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Alpha Microelectronics (8024) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Alpha Microelectronics stock TWD 6.30, price TWD 10.90, that is 42.2% below the price, quality 44 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Technology TW · ISIN TW0008024001

AM Alpha Microelectronics logo Thin data Nov 3, 2026

Alpha Microelectronics

8024 · TWO
Very expensive, weak quality

Our calculation puts a fair price 42% below what the stock costs today.

Last quarter vs. a year ago: revenue +48%, profit +93%.
Quality 44/100
Fair value 6.30 TWD · Strongly overvalued
Weak Growth (revenue 5y −18.9 %/yr in TWD)
Loss-making · -51.3% net margin (TTM)
Negative free cash flow
Trails peers (3/9)
Narrow moat 16/100
Thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

30.47 TWD 10.50 TWD Fair Value 6.30 TWD Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range 10.50 TWD – 30.47 TWD · fair‑value band 4.16 TWD – 7.87 TWD · the 10.90 TWD price screens above the 6.30 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.

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Company profile

Alpha Microelectronics Corporation engages in the research, design, development, application, and marketing of integrated circuits (ICs). The company's products portfolio comprises speech ICs, multi-channel voice ICs, general-purpose MCUs, LCD MCUs, 32-bit MCUs, and recording ICs, as well as hardware and software tools; and accessory ICs, including motor drivers, audio amplifiers, ADC and microphone inputs, and wireless power transfer products.

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Its products are primarily used in consumer products, such as sound equipment, personal electronics, home appliances, toys, gifts, and interactive consumer items. The company was founded in 1992 and is headquartered in Hsinchu City, Taiwan.

Stock analysis

Alpha Microelectronics (8024) currently trades at 10.90 TWD, while our model-based Fair Value estimate is 6.30 TWD, 42% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: 4.16 TWD (bear) to 7.87 TWD (bull), the price of 10.90 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 44/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Alpha Microelectronics reported revenue of 154M TWD in FY2025 versus 536M TWD in FY2021, a compound −26.8%/yr. Reported net income was −115M TWD in FY2025.

Key figures

Market cap 492M TWD (≈ $15.0M) Micro · P/S ratio 3.19 · EPS (TTM) −1.90 TWD · Net margin −51.3% · Return on equity −19.9% · Return on assets (EBIT) −5.7% (5-year average) · Operating margin −17.9% · Revenue (TTM) 168M TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).

What moves the price

The share trades about 38% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −42%, 8024 screens richer than that median.

Fair Value models

Bear 4.16 TWD Fair Value 6.30 TWD Bull 7.87 TWD
Price 10.90 TWD · Downside -42.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham) 4.16 TWD 6.30 TWD 7.87 TWD 52
All 1 models by family
Asset-Based
NCAV (Graham) 4.16 TWD 6.30 TWD 7.87 TWD 52

Open the full fair value analysis →

Quality Score breakdown

Overall quality 44/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 5
How much profit the company makes from its sales and capital
Quality Growth 5
Are margins and returns getting better?
Cashflow 1
Do the profits arrive as real cash?
Financial strength 94
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 74
How calm the share price moves, does not count
Price momentum 23
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 11
Distance to the 52-week high, does not count
New shares 86
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−31.4%
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.
−29.9%
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.
−18.9%
Start year 2020 (pandemic)
Revenue growth 8 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.
−15.3%
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.
−6.4% (2020) → −73.9% (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
not computed

8024 screens overvalued: fair value 42% below the price. Compare with NVIDIA Corporation →

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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 · 369 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 44 · Below median
Fair Value upside −40.0% · Below median
Profitability
Return on assets −25.2% · Bottom 25%
Net margin (12 months) −51.3% · Bottom 25%
Operating margin (12 months) −17.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 48.0% · Top 25%

Valuation Multiplesvs Semiconductors median · lower = cheaper

P/B 1.12× · Cheapest 25%
P/S (12 months) 2.83× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 100
PAST (return on equity)0 · sector 28
HEALTH (low debt)0 · sector 96
DIVIDEND (yield)0 · sector 21

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
SK hynix Inc 000660 1,132,000 KRW 1,501,896 KRW +33% vs 8024
Taiwan Semiconductor Manufacturing Company TSM $375.44 $412.98 +10% vs 8024
NVIDIA Corporation NVDA $186.64 $198.56 +6% vs 8024
Broadcom Inc AVGO $293.69 $300.84 +2% vs 8024
Intel Corporation INTC $56.28 $52.14 −7% vs 8024
Micron Technology, Inc MU $690.00 $619.48 −10% vs 8024
Analog Devices, Inc ADI $363.56 $262.04 −28% vs 8024
Marvell Technology, Inc MRVL $141.20 $87.64 −38% vs 8024
Advanced Micro Devices, Inc AMD $449.04 $148.02 −67% vs 8024
Texas Instruments Incorporated TXN $277.36 $81.25 −71% vs 8024

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Alpha Microelectronics: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Alpha Microelectronics Fair Value". https://www.fairvalue-calculator.com/stock/8024

Frequently asked questions

Is Alpha Microelectronics (8024) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 6.30 TWD versus a price of 10.90 TWD, about 42% lower (overvalued).
What is the fair value of 8024?
Our model-based fair value for Alpha Microelectronics is 6.30 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 10.90 TWD.
What is the quality score of 8024?
Alpha Microelectronics has a Quality Score of 44/100. 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 Alpha Microelectronics (8024)?
Our model-based price target is the fair value of 6.30 TWD (as of Nov 3, 2026) from 1 valuation models. Cautious scenario 4.16 TWD, optimistic scenario 7.87 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Alpha Microelectronics stock forecast for 2026?
Our models put fair value at 6.30 TWD, about 42% lower versus a price of 10.90 TWD (overvalued). Cautious scenario 4.16 TWD, optimistic scenario 7.87 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Alpha Microelectronics (8024)?
Alpha Microelectronics reported trailing-twelve-month revenue of about 168M TWD (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of Alpha Microelectronics (8024)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Alpha Microelectronics it is 6.30 TWD per share (as of Nov 3, 2026), against a price of 10.90 TWD. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Alpha Microelectronics stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 8024 trades above its calculated fair value: price 10.90 TWD, fair value 6.30 TWD, a gap of about −42% (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 8024?
No. The price is what the market pays today (10.90 TWD); the fair value is what the company's own numbers justify (6.30 TWD). For Alpha Microelectronics the two are 4.60 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Alpha Microelectronics worth?
The market values Alpha Microelectronics at about 492M TWD (market capitalisation, as of Nov 3, 2026). Per share that is 10.90 TWD; our models calculate a fair value of 6.30 TWD per share.
What do the bullish and bearish scenarios say about 8024?
Our models span a range for Alpha Microelectronics: cautious scenario 4.16 TWD, base 6.30 TWD, optimistic 7.87 TWD per share (as of Nov 3, 2026, price 10.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Alpha Microelectronics (8024)?
Balance-sheet figures for Alpha Microelectronics (as of Nov 3, 2026): return on equity −19.9%. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 8024 from its 52-week high?
Alpha Microelectronics trades at 10.90 TWD, about 38% below its 52-week high of 17.45 TWD and 4% above the low of 10.50 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 6.30 TWD is for.
Which stocks are comparable to Alpha Microelectronics?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, 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 Alpha Microelectronics stock attractive at the current price?
The data as of Nov 3, 2026: price 10.90 TWD, calculated fair value 6.30 TWD (−42%), Quality Score 44/100, from 1 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 8024 calculated?
We run Alpha Microelectronics through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 6.30 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Alpha Microelectronics 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 Alpha Microelectronics (8024)?
The closing price on Nov 9, 2026 was 10.90 TWD. Our model-based fair value is 6.30 TWD, about 42% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Alpha Microelectronics right now?
The price sits above even our optimistic bull case (7.87 TWD). The favourable scenario is already priced in. Weak quality (44/100) 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. A fairly wide model range (4.16 TWD to 7.87 TWD) leaves room in how you read the outcome.

Key figures of Alpha Microelectronics

How large is the market capitalisation of Alpha Microelectronics (8024)?
The market capitalisation of Alpha Microelectronics is 492M TWD (≈ $15.0M). 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 Alpha Microelectronics (8024)?
The price-to-sales ratio of Alpha Microelectronics is 3.19 (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 Alpha Microelectronics (8024)?
Earnings per share at Alpha Microelectronics are −1.90 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Alpha Microelectronics (8024)?
The net margin of Alpha Microelectronics is −51.3% (last twelve months). 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 Alpha Microelectronics (8024)?
The return on equity (ROE) of Alpha Microelectronics is −19.9% (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 Alpha Microelectronics (8024)?
On an EBIT basis the return on assets of Alpha Microelectronics is −5.7% (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 Alpha Microelectronics (8024)?
The operating margin of Alpha Microelectronics is −17.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Alpha Microelectronics (8024)?
Revenue at Alpha Microelectronics is growing +48.0% versus a year earlier (3y avg −29.9%). 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 Alpha Microelectronics (8024)?
Earnings per share at Alpha Microelectronics are growing +92.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Alpha Microelectronics (8024) generate?
The free cash flow of Alpha Microelectronics is −63.6M 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 Alpha Microelectronics (8024) hold?
Alpha Microelectronics holds more cash than debt, 216M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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