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OPNET Technologies Co (8034) Fair Value & Analysis

Technology · TW · Market cap 1.1B TWD

OT OPNET Technologies Co 8034 · TWO
Price19.10 TWD
Fair Value27.16 TWD
Upside+42.2%
Quality84/100
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Healthy Growth
Solidly profitable · 16.0% net margin
generates free cash flow
6.03% dividend yield
Ranks above peers (11/13)
Moderate moat 47/100
Evidence: High Range 21.03 TWD – 33.29 TWD Share as image

Fair value as of: Jul 23, 2026

From 23 valuation models · updated 18 days ago

Share price −9.7% over the past month.

A strong business, screening 42% undervalued on our models.

What matters now

  • The rarer combination: high quality (84/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (21.03 TWD). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

33.60 TWD 11.84 TWD Fair Value 27.16 TWD Mar 2021 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

60‑month range 11.84 TWD – 33.60 TWD · fair‑value band 21.03 TWD – 33.29 TWD · the 19.10 TWD price screens below the 27.16 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

OPNET Technologies Co (8034) currently trades at 19.10 TWD, while our model-based Fair Value estimate is 27.16 TWD, implying the stock looks roughly 42.2% undervalued today. The Quality Score stands at 84/100 (high quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, OPNET Technologies Co generated revenue of 489M TWD at a net margin of 16.4%. Revenue declined 43.5% year over year. It earns a return on equity of 11.4%. The balance sheet holds a net cash position of 148M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 21.03 TWD (bear case) to 33.29 TWD (bull case); at 19.10 TWD, the current price sits below 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 37% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at 42%, 8034 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
Residual Income 10.90 TWD 12.06 TWD 17.01 TWD 76
Growth DCF 62.10 TWD 92.39 TWD 133.66 TWD 72
Growth-Adj P/E 16.03 TWD 22.91 TWD 29.78 TWD 68
All 23 models by family
DCF Models
FCF DCF 62.37 TWD 95.37 TWD 142.51 TWD 38
Owner Earnings 17.40 TWD 25.63 TWD 37.38 TWD 31
5Y Revenue Exit 34.55 TWD 46.64 TWD 61.21 TWD 39
5Y EBITDA Exit 35.70 TWD 48.91 TWD 63.81 TWD 41
5Y P/E Exit 37.33 TWD 52.10 TWD 67.56 TWD 38
10Y Revenue Exit 44.64 TWD 58.46 TWD 76.19 TWD 36
10Y EBITDA Exit 45.74 TWD 59.94 TWD 78.08 TWD 37
10Y P/E Exit 46.70 TWD 62.02 TWD 80.81 TWD 35
Earnings-Based
Graham-Dodd 9.68 TWD 37.43 TWD 50.75 TWD 54
Lynch FV 9.16 TWD 13.09 TWD 17.02 TWD 50
PEG = 1.0 9.16 TWD 13.09 TWD 17.02 TWD 46
EPV 13.02 TWD 14.46 TWD 15.66 TWD 59
Multiples
P/E Multiple 21.35 TWD 28.46 TWD 35.58 TWD 63
P/S Multiple 16.30 TWD 21.73 TWD 27.16 TWD 58
P/B Multiple 18.14 TWD 24.19 TWD 30.24 TWD 55
EV/EBIT 25.67 TWD 33.40 TWD 41.14 TWD 53
EV/EBITDA 20.86 TWD 26.99 TWD 33.12 TWD 54
EV/Revenue 17.67 TWD 24.19 TWD 30.71 TWD 43
Asset-Based
NCAV (Graham) 6.40 TWD 8.58 TWD 12.81 TWD 50
Growth DCF
Growth DCF 62.10 TWD 92.39 TWD 133.66 TWD 72
Economic Profit
Residual Income 10.90 TWD 12.06 TWD 17.01 TWD 76
ROIC Compounder 13.09 TWD 15.52 TWD 18.60 TWD 67
Growth Earnings
Growth-Adj P/E 16.03 TWD 22.91 TWD 29.78 TWD 68

Widest divergence: Growth DCF (92.39 TWD) versus Asset-Based (8.58 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 489M TWD
Revenue growth (YoY) -43.5%
Net margin 16.4%
Return on equity 11.4%
Free cash flow 338M TWD FY2025
P/E ratio 16.6
More key figures
Operating margin 17.0%
EPS (TTM) 1.41 TWD
EPS growth (YoY) -53.3%
Net cash 148M TWD FY2023

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

Quality Score breakdown

Overall quality 84/100

Of which business quality 83 · Market factors (momentum, volatility) 35

Profitability 52
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 90
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

OPNET Technologies Co., Ltd. designs, manufactures, and markets telecommunication network access and optical transport equipment in Taiwan, Turkey, and internationally. It operates through Access Network and Broadband Equipment, Transmission Equipment, and Other segments.

Full company description

OPNET Technologies Co., Ltd. designs, manufactures, and markets telecommunication network access and optical transport equipment in Taiwan, Turkey, and internationally. It operates through Access Network and Broadband Equipment, Transmission Equipment, and Other segments. The company engages in research, development, production, manufacturing, and sales of fiber optic broadband user access network systems, synchronous and asynchronous digital transmission multiplexers, high-speed, asymmetric and symmetric digital user loop systems, broadband modems, routers and access systems, broadband wireless communication equipment, digital data and voice integrated access equipment, fiber optic communication systems, and the system planning, construction, and after-sales service. It also offers access network products, transmission network products, enterprise network, distribution network, and fiber optic sensor solution. It serves incumbent fixed-network operators, mobile operators, cable TV operators, utility companies, enterprises, and military entities. The company also exports its products. OPNET Technologies Co., Ltd. was founded in 1991 and is headquartered in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

OPNET Technologies Co reported revenue of 489M TWD in FY2025 versus 526M TWD in FY2021, a compound −1.8%/yr. Reported net income was 80.0M TWD in FY2025, compounding +0.0%/yr from FY2021.

Growth Quality 84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
489M TWD
Latest YoY
+15.1%
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.
+0.5%
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.
+9.1%
Avg. growth/yr (8Y) 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.
+7.7%
Revenue −1.8%/yr
FY21 526M TWD
FY22 482M TWD
FY23 676M TWD
FY24 424M TWD
FY25 489M TWD
Net income +0.0%/yr
FY21 79.9M TWD
FY22 40.9M TWD
FY23 94.1M TWD
FY24 60.4M TWD
FY25 80.0M TWD

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Cite: Fair Value Calculator (2026). "OPNET Technologies Co Fair Value". https://www.fairvalue-calculator.com/stock/8034

Peer Group

Communication Equipment · 286 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 84 · Top 25%
Fair Value upside +42% · Top 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) -4% · Bottom 25%
Revenue growth 30% · Top 25%
Dividend yield (TTM) 6.0% · Top 25%

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 14.0× · Cheaper than 75% of peers
P/B 1.55× · Cheaper than median
P/S (TTM) 2.23× · Pricier than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 10.0× · Cheaper than 75% of peers

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 90 · sector 0
FUTURE 100 · sector 30
PAST 46 · sector 15
HEALTH 0 · sector 98
DIVIDEND 100 · sector 25

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

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is OPNET Technologies Co (8034) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 27.16 TWD versus a price of 19.10 TWD, about +42% (undervalued).
What is the fair value of 8034?
Our model-based fair value for OPNET Technologies Co is 27.16 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 19.10 TWD.
What is the quality score of 8034?
OPNET Technologies Co has a Quality Score of 84/100. 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 OPNET Technologies Co (8034)?
OPNET Technologies Co reported trailing-twelve-month revenue of about 489M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 8034?
The net profit margin of OPNET Technologies Co is about 16.4%, meaning it keeps roughly 16.4% of revenue as net income. 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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