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Das Technology Co. Ltd. (6648) Fair Value & Analysis

Industrials · TW · Market cap 715M TWD

DT Das Technology Co. Ltd. 6648 · TWO
Price15.45 TWD
Fair Value6.85 TWD
Upside-55.7%
Quality41/100
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Risks

!Trades 126% ABOVE our fair value of 6.85 TWD
!Weak Growth (revenue 5y −16.2 %/yr)
!Loss-making · -21.3% net margin
!Low debt · negative free cash flow
Weak Growth (revenue 5y −16.2 %/yr)
Loss-making · -21.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 10/100
Evidence: Low Range 4.52 TWD – 8.56 TWD Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 12 days ago

Share price +1.0% over the past month.

Below-average quality, and trading another 126% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (8.56 TWD). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (4.52 TWD to 8.56 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

67.01 TWD 14.50 TWD Fair Value 6.85 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 14.50 TWD – 67.01 TWD · fair‑value band 4.52 TWD – 8.56 TWD · the 15.45 TWD price screens above the 6.85 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Das Technology Co. Ltd. (6648) currently trades at 15.45 TWD, while our model-based Fair Value estimate is 6.85 TWD, implying the stock looks roughly 55.7% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Industrials 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: low).

Over the trailing twelve months, Das Technology Co. Ltd. generated revenue of 324M TWD at a net margin of -21.3%. Revenue grew 11.3% year over year. It earns a return on equity of -10.8%. The balance sheet holds a net cash position of 174M TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 4.52 TWD (bear case) to 8.56 TWD (bull case); at 15.45 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 50% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -44% fair-value upside, at -56%, 6648 screens richer 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
Gordon GGM 3.20 TWD 3.45 TWD 3.82 TWD 70
DDM Multi-Stage 3.20 TWD 3.81 TWD 4.60 TWD 61
NCAV (Graham) 6.21 TWD 8.32 TWD 12.42 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 3.20 TWD 3.45 TWD 3.82 TWD 70
DDM Multi-Stage 3.20 TWD 3.81 TWD 4.60 TWD 61
Asset-Based
NCAV (Graham) 6.21 TWD 8.32 TWD 12.42 TWD 50

Widest divergence: Asset-Based (8.32 TWD) versus Dividend Discount (3.45 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

P/S ratio 2.21 TTM
Net margin -21.3% TTM
Return on equity -10.8% TTM
Return on assets -4.7% TTM
Operating margin -31.5% TTM
EPS (TTM) -1.43 TWD
More key figures
Growth
Revenue (TTM) 324M TWD TTM
Revenue growth (YoY) +11.3% 3y avg -28.4%
EPS growth (YoY) -94.6%
Balance sheet & cash flow
Free cash flow −75.3M TWD FY2025
Net cash 174M TWD FY2023

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 40 · Market factors (momentum, volatility) 26

Profitability 3
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 50
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Das Technology Co., Ltd. provides smart meters and home automation systems in Taiwan. The company offers gateways, wireless thermostats and receptacles, wireless light dimmers, touch pads, wireless electric curtains, wireless gas alarms, wireless smoke and gas detectors, video intercoms, cameras, IR remote controls, intercoms, camera detectors, security …

Full company description

Das Technology Co., Ltd. provides smart meters and home automation systems in Taiwan. The company offers gateways, wireless thermostats and receptacles, wireless light dimmers, touch pads, wireless electric curtains, wireless gas alarms, wireless smoke and gas detectors, video intercoms, cameras, IR remote controls, intercoms, camera detectors, security machines, and contact alarms, as well as EZSwitch that connects home appliances and electronic devices to Wi-Fi network. It also provides LSP, which helps users to migrate Windows NT to Linux; and LMAIL, a webmail software on Linux. In addition, the company offers MVReader to read meter through RS232 port, as well as to communicate with the control center through GPRS; and power plugs. Das Technology Co., Ltd. was founded in 1999 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Das Technology Co. Ltd. reported revenue of 324M TWD in FY2025 versus 675M TWD in FY2021, a compound −16.8%/yr. Reported net income was −68.8M TWD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
324M TWD
Latest YoY
−26.0%
Avg. revenue 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.
−28.4%
Avg. revenue 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.
−16.2%
Avg. revenue growth/yr (6Y) 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.
+1.3%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −16.8%/yr
FY21 675M TWD
FY22 884M TWD
FY23 511M TWD
FY24 437M TWD
FY25 324M TWD
Net income
FY21 71.7M TWD
FY22 26.8M TWD
FY23 −96.1M TWD
FY24 −161M TWD
FY25 −68.8M TWD

6648 screens 56% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Das Technology Co. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/6648

Peer Group

Electrical Equipment & Parts · 551 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 41 · Bottom 25%
Fair Value upside −56% · Below median
Return on assets -5% · Bottom 25%
Net margin (TTM) -21% · Bottom 25%
Operating margin (TTM) -31% · Bottom 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 2.4% · Above median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/S (TTM) 0.07× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE57 · sector 57
PAST0 · sector 26
HEALTH99 · sector 97
DIVIDEND48 · sector 22

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

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 -40%
ABB Ltd ABBN CHF 80.38 CHF 28.31 -65%
Delta Electronics (Thailand) Public Company TDED 10.40 SGD 1.47 SGD -86%
Vertiv Holdings VRT $288.36 $63.13 -78%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW -45%
Prysmian S.p.A PRY €131.40 €84.15 -36%
Legrand SA LR €134.65 €78.82 -41%
Sungrow Power Supply Co 300274 ¥117.53 ¥123.83 +5%
Hubbell Incorporated HUBB $512.90 $285.77 -44%
Shenzhen Inovance Technology Co 300124 ¥61.07 ¥33.04 -46%

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Frequently asked questions

Is Das Technology Co. Ltd. (6648) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 6.85 TWD versus a price of 15.45 TWD, about −56% (overvalued).
What is the fair value of 6648?
Our model-based fair value for Das Technology Co. Ltd. is 6.85 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 15.45 TWD.
What is the quality score of 6648?
Das Technology Co. Ltd. has a Quality Score of 41/100. 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 Das Technology Co. Ltd. (6648)?
Das Technology Co. Ltd. reported trailing-twelve-month revenue of about 324M TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6648?
The net profit margin of Das Technology Co. Ltd. is about -21.3%, 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.

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