Study King Co., Ltd. (6780) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Study King Co., Ltd. stock TWD 29.27, price TWD 38.00, that is 23.0% below the price, quality 77 out of 100. Rating: overvalued. Calculated from audited financials with 24 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 3, 2026.
How to read this chart
60‑month range 11.44 TWD – 42.50 TWD · fair‑value band 22.98 TWD – 36.10 TWD · the 38.00 TWD price screens above the 29.27 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Study King Co., Ltd. provides digital learning content. It offers audio-visual interactive learning network and teacher junior high school audio-visual interactive textbooks, as well as high school series products. Study King Co., Ltd. was founded in 2012 and is based in New Taipei City, Taiwan.
Stock analysis
Study King Co., Ltd. (6780) currently trades at 38.00 TWD, while our model-based Fair Value estimate is 29.27 TWD, 23% 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 30.03 TWD per share, and 0 of the 24 models we run sit above the 38.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 8.24 TWD, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 22.98 TWD (bear) to 36.10 TWD (bull), the price of 38.00 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 77/100 (high quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Study King Co., Ltd. reported revenue of 362M TWD in FY2025 versus 404M TWD in FY2021, a compound −2.7%/yr. Reported net income was 23.3M TWD in FY2025, compounding +4.9%/yr from FY2021.
Key figures
Market cap 618M TWD (≈ $18.8M) Micro · P/E ratio 27.1 · P/S ratio 1.76 · EPS (TTM) 1.40 TWD · Dividend yield 3.4% · Net margin 6.6% · Return on equity 10.5% · Return on assets (EBIT) 5.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −23%, 6780 screens richer than that median.
Fair Value models
Bear22.98 TWDFair Value 29.27 TWDBull36.10 TWD
Price 38.00 TWD · Downside -23.0%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0858 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.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−2.0%
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.
−3.1%
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.
−4.3%
Start year 2020 (pandemic)
Revenue growth 6 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.
−4.4%
’19
’20
’21
’22
’23
’24
’25
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. Basis: EBIT basis. 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.
≈ −5.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.0%
Dividend (yield on the price)3.4%
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.11% → 8%
⚠ Rate on operating basis: 2025 sits 54% above its own trend.
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).
+1.3%
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 −0.3% a year for the price.
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.Software - Application · 628 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score77 · Top 25%
Fair Value upside−23.0% · Below median
Profitability
Return on equity (12 months)10.5% · Above median
Return on assets7.6% · Above median
Net margin (12 months)6.6% · Above median
Operating margin (12 months)5.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)−6.2% · Bottom 25%
Dividend yield (12 months)3.4% · Top 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)27.1× · Pricier than median
P/B2.65× · Pricier than median
P/S (12 months)1.76× · Cheaper than median
Price / free cash flow (fiscal year)19.8× · Pricier than median
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Cite: Fair Value Calculator (2026). "Study King Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/6780
Frequently asked questions
Is Study King Co., Ltd. (6780) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 29.27 TWD versus a price of 38.00 TWD, about 23% lower (overvalued).
What is the fair value of 6780?
Our model-based fair value for Study King Co., Ltd. is 29.27 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 38.00 TWD.
What is the quality score of 6780?
Study King Co., Ltd. has a Quality Score of 77/100. 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 Study King Co., Ltd. (6780)?
Our model-based price target is the fair value of 29.27 TWD (as of Nov 3, 2026) from 24 valuation models. Cautious scenario 22.98 TWD, optimistic scenario 36.10 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Study King Co., Ltd. stock forecast for 2026?
Our models put fair value at 29.27 TWD, about 23% lower versus a price of 38.00 TWD (overvalued). Cautious scenario 22.98 TWD, optimistic scenario 36.10 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Study King Co., Ltd. (6780)?
Study King Co., Ltd. reported trailing-twelve-month revenue of about 351M TWD (latest available figure, as of Nov 3, 2026).
Does Study King Co., Ltd. pay a dividend?
Study King Co., Ltd. currently shows a dividend yield of 3.42% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Study King Co., Ltd. (6780) and when is the ex-dividend date?
Study King Co., Ltd. pays a dividend of 1.30 TWD per share a year, a dividend yield of 3.4%. The last ex-dividend date was Apr 24, 2026. The payout ratio is 92.9% of earnings. Free cash flow covers the dividend 1.47 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Study King Co., Ltd. (6780)?
For today's price to be fair in a discounted-cash-flow model, Study King Co., Ltd. would have to grow free cash flow by +1.3 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.3 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 6780 use?
Our models discount Study King Co., Ltd. at 9.4 %: a base by market capitalisation (nano), damped by beta 0.67, 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 Study King Co., Ltd. that is +1.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has Study King Co., Ltd. (6780) delivered so far?
Over the past 5 years revenue at Study King Co., Ltd. grew -4.3 % a year. The price currently implies free-cash-flow growth of +1.3 % 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 Study King Co., Ltd. (6780) growing?
The median revenue growth in the sector is +16.8 % a year. That is the yardstick for the growth priced into Study King Co., Ltd. (+1.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Study King Co., Ltd. (6780)?
The free-cash-flow yield on the price is 5.04 %: that much free cash flow Study King Co., Ltd. produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Study King Co., Ltd. (6780)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Study King Co., Ltd. it is 29.27 TWD per share (as of Nov 3, 2026), against a price of 38.00 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Study King Co., Ltd. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 6780 trades above its calculated fair value: price 38.00 TWD, fair value 29.27 TWD, a gap of about −23% (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 6780?
No. The price is what the market pays today (38.00 TWD); the fair value is what the company's own numbers justify (29.27 TWD). For Study King Co., Ltd. the two are 8.73 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Study King Co., Ltd. worth?
The market values Study King Co., Ltd. at about 618M TWD (market capitalisation, as of Nov 3, 2026). Per share that is 38.00 TWD; our models calculate a fair value of 29.27 TWD per share.
What do the bullish and bearish scenarios say about 6780?
Our models span a range for Study King Co., Ltd.: cautious scenario 22.98 TWD, base 29.27 TWD, optimistic 36.10 TWD per share (as of Nov 3, 2026, price 38.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6780?
Study King Co., Ltd. trades at a price-to-earnings ratio of 27.1 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 29.27 TWD is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 23.3. Other multiples: P/B 2.7, P/S 1.8, EV/EBITDA 19.5.
How solid is the balance sheet of Study King Co., Ltd. (6780)?
Balance-sheet figures for Study King Co., Ltd. (as of Nov 3, 2026): return on equity 10.5%. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is 6780 from its 52-week high?
Study King Co., Ltd. trades at 38.00 TWD, about 11% below its 52-week high of 42.50 TWD and 40% above the low of 27.17 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 29.27 TWD is for.
Which stocks are comparable to Study King Co., Ltd.?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Study King Co., Ltd. stock attractive at the current price?
The data as of Nov 3, 2026: price 38.00 TWD, calculated fair value 29.27 TWD (−23%), Quality Score 77/100, from 24 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 6780 calculated?
We run Study King Co., Ltd. through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 29.27 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. Study King 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 Study King Co., Ltd. (6780)?
The closing price on Nov 6, 2026 was 38.00 TWD. Our model-based fair value is 29.27 TWD, about 23% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Study King Co., Ltd. right now?
A high-quality business (quality 77/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (36.10 TWD). The favourable scenario is already priced in.
Key figures of Study King Co., Ltd.
How large is the market capitalisation of Study King Co., Ltd. (6780)?
The market capitalisation of Study King Co., Ltd. is 618M TWD (≈ $18.8M). 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 Study King Co., Ltd. (6780)?
The price-to-sales ratio of Study King Co., Ltd. is 1.76 (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 Study King Co., Ltd. (6780)?
Earnings per share at Study King Co., Ltd. are 1.40 TWD (price ÷ EPS = P/E 27.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Study King Co., Ltd. (6780)?
The dividend yield of Study King Co., Ltd. is 3.4% (payout 92.9%). 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 Study King Co., Ltd. (6780)?
The net margin of Study King Co., Ltd. is 6.6% (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 Study King Co., Ltd. (6780)?
The return on equity (ROE) of Study King Co., Ltd. is 10.5% (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 Study King Co., Ltd. (6780)?
On an EBIT basis the return on assets of Study King Co., Ltd. is 5.5% (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 Study King Co., Ltd. (6780)?
The operating margin of Study King Co., Ltd. is 5.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Study King Co., Ltd. (6780)?
Revenue at Study King Co., Ltd. is growing −6.2% versus a year earlier (3y avg −3.1%). 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 Study King Co., Ltd. (6780)?
Earnings per share at Study King Co., Ltd. are growing −5.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Study King Co., Ltd. (6780) hold?
Study King Co., Ltd. holds more cash than debt, 39.7M TWD net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 3, 2026