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Fittech Co Ltd (6706) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Fittech Co Ltd TWD 32.56, price TWD 143, upside -77.2%, quality 33 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · TW · ISIN TW0006706005

FC Thin data Sep 24, 2026

Fittech Co Ltd

6706 · TW

Weakest SetupStrongly overvalued and low quality.

!Fair value 32.56 TWD · Strongly overvalued (−77%)
!Quality 33/100
!Weak Growth (revenue 5y −22.3 %/yr)
!Loss-making · -57.7% net margin (TTM)
!Moderate debt · negative free cash flow
!Trails peers (2/10)
!Narrow moat 6/100
!Evidence only low, so the estimate is less certain

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Price vs Fair Value

223.54 TWD 49.80 TWD Fair Value 32.56 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 49.80 TWD – 223.54 TWD · fair‑value band 24.30 TWD – 48.60 TWD · the 143.00 TWD price screens above the 32.56 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

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

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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.

Stock analysis

Fittech Co Ltd (6706) currently trades at 143.00 TWD, while our model-based Fair Value estimate is 32.56 TWD, implying the stock looks roughly 339.2% overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: 24.30 TWD (bear) to 48.60 TWD (bull), the price of 143.00 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 33/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Fittech Co Ltd 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.

Key figures

Market cap 11.2B TWD (≈ $353M) · P/S ratio 13.5 · EPS (TTM) −3.92 TWD · Net margin −34.4% · Return on equity −9.3% · Return on assets (EBIT) 2.7% · Operating margin −77.1% · Revenue (TTM) 636M TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).

What moves the price

The share trades about 34% below its 52-week high and 116% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at −77%, 6706 screens richer than that median.

Fair Value models

Bear 24.30 TWD Fair Value 32.56 TWD Bull 48.60 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. 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.
Highest evidence
NCAV (Graham) 24.42 TWD 32.72 TWD 48.83 TWD 54
All 1 models by family
Asset-Based
NCAV (Graham) 24.42 TWD 32.72 TWD 48.83 TWD 54

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Quality Score breakdown

Overall quality 33/100

Of which business quality 35 · Market factors (momentum, volatility) 53

Profitability 2
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 15
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 11
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 47
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.4%
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.
−41.4%
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.
−22.3%
Start year 2020 (pandemic). Over 10 years: +7.4% a year
Revenue growth 10 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.
+7.4%
Profit margin (trend) ⓘ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.
14.2% (2020) → −33.8% (2025)
What shareholders gained per year ⓘ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

6706 screens 339% overvalued. Compare with GE Vernova Inc →

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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.Specialty Industrial Machinery · 826 stocks

Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 35 · Bottom 25%
Fair Value upside −77% · Bottom 25%
Profitability
Return on assets −3% · Bottom 25%
Net margin (TTM) −58% · Bottom 25%
Operating margin (TTM) −77% · Bottom 25%
Growth and dividend
Revenue growth −62% · Bottom 25%
Balance sheet
Debt / equity 0.60× · Highest 25%

Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper

P/B 0.09× · Cheapest 25%
P/S (TTM) 0.56× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 22
PAST (return on equity)0 · sector 28
HEALTH (low debt)70 · sector 95
DIVIDEND (yield)0 · sector 25

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
GE Vernova Inc GEV $950.28 $194.25 −80%
SIE SIE €273.85 €150.21 −45%
Eaton Corporation ETN $442.49 $172.75 −61%
Parker-Hannifin Corporation PH $964.85 $418.76 −57%
Cummins Inc CMI $526.13 $359.38 −32%
Illinois Tool Works Inc ITW $270.47 $151.39 −44%
Emerson Electric Co EMR $154.19 $62.15 −60%
AMETEK, Inc AME $245.41 $125.80 −49%
Rockwell Automation, Inc ROK $427.19 $138.24 −68%
Sandvik AB SAND kr 383.50 kr 193.39 −50%

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Cite: Fair Value Calculator (2026). "Fittech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6706

Frequently asked questions

Is Fittech Co Ltd (6706) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 32.56 TWD versus a price of 143.00 TWD, about −77% upside (overvalued).
What is the fair value of 6706?
Our model-based fair value for Fittech Co Ltd is 32.56 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 143.00 TWD.
What is the quality score of 6706?
Fittech Co Ltd has a Quality Score of 33/100. 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 Fittech Co Ltd (6706)?
Our model-based price target is the fair value of 32.56 TWD (as of Sep 24, 2026) from 1 valuation models. Cautious scenario 24.30 TWD, optimistic scenario 48.60 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Fittech Co Ltd stock forecast for 2026?
Our models put fair value at 32.56 TWD, about −77% upside versus a price of 143.00 TWD (overvalued). Cautious scenario 24.30 TWD, optimistic scenario 48.60 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Fittech Co Ltd (6706)?
Fittech Co Ltd reported trailing-twelve-month revenue of about 636M TWD (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Fittech Co Ltd (6706)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fittech Co Ltd it is 32.56 TWD per share (as of Sep 24, 2026), against a price of 143.00 TWD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Fittech Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6706 trades above its calculated fair value: price 143.00 TWD, fair value 32.56 TWD, a gap of about −77% (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 6706?
No. The price is what the market pays today (143.00 TWD); the fair value is what the company's own numbers justify (32.56 TWD). For Fittech Co Ltd the two are 110.44 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Fittech Co Ltd worth?
The market values Fittech Co Ltd at about 11.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 143.00 TWD; our models calculate a fair value of 32.56 TWD per share.
What do the bullish and bearish scenarios say about 6706?
Our models span a range for Fittech Co Ltd: cautious scenario 24.30 TWD, base 32.56 TWD, optimistic 48.60 TWD per share (as of Sep 24, 2026, price 143.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Fittech Co Ltd (6706)?
Balance-sheet figures for Fittech Co Ltd (as of Sep 24, 2026): return on equity −9.3%, debt of 0.60 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is 6706 from its 52-week high?
Fittech Co Ltd trades at 143.00 TWD, about 34% below its 52-week high of 216.50 TWD and 116% above the low of 66.10 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 32.56 TWD is for.
Which stocks are comparable to Fittech Co Ltd?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin 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 Fittech Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 143.00 TWD, calculated fair value 32.56 TWD (−77%), Quality Score 33/100, from 1 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 6706 calculated?
We run Fittech Co Ltd through 1 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 32.56 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 14.1 % above its aggregate fair value. Fittech Co Ltd 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 Fittech Co Ltd (6706)?
The closing price on Sep 24, 2026 was 143.00 TWD. Our model-based fair value is 32.56 TWD, about −77% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fittech Co Ltd right now?
The price sits above even our optimistic bull case (48.60 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 (24.30 TWD to 48.60 TWD) leaves room in how you read the outcome.

Key figures of Fittech Co Ltd

How large is the market capitalisation of Fittech Co Ltd (6706)?
The market capitalisation of Fittech Co Ltd is 11.2B TWD (≈ $353M). 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 Fittech Co Ltd (6706)?
The price-to-sales ratio of Fittech Co Ltd is 13.5 (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 Fittech Co Ltd (6706)?
Earnings per share at Fittech Co Ltd are −3.92 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Fittech Co Ltd (6706)?
The net margin of Fittech Co Ltd is −34.4% (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 Fittech Co Ltd (6706)?
The return on equity (ROE) of Fittech Co Ltd is −9.3% (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 Fittech Co Ltd (6706)?
On an EBIT basis the return on assets of Fittech Co Ltd is 2.7% (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 Fittech Co Ltd (6706)?
The operating margin of Fittech Co Ltd is −77.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fittech Co Ltd (6706)?
Revenue at Fittech Co Ltd is growing −61.9% versus a year earlier (3y avg −41.4%). 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 Fittech Co Ltd (6706)?
Earnings per share at Fittech Co Ltd are growing −25.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fittech Co Ltd (6706) generate?
The free cash flow of Fittech Co Ltd is −1.5B 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 Fittech Co Ltd (6706) carry?
The net debt of Fittech Co Ltd is 1.4B 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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