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Zinwell Corporation (2485) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Zinwell Corporation stock TWD 7.94, price TWD 29.10, that is 72.7% below the price, quality 55 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Technology TW · ISIN TW0002485000

ZC Zinwell Corporation logo Thin data Nov 4, 2026

Zinwell Corporation

2485 · TW
Solid, but very expensive

Our calculation puts a fair price 73% below what the stock costs today.

Low debt
Revenue last quarter +39% vs. a year ago.
Quality 55/100
Thin margins · 8.0% net margin (TTM)
Mixed vs. peers (5/12)
Fair value 7.94 TWD · Strongly overvalued (−72.7%)
Weak Growth (revenue 5y −19.9 %/yr in TWD)
Negative free cash flow
Narrow moat 22/100 · thin data
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

81.50 TWD 9.90 TWD Fair Value 7.94 TWD Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range 9.90 TWD – 81.50 TWD · fair‑value band 5.24 TWD – 9.93 TWD · the 29.10 TWD price screens above the 7.94 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

Zinwell Corporation engages in the research, manufacturing, and sale of digital cable video transmission system and digital satellite communication transmission system in Taiwan, Europe, the United States, Asia, and internationally.

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The company offers satellite and terrestrial products, such as digital channel stacking switches, low-noise block downconverters, and headend systems; digital home entertainment products, including wireless video senders, set top boxes, NextGen TV boxes, soundboxes, and soundbars; and residential broadband products.

It also provides CATV and MATV transmission products consisting of optoelectronics, CATV outdoor amplifiers, CATV outdoor passives, CATV and MATV indoor amplifiers and passive devices, and satellite TV distribution devices.

In addition, it offers system accessories, satellite TV ground receiving accessories, and RF transmission accessories. The company was incorporated in 1981 and is headquartered in New Taipei City, Taiwan.

Stock analysis

Zinwell Corporation (2485) currently trades at 29.10 TWD, while our model-based Fair Value estimate is 7.94 TWD, 73% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 92/100, which puts the data coverage at low.

Scenario range: 5.24 TWD (bear) to 9.93 TWD (bull), the price of 29.10 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 55/100 (solid quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Zinwell Corporation reported revenue of 2.6B TWD in FY2025 versus 6.3B TWD in FY2021, a compound −19.7%/yr. Reported net income was −306M TWD in FY2025.

Key figures

Market cap 11.5B TWD (≈ $352M) Small · P/E ratio 32.7 · P/S ratio 3.31 · EPS (TTM) 0.8900 TWD · Net margin 8.0% · Return on equity 5.4% · Return on assets (EBIT) −5.0% (5-year average) · Operating margin 1.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).

What moves the price

The share trades about 64% below its 52-week high and 116% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −73%, 2485 screens richer than that median.

Fair Value models

Bear 5.24 TWD Fair Value 7.94 TWD Bull 9.93 TWD
Price 29.10 TWD · Downside -72.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.7608 TWD per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) 5.24 TWD 7.94 TWD 9.93 TWD 54
All 1 models by family
Asset-Based
NCAV (Graham) 5.24 TWD 7.94 TWD 9.93 TWD 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 55/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 5
How much profit the company makes from its sales and capital
Quality Growth 76
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 90
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 38
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 62
Distance to the 52-week high, does not count
New shares 54
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−0.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−26.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−19.9%
Start year 2020 (pandemic). Over 10 years: −13.6% a year
Revenue growth 24 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.0%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−2.5% (2020) → −14.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

2485 screens overvalued: fair value 73% below the price. Compare with Cisco Systems, Inc →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Communication Equipment · 302 stocks

Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 55 · Above median
Fair Value upside −72.7% · Bottom 25%
Profitability
Return on equity (12 months) 5.4% · Above median
Return on assets −4.7% · Bottom 25%
Net margin (12 months) 8.0% · Above median
Operating margin (12 months) 1.3% · Below median
Growth and dividend
Revenue growth (quarter YoY) 38.8% · Top 25%
Balance sheet
Debt / equity 0.00× · Below median

Valuation Multiplesvs Communication Equipment median · lower = cheaper

P/E (12 months) 32.7× · Pricier than median
P/B 2.26× · Pricier than median
P/S (12 months) 3.31× · Pricier than median
EV/EBITDA 32.9× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 57
PAST (return on equity)22 · sector 21
HEALTH (low debt)100 · sector 98
DIVIDEND (yield)0 · sector 24

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cisco Systems, Inc CSCO $93.85 $105.29 +12% vs 2485
Eoptolink Technology Inc 300502 ¥172.10 ¥189.31 +10% vs 2485
Ubiquiti Inc UI $592.84 $652.12 +10% vs 2485
Zhongji Innolight Co 300308 ¥448.00 ¥342.18 −24% vs 2485
Nokia Oyj NOKIA €6.98 €3.87 −45% vs 2485
Motorola Solutions, Inc MSI $514.51 $249.63 −51% vs 2485
Foxconn Industrial Internet Co 601138 ¥40.71 ¥13.93 −66% vs 2485
Ciena Corporation CIEN $243.39 $74.58 −69% vs 2485
Yangtze Optical Fibre And Cable Joint Stock Limited 601869 ¥240.00 ¥59.92 −75% vs 2485
Lumentum Holdings LITE $538.59 $85.88 −84% vs 2485

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Zinwell Corporation: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Zinwell Corporation Fair Value". https://www.fairvalue-calculator.com/stock/2485

Frequently asked questions

Is Zinwell Corporation (2485) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 7.94 TWD versus a price of 29.10 TWD, about 73% lower (overvalued).
What is the fair value of 2485?
Our model-based fair value for Zinwell Corporation is 7.94 TWD (as of Nov 4, 2026), built from audited fundamentals. The current price: 29.10 TWD.
What is the quality score of 2485?
Zinwell Corporation has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Zinwell Corporation (2485)?
Our model-based price target is the fair value of 7.94 TWD (as of Nov 4, 2026) from 1 valuation models. Cautious scenario 5.24 TWD, optimistic scenario 9.93 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Zinwell Corporation stock forecast for 2026?
Our models put fair value at 7.94 TWD, about 73% lower versus a price of 29.10 TWD (overvalued). Cautious scenario 5.24 TWD, optimistic scenario 9.93 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Zinwell Corporation (2485)?
Zinwell Corporation reported trailing-twelve-month revenue of about 3.5B TWD (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Zinwell Corporation (2485)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zinwell Corporation it is 7.94 TWD per share (as of Nov 4, 2026), against a price of 29.10 TWD. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Zinwell Corporation stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 2485 trades above its calculated fair value: price 29.10 TWD, fair value 7.94 TWD, a gap of about −73% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2485?
No. The price is what the market pays today (29.10 TWD); the fair value is what the company's own numbers justify (7.94 TWD). For Zinwell Corporation the two are 21.16 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Zinwell Corporation worth?
The market values Zinwell Corporation at about 11.5B TWD (market capitalisation, as of Nov 4, 2026). Per share that is 29.10 TWD; our models calculate a fair value of 7.94 TWD per share.
What do the bullish and bearish scenarios say about 2485?
Our models span a range for Zinwell Corporation: cautious scenario 5.24 TWD, base 7.94 TWD, optimistic 9.93 TWD per share (as of Nov 4, 2026, price 29.10 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2485?
Zinwell Corporation trades at a price-to-earnings ratio of 32.7 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 7.94 TWD is built from several models across several years. Other multiples: P/B 2.3, P/S 3.3, EV/EBITDA 32.9.
How solid is the balance sheet of Zinwell Corporation (2485)?
Balance-sheet figures for Zinwell Corporation (as of Nov 4, 2026): return on equity 5.4%, debt of 0.00 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 2485 from its 52-week high?
Zinwell Corporation trades at 29.10 TWD, about 64% below its 52-week high of 81.50 TWD and 116% above the low of 13.50 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 7.94 TWD is for.
Which stocks are comparable to Zinwell Corporation?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zinwell Corporation stock attractive at the current price?
The data as of Nov 4, 2026: price 29.10 TWD, calculated fair value 7.94 TWD (−73%), Quality Score 55/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2485 calculated?
We run Zinwell Corporation through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 7.94 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Zinwell Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zinwell Corporation (2485)?
The closing price on Nov 6, 2026 was 29.10 TWD. Our model-based fair value is 7.94 TWD, about 73% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zinwell Corporation right now?
The price sits above even our optimistic bull case (9.93 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (5.24 TWD to 9.93 TWD) leaves room in how you read the outcome.

Key figures of Zinwell Corporation

How large is the market capitalisation of Zinwell Corporation (2485)?
The market capitalisation of Zinwell Corporation is 11.5B TWD (≈ $352M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Zinwell Corporation (2485)?
The price-to-sales ratio of Zinwell Corporation is 3.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zinwell Corporation (2485)?
Earnings per share at Zinwell Corporation are 0.8900 TWD (price ÷ EPS = P/E 32.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Zinwell Corporation (2485)?
The net margin of Zinwell Corporation is 8.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zinwell Corporation (2485)?
The return on equity (ROE) of Zinwell Corporation is 5.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zinwell Corporation (2485)?
On an EBIT basis the return on assets of Zinwell Corporation is −5.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zinwell Corporation (2485)?
The operating margin of Zinwell Corporation is 1.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zinwell Corporation (2485)?
Revenue at Zinwell Corporation is growing +38.8% versus a year earlier (3y avg −26.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Zinwell Corporation (2485)?
Earnings per share at Zinwell Corporation are growing −8.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zinwell Corporation (2485) generate?
The free cash flow of Zinwell Corporation is −632M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Zinwell Corporation (2485) hold?
Zinwell Corporation holds more cash than debt, 1.1B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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