VisEra Technologies Co. Ltd. (6789) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of VisEra Technologies Co. Ltd. TWD 97.76, price TWD 466, upside -79.0%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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 161.68 TWD – 607.59 TWD · fair‑value band 82.83 TWD – 120.56 TWD · the 465.50 TWD price screens above the 97.76 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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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.
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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.
Stock analysis
VisEra Technologies Co. Ltd. (6789) currently trades at 465.50 TWD, while our model-based Fair Value estimate is 97.76 TWD, implying the stock looks roughly 376.2% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 132.45 TWD per share, and 0 of the 26 models we run sit above the 465.50 TWD price.
Bear case: the Earnings-Based group reads lowest at 22.65 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 82.83 TWD (bear) to 120.56 TWD (bull), the price of 465.50 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 62/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
VisEra Technologies Co. Ltd. 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.
Key figures
Market cap 167B TWD (≈ $5.2B) · P/E ratio 128.9 · P/S ratio 18.4 · EPS (TTM) 3.61 TWD · Dividend yield 0.6% · Net margin 14.3% · Return on equity 8.0% · Return on assets (EBIT) 8.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 107% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at −79%, 6789 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (22.65 TWD to 229.39 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 82.83 TWDFair Value 97.76 TWDBull 120.56 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 (0.4462 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−10.6%
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.
−0.5%
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.
+5.2%
Start year 2020 (pandemic)
Revenue growth 6 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.
+17.5%
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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. 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.
−9.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.0%
Dividend (yield on the price)0.6%
Profit margin 2020 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.36% → 11%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+43.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+11.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +41.4% a year for the price and +9.5% for the forecasts.
Compare VisEra Technologies 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 · 340 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−78% · Bottom 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets4% · Above median
Net margin (TTM)16% · Above median
Operating margin (TTM)23% · Top 25%
Growth and dividend
Revenue growth8% · Below median
Dividend yield (TTM)0.6% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (TTM)128.9× · Priciest 25%
P/B9.07× · Priciest 25%
P/S (TTM)18.34× · Priciest 25%
P/FCF2.8× · Cheaper than median
EV/EBITDA41.3× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)40· sector 64
PAST (return on equity)32· sector 22
HEALTH (low debt)98· sector 95
DIVIDEND (yield)13· sector 19
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 VisEra Technologies Co. Ltd. (6789) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 97.76 TWD versus a price of 465.50 TWD, about −79% upside (overvalued).
What is the fair value of 6789?
Our model-based fair value for VisEra Technologies Co. Ltd. is 97.76 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 465.50 TWD.
What is the quality score of 6789?
VisEra Technologies Co. Ltd. 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 price target for VisEra Technologies Co. Ltd. (6789)?
Our model-based price target is the fair value of 97.76 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 82.83 TWD, optimistic scenario 120.56 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the VisEra Technologies Co. Ltd. stock forecast for 2026?
Our models put fair value at 97.76 TWD, about −79% upside versus a price of 465.50 TWD (overvalued). Cautious scenario 82.83 TWD, optimistic scenario 120.56 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of VisEra Technologies Co. Ltd. (6789)?
VisEra Technologies Co. Ltd. reported trailing-twelve-month revenue of about 9.1B TWD (latest available figure, as of Sep 24, 2026).
Does VisEra Technologies Co. Ltd. pay a dividend?
VisEra Technologies Co. Ltd. currently shows a dividend yield of about 0.64% relative to its recent price (as of Sep 24, 2026).
What growth is priced into VisEra Technologies Co. Ltd. (6789)?
For today's price to be fair in a discounted-cash-flow model, VisEra Technologies Co. Ltd. would have to grow free cash flow by +43.6 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6789 use?
Our models discount VisEra Technologies Co. Ltd. at 12.6 %: a base by market capitalisation (mid), damped by beta 1.91, 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 VisEra Technologies Co. Ltd. that is +43.6 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has VisEra Technologies Co. Ltd. (6789) delivered so far?
Over the past 5 years revenue at VisEra Technologies Co. Ltd. grew +5.2 % a year. The price currently implies +43.6 % 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 VisEra Technologies Co. Ltd. (6789) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into VisEra Technologies Co. Ltd. (+43.6 % 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 VisEra Technologies Co. Ltd. (6789)?
The free-cash-flow yield on the price is 1.25 %: that much free cash flow VisEra Technologies Co. Ltd. produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of VisEra Technologies Co. Ltd. (6789)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VisEra Technologies Co. Ltd. it is 97.76 TWD per share (as of Sep 24, 2026), against a price of 465.50 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is VisEra Technologies Co. Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6789 trades above its calculated fair value: price 465.50 TWD, fair value 97.76 TWD, a gap of about −79% (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 6789?
No. The price is what the market pays today (465.50 TWD); the fair value is what the company's own numbers justify (97.76 TWD). For VisEra Technologies Co. Ltd. the two are 367.74 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is VisEra Technologies Co. Ltd. worth?
The market values VisEra Technologies Co. Ltd. at about 167B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 465.50 TWD; our models calculate a fair value of 97.76 TWD per share.
What do the bullish and bearish scenarios say about 6789?
Our models span a range for VisEra Technologies Co. Ltd.: cautious scenario 82.83 TWD, base 97.76 TWD, optimistic 120.56 TWD per share (as of Sep 24, 2026, price 465.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6789?
VisEra Technologies Co. Ltd. trades at a price-to-earnings ratio of 128.9 (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 97.76 TWD is built from several models across several years. Other multiples: P/B 9.1, P/S 18.3, EV/EBITDA 41.3.
How solid is the balance sheet of VisEra Technologies Co. Ltd. (6789)?
Balance-sheet figures for VisEra Technologies Co. Ltd. (as of Sep 24, 2026): return on equity 8.0%, debt of 0.03 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 6789 from its 52-week high?
VisEra Technologies Co. Ltd. trades at 465.50 TWD, about 23% below its 52-week high of 607.59 TWD and 107% above the low of 224.74 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 97.76 TWD is for.
Which stocks are comparable to VisEra Technologies 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 VisEra Technologies Co. Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 465.50 TWD, calculated fair value 97.76 TWD (−79%), Quality Score 62/100, from 26 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 6789 calculated?
We run VisEra Technologies Co. Ltd. through 26 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 97.76 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. VisEra Technologies 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 VisEra Technologies Co. Ltd. (6789)?
The closing price on Sep 24, 2026 was 465.50 TWD. Our model-based fair value is 97.76 TWD, about −79% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with VisEra Technologies Co. Ltd. right now?
The price sits above even our optimistic bull case (120.56 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.
Key figures of VisEra Technologies Co. Ltd.
How large is the market capitalisation of VisEra Technologies Co. Ltd. (6789)?
The market capitalisation of VisEra Technologies Co. Ltd. is 167B TWD (≈ $5.2B). 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 VisEra Technologies Co. Ltd. (6789)?
The price-to-sales ratio of VisEra Technologies Co. Ltd. is 18.4 (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 VisEra Technologies Co. Ltd. (6789)?
Earnings per share at VisEra Technologies Co. Ltd. are 3.61 TWD (price ÷ EPS = P/E 128.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of VisEra Technologies Co. Ltd. (6789)?
The dividend yield of VisEra Technologies Co. Ltd. is 0.6% (payout 83.1%). 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 VisEra Technologies Co. Ltd. (6789)?
The net margin of VisEra Technologies Co. Ltd. is 14.3% (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 VisEra Technologies Co. Ltd. (6789)?
The return on equity (ROE) of VisEra Technologies Co. Ltd. is 8.0% (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 VisEra Technologies Co. Ltd. (6789)?
On an EBIT basis the return on assets of VisEra Technologies Co. Ltd. is 8.0% (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 VisEra Technologies Co. Ltd. (6789)?
The operating margin of VisEra Technologies Co. Ltd. is 22.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at VisEra Technologies Co. Ltd. (6789)?
Revenue at VisEra Technologies Co. Ltd. is growing +8.0% versus a year earlier (3y avg −0.5%). 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 VisEra Technologies Co. Ltd. (6789)?
Earnings per share at VisEra Technologies Co. Ltd. are growing +75.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does VisEra Technologies Co. Ltd. (6789) hold?
VisEra Technologies Co. Ltd. holds more cash than debt, 9.5B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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