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Realtek Semiconductor Corp (2379) Fair Value & Analysis

Technology · TW · Market cap 386B TWD (≈ $12.2B) · ISIN TW0002379005

What is Realtek Semiconductor Corp really worth?

RS Realtek Semiconductor Corp 2379 · TW
Price713.00 TWD
Fair Value635.34 TWD
Upside−10.9%
Quality72/100

A solid business, but trading 12% above our fair value of 635.34 TWD.

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Strengths

Healthy Growth (revenue 5y +9.6 %/yr)
Solidly profitable · 11.5% net margin
Low debt · generates free cash flow
Ranks above peers (13/15)

Risks

!Moderate moat 64/100
!Weak on valuation: 19 out of 100
!Weak on future: 20 out of 100

For context

·3.51% dividend yield
Evidence: High Range 476.75 TWD – 793.94 TWD

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from 489.03 TWD to 635.34 TWD (+29.9%) since Jul 16, 2026. Share price −5.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

900.00 TWD 203.07 TWD Fair Value 635.34 TWD Apr 2021 Sep 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 203.07 TWD – 900.00 TWD · fair‑value band 476.75 TWD – 793.94 TWD · the 713.00 TWD price screens above the 635.34 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Realtek Semiconductor Corp (2379) currently trades at 713.00 TWD, while our model-based Fair Value estimate is 635.34 TWD, implying the stock looks roughly 12.2% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of 861.29 TWD per share, and 9 of the 26 models we run sit above the 713.00 TWD price. Bear case: the Asset-Based group reads lowest at 68.20 TWD, and 17 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Realtek Semiconductor Corp generated revenue of 124B TWD at a net margin of 11.5%. Revenue grew 4.0% year over year. It earns a return on equity of 31.6%. The balance sheet holds a net cash position of 489M TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 476.75 TWD (bear case) to 793.94 TWD (bull case); at 713.00 TWD, the current price sits within 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 near its 52-week high and 63% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −59% fair-value upside, at −11%, 2379 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 2.06 TWD per share, which is 0.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence 571.76 TWD 1,052 TWD 1,935 TWD 77
Growth DCF 568.49 TWD 1,014 TWD 1,824 TWD 75
5Y EBITDA Exit 499.04 TWD 861.29 TWD 1,316 TWD 74
All 26 models by family
DCF Models
FCF DCF best evidence 571.76 TWD 1,052 TWD 1,935 TWD 77
Owner Earnings 464.78 TWD 851.14 TWD 1,561 TWD 73
5Y Revenue Exit 368.31 TWD 589.86 TWD 884.88 TWD 72
5Y EBITDA Exit 499.04 TWD 861.29 TWD 1,316 TWD 74
5Y P/E Exit 581.75 TWD 1,033 TWD 1,552 TWD 69
10Y Revenue Exit 420.71 TWD 657.52 TWD 1,011 TWD 66
10Y EBITDA Exit 518.84 TWD 861.82 TWD 1,383 TWD 67
10Y P/E Exit 575.09 TWD 991.07 TWD 1,587 TWD 62
Earnings-Based
Graham-Dodd 195.61 TWD 928.76 TWD 1,278 TWD 64
Lynch FV 246.87 TWD 352.68 TWD 458.48 TWD 61
PEG = 1.0 246.87 TWD 352.68 TWD 458.48 TWD 57
EPV 256.58 TWD 297.37 TWD 333.62 TWD 74
Dividend Discount
Gordon GGM 245.29 TWD 535.50 TWD 901.00 TWD 65
DDM Multi-Stage 245.29 TWD 438.66 TWD 558.08 TWD 66
Multiples
P/E Multiple 604.10 TWD 805.46 TWD 1,007 TWD 63
P/S Multiple 366.77 TWD 489.03 TWD 611.29 TWD 58
P/B Multiple 366.77 TWD 489.03 TWD 611.29 TWD 55
EV/EBIT 529.46 TWD 697.46 TWD 865.46 TWD 66
EV/EBITDA 501.27 TWD 659.87 TWD 818.46 TWD 67
EV/Revenue 280.27 TWD 389.47 TWD 498.67 TWD 54
Asset-Based
NCAV (Graham) 50.89 TWD 68.20 TWD 101.79 TWD 54
Growth DCF
Growth DCF 568.49 TWD 1,014 TWD 1,824 TWD 75
Rev-Margin DCF 368.31 TWD 588.02 TWD 874.64 TWD 72
Economic Profit
Residual Income 177.09 TWD 209.40 TWD 658.39 TWD 65
ROIC Compounder 287.92 TWD 376.90 TWD 490.04 TWD 72
Growth Earnings
Growth-Adj P/E 458.58 TWD 655.11 TWD 851.64 TWD 67

Widest divergence: DCF Models (861.29 TWD) versus Asset-Based (68.20 TWD). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 26.2
P/S ratio 3.15 P/E × margin
EPS (TTM) 27.22 TWD price ÷ EPS = P/E 26.2
Dividend yield 3.5% payout 91.8%
Net margin 12.0% FY2025
Return on equity 31.6% TTM
More key figures
Profitability
Return on assets (EBIT) 12.5% avg 5y
Operating margin 11.9% TTM
Growth
Revenue (TTM) 124B TWD TTM
Revenue growth (YoY) +4.0% 3y avg +3.2%
EPS growth (YoY) −9.2%
Balance sheet & cash flow
Free cash flow 20.4B TWD FY2025
Net cash 489M TWD FY2025

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

Quality Score breakdown

Overall quality 72/100

Of which business quality 71 · Market factors (momentum, volatility) 70

Profitability 74
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 80
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Realtek Semiconductor Corp., together with its subsidiaries, engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

Full company description

Realtek Semiconductor Corp., together with its subsidiaries, engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally. It provides communications network ICs, including broadband access controllers, gateway controllers, digital home centers, gigabit ethernet, switch controllers, wireless LAN ICs, and DTV demodulators, as well as Bluetooth, GNSS, and Internet of Things products. The company also offers connected media ICs, such as high speed bridge controllers, network interface controllers, and single-port PHYceiver. In addition, it offers computer peripheral ICs, comprising PC audio codecs, consumer audio codecs, class-D audio amplifiers, PC camera controllers; multimedia ICs; and smart interconnect ICs, including card reader solutions, type-C PD controllers, and USB hubs. Further, it engages in the manufacture and installation of computer equipment; wholesale, retail, and related service of electronic materials and information/software; and provision of information and technical support services, as well as operates as an investment holding company. Realtek Semiconductor Corp. was incorporated in 1987 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

Realtek Semiconductor Corp reported revenue of 123B TWD in FY2025 versus 106B TWD in FY2021, a compound +3.8%/yr. Reported net income was 14.8B TWD in FY2025, compounding −3.3%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
123B TWD
Latest YoY
+8.2%
Avg. revenue 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.
+3.2%
Avg. revenue 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.
+9.6%
Avg. revenue growth/yr (25Y) 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.
+13.3%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+14.1% (10.6 + 3.5)
Revenue +3.8%/yr
FY21 106B TWD
FY22 112B TWD
FY23 95.2B TWD
FY24 113B TWD
FY25 123B TWD
Net income −3.3%/yr
FY21 16.9B TWD
FY22 16.2B TWD
FY23 9.2B TWD
FY24 15.3B TWD
FY25 14.8B TWD
Character of growth · EPS growth decomposed (2014-2025) +17.2 % p.a.
Revenue per share +14.0 %

of which total revenue +14.0 % · buybacks/dilution +0.0 %

EBIT margin +3.2 %
Tax rate −0.1 %
Residual (interest, one-offs) −0.3 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

2379 screens 12% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Realtek Semiconductor Corp Fair Value". https://www.fairvalue-calculator.com/stock/2379

Peer Group

Semiconductors · 325 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 72 · Top 25%
Fair Value upside −11% · Top 25%
Return on equity (TTM) 32% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 12% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 4% · Below median
Dividend yield (TTM) 3.5% · Top 25%

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 26.2× · Cheaper than 75% of peers
P/B 7.40× · Pricier than 75% of peers
P/S (TTM) 3.11× · Cheaper than median
P/FCF 0.6× · Cheaper than 75% of peers
EV/EBITDA 23.4× · Cheaper than median
PEG 0.85× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE19 · sector 0
FUTURE20 · sector 65
PAST100 · sector 25
HEALTH100 · sector 96
DIVIDEND70 · sector 18

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

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 $227.98 $98.98 −57%
Taiwan Semiconductor Manufacturing Company TSM $427.30 $296.10 −31%
Broadcom Inc AVGO $371.54 $118.27 −68%
SK hynix Inc 000660 1,647,000 KRW 1,481,291 KRW −10%
Micron Technology, Inc MU $932.86 $148.38 −84%
Advanced Micro Devices, Inc AMD $476.67 $55.02 −88%
Intel Corporation INTC $92.09 $35.41 −62%
Texas Instruments Incorporated TXN $266.54 $78.54 −71%
QUALCOMM Incorporated QCOM $164.78 $147.20 −11%
MediaTek Inc 2454 3,845 TWD 1,559 TWD −59%

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Frequently asked questions

Is Realtek Semiconductor Corp (2379) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 635.34 TWD versus a price of 713.00 TWD, about −11% upside (overvalued).
What is the fair value of 2379?
Our model-based fair value for Realtek Semiconductor Corp is 635.34 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 713.00 TWD.
What is the quality score of 2379?
Realtek Semiconductor Corp has a Quality Score of 72/100. 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 Realtek Semiconductor Corp (2379)?
Realtek Semiconductor Corp reported trailing-twelve-month revenue of about 124B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2379?
The net profit margin of Realtek Semiconductor Corp is about 11.5%, meaning it keeps roughly 11.5% of revenue as net income. Based on the latest reported figures.
Does Realtek Semiconductor Corp pay a dividend?
Realtek Semiconductor Corp currently shows a dividend yield of about 3.51% relative to its recent price (as of Aug 13, 2026).
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