Taiwanese Undervalued over 20% based on DCF

ASE Technology Holding

Market Cap: NT$1.6t

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

Quanta Computer

Market Cap: NT$1.1t

Manufactures, processes, and sells laptop computers and telecommunication products in the United States, Mainland China, the Netherlands, Japan, and internationally.

CTBC Financial Holding

Market Cap: NT$1.1t

Engages in corporate and personal finance, life insurance, and other businesses in Taiwan, Asia, and North America.

Cathay Financial Holding

Market Cap: NT$1.1t

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Yuanta Financial Holding

Market Cap: NT$611.2b

Provides financial services in Taiwan.

Nan Ya Printed Circuit Board

Market Cap: NT$367.0b

Manufactures and sells printed circuit boards (PCBs) in Taiwan, the United States, Mainland China, Korea, and internationally.

Phison Electronics

Market Cap: NT$338.9b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

KGI Financial Holding

Market Cap: NT$337.8b

Operates as a financial company in Taiwan and internationally.

Far EasTone Telecommunications

Market Cap: NT$333.5b

Engages in the provision of telecommunications and digital application services in Taiwan.

Largan Precision

Market Cap: NT$283.9b

Designs, manufactures, and sells precision optical plastic lenses in China, South Korea, Vietnam, Japan, Taiwan, and internationally.

Lotes

Market Cap: NT$228.9b

Designs, manufactures, and sells electronic interconnect and hardware components in Taiwan, Mainland China, and internationally.

Wan Hai Lines

Market Cap: NT$218.9b

Operates as a fully containerized shipping company in Asia, the Middle East, India, Red Sea, the United States, and South America.

International Games SystemLtd

Market Cap: NT$212.8b

Plans, designs, researches, develops, manufactures, markets, services, and licenses arcade, online, and mobile games in Taiwan, the United Kingdom, Curacao, and Malta.

Tripod Technology

Market Cap: NT$182.1b

Processes, manufactures, and sells printed circuit boards and other related components in Taiwan, China, Vietnam, Thailand, South Korea, Malaysia, Mexico, and internationally.

Taiwan Union Technology

Market Cap: NT$179.3b

Manufactures and sells copper clad laminates in Asia and internationally.

E Ink Holdings

Market Cap: NT$163.4b

Researches, develops, manufactures, and sells electronic paper display panels worldwide.

Kinsus Interconnect Technology

Market Cap: NT$153.5b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

Caliway Biopharmaceuticals

Market Cap: NT$148.8b

Engages in the development of drugs for aesthetic medicine and chronic inflammation.

Taiwan Business Bank

Market Cap: NT$148.2b

Engages in the provision of banking products and services to small and medium enterprise in Taiwan, the United States, Hong Kong, Australia, China, Cambodia, and Japan.

Far Eastern New Century

Market Cap: NT$142.6b

Manufactures and sells polyester materials and textiles in Taiwan, China, and internationally.

Walsin Lihwa

Market Cap: NT$133.4b

Engages in the manufacture and sale of wires and cables, and stainless-steel products in Asia, the United States, Europe, and internationally.

Fositek

Market Cap: NT$129.2b

Engages in the design and manufacturing of various metal stamping products in Asia, the United States, and Europe.

Chenbro Micom

Market Cap: NT$105.4b

Engages in the research and development, design, manufacture, processing, and sale of computer peripherals and their consumables and main systems in the United States, China, Taiwan, Singapore, Europe, and internationally.

Cheng Shin Rubber Ind

Market Cap: NT$102.3b

Together with subsidiaries, processes, manufactures, and trades in bicycle and electrical vehicle tires, reclaimed rubbers, rubbers and resins, and other rubber products.

Nien Made Enterprise

Market Cap: NT$98.7b

Engages in the research, development, design, manufacture, and sale of various types of window coverings and related components in the United States, Europe, and internationally.

Acter Group

Market Cap: NT$86.7b

Provides engineering services in Taiwan, Mainland China, and other Asian countries.

Auras Technology

Market Cap: NT$83.7b

Engages in the manufacturing, processing, and retailing of electronic materials and computer cooling modules in China, Taiwan, Ireland, Singapore, the United States, and internationally.

Micro-Star International

Market Cap: NT$73.7b

Engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally.

Chung-Hsin Electric and Machinery Manufacturing

Market Cap: NT$71.1b

Chung-Hsin Electric and Machinery Manufacturing Corp.

Tatung

Market Cap: NT$64.6b

Through its subsidiaries, provides energy saving and green energy related systems and services in Taiwan, Rest of Asia, Europe, America, and internationally.

Chipbond Technology

Market Cap: NT$62.5b

Engages in the research, development, manufacture, and sale of driver IC and non-driver IC packaging and testing services in Taiwan and internationally.

Marketech International

Market Cap: NT$61.6b

Manufactures, sells, imports, and trades in a range of integrated circuits, semiconductors, electrical and computer equipment and materials, chemicals, gas, spare parts, and components in Taiwan, China, the United States, and internationally.

Getac Holdings

Market Cap: NT$61.4b

Researches, develops, manufactures, and sells notebook computers and related products in China, the United States, Europe, and internationally.

C Sun Mfg

Market Cap: NT$59.7b

Provides various processing equipment in Taiwan, China, and internationally.

Makalot Industrial

Market Cap: NT$54.0b

Operates as an apparel manufacturer in the United States and internationally.