TER trades against a final fair-value range of $141.55-$251.10, with the midpoint set by the accepted valuation synthesis rather than earlier draft model outputs. Fair value range: low $142, high $251, with mid-point at $194.
Currently screens above fair value, so patience matters more than entry speed.
Fair value
$194
Margin of safety
-85.0%
Confidence
76/100
Moat
6.5/10
Educational research only - not investment advice, an offer, or a trade instruction. Confirm current data and do your own due diligence before acting.
$359.77Price
Low $141.55
Mid $194.42
High $251.1
TER trades against a final fair-value range of $141.55-$251.10, with the midpoint set by the accepted valuation synthesis rather than earlier draft model outputs.
Intangible assets in highly complex
Intangible assets in highly complex SoC ATE testing.
High switching costs for fabless
High switching costs for fabless and IDMs locked into FLEX platforms.
Cycle upside
AI silicon complexity and advanced packaging density dramatically increase structural test intensity and duration.
Free cash flow for TER (TER) is computed as operating cash flow minus capital expenditure. We report both the absolute level and the FCF margin against revenue, with five years of trajectory.
Operating cash flow is the primary signal: when OCF is negative or significantly below net income, the cash-flow subsection flags the divergence and traces the cause to working-capital, deferred-revenue, or earnings-quality effects.
Capital expenditure is reported as a percentage of revenue alongside the absolute number. Heavy investment phases are separated from harvesting phases so reinvestment intent is legible.
The financing activity row tracks dividends paid, share repurchases, and net debt issuance. Together with FCF, it answers whether buybacks and dividends are funded organically or by issuing debt.
FAQ
TER — frequently asked questions
Based on our latest analysis, TER looks meaningfully overvalued. The current price is $360 versus a composite fair-value midpoint of $194 (range $142–$251), which implies roughly 46.0% downside to the midpoint.
Our composite fair-value range for TER is $142–$251, with a midpoint of $194. The range is triangulated across multiple valuation models (discounted earnings, forward earnings scenarios, peer multiples, and where applicable owner earnings or reverse DCF) and weighted by reliability for TER's archetype.
Our current rating for TER is Sell with a confidence score of 76/100. TER is rated Sell at $359.77 versus the reconciled fair value midpoint of $194.42, implying -45.96% upside/downside. Confidence is separately disclosed at 76/100. This is research for educational purposes, not personalized investment advice.
The top risks our latest report flags for TER are: Robotics Stagnation; Mobile End-Market Collapse; Valuation Reality Check. The single biggest risk is Robotics Stagnation: Industrial macro slowdown and rising competition severely compress UR and MiR growth, eliminating the premium multiple.
Our current rating for TER is Sell, issued with a confidence score of 76/100 and a moat score of 6.5/10. The rating reflects the composite fair-value range ($142–$251) versus the current price of $360.
TER is classified as a mature compounder stock. Archetype determines how every downstream parameter — discount rate, terminal growth, deceleration curve, terminal multiple, scenario probability weights, scorecard weights, and which valuation models are prioritized — is calibrated for TER.
