Shuttle Inc (2405) Fair Value & Analysis
Technology · TW · Market cap 5.7B TWD
Fair value as of: Jul 23, 2026
From 8 valuation models · updated 18 days ago
Share price −6.6% over the past month.
A solid business, but screening 85% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (2.71 TWD). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.
How to read this chart
60‑month range 10.02 TWD – 27.90 TWD · fair‑value band 2.19 TWD – 2.71 TWD · the 16.35 TWD price screens above the 2.45 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
Shuttle Inc (2405) currently trades at 16.35 TWD, while our model-based Fair Value estimate is 2.45 TWD, implying the stock looks roughly 85.0% overvalued today. The Quality Score stands at 53/100 (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: low).
Over the trailing twelve months, Shuttle Inc generated revenue of 1.7B TWD at a net margin of -4.2%. Revenue declined 2.8% year over year. It earns a return on equity of -2.3%. The balance sheet holds a net cash position of 546M TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 2.19 TWD (bear case) to 2.71 TWD (bull case); at 16.35 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 25% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -85%, 2405 screens richer 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.
All 8 models by family
Widest divergence: Asset-Based (6.80 TWD) versus DCF Models (3.30 TWD). Highest evidence: Growth DCF (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 45
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
Shuttle Inc., together with its subsidiaries, engages in the manufacturing and sales of barebones, mainboards, and other computer peripherals in Taiwan, the Americas, Asia, China, and Europe, and internationally. It operates through Computer Equipment and Medical Devices segments.
Full company description
Shuttle Inc., together with its subsidiaries, engages in the manufacturing and sales of barebones, mainboards, and other computer peripherals in Taiwan, the Americas, Asia, China, and Europe, and internationally. It operates through Computer Equipment and Medical Devices segments. The company offers Al computers; mini-PC and AIO; industrial computer, including embedded computer, edge computing computer, touch computer, and medical touch computer; smart integration solutions, such as digital kanban, medical technology, and NVR; and kiosk products. It also sells PCBs; medical products comprising air cushion bed and medical peripheral equipment; computer peripherals and components; and related technical services. Shuttle Inc. was founded in 1983 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shuttle Inc reported revenue of 1.7B TWD in FY2025 versus 1.8B TWD in FY2021, a compound −1.4%/yr. Reported net income was −68.9M TWD in FY2025.
2405 screens 85% overvalued. Compare with Compal Electronics, Inc →
Peer Group
Computer Hardware · 215 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.
Valuation Multiples vs Computer Hardware median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 23, 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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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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