PlayNitride Inc. (6854) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of PlayNitride Inc. TWD 28.49, price TWD 91.40, upside -68.8%, quality 26 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
49‑month range 62.50 TWD – 267.50 TWD · fair‑value band 23.84 TWD – 33.14 TWD · the 91.40 TWD price screens above the 28.49 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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PlayNitride Inc. engages in the research and development, manufacture, and sale of MicroLED display products, modules, and panels in Taiwan, Korea, and internationally. The company also offers design, installation, and maintenance of processing equipment; consulting services; and licensing of technologies.
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PlayNitride Inc. engages in the research and development, manufacture, and sale of MicroLED display products, modules, and panels in Taiwan, Korea, and internationally. The company also offers design, installation, and maintenance of processing equipment; consulting services; and licensing of technologies. Its MicroLED products are used in large displays, medium and small displays, and flexible displays, as well as AR, wearable devices, and automotive applications. The company has a strategic collaboration with Brillink to develop an array-based photonic interconnect solution designed to deliver bandwidth density for computing and AI systems. PlayNitride Inc. was incorporated in 2014 and is headquartered in Miaoli, Taiwan.
Stock analysis
PlayNitride Inc. (6854) currently trades at 91.40 TWD, while our model-based Fair Value estimate is 28.49 TWD, implying the stock looks roughly 220.8% overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: 23.84 TWD (bear) to 33.14 TWD (bull), the price of 91.40 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 26/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
PlayNitride Inc. reported revenue of 1.4B TWD in FY2025 versus 205M TWD in FY2021, a compound +60.3%/yr. Reported net income was −117M TWD in FY2025.
Key figures
Market cap 11.8B TWD (≈ $371M) · P/S ratio 9.95 · EPS (TTM) −2.68 TWD · Net margin −8.7% · Return on equity −8.3% · Return on assets (EBIT) −18.2% · Operating margin −189% · Revenue (TTM) 1.2B TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (medium confidence).
What moves the price
The share trades about 52% 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 −66% fair-value upside, at −69%, 6854 screens richer than that median.
Fair Value models
Bear 23.84 TWDFair Value 28.49 TWDBull 33.14 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.
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.32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−23.6%
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.
+49.6%
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.
+61.7%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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.
−1,219.0% (2020) → −10.2% (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
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.Electronic Components · 654 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−69% · Below median
Profitability
Return on assets−4% · Bottom 25%
Net margin (TTM)−27% · Bottom 25%
Operating margin (TTM)−189% · Bottom 25%
Growth and dividend
Revenue growth−55% · Bottom 25%
Balance sheet
Debt / equity0.20× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/B0.10× · Cheapest 25%
P/S (TTM)0.31× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 39
PAST (return on equity)0· sector 26
HEALTH (low debt)90· sector 95
DIVIDEND (yield)0· sector 25
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.
Cite: Fair Value Calculator (2026). "PlayNitride Inc. Fair Value". https://www.fairvalue-calculator.com/stock/6854
Frequently asked questions
Is PlayNitride Inc. (6854) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 28.49 TWD versus a price of 91.40 TWD, about −69% upside (overvalued).
What is the fair value of 6854?
Our model-based fair value for PlayNitride Inc. is 28.49 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 91.40 TWD.
What is the quality score of 6854?
PlayNitride Inc. has a Quality Score of 26/100. 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 PlayNitride Inc. (6854)?
Our model-based price target is the fair value of 28.49 TWD (as of Sep 24, 2026) from 2 valuation models. Cautious scenario 23.84 TWD, optimistic scenario 33.14 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the PlayNitride Inc. stock forecast for 2026?
Our models put fair value at 28.49 TWD, about −69% upside versus a price of 91.40 TWD (overvalued). Cautious scenario 23.84 TWD, optimistic scenario 33.14 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of PlayNitride Inc. (6854)?
PlayNitride Inc. reported trailing-twelve-month revenue of about 1.2B TWD (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of PlayNitride Inc. (6854)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PlayNitride Inc. it is 28.49 TWD per share (as of Sep 24, 2026), against a price of 91.40 TWD. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is PlayNitride Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6854 trades above its calculated fair value: price 91.40 TWD, fair value 28.49 TWD, a gap of about −69% (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 6854?
No. The price is what the market pays today (91.40 TWD); the fair value is what the company's own numbers justify (28.49 TWD). For PlayNitride Inc. the two are 62.91 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is PlayNitride Inc. worth?
The market values PlayNitride Inc. at about 11.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 91.40 TWD; our models calculate a fair value of 28.49 TWD per share.
What do the bullish and bearish scenarios say about 6854?
Our models span a range for PlayNitride Inc.: cautious scenario 23.84 TWD, base 28.49 TWD, optimistic 33.14 TWD per share (as of Sep 24, 2026, price 91.40 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PlayNitride Inc. (6854)?
Balance-sheet figures for PlayNitride Inc. (as of Sep 24, 2026): return on equity −8.3%, debt of 0.20 per unit of equity. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is 6854 from its 52-week high?
PlayNitride Inc. trades at 91.40 TWD, about 52% below its 52-week high of 190.50 TWD and 10% above the low of 82.90 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 28.49 TWD is for.
Which stocks are comparable to PlayNitride Inc.?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 PlayNitride Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price 91.40 TWD, calculated fair value 28.49 TWD (−69%), Quality Score 26/100, from 2 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 6854 calculated?
We run PlayNitride Inc. through 2 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 28.49 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. PlayNitride Inc. 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 PlayNitride Inc. (6854)?
The closing price on Sep 24, 2026 was 91.40 TWD. Our model-based fair value is 28.49 TWD, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PlayNitride Inc. right now?
The price sits above even our optimistic bull case (33.14 TWD). The favourable scenario is already priced in. Weak quality (26/100) 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.
Key figures of PlayNitride Inc.
How large is the market capitalisation of PlayNitride Inc. (6854)?
The market capitalisation of PlayNitride Inc. is 11.8B TWD (≈ $371M). 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 PlayNitride Inc. (6854)?
The price-to-sales ratio of PlayNitride Inc. is 9.95 (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 PlayNitride Inc. (6854)?
Earnings per share at PlayNitride Inc. are −2.68 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of PlayNitride Inc. (6854)?
The net margin of PlayNitride Inc. is −8.7% (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 PlayNitride Inc. (6854)?
The return on equity (ROE) of PlayNitride Inc. is −8.3% (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 PlayNitride Inc. (6854)?
On an EBIT basis the return on assets of PlayNitride Inc. is −18.2% (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 PlayNitride Inc. (6854)?
The operating margin of PlayNitride Inc. is −189% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PlayNitride Inc. (6854)?
Revenue at PlayNitride Inc. is growing −54.7% versus a year earlier (3y avg +49.6%). 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 PlayNitride Inc. (6854)?
Earnings per share at PlayNitride Inc. are growing +81.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PlayNitride Inc. (6854) generate?
The free cash flow of PlayNitride Inc. is −944M 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 cash does PlayNitride Inc. (6854) hold?
PlayNitride Inc. holds more cash than debt, 1.2B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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