Franbo Lines (2641) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Franbo Lines stock TWD 10.25, price TWD 16.05, that is 36.1% below the price, quality 36 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 13.41 TWD – 35.96 TWD · fair‑value band 6.42 TWD – 14.08 TWD · the 16.05 TWD price screens above the 10.25 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Franbo Lines Corp., together with its subsidiaries, provides shipping services in Taiwan, Japan, Thailand, Singapore, Canada, Ireland, Panama, and Marshall Islands. It operates in two segments, Shipping and Construction.
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The company owns and constructs vessels; and offers ship chartering, agency, and consultancy, as well as bulk carrier brokerage, ocean freight forwarding and contracting, and other related services.
It also provides ship management services, including ship safety and environmental protection, ship maintenance and supply, repair and construction supervision, insurance and legal affairs, and crew recruitment and training management.
The company was incorporated in 1998 and is based in Kaohsiung, Taiwan.
Stock analysis
Franbo Lines (2641) currently trades at 16.05 TWD, while our model-based Fair Value estimate is 10.25 TWD, 36% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 38.52 TWD per share, and 10 of the 15 models we run sit above the 16.05 TWD price.
Bear case: the Dividend Discount group reads lowest at 5.45 TWD, and 5 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6.42 TWD (bear) to 14.08 TWD (bull), the price of 16.05 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 36/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Franbo Lines reported revenue of 2.4B TWD in FY2025 versus 1.2B TWD in FY2021, a compound +17.9%/yr. Reported net income was 646M TWD in FY2025, compounding +14.5%/yr from FY2021.
Key figures
Market cap 5.2B TWD (≈ $160M) Micro · P/E ratio 7.9 · P/S ratio 2.11 · EPS (TTM) 2.04 TWD · Dividend yield 3.1% · Net margin 30.7% · Return on equity 10.0% · Return on assets (EBIT) 8.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at −36%, 2641 screens richer than that median.
Fair Value models
Bear6.42 TWDFair Value 10.25 TWDBull14.08 TWD
Price 16.05 TWD · Downside -36.1%
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 (1.32 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
Residual Income18.32 TWD18.81 TWD20.51 TWD76
EPV3.39 TWD5.39 TWD7.02 TWD72
ROIC Compounder3.39 TWD5.39 TWD7.02 TWD71
All 16 models by family
Earnings-Based
Graham-Dodd13.30 TWD64.91 TWD89.44 TWD64
Lynch FV17.42 TWD24.88 TWD32.34 TWD61
PEG = 1.017.42 TWD24.88 TWD32.34 TWD57
EPV3.39 TWD5.39 TWD7.02 TWD72
Dividend Discount
Gordon GGM3.32 TWD5.60 TWD7.30 TWD68
DDM Multi-Stage3.32 TWD5.30 TWD6.02 TWD67
Multiples
P/E Multiple30.81 TWD41.07 TWD51.34 TWD63
P/S Multiple10.75 TWD14.34 TWD17.92 TWD58
P/B Multiple16.34 TWD21.79 TWD27.24 TWD55
EV/EBIT18.34 TWD29.29 TWD40.23 TWD64
EV/EBITDA26.12 TWD39.65 TWD53.19 TWD66
EV/Revenuen/an/a2.29 TWD50
Asset-Based
NCAV (Graham)12.21 TWD16.37 TWD24.43 TWD54
Economic Profit
Residual Income18.32 TWD18.81 TWD20.51 TWD76
ROIC Compounder3.39 TWD5.39 TWD7.02 TWD71
Growth Earnings
Growth-Adj P/E26.97 TWD38.52 TWD50.08 TWD67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+43.1%
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.
+17.3%
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.
+25.9%
Start year 2020 (pandemic). Over 10 years: +12.6% a year
Revenue growth 15 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.
+14.8%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+30.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.7%
Dividend (yield on the price)3.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.27.7% vs 13.6%, picking up
Profit margin 2020 to 2025 ⓘ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.22% → 36%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 4.0%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
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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.Marine Shipping · 220 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−36.1% · Bottom 25%
Profitability
Return on equity (12 months)10.0% · Above median
Return on assets4.3% · Below median
Net margin (12 months)30.7% · Top 25%
Operating margin (12 months)34.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)3.8% · Below median
Dividend yield (12 months)3.1% · Above median
Balance sheet
Debt / equity0.68× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/E (12 months)7.9× · Cheaper than median
P/B0.65× · Cheapest 25%
P/S (12 months)2.11× · Pricier than median
EV/EBITDA6.6× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 43
FUTURE (revenue growth)19· sector 60
PAST (return on equity)40· sector 36
HEALTH (low debt)66· sector 89
DIVIDEND (yield)62· sector 61
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Franbo Lines Fair Value". https://www.fairvalue-calculator.com/stock/2641
Frequently asked questions
Is Franbo Lines (2641) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 10.25 TWD versus a price of 16.05 TWD, about 36% lower (overvalued).
What is the fair value of 2641?
Our model-based fair value for Franbo Lines is 10.25 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 16.05 TWD.
What is the quality score of 2641?
Franbo Lines has a Quality Score of 36/100. 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 Franbo Lines (2641)?
Our model-based price target is the fair value of 10.25 TWD (as of Nov 8, 2026) from 16 valuation models. Cautious scenario 6.42 TWD, optimistic scenario 14.08 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Franbo Lines stock forecast for 2026?
Our models put fair value at 10.25 TWD, about 36% lower versus a price of 16.05 TWD (overvalued). Cautious scenario 6.42 TWD, optimistic scenario 14.08 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Franbo Lines (2641)?
Franbo Lines reported trailing-twelve-month revenue of about 2.5B TWD (latest available figure, as of Nov 8, 2026).
Does Franbo Lines pay a dividend?
Franbo Lines currently shows a dividend yield of 3.12% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Franbo Lines (2641) and when is the ex-dividend date?
Franbo Lines pays a dividend of 0.5 TWD per share a year, a dividend yield of 3.1%. The last ex-dividend date was Jun 23, 2026. A dividend has been paid every year since 2022. The payout ratio is 26.3% of earnings (on adjusted earnings, reported 24.5%). Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Franbo Lines (2641)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Franbo Lines it is 10.25 TWD per share (as of Nov 8, 2026), against a price of 16.05 TWD. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Franbo Lines stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 2641 trades above its calculated fair value: price 16.05 TWD, fair value 10.25 TWD, a gap of about −36% (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 2641?
No. The price is what the market pays today (16.05 TWD); the fair value is what the company's own numbers justify (10.25 TWD). For Franbo Lines the two are 5.80 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Franbo Lines worth?
The market values Franbo Lines at about 5.2B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 16.05 TWD; our models calculate a fair value of 10.25 TWD per share.
What do the bullish and bearish scenarios say about 2641?
Our models span a range for Franbo Lines: cautious scenario 6.42 TWD, base 10.25 TWD, optimistic 14.08 TWD per share (as of Nov 8, 2026, price 16.05 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2641?
Franbo Lines trades at a price-to-earnings ratio of 7.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 10.25 TWD is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 8.7 (reported for FY2025: 8.1). Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings, FY2025 ex one-offs: 11.5. Other multiples: P/B 0.7, P/S 2.1, EV/EBITDA 6.6.
How solid is the balance sheet of Franbo Lines (2641)?
Balance-sheet figures for Franbo Lines (as of Nov 8, 2026): return on equity 10.0%, debt of 0.68 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 2641 from its 52-week high?
Franbo Lines trades at 16.05 TWD, about 27% below its 52-week high of 22.05 TWD and 5% above the low of 15.25 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 10.25 TWD is for.
Which stocks are comparable to Franbo Lines?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 Franbo Lines stock attractive at the current price?
The data as of Nov 8, 2026: price 16.05 TWD, calculated fair value 10.25 TWD (−36%), Quality Score 36/100, from 16 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 2641 calculated?
We run Franbo Lines through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 10.25 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 13.3% above its aggregate fair value. Franbo Lines 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 Franbo Lines (2641)?
The closing price on Nov 9, 2026 was 16.05 TWD. Our model-based fair value is 10.25 TWD, about 36% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Franbo Lines right now?
The price sits above even our optimistic bull case (14.08 TWD). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (6.42 TWD to 14.08 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Franbo Lines (2641) come from?
Earnings per share at Franbo Lines grew +21.0 % a year from 2012 to 2023. Broken into its drivers: revenue per share −3.3 %, EBIT margin +20.9 %, tax rate +1.9 %, residual (interest, one-offs) +1.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Franbo Lines
How large is the market capitalisation of Franbo Lines (2641)?
The market capitalisation of Franbo Lines is 5.2B TWD (≈ $160M). 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 Franbo Lines (2641)?
The price-to-sales ratio of Franbo Lines is 2.11 (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 Franbo Lines (2641)?
Earnings per share at Franbo Lines are 2.04 TWD (price ÷ EPS = P/E 7.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Franbo Lines (2641)?
The dividend yield of Franbo Lines is 3.1% (payout 26.3%, on adjusted earnings, reported 24.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Franbo Lines (2641)?
The net margin of Franbo Lines is 30.7% (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 Franbo Lines (2641)?
The return on equity (ROE) of Franbo Lines is 10.0% (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 Franbo Lines (2641)?
On an EBIT basis the return on assets of Franbo Lines is 8.2% (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 Franbo Lines (2641)?
The operating margin of Franbo Lines is 34.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Franbo Lines (2641)?
Revenue at Franbo Lines is growing +3.8% versus a year earlier (3y avg +17.3%). 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 Franbo Lines (2641)?
Earnings per share at Franbo Lines are growing −21.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Franbo Lines (2641) generate?
The free cash flow of Franbo Lines is −3.2B 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 debt does Franbo Lines (2641) carry?
The net debt of Franbo Lines is 4.8B TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 8, 2026