Wiwynn Corp (6669) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Wiwynn Corp stock TWD 857, price TWD 1,650, that is 48.1% below the price, quality 45 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
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Our calculation puts a fair price 48% below what the stock costs today.
Low debt
Positive coverage
Revenue last quarter +26% vs. a year ago.
Quality 45/100
Expensive Growth(revenue 5y +38.4 %/yr in TWD)
Thin margins · 5.2% net margin (TTM)
Mixed vs. peers(6/13)
Moderate moat57/100 · thin data
Some data
Fair value 857.07 TWD · Strongly overvalued (−48.1%)
Negative free cash flow
⚠ Dilution
Risks from the AI analysis
🚩Price drop: Stock dividend added shares amid AI valuation pressure from rate concerns and institutional selling🚩Heavy reliance on few hyperscalers🚩Nvidia design integration reducing assembler role
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range 590.63 TWD – 7,800 TWD · fair‑value band 483.68 TWD – 2,244 TWD · the 1,650 TWD price screens above the 857.07 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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Wiwynn Corporation engages in the research, development, design, testing, and sales of semi products, and peripheral equipment and parts in the United States, Europe, Asia, and internationally.
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The company also offers computer and peripheral equipment, data storage media products, electric appliances, and software products; and provides management consulting, information software, and data processing services.
In addition, it provides multi-node and storage server, storage, open rack, edge/ai platform, multi-purpose server, and rack; accessories, including OCP network mezzanine cards and cards for storage; and software and services.
Further, the company is involved in the manufacture and sale of cloud data center equipment; and investment activities. Wiwynn Corporation was incorporated in 2012 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Wiwynn Corp (6669) currently trades at 1,650 TWD, while our model-based Fair Value estimate is 857.07 TWD, 48% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 4,648 TWD per share, and 7 of the 17 models we run sit above the 1,650 TWD price.
Bear case: the Asset-Based group reads lowest at 168.12 TWD, and 10 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 483.68 TWD (bear) to 2,244 TWD (bull), the price of 1,650 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 45/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Wiwynn Corp reported revenue of 951B TWD in FY2025 versus 193B TWD in FY2021, a compound +49.0%/yr. Reported net income was 51.1B TWD in FY2025, compounding +55.9%/yr from FY2021.
Key figures
Market cap 949B TWD (≈ $28.8B) Large · P/E ratio 16.8 · P/S ratio 0.85 · EPS (TTM) 98.08 TWD · Dividend yield 1.3% · Net margin 5.2% · Return on equity 51.1% · Return on assets (EBIT) 17.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades about 79% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 1% fair-value upside, at −48%, 6669 screens richer than that median.
Fair Value models
Bear483.68 TWDFair Value 857.07 TWDBull2,244 TWD
Price 1,650 TWD · Downside -48.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (83.30 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. 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.Coverage ⓘCoverage = 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.
Best data coverage
EPV896.33 TWD1,017 TWD1,121 TWD74
Owner Earnings520.75 TWD1,008 TWD1,979 TWD70
ROIC Compounder1,030 TWD1,362 TWD1,757 TWD70
All 17 models by family
DCF Models
Owner Earnings520.75 TWD1,008 TWD1,979 TWD70
Earnings-Based
Graham-Dodd625.41 TWD4,362 TWD6,121 TWD61
Lynch FV2,253 TWD3,219 TWD4,185 TWD59
PEG = 1.02,253 TWD3,219 TWD4,185 TWD55
EPV896.33 TWD1,017 TWD1,121 TWD74
Dividend Discount
Gordon GGM213.07 TWD417.11 TWD620.23 TWD65
DDM Multi-Stage213.07 TWD364.11 TWD441.29 TWD65
Multiples
P/E Multiple1,931 TWD2,575 TWD3,219 TWD63
P/S Multiple1,173 TWD1,564 TWD1,954 TWD58
P/B Multiple1,007 TWD1,343 TWD1,679 TWD55
EV/EBIT2,039 TWD2,729 TWD3,419 TWD66
EV/EBITDA1,587 TWD2,126 TWD2,666 TWD67
EV/Revenue1,016 TWD1,464 TWD1,913 TWD53
Asset-Based
NCAV (Graham)110.96 TWD168.12 TWD210.15 TWD54
Economic Profit
Residual Income569.04 TWD952.65 TWD2,640 TWD63
ROIC Compounder1,030 TWD1,362 TWD1,757 TWD70
Growth Earnings
Growth-Adj P/E3,254 TWD4,648 TWD6,043 TWD65
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+163.7%
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.
+48.1%
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.
+38.4%
Start year 2020 (pandemic). Over 10 years: +56.5% 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.
+62.4%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+36.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.4%
Dividend (yield on the price)1.3%
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.40.1% vs 57.2%, 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.6% → 7%
2025 sits 229% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
News mood ⓘNews mood, the average tone of recent news (36 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: High returns on equity from record AI server revenue stand against thin margins and negative operating cash flow caused by the low-markup assembly model.
Main risk: Concentration on a small number of large cloud customers could cause major revenue volatility if any one reduces spending or changes suppliers.
Bull case: Wiwynn could deepen ties with hyperscalers through advanced cooling and CPO solutions while expanding into ASIC platforms to maintain relevance in integrated designs.
Bear case: If hyperscalers further integrate designs or shift orders away, Wiwynn's assembly role could shrink sharply with thin margins becoming unsustainable.
Wiwynn keeps posting record revenue from AI server demand, yet gross margins stay thin because high-value components flow through with limited markup. The recent stock dividend added shares right as broader AI valuations came under pressure from rate concerns and institutional selling. Will the shift toward more ASIC designs and advanced cooling or CPO solutions finally expand those margins, or will the low-margin assembly model continue to cap returns?
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 · 213 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−48.1% · Below median
Profitability
Return on equity (12 months)51.1% · Top 25%
Return on assets15.1% · Top 25%
Net margin (12 months)5.2% · Above median
Operating margin (12 months)7.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)26.0% · Above median
Dividend yield (12 months)1.3% · Below median
Balance sheet
Debt / equity0.23× · Above median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (12 months)16.8× · Pricier than median
P/B7.61× · Priciest 25%
P/S (12 months)0.85× · Cheaper than median
EV/EBITDA11.7× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 3
FUTURE (revenue growth)100· sector 81
PAST (return on equity)100· sector 33
HEALTH (low debt)89· sector 97
DIVIDEND (yield)25· sector 45
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). "Wiwynn Corp Fair Value". https://www.fairvalue-calculator.com/stock/6669
Frequently asked questions
Is Wiwynn Corp (6669) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of 857.07 TWD versus a price of 1,650 TWD, about 48% lower (overvalued).
What is the fair value of 6669?
Our model-based fair value for Wiwynn Corp is 857.07 TWD (as of Nov 2, 2026), built from audited fundamentals. The current price: 1,650 TWD.
What is the quality score of 6669?
Wiwynn Corp has a Quality Score of 45/100. 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 Wiwynn Corp (6669)?
Our model-based price target is the fair value of 857.07 TWD (as of Nov 2, 2026) from 17 valuation models. Cautious scenario 483.68 TWD, optimistic scenario 2,244 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Wiwynn Corp stock forecast for 2026?
Our models put fair value at 857.07 TWD, about 48% lower versus a price of 1,650 TWD (overvalued). Cautious scenario 483.68 TWD, optimistic scenario 2,244 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Wiwynn Corp (6669)?
Wiwynn Corp reported trailing-twelve-month revenue of about 1.1T TWD (latest available figure, as of Nov 2, 2026).
Does Wiwynn Corp pay a dividend?
Wiwynn Corp currently shows a dividend yield of 1.27% relative to its recent price (as of Nov 2, 2026).
What is the intrinsic value of Wiwynn Corp (6669)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wiwynn Corp it is 857.07 TWD per share (as of Nov 2, 2026), against a price of 1,650 TWD. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Wiwynn Corp stock overvalued or undervalued in 2026?
As of Nov 2, 2026, 6669 trades above its calculated fair value: price 1,650 TWD, fair value 857.07 TWD, a gap of about −48% (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 6669?
No. The price is what the market pays today (1,650 TWD); the fair value is what the company's own numbers justify (857.07 TWD). For Wiwynn Corp the two are 792.93 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Wiwynn Corp worth?
The market values Wiwynn Corp at about 949B TWD (market capitalisation, as of Nov 2, 2026). Per share that is 1,650 TWD; our models calculate a fair value of 857.07 TWD per share.
What do the bullish and bearish scenarios say about 6669?
Our models span a range for Wiwynn Corp: cautious scenario 483.68 TWD, base 857.07 TWD, optimistic 2,244 TWD per share (as of Nov 2, 2026, price 1,650 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6669?
Wiwynn Corp trades at a price-to-earnings ratio of 16.8 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 857.07 TWD is built from several models across several years. Other multiples: P/B 7.6, P/S 0.9, EV/EBITDA 11.7.
How solid is the balance sheet of Wiwynn Corp (6669)?
Balance-sheet figures for Wiwynn Corp (as of Nov 2, 2026): return on equity 51.1%, debt of 0.23 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 6669 from its 52-week high?
Wiwynn Corp trades at 1,650 TWD, about 79% below its 52-week high of 7,800 TWD and at the low of 1,650 TWD (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 857.07 TWD is for.
Which stocks are comparable to Wiwynn Corp?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, Seagate Technology Holdings, 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 Wiwynn Corp stock attractive at the current price?
The data as of Nov 2, 2026: price 1,650 TWD, calculated fair value 857.07 TWD (−48%), Quality Score 45/100, 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 6669 calculated?
We run Wiwynn 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 857.07 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 15.5% above its aggregate fair value. Wiwynn Corp 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 Wiwynn Corp (6669)?
The closing price on Nov 5, 2026 was 1,650 TWD. Our model-based fair value is 857.07 TWD, about 48% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wiwynn Corp right now?
Weak quality (45/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (483.68 TWD to 2,244 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Where does the earnings growth of Wiwynn Corp (6669) come from?
Earnings per share at Wiwynn Corp grew +53.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +32.1 %, EBIT margin +15.6 %, tax rate −0.3 %, residual (interest, one-offs) +1.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Wiwynn Corp
How large is the market capitalisation of Wiwynn Corp (6669)?
The market capitalisation of Wiwynn Corp is 949B TWD (≈ $28.8B). 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 Wiwynn Corp (6669)?
The price-to-sales ratio of Wiwynn Corp is 0.85 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Wiwynn Corp (6669)?
Earnings per share at Wiwynn Corp are 98.08 TWD (price ÷ EPS = P/E 16.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wiwynn Corp (6669)?
The dividend yield of Wiwynn Corp is 1.3% (payout 21.3%). 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 Wiwynn Corp (6669)?
The net margin of Wiwynn Corp is 5.2% (last twelve months). 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 Wiwynn Corp (6669)?
The return on equity (ROE) of Wiwynn Corp is 51.1% (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 Wiwynn Corp (6669)?
On an EBIT basis the return on assets of Wiwynn Corp is 17.2% (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 Wiwynn Corp (6669)?
The operating margin of Wiwynn Corp is 7.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wiwynn Corp (6669)?
Revenue at Wiwynn Corp is growing +26.0% versus a year earlier (3y avg +48.1%). 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 Wiwynn Corp (6669)?
Earnings per share at Wiwynn Corp are growing +15.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Wiwynn Corp (6669) generate?
The free cash flow of Wiwynn Corp is −14.3B 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 debt does Wiwynn Corp (6669) carry?
The net debt of Wiwynn Corp is 17.2B TWD (fiscal year 2025). 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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Some data
Nov 2, 2026