eMemory Technology (3529) Fair Value & Analysis
Technology · TW · Market cap 190B TWD (≈ $6.0B) · ISIN TW0003529004
What is eMemory Technology really worth?
A strong business, but trading 284% above our fair value of 621.47 TWD.
Strengths
Risks
For context
Fair value as of: Aug 25, 2026
From 26 valuation models · updated 11 days ago
Share price −0.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 81/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (767.80 TWD). The favourable scenario is already priced in.
- A fairly wide model range (392.51 TWD to 767.80 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 25, 2026.
How to read this chart
60‑month range 742.51 TWD – 4,675 TWD · fair‑value band 392.51 TWD – 767.80 TWD · the 2,385 TWD price screens above the 621.47 TWD fair value. Dashed = 300-day average. As of Aug 25, 2026.
Analysis
eMemory Technology (3529) currently trades at 2,385 TWD, while our model-based Fair Value estimate is 621.47 TWD, implying the stock looks roughly 283.7% overvalued today. The Quality Score stands at 81/100 (high quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of 700.42 TWD per share, and 0 of the 26 models we run sit above the 2,385 TWD price. Bear case: the Economic Profit group reads lowest at 178.24 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, eMemory Technology generated revenue of 4.0B TWD at a net margin of 50.8%. Revenue grew 20.0% year over year. It earns a return on equity of 48.8%. The balance sheet holds a net cash position of 2.7B TWD. Fundamentals as of Aug 25, 2026
Our scenario range runs from 392.51 TWD (bear case) to 767.80 TWD (bull case); at 2,385 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 50% below its 52-week high and 60% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −59% fair-value upside, at −74%, 3529 screens richer 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 3.40 TWD per share, which is 0.5 % 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.
All 26 models by family
Widest divergence: DCF Models (700.42 TWD) versus Asset-Based (34.46 TWD). Highest evidence: FCF DCF (75).
Notify me when 3529 reaches fair value
Put 3529 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 25, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 79 · Market factors (momentum, volatility) 39
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
eMemory Technology Inc. engages in the research, development, manufacturing, and sales of embedded flash memory in Taiwan and internationally.
Full company description
eMemory Technology Inc. engages in the research, development, manufacturing, and sales of embedded flash memory in Taiwan and internationally. The company offers security products, such as NeoPUF, a hardware security technology; PUFrt, which delivers a secure hardware root of trust; PUFcc, a crypto coprocessor integrating key generation, storage, and encryption; PUFhsm, an embedded hardware security module; and PUFPQC for post-quantum security. It also provides PUF flash series, including SoC, protecting embedded, NAND, and NOR Flash; NeoBit, a programmable logic device; NeoFuse, an anti-fuse solution; NeoEE, a single-poly embedded memory device; NeoMTP, a single-poly embedded memory device; and EcoBit, an ultra-low-power embedded logic MTP solution. In addition, the company offers NeoFlash, a single-poly embedded NVM device; RRAM, an embedded EEPROM/Flash; and MRAM solutions. It serves 5G, AI, automotive, IoT, mobile computing, and security markets. eMemory Technology Inc. was incorporated in 2000 and is headquartered in Jhubei City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
eMemory Technology reported revenue of 3.8B TWD in FY2025 versus 2.4B TWD in FY2021, a compound +13.0%/yr. Reported net income was 1.9B TWD in FY2025, compounding +14.8%/yr from FY2021.
of which total revenue +15.2 % · buybacks/dilution +0.2 %
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).
3529 screens 284% overvalued. Compare with NVIDIA Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- eMemory Technology Inc (ROCO:3529) (Q2 2026) Earnings Call Highlights: AI Security IP Surge ...
- eMemory Technology Inc (ROCO:3529) Q1 2026 Earnings Call Highlights: Record Revenue Growth and ...
- eMemory Technology Inc (ROCO:3529) Q3 2025 Earnings Call Highlights: Record Revenue and ...
- eMemory Technology Inc (ROCO:3529) Q2 2025 Earnings Call Highlights: Revenue Growth Amid FX ...
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.
Valuation Multiples vs Semiconductors median · lower = cheaper
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.
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.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 25, 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% |
Compare eMemory Technology with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Technology stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is eMemory Technology (3529) overvalued or undervalued?
What is the fair value of 3529?
What is the quality score of 3529?
What is the revenue of eMemory Technology (3529)?
What is the net profit margin of 3529?
Does eMemory Technology pay a dividend?
Watch eMemory Technology in the live analysis
One click puts eMemory Technology on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.