Alchip Technologies Ltd (3661) Fair Value & Analysis
Technology · TW · Market cap 287B TWD (≈ $9.0B) · ISIN KYG022421088
What is Alchip Technologies Ltd really worth?
A solid business, but trading 127% above our fair value of 1,860 TWD.
Strengths
Risks
For context
Fair value as of: Aug 29, 2026
From 26 valuation models · updated 6 days ago
Share price +16.9% 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 above even our optimistic bull case (2,227 TWD). The favourable scenario is already priced in.
- Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range 355.91 TWD – 5,375 TWD · fair‑value band 1,432 TWD – 2,227 TWD · the 4,220 TWD price screens above the 1,860 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
Alchip Technologies Ltd (3661) currently trades at 4,220 TWD, while our model-based Fair Value estimate is 1,860 TWD, implying the stock looks roughly 126.9% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of 3,609 TWD per share, and 5 of the 26 models we run sit above the 4,220 TWD price. Bear case: the Asset-Based group reads lowest at 333.04 TWD, and 21 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Alchip Technologies Ltd generated revenue of 24.6B TWD at a net margin of 22.6%. Revenue declined 60.1% year over year. It earns a return on equity of 13.1%. The balance sheet holds a net cash position of 32.3B TWD. Fundamentals as of Aug 29, 2026
Our scenario range runs from 1,432 TWD (bear case) to 2,227 TWD (bull case); at 4,220 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 25% below its 52-week high and 70% 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 −56%, 3661 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 22.62 TWD per share, which is 1.2 % 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 (3,609 TWD) versus Asset-Based (333.04 TWD). Highest evidence: FCF DCF (73).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 69 · 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
Alchip Technologies, Limited, together with its subsidiaries, engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.
Full company description
Alchip Technologies, Limited, together with its subsidiaries, engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally. It offers ASIC design services, including SoC frontend design, physical backend design, and design for testability, as well as low power, high performance, and advanced package solutions; production services, such as advanced packaging, advanced testing, and product engineering services, as well as quality assurance and policy; and IP services comprising IP integration and verification. The company is also involved in general investment activities; provision of product technical support and consultation services; and software development and services. Its products are used in AI, HPC/supercomputer, mobile phones, entertainment device, networking equipment, and electronic product sectors. The company was founded in 1992 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Alchip Technologies Ltd reported revenue of 30.9B TWD in FY2025 versus 10.4B TWD in FY2021, a compound +31.2%/yr. Reported net income was 5.6B TWD in FY2025, compounding +39.2%/yr from FY2021.
of which total revenue +25.9 % · buybacks/dilution −2.9 %
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).
3661 screens 127% overvalued. Compare with NVIDIA Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Alchip Technologies Reports 2026 Second Quarter Financial Results
- Alchip Technologies Ltd (TPE:3661) (Q2 2026) Earnings Call Highlights: N3 AI Accelerator Drives ...
- Alchip Successfully Completes US$510MM GDS Offering
- Alchip Leverages AWS to Enable Cloud-Based Silicon Execution for AI and Data Center Platform
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.
Insider activity: 40/100
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 29, 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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