Progate Group (8227) Fair Value & Analysis
Technology · TW · Market cap 6.0B TWD
Fair value as of: Jul 22, 2026
From 17 valuation models · updated 19 days ago
Share price −22.4% over the past month.
Below-average quality, and screening another 71% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (51.46 TWD). The favourable scenario is already priced in.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 3.09 TWD – 416.29 TWD · fair‑value band 30.87 TWD – 51.46 TWD · the 144.00 TWD price screens above the 41.16 TWD fair value. Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Progate Group (8227) currently trades at 144.00 TWD, while our model-based Fair Value estimate is 41.16 TWD, implying the stock looks roughly 71.4% overvalued today. The Quality Score stands at 47/100 (below-average 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, Progate Group generated revenue of 1.5B TWD at a net margin of 6.5%. Revenue grew 88.4% year over year. It earns a return on equity of 8.6%. The balance sheet holds a net cash position of 564M TWD. Fundamentals as of Jul 22, 2026
Our scenario range runs from 30.87 TWD (bear case) to 51.46 TWD (bull case); at 144.00 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 42% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -71%, 8227 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.
All 17 models by family
Widest divergence: Growth Earnings (92.83 TWD) versus Asset-Based (19.30 TWD). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 37
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
Progate Group Corporation engages in the design, development, manufactures, sale, and trading of integrated circuits in Taiwan. It is also involved in intellectual property rights; wholesale of electronic materials and information software; and agency and import and export trade of various related products.
Full company description
Progate Group Corporation engages in the design, development, manufactures, sale, and trading of integrated circuits in Taiwan. It is also involved in intellectual property rights; wholesale of electronic materials and information software; and agency and import and export trade of various related products. The company also offers ASIC design service; ASIC mass production service; IP turnkey service; APR layout turnkey service; gate array turnkey service; foundry turnkey service; cyberShuttle/MPW/prototype service; TSMC CoWoS turnkey service; and TSMC InFO services. Progate Group Corporation was founded in 1980 and is based in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Progate Group reported revenue of 1.3B TWD in FY2025 versus 560M TWD in FY2021, a compound +24.6%/yr. Reported net income was 81.4M TWD in FY2025, compounding +8.8%/yr from FY2021.
8227 screens 71% overvalued. Compare with NVIDIA Corporation →
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.
Valuation Multiples vs Semiconductors median · lower = cheaper
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: 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.
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 22, 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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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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