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SIM Technology Group (912000) Fair Value & Analysis

Technology · TW · Market cap 6.0B TWD

ST SIM Technology Group 912000 · TW
Price2.63 TWD
Fair Value0.4400 TWD
Upside-83.3%
Quality63/100
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Weak Growth
Loss-making · -3.3% net margin
generates free cash flow
Trails peers (4/11)
Narrow moat 14/100
Evidence: Medium Range 0.3800 TWD – 0.4900 TWD Share as image

Fair value as of: Aug 13, 2026

From 12 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from 0.3700 TWD to 0.4400 TWD (+18.9%) since Jul 21, 2026. Share price −2.6% over the past month.

A solid business, but screening 83% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.4900 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

4.68 TWD 1.98 TWD Fair Value 0.4400 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 1.98 TWD – 4.68 TWD · fair‑value band 0.3800 TWD – 0.4900 TWD · the 2.63 TWD price screens above the 0.4400 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

SIM Technology Group (912000) currently trades at 2.63 TWD, while our model-based Fair Value estimate is 0.4400 TWD, implying the stock looks roughly 83.3% overvalued today. The Quality Score stands at 63/100 (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: medium).

Over the trailing twelve months, SIM Technology Group generated revenue of 399M TWD at a net margin of -3.3%. Revenue declined 22.5% year over year. It earns a return on equity of -1.1%. The balance sheet holds a net cash position of 445M TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.3800 TWD (bear case) to 0.4900 TWD (bull case); at 2.63 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 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -83%, 912000 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 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 0.3600 TWD 0.4100 TWD 0.4900 TWD 72
Gordon GGM 0.3600 TWD 0.3900 TWD 0.4400 TWD 70
Rev-Margin DCF 0.3400 TWD 0.4100 TWD 0.4800 TWD 67
All 12 models by family
DCF Models
FCF DCF 0.3500 TWD 0.4000 TWD 0.4900 TWD 38
5Y Revenue Exit 0.3400 TWD 0.4000 TWD 0.4900 TWD 39
5Y EBITDA Exit 0.2900 TWD 0.3100 TWD 0.3400 TWD 41
10Y Revenue Exit 0.3400 TWD 0.3900 TWD 0.4300 TWD 36
10Y EBITDA Exit 0.3200 TWD 0.3300 TWD 0.3500 TWD 37
Dividend Discount
Gordon GGM 0.3600 TWD 0.3900 TWD 0.4400 TWD 70
DDM Multi-Stage 0.3600 TWD 0.4400 TWD 0.5500 TWD 61
Multiples
EV/EBITDA 0.2600 TWD 0.2700 TWD 0.2800 TWD 54
EV/Revenue 0.3500 TWD 0.4100 TWD 0.4700 TWD 43
Asset-Based
NCAV (Graham) 0.3400 TWD 0.4600 TWD 0.6900 TWD 50
Growth DCF
Growth DCF 0.3600 TWD 0.4100 TWD 0.4900 TWD 72
Rev-Margin DCF 0.3400 TWD 0.4100 TWD 0.4800 TWD 67

Widest divergence: Asset-Based (0.4600 TWD) versus Multiples (0.2700 TWD). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 399M TWD
Revenue growth (YoY) -22.5%
Net margin -3.3%
Return on equity -1.1%
Free cash flow 31.3M TWD FY2025
Operating margin -5.6%
More key figures
EPS (TTM) -0.0300 TWD
Net cash 445M TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 63 · Market factors (momentum, volatility) 57

Profitability 9
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 100
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

SIM Technology Group Limited, an investment holding company, designs, develops, manufactures, and sells handsets and Internet of Things (IOT) terminals in China, Hong Kong, other Asian countries, Europe, and the United States.

Full company description

SIM Technology Group Limited, an investment holding company, designs, develops, manufactures, and sells handsets and Internet of Things (IOT) terminals in China, Hong Kong, other Asian countries, Europe, and the United States. The company operates through Handsets and IOT Terminals Business, Automotive Intelligent Products Business, and Property Management segments. It also offers electronic manufacturing and finance leasing services. In addition, it engages in the building design and construction of smart homes; trading of snacks; property development; development of automated test equipment and online-to-offline equipment; and holding of land use rights. Further, the company offers outsourcing, products sales and marketing, and logistics services, as well as develops automotive cockpits. The company was founded in 1986 and is headquartered in Shanghai, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SIM Technology Group reported revenue of 395M TWD in FY2025 versus 725M TWD in FY2021, a compound −14.1%/yr. Reported net income was −13.2M TWD in FY2025.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
395M TWD
Latest YoY
−8.1%
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.
−14.8%
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.
−11.1%
Avg. growth/yr (21Y) 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.
−6.4%
Revenue −14.1%/yr
FY21 725M TWD
FY22 638M TWD
FY23 544M TWD
FY24 429M TWD
FY25 395M TWD
Net income
FY21 −246M TWD
FY22 −508M TWD
FY23 344M TWD
FY24 −94.8M TWD
FY25 −13.2M TWD

912000 screens 83% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "SIM Technology Group Fair Value". https://www.fairvalue-calculator.com/stock/912000

Peer Group

Communication Equipment · 300 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 63 · Above median
Fair Value upside −83% · Bottom 25%
Return on assets -1% · Below median
Net margin (TTM) -3% · Below median
Operating margin (TTM) -6% · Bottom 25%
Revenue growth -23% · Bottom 25%
Dividend yield (TTM) 1.4% · Above median

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.47× · Cheaper than 75% of peers
P/FCF 5.9× · Pricier 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 0 · sector 34
PAST 0 · sector 15
HEALTH 0 · sector 98
DIVIDEND 29 · sector 24

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $120.43 $61.53 -49%
Zhongji Innolight Co 300308 ¥921.00 ¥171.09 -81%
Foxconn Industrial Internet Co 601138 ¥65.60 ¥28.65 -56%
Eoptolink Technology Inc 300502 ¥429.90 ¥176.99 -59%
Nokia Oyj NOK $10.32 $3.77 -63%
Motorola Solutions, Inc MSI $469.74 $236.33 -50%
Suzhou TFC Optical Communication Co 300394 ¥240.05 ¥43.67 -82%
Accton Technology Corporation 2345 2,270 TWD 1,135 TWD -50%
Telefonaktiebolaget LM Ericsson (publ), ERICB kr 97.78 kr 157.82 +61%
ZTE Corporation 000063 ¥35.59 ¥19.72 -45%

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Frequently asked questions

Is SIM Technology Group (912000) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.4400 TWD versus a price of 2.63 TWD, about −83% (overvalued).
What is the fair value of 912000?
Our model-based fair value for SIM Technology Group is 0.4400 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 2.63 TWD.
What is the quality score of 912000?
SIM Technology Group has a Quality Score of 63/100. 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 SIM Technology Group (912000)?
SIM Technology Group reported trailing-twelve-month revenue of about 399M TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 912000?
The net profit margin of SIM Technology Group is about -3.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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