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Powerchip Semiconductor Manufacturing Corporation (6770) Fair Value & Analysis

Technology · TW · Market cap 294B TWD

PS Powerchip Semiconductor Manufacturing Corporation 6770 · TW
Price78.40 TWD
Fair Value121.90 TWD
Upside+55.5%
Quality38/100
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Weak Growth
Solidly profitable · 15.3% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (5/12)
Narrow moat 32/100
Evidence: Low Range 69.15 TWD – 165.00 TWD Share as image

Fair value as of: Aug 13, 2026

From 4 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 4.32 TWD to 121.90 TWD (+2,721.8%) since Jul 18, 2026. Share price +3.0% over the past month.

Below-average quality, screening 55% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain.
  • 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 (69.15 TWD to 165.00 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

88.70 TWD 11.95 TWD Fair Value 121.90 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 11.95 TWD – 88.70 TWD · fair‑value band 69.15 TWD – 165.00 TWD · the 78.40 TWD price screens below the 121.90 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Powerchip Semiconductor Manufacturing Corporation (6770) currently trades at 78.40 TWD, while our model-based Fair Value estimate is 121.90 TWD, implying the stock looks roughly 55.5% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Powerchip Semiconductor Manufacturing Corporation generated revenue of 49.2B TWD at a net margin of 15.3%. Revenue grew 22.1% year over year. It earns a return on equity of 8.2%. Net debt stands at 44.8B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 69.15 TWD (bear case) to 165.00 TWD (bull case); at 78.40 TWD, the current price sits within 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 17% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -54% fair-value upside, at 55%, 6770 screens cheaper 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 2.74 TWD 5.99 TWD 10.07 TWD 70
DDM Multi-Stage 2.74 TWD 4.90 TWD 6.24 TWD 61
EV/EBITDA 0.6100 TWD 54
All 4 models by family
Dividend Discount
Gordon GGM 2.74 TWD 5.99 TWD 10.07 TWD 70
DDM Multi-Stage 2.74 TWD 4.90 TWD 6.24 TWD 61
Multiples
EV/EBITDA 0.6100 TWD 54
Asset-Based
NCAV (Graham) 9.61 TWD 12.87 TWD 19.22 TWD 50

Widest divergence: Asset-Based (12.87 TWD) versus Dividend Discount (4.90 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 49.2B TWD
Revenue growth (YoY) +22.1%
Net margin 15.3%
Return on equity 8.2%
Free cash flow −2.5B TWD FY2025
P/E ratio 41.0 as of Jul 18, 2026
More key figures
Operating margin 105%
EPS (TTM) -1.86 TWD
EPS growth (YoY) -91.7%
Net debt 44.8B TWD FY2025

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

Quality Score breakdown

Overall quality 38/100

Of which business quality 36 · Market factors (momentum, volatility) 60

Profitability 3
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 82
Price trend over the last 3–12 months (market factor)
52W Momentum 90
Distance to the 52-week high (market factor)
Net Issuance 70
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.

About the company

Powerchip Semiconductor Manufacturing Corporation, together with its subsidiaries, engages in the research and development, manufacturing, testing, packaging, and sale of integrated circuit products in Taiwan, the United States, China, and internationally. It also provides foundry, design, overhaul, manufacturing, and memory wafer testing services.

Full company description

Powerchip Semiconductor Manufacturing Corporation, together with its subsidiaries, engages in the research and development, manufacturing, testing, packaging, and sale of integrated circuit products in Taiwan, the United States, China, and internationally. It also provides foundry, design, overhaul, manufacturing, and memory wafer testing services. The company was formerly known as Maxchip Electronics Corp and changed its name to Powerchip Semiconductor Manufacturing Corporation in September 2018. The company was incorporated in 2008 and is based in Hsinchu City, Taiwan. Powerchip Semiconductor Manufacturing Corp. is a subsidiary of Powerchip Technology Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Powerchip Semiconductor Manufacturing Corporation reported revenue of 46.7B TWD in FY2025 versus 65.6B TWD in FY2021, a compound −8.1%/yr. Reported net income was −7.8B TWD in FY2025.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
46.7B TWD
Latest YoY
+4.5%
Avg. 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.
−15.0%
Avg. 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.
+0.5%
Avg. growth/yr (9Y) 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.
+25.8%
Revenue −8.1%/yr
FY21 65.6B TWD
FY22 76.1B TWD
FY23 44.0B TWD
FY24 44.7B TWD
FY25 46.7B TWD
Net income
FY21 16.1B TWD
FY22 21.6B TWD
FY23 −1.6B TWD
FY24 −6.8B TWD
FY25 −7.8B TWD

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Cite: Fair Value Calculator (2026). "Powerchip Semiconductor Manufacturing Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6770

Peer Group

Semiconductors · 323 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 38 · Bottom 25%
Fair Value upside +63% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets -2% · Bottom 25%
Net margin (TTM) 15% · Above median
Operating margin (TTM) -3% · Below median
Revenue growth 22% · Above median
Debt / equity 0.72× · Higher than 75% of peers

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 41.0× · Cheaper than median
P/B 3.59× · Pricier than median
P/S (TTM) 5.98× · Pricier than median
EV/EBITDA 64.3× · Pricier 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.

VALUE 100 · sector 0
FUTURE 100 · sector 60
PAST 33 · sector 24
HEALTH 64 · sector 96
DIVIDEND 0 · sector 19

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

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

Similar stocks

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

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $217.50 $98.98 -54%
Taiwan Semiconductor Manufacturing Company TSM $429.15 $291.42 -32%
Broadcom Inc 1AVGO €366.85 €121.25 -67%
Micron Technology, Inc ZMIC C$43.68 C$6.23 -86%
SK hynix Inc 000660 1,504,000 KRW 1,481,291 KRW -2%
Advanced Micro Devices, Inc 1AMD €428.20 €56.33 -87%
Intel Corporation INTC C$54.79 C$11.71 -79%
MediaTek Inc 2454 4,015 TWD 1,559 TWD -61%
SK Square Co 402340 1,024,000 KRW 1,204,862 KRW +18%
GigaDevice Semiconductor Inc 3986 HK$515.00 HK$274.86 -47%

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Frequently asked questions

Is Powerchip Semiconductor Manufacturing Corporation (6770) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 121.90 TWD versus a price of 78.40 TWD, about +55% (undervalued).
What is the fair value of 6770?
Our model-based fair value for Powerchip Semiconductor Manufacturing Corporation is 121.90 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 78.40 TWD.
What is the quality score of 6770?
Powerchip Semiconductor Manufacturing Corporation has a Quality Score of 38/100. 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 Powerchip Semiconductor Manufacturing Corporation (6770)?
Powerchip Semiconductor Manufacturing Corporation reported trailing-twelve-month revenue of about 49.2B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6770?
The net profit margin of Powerchip Semiconductor Manufacturing Corporation is about 15.3%, meaning it keeps roughly 15.3% of revenue as net income. 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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