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Ampire Co (8049) Fair Value & Analysis

Technology · TW · Market cap 3.1B TWD

AC Ampire Co 8049 · TWO
Price26.55 TWD
Fair Value29.18 TWD
Upside+9.9%
Quality71/100
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Weak Growth
Solidly profitable · 15.8% net margin
generates free cash flow
5.35% dividend yield
Ranks above peers (11/13)
Moderate moat 56/100
Evidence: High Range 22.15 TWD – 36.47 TWD Share as image

Fair value as of: Jul 23, 2026

From 22 valuation models · updated 18 days ago

Share price −0.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 22.15 TWD (bear) to 36.47 TWD (bull), base 29.18 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 71/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

42.65 TWD 17.04 TWD Fair Value 29.18 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 17.04 TWD – 42.65 TWD · fair‑value band 22.15 TWD – 36.47 TWD · the 26.55 TWD price screens below the 29.18 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Ampire Co (8049) currently trades at 26.55 TWD, while our model-based Fair Value estimate is 29.18 TWD, implying the stock looks roughly 9.9% fairly valued today. The Quality Score stands at 71/100 (solid 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, Ampire Co generated revenue of 1.3B TWD at a net margin of 15.8%. Revenue declined 12.1% year over year. It earns a return on equity of 8.8%. The stock trades on a trailing P/E of 15.5. Fundamentals as of Jul 23, 2026

Our scenario range runs from 22.15 TWD (bear case) to 36.47 TWD (bull case); at 26.55 TWD, the current price sits within 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 12% below its 52-week high and 8% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 10%, 8049 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 16.76 TWD 18.03 TWD 20.97 TWD 76
Growth DCF 24.25 TWD 31.80 TWD 44.30 TWD 72
Growth-Adj P/E 18.21 TWD 26.02 TWD 33.83 TWD 68
All 22 models by family
DCF Models
FCF DCF 23.34 TWD 31.18 TWD 45.23 TWD 38
Owner Earnings 20.60 TWD 27.44 TWD 39.69 TWD 31
5Y Revenue Exit 18.99 TWD 25.80 TWD 35.67 TWD 39
5Y EBITDA Exit 20.87 TWD 29.06 TWD 39.90 TWD 41
5Y P/E Exit 23.72 TWD 33.98 TWD 46.25 TWD 38
10Y Revenue Exit 20.21 TWD 25.36 TWD 30.77 TWD 36
10Y EBITDA Exit 21.72 TWD 27.33 TWD 33.20 TWD 37
10Y P/E Exit 23.41 TWD 30.30 TWD 36.84 TWD 35
Earnings-Based
Graham-Dodd 11.67 TWD 14.26 TWD 16.05 TWD 54
EPV 11.84 TWD 13.40 TWD 14.75 TWD 59
Multiples
P/E Multiple 25.75 TWD 34.33 TWD 42.91 TWD 63
P/S Multiple 20.77 TWD 27.70 TWD 34.62 TWD 58
P/B Multiple 21.88 TWD 29.18 TWD 36.47 TWD 55
EV/EBIT 24.85 TWD 32.49 TWD 40.13 TWD 53
EV/EBITDA 22.15 TWD 28.89 TWD 35.62 TWD 54
EV/Revenue 17.38 TWD 24.00 TWD 30.62 TWD 43
Asset-Based
NCAV (Graham) 10.07 TWD 13.50 TWD 20.15 TWD 50
Growth DCF
Growth DCF 24.25 TWD 31.80 TWD 44.30 TWD 72
Rev-Margin DCF 18.99 TWD 26.32 TWD 35.41 TWD 67
Economic Profit
Residual Income 16.76 TWD 18.03 TWD 20.97 TWD 76
ROIC Compounder 11.84 TWD 13.40 TWD 14.75 TWD 67
Growth Earnings
Growth-Adj P/E 18.21 TWD 26.02 TWD 33.83 TWD 68

Widest divergence: Multiples (28.89 TWD) versus Earnings-Based (13.40 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.3B TWD
Revenue growth (YoY) -12.1%
Net margin 15.8%
Return on equity 8.8%
Free cash flow 274M TWD FY2025
P/E ratio 15.5
More key figures
Operating margin 17.5%
EPS (TTM) 1.70 TWD
Dividend yield 5.4%
EPS growth (YoY) -3.4%

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

Quality Score breakdown

Overall quality 71/100

Of which business quality 69 · Market factors (momentum, volatility) 56

Profitability 43
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 98
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 82
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

Ampire Co., Ltd. manufactures and sells liquid crystal display (LCD) modules for industrial applications in the Oceania, Taiwan, Asia, Africa, the Americas, and Europe. The company offers TFT and UART modules, and touch panels, as well as graphic, character, and amoled frame products.

Full company description

Ampire Co., Ltd. manufactures and sells liquid crystal display (LCD) modules for industrial applications in the Oceania, Taiwan, Asia, Africa, the Americas, and Europe. The company offers TFT and UART modules, and touch panels, as well as graphic, character, and amoled frame products. It also engages in the manufacture and sale of data storage and processing equipment, electronic components, and other electrical and electronic machinery and equipment; and retail of clerical machinery equipment, and other mechanical appliances comprising LCD monitors, LCD modules, and touch screens. Ampire Co., Ltd. was founded in 1998 and is based in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ampire Co reported revenue of 1.3B TWD in FY2025 versus 2.0B TWD in FY2021, a compound −10.3%/yr. Reported net income was 203M TWD in FY2025, compounding −10.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.3B TWD
Latest YoY
−0.9%
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.
−18.5%
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.
−5.9%
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.
−3.8%
Revenue −10.3%/yr
FY21 2.0B TWD
FY22 2.4B TWD
FY23 2.1B TWD
FY24 1.3B TWD
FY25 1.3B TWD
Net income −10.0%/yr
FY21 309M TWD
FY22 452M TWD
FY23 401M TWD
FY24 296M TWD
FY25 203M TWD

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Cite: Fair Value Calculator (2026). "Ampire Co Fair Value". https://www.fairvalue-calculator.com/stock/8049

Peer Group

Electronic Components · 625 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 71 · Top 25%
Fair Value upside +10% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 5.4% · Top 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 15.2× · Cheaper than 75% of peers
P/B 1.29× · Cheaper than median
P/S (TTM) 2.41× · Pricier than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 12.9× · 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 47 · sector 0
FUTURE 0 · sector 32
PAST 35 · sector 24
HEALTH 0 · sector 95
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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Ampire Co (8049) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 29.18 TWD versus a price of 26.55 TWD, about +10% (fairly valued).
What is the fair value of 8049?
Our model-based fair value for Ampire Co is 29.18 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 26.55 TWD.
What is the quality score of 8049?
Ampire Co has a Quality Score of 71/100. 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 Ampire Co (8049)?
Ampire Co reported trailing-twelve-month revenue of about 1.3B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 8049?
The net profit margin of Ampire Co is about 15.8%, meaning it keeps roughly 15.8% of revenue as net income. Based on the latest reported figures.
Does Ampire Co pay a dividend?
Ampire Co currently shows a dividend yield of about 5.35% relative to its recent price (as of Jul 23, 2026).

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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