Major-Power Technology Co., Ltd. (6720) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Major-Power Technology Co., Ltd. TWD 62.32, price TWD 127, upside -50.9%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Major-Power Technology Co., Ltd. operates as an analog IC design company in Taiwan, Mainland China, Asia, and Europe.
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Major-Power Technology Co., Ltd. operates as an analog IC design company in Taiwan, Mainland China, Asia, and Europe. It provides hall-switch/latch/linear sensor, DC-DC power management IC, BLDC fan driver, LED driver, hall IC, and motor driver products for use in automotive, e-moto, consumer, PC peripheral, audio media, health, industry, electricity, mobile phone car QC and PD fast charging, POE security camera, and fan driver applications. The company also offers power supply design and management; and power management chip design and manufacturing services. Major-Power Technology Co., Ltd. was founded in 2011 and is based in Hsinchu City, Taiwan.
Stock analysis
Major-Power Technology Co., Ltd. (6720) currently trades at 127.00 TWD, while our model-based Fair Value estimate is 62.32 TWD, implying the stock looks roughly 103.8% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 82.56 TWD per share, and 0 of the 22 models we run sit above the 127.00 TWD price.
Bear case: the Asset-Based group reads lowest at 21.29 TWD, and 22 of the 22 models stay below the price. Evidence for this calculation is high.
Scenario range: 47.62 TWD (bear) to 79.68 TWD (bull), the price of 127.00 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 52/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Major-Power Technology Co., Ltd. reported revenue of 436M TWD in FY2025 versus 362M TWD in FY2021, a compound +4.7%/yr. Reported net income was 117M TWD in FY2025, compounding +25.0%/yr from FY2021.
Key figures
Market cap 3.8B TWD (≈ $119M) · P/E ratio 34.6 · P/S ratio 9.25 · EPS (TTM) 3.67 TWD · Dividend yield 2.8% · Net margin 26.7% · Return on equity 12.5% · Return on assets (EBIT) 8.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at −51%, 6720 screens richer than that median.
Fair Value models
Bear 47.62 TWDFair Value 62.32 TWDBull 79.68 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1248 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.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.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−14.5%
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.
+21.7%
’21
’22
’23
’24
’25
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. Basis: EBIT basis. 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.
≈ +20.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.5%
Dividend (yield on the price)2.8%
Profit margin 2021 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.13% → 28%
⚠ Rate on operating basis: 2025 sits 135% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+34.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +32.0% a year for the price.
Compare Major-Power Technology Co., Ltd. with another stock
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 · 339 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−52% · Below median
Profitability
Return on equity (TTM)13% · Above median
Return on assets3% · Above median
Net margin (TTM)30% · Top 25%
Operating margin (TTM)13% · Above median
Growth and dividend
Revenue growth−15% · Bottom 25%
Dividend yield (TTM)2.8% · Top 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (TTM)34.6× · Cheaper than median
P/B4.06× · Pricier than median
P/S (TTM)10.37× · Pricier than median
P/FCF1.9× · Cheaper than median
EV/EBITDA61.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 64
PAST (return on equity)50· sector 22
HEALTH (low debt)99· sector 95
DIVIDEND (yield)55· sector 20
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.
Is Major-Power Technology Co., Ltd. (6720) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 62.32 TWD versus a price of 127.00 TWD, about −51% upside (overvalued).
What is the fair value of 6720?
Our model-based fair value for Major-Power Technology Co., Ltd. is 62.32 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 127.00 TWD.
What is the quality score of 6720?
Major-Power Technology Co., Ltd. has a Quality Score of 52/100. 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 Major-Power Technology Co., Ltd. (6720)?
Our model-based price target is the fair value of 62.32 TWD (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 47.62 TWD, optimistic scenario 79.68 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Major-Power Technology Co., Ltd. stock forecast for 2026?
Our models put fair value at 62.32 TWD, about −51% upside versus a price of 127.00 TWD (overvalued). Cautious scenario 47.62 TWD, optimistic scenario 79.68 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Major-Power Technology Co., Ltd. (6720)?
Major-Power Technology Co., Ltd. reported trailing-twelve-month revenue of about 373M TWD (latest available figure, as of Sep 24, 2026).
Does Major-Power Technology Co., Ltd. pay a dividend?
Major-Power Technology Co., Ltd. currently shows a dividend yield of about 2.76% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Major-Power Technology Co., Ltd. (6720)?
For today's price to be fair in a discounted-cash-flow model, Major-Power Technology Co., Ltd. would have to grow free cash flow by +34.1 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +4.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6720 use?
Our models discount Major-Power Technology Co., Ltd. at 12.0 %: a base by market capitalisation (micro), damped by beta 0.62, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Major-Power Technology Co., Ltd. that is +34.1 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Major-Power Technology Co., Ltd. (6720) delivered so far?
Over the past 4 years revenue at Major-Power Technology Co., Ltd. grew +4.7 % a year. The price currently implies +34.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Major-Power Technology Co., Ltd. (6720) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Major-Power Technology Co., Ltd. (+34.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Major-Power Technology Co., Ltd. (6720)?
The free-cash-flow yield on the price is 1.65 %: that much free cash flow Major-Power Technology Co., Ltd. produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Major-Power Technology Co., Ltd. (6720)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Major-Power Technology Co., Ltd. it is 62.32 TWD per share (as of Sep 24, 2026), against a price of 127.00 TWD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Major-Power Technology Co., Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6720 trades above its calculated fair value: price 127.00 TWD, fair value 62.32 TWD, a gap of about −51% (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 6720?
No. The price is what the market pays today (127.00 TWD); the fair value is what the company's own numbers justify (62.32 TWD). For Major-Power Technology Co., Ltd. the two are 64.68 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Major-Power Technology Co., Ltd. worth?
The market values Major-Power Technology Co., Ltd. at about 3.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 127.00 TWD; our models calculate a fair value of 62.32 TWD per share.
What do the bullish and bearish scenarios say about 6720?
Our models span a range for Major-Power Technology Co., Ltd.: cautious scenario 47.62 TWD, base 62.32 TWD, optimistic 79.68 TWD per share (as of Sep 24, 2026, price 127.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6720?
Major-Power Technology Co., Ltd. trades at a price-to-earnings ratio of 34.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 62.32 TWD is built from several models across several years. Other multiples: P/B 4.1, P/S 10.4, EV/EBITDA 61.8.
How solid is the balance sheet of Major-Power Technology Co., Ltd. (6720)?
Balance-sheet figures for Major-Power Technology Co., Ltd. (as of Sep 24, 2026): return on equity 12.5%, debt of 0.02 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 6720 from its 52-week high?
Major-Power Technology Co., Ltd. trades at 127.00 TWD, about 28% below its 52-week high of 175.38 TWD and 10% above the low of 115.12 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 62.32 TWD is for.
Which stocks are comparable to Major-Power Technology Co., Ltd.?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix 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 Major-Power Technology Co., Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 127.00 TWD, calculated fair value 62.32 TWD (−51%), Quality Score 52/100, from 22 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 6720 calculated?
We run Major-Power Technology Co., Ltd. through 22 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 62.32 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 13.2 % above its aggregate fair value. Major-Power Technology 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 Major-Power Technology Co., Ltd. (6720)?
The closing price on Sep 24, 2026 was 127.00 TWD. Our model-based fair value is 62.32 TWD, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Major-Power Technology Co., Ltd. right now?
The price sits above even our optimistic bull case (79.68 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Major-Power Technology Co., Ltd.
How large is the market capitalisation of Major-Power Technology Co., Ltd. (6720)?
The market capitalisation of Major-Power Technology Co., Ltd. is 3.8B TWD (≈ $119M). 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 Major-Power Technology Co., Ltd. (6720)?
The price-to-sales ratio of Major-Power Technology Co., Ltd. is 9.25 (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 Major-Power Technology Co., Ltd. (6720)?
Earnings per share at Major-Power Technology Co., Ltd. are 3.67 TWD (price ÷ EPS = P/E 34.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Major-Power Technology Co., Ltd. (6720)?
The dividend yield of Major-Power Technology Co., Ltd. is 2.8% (payout 95.4%). 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 Major-Power Technology Co., Ltd. (6720)?
The net margin of Major-Power Technology Co., Ltd. is 26.7% (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 Major-Power Technology Co., Ltd. (6720)?
The return on equity (ROE) of Major-Power Technology Co., Ltd. is 12.5% (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 Major-Power Technology Co., Ltd. (6720)?
On an EBIT basis the return on assets of Major-Power Technology Co., Ltd. is 8.7% (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 Major-Power Technology Co., Ltd. (6720)?
The operating margin of Major-Power Technology Co., Ltd. is 13.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Major-Power Technology Co., Ltd. (6720)?
Revenue at Major-Power Technology Co., Ltd. is growing −15.0% versus a year earlier (3y avg +21.7%). 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 Major-Power Technology Co., Ltd. (6720)?
Earnings per share at Major-Power Technology Co., Ltd. are growing +465% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Major-Power Technology Co., Ltd. (6720) carry?
The net debt of Major-Power Technology Co., Ltd. is 19.9M TWD (fiscal year 2022, ≈ 0.3 yrs of FCF). 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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