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eMemory Technology Inc.TPEX:3529 Stock Report

Market Cap NT$323.8b
Share Price
NT$4.34k
NT$3.19k
35.9% overvalued intrinsic discount
1Y74.8%
7D11.3%
Portfolio Value
View

eMemory Technology Inc.

TPEX:3529 Stock Report

Market Cap: NT$323.8b

eMemory Technology (3529) Stock Overview

Engages in the research, development, manufacturing, and sales of embedded flash memory in Taiwan and internationally. More details

3529 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance5/6
Financial Health6/6
Dividends0/6

3529 Community Fair Values

Create Narrative

See what 20 others think this stock is worth. Follow their fair value or set your own to get alerts.

eMemory Technology Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for eMemory Technology
Historical stock prices
Current Share PriceNT$4,335.00
52 Week HighNT$4,785.00
52 Week LowNT$1,490.00
Beta1.21
1 Month Change51.05%
3 Month Change134.32%
1 Year Change74.80%
3 Year Change140.17%
5 Year Change409.40%
Change since IPO9,146.65%

Recent News & Updates

Narrative Update May 05

3529: Fair Value View Will Rely On Future Margin And P/E Assumptions

Analysts now see eMemory Technology's fair value at NT$4,500, up from NT$3,958, citing revised assumptions for revenue growth, profit margins, discount rate, and future P/E as the key drivers behind the new price target. Valuation Changes Fair Value: NT$4,500, up from NT$3,958, indicating a higher assessed valuation for the stock.
Narrative Update Apr 20

3529: Rich P E Expectations Will Likely Limit Future Upside

Analysts have raised their fair value estimate for eMemory Technology from about NT$2,856 to around NT$3,189, citing projections that now incorporate slightly higher revenue growth, improved profit margins, a higher future P/E multiple, and a modestly lower discount rate. Valuation Changes Fair Value: The updated estimate has risen from NT$2,855.83 to NT$3,189.17.
Narrative Update Apr 06

3529: Stable Outlook Will Keep Rich Future P/E In Focus

Analysts kept their NT$2,435 price target for eMemory Technology steady. They cited only minor adjustments to inputs such as the discount rate, revenue growth outlook, profit margin assumptions, and future P/E that offset one another in their valuation work.
Narrative Update Mar 22

3529: Lower Growth And Margin Outlook Will Pressure Rich Future P/E

Analysts have revised their price target on eMemory Technology from NT$2,500 to NT$2,435, citing updated assumptions for revenue growth, profit margins, and a higher discount rate, partly offset by a higher future P/E multiple. Valuation Changes Fair Value: updated from NT$2,500.0 to NT$2,435.0, indicating a modest downward revision in the target valuation.

Recent updates

Narrative Update May 05

3529: Fair Value View Will Rely On Future Margin And P/E Assumptions

Analysts now see eMemory Technology's fair value at NT$4,500, up from NT$3,958, citing revised assumptions for revenue growth, profit margins, discount rate, and future P/E as the key drivers behind the new price target. Valuation Changes Fair Value: NT$4,500, up from NT$3,958, indicating a higher assessed valuation for the stock.
Narrative Update Apr 20

3529: Rich P E Expectations Will Likely Limit Future Upside

Analysts have raised their fair value estimate for eMemory Technology from about NT$2,856 to around NT$3,189, citing projections that now incorporate slightly higher revenue growth, improved profit margins, a higher future P/E multiple, and a modestly lower discount rate. Valuation Changes Fair Value: The updated estimate has risen from NT$2,855.83 to NT$3,189.17.
Narrative Update Apr 06

3529: Stable Outlook Will Keep Rich Future P/E In Focus

Analysts kept their NT$2,435 price target for eMemory Technology steady. They cited only minor adjustments to inputs such as the discount rate, revenue growth outlook, profit margin assumptions, and future P/E that offset one another in their valuation work.
Narrative Update Mar 22

3529: Lower Growth And Margin Outlook Will Pressure Rich Future P/E

Analysts have revised their price target on eMemory Technology from NT$2,500 to NT$2,435, citing updated assumptions for revenue growth, profit margins, and a higher discount rate, partly offset by a higher future P/E multiple. Valuation Changes Fair Value: updated from NT$2,500.0 to NT$2,435.0, indicating a modest downward revision in the target valuation.
Narrative Update Mar 08

3529: Higher Margins And Disciplined P/E Will Support Future Upside

Analysts have nudged their 12 month price target for eMemory Technology slightly lower from NT$2,880 to about NT$2,856, reflecting updated views that combine more measured revenue growth assumptions with stronger profit margin expectations and a modestly lower future P/E multiple. Valuation Changes Fair Value: Adjusted slightly lower from NT$2,880.00 to about NT$2,855.83, reflecting more updated inputs.
Narrative Update Feb 22

3529: Higher Margin Outlook Will Support Long-Term Upside Despite Lower Future P/E

Analysts have raised their fair value estimate for eMemory Technology from NT$2,435 to NT$2,500, citing updated assumptions that combine a slightly lower discount rate and revenue growth outlook with a higher expected profit margin and a reduced future P/E multiple. Valuation Changes Fair Value: NT$2,435 to NT$2,500, a modest upward adjustment to the estimated intrinsic value.
Narrative Update Feb 08

3529: Disciplined P/E And Strong Margins Will Support Future Upside

Analysts have trimmed their fair value estimate for eMemory Technology from NT$2,930.83 to NT$2,880.00, citing slightly lower modeled revenue growth, a marginally reduced discount rate, and a small adjustment to assumed future P/E and profit margin. Valuation Changes Fair Value Estimate: Trimmed slightly from NT$2,930.83 to NT$2,880.00.
Narrative Update Jan 25

3529: Stronger Profit Outlook Will Support Long-Term Upside Despite Lower Future P/E

Analysts have trimmed their fair value estimate for eMemory Technology from NT$2,550 to about NT$2,435, citing updated assumptions that include a slightly higher discount rate, modestly stronger revenue growth and profit margin expectations, and a lower future P/E multiple. Valuation Changes Fair Value Estimate was reduced from NT$2,550 to about NT$2,435, implying a slightly more conservative overall appraisal.
Narrative Update Jan 09

3529: Higher Margins And disciplined P/E Will Support Future Upside Potential

Analysts have reduced their fair value estimate for eMemory Technology from $2,963.33 to $2,930.83, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that result in a slightly more conservative overall outlook. Valuation Changes Fair value estimate trimmed from NT$2,963.33 to NT$2,930.83, reflecting a slightly more conservative view on the stock’s worth.
Narrative Update Dec 21

3529: Stronger Revenue Outlook Will Support Long-Term Upside Despite Higher Risk

Analysts have maintained their fair value estimate for eMemory Technology at NT$2,550, reflecting offsetting revisions to assumptions such as a higher discount rate, faster anticipated revenue growth, slightly lower profit margins, and a modestly reduced future P/E multiple. Valuation Changes Fair Value Estimate remains unchanged at NT$2,550, indicating that the overall valuation outcome is stable despite underlying assumption tweaks.
Narrative Update Dec 07

3529: Strong Margins And Earnings Multiple Will Support Future Upside Potential

Analysts have modestly maintained their fair value estimate for eMemory Technology at approximately TWD 2,963.33 per share, citing a slightly lower discount rate and largely unchanged expectations for robust revenue growth, strong profit margins, and elevated future price earnings multiples as support for the sustained target level. Valuation Changes The fair value estimate remained unchanged at approximately NT$2,963.33 per share, indicating no revision to the underlying intrinsic value assessment.
Narrative Update Nov 23

3529: Higher Projected Revenue Will Offset Lower Margin Expectations

Analysts have revised their price target for eMemory Technology downward from NT$3,035 to approximately NT$2,963, citing updated expectations for higher revenue growth, lower profit margins, and a slight increase in discount rates. Valuation Changes Fair Value Estimate decreased moderately from NT$3,035 to approximately NT$2,963.
Narrative Update Aug 19

Edge AI And Post-Quantum Cryptography Will Shape Future Opportunities

The downward revision in eMemory Technology’s price target reflects concerns over a rising future P/E and a weakening net profit margin, resulting in a new consensus fair value of NT$3110. What's in the News eMemory Technology approved an amendment to its Articles of Incorporation at its AGM.
User avatar
New Narrative Nov 30

Cutting-Edge Innovation And Tactical Partnerships Propel Future Growth In AI And Security Markets

Strategic partnerships and advanced tech development position eMemory for future revenue growth and enhanced market position through licensing and royalties.

Shareholder Returns

3529TW SemiconductorTW Market
7D11.3%9.2%6.7%
1Y74.8%149.5%98.2%

Return vs Industry: 3529 underperformed the TW Semiconductor industry which returned 149.5% over the past year.

Return vs Market: 3529 underperformed the TW Market which returned 98.2% over the past year.

Price Volatility

Is 3529's price volatile compared to industry and market?
3529 volatility
3529 Average Weekly Movement12.1%
Semiconductor Industry Average Movement9.5%
Market Average Movement6.0%
10% most volatile stocks in TW Market12.2%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 3529's share price has been volatile over the past 3 months compared to the TW market.

Volatility Over Time: 3529's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
2000n/aMichael Howww.ememory.com.tw

eMemory Technology Inc. engages in the research, development, manufacturing, and sales of embedded flash memory in Taiwan and internationally. The company offers security products, such as NeoPUF, a hardware security technology; PUFrt, which delivers a secure hardware root of trust; PUFcc, a crypto coprocessor integrating key generation, storage, and encryption; PUFhsm, an embedded hardware security module; and PUFPQC for post-quantum security. It also provides PUF flash series, including SoC, protecting embedded, NAND, and NOR Flash; NeoBit, a programmable logic device; NeoFuse, an anti-fuse solution; NeoEE, a single-poly embedded memory device; NeoMTP, a single-poly embedded memory device; and EcoBit, an ultra-low-power embedded logic MTP solution.

eMemory Technology Inc. Fundamentals Summary

How do eMemory Technology's earnings and revenue compare to its market cap?
3529 fundamental statistics
Market capNT$323.77b
Earnings (TTM)NT$2.05b
Revenue (TTM)NT$4.03b
158.2x
P/E Ratio
80.3x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3529 income statement (TTM)
RevenueNT$4.03b
Cost of RevenueNT$0
Gross ProfitNT$4.03b
Other ExpensesNT$1.98b
EarningsNT$2.05b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)27.40
Gross Margin100.00%
Net Profit Margin50.76%
Debt/Equity Ratio0%

How did 3529 perform over the long term?

See historical performance and comparison

Dividends

0.5%
Current Dividend Yield
75%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/09 08:42
End of Day Share Price 2026/05/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

eMemory Technology Inc. is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sebastian HouBarclays
Mike YangBofA Global Research
Yu-Pin HsiaHSBC