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Feedback Technology Corp (8091) Fair Value & Analysis

Technology · TW · Market cap 13.2B TWD

FT Feedback Technology Corp 8091 · TWO
Price239.00 TWD
Fair Value114.37 TWD
Upside-52.2%
Quality56/100
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Mixed Growth
Solidly profitable · 16.1% net margin
Low debt · generates free cash flow
1.74% dividend yield
Ranks above peers (9/14)
Moderate moat 59/100
Evidence: High Range 77.12 TWD – 142.97 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Share price −19.0% over the past month.

A solid business, but screening 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (142.97 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (77.12 TWD to 142.97 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

295.00 TWD 46.40 TWD Fair Value 114.37 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 46.40 TWD – 295.00 TWD · fair‑value band 77.12 TWD – 142.97 TWD · the 239.00 TWD price screens above the 114.37 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

Feedback Technology Corp (8091) currently trades at 239.00 TWD, while our model-based Fair Value estimate is 114.37 TWD, implying the stock looks roughly 52.2% overvalued today. The Quality Score stands at 56/100 (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: high).

Over the trailing twelve months, Feedback Technology Corp generated revenue of 2.3B TWD at a net margin of 16.1%. Revenue grew 38.0% year over year. It earns a return on equity of 10.3%. The balance sheet holds a net cash position of 281M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 77.12 TWD (bear case) to 142.97 TWD (bull case); at 239.00 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 about 15% below its 52-week high and 140% 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 -52%, 8091 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
Growth DCF 52.35 TWD 65.75 TWD 85.24 TWD 80
Residual Income 57.32 TWD 62.10 TWD 73.82 TWD 76
Rev-Margin DCF 76.92 TWD 114.83 TWD 158.96 TWD 74
All 26 models by family
DCF Models
FCF DCF 52.00 TWD 67.35 TWD 91.25 TWD 38
Owner Earnings 47.22 TWD 59.72 TWD 79.20 TWD 31
5Y Revenue Exit 76.92 TWD 115.74 TWD 166.57 TWD 39
5Y EBITDA Exit 93.47 TWD 147.18 TWD 211.27 TWD 41
5Y P/E Exit 85.40 TWD 131.86 TWD 181.67 TWD 38
10Y Revenue Exit 65.68 TWD 99.15 TWD 146.33 TWD 36
10Y EBITDA Exit 78.36 TWD 121.16 TWD 180.95 TWD 37
10Y P/E Exit 73.18 TWD 110.43 TWD 158.02 TWD 35
Earnings-Based
Graham-Dodd 38.89 TWD 130.17 TWD 174.34 TWD 54
Lynch FV 29.58 TWD 42.26 TWD 54.94 TWD 50
PEG = 1.0 29.58 TWD 42.26 TWD 54.94 TWD 46
EPV 81.62 TWD 90.86 TWD 98.95 TWD 59
Dividend Discount
Gordon GGM 72.65 TWD 151.05 TWD 239.63 TWD 70
DDM Multi-Stage 72.65 TWD 124.23 TWD 158.53 TWD 61
Multiples
P/E Multiple 85.78 TWD 114.37 TWD 142.97 TWD 63
P/S Multiple 72.91 TWD 97.22 TWD 121.52 TWD 58
P/B Multiple 72.91 TWD 97.22 TWD 121.52 TWD 55
EV/EBIT 124.93 TWD 157.85 TWD 190.77 TWD 53
EV/EBITDA 125.68 TWD 158.86 TWD 192.03 TWD 54
EV/Revenue 92.74 TWD 121.27 TWD 149.80 TWD 43
Asset-Based
NCAV (Graham) 33.60 TWD 45.02 TWD 67.20 TWD 50
Growth DCF
Growth DCF 52.35 TWD 65.75 TWD 85.24 TWD 80
Rev-Margin DCF 76.92 TWD 114.83 TWD 158.96 TWD 74
Economic Profit
Residual Income 57.32 TWD 62.10 TWD 73.82 TWD 76
ROIC Compounder 85.07 TWD 101.95 TWD 123.00 TWD 72
Growth Earnings
Growth-Adj P/E 73.20 TWD 104.57 TWD 135.94 TWD 68

Widest divergence: Dividend Discount (124.23 TWD) versus Earnings-Based (42.26 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.3B TWD
Revenue growth (YoY) +38.0%
Net margin 16.1%
Return on equity 10.3%
Free cash flow 119M TWD FY2025
P/E ratio 44.8
More key figures
Operating margin 21.8%
EPS (TTM) 5.53 TWD
Dividend yield 1.7%
EPS growth (YoY) +106%
Net cash 281M TWD FY2023

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 75

Profitability 40
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 94
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 55
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

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Feedback Technology Corp 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.

Growth Quality 72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.1B TWD
Latest YoY
+6.8%
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.
+2.3%
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.
+10.2%
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.
+1.7%
Revenue +7.1%/yr
FY21 1.6B TWD
FY22 2.0B TWD
FY23 1.8B TWD
FY24 2.0B TWD
FY25 2.1B TWD
Net income +3.4%/yr
FY21 267M TWD
FY22 444M TWD
FY23 285M TWD
FY24 375M TWD
FY25 305M TWD

8091 screens 52% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Feedback Technology Corp Fair Value". https://www.fairvalue-calculator.com/stock/8091

Peer Group

Semiconductors · 318 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 56 · Below median
Fair Value upside −52% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 16% · Above median
Operating margin (TTM) 22% · Top 25%
Revenue growth 38% · Top 25%
Dividend yield (TTM) 1.7% · Above median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 44.8× · Cheaper than median
P/B 3.68× · Pricier than median
P/S (TTM) 5.70× · Pricier than median
P/FCF 3.4× · Pricier than median
EV/EBITDA 19.2× · 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 0 · sector 0
FUTURE 100 · sector 60
PAST 41 · sector 25
HEALTH 98 · sector 97
DIVIDEND 35 · sector 22

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

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Feedback Technology Corp (8091) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 114.37 TWD versus a price of 239.00 TWD, about −52% (overvalued).
What is the fair value of 8091?
Our model-based fair value for Feedback Technology Corp is 114.37 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 239.00 TWD.
What is the quality score of 8091?
Feedback Technology Corp has a Quality Score of 56/100. 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 Feedback Technology Corp (8091)?
Feedback Technology Corp reported trailing-twelve-month revenue of about 2.3B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 8091?
The net profit margin of Feedback Technology Corp is about 16.1%, meaning it keeps roughly 16.1% of revenue as net income. Based on the latest reported figures.
Does Feedback Technology Corp pay a dividend?
Feedback Technology Corp currently shows a dividend yield of about 1.74% 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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