Phoenix Pioneer technology Co., Ltd. (6920) fair value: what the stock is really worth
We calculate from audited financials what Phoenix Pioneer technology Co., Ltd. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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A solid business, trading 46% below our fair value of 177.49 TWD.
As of Sep 11, 2026, the fair value of Phoenix Pioneer technology Co., Ltd. is 177.49 TWD per share against a price of 95.70 TWD, so the fair value sits 85% above the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y +38.7 %/yr)
!Loss-making · -31.9% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (5/11)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain
Evidence: LowRange 131.77 TWD to 223.51 TWD
Fair value as of: Sep 11, 2026
From 2 valuation models · updated today
Fair value updated Sep 11, 2026, revised from 5.63 TWD to 177.49 TWD (+3,052.6%) since Aug 13, 2026. Share price +22.1% over the past month.
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Phoenix Pioneer technology Co., Ltd. (6920) currently trades at 95.70 TWD, while our model-based Fair Value estimate is 177.49 TWD, implying the stock looks roughly 46.1% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Technology sector. How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Over the trailing twelve months, Phoenix Pioneer technology Co., Ltd. generated revenue of 1.5B TWD at a net margin of −31.9%. Revenue grew 22.6% year over year. It earns a return on equity of −31.2%. Net debt stands at 38.9M TWD. Fundamentals as of Sep 11, 2026
Scenario range: 131.77 TWD (bear) to 223.51 TWD (bull), the price of 95.70 TWD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 34% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −71% fair-value upside, at 85%, 6920 screens cheaper than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/S ratio11.4TTM
EPS (TTM)−2.34 TWD
Net margin−31.9%FY2025
Return on equity−31.2%TTM
Return on assets (EBIT)−10.2%avg 5y
Operating margin−23.2%TTM
More key figures
Growth
Revenue (TTM)1.5B TWDTTM
Revenue growth (YoY)+22.6%3y avg −8.6%
Balance sheet & cash flow
Free cash flow−30.0M TWDFY2025
Net debt38.9M TWDFY2025
Figures from reported company fundamentals · as of Sep 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality50/100
Of which business quality 49
· Market factors (momentum, volatility) 57
Profitability6
Margins and returns on capital today
Quality Growth86
Are margins and returns improving?
Cashflow12
Earnings quality: real cash, not paper profit
Fin. Strength81
Balance sheet, leverage, solvency risk
Investment92
Disciplined investing over empire-building
Low Volatility0
Calm price path (market factor)
Momentum82
Price trend over the last 3–12 months (market factor)
52W Momentum81
Distance to the 52-week high (market factor)
Net Issuance50
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Phoenix Pioneer technology Co., Ltd. researches and develops, manufactures, and markets IC substrates in Taiwan, China, and internationally. The company offers FCCSP IC substrates and SiP module substrates. It also provides xQFN/routable LF/MIS, FCCSP/FC-LGA, FP-COIL, PLP, Cu stud, COIL, EPS, interposer, and ultra-thin substrates.
Full company description
Phoenix Pioneer technology Co., Ltd. researches and develops, manufactures, and markets IC substrates in Taiwan, China, and internationally. The company offers FCCSP IC substrates and SiP module substrates. It also provides xQFN/routable LF/MIS, FCCSP/FC-LGA, FP-COIL, PLP, Cu stud, COIL, EPS, interposer, and ultra-thin substrates. The company was founded in 2013 and is based in Hsinchu City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Phoenix Pioneer technology Co., Ltd. reported revenue of 1.5B TWD in FY2025 versus 974M TWD in FY2021, a compound +10.6%/yr. Reported net income was −464M TWD in FY2025.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.5B TWD
Latest YoY
+21.1%
Avg. revenue 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.
−8.6%
Avg. revenue 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.
+38.7%
EBIT 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.
−192.7% (2020) → −25.5% (2025)
Value creation/yr ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.
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.
This stockSector peers
VALUE100· sector 0
FUTURE100· sector 63
PAST0· sector 30
HEALTH83· sector 96
DIVIDEND0· sector 17
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
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Is Phoenix Pioneer technology Co., Ltd. (6920) overvalued or undervalued?
As of Sep 11, 2026, our model estimates a fair value of 177.49 TWD versus a price of 95.70 TWD, about +85% upside (undervalued).
What is the fair value of 6920?
Our model-based fair value for Phoenix Pioneer technology Co., Ltd. is 177.49 TWD (as of Sep 11, 2026), built from audited fundamentals. The current price: 95.70 TWD.
What is the quality score of 6920?
Phoenix Pioneer technology Co., Ltd. has a Quality Score of 50/100. 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 Phoenix Pioneer technology Co., Ltd. (6920)?
Our model-based price target is the fair value of 177.49 TWD (as of Sep 11, 2026) from 2 valuation models. Cautious scenario 131.77 TWD, optimistic scenario 223.51 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Phoenix Pioneer technology Co., Ltd. stock forecast for 2026?
Our models put fair value at 177.49 TWD, about +85% upside versus a price of 95.70 TWD (undervalued). Cautious scenario 131.77 TWD, optimistic scenario 223.51 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Phoenix Pioneer technology Co., Ltd. (6920)?
Phoenix Pioneer technology Co., Ltd. reported trailing-twelve-month revenue of about 1.5B TWD (latest available figure, as of Sep 11, 2026).
What is the net profit margin of 6920?
The net profit margin of Phoenix Pioneer technology Co., Ltd. is about −31.9%, meaning it is currently running at a net loss. Based on the latest reported figures.
What is the intrinsic value of Phoenix Pioneer technology Co., Ltd. (6920)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Phoenix Pioneer technology Co., Ltd. it is 177.49 TWD per share (as of Sep 11, 2026), against a price of 95.70 TWD. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Phoenix Pioneer technology Co., Ltd. stock overvalued or undervalued in 2026?
As of Sep 11, 2026, 6920 trades below its calculated fair value: price 95.70 TWD, fair value 177.49 TWD, a gap of about +85% (undervalued). 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 6920?
No. The price is what the market pays today (95.70 TWD); the fair value is what the company's own numbers justify (177.49 TWD). For Phoenix Pioneer technology Co., Ltd. the two are 81.79 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Phoenix Pioneer technology Co., Ltd. worth?
The market values Phoenix Pioneer technology Co., Ltd. at about 19.8B TWD (market capitalisation, as of Sep 11, 2026). Per share that is 95.70 TWD; our models calculate a fair value of 177.49 TWD per share.
What do the bullish and bearish scenarios say about 6920?
Our models span a range for Phoenix Pioneer technology Co., Ltd.: cautious scenario 131.77 TWD, base 177.49 TWD, optimistic 223.51 TWD per share (as of Sep 11, 2026, price 95.70 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Phoenix Pioneer technology Co., Ltd. (6920)?
Balance-sheet figures for Phoenix Pioneer technology Co., Ltd. (as of Sep 11, 2026): return on equity −31.2%, debt of 0.34 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 6920 from its 52-week high?
Phoenix Pioneer technology Co., Ltd. trades at 95.70 TWD, about 34% below its 52-week high of 145.00 TWD and 593% above the low of 13.80 TWD (as of Sep 11, 2026). Distance from the high says nothing about value: that is what the fair value of 177.49 TWD is for.
Which stocks are comparable to Phoenix Pioneer technology Co., Ltd.?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, 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 Phoenix Pioneer technology Co., Ltd. stock attractive at the current price?
The data as of Sep 11, 2026: price 95.70 TWD, calculated fair value 177.49 TWD (+85%), Quality Score 50/100, 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 6920 calculated?
We run Phoenix Pioneer technology Co., Ltd. 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 177.49 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 32.6 % above its aggregate fair value. Phoenix Pioneer technology Co., Ltd. currently trades 85 % below its own fair value, and the market average says nothing about that. 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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