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Ubiqconn Technology, Inc (6928) Fair Value & Analysis

Technology · TW · Market cap 4.7B TWD

UT Ubiqconn Technology, Inc 6928 · TW
Price48.20 TWD
Fair Value25.99 TWD
Upside-46.1%
Quality49/100
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Mixed Growth
Loss-making · -4.5% net margin
Low debt · generates free cash flow
Trails peers (4/12)
Narrow moat 18/100
Evidence: Medium Range 21.41 TWD – 30.57 TWD Share as image

Fair value as of: Jul 23, 2026

From 9 valuation models · updated 18 days ago

Share price −16.3% over the past month.

Below-average quality, and screening another 46% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (30.57 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (3 years)

117.27 TWD 40.43 TWD Fair Value 25.99 TWD May 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

39‑month range 40.43 TWD – 117.27 TWD · fair‑value band 21.41 TWD – 30.57 TWD · the 48.20 TWD price screens above the 25.99 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

Ubiqconn Technology, Inc (6928) currently trades at 48.20 TWD, while our model-based Fair Value estimate is 25.99 TWD, implying the stock looks roughly 46.1% overvalued today. The Quality Score stands at 49/100 (below-average 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: medium).

Over the trailing twelve months, Ubiqconn Technology, Inc generated revenue of 1.9B TWD at a net margin of -4.5%. Revenue declined 10.4% year over year. It earns a return on equity of -4.1%. The balance sheet holds a net cash position of 922M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 21.41 TWD (bear case) to 30.57 TWD (bull case); at 48.20 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 43% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -46%, 6928 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
Growth DCF 23.03 TWD 26.86 TWD 33.21 TWD 80
Rev-Margin DCF 21.92 TWD 26.79 TWD 32.76 TWD 74
Gordon GGM 4.39 TWD 4.79 TWD 5.38 TWD 70
All 9 models by family
DCF Models
FCF DCF 22.57 TWD 26.55 TWD 33.68 TWD 38
5Y Revenue Exit 21.92 TWD 26.52 TWD 33.21 TWD 39
10Y Revenue Exit 21.83 TWD 25.23 TWD 28.85 TWD 36
Dividend Discount
Gordon GGM 4.39 TWD 4.79 TWD 5.38 TWD 70
DDM Multi-Stage 4.39 TWD 5.43 TWD 6.84 TWD 61
Multiples
EV/Revenue 22.38 TWD 26.96 TWD 31.54 TWD 43
Asset-Based
NCAV (Graham) 11.85 TWD 15.88 TWD 23.70 TWD 50
Growth DCF
Growth DCF 23.03 TWD 26.86 TWD 33.21 TWD 80
Rev-Margin DCF 21.92 TWD 26.79 TWD 32.76 TWD 74

Widest divergence: Multiples (26.96 TWD) versus Dividend Discount (4.79 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.9B TWD
Revenue growth (YoY) -10.4%
Net margin -4.5%
Return on equity -4.1%
Free cash flow 101M TWD FY2025
Operating margin -1.5%
More key figures
EPS (TTM) -0.7300 TWD
Net cash 922M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 53 · Market factors (momentum, volatility) 42

Profitability 21
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 48
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

Ubiqconn Technology, Inc. engages in the manufacturing and sale of industrial computers and automotive products in the United States, the Netherlands, Brazil, Australia, Taiwan, and internationally.

Full company description

Ubiqconn Technology, Inc. engages in the manufacturing and sale of industrial computers and automotive products in the United States, the Netherlands, Brazil, Australia, Taiwan, and internationally. The company also provides modular design, high-precision prototyping, engineering excellence, supply chain management, and intelligent factory operation services. Its products and services are used in satellite communication, maritime, government, and smart rugged mobility applications. The company was incorporated in 2011 and is based in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ubiqconn Technology, Inc reported revenue of 2.0B TWD in FY2025 versus 3.2B TWD in FY2021, a compound −11.5%/yr. Reported net income was −62.4M TWD in FY2025.

Growth Quality 32/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.0B TWD
Latest YoY
−2.5%
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.
−15.9%
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.
+4.0%
Avg. growth/yr (6Y) 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.
+3.0%
Revenue −11.5%/yr
FY21 3.2B TWD
FY22 3.3B TWD
FY23 3.7B TWD
FY24 2.0B TWD
FY25 2.0B TWD
Net income
FY21 125M TWD
FY22 207M TWD
FY23 258M TWD
FY24 −67.2M TWD
FY25 −62.4M TWD

6928 screens 46% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Ubiqconn Technology, Inc Fair Value". https://www.fairvalue-calculator.com/stock/6928

Peer Group

Computer Hardware · 215 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 49 · Below median
Fair Value upside −46% · Below median
Return on assets -3% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) -2% · Below median
Revenue growth -10% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.08× · Cheaper than 75% of peers
P/FCF 1.5× · Cheaper 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 0 · sector 57
PAST 0 · sector 26
HEALTH 100 · sector 97
DIVIDEND 0 · sector 44

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is Ubiqconn Technology, Inc (6928) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 25.99 TWD versus a price of 48.20 TWD, about −46% (overvalued).
What is the fair value of 6928?
Our model-based fair value for Ubiqconn Technology, Inc is 25.99 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 48.20 TWD.
What is the quality score of 6928?
Ubiqconn Technology, Inc has a Quality Score of 49/100. 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 Ubiqconn Technology, Inc (6928)?
Ubiqconn Technology, Inc reported trailing-twelve-month revenue of about 1.9B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6928?
The net profit margin of Ubiqconn Technology, Inc is about -4.5%, meaning it is currently running at a net loss. 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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