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Inventec Corporation (2356) Fair Value & Analysis

Technology · TW · Market cap 218B TWD

IC Inventec Corporation 2356 · TW
Price64.00 TWD
Fair Value48.48 TWD
Upside-24.3%
Quality55/100
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Healthy Growth
Thin margins · 1.3% net margin
Low debt · generates free cash flow
3.27% dividend yield
Ranks above peers (9/15)
Narrow moat 36/100
Evidence: High Range 36.36 TWD – 60.60 TWD Share as image

Fair value as of: Jul 16, 2026

From 25 valuation models · updated 22 days ago

Share price −0.2% over the past month.

A solid business, but screening 24% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (60.60 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

82.72 TWD 18.76 TWD Fair Value 48.48 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 18.76 TWD – 82.72 TWD · fair‑value band 36.36 TWD – 60.60 TWD · the 64.00 TWD price screens above the 48.48 TWD fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Inventec Corporation (2356) currently trades at 64.00 TWD, while our model-based Fair Value estimate is 48.48 TWD, implying the stock looks roughly 24.3% overvalued today. We read business quality at 55/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Inventec Corporation generated revenue of 734B TWD at a net margin of 1.3%. Revenue grew 27.6% year over year. It earns a return on equity of 14.1%. Net debt stands at 35.0B TWD. Fundamentals as of Jul 16, 2026

Our scenario range runs from 36.36 TWD (bear case) to 60.60 TWD (bull case); at 64.00 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high and 68% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -24%, 2356 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 34.40 TWD 45.11 TWD 61.04 TWD 80
Residual Income 19.77 TWD 22.86 TWD 38.42 TWD 76
ROIC Compounder 42.17 TWD 49.44 TWD 57.46 TWD 72
All 25 models by family
DCF Models
FCF DCF 33.87 TWD 45.72 TWD 64.34 TWD 38
Owner Earnings 26.25 TWD 33.83 TWD 45.75 TWD 31
5Y Revenue Exit 40.15 TWD 58.05 TWD 80.85 TWD 39
5Y EBITDA Exit 47.33 TWD 71.30 TWD 99.07 TWD 41
5Y P/E Exit 41.21 TWD 60.01 TWD 79.50 TWD 38
10Y Revenue Exit 36.75 TWD 52.78 TWD 74.11 TWD 36
10Y EBITDA Exit 42.41 TWD 62.11 TWD 88.16 TWD 37
10Y P/E Exit 38.44 TWD 54.16 TWD 73.07 TWD 35
Earnings-Based
Graham-Dodd 16.48 TWD 47.64 TWD 62.87 TWD 54
Lynch FV 9.84 TWD 14.06 TWD 18.28 TWD 50
PEG = 1.0 9.84 TWD 14.06 TWD 18.28 TWD 46
EPV 40.57 TWD 45.48 TWD 49.85 TWD 59
Dividend Discount
Gordon GGM 16.35 TWD 35.70 TWD 60.07 TWD 70
DDM Multi-Stage 16.35 TWD 26.70 TWD 37.21 TWD 61
Multiples
P/E Multiple 36.36 TWD 48.48 TWD 60.60 TWD 63
P/S Multiple 30.90 TWD 41.21 TWD 51.51 TWD 58
P/B Multiple 30.90 TWD 41.21 TWD 51.51 TWD 55
EV/EBIT 60.56 TWD 76.51 TWD 92.45 TWD 53
EV/EBITDA 59.51 TWD 75.11 TWD 90.70 TWD 54
EV/Revenue 44.97 TWD 58.79 TWD 72.61 TWD 43
Asset-Based
NCAV (Graham) 10.62 TWD 14.23 TWD 21.23 TWD 50
Growth DCF
Growth DCF 34.40 TWD 45.11 TWD 61.04 TWD 80
Economic Profit
Residual Income 19.77 TWD 22.86 TWD 38.42 TWD 76
ROIC Compounder 42.17 TWD 49.44 TWD 57.46 TWD 72
Growth Earnings
Growth-Adj P/E 29.46 TWD 42.09 TWD 54.72 TWD 68

Widest divergence: DCF Models (54.16 TWD) versus Earnings-Based (14.06 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 734B TWD
Revenue growth (YoY) +27.6%
Net margin 1.3%
Return on equity 14.1%
Free cash flow 6.5B TWD FY2025
P/E ratio 25.2
More key figures
Operating margin 1.8%
EPS (TTM) 2.41 TWD
Dividend yield 3.3%
EPS growth (YoY) +42.6%
Net debt 35.0B TWD FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 46 · Market factors (momentum, volatility) 77

Profitability 43
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 97
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 38
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Inventec Corporation, together with its subsidiaries, develops, manufacture, processes, and trades in computers and related products in Taiwan, the United States, Japan, Hong Kong, Macau, Mainland China, and internationally. The company operates through Core Department and Other Department segments.

Full company description

Inventec Corporation, together with its subsidiaries, develops, manufacture, processes, and trades in computers and related products in Taiwan, the United States, Japan, Hong Kong, Macau, Mainland China, and internationally. The company operates through Core Department and Other Department segments. It offers personal systems, including notebook PC, desktop/AIO, and thin client products; and enterprise and cloud data center products, such as servers, blade servers, network switches, storage devices, rack solutions, and server management software, as well as storage server and network switch solutions. The company is also involved in the environmental energy and emerging technology businesses. In addition, it engages in the trading, leasing, management, and business management activities; developing, producing, and selling intelligent mobile devices; sale of 5G hardware and software; sale of solar cells and medical equipment; electronic product software development and house leasing activities; and production and sale of medical devices. Inventec Corporation was incorporated in 1975 and is headquartered in Taipei, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Inventec Corporation reported revenue of 691B TWD in FY2025 versus 520B TWD in FY2021, a compound +7.4%/yr. Reported net income was 8.7B TWD in FY2025, compounding +7.4%/yr from FY2021.

Growth Quality 72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
691B TWD
Latest YoY
+7.0%
Avg. growth/yr (3Y)
+8.5%
Avg. growth/yr (5Y)
+6.3%
Avg. growth/yr (25Y)
+8.0%
Revenue +7.4%/yr
FY21 520B TWD
FY22 542B TWD
FY23 515B TWD
FY24 646B TWD
FY25 691B TWD
Net income +7.4%/yr
FY21 6.5B TWD
FY22 6.1B TWD
FY23 6.1B TWD
FY24 7.3B TWD
FY25 8.7B TWD

2356 screens 24% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Inventec Corporation Fair Value". https://www.fairvalue-calculator.com/stock/2356

Peer Group

Computer Hardware · 217 stocks

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.

Quality Score 55 · Above median
Fair Value upside −24% · Above median
Return on equity (TTM) 14% · Above median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 28% · Above median
Dividend yield (TTM) 3.3% · Above median
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 25.2× · Pricier than median
P/B 2.86× · Pricier than median
P/S (TTM) 0.30× · Cheaper than 75% of peers
P/FCF 1.0× · Cheaper than median
EV/EBITDA 10.3× · Cheaper than median
PEG 0.73× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 1 · sector 0
FUTURE 100 · sector 55
PAST 56 · sector 26
HEALTH 94 · sector 97
DIVIDEND 65 · sector 42

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is Inventec Corporation (2356) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 48.48 TWD versus a price of 64.00 TWD, about −24% (overvalued).
What is the fair value of 2356?
Our model-based fair value for Inventec Corporation is 48.48 TWD (as of Jul 16, 2026), built from audited fundamentals. The current price is 64.00 TWD.
What is the quality score of 2356?
Inventec Corporation has a Quality Score of 55/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Inventec Corporation (2356)?
Inventec Corporation reported trailing-twelve-month revenue of about 734B TWD (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 2356?
The net profit margin of Inventec Corporation is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.
Does Inventec Corporation pay a dividend?
Inventec Corporation currently shows a dividend yield of about 2.57% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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