Forcelead Technology Corp., an IC design company (6996) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Forcelead Technology Corp., an IC design company TWD 151, price TWD 171, upside -11.6%, quality 59 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
33‑month range 124.63 TWD – 279.51 TWD · fair‑value band 108.14 TWD – 218.74 TWD · the 171.00 TWD price screens above the 151.15 TWD fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Forcelead Technology Corp., an IC design company, engages in the research, development, and sale of display driver chips and touch integrated driver chips in Taiwan, Asia, Europe, the United States, and internationally.
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Forcelead Technology Corp., an IC design company, engages in the research, development, and sale of display driver chips and touch integrated driver chips in Taiwan, Asia, Europe, the United States, and internationally. The company offers automotive display driver IC chips for instrument clusters, car audio systems, climate control systems, and other in-vehicle displays; display driver chips for dashboards, center consoles, head-up displays, electronic rearview mirrors, and rotary knobs; AIoT application display IC chips for POS systems, smart home appliance, and consuming and industrial control human-machine interfaces; and customized/OLED/ASIC display driver chips. Forcelead Technology Corp. was founded in 2009 and is headquartered in Zhubei, Taiwan.
Stock analysis
Forcelead Technology Corp., an IC design company (6996) currently trades at 171.00 TWD, while our model-based Fair Value estimate is 151.15 TWD, implying the stock looks roughly 13.1% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 204.33 TWD per share, and 8 of the 22 models we run sit above the 171.00 TWD price.
Bear case: the Asset-Based group reads lowest at 43.45 TWD, and 14 of the 22 models stay below the price. Evidence for this calculation is high.
Scenario range: 108.14 TWD (bear) to 218.74 TWD (bull), the price of 171.00 TWD sits inside 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 59/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Forcelead Technology Corp., an IC design company reported revenue of 2.7B TWD in FY2025 versus 3.5B TWD in FY2021, a compound −6.6%/yr. Reported net income was 506M TWD in FY2025, compounding −18.0%/yr from FY2021.
Key figures
Market cap 7.2B TWD (≈ $226M) · P/E ratio 11.4 · P/S ratio 2.14 · EPS (TTM) 15.02 TWD · Dividend yield 5.8% · Net margin 18.8% · Return on equity 24.8% · Return on assets (EBIT) 27.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −12%, 6996 screens cheaper than that median.
Fair Value models
Bear 108.14 TWDFair Value 151.15 TWDBull 218.74 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 (3.69 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−9.4%
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.
−1.4%
’21
’22
’23
’24
’25
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.
−10.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.4%
Dividend (yield on the price)5.8%
Profit margin 2021 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.38% → 19%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+8.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +7.1% a year for the price.
Compare Forcelead Technology Corp., an IC design company 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.Electronic Components · 654 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−12% · Above median
Profitability
Return on equity (TTM)25% · Top 25%
Return on assets13% · Top 25%
Net margin (TTM)21% · Top 25%
Operating margin (TTM)24% · Top 25%
Growth and dividend
Revenue growth40% · Top 25%
Dividend yield (TTM)5.8% · Top 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Forcelead Technology Corp., an IC design company Fair Value". https://www.fairvalue-calculator.com/stock/6996
Frequently asked questions
Is Forcelead Technology Corp., an IC design company (6996) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 151.15 TWD versus a price of 171.00 TWD, about −12% upside (overvalued).
What is the fair value of 6996?
Our model-based fair value for Forcelead Technology Corp., an IC design company is 151.15 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 171.00 TWD.
What is the quality score of 6996?
Forcelead Technology Corp., an IC design company has a Quality Score of 59/100. 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 Forcelead Technology Corp., an IC design company (6996)?
Our model-based price target is the fair value of 151.15 TWD (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 108.14 TWD, optimistic scenario 218.74 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Forcelead Technology Corp., an IC design company stock forecast for 2026?
Our models put fair value at 151.15 TWD, about −12% upside versus a price of 171.00 TWD (overvalued). Cautious scenario 108.14 TWD, optimistic scenario 218.74 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Forcelead Technology Corp., an IC design company (6996)?
Forcelead Technology Corp., an IC design company reported trailing-twelve-month revenue of about 3.0B TWD (latest available figure, as of Sep 24, 2026).
Does Forcelead Technology Corp., an IC design company pay a dividend?
Forcelead Technology Corp., an IC design company currently shows a dividend yield of about 5.85% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Forcelead Technology Corp., an IC design company (6996)?
For today's price to be fair in a discounted-cash-flow model, Forcelead Technology Corp., an IC design company would have to grow free cash flow by +8.8 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew -6.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6996 use?
Our models discount Forcelead Technology Corp., an IC design company at 11.8 %: a base by market capitalisation (micro), damped by beta 0.35, 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 Forcelead Technology Corp., an IC design company that is +8.8 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Forcelead Technology Corp., an IC design company (6996) delivered so far?
Over the past 4 years revenue at Forcelead Technology Corp., an IC design company grew -6.6 % a year. The price currently implies +8.8 % 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 Forcelead Technology Corp., an IC design company (6996) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into Forcelead Technology Corp., an IC design company (+8.8 % 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 Forcelead Technology Corp., an IC design company (6996)?
The free-cash-flow yield on the price is 6.12 %: that much free cash flow Forcelead Technology Corp., an IC design company produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Forcelead Technology Corp., an IC design company (6996)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Forcelead Technology Corp., an IC design company it is 151.15 TWD per share (as of Sep 24, 2026), against a price of 171.00 TWD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Forcelead Technology Corp., an IC design company stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6996 trades above its calculated fair value: price 171.00 TWD, fair value 151.15 TWD, a gap of about −12% (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 6996?
No. The price is what the market pays today (171.00 TWD); the fair value is what the company's own numbers justify (151.15 TWD). For Forcelead Technology Corp., an IC design company the two are 19.85 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Forcelead Technology Corp., an IC design company worth?
The market values Forcelead Technology Corp., an IC design company at about 7.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 171.00 TWD; our models calculate a fair value of 151.15 TWD per share.
What do the bullish and bearish scenarios say about 6996?
Our models span a range for Forcelead Technology Corp., an IC design company: cautious scenario 108.14 TWD, base 151.15 TWD, optimistic 218.74 TWD per share (as of Sep 24, 2026, price 171.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6996?
Forcelead Technology Corp., an IC design company trades at a price-to-earnings ratio of 11.4 (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 151.15 TWD is built from several models across several years. Other multiples: P/B 2.6, P/S 2.4, EV/EBITDA 9.1.
How solid is the balance sheet of Forcelead Technology Corp., an IC design company (6996)?
Balance-sheet figures for Forcelead Technology Corp., an IC design company (as of Sep 24, 2026): return on equity 24.8%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 6996 from its 52-week high?
Forcelead Technology Corp., an IC design company trades at 171.00 TWD, about 16% below its 52-week high of 202.50 TWD and 29% above the low of 132.21 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 151.15 TWD is for.
Which stocks are comparable to Forcelead Technology Corp., an IC design company?
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 Forcelead Technology Corp., an IC design company stock attractive at the current price?
The data as of Sep 24, 2026: price 171.00 TWD, calculated fair value 151.15 TWD (−12%), Quality Score 59/100, from 22 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 6996 calculated?
We run Forcelead Technology Corp., an IC design company through 22 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 151.15 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 14.0 % above its aggregate fair value. Forcelead Technology Corp., an IC design company 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 Forcelead Technology Corp., an IC design company (6996)?
The closing price on Sep 24, 2026 was 171.00 TWD. Our model-based fair value is 151.15 TWD, about −12% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Forcelead Technology Corp., an IC design company right now?
A fairly wide model range (108.14 TWD to 218.74 TWD) leaves room in how you read the outcome. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Forcelead Technology Corp., an IC design company
How large is the market capitalisation of Forcelead Technology Corp., an IC design company (6996)?
The market capitalisation of Forcelead Technology Corp., an IC design company is 7.2B TWD (≈ $226M). 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 Forcelead Technology Corp., an IC design company (6996)?
The price-to-sales ratio of Forcelead Technology Corp., an IC design company is 2.14 (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 Forcelead Technology Corp., an IC design company (6996)?
Earnings per share at Forcelead Technology Corp., an IC design company are 15.02 TWD (price ÷ EPS = P/E 11.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Forcelead Technology Corp., an IC design company (6996)?
The dividend yield of Forcelead Technology Corp., an IC design company is 5.8% (payout 66.6%). 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 Forcelead Technology Corp., an IC design company (6996)?
The net margin of Forcelead Technology Corp., an IC design company is 18.8% (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 Forcelead Technology Corp., an IC design company (6996)?
The return on equity (ROE) of Forcelead Technology Corp., an IC design company is 24.8% (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 Forcelead Technology Corp., an IC design company (6996)?
On an EBIT basis the return on assets of Forcelead Technology Corp., an IC design company is 27.0% (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 Forcelead Technology Corp., an IC design company (6996)?
The operating margin of Forcelead Technology Corp., an IC design company is 24.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Forcelead Technology Corp., an IC design company (6996)?
Revenue at Forcelead Technology Corp., an IC design company is growing +39.7% versus a year earlier (3y avg −1.4%). 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 Forcelead Technology Corp., an IC design company (6996)?
Earnings per share at Forcelead Technology Corp., an IC design company are growing +87.6% versus a year earlier. How much earnings per share grew versus a year earlier.
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