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IBASE Technology Inc (8050) Fair Value & Analysis

Technology · TW · Market cap 12.1B TWD

IT IBASE Technology Inc 8050 · TWO
Price68.40 TWD
Fair Value17.99 TWD
Upside-73.7%
Quality50/100
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Expensive Growth
Thin margins · 4.1% net margin
Low debt · generates free cash flow
Trails peers (2/14)
Narrow moat 26/100
Evidence: Medium Range 13.49 TWD – 22.49 TWD Share as image

Fair value as of: Jul 22, 2026

From 18 valuation models · updated 19 days ago

Share price +17.5% over the past month.

A solid business, but screening 74% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (22.49 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

97.34 TWD 27.95 TWD Fair Value 17.99 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 27.95 TWD – 97.34 TWD · fair‑value band 13.49 TWD – 22.49 TWD · the 68.40 TWD price screens above the 17.99 TWD fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

IBASE Technology Inc (8050) currently trades at 68.40 TWD, while our model-based Fair Value estimate is 17.99 TWD, implying the stock looks roughly 73.7% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, IBASE Technology Inc generated revenue of 5.0B TWD at a net margin of 4.1%. Revenue declined 20.6% year over year. Net debt stands at 1.9B TWD. The stock trades on a trailing P/E of 41.2. Fundamentals as of Jul 22, 2026

Our scenario range runs from 13.49 TWD (bear case) to 22.49 TWD (bull case); at 68.40 TWD, the current price sits above 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 near its 52-week high and 75% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -74%, 8050 screens richer 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (0.7400 TWD to 29.73 TWD). Read the values as a conservative anchor, not as a price target.
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 26.42 TWD 25.99 TWD 22.22 TWD 76
Gordon GGM 20.59 TWD 29.73 TWD 39.20 TWD 70
Growth-Adj P/E 11.55 TWD 16.50 TWD 21.45 TWD 68
All 18 models by family
DCF Models
Owner Earnings 3.20 TWD 5.62 TWD 9.19 TWD 31
5Y Revenue Exit 0.3500 TWD 39
5Y EBITDA Exit 5.03 TWD 10.65 TWD 17.13 TWD 41
5Y P/E Exit 6.14 TWD 12.60 TWD 19.19 TWD 38
10Y EBITDA Exit 2.33 TWD 6.49 TWD 11.59 TWD 37
10Y P/E Exit 3.02 TWD 7.79 TWD 13.04 TWD 35
Earnings-Based
Graham-Dodd 7.20 TWD 14.49 TWD 18.22 TWD 54
Dividend Discount
Gordon GGM 20.59 TWD 29.73 TWD 39.20 TWD 70
DDM Multi-Stage 20.59 TWD 29.03 TWD 38.81 TWD 61
Multiples
P/E Multiple 15.87 TWD 21.17 TWD 26.46 TWD 63
P/S Multiple 13.49 TWD 17.99 TWD 22.49 TWD 58
P/B Multiple 13.49 TWD 17.99 TWD 22.49 TWD 55
EV/EBIT 0.7400 TWD 1.64 TWD 53
EV/EBITDA 10.98 TWD 15.59 TWD 20.20 TWD 54
EV/Revenue 0.5200 TWD 43
Asset-Based
NCAV (Graham) 18.11 TWD 24.27 TWD 36.22 TWD 50
Economic Profit
Residual Income 26.42 TWD 25.99 TWD 22.22 TWD 76
Growth Earnings
Growth-Adj P/E 11.55 TWD 16.50 TWD 21.45 TWD 68

Widest divergence: Dividend Discount (29.03 TWD) versus DCF Models (7.79 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 5.0B TWD
Revenue growth (YoY) -20.6%
Net margin 4.1%
Return on equity 0.0%
Free cash flow 15.7M TWD FY2025
P/E ratio 43.2
More key figures
Operating margin 1.0%
EPS (TTM) 1.40 TWD
EPS growth (YoY) -5.3%
Net debt 1.9B TWD FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 49 · Market factors (momentum, volatility) 76

Profitability 24
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 75
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 66
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

IBASE Technology Inc. designs, manufactures, packages, tests, and sells industrial PCs in Taiwan and internationally. The company offers x86- and RISC-based industrial motherboards, single board computers, embedded fanless systems, edge computers, panel PCs, digital signage players, and network appliances for applications in the AIoT, industrial automation, …

Full company description

IBASE Technology Inc. designs, manufactures, packages, tests, and sells industrial PCs in Taiwan and internationally. The company offers x86- and RISC-based industrial motherboards, single board computers, embedded fanless systems, edge computers, panel PCs, digital signage players, and network appliances for applications in the AIoT, industrial automation, smart retail, intelligent transportation, networking and communication, and medical sectors. It also provides original design manufacturing; joint design manufacturing; and design-in services, including hardware/software design, manufacturing, validation, and after-sales services, as well as outdoor panel PC and tablet. The company was incorporated in 2000 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

IBASE Technology Inc reported revenue of 5.4B TWD in FY2025 versus 5.7B TWD in FY2021, a compound −1.6%/yr. Reported net income was 211M TWD in FY2025, compounding −9.4%/yr from FY2021.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
5.4B TWD
Latest YoY
+3.4%
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.
−7.5%
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.
+4.5%
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.
+2.3%
Revenue −1.6%/yr
FY21 5.7B TWD
FY22 6.8B TWD
FY23 6.0B TWD
FY24 5.2B TWD
FY25 5.4B TWD
Net income −9.4%/yr
FY21 313M TWD
FY22 1.1B TWD
FY23 716M TWD
FY24 588M TWD
FY25 211M TWD

8050 screens 74% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "IBASE Technology Inc Fair Value". https://www.fairvalue-calculator.com/stock/8050

Peer Group

Computer Hardware · 215 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 50 · Below median
Fair Value upside −74% · Bottom 25%
Return on equity (TTM) 0% · Below median
Return on assets -0% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 1% · Below median
Revenue growth -21% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 43.2× · Pricier than median
P/B 1.67× · Cheaper than median
P/S (TTM) 2.39× · Pricier than median
P/FCF 23.9× · Pricier than 75% of peers
EV/EBITDA 92.6× · Pricier 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 0 · sector 0
FUTURE 0 · sector 57
PAST 0 · sector 26
HEALTH 89 · sector 97
DIVIDEND 0 · sector 44

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

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is IBASE Technology Inc (8050) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 17.99 TWD versus a price of 68.40 TWD, about −74% (overvalued).
What is the fair value of 8050?
Our model-based fair value for IBASE Technology Inc is 17.99 TWD (as of Jul 22, 2026), built from audited fundamentals. The current price is 68.40 TWD.
What is the quality score of 8050?
IBASE Technology Inc has a Quality Score of 50/100. 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 IBASE Technology Inc (8050)?
IBASE Technology Inc reported trailing-twelve-month revenue of about 5.0B TWD (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 8050?
The net profit margin of IBASE Technology Inc is about 4.1%, meaning it keeps roughly 4.1% 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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