Macronix International Co (2337) Fair Value & Analysis
Technology · TW · Market cap 263B TWD
Fair value as of: Aug 13, 2026
From 12 valuation models · updated yesterday
Fair value updated Aug 13, 2026, revised from 157.87 TWD to 251.19 TWD (+59.1%) since Jul 17, 2026. Share price −7.7% over the past month.
A solid business, screening 83% undervalued on our models.
What matters now
- The price is below even our cautious bear case (146.66 TWD). The market is more pessimistic than our downside scenario.
- Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (146.66 TWD to 356.04 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 17.05 TWD – 185.50 TWD · fair‑value band 146.66 TWD – 356.04 TWD · the 137.00 TWD price screens below the 251.19 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Macronix International Co (2337) currently trades at 137.00 TWD, while our model-based Fair Value estimate is 251.19 TWD, implying the stock looks roughly 83.4% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Macronix International Co generated revenue of 33.2B TWD at a net margin of -2.0%. Revenue grew 70.6% year over year. It earns a return on equity of -1.4%. Net debt stands at 10.1B TWD. Fundamentals as of Aug 13, 2026
Our scenario range runs from 146.66 TWD (bear case) to 356.04 TWD (bull case); at 137.00 TWD, the current price sits below 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 24% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -54% fair-value upside, at 83%, 2337 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.
All 12 models by family
Widest divergence: Growth DCF (19.49 TWD) versus Dividend Discount (5.58 TWD). Highest evidence: Growth DCF (80).
Notify me when 2337 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 59
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
Macronix International Co., Ltd. engages in the design, manufacture, and supply of integrated circuits and memory chips. The company provides a range of NOR flash, NAND flash, e MMC, and read-only memory products.
Full company description
Macronix International Co., Ltd. engages in the design, manufacture, and supply of integrated circuits and memory chips. The company provides a range of NOR flash, NAND flash, e MMC, and read-only memory products. It also offers wafer foundry services to IC design and IDM companies; ArmorFlash, a security solution for a range of identification, authentication, and encryption requirements; and LybraFlash, a solution for gigabit flash memory. In addition, the company develops integrated circuit systems and software; and provides after-sales services. It serves the consumer, communications, computing, industrial, automotive, networking, IOT, and other markets. It sells its products in Taiwan, Japan, the United States, Europe, and rest of Asia. The company was founded in 1989 and is headquartered in Hsinchu City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Macronix International Co reported revenue of 28.9B TWD in FY2025 versus 50.6B TWD in FY2021, a compound −13.1%/yr. Reported net income was −3.3B TWD in FY2025.
Watch 2337: get an alert when its fair value changes →
Peer Group
Semiconductors · 323 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.
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 Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $217.50 | $98.98 | -54% |
| Taiwan Semiconductor Manufacturing Company TSM | $429.15 | $291.42 | -32% |
| Broadcom Inc 1AVGO | €366.85 | €121.25 | -67% |
| Micron Technology, Inc 1MU | €802.10 | €185.67 | -77% |
| SK hynix Inc 000660 | 1,504,000 KRW | 1,481,291 KRW | -2% |
| Advanced Micro Devices, Inc 1AMD | €428.20 | €56.33 | -87% |
| Intel Corporation INTC | C$54.79 | C$11.71 | -79% |
| MediaTek Inc 2454 | 4,015 TWD | 1,559 TWD | -61% |
| SK Square Co 402340 | 1,024,000 KRW | 1,204,862 KRW | +18% |
| GigaDevice Semiconductor Inc 3986 | HK$515.00 | HK$274.86 | -47% |
Compare Macronix International Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Technology stocks →
Frequently asked questions
Is Macronix International Co (2337) overvalued or undervalued?
What is the fair value of 2337?
What is the quality score of 2337?
What is the revenue of Macronix International Co (2337)?
What is the net profit margin of 2337?
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.
Track Macronix International Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.