AP Memory Technology Corp (6531) fair value: what the stock is really worth
We calculate from audited financials what AP Memory Technology Corp is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
Watch it or check another stockalert when fair value or trend changes
A strong business, but trading 395% above our fair value of 208.25 TWD.
As of Sep 7, 2026, the fair value of AP Memory Technology Corp is 208.25 TWD per share against a price of 1,030 TWD, so the fair value sits 80% below the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +9.8 %/yr)
✓Highly profitable · 23.6% net margin
✓Low debt · generates free cash flow
·0.68% dividend yield
!Mixed vs. peers (8/14)
✓Wide moat 72/100
!Weak on dividend: 14 out of 100
Evidence: HighRange 159.89 TWD to 249.52 TWD
Fair value as of: Sep 7, 2026
From 26 valuation models · updated 4 days ago
Share price +23.9% over the past month.
This is the short version. In the app for AP Memory Technology Corp:
Watch AP Memory Technology Corp for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for free
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 Sep 7, 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 1,030 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 Sep 7, 2026.
AP Memory Technology Corp (6531) currently trades at 1,030 TWD, while our model-based Fair Value estimate is 208.25 TWD, implying the stock looks roughly 394.6% 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 1,030 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 Sep 7, 2026
Scenario range: 159.89 TWD (bear) to 249.52 TWD (bull), the price of 1,030 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 21% below its 52-week high and 277% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −63% fair-value upside, at −80%, 6531 screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (0.4732 TWD per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
P/E ratio134.1
P/S ratio29.3P/E × margin
EPS (TTM)7.68 TWDprice ÷ EPS = P/E 134.1
Dividend yield0.7%payout 91.1%
Net margin21.9%FY2025
Return on equity13.3%TTM
More key figures
Profitability
Return on assets (EBIT)16.5%avg 5y
Operating margin28.0%TTM
Growth
Revenue (TTM)6.8B TWDTTM
Revenue growth (YoY)+115%3y avg +3.6%
EPS growth (YoY)+97.0%
Balance sheet & cash flow
Free cash flow2.8B TWDFY2025
Net cash7.0B TWDFY2025
Figures from reported company fundamentals · as of Sep 7, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality80/100
Of which business quality 78
· Market factors (momentum, volatility) 62
Profitability49
Margins and returns on capital today
Quality Growth39
Are margins and returns improving?
Cashflow100
Earnings quality: real cash, not paper profit
Fin. Strength100
Balance sheet, leverage, solvency risk
Investment80
Disciplined investing over empire-building
Low Volatility0
Calm price path (market factor)
Momentum89
Price trend over the last 3–12 months (market factor)
52W Momentum87
Distance to the 52-week high (market factor)
Net Issuance94
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
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.
Growth Quality 90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
5.7B TWD
Latest YoY
+35.2%
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.
+3.6%
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.
+9.8%
Avg. revenue growth/yr (12Y) ⓘ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.
+6.5%
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.
−3.2%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−3.9%
Dividend yield0.7%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −3.9% vs 10Y 8.0%, flattening
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13.4% (2020) → 24.7% (2025) · rising
Worst earnings drop260% (2019) (loss year, drop beyond 100%) · in TWD
Revenue−3.8%/yr
FY216.6B TWD
FY225.1B TWD
FY234.2B TWD
FY244.2B TWD
FY255.7B TWD
Net income−11.5%/yr
FY212.0B TWD
FY221.9B TWD
FY231.4B TWD
FY241.6B TWD
FY251.2B TWD
Character of growth · EPS growth decomposed (2014-2025)+10.1 % p.a.
Revenue per share+4.0 %
of which total revenue +6.2 % · buybacks/dilution −2.1 %
EBIT margin+1.2 %
Tax rate+0.4 %
Residual (interest, one-offs)+4.2 %
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).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
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
Quality Score80 · Top 25%
Fair Value upside−77% · Bottom 25%
Profitability
Return on equity (TTM)13% · Above median
Return on assets8% · Top 25%
Net margin (TTM)24% · Top 25%
Operating margin (TTM)28% · Top 25%
Growth and dividend
Revenue growth115% · Top 25%
Dividend yield (TTM)0.7% · Below median
Valuation Multiples vs Semiconductors median · lower = cheaper
P/E (TTM)134.1× · Priciest 25%
P/B11.88× · Priciest 25%
P/S (TTM)21.41× · Priciest 25%
P/FCF1.6× · Cheaper than median
EV/EBITDA73.8× · Priciest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must AP Memory Technology Corp deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+27.2 % per year
Achieved revenue growth, 5 years+9.8 % p.a.
Sector median revenue growth+8.3 %
FCF yield on price1.70 %
Discount rate (WACC) in the models12.3 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
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.
This stockSector peers
VALUE0· sector 0
FUTURE100· sector 65
PAST53· sector 24
HEALTH100· sector 96
DIVIDEND14· sector 18
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.
None of the checked exposures detected
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Sep 7, 2026).
Is AP Memory Technology Corp (6531) overvalued or undervalued?
As of Sep 7, 2026, our model estimates a fair value of 208.25 TWD versus a price of 1,030 TWD, about −80% upside (overvalued).
What is the fair value of 6531?
Our model-based fair value for AP Memory Technology Corp is 208.25 TWD (as of Sep 7, 2026), built from audited fundamentals. The current price: 1,030 TWD.
What is the quality score of 6531?
AP Memory Technology Corp has a Quality Score of 80/100. 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 price target for AP Memory Technology Corp (6531)?
Our model-based price target is the fair value of 208.25 TWD (as of Sep 7, 2026) from 26 valuation models. Cautious scenario 159.89 TWD, optimistic scenario 249.52 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the AP Memory Technology Corp stock forecast for 2026?
Our models put fair value at 208.25 TWD, about −80% upside versus a price of 1,030 TWD (overvalued). Cautious scenario 159.89 TWD, optimistic scenario 249.52 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of AP Memory Technology Corp (6531)?
AP Memory Technology Corp reported trailing-twelve-month revenue of about 6.8B TWD (latest available figure, as of Sep 7, 2026).
What is the net profit margin of 6531?
The net profit margin of AP Memory Technology Corp is about 23.6%, meaning it keeps roughly 23.6% of revenue as net income. Based on the latest reported figures.
Does AP Memory Technology Corp pay a dividend?
AP Memory Technology Corp currently shows a dividend yield of about 0.68% relative to its recent price (as of Sep 7, 2026).
What growth is priced into AP Memory Technology Corp (6531)?
For today's price to be fair in a discounted-cash-flow model, AP Memory Technology Corp would have to grow free cash flow by +27.2 % per year for ten years (discount rate 12.3 %, then 2 % perpetual growth). Over the last 5 years revenue grew +9.8 % per year. As of Sep 7, 2026.
What discount rate (WACC) does the fair value of 6531 use?
Our models discount AP Memory Technology Corp at 12.3 %: a base by market capitalisation (mid), damped by beta 1.80, country premium for Taiwan. The same rate applies in all 26 models.
What is the intrinsic value of AP Memory Technology Corp (6531)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AP Memory Technology Corp it is 208.25 TWD per share (as of Sep 7, 2026), against a price of 1,030 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is AP Memory Technology Corp stock overvalued or undervalued in 2026?
As of Sep 7, 2026, 6531 trades above its calculated fair value: price 1,030 TWD, fair value 208.25 TWD, a gap of about −80% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 6531?
No. The price is what the market pays today (1,030 TWD); the fair value is what the company's own numbers justify (208.25 TWD). For AP Memory Technology Corp the two are 821.75 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is AP Memory Technology Corp worth?
The market values AP Memory Technology Corp at about 165B TWD (market capitalisation, as of Sep 7, 2026). Per share that is 1,030 TWD; our models calculate a fair value of 208.25 TWD per share.
What do the bullish and bearish scenarios say about 6531?
Our models span a range for AP Memory Technology Corp: cautious scenario 159.89 TWD, base 208.25 TWD, optimistic 249.52 TWD per share (as of Sep 7, 2026, price 1,030 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6531?
AP Memory Technology Corp trades at a price-to-earnings ratio of 134.1 (as of Sep 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 208.25 TWD is built from several models across several years. Other multiples: P/B 11.9, P/S 21.4, EV/EBITDA 73.8.
How solid is the balance sheet of AP Memory Technology Corp (6531)?
Balance-sheet figures for AP Memory Technology Corp (as of Sep 7, 2026): return on equity 13.3%. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is 6531 from its 52-week high?
AP Memory Technology Corp trades at 1,030 TWD, about 21% below its 52-week high of 1,305 TWD and 277% above the low of 273.00 TWD (as of Sep 7, 2026). Distance from the high says nothing about value: that is what the fair value of 208.25 TWD is for.
Which stocks are comparable to AP Memory Technology Corp?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AP Memory Technology Corp stock attractive at the current price?
The data as of Sep 7, 2026: price 1,030 TWD, calculated fair value 208.25 TWD (−80%), Quality Score 80/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 6531 calculated?
We run AP Memory Technology Corp through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 208.25 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.6 % above its aggregate fair value. AP Memory Technology Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
Free · no account needed
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.
