Z-Com Inc (8176) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Z-Com Inc stock TWD 12.17, price TWD 11.62, upside +4.7%, quality 70 out of 100. Rating: fairly valued. Calculated from audited financials with 22 of our 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 3, 2026.
How to read this chart
60‑month range 1.14 TWD – 24.46 TWD · fair‑value band 8.51 TWD – 15.81 TWD · the 11.62 TWD price screens below the 12.17 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Z-Com, Inc. engages in the research, development, design, manufacture, and sale of software, hardware, and system integration for wireless communication systems Taiwan, Asia, Europe, and internationally.
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The company provides wireless LAN controllers, indoor and outdoor access points, serial device servers, industrial cellular gateway, cellular gateway, Wi-fi module, and accessories.
It also offers new energy fields and communication management, private network, surveillance, wireless hotels, in-vehicle Wi-fi, smart campus, carrier-grade Wi-fi, and rural Wi-fi solutions.
In addition, the company provides zMEC edge, a computing platform; and ZOAM, an operation administration maintenance system. Further, it offers communication and network equipment, electronics products, and modems. Z-Com, Inc. was founded in 1995 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Z-Com Inc (8176) currently trades at 11.62 TWD, while our model-based Fair Value estimate is 12.17 TWD, so the stock looks roughly fairly valued today (gap 4.5%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 26.16 TWD per share, and 12 of the 22 models we run sit above the 11.62 TWD price.
Bear case: the Earnings-Based group reads lowest at 5.34 TWD, and 10 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: 8.51 TWD (bear) to 15.81 TWD (bull), the price of 11.62 TWD sits inside 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 70/100 (solid 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.
Z-Com Inc reported revenue of 373M TWD in FY2025 versus 260M TWD in FY2021, a compound +9.5%/yr. Reported net income was 27.7M TWD in FY2025.
Key figures
Market cap 805M TWD (≈ $24.5M) Micro · P/E ratio 31.4 · P/S ratio 2.08 · EPS (TTM) 0.3700 TWD · Net margin 6.9% · Return on equity 4.0% · Return on assets (EBIT) 0.6% (5-year average) · Operating margin 9.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 896% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at 5%, 8176 screens cheaper than that median.
Fair Value models
Bear8.51 TWDFair Value 12.17 TWDBull15.81 TWD
Price 11.62 TWD · Upside +4.7%
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 (0.3173 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.
Best data coverage
FCF DCF27.93 TWD34.99 TWD47.19 TWD82
Growth DCF28.71 TWD35.46 TWD46.20 TWD80
Owner Earnings15.93 TWD19.03 TWD24.38 TWD78
All 22 models by family
DCF Models
FCF DCF27.93 TWD34.99 TWD47.19 TWD82
Owner Earnings15.93 TWD19.03 TWD24.38 TWD78
5Y Revenue Exit15.64 TWD16.32 TWD17.25 TWD74
5Y EBITDA Exit17.43 TWD19.43 TWD22.08 TWD77
5Y P/E Exit20.58 TWD24.87 TWD30.06 TWD72
10Y Revenue Exit20.73 TWD21.70 TWD22.42 TWD68
10Y EBITDA Exit21.77 TWD23.51 TWD25.09 TWD70
10Y P/E Exit23.57 TWD26.69 TWD29.51 TWD65
Earnings-Based
Graham-Dodd3.29 TWD4.02 TWD4.52 TWD67
EPV6.64 TWD6.66 TWD6.67 TWD74
Multiples
P/E Multiple10.16 TWD13.54 TWD16.93 TWD63
P/S Multiple6.17 TWD8.22 TWD10.28 TWD58
P/B Multiple44.81 TWD59.74 TWD74.68 TWD55
EV/EBIT2.13 TWD2.26 TWD2.38 TWD66
EV/EBITDA5.58 TWD6.85 TWD8.12 TWD67
EV/Revenue1.95 TWD2.03 TWD2.11 TWD54
Asset-Based
NCAV (Graham)4.44 TWD6.72 TWD8.40 TWD55
Growth DCF
Growth DCF28.71 TWD35.46 TWD46.20 TWD80
Rev-Margin DCF15.64 TWD16.86 TWD18.73 TWD74
Economic Profit
Residual Income7.47 TWD7.58 TWD7.91 TWD71
ROIC Compounder6.64 TWD6.66 TWD6.67 TWD72
Growth Earnings
Growth-Adj P/E7.10 TWD10.15 TWD13.19 TWD67
The fair value above starts from this blend and is adjusted for a stock split.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−33.6%
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.
+4.6%
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.
−2.0%
Start year 2020 (pandemic). Over 10 years: −11.9% a year
Revenue growth 22 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.
−8.9%
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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.
≈ +14.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +14.0%
Dividend (yield on the price)0.0%
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.−23% → 0%
⚠ Revenue per share shrinking 14.1%/yr over ~6Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.21 per share, median 0.69 in 2017 to 2018). It measures the recovery from the trough, not lasting growth.
⚠ Approximate: the rate leans on 2025, which sits 51% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less 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).
−16.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −17.6% 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.Communication Equipment · 303 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+4.7% · Above median
Profitability
Return on equity (12 months)4.0% · Below median
Return on assets3.8% · Above median
Net margin (12 months)6.9% · Above median
Operating margin (12 months)9.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)12.2% · Above median
Valuation Multiplesvs Communication Equipment 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). "Z-Com Inc Fair Value". https://www.fairvalue-calculator.com/stock/8176
Frequently asked questions
Is Z-Com Inc (8176) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 12.17 TWD versus the last price from Oct 28, 2026 of 11.62 TWD, about +5% upside (fairly valued).
What is the fair value of 8176?
Our model-based fair value for Z-Com Inc is 12.17 TWD (as of Nov 3, 2026), built from audited fundamentals. Last price (from Oct 28, 2026): 11.62 TWD.
What is the quality score of 8176?
Z-Com Inc has a Quality Score of 70/100. 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 Z-Com Inc (8176)?
Our model-based price target is the fair value of 12.17 TWD (as of Nov 3, 2026) from 22 valuation models. Cautious scenario 8.51 TWD, optimistic scenario 15.81 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Z-Com Inc stock forecast for 2026?
Our models put fair value at 12.17 TWD, about +5% upside versus the last price from Oct 28, 2026 of 11.62 TWD (fairly valued). Cautious scenario 8.51 TWD, optimistic scenario 15.81 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Z-Com Inc (8176)?
Z-Com Inc reported trailing-twelve-month revenue of about 323M TWD (latest available figure, as of Nov 3, 2026).
What growth is priced into Z-Com Inc (8176)?
For today's price to be fair in a discounted-cash-flow model, Z-Com Inc would have to grow free cash flow by -16.3 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.0 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 8176 use?
Our models discount Z-Com Inc at 10.3 %: a base by market capitalisation (nano), 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 Z-Com Inc that is -16.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Z-Com Inc (8176) delivered so far?
Over the past 5 years revenue at Z-Com Inc grew -2.0 % a year. The price currently implies free-cash-flow growth of -16.3 % 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 Z-Com Inc (8176) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Z-Com Inc (-16.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Z-Com Inc (8176)?
The free-cash-flow yield on the price is 17.53 %: that much free cash flow Z-Com Inc produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Z-Com Inc (8176)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Z-Com Inc it is 12.17 TWD per share (as of Nov 3, 2026), against a price of 11.62 TWD. It is the blended result of 22 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Z-Com Inc stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 8176 trades below its calculated fair value: price 11.62 TWD, fair value 12.17 TWD, a gap of about +5% (fairly valued). 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 8176?
No. The price is what the market pays today (11.62 TWD); the fair value is what the company's own numbers justify (12.17 TWD). For Z-Com Inc the two are 0.5516 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Z-Com Inc worth?
The market values Z-Com Inc at about 805M TWD (market capitalisation, as of Nov 3, 2026). Per share that is 11.62 TWD; our models calculate a fair value of 12.17 TWD per share.
What do the bullish and bearish scenarios say about 8176?
Our models span a range for Z-Com Inc: cautious scenario 8.51 TWD, base 12.17 TWD, optimistic 15.81 TWD per share (as of Nov 3, 2026, price 11.62 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8176?
Z-Com Inc trades at a price-to-earnings ratio of 31.4 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 12.17 TWD is built from several models across several years. Other multiples: P/B 1.2, P/S 2.1, EV/EBITDA 22.1.
How solid is the balance sheet of Z-Com Inc (8176)?
Balance-sheet figures for Z-Com Inc (as of Nov 3, 2026): return on equity 4.0%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 8176 from its 52-week high?
Z-Com Inc trades at 11.62 TWD, about 30% below its 52-week high of 16.67 TWD and 896% above the low of 1.17 TWD (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 12.17 TWD is for.
Which stocks are comparable to Z-Com Inc?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, 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 Z-Com Inc stock attractive at the current price?
The data as of Nov 3, 2026: price 11.62 TWD, calculated fair value 12.17 TWD (+5%), Quality Score 70/100, from 22 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 8176 calculated?
We run Z-Com Inc through 22 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 12.17 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. Z-Com Inc currently trades 5% below its own fair value, and the market average says nothing about that. 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 Z-Com Inc (8176)?
The latest price we hold is from Oct 28, 2026 and stands at 11.62 TWD. Our model-based fair value is 12.17 TWD, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Z-Com Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (8.51 TWD to 15.81 TWD) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Z-Com Inc
How large is the market capitalisation of Z-Com Inc (8176)?
The market capitalisation of Z-Com Inc is 805M TWD (≈ $24.5M). 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 Z-Com Inc (8176)?
The price-to-sales ratio of Z-Com Inc is 2.08 (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 Z-Com Inc (8176)?
Earnings per share at Z-Com Inc are 0.3700 TWD (price ÷ EPS = P/E 31.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Z-Com Inc (8176)?
The net margin of Z-Com Inc is 6.9% (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 Z-Com Inc (8176)?
The return on equity (ROE) of Z-Com Inc is 4.0% (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 Z-Com Inc (8176)?
On an EBIT basis the return on assets of Z-Com Inc is 0.6% (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 Z-Com Inc (8176)?
The operating margin of Z-Com Inc is 9.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Z-Com Inc (8176)?
Revenue at Z-Com Inc is growing +12.2% versus a year earlier (3y avg +4.6%). 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 Z-Com Inc (8176)?
Earnings per share at Z-Com Inc are growing −86.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Z-Com Inc (8176) hold?
Z-Com Inc holds more cash than debt, 101M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 3, 2026