M31 Technology Corp (6643) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of M31 Technology Corp TWD 984, price TWD 516, upside +90.7%, quality 54 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 Oct 3, 2026.
How to read this chart
60‑month range 160.43 TWD – 1,652 TWD · fair‑value band 983.77 TWD – 1,164 TWD · the 516.00 TWD price screens below the 983.77 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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M31 Technology Corporation provides silicon intellectual property (IP) design services in the integrated circuit industry.
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M31 Technology Corporation provides silicon intellectual property (IP) design services in the integrated circuit industry. The company's products include foundation IP, such as standard cells, power managing ICs, low power optimization kits, electronics, wearable devices, mobile devices, storage devices, automotive electronics, artificial intelligence, IoT, high performance kits, and electrical change order library; memory compilers; general-purpose input/output, high ESD I/O, and SDIO & eMMC I/O; and digital-PLL, analog-ADC, PLL, LDO, and PVT sensor. It also provides IP integration services, such as processor core hardening; and functional IP services. M31 Technology Corporation was incorporated in 2011 and is headquartered in Zhubei City, Taiwan.
Stock analysis
M31 Technology Corp (6643) currently trades at 516.00 TWD, while our model-based Fair Value estimate is 983.77 TWD, implying the stock looks roughly 47.5% undervalued today.
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Valuation
How firm this estimate is: it rests on 17 models at a data quality of 95/100, which puts the evidence level at medium.
Scenario range: 983.77 TWD (bear) to 1,164 TWD (bull), the price of 516.00 TWD sits below 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 54/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
M31 Technology Corp reported revenue of 1.8B TWD in FY2025 versus 1.0B TWD in FY2021, a compound +15.2%/yr. Reported net income was 70.6M TWD in FY2025, compounding −27.3%/yr from FY2021.
Key figures
Market cap 21.6B TWD (≈ $678M) · P/E ratio 526.5 · P/S ratio 20.9 · EPS (TTM) 0.9800 TWD · Dividend yield 0.2% · Net margin 4.0% · Return on equity 2.2% · Return on assets (EBIT) 12.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −41% fair-value upside, at 91%, 6643 screens cheaper than that median.
Fair Value models
Bear 983.77 TWDFair Value 983.77 TWDBull 1,164 TWD
Price 516.00 TWD · Upside +90.7%
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.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+20.3%
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.
+9.4%
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.
+12.7%
Start year 2020 (pandemic). Over 10 years: +20.4% a year
Revenue growth 11 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.
+21.6%
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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.
−28.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−28.4%
Dividend (yield on the price)0.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−28.4% vs 5.9%, slowing
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.39% → 5%
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 · 332 stocks
Beats the industry median on 1/11 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+90.7% · Top 25%
Profitability
Return on equity (TTM)2.2% · Below median
Return on assets−1.1% · Bottom 25%
Net margin (TTM)2.3% · Below median
Operating margin (TTM)−4.0% · Bottom 25%
Growth and dividend
Revenue growth−6.0% · Bottom 25%
Dividend yield (TTM)0.2% · Bottom 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
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Is M31 Technology Corp (6643) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 983.77 TWD versus a price of 516.00 TWD, about +91% upside (undervalued).
What is the fair value of 6643?
Our model-based fair value for M31 Technology Corp is 983.77 TWD (as of Oct 3, 2026), built from audited fundamentals. The current price: 516.00 TWD.
What is the quality score of 6643?
M31 Technology Corp has a Quality Score of 54/100. 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 M31 Technology Corp (6643)?
Our model-based price target is the fair value of 983.77 TWD (as of Oct 3, 2026) from 17 valuation models. Cautious scenario 983.77 TWD, optimistic scenario 1,164 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the M31 Technology Corp stock forecast for 2026?
Our models put fair value at 983.77 TWD, about +91% upside versus a price of 516.00 TWD (undervalued). Cautious scenario 983.77 TWD, optimistic scenario 1,164 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of M31 Technology Corp (6643)?
M31 Technology Corp reported trailing-twelve-month revenue of about 1.7B TWD (latest available figure, as of Oct 3, 2026).
Does M31 Technology Corp pay a dividend?
M31 Technology Corp currently shows a dividend yield of about 0.23% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of M31 Technology Corp (6643)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For M31 Technology Corp it is 983.77 TWD per share (as of Oct 3, 2026), against a price of 516.00 TWD. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is M31 Technology Corp stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 6643 trades below its calculated fair value: price 516.00 TWD, fair value 983.77 TWD, a gap of about +91% (undervalued). 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 6643?
No. The price is what the market pays today (516.00 TWD); the fair value is what the company's own numbers justify (983.77 TWD). For M31 Technology Corp the two are 467.77 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is M31 Technology Corp worth?
The market values M31 Technology Corp at about 21.6B TWD (market capitalisation, as of Oct 3, 2026). Per share that is 516.00 TWD; our models calculate a fair value of 983.77 TWD per share.
What do the bullish and bearish scenarios say about 6643?
Our models span a range for M31 Technology Corp: cautious scenario 983.77 TWD, base 983.77 TWD, optimistic 1,164 TWD per share (as of Oct 3, 2026, price 516.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of M31 Technology Corp (6643)?
Balance-sheet figures for M31 Technology Corp (as of Oct 3, 2026): return on equity 2.2%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 6643 from its 52-week high?
M31 Technology Corp trades at 516.00 TWD, about 26% below its 52-week high of 697.00 TWD and 38% above the low of 374.00 TWD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 983.77 TWD is for.
Which stocks are comparable to M31 Technology Corp?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, 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 M31 Technology Corp stock attractive at the current price?
The data as of Oct 3, 2026: price 516.00 TWD, calculated fair value 983.77 TWD (+91%), Quality Score 54/100, from 17 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 6643 calculated?
We run M31 Technology Corp through 17 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 983.77 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 14.9 % above its aggregate fair value. M31 Technology Corp currently trades 48 % below its own fair value, and the market average says nothing about that. 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 M31 Technology Corp (6643)?
The closing price on Oct 2, 2026 was 516.00 TWD. Our model-based fair value is 983.77 TWD, about +91% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with M31 Technology Corp right now?
The price is below even our cautious bear case (983.77 TWD). The market is more pessimistic than our downside scenario. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of M31 Technology Corp
How large is the market capitalisation of M31 Technology Corp (6643)?
The market capitalisation of M31 Technology Corp is 21.6B TWD (≈ $678M). 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/E ratio of M31 Technology Corp (6643)?
The price-to-earnings ratio of M31 Technology Corp is 526.5. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of M31 Technology Corp (6643)?
The price-to-sales ratio of M31 Technology Corp is 20.9 (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 M31 Technology Corp (6643)?
Earnings per share at M31 Technology Corp are 0.9800 TWD (price ÷ EPS = P/E 526.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of M31 Technology Corp (6643)?
The dividend yield of M31 Technology Corp is 0.2% (payout 122%). 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 M31 Technology Corp (6643)?
The net margin of M31 Technology Corp is 4.0% (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 M31 Technology Corp (6643)?
The return on equity (ROE) of M31 Technology Corp is 2.2% (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 M31 Technology Corp (6643)?
On an EBIT basis the return on assets of M31 Technology Corp is 12.7% (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 M31 Technology Corp (6643)?
The operating margin of M31 Technology Corp is −4.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at M31 Technology Corp (6643)?
Revenue at M31 Technology Corp is growing −6.0% versus a year earlier (3y avg +9.4%). 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 M31 Technology Corp (6643)?
Earnings per share at M31 Technology Corp are growing −53.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does M31 Technology Corp (6643) generate?
The free cash flow of M31 Technology Corp is −43.2M 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 M31 Technology Corp (6643) hold?
M31 Technology Corp holds more cash than debt, 838M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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