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Wiwynn Corp (6669) Fair Value & Analysis

Technology · TW · Market cap 2.6T TWD (≈ $82.3B) · ISIN TW0006669005

What is Wiwynn Corp really worth?

WC Wiwynn Corp 6669 · TW
Price2,565 TWD
Fair Value2,120 TWD
Upside−17.4%
Quality53/100

A solid business, but trading 21% above our fair value of 2,120 TWD.

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Strengths

Ranks above peers (8/13)

Risks

!Expensive Growth (revenue 5y +38.4 %/yr)
!Thin margins · 5.3% net margin
!Low debt · negative free cash flow
!Moderate moat 54/100
!Weak on valuation: 10 out of 100
!Weak on dividend: 26 out of 100
Evidence: High Range 925.96 TWD – 2,657 TWD

Fair value as of: Aug 19, 2026

From 17 valuation models · updated 17 days ago

Share price −58.5% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • 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.

Price vs Fair Value (5 years)

7,200 TWD 590.63 TWD Fair Value 2,120 TWD Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 590.63 TWD – 7,200 TWD · fair‑value band 925.96 TWD – 2,657 TWD · the 2,565 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 19, 2026.

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Analysis

Wiwynn Corp (6669) currently trades at 2,565 TWD, while our model-based Fair Value estimate is 2,120 TWD, implying the stock looks roughly 21.0% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 4,634 TWD per share, and 7 of the 17 models we run sit above the 2,565 TWD price. Bear case: the Dividend Discount group reads lowest at 424.33 TWD, and 10 of the 17 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Wiwynn Corp 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 19, 2026

Our scenario range runs from 925.96 TWD (bear case) to 2,657 TWD (bull case); at 2,565 TWD, the current price sits within 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 56% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −53% fair-value upside, at −17%, 6669 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 179.63 TWD per share, which is 8.5 % 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.

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
EPV best evidence 989.71 TWD 1,145 TWD 1,283 TWD 74
ROIC Compounder 1,153 TWD 1,590 TWD 2,154 TWD 69
Owner Earnings 1,309 TWD 2,918 TWD 6,446 TWD 68
All 17 models by family
DCF Models
Owner Earnings 1,309 TWD 2,918 TWD 6,446 TWD 68
Earnings-Based
Graham-Dodd 623.48 TWD 4,348 TWD 6,102 TWD 61
Lynch FV 2,246 TWD 3,209 TWD 4,172 TWD 59
PEG = 1.0 2,246 TWD 3,209 TWD 4,172 TWD 55
EPV best evidence 989.71 TWD 1,145 TWD 1,283 TWD 74
Dividend Discount
Gordon GGM 237.27 TWD 518.00 TWD 871.56 TWD 63
DDM Multi-Stage 237.27 TWD 424.33 TWD 539.84 TWD 64
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 66
EV/EBITDA 1,724 TWD 2,262 TWD 2,799 TWD 67
EV/Revenue 1,154 TWD 1,602 TWD 2,049 TWD 54
Asset-Based
NCAV (Graham) 111.79 TWD 149.80 TWD 223.58 TWD 54
Economic Profit
Residual Income 814.75 TWD 1,247 TWD 19,338 TWD 61
ROIC Compounder 1,153 TWD 1,590 TWD 2,154 TWD 69
Growth Earnings
Growth-Adj P/E 3,244 TWD 4,634 TWD 6,024 TWD 65

Widest divergence: Growth Earnings (4,634 TWD) versus Asset-Based (149.80 TWD). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 21.3 as of Jun 7, 2026
P/S ratio 1.15 P/E × margin
EPS (TTM) 265.45 TWD price ÷ EPS = P/E 21.3
Dividend yield 1.3% payout 12.6%
Net margin 5.4% FY2025
Return on equity 46.4% TTM
More key figures
Profitability
Return on assets (EBIT) 17.2% avg 5y
Operating margin 6.3% TTM
Growth
Revenue (TTM) 1.1T TWD TTM
Revenue growth (YoY) +62.0% 3y avg +48.1%
EPS growth (YoY) +43.5%
Balance sheet & cash flow
Free cash flow −14.3B TWD FY2025
Net debt 17.2B TWD FY2025

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 53 · Market factors (momentum, volatility) 24

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 25
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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.

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

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 Corp 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. 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.
+48.1%
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.
+38.4%
Avg. revenue 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%
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.
+41.4% (40.1 + 1.3)
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 %

of which total revenue +47.5 % · buybacks/dilution −10.4 %

EBIT margin +15.6 %
Tax rate −0.3 %
Residual (interest, one-offs) +1.0 %

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).

6669 screens 21% overvalued. Compare with Dell Technologies Inc →

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

Peer Group

Computer Hardware · 222 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 −17% · Above median
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) 1.3% · Below median
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 21.3× · 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

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE10 · sector 0
FUTURE100 · sector 59
PAST100 · sector 24
HEALTH89 · sector 97
DIVIDEND26 · sector 37

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Dell Technologies Inc DELL $456.24 $187.75 −59%
Arista Networks, Inc ANET $201.09 $57.72 −71%
Western Digital Corporation WDC $441.57 $47.49 −89%
Hygon Information Technology Co 688041 ¥246.21 ¥30.66 −88%
Hangzhou Hikvision Digital Technology Co 002415 ¥35.18 ¥40.44 +15%
Shenzhen Longsys Electronics Co 301308 ¥376.88 ¥91.67 −76%
Lenovo Group 0992 HK$30.12 HK$33.70 +12%
Dawning Information Industry Co 603019 ¥83.19 ¥39.38 −53%
HP Inc HPQ $30.52 $48.62 +59%
Inspur Electronic Information Industry Co 000977 ¥73.79 ¥44.02 −40%

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Frequently asked questions

Is Wiwynn Corp (6669) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 2,120 TWD versus a price of 2,565 TWD, about −17% upside (overvalued).
What is the fair value of 6669?
Our model-based fair value for Wiwynn Corp is 2,120 TWD (as of Aug 19, 2026), built from audited fundamentals. The current price: 2,565 TWD.
What is the quality score of 6669?
Wiwynn Corp 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 Corp (6669)?
Wiwynn Corp reported trailing-twelve-month revenue of about 1.1T TWD (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 6669?
The net profit margin of Wiwynn Corp is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. Based on the latest reported figures.
Does Wiwynn Corp pay a dividend?
Wiwynn Corp currently shows a dividend yield of about 1.31% relative to its recent price (as of Aug 19, 2026).
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