Transcend Information, Inc (2451) Fair Value & Analysis
Technology · TW · Market cap 99.2B TWD
Fair value as of: Jul 18, 2026
From 24 valuation models · updated 22 days ago
Fair value updated Jul 18, 2026, revised from 190.15 TWD to 188.18 TWD (−1.0%) since Jul 7, 2026. Share price +18.8% over the past month.
A strong business, but screening 37% overvalued on our models.
What matters now
- A high-quality business (quality 89/100), 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 (255.51 TWD). The favourable scenario is already priced in.
- A fairly wide model range (131.78 TWD to 255.51 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range 53.27 TWD – 363.50 TWD · fair‑value band 131.78 TWD – 255.51 TWD · the 297.00 TWD price screens above the 188.18 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Transcend Information, Inc (2451) currently trades at 297.00 TWD, while our model-based Fair Value estimate is 188.18 TWD, implying the stock looks roughly 36.6% overvalued today. The Quality Score stands at 89/100 (high 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, Transcend Information, Inc generated revenue of 27.8B TWD at a net margin of 48.0%. It earns a return on equity of 60.9%. The balance sheet holds a net cash position of 1.8B TWD. The stock trades on a trailing P/E of 24.9. Fundamentals as of Jul 18, 2026
Our scenario range runs from 131.78 TWD (bear case) to 255.51 TWD (bull case); at 297.00 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 22% below its 52-week high and 236% 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 -37%, 2451 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.
All 24 models by family
Widest divergence: Growth Earnings (195.69 TWD) versus Asset-Based (35.76 TWD). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 84 · Market factors (momentum, volatility) 69
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
Transcend Information, Inc., together with its subsidiaries, engages in manufacturing, processing, and trading of computer software and hardware, peripheral equipment, and computer parts in Taiwan, rest of Asia, the United States, Europe, and internationally.
Full company description
Transcend Information, Inc., together with its subsidiaries, engages in manufacturing, processing, and trading of computer software and hardware, peripheral equipment, and computer parts in Taiwan, rest of Asia, the United States, Europe, and internationally. The company offers internal and portable solid-state drive, external drive, dashcam, secret recorder, memory card, flash drive, and memory module, as well as care readers, DVD burners, and accessories. It also provides customized services comprising customized screen-printed USB flash drives and preloaded content services. In addition, the company offers embedded solutions, including enterprise grade and industrial SSD solutions, industrial memory cards and modules, industrial flash solutions, and embedded lens module used for gambling entertainment, network communication, smart internet of things, security and defense, automation, embedded, transportation, and medical care applications. Further, it provides embedded software solutions. Transcend Information, Inc. was incorporated in 1989 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Transcend Information, Inc reported revenue of 17.1B TWD in FY2025 versus 14.3B TWD in FY2021, a compound +4.6%/yr. Reported net income was 5.6B TWD in FY2025, compounding +21.8%/yr from FY2021.
2451 screens 37% 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
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 0: the price sits above our fair-value range.
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 18, 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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