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VisEra Technologies Company (6789) Fair Value & Analysis

Technology · TW · Market cap 167B TWD

VT VisEra Technologies Company 6789 · TW
Price417.00 TWD
Fair Value80.05 TWD
Upside-80.8%
Quality62/100
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Expensive Growth
Solidly profitable · 16.3% net margin
Low debt · generates free cash flow
0.62% dividend yield
Mixed vs. peers (6/14)
Moderate moat 57/100
Evidence: High Range 60.04 TWD – 97.86 TWD Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 26 days ago

Share price −18.7% over the past month.

A solid business, but screening 81% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (97.86 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

607.59 TWD 161.68 TWD Fair Value 80.05 TWD Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 161.68 TWD – 607.59 TWD · fair‑value band 60.04 TWD – 97.86 TWD · the 417.00 TWD price screens above the 80.05 TWD fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

VisEra Technologies Company (6789) currently trades at 417.00 TWD, while our model-based Fair Value estimate is 80.05 TWD, implying the stock looks roughly 80.8% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Technology 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: high).

Over the trailing twelve months, VisEra Technologies Company generated revenue of 9.1B TWD at a net margin of 16.3%. Revenue grew 8.0% year over year. It earns a return on equity of 8.0%. The balance sheet holds a net cash position of 9.5B TWD. Fundamentals as of Jul 15, 2026

Our scenario range runs from 60.04 TWD (bear case) to 97.86 TWD (bull case); at 417.00 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 35% below its 52-week high and 113% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -81%, 6789 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 100.74 TWD 130.96 TWD 173.56 TWD 80
Residual Income 47.26 TWD 49.94 TWD 53.15 TWD 76
Rev-Margin DCF 74.24 TWD 91.73 TWD 111.68 TWD 74
All 26 models by family
DCF Models
FCF DCF 99.35 TWD 132.95 TWD 183.06 TWD 38
Owner Earnings 102.39 TWD 137.55 TWD 190.00 TWD 31
5Y Revenue Exit 74.24 TWD 90.88 TWD 111.16 TWD 39
5Y EBITDA Exit 117.79 TWD 170.98 TWD 232.18 TWD 41
5Y P/E Exit 91.71 TWD 123.01 TWD 155.06 TWD 38
10Y Revenue Exit 82.02 TWD 99.11 TWD 120.34 TWD 36
10Y EBITDA Exit 110.42 TWD 154.22 TWD 211.27 TWD 37
10Y P/E Exit 93.90 TWD 121.22 TWD 153.33 TWD 35
Earnings-Based
Graham-Dodd 27.22 TWD 77.57 TWD 102.21 TWD 54
Lynch FV 15.86 TWD 22.65 TWD 29.45 TWD 50
PEG = 1.0 15.86 TWD 22.65 TWD 29.45 TWD 46
EPV 58.03 TWD 61.96 TWD 65.41 TWD 59
Dividend Discount
Gordon GGM 27.46 TWD 57.10 TWD 90.58 TWD 70
DDM Multi-Stage 27.46 TWD 43.73 TWD 59.93 TWD 61
Multiples
P/E Multiple 60.04 TWD 80.05 TWD 100.06 TWD 63
P/S Multiple 51.03 TWD 68.04 TWD 85.05 TWD 58
P/B Multiple 51.03 TWD 68.04 TWD 85.05 TWD 55
EV/EBIT 75.27 TWD 88.89 TWD 102.51 TWD 53
EV/EBITDA 140.03 TWD 175.23 TWD 210.44 TWD 54
EV/Revenue 61.96 TWD 73.76 TWD 85.56 TWD 43
Asset-Based
NCAV (Graham) 28.94 TWD 38.78 TWD 57.88 TWD 50
Growth DCF
Growth DCF 100.74 TWD 130.96 TWD 173.56 TWD 80
Rev-Margin DCF 74.24 TWD 91.73 TWD 111.68 TWD 74
Economic Profit
Residual Income 47.26 TWD 49.94 TWD 53.15 TWD 76
ROIC Compounder 58.06 TWD 63.93 TWD 71.27 TWD 72
Growth Earnings
Growth-Adj P/E 48.42 TWD 69.17 TWD 89.93 TWD 68

Widest divergence: DCF Models (123.01 TWD) versus Earnings-Based (22.65 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 9.1B TWD
Revenue growth (YoY) +8.0%
Net margin 16.3%
Return on equity 8.0%
Free cash flow 1.9B TWD FY2025
P/E ratio 145.4
More key figures
Operating margin 22.8%
EPS (TTM) 3.61 TWD
Dividend yield 0.6%
EPS growth (YoY) +75.5%
Net cash 9.5B TWD FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 62 · Market factors (momentum, volatility) 50

Profitability 36
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 77
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

VisEra Technologies Company Ltd. manufactures and sells electronic spare parts in Taiwan, rest of Asia, Europe, and the United States. The company engages in designing, researching, developing, manufacturing, packaging, testing, and selling of color filters.

Full company description

VisEra Technologies Company Ltd. manufactures and sells electronic spare parts in Taiwan, rest of Asia, Europe, and the United States. The company engages in designing, researching, developing, manufacturing, packaging, testing, and selling of color filters. It also offers image sensors, optical finger print sensors, light sensors, and time of flight sensors; and wafer level testing and wafer level optical thin film services. In addition, the company provides optical component manufacturing, simulation, integration, wafer level characterization, and customized services. Its products are used in automotive, security, augmented and virtual reality, and smart home applications, as well as mobile phones and biomedical sensors. The company was incorporated in 2003 and is headquartered in Hsinchu City, Taiwan. VisEra Technologies Company Ltd. operates as a subsidiary of Taiwan Semiconductor Manufacturing Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

VisEra Technologies Company reported revenue of 8.9B TWD in FY2025 versus 9.0B TWD in FY2021, a compound −0.3%/yr. Reported net income was 1.3B TWD in FY2025, compounding −12.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
8.9B TWD
Latest YoY
−10.6%
Avg. growth/yr (3Y)
−0.5%
Avg. growth/yr (5Y)
+5.2%
Avg. growth/yr (6Y)
+17.5%
Revenue −0.3%/yr
FY21 9.0B TWD
FY22 9.1B TWD
FY23 7.2B TWD
FY24 10.0B TWD
FY25 8.9B TWD
Net income −12.4%/yr
FY21 2.2B TWD
FY22 1.8B TWD
FY23 356M TWD
FY24 1.7B TWD
FY25 1.3B TWD

6789 screens 81% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "VisEra Technologies Company Fair Value". https://www.fairvalue-calculator.com/stock/6789

Peer Group

Semiconductors · 319 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 62 · Above median
Fair Value upside −81% · Bottom 25%
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 16% · Above median
Operating margin (TTM) 23% · Top 25%
Revenue growth 8% · Below median
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 145.4× · Pricier than 75% of peers
P/B 9.07× · Pricier than 75% of peers
P/S (TTM) 18.34× · Pricier than 75% of peers
P/FCF 2.8× · Pricier than median
EV/EBITDA 41.3× · Pricier than median

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 · sector 0
FUTURE 40 · sector 60
PAST 32 · sector 24
HEALTH 98 · sector 97
DIVIDEND 12 · sector 22

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.

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 Jul 15, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is VisEra Technologies Company (6789) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 80.05 TWD versus a price of 417.00 TWD, about −81% (overvalued).
What is the fair value of 6789?
Our model-based fair value for VisEra Technologies Company is 80.05 TWD (as of Jul 15, 2026), built from audited fundamentals. The current price is 417.00 TWD.
What is the quality score of 6789?
VisEra Technologies Company has a Quality Score of 62/100. 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 VisEra Technologies Company (6789)?
VisEra Technologies Company reported trailing-twelve-month revenue of about 9.1B TWD (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 6789?
The net profit margin of VisEra Technologies Company is about 16.3%, meaning it keeps roughly 16.3% of revenue as net income. Based on the latest reported figures.
Does VisEra Technologies Company pay a dividend?
VisEra Technologies Company currently shows a dividend yield of about 0.56% relative to its recent price (as of Jul 15, 2026).

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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