8 %: a base by market capitalisation (micro), damped by beta 0.52, 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 Aplex Technology that is +56.3 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Aplex Technology (6570) delivered so far?
Over the past 5 years revenue at Aplex Technology grew +8.5 % a year. The price currently implies +56.3 % 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 Aplex Technology (6570) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Aplex Technology (+56.3 % 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 Aplex Technology (6570)?
The free-cash-flow yield on the price is 0.69 %: that much free cash flow Aplex Technology produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Aplex Technology (6570)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aplex Technology it is 14.60 TWD per share (as of Sep 24, 2026), against a price of 46.65 TWD. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Aplex Technology stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6570 trades above its calculated fair value: price 46.65 TWD, fair value 14.60 TWD, a gap of about −69% (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 6570?
No. The price is what the market pays today (46.65 TWD); the fair value is what the company's own numbers justify (14.60 TWD). For Aplex Technology the two are 32.05 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Aplex Technology worth?
The market values Aplex Technology at about 1.9B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 46.65 TWD; our models calculate a fair value of 14.60 TWD per share.
What do the bullish and bearish scenarios say about 6570?
Our models span a range for Aplex Technology: cautious scenario 10.89 TWD, base 14.60 TWD, optimistic 20.78 TWD per share (as of Sep 24, 2026, price 46.65 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6570?
Aplex Technology trades at a price-to-earnings ratio of 36.4 (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 14.60 TWD is built from several models across several years. Other multiples: P/B 2.4, P/S 2.0, EV/EBITDA 20.8.
How solid is the balance sheet of Aplex Technology (6570)?
Balance-sheet figures for Aplex Technology (as of Sep 24, 2026): return on equity 7.7%, debt of 0.41 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 6570 from its 52-week high?
Aplex Technology trades at 46.65 TWD, about 27% below its 52-week high of 64.28 TWD and 25% above the low of 37.30 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 14.60 TWD is for.
Which stocks are comparable to Aplex Technology?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Wiwynn 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 Aplex Technology stock attractive at the current price?
The data as of Sep 24, 2026: price 46.65 TWD, calculated fair value 14.60 TWD (−69%), Quality Score 52/100, 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 6570 calculated?
We run Aplex Technology 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 14.60 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. Aplex Technology 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 Aplex Technology (6570)?
The closing price on Sep 24, 2026 was 46.65 TWD. Our model-based fair value is 14.60 TWD, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aplex Technology right now?
The price sits above even our optimistic bull case (20.78 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (10.89 TWD to 20.78 TWD) leaves room in how you read the outcome.
Key figures of Aplex Technology
How large is the market capitalisation of Aplex Technology (6570)?
The market capitalisation of Aplex Technology is 1.9B TWD (≈ $60.1M). 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 Aplex Technology (6570)?
The price-to-sales ratio of Aplex Technology is 1.90 (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 Aplex Technology (6570)?
Earnings per share at Aplex Technology are 1.28 TWD (price ÷ EPS = P/E 36.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Aplex Technology (6570)?
The dividend yield of Aplex Technology is 2.4% (payout 85.9%). 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 Aplex Technology (6570)?
The net margin of Aplex Technology is 5.2% (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 Aplex Technology (6570)?
The return on equity (ROE) of Aplex Technology is 7.7% (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 Aplex Technology (6570)?
On an EBIT basis the return on assets of Aplex Technology is 9.5% (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 Aplex Technology (6570)?
The operating margin of Aplex Technology is 11.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aplex Technology (6570)?
Revenue at Aplex Technology is growing +17.6% versus a year earlier (3y avg −7.0%). 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 Aplex Technology (6570)?
Earnings per share at Aplex Technology are growing +159% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Aplex Technology (6570) carry?
The net debt of Aplex Technology is 220M TWD (fiscal year 2025, ≈ 18.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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