Qisda Corp (2352) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Qisda Corp TWD 13.34, price TWD 29.00, upside -54.0%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 22.75 TWD – 61.23 TWD · fair‑value band 10.91 TWD – 21.51 TWD · the 29.00 TWD price screens above the 13.34 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Qisda Corporation, together with its subsidiaries, manufactures, sells, and services monitors, opto-mechatronics products, and optoelectronics film in Taiwan, the Americas, Mainland China, Japan, and internationally.
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Qisda Corporation, together with its subsidiaries, manufactures, sells, and services monitors, opto-mechatronics products, and optoelectronics film in Taiwan, the Americas, Mainland China, Japan, and internationally. It operates through five segments: Design and Manufacturing Services (DMS), Brand Marketing, Materials Science, Medical Services, and Network Communication Department. The company engages in design, research, manufacturing, and sale of electronic, brand name, broadband, wireless network, and computer network system equipment products; and operates hospital profession, as well as provides medical services, hemodialysis, imaging consumables, and equipment. The company also offers IT products, such as display, projectors, and cameras, as well as IA solutions, machine visions, and automotive solutions; and smart solutions, including smart enterprise, energy, healthcare, manufacturing, education, and mart retail solutions. In addition, the digital multimedia company manufactures medical and care products. Further, it provides networking and communication products, such as LAN/MAN, wireless and mobile broadband networks, digital multimedia, and mobile products. Qisda Corporation was incorporated in 1984 and is headquartered in Taoyuan City, Taiwan.
Stock analysis
Qisda Corp (2352) currently trades at 29.00 TWD, while our model-based Fair Value estimate is 13.34 TWD, implying the stock looks roughly 117.4% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 24.40 TWD per share, and 6 of the 23 models we run sit above the 29.00 TWD price.
Bear case: the Earnings-Based group reads lowest at 4.75 TWD, and 17 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: 10.91 TWD (bear) to 21.51 TWD (bull), the price of 29.00 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 40/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Qisda Corp reported revenue of 208B TWD in FY2025 versus 226B TWD in FY2021, a compound −2.1%/yr. Reported net income was 1.1B TWD in FY2025, compounding −39.1%/yr from FY2021.
Key figures
Market cap 63.1B TWD (≈ $2.0B) · P/E ratio 49.2 · P/S ratio 0.27 · EPS (TTM) 0.5900 TWD · Dividend yield 3.4% · Net margin 0.5% · Return on equity 1.9% · Return on assets (EBIT) 4.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 27% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −33% fair-value upside, at −54%, 2352 screens richer than that median.
Fair Value models
Bear 10.91 TWDFair Value 13.34 TWDBull 21.51 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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 growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.1%
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.
−4.7%
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.
+1.6%
Start year 2020 (pandemic). Over 10 years: +4.6% a year
Revenue growth 25 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.
+4.9%
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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.
−23.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.9%
Dividend (yield on the price)3.4%
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% vs −10%, slowing
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.5% → 2%
Start year 2020 (pandemic)
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).
+19.5%
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 +17.6% 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.Computer Hardware · 220 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−54% · Below median
Profitability
Return on equity (TTM)2% · Below median
Return on assets1% · Below median
Net margin (TTM)0% · Below median
Operating margin (TTM)1% · Below median
Growth and dividend
Revenue growth4% · Below median
Dividend yield (TTM)3.4% · Above median
Balance sheet
Debt / equity1.25× · Highest 25%
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (TTM)49.2× · Pricier than median
P/B2.21× · Pricier than median
P/S (TTM)0.30× · Cheapest 25%
P/FCF0.5× · Cheapest 25%
EV/EBITDA8.9× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)18· sector 59
PAST (return on equity)8· sector 26
HEALTH (low debt)37· sector 97
DIVIDEND (yield)69· sector 40
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). "Qisda Corp Fair Value". https://www.fairvalue-calculator.com/stock/2352
Frequently asked questions
Is Qisda Corp (2352) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 13.34 TWD versus a price of 29.00 TWD, about −54% upside (overvalued).
What is the fair value of 2352?
Our model-based fair value for Qisda Corp is 13.34 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 29.00 TWD.
What is the quality score of 2352?
Qisda Corp has a Quality Score of 40/100. 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 Qisda Corp (2352)?
Our model-based price target is the fair value of 13.34 TWD (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 10.91 TWD, optimistic scenario 21.51 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Qisda Corp stock forecast for 2026?
Our models put fair value at 13.34 TWD, about −54% upside versus a price of 29.00 TWD (overvalued). Cautious scenario 10.91 TWD, optimistic scenario 21.51 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Qisda Corp (2352)?
Qisda Corp reported trailing-twelve-month revenue of about 210B TWD (latest available figure, as of Sep 24, 2026).
Does Qisda Corp pay a dividend?
Qisda Corp currently shows a dividend yield of about 3.45% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Qisda Corp (2352)?
For today's price to be fair in a discounted-cash-flow model, Qisda Corp would have to grow free cash flow by +19.5 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2352 use?
Our models discount Qisda Corp at 10.5 %: a base by market capitalisation (small), damped by beta 0.57, 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 Qisda Corp that is +19.5 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Qisda Corp (2352) delivered so far?
Over the past 5 years revenue at Qisda Corp grew +1.6 % a year. The price currently implies +19.5 % per year free-cash-flow growth a 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 Qisda Corp (2352) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Qisda Corp (+19.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Qisda Corp (2352)?
The free-cash-flow yield on the price is 5.91 %: that much free cash flow Qisda Corp produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Qisda Corp (2352)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Qisda Corp it is 13.34 TWD per share (as of Sep 24, 2026), against a price of 29.00 TWD. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Qisda Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2352 trades above its calculated fair value: price 29.00 TWD, fair value 13.34 TWD, a gap of about −54% (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 2352?
No. The price is what the market pays today (29.00 TWD); the fair value is what the company's own numbers justify (13.34 TWD). For Qisda Corp the two are 15.66 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Qisda Corp worth?
The market values Qisda Corp at about 63.1B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 29.00 TWD; our models calculate a fair value of 13.34 TWD per share.
What do the bullish and bearish scenarios say about 2352?
Our models span a range for Qisda Corp: cautious scenario 10.91 TWD, base 13.34 TWD, optimistic 21.51 TWD per share (as of Sep 24, 2026, price 29.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2352?
Qisda Corp trades at a price-to-earnings ratio of 49.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 13.34 TWD is built from several models across several years. Other multiples: P/B 2.2, P/S 0.3, EV/EBITDA 8.9.
How solid is the balance sheet of Qisda Corp (2352)?
Balance-sheet figures for Qisda Corp (as of Sep 24, 2026): return on equity 1.9%, debt of 1.25 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 2352 from its 52-week high?
Qisda Corp trades at 29.00 TWD, about 21% below its 52-week high of 36.77 TWD and 27% above the low of 22.75 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 13.34 TWD is for.
Which stocks are comparable to Qisda Corp?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Wiwynn 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 Qisda Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 29.00 TWD, calculated fair value 13.34 TWD (−54%), Quality Score 40/100, from 23 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 2352 calculated?
We run Qisda Corp through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 13.34 TWD, 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 14.1 % above its aggregate fair value. Qisda Corp 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 Qisda Corp (2352)?
The closing price on Sep 24, 2026 was 29.00 TWD. Our model-based fair value is 13.34 TWD, about −54% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Qisda Corp right now?
The price sits above even our optimistic bull case (21.51 TWD). The favourable scenario is already priced in. Weak quality (40/100) 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 (10.91 TWD to 21.51 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Qisda Corp (2352) come from?
Earnings per share at Qisda Corp grew −4.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.7 %, EBIT margin −2.0 %, tax rate −4.6 %, residual (interest, one-offs) −2.7 %. 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 Qisda Corp
How large is the market capitalisation of Qisda Corp (2352)?
The market capitalisation of Qisda Corp is 63.1B TWD (≈ $2.0B). 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 Qisda Corp (2352)?
The price-to-sales ratio of Qisda Corp is 0.27 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Qisda Corp (2352)?
Earnings per share at Qisda Corp are 0.5900 TWD (price ÷ EPS = P/E 49.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Qisda Corp (2352)?
The dividend yield of Qisda Corp is 3.4% (payout 169%). 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 Qisda Corp (2352)?
The net margin of Qisda Corp is 0.5% (fiscal year 2025). 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 Qisda Corp (2352)?
The return on equity (ROE) of Qisda Corp is 1.9% (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 Qisda Corp (2352)?
On an EBIT basis the return on assets of Qisda Corp is 4.6% (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 Qisda Corp (2352)?
The operating margin of Qisda Corp is 1.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Qisda Corp (2352)?
Revenue at Qisda Corp is growing +3.6% versus a year earlier (3y avg −4.7%). 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 Qisda Corp (2352)?
Earnings per share at Qisda Corp are growing −20.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Qisda Corp (2352) carry?
The net debt of Qisda Corp is 57.3B TWD (fiscal year 2025, ≈ 15.4 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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