Senao International Co Ltd (2450) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Senao International Co Ltd TWD 30.00, price TWD 28.25, upside +6.2%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Senao International Co.,Ltd. sells and distributes mobile handheld devices in China. The company also sells mobile phones, information appliance, home appliances, peripheral products, health care, information and communication technologies products, as well as provides the related repairs and maintenance and liability insurance agency services.
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Senao International Co.,Ltd. sells and distributes mobile handheld devices in China. The company also sells mobile phones, information appliance, home appliances, peripheral products, health care, information and communication technologies products, as well as provides the related repairs and maintenance and liability insurance agency services. The company was formerly known as Senao Business Development Company Limited and changed its name to Senao International Co., Ltd. in August 1994. Senao International Co., Ltd. was incorporated in 1979 and is based in New Taipei City, Taiwan.
Stock analysis
Senao International Co Ltd (2450) currently trades at 28.25 TWD, while our model-based Fair Value estimate is 30.00 TWD, implying the stock looks roughly 5.8% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 36.18 TWD per share, and 11 of the 21 models we run sit above the 28.25 TWD price.
Bear case: the Earnings-Based group reads lowest at 13.09 TWD, and 10 of the 21 models stay below the price. Evidence for this calculation is low.
Scenario range: 21.62 TWD (bear) to 38.74 TWD (bull), the price of 28.25 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 62/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Senao International Co Ltd reported revenue of 33.1B TWD in FY2025 versus 31.0B TWD in FY2021, a compound +1.6%/yr. Reported net income was 445M TWD in FY2025, compounding −7.1%/yr from FY2021.
Key figures
Market cap 7.3B TWD (≈ $230M) · P/E ratio 16.4 · P/S ratio 0.22 · EPS (TTM) 1.72 TWD · Dividend yield 5.5% · Net margin 1.3% · Return on equity 6.4% · Return on assets (EBIT) 3.8%.
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 10% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at 6%, 2450 screens cheaper than that median.
Fair Value models
Bear 21.62 TWDFair Value 30.00 TWDBull 38.74 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1248 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.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.62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.5%
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.
+2.1%
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.
+4.2%
Start year 2020 (pandemic). Over 10 years: −0.7% a year
Revenue growth 23 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%
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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.
+5.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.4%
Dividend (yield on the price)5.5%
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.0% vs −6%, picking up
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.2% → 1%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 2.4%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+14.6%
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 +12.9% a year for the price.
Compare Senao International Co Ltd with another stock
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.Electronics & Computer Distribution · 154 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+6% · Above median
Profitability
Return on equity (TTM)6% · Below median
Return on assets2% · Below median
Net margin (TTM)1% · Below median
Operating margin (TTM)1% · Bottom 25%
Growth and dividend
Revenue growth15% · Above median
Dividend yield (TTM)5.5% · Top 25%
Balance sheet
Debt / equity0.08× · Above median
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Senao International Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2450
Frequently asked questions
Is Senao International Co Ltd (2450) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 30.00 TWD versus a price of 28.25 TWD, about +6% upside (fairly valued).
What is the fair value of 2450?
Our model-based fair value for Senao International Co Ltd is 30.00 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 28.25 TWD.
What is the quality score of 2450?
Senao International Co Ltd has a Quality Score of 62/100. 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 Senao International Co Ltd (2450)?
Our model-based price target is the fair value of 30.00 TWD (as of Sep 24, 2026) from 21 valuation models. Cautious scenario 21.62 TWD, optimistic scenario 38.74 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Senao International Co Ltd stock forecast for 2026?
Our models put fair value at 30.00 TWD, about +6% upside versus a price of 28.25 TWD (fairly valued). Cautious scenario 21.62 TWD, optimistic scenario 38.74 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Senao International Co Ltd (2450)?
Senao International Co Ltd reported trailing-twelve-month revenue of about 34.3B TWD (latest available figure, as of Sep 24, 2026).
Does Senao International Co Ltd pay a dividend?
Senao International Co Ltd currently shows a dividend yield of about 5.49% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Senao International Co Ltd (2450)?
For today's price to be fair in a discounted-cash-flow model, Senao International Co Ltd would have to grow free cash flow by +14.6 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2450 use?
Our models discount Senao International Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.20, 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 Senao International Co Ltd that is +14.6 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Senao International Co Ltd (2450) delivered so far?
Over the past 5 years revenue at Senao International Co Ltd grew +4.2 % a year. The price currently implies +14.6 % 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 Senao International Co Ltd (2450) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Senao International Co Ltd (+14.6 % 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 Senao International Co Ltd (2450)?
The free-cash-flow yield on the price is 4.25 %: that much free cash flow Senao International Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Senao International Co Ltd (2450)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Senao International Co Ltd it is 30.00 TWD per share (as of Sep 24, 2026), against a price of 28.25 TWD. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Senao International Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2450 trades below its calculated fair value: price 28.25 TWD, fair value 30.00 TWD, a gap of about +6% (fairly valued). 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 2450?
No. The price is what the market pays today (28.25 TWD); the fair value is what the company's own numbers justify (30.00 TWD). For Senao International Co Ltd the two are 1.75 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Senao International Co Ltd worth?
The market values Senao International Co Ltd at about 7.3B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 28.25 TWD; our models calculate a fair value of 30.00 TWD per share.
What do the bullish and bearish scenarios say about 2450?
Our models span a range for Senao International Co Ltd: cautious scenario 21.62 TWD, base 30.00 TWD, optimistic 38.74 TWD per share (as of Sep 24, 2026, price 28.25 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2450?
Senao International Co Ltd trades at a price-to-earnings ratio of 16.4 (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 30.00 TWD is built from several models across several years. Other multiples: P/B 1.1, P/S 0.2, EV/EBITDA 15.0.
How solid is the balance sheet of Senao International Co Ltd (2450)?
Balance-sheet figures for Senao International Co Ltd (as of Sep 24, 2026): return on equity 6.4%, debt of 0.08 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 2450 from its 52-week high?
Senao International Co Ltd trades at 28.25 TWD, about 10% below its 52-week high of 31.45 TWD and 1% above the low of 28.05 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 30.00 TWD is for.
Which stocks are comparable to Senao International Co Ltd?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Rexel S.A, Arrow Electronics, 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 Senao International Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 28.25 TWD, calculated fair value 30.00 TWD (+6%), Quality Score 62/100, from 21 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 2450 calculated?
We run Senao International Co Ltd through 21 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 30.00 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 13.0 % above its aggregate fair value. Senao International Co Ltd currently trades 6 % below its own fair value, and the market average says nothing about that. 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 Senao International Co Ltd (2450)?
The closing price on Sep 24, 2026 was 28.25 TWD. Our model-based fair value is 30.00 TWD, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Senao International Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Senao International Co Ltd (2450) come from?
Earnings per share at Senao International Co Ltd grew −4.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.7 %, EBIT margin −2.7 %, tax rate −0.1 %, residual (interest, one-offs) +0.2 %. 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 Senao International Co Ltd
How large is the market capitalisation of Senao International Co Ltd (2450)?
The market capitalisation of Senao International Co Ltd is 7.3B TWD (≈ $230M). 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 Senao International Co Ltd (2450)?
The price-to-sales ratio of Senao International Co Ltd is 0.22 (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 Senao International Co Ltd (2450)?
Earnings per share at Senao International Co Ltd are 1.72 TWD (price ÷ EPS = P/E 16.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Senao International Co Ltd (2450)?
The dividend yield of Senao International Co Ltd is 5.5% (payout 90.1%). 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 Senao International Co Ltd (2450)?
The net margin of Senao International Co Ltd is 1.3% (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 Senao International Co Ltd (2450)?
The return on equity (ROE) of Senao International Co Ltd is 6.4% (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 Senao International Co Ltd (2450)?
On an EBIT basis the return on assets of Senao International Co Ltd is 3.8% (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 Senao International Co Ltd (2450)?
The operating margin of Senao International Co Ltd is 0.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Senao International Co Ltd (2450)?
Revenue at Senao International Co Ltd is growing +15.1% versus a year earlier (3y avg +2.1%). 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 Senao International Co Ltd (2450)?
Earnings per share at Senao International Co Ltd are growing −44.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Senao International Co Ltd (2450) hold?
Senao International Co Ltd holds more cash than debt, 723M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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