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.
TER (TER)'s margin set covers gross margin, operating margin, net margin, and free-cash-flow margin. The five-year trajectory is plotted so the reader can separate cyclical noise from secular trend.
Margin expansion or compression is read against the revenue base: if operating margin expands while revenue grows, that is operating leverage. If gross margin compresses, the cause (mix shift, input costs, pricing) is annotated in the numbers analysis.
Peer-relative margin context lives on the parent peers tab, which sets TER's gross, operating, and net margins against four to five named peers from the same archetype and sector.
FCF margin is reported alongside operating margin so the reader can spot cases where capex intensity changes the cash-conversion read even when reported profitability is steady.
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.
