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Wiwynn Corporation (6669) Fair Value & Analysis

Technology · TW · Market cap 2.6T TWD

WC Wiwynn Corporation 6669 · TW
Price6,435 TWD
Fair Value2,120 TWD
Upside-67.1%
Quality53/100
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Expensive Growth
Thin margins · 5.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/13)
Moderate moat 54/100
Evidence: High Range 925.96 TWD – 2,657 TWD Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from 1,559 TWD to 2,120 TWD (+36.0%) since Jul 20, 2026. Share price +26.3% over the past month.

A solid business, but screening 67% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2,657 TWD). The favourable scenario is already priced in.
  • The model range is unusually wide (925.96 TWD to 2,657 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

6,435 TWD 590.63 TWD Fair Value 2,120 TWD Mar 2021 Aug 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 590.63 TWD – 6,435 TWD · fair‑value band 925.96 TWD – 2,657 TWD · the 6,435 TWD price screens above the 2,120 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

Wiwynn Corporation (6669) currently trades at 6,435 TWD, while our model-based Fair Value estimate is 2,120 TWD, implying the stock looks roughly 67.1% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Wiwynn Corporation generated revenue of 1.1T TWD at a net margin of 5.3%. Revenue grew 62.0% year over year. It earns a return on equity of 46.4%. Net debt stands at 17.2B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 925.96 TWD (bear case) to 2,657 TWD (bull case); at 6,435 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 near its 52-week high and 173% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -67%, 6669 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (149.80 TWD to 4,634 TWD). Read the values as a conservative anchor, not as a price target.
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
Residual Income 814.75 TWD 1,247 TWD 19,338 TWD 76
ROIC Compounder 1,153 TWD 1,590 TWD 2,154 TWD 72
Gordon GGM 237.27 TWD 518.00 TWD 871.56 TWD 70
All 17 models by family
DCF Models
Owner Earnings 1,309 TWD 2,918 TWD 6,446 TWD 31
Earnings-Based
Graham-Dodd 623.48 TWD 4,348 TWD 6,102 TWD 54
Lynch FV 2,246 TWD 3,209 TWD 4,172 TWD 50
PEG = 1.0 2,246 TWD 3,209 TWD 4,172 TWD 46
EPV 989.71 TWD 1,145 TWD 1,283 TWD 59
Dividend Discount
Gordon GGM 237.27 TWD 518.00 TWD 871.56 TWD 70
DDM Multi-Stage 237.27 TWD 424.33 TWD 539.84 TWD 61
Multiples
P/E Multiple 1,925 TWD 2,567 TWD 3,209 TWD 63
P/S Multiple 1,169 TWD 1,559 TWD 1,948 TWD 58
P/B Multiple 1,006 TWD 1,342 TWD 1,677 TWD 55
EV/EBIT 2,175 TWD 2,863 TWD 3,550 TWD 53
EV/EBITDA 1,724 TWD 2,262 TWD 2,799 TWD 54
EV/Revenue 1,154 TWD 1,602 TWD 2,049 TWD 43
Asset-Based
NCAV (Graham) 111.79 TWD 149.80 TWD 223.58 TWD 50
Economic Profit
Residual Income 814.75 TWD 1,247 TWD 19,338 TWD 76
ROIC Compounder 1,153 TWD 1,590 TWD 2,154 TWD 72
Growth Earnings
Growth-Adj P/E 3,244 TWD 4,634 TWD 6,024 TWD 68

Widest divergence: Growth Earnings (4,634 TWD) versus Asset-Based (149.80 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.1T TWD
Revenue growth (YoY) +62.0%
Net margin 5.3%
Return on equity 46.4%
Free cash flow −14.3B TWD FY2025
P/E ratio 24.2
More key figures
Operating margin 6.3%
EPS (TTM) 265.45 TWD
EPS growth (YoY) +43.5%
Net debt 17.2B TWD FY2025

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 53 · Market factors (momentum, volatility) 75

Profitability 72
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 90
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 47
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.

About the company

Wiwynn Corporation engages in the research, development, design, testing, and sales of semi products, and peripheral equipment and parts in the United States, Europe, Asia, and internationally.

Full company description

Wiwynn Corporation engages in the research, development, design, testing, and sales of semi products, and peripheral equipment and parts in the United States, Europe, Asia, and internationally. The company also offers computer and peripheral equipment, data storage media products, electric appliances, and software products; and provides management consulting, information software, and data processing services. In addition, it provides multi-node and storage server, storage, open rack, edge/ai platform, multi-purpose server, and rack; accessories, including OCP network mezzanine cards and cards for storage; and software and services. Further, the company is involved in the manufacture and sale of cloud data center equipment; and investment activities. Wiwynn Corporation was incorporated in 2012 and is headquartered in New Taipei City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wiwynn Corporation reported revenue of 951B TWD in FY2025 versus 193B TWD in FY2021, a compound +49.0%/yr. Reported net income was 51.1B TWD in FY2025, compounding +55.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
951B TWD
Latest YoY
+163.7%
Avg. 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.
+48.1%
Avg. 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.
+38.4%
Avg. growth/yr (11Y) 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.
+62.4%
Revenue +49.0%/yr
FY21 193B TWD
FY22 293B TWD
FY23 242B TWD
FY24 361B TWD
FY25 951B TWD
Net income +55.9%/yr
FY21 8.6B TWD
FY22 14.2B TWD
FY23 12.0B TWD
FY24 22.8B TWD
FY25 51.1B TWD
Character of growth · EPS growth decomposed (2014-2025) +53.8 % p.a.
Revenue per share +32.1 pp

of which total revenue +47.5 pp · buybacks/dilution −15.3 pp

EBIT margin +15.6 pp
Tax rate −0.3 pp
Residual (interest, one-offs) +6.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

6669 screens 67% overvalued. Compare with Dell Technologies Inc →

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Cite: Fair Value Calculator (2026). "Wiwynn Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6669

Peer Group

Computer Hardware · 224 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 53 · Above median
Fair Value upside −67% · Bottom 25%
Return on equity (TTM) 46% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth 62% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 24.2× · Cheaper than median
P/B 20.95× · Pricier than 75% of peers
P/S (TTM) 2.47× · Pricier than median
EV/EBITDA 35.7× · Pricier than 75% of peers

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 · sector 0
FUTURE 100 · sector 59
PAST 100 · sector 23
HEALTH 89 · sector 97
DIVIDEND 0 · sector 42

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Dell Technologies Inc DELL $484.50 $187.75 -61%
Arista Networks, Inc ANET $210.50 $57.72 -73%
Western Digital Corporation WDC $454.10 $90.94 -80%
Hygon Information Technology Co 688041 ¥287.66 ¥30.66 -89%
Hangzhou Hikvision Digital Technology Co 002415 ¥36.47 ¥40.44 +11%
Shenzhen Longsys Electronics Co 301308 ¥414.30 ¥91.67 -78%
Lenovo Group 0992 HK$29.04 HK$4.30 -85%
Dawning Information Industry Co 603019 ¥86.42 ¥39.38 -54%
Inspur Electronic Information Industry Co 000977 ¥75.02 ¥44.02 -41%
Lite-On Technology Corporation 2301 269.50 TWD 121.96 TWD -55%

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Frequently asked questions

Is Wiwynn Corporation (6669) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 2,120 TWD versus a price of 6,435 TWD, about −67% (overvalued).
What is the fair value of 6669?
Our model-based fair value for Wiwynn Corporation is 2,120 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 6,435 TWD.
What is the quality score of 6669?
Wiwynn Corporation has a Quality Score of 53/100. 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 Wiwynn Corporation (6669)?
Wiwynn Corporation reported trailing-twelve-month revenue of about 1.1T TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6669?
The net profit margin of Wiwynn Corporation is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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