Ofuna Technology Co., Ltd. (4577) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Ofuna Technology Co., Ltd. stock TWD 76.98, price TWD 138, that is 44.0% below the price, quality 55 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 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 12, 2026.
How to read this chart
60‑month range 15.85 TWD – 181.00 TWD · fair‑value band 76.98 TWD – 182.91 TWD · the 137.50 TWD price screens above the 76.98 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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Ofuna Technology Co., Ltd. designs, manufactures, and sells drilling machines and related services in Taiwan, China, and Japan.
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The company provides laser drilling machines; precision spindles; molding machines and cleaning machines for printed circuit boards; processes, sells, and repairs and maintenance services for various printed circuit boards; and import and export trade of products and parts.
It also offers overseas investment company equipment; sales and maintenance business; and printed circuit board equipment repairs. The company was founded in 1980 and is based in Taichung, Taiwan.
Stock analysis
Ofuna Technology Co., Ltd. (4577) currently trades at 137.50 TWD, while our model-based Fair Value estimate is 76.98 TWD, 44% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 592.48 TWD per share, and 4 of the 10 models we run sit above the 137.50 TWD price.
Bear case: the Growth DCF group reads lowest at 68.92 TWD, and 6 of the 10 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 76.98 TWD (bear) to 182.91 TWD (bull), the price of 137.50 TWD sits inside 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 Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Ofuna Technology Co., Ltd. reported revenue of 746M TWD in FY2025 versus 1.2B TWD in FY2021, a compound −12.0%/yr. Reported net income was −36.1M TWD in FY2025.
Key figures
Market cap 6.8B TWD (≈ $205M) Micro · P/S ratio 6.70 · EPS (TTM) −0.0300 TWD · Net margin −0.2% · Return on equity −0.2% · Return on assets (EBIT) −0.7% (5-year average) · Operating margin 6.1% · Revenue (TTM) 908M TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 279% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −48% fair-value upside, at −44%, 4577 screens cheaper than that median.
Fair Value models
Bear76.98 TWDFair Value 76.98 TWDBull182.91 TWD
Price 137.50 TWD · Downside -44.0%
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.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.
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.24/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+12.2%
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.
−21.8%
’21
’22
’23
’24
’25
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.
10.3% (2021) → −3.9% (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
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+67.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +64.7% a year for the price.
Compare Ofuna Technology Co., Ltd. with another stock
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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.Specialty Industrial Machinery · 842 stocks
Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−44.0% · Below median
Profitability
Return on assets−2.0% · Bottom 25%
Net margin (12 months)−0.2% · Bottom 25%
Operating margin (12 months)6.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)56.4% · Top 25%
Balance sheet
Debt / equity0.54× · Highest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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Is Ofuna Technology Co., Ltd. (4577) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of 76.98 TWD versus a price of 137.50 TWD, about 44% lower (overvalued).
What is the fair value of 4577?
Our model-based fair value for Ofuna Technology Co., Ltd. is 76.98 TWD (as of Nov 12, 2026), built from audited fundamentals. The current price: 137.50 TWD.
What is the quality score of 4577?
Ofuna Technology Co., Ltd. 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 Ofuna Technology Co., Ltd. (4577)?
Our model-based price target is the fair value of 76.98 TWD (as of Nov 12, 2026) from 11 valuation models. Cautious scenario 76.98 TWD, optimistic scenario 182.91 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ofuna Technology Co., Ltd. stock forecast for 2026?
Our models put fair value at 76.98 TWD, about 44% lower versus a price of 137.50 TWD (overvalued). Cautious scenario 76.98 TWD, optimistic scenario 182.91 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ofuna Technology Co., Ltd. (4577)?
Ofuna Technology Co., Ltd. reported trailing-twelve-month revenue of about 908M TWD (latest available figure, as of Nov 12, 2026).
What growth is priced into Ofuna Technology Co., Ltd. (4577)?
For today's price to be fair in a discounted-cash-flow model, Ofuna Technology Co., Ltd. would have to grow free cash flow by +67.3 % per year for five years (discount rate 12.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew -12.0 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of 4577 use?
Our models discount Ofuna Technology Co., Ltd. at 12.2 %: a base by market capitalisation (micro), damped by beta 0.68, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ofuna Technology Co., Ltd. that is +67.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.2 %) and the same formula as our fair value.
How much growth has Ofuna Technology Co., Ltd. (4577) delivered so far?
Over the past 4 years revenue at Ofuna Technology Co., Ltd. grew -12.0 % a year. The price currently implies free-cash-flow growth of +67.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ofuna Technology Co., Ltd. (4577) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Ofuna Technology Co., Ltd. (+67.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ofuna Technology Co., Ltd. (4577)?
The free-cash-flow yield on the price is 0.49 %: that much free cash flow Ofuna Technology Co., Ltd. produces per unit of market value. When it exceeds the discount rate of our models (12.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ofuna Technology Co., Ltd. (4577)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ofuna Technology Co., Ltd. it is 76.98 TWD per share (as of Nov 12, 2026), against a price of 137.50 TWD. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Ofuna Technology Co., Ltd. stock overvalued or undervalued in 2026?
As of Nov 12, 2026, 4577 trades above its calculated fair value: price 137.50 TWD, fair value 76.98 TWD, a gap of about −44% (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 4577?
No. The price is what the market pays today (137.50 TWD); the fair value is what the company's own numbers justify (76.98 TWD). For Ofuna Technology Co., Ltd. the two are 60.52 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ofuna Technology Co., Ltd. worth?
The market values Ofuna Technology Co., Ltd. at about 6.8B TWD (market capitalisation, as of Nov 12, 2026). Per share that is 137.50 TWD; our models calculate a fair value of 76.98 TWD per share.
What do the bullish and bearish scenarios say about 4577?
Our models span a range for Ofuna Technology Co., Ltd.: cautious scenario 76.98 TWD, base 76.98 TWD, optimistic 182.91 TWD per share (as of Nov 12, 2026, price 137.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ofuna Technology Co., Ltd. (4577)?
Balance-sheet figures for Ofuna Technology Co., Ltd. (as of Nov 12, 2026): return on equity −0.2%, debt of 0.54 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 4577 from its 52-week high?
Ofuna Technology Co., Ltd. trades at 137.50 TWD, about 24% below its 52-week high of 181.00 TWD and 279% above the low of 36.25 TWD (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of 76.98 TWD is for.
Which stocks are comparable to Ofuna Technology Co., Ltd.?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Ofuna Technology Co., Ltd. stock attractive at the current price?
The data as of Nov 12, 2026: price 137.50 TWD, calculated fair value 76.98 TWD (−44%), Quality Score 55/100, from 11 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 4577 calculated?
We run Ofuna Technology Co., Ltd. through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 76.98 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 14.0% above its aggregate fair value. Ofuna Technology Co., Ltd. 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 Ofuna Technology Co., Ltd. (4577)?
The closing price on Nov 11, 2026 was 137.50 TWD. Our model-based fair value is 76.98 TWD, about 44% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ofuna Technology Co., Ltd. right now?
Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (76.98 TWD to 182.91 TWD) leaves room in how you read the outcome.
Key figures of Ofuna Technology Co., Ltd.
How large is the market capitalisation of Ofuna Technology Co., Ltd. (4577)?
The market capitalisation of Ofuna Technology Co., Ltd. is 6.8B TWD (≈ $205M). 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 Ofuna Technology Co., Ltd. (4577)?
The price-to-sales ratio of Ofuna Technology Co., Ltd. is 6.70 (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 Ofuna Technology Co., Ltd. (4577)?
Earnings per share at Ofuna Technology Co., Ltd. are −0.0300 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ofuna Technology Co., Ltd. (4577)?
The net margin of Ofuna Technology Co., Ltd. is −0.2% (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 Ofuna Technology Co., Ltd. (4577)?
The return on equity (ROE) of Ofuna Technology Co., Ltd. is −0.2% (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 Ofuna Technology Co., Ltd. (4577)?
On an EBIT basis the return on assets of Ofuna Technology Co., Ltd. is −0.7% (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 Ofuna Technology Co., Ltd. (4577)?
The operating margin of Ofuna Technology Co., Ltd. is 6.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ofuna Technology Co., Ltd. (4577)?
Revenue at Ofuna Technology Co., Ltd. is growing +56.4% versus a year earlier (3y avg −21.8%). 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 Ofuna Technology Co., Ltd. (4577)?
Earnings per share at Ofuna Technology Co., Ltd. are growing +12.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ofuna Technology Co., Ltd. (4577) carry?
The net debt of Ofuna Technology Co., Ltd. is 548M TWD (fiscal year 2025, ≈ 16.5 yrs of FCF). 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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Nov 12, 2026