IC Plus Corp. (8040) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of IC Plus Corp. TWD 22.07, price TWD 91.10, upside -75.8%, quality 38 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
60‑month range 34.08 TWD – 125.00 TWD · fair‑value band 14.56 TWD – 27.58 TWD · the 91.10 TWD price screens above the 22.07 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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IC Plus Corp. engages in the research, development, manufacturing, sale, import, and export of integrated circuits in Taiwan, China, and internationally. The company offers PHY transceivers, PoE PSE controllers, media converters, and ethernet switches; and technical support and services.
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IC Plus Corp. engages in the research, development, manufacturing, sale, import, and export of integrated circuits in Taiwan, China, and internationally. The company offers PHY transceivers, PoE PSE controllers, media converters, and ethernet switches; and technical support and services. Its products are used in surveillance, industrial, smart grid, and small and medium-sized businesses application. The company was founded in 1997 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
IC Plus Corp. (8040) currently trades at 91.10 TWD, while our model-based Fair Value estimate is 22.07 TWD, implying the stock looks roughly 312.7% 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 evidence level at low.
Scenario range: 14.56 TWD (bear) to 27.58 TWD (bull), the price of 91.10 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 38/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
IC Plus Corp. reported revenue of 661M TWD in FY2025 versus 1.1B TWD in FY2021, a compound −12.1%/yr. Reported net income was −58.2M TWD in FY2025.
Key figures
Market cap 8.8B TWD (≈ $276M) · P/E ratio 803.3 · P/S ratio 9.16 · EPS (TTM) 0.0900 TWD · Net margin −8.8% · Return on equity 0.3% · Return on assets (EBIT) 2.1% · Operating margin 7.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 27% below its 52-week high and 102% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at −76%, 8040 screens richer than that median.
Fair Value models
Bear 14.56 TWDFair Value 22.07 TWDBull 27.58 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 (0.0661 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.20/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.7%
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.
−20.2%
’21
’22
’23
’24
’25
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.
8.9% (2021) → −13.3% (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
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.Semiconductors · 340 stocks
Beats the industry median on 1/10 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−76% · Bottom 25%
Profitability
Return on equity (TTM)0% · Below median
Return on assets−1% · Below median
Net margin (TTM)1% · Below median
Operating margin (TTM)7% · Below median
Growth and dividend
Revenue growth40% · Top 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (TTM)803.3× · Priciest 25%
P/B3.59× · Pricier than median
P/S (TTM)11.54× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 64
PAST (return on equity)1· sector 22
HEALTH (low debt)0· sector 95
DIVIDEND (yield)0· sector 19
VALUE 0: the price sits above our fair-value range.
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.
Cite: Fair Value Calculator (2026). "IC Plus Corp. Fair Value". https://www.fairvalue-calculator.com/stock/8040
Frequently asked questions
Is IC Plus Corp. (8040) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 22.07 TWD versus a price of 91.10 TWD, about −76% upside (overvalued).
What is the fair value of 8040?
Our model-based fair value for IC Plus Corp. is 22.07 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 91.10 TWD.
What is the quality score of 8040?
IC Plus Corp. has a Quality Score of 38/100. 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 IC Plus Corp. (8040)?
Our model-based price target is the fair value of 22.07 TWD (as of Sep 24, 2026) from 1 valuation models. Cautious scenario 14.56 TWD, optimistic scenario 27.58 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the IC Plus Corp. stock forecast for 2026?
Our models put fair value at 22.07 TWD, about −76% upside versus a price of 91.10 TWD (overvalued). Cautious scenario 14.56 TWD, optimistic scenario 27.58 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of IC Plus Corp. (8040)?
IC Plus Corp. reported trailing-twelve-month revenue of about 761M TWD (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of IC Plus Corp. (8040)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IC Plus Corp. it is 22.07 TWD per share (as of Sep 24, 2026), against a price of 91.10 TWD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is IC Plus Corp. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 8040 trades above its calculated fair value: price 91.10 TWD, fair value 22.07 TWD, a gap of about −76% (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 8040?
No. The price is what the market pays today (91.10 TWD); the fair value is what the company's own numbers justify (22.07 TWD). For IC Plus Corp. the two are 69.03 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is IC Plus Corp. worth?
The market values IC Plus Corp. at about 8.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 91.10 TWD; our models calculate a fair value of 22.07 TWD per share.
What do the bullish and bearish scenarios say about 8040?
Our models span a range for IC Plus Corp.: cautious scenario 14.56 TWD, base 22.07 TWD, optimistic 27.58 TWD per share (as of Sep 24, 2026, price 91.10 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of IC Plus Corp. (8040)?
Balance-sheet figures for IC Plus Corp. (as of Sep 24, 2026): return on equity 0.3%. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 8040 from its 52-week high?
IC Plus Corp. trades at 91.10 TWD, about 27% below its 52-week high of 125.00 TWD and 102% above the low of 45.20 TWD (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 22.07 TWD is for.
Which stocks are comparable to IC Plus Corp.?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix 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 IC Plus Corp. stock attractive at the current price?
The data as of Sep 24, 2026: price 91.10 TWD, calculated fair value 22.07 TWD (−76%), Quality Score 38/100, 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 8040 calculated?
We run IC Plus Corp. through 1 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 22.07 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 14.1 % above its aggregate fair value. IC Plus Corp. 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 IC Plus Corp. (8040)?
The closing price on Sep 23, 2026 was 91.10 TWD. Our model-based fair value is 22.07 TWD, about −76% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IC Plus Corp. right now?
The price sits above even our optimistic bull case (27.58 TWD). The favourable scenario is already priced in. Weak quality (38/100) 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 (14.56 TWD to 27.58 TWD) leaves room in how you read the outcome.
Key figures of IC Plus Corp.
How large is the market capitalisation of IC Plus Corp. (8040)?
The market capitalisation of IC Plus Corp. is 8.8B TWD (≈ $276M). 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/E ratio of IC Plus Corp. (8040)?
The price-to-earnings ratio of IC Plus Corp. is 803.3 (as of Aug 29, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of IC Plus Corp. (8040)?
The price-to-sales ratio of IC Plus Corp. is 9.16 (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 IC Plus Corp. (8040)?
Earnings per share at IC Plus Corp. are 0.0900 TWD (price ÷ EPS = P/E 803.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of IC Plus Corp. (8040)?
The net margin of IC Plus Corp. is −8.8% (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 IC Plus Corp. (8040)?
The return on equity (ROE) of IC Plus Corp. is 0.3% (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 IC Plus Corp. (8040)?
On an EBIT basis the return on assets of IC Plus Corp. is 2.1% (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 IC Plus Corp. (8040)?
The operating margin of IC Plus Corp. is 7.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IC Plus Corp. (8040)?
Revenue at IC Plus Corp. is growing +39.5% versus a year earlier (3y avg −20.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does IC Plus Corp. (8040) generate?
The free cash flow of IC Plus Corp. is −22.0M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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