Fittech Co (6706) Fair Value & Analysis

Industrials · TW · Market cap 8.6B TWD

Below-average quality, and screening another 72% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (48.83 TWD). The favourable scenario is already priced in.
• Weak quality (33/100) 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 (24.42 TWD to 48.83 TWD) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 49.80 TWD – 223.54 TWD · fair‑value band 24.42 TWD – 48.83 TWD · the 115.00 TWD price screens above the 32.72 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Fittech Co (6706) currently trades at 115.00 TWD, while our model-based Fair Value estimate is 32.72 TWD, implying the stock looks roughly 71.6% overvalued today. The Quality Score stands at 33/100 (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, Fittech Co generated revenue of 636M TWD at a net margin of -57.7%. Revenue declined 61.9% year over year. It earns a return on equity of -9.3%. Net debt stands at 1.4B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 24.42 TWD (bear case) to 48.83 TWD (bull case); at 115.00 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 49% below its 52-week high and 99% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -72%, 6706 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.

Widest divergence: Asset-Based (32.72 TWD) versus Dividend Discount (31.36 TWD). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

Fittech Co., Ltd. provides automatic equipment and system integration services in Taiwan, China, Asia, and internationally.

Full company description

Fittech Co., Ltd. provides automatic equipment and system integration services in Taiwan, China, Asia, and internationally. The company offers LED/MiniLED test solutions, including LED chip and wafer, auto LED wafer, LED flip chip/wafer, auto flip-chip, auto LED chip probing and testing systems, auto production LED mapping sorters, high accuracy automatic chip counters, and automatic detaching tape systems. It also provides MicroLED test and transfer solutions; auto semiconductor wafer probing systems; and laser cleaning solutions, such as handheld laser, laser cleaning system, and semi-auto probe pin laser cleaners. In addition, the company offers optoelectronics test solutions, including integrated VCSEL wafer, VCSEL wafer, VCSEL near field wafer, VCSEL far field wafer, flip chip VCSEL wafer, PD, laser diode probing and testing systems, auto edge emitting laser bar testers, low temp. edge emitting laser probing and sorting systems, COC-COS testing and sorting systems, semi-auto wafer scribers and breakers, and burn in testers; and silicon photonics solution. Further, it provides laser micromachining solutions, such as semi-auto laser wafer, auto laser wafer, auto dual-arm laser wafer, auto tray-in laser, auto dual-laser strip, 6" WLCSP laser marking systems, auto laser ceramic cutting systems, auto laser via drilling systems, semi-auto PCB laser cutting and drilling systems, and auto dual-laser strip cutting systems. Additionally, it engages in the manufacturing and wholesale of machinery and equipment, general instruments, optical instruments, other optical and precision machinery, intellectual property rights, information software services, research and development services, and international trade, as well as provides LED testing outsourcing, LD testing and sorting, and OEM services. Fittech Co., Ltd. was incorporated in 2000 and is headquartered in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fittech Co reported revenue of 896M TWD in FY2025 versus 5.7B TWD in FY2021, a compound −37.1%/yr. Reported net income was −308M TWD in FY2025.

6706 screens 72% overvalued. Compare with GE Vernova Inc →

Peer Group

Specialty Industrial Machinery · 808 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.

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

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.

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.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Explore undervalued stocks

More undervalued Industrials stocks →

Frequently asked questions

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.