Obermatt

Alchip Technologies

TAI:3661 · KYG022421088
Semiconductors & Semiconductor EquipmentMedium

360

81
EV / EBIT68
Price / Owner Earnings40
Owner Earnings Yield67
Dividend Yield39
Price/Sales42
EV / Gross Profit28
Price/Book18
Return on Capital60
Cash Return on Capital75
Return on Equity58
EBIT Margin72
Gross Profitability25
Cash Conversion9
Accruals12
Owner Earnings Margin89
Sales growth89
Profit Growth66
Long-Term EPS Growth79
Owner Earnings Growth48
Reinvestment76
Price momentum25
Debt load91
Refinancing29
Debt Payback100
Liquidity91
Analyst ratings72
Opinion Changes50
Price Target Upside93
Market mood100
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Alchip Technologies clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryTaiwan
IndustrySemiconductors & Semiconductor Equipment
SizeMedium
TypePublic Company
ExchangeTWSE
Founded2003
Employees181
Websitealchip.com
ISINKYG022421088
Last UpdateApr 2, 2026
Themes
Software DevelopmentSupercomputersArtificial IntelligenceDetectors, Sensors and MemsElectronicsManufacturingProduct Design

Description

Alchip Technologies, Limited is engaged in the research and development, design, and manufacturing of Application-Specific Integrated Circuits (ASIC) and System-on-Chip (SOC) products, as well as the provision of related services. The company’s core…

Analysis

Middle-of-the-road

Alchip Technologies, Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is expensive. You pay 46.1× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 17% yearly growth; analysts expect 44%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is sturdy. The company scores 10/20 on our value-creation score: creating some value.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
90
2023202420252026

All-time high

92

Jan 2025

All-time low

49

Jan 2023

Average rank

76

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
42
16
16
15
Price/Earnings
44
15
14
7
Price/Book
18
5
5
23
Dividend Yield
39
24
10
31
Value (overall)
27
5
5
11

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →