Feedback Technology (8091) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Feedback Technology stock TWD 115, price TWD 169, that is 31.7% below the price, quality 57 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 49.69 TWD – 295.00 TWD · fair‑value band 75.44 TWD – 165.61 TWD · the 168.50 TWD price screens above the 115.04 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Feedback Technology Corp. manufactures, processes, and sells components for semiconductor, LCD, LED, medical, and aerospace industries in Taiwan. The company offers high precision machining, such as ion implanter, silicon/quartz, and stainless steel/AI parts.
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It also provides integration services, including zone controller box, cryo pump repair and e-chuck repair/overhaul, HOT N2 heater system, mechatronics engineering service, PTFE heating jacket, silicon rubber heating jacket, touch panel controller box, and turbo pump repair/overhaul.
In addition, the company offers helium leak detectors, MV multi-traps, pureron gas filters, SiC coated susceptors, and silicon boats for vertical furnace; and electroless nickel plating, optical coating, and anodizing products. The company was founded in 1991 and is based in Hsinchu City, Taiwan.
Stock analysis
Feedback Technology (8091) currently trades at 168.50 TWD, while our model-based Fair Value estimate is 115.04 TWD, 32% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 140.74 TWD per share, and 3 of the 26 models we run sit above the 168.50 TWD price.
Bear case: the Asset-Based group reads lowest at 22.76 TWD, and 23 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 75.44 TWD (bear) to 165.61 TWD (bull), the price of 168.50 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 57/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Feedback Technology reported revenue of 2.1B TWD in FY2025 versus 1.6B TWD in FY2021, a compound +7.1%/yr. Reported net income was 305M TWD in FY2025, compounding +3.4%/yr from FY2021.
Key figures
Market cap 9.0B TWD (≈ $275M) Micro · P/E ratio 18.1 · P/S ratio 3.40 · EPS (TTM) 9.32 TWD · Dividend yield 2.7% · Net margin 19.3% · Return on equity 13.5% · Return on assets (EBIT) 9.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 57% 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 −32%, 8091 screens richer than that median.
Fair Value models
Bear75.44 TWDFair Value 115.04 TWDBull165.61 TWD
Price 168.50 TWD · Downside -31.7%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (4.13 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. 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.
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.77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.8%
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.
+2.3%
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.
+10.2%
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.
+1.7%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +10.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +8.1%
Dividend (yield on the price)2.7%
Profit margin 2020 to 2025 ⓘ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.18% → 18%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 3.92 per share, median 7.91 in 2017 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+40.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +38.4% a year for the price.
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 · 370 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−31.7% · Above median
Profitability
Return on equity (12 months)13.5% · Above median
Return on assets6.1% · Above median
Net margin (12 months)19.3% · Above median
Operating margin (12 months)24.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)61.5% · Top 25%
Dividend yield (12 months)2.7% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Semiconductors median · lower = cheaper
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). "Feedback Technology Fair Value". https://www.fairvalue-calculator.com/stock/8091
Frequently asked questions
Is Feedback Technology (8091) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 115.04 TWD versus a price of 168.50 TWD, about 32% lower (overvalued).
What is the fair value of 8091?
Our model-based fair value for Feedback Technology is 115.04 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 168.50 TWD.
What is the quality score of 8091?
Feedback Technology has a Quality Score of 57/100. 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 Feedback Technology (8091)?
Our model-based price target is the fair value of 115.04 TWD (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 75.44 TWD, optimistic scenario 165.61 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Feedback Technology stock forecast for 2026?
Our models put fair value at 115.04 TWD, about 32% lower versus a price of 168.50 TWD (overvalued). Cautious scenario 75.44 TWD, optimistic scenario 165.61 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Feedback Technology (8091)?
Feedback Technology reported trailing-twelve-month revenue of about 2.7B TWD (latest available figure, as of Nov 5, 2026).
Does Feedback Technology pay a dividend?
Feedback Technology currently shows a dividend yield of 2.67% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Feedback Technology (8091) and when is the ex-dividend date?
Feedback Technology pays a dividend of 4.50 TWD per share a year, a dividend yield of 2.7%. The last ex-dividend date was Jun 16, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 48.3% of earnings. Free cash flow covers the dividend 0.49 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Feedback Technology (8091)?
For today's price to be fair in a discounted-cash-flow model, Feedback Technology would have to grow free cash flow by +40.6 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.2 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 8091 use?
Our models discount Feedback Technology at 11.9 %: a base by market capitalisation (small), damped by beta 1.03, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Feedback Technology that is +40.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Feedback Technology (8091) delivered so far?
Over the past 5 years revenue at Feedback Technology grew +10.2 % a year. The price currently implies free-cash-flow growth of +40.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Feedback Technology (8091) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Feedback Technology (+40.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Feedback Technology (8091)?
The free-cash-flow yield on the price is 1.34 %: that much free cash flow Feedback Technology produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Feedback Technology (8091)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Feedback Technology it is 115.04 TWD per share (as of Nov 5, 2026), against a price of 168.50 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Feedback Technology stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 8091 trades above its calculated fair value: price 168.50 TWD, fair value 115.04 TWD, a gap of about −32% (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 8091?
No. The price is what the market pays today (168.50 TWD); the fair value is what the company's own numbers justify (115.04 TWD). For Feedback Technology the two are 53.46 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Feedback Technology worth?
The market values Feedback Technology at about 9.0B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 168.50 TWD; our models calculate a fair value of 115.04 TWD per share.
What do the bullish and bearish scenarios say about 8091?
Our models span a range for Feedback Technology: cautious scenario 75.44 TWD, base 115.04 TWD, optimistic 165.61 TWD per share (as of Nov 5, 2026, price 168.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8091?
Feedback Technology trades at a price-to-earnings ratio of 18.1 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 115.04 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 16.1. Other multiples: P/B 2.5, P/S 3.4, EV/EBITDA 10.4.
How solid is the balance sheet of Feedback Technology (8091)?
Balance-sheet figures for Feedback Technology (as of Nov 5, 2026): return on equity 13.5%, debt of 0.04 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 8091 from its 52-week high?
Feedback Technology trades at 168.50 TWD, about 43% below its 52-week high of 295.00 TWD and 57% above the low of 107.50 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 115.04 TWD is for.
Which stocks are comparable to Feedback Technology?
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 Feedback Technology stock attractive at the current price?
The data as of Nov 5, 2026: price 168.50 TWD, calculated fair value 115.04 TWD (−32%), Quality Score 57/100, from 26 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 8091 calculated?
We run Feedback Technology through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 115.04 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. Feedback Technology 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 Feedback Technology (8091)?
The closing price on Nov 9, 2026 was 168.50 TWD. Our model-based fair value is 115.04 TWD, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Feedback Technology right now?
Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (75.44 TWD to 165.61 TWD) leaves room in how you read the outcome.
Key figures of Feedback Technology
How large is the market capitalisation of Feedback Technology (8091)?
The market capitalisation of Feedback Technology is 9.0B TWD (≈ $275M). 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 Feedback Technology (8091)?
The price-to-sales ratio of Feedback Technology is 3.40 (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 Feedback Technology (8091)?
Earnings per share at Feedback Technology are 9.32 TWD (price ÷ EPS = P/E 18.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Feedback Technology (8091)?
The dividend yield of Feedback Technology is 2.7% (payout 48.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Feedback Technology (8091)?
The net margin of Feedback Technology is 19.3% (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 Feedback Technology (8091)?
The return on equity (ROE) of Feedback Technology is 13.5% (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 Feedback Technology (8091)?
On an EBIT basis the return on assets of Feedback Technology is 9.1% (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 Feedback Technology (8091)?
The operating margin of Feedback Technology is 24.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Feedback Technology (8091)?
Revenue at Feedback Technology is growing +61.5% versus a year earlier (3y avg +2.3%). 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 Feedback Technology (8091)?
Earnings per share at Feedback Technology are growing +348% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Feedback Technology (8091) hold?
Feedback Technology holds more cash than debt, 281M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 5, 2026