AP Memory Technology Corp (6531) Fair Value & Analysis
Technology · TW · Market cap 145B TWD (≈ $4.6B) · ISIN TW0006531007
What is AP Memory Technology Corp really worth?
A strong business, but trading 337% above our fair value of 208.25 TWD.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from 152.28 TWD to 208.25 TWD (+36.8%) since Jul 16, 2026. Share price +6.5% 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 80/100), 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 (249.52 TWD). The favourable scenario is already priced in.
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 134.61 TWD – 1,190 TWD · fair‑value band 159.89 TWD – 249.52 TWD · the 911.00 TWD price screens above the 208.25 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
AP Memory Technology Corp (6531) currently trades at 911.00 TWD, while our model-based Fair Value estimate is 208.25 TWD, implying the stock looks roughly 337.4% overvalued today. The Quality Score stands at 80/100 (high quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of 255.39 TWD per share, and 0 of the 26 models we run sit above the 911.00 TWD price. Bear case: the Asset-Based group reads lowest at 50.37 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, AP Memory Technology Corp generated revenue of 6.8B TWD at a net margin of 23.6%. Revenue grew 115.4% year over year. It earns a return on equity of 13.3%. The balance sheet holds a net cash position of 7.0B TWD. Fundamentals as of Aug 13, 2026
Our scenario range runs from 159.89 TWD (bear case) to 249.52 TWD (bull case); at 911.00 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 30% below its 52-week high and 234% 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 −77%, 6531 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 0.4602 TWD per share, which is 0.2 % 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 (255.39 TWD) versus Asset-Based (50.37 TWD). Highest evidence: FCF DCF (80).
Notify me when 6531 reaches fair value
Put 6531 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 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 78 · Market factors (momentum, volatility) 55
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
AP Memory Technology Corporation, together with its subsidiaries, designs, develops, licenses, manufactures, and sells customized memory-related integrated circuit (IC) chip products and technologies in China, Singapore, Taiwan, Europe, the United States, and internationally.
Full company description
AP Memory Technology Corporation, together with its subsidiaries, designs, develops, licenses, manufactures, and sells customized memory-related integrated circuit (IC) chip products and technologies in China, Singapore, Taiwan, Europe, the United States, and internationally. The company provides pseudo static random-access memory (PSRAM) and low power double data rate (LPDDR) for IoT, wearables, and display devices; and stack silicon capacitors for temperature and voltage stability. It also offers VHMTM series, a DRAM working with SoC through WoW 3D stacking technology, including VHMStack and VHMInterposer; and S-SiCap interposer IP for computing and AI applications, as well as wearable devices and smart homes. In addition, the company provides product design and R&D technical services. AP Memory Technology Corporation was incorporated in 2011 and is headquartered in Zhubei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
AP Memory Technology Corp reported revenue of 5.7B TWD in FY2025 versus 6.6B TWD in FY2021, a compound −3.8%/yr. Reported net income was 1.2B TWD in FY2025, compounding −11.5%/yr from FY2021.
of which total revenue +6.2 % · buybacks/dilution −2.1 %
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).
6531 screens 337% overvalued. Compare with NVIDIA Corporation →
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 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% |
Compare AP Memory Technology Corp 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 AP Memory Technology Corp (6531) overvalued or undervalued?
What is the fair value of 6531?
What is the quality score of 6531?
What is the revenue of AP Memory Technology Corp (6531)?
What is the net profit margin of 6531?
Does AP Memory Technology Corp pay a dividend?
Watch AP Memory Technology Corp in the live analysis
One click puts AP Memory Technology Corp 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.