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Phison Electronics Corp (8299) Fair Value & Analysis

Technology · TW · Market cap 395B TWD

PE Phison Electronics Corp 8299 · TWO
Price2,025 TWD
Fair Value415.11 TWD
Upside-79.5%
Quality59/100
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Expensive Growth
Highly profitable · 22.8% net margin
Low debt · negative free cash flow
1.17% dividend yield
Ranks above peers (10/13)
Wide moat 87/100
Evidence: High Range 268.79 TWD – 607.40 TWD Share as image

Fair value as of: Jul 18, 2026

From 17 valuation models · updated 20 days ago

Fair value updated Jul 18, 2026, revised from 415.76 TWD to 415.11 TWD (−0.2%) since Jul 12, 2026. Share price −5.6% over the past month.

A solid business, but screening 80% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (607.40 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (268.79 TWD to 607.40 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

2,859 TWD 220.55 TWD Fair Value 415.11 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 220.55 TWD – 2,859 TWD · fair‑value band 268.79 TWD – 607.40 TWD · the 2,025 TWD price screens above the 415.11 TWD fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Phison Electronics Corp (8299) currently trades at 2,025 TWD, while our model-based Fair Value estimate is 415.11 TWD, implying the stock looks roughly 79.5% overvalued today. We read business quality at 59/100 (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, Phison Electronics Corp generated revenue of 99.8B TWD at a net margin of 22.8%. Revenue grew 196.0% year over year. It earns a return on equity of 37.2%. The balance sheet holds a net cash position of 8.4B TWD. Fundamentals as of Jul 18, 2026

Our scenario range runs from 268.79 TWD (bear case) to 607.40 TWD (bull case); at 2,025 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 30% below its 52-week high and 340% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -62% fair-value upside, at -80%, 8299 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income 274.30 TWD 346.60 TWD 788.72 TWD 76
ROIC Compounder 453.99 TWD 587.38 TWD 764.40 TWD 72
Gordon GGM 225.03 TWD 491.28 TWD 826.59 TWD 70
All 17 models by family
DCF Models
Owner Earnings 549.22 TWD 899.44 TWD 1,502 TWD 31
Earnings-Based
Graham-Dodd 268.79 TWD 1,064 TWD 1,445 TWD 54
Lynch FV 263.14 TWD 375.92 TWD 488.69 TWD 50
PEG = 1.0 263.14 TWD 375.92 TWD 488.69 TWD 46
EPV 414.53 TWD 474.70 TWD 528.17 TWD 59
Dividend Discount
Gordon GGM 225.03 TWD 491.28 TWD 826.59 TWD 70
DDM Multi-Stage 225.03 TWD 402.44 TWD 511.99 TWD 61
Multiples
P/E Multiple 592.93 TWD 790.57 TWD 988.21 TWD 63
P/S Multiple 503.99 TWD 671.98 TWD 839.98 TWD 58
P/B Multiple 503.99 TWD 671.98 TWD 839.98 TWD 55
EV/EBIT 584.99 TWD 755.45 TWD 925.91 TWD 53
EV/EBITDA 502.99 TWD 646.11 TWD 789.24 TWD 54
EV/Revenue 418.32 TWD 566.05 TWD 713.78 TWD 43
Asset-Based
NCAV (Graham) 135.91 TWD 182.12 TWD 271.83 TWD 50
Economic Profit
Residual Income 274.30 TWD 346.60 TWD 788.72 TWD 76
ROIC Compounder 453.99 TWD 587.38 TWD 764.40 TWD 72
Growth Earnings
Growth-Adj P/E 452.92 TWD 647.03 TWD 841.14 TWD 68

Widest divergence: DCF Models (899.44 TWD) versus Asset-Based (182.12 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 99.8B TWD
Revenue growth (YoY) +196%
Net margin 22.8%
Return on equity 37.2%
Free cash flow −328M TWD FY2025
P/E ratio 61.7
More key figures
Operating margin 36.2%
EPS (TTM) 39.69 TWD
Dividend yield 0.9%
EPS growth (YoY) +1,160%
Net cash 8.4B TWD FY2023

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 55 · Market factors (momentum, volatility) 58

Profitability 58
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 4
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 75
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

Phison Electronics Corp., together with its subsidiaries, designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Full company description

Phison Electronics Corp., together with its subsidiaries, designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally. The company offers solid-state drives (SSDs); external SSDs with thunderbolt or USB connect; flash memory cards; USB flash drives; SSD controller for desktop gaming, laptop PC, desktop workstation, and storage; and eMMC, UFS, and other turnkey solutions. It also provides integrated circuits and systems, and electronics hardware and software and rendering of related services; and electronic components. In addition, the company engages in investment and trading activities; researches, designs, develops, manufactures, imports, exports, and sells storage devices and electronic components; and provides software development and technical support services. It serves original equipment manufacturers, NAND product manufacturers, consumer, retail, system integrators, computing, industrial, and automotive industries. The company was incorporated in 2000 and is headquartered in Jhunan Township, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Phison Electronics Corp reported revenue of 72.7B TWD in FY2025 versus 62.6B TWD in FY2021, a compound +3.8%/yr. Reported net income was 8.7B TWD in FY2025, compounding +1.8%/yr from FY2021.

Growth Quality 55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
72.7B TWD
Latest YoY
+23.3%
Avg. growth/yr (3Y)
+6.4%
Avg. growth/yr (5Y)
+8.4%
Avg. growth/yr (22Y)
+16.6%
Revenue +3.8%/yr
FY21 62.6B TWD
FY22 60.3B TWD
FY23 48.2B TWD
FY24 58.9B TWD
FY25 72.7B TWD
Net income +1.8%/yr
FY21 8.1B TWD
FY22 5.4B TWD
FY23 3.6B TWD
FY24 8.0B TWD
FY25 8.7B TWD

8299 screens 80% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Phison Electronics Corp Fair Value". https://www.fairvalue-calculator.com/stock/8299

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Semiconductors · 319 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 59 · Above median
Fair Value upside −80% · Bottom 25%
Return on equity (TTM) 37% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 36% · Top 25%
Revenue growth 196% · Top 25%
Dividend yield (TTM) 1.2% · Above median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 44.8× · Cheaper than median
P/B 6.57× · Pricier than 75% of peers
P/S (TTM) 3.96× · Pricier than median
EV/EBITDA 16.7× · 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 100 · sector 24
HEALTH 100 · sector 97
DIVIDEND 23 · sector 22

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

Insider activity: 40/100

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 18, 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 €323.25 €121.25 -62%
Micron Technology, Inc ZMIC C$52.57 C$7.50 -86%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €464.70 €56.33 -88%
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 Phison Electronics Corp (8299) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 415.11 TWD versus a price of 2,025 TWD, about −80% (overvalued).
What is the fair value of 8299?
Our model-based fair value for Phison Electronics Corp is 415.11 TWD (as of Jul 18, 2026), built from audited fundamentals. The current price is 2,025 TWD.
What is the quality score of 8299?
Phison Electronics Corp has a Quality Score of 59/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Phison Electronics Corp (8299)?
Phison Electronics Corp reported trailing-twelve-month revenue of about 99.8B TWD (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 8299?
The net profit margin of Phison Electronics Corp is about 22.8%, meaning it keeps roughly 22.8% of revenue as net income. Based on the latest reported figures.
Does Phison Electronics Corp pay a dividend?
Phison Electronics Corp currently shows a dividend yield of about 0.90% relative to its recent price (as of Jul 18, 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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