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Fortune Information Systems Corp (2468) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Fortune Information Systems Corp TWD 11.73, price TWD 46.25, upside -74.6%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Technology · TW · ISIN TW0002468006

FI Broad data Sep 24, 2026

Fortune Information Systems Corp

2468 · TW

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value 11.73 TWD · Strongly overvalued (−75%)
!Quality 58/100
!Expensive Growth (revenue 5y +4.5 %/yr)
!Thin margins · 3.5% net margin (TTM)
!Low debt · negative free cash flow
·2.16% dividend yield
!Trails peers (3/13)
!Narrow moat 36/100
!Weak on past: 28 out of 100

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Price vs Fair Value

79.80 TWD 11.27 TWD Fair Value 11.73 TWD Apr 2021 Sep 2026

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 11.27 TWD – 79.80 TWD · fair‑value band 10.83 TWD – 14.38 TWD · the 46.25 TWD price screens above the 11.73 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Fortune Information Systems Corp engages in buying, selling, leasing, and repairing office machines, office automation equipment, computers, and other information equipment in Taiwan.

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Fortune Information Systems Corp engages in buying, selling, leasing, and repairing office machines, office automation equipment, computers, and other information equipment in Taiwan. The company is involved in buying, selling, leasing, and repairing computer peripherals, microfilm equipment, devices, and parts, accessories, and supplies; system analysis and programming of computer and other information software; and provision of data processing services. It also provides hybrid cloud services, enterprise application developments, data protection and DR solutions, network management and IT security solutions, and data center management and operation services; value added services comprising outsourcing project, software model, server room and end equipment management, user help desk, document imaging, warehouse logistics, and insurance finance. In addition, the company provides enterprise public/private cloud infrastructure construction and planning, network system planning, information security, backup and redundancy planning, financial institution information integration, cloud monitoring management, software and project development, and video projection product integration services. Fortune Information Systems Corp was founded in 1966 and is headquartered in Taipei City, Taiwan.

Stock analysis

Fortune Information Systems Corp (2468) currently trades at 46.25 TWD, while our model-based Fair Value estimate is 11.73 TWD, implying the stock looks roughly 294.3% overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 26.25 TWD per share, and 0 of the 15 models we run sit above the 46.25 TWD price.

Bear case: the Dividend Discount group reads lowest at 7.41 TWD, and 15 of the 15 models stay below the price. Evidence for this calculation is high.

Scenario range: 10.83 TWD (bear) to 14.38 TWD (bull), the price of 46.25 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 58/100 (solid quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Fortune Information Systems Corp reported revenue of 2.7B TWD in FY2025 versus 2.1B TWD in FY2021, a compound +5.8%/yr. Reported net income was 87.5M TWD in FY2025, compounding +18.3%/yr from FY2021.

Key figures

Market cap 3.2B TWD (≈ $102M) · P/E ratio 37.0 · P/S ratio 1.20 · EPS (TTM) 1.25 TWD · Dividend yield 2.2% · Net margin 3.2% · Return on equity 7.0% · Return on assets (EBIT) 3.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).

What moves the price

The share trades about 13% below its 52-week high and 47% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at 66% fair-value upside, at −75%, 2468 screens richer than that median.

Fair Value models

Bear 10.83 TWD Fair Value 11.73 TWD Bull 14.38 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 (0.1836 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.
Highest evidence
Owner Earnings 15.20 TWD 17.83 TWD 22.31 TWD 78
Residual Income 13.41 TWD 13.73 TWD 13.11 TWD 76
EPV 10.47 TWD 11.27 TWD 11.93 TWD 74
All 15 models by family
DCF Models
Owner Earnings 15.20 TWD 17.83 TWD 22.31 TWD 78
Earnings-Based
Graham-Dodd 8.51 TWD 14.46 TWD 17.63 TWD 67
EPV 10.47 TWD 11.27 TWD 11.93 TWD 74
Dividend Discount
Gordon GGM 6.27 TWD 7.41 TWD 8.48 TWD 69
DDM Multi-Stage 6.27 TWD 7.76 TWD 9.28 TWD 67
Multiples
P/E Multiple 26.27 TWD 35.02 TWD 43.78 TWD 63
P/S Multiple 15.95 TWD 21.26 TWD 26.58 TWD 58
P/B Multiple 15.95 TWD 21.26 TWD 26.58 TWD 55
EV/EBIT 25.92 TWD 33.30 TWD 40.69 TWD 66
EV/EBITDA 23.16 TWD 29.64 TWD 36.11 TWD 67
EV/Revenue 14.95 TWD 19.76 TWD 24.56 TWD 54
Asset-Based
NCAV (Graham) 9.11 TWD 12.21 TWD 18.23 TWD 54
Economic Profit
Residual Income 13.41 TWD 13.73 TWD 13.11 TWD 76
ROIC Compounder 10.47 TWD 11.27 TWD 11.93 TWD 72
Growth Earnings
Growth-Adj P/E 18.37 TWD 26.25 TWD 34.12 TWD 67

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Quality Score breakdown

Overall quality 58/100

Of which business quality 55 · Market factors (momentum, volatility) 49

Profitability 40
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 84
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+19.9%
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.
+5.9%
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.
+4.5%
Start year 2020 (pandemic). Over 10 years: +6.4% 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.
−1.3%
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.
+16.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.5%
Dividend (yield on the price)2.2%
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.15% vs 7%, 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% → 3%
Start year 2020 (pandemic)

2468 screens 294% overvalued. Compare with International Business Machines Corporation →

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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.Information Technology Services · 497 stocks

Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 58 · Above median
Fair Value upside −75% · Bottom 25%
Profitability
Return on equity (TTM) 7% · Below median
Return on assets 2% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 3% · Below median
Growth and dividend
Revenue growth −20% · Bottom 25%
Dividend yield (TTM) 2.2% · Above median
Balance sheet
Debt / equity 0.02× · Below median

Valuation Multiplesvs Information Technology Services median · lower = cheaper

P/E (TTM) 37.0× · Priciest 25%
P/B 2.54× · Pricier than median
P/S (TTM) 1.27× · Pricier than median
EV/EBITDA 30.9× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 45
FUTURE (revenue growth)0 · sector 32
PAST (return on equity)28 · sector 36
HEALTH (low debt)99 · sector 97
DIVIDEND (yield)43 · sector 43

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $231.38 $188.22 −19%
Accenture plc ACN $183.72 $305.06 +66%
Tata Consultancy Services Limited TCS ₹2,090 ₹2,993 +43%
Infosys Limited INFY ₹1,021 ₹1,690 +66%
HCL Technologies Limited HCLTECH ₹1,257 ₹1,926 +53%
Fidelity National Information Services, Inc FIS $34.96 $32.47 −7%
Cognizant Technology Solutions Corporation CTSH $58.68 $132.01 +125%
Wipro Limited WIPRO ₹164.90 ₹287.90 +75%
Capgemini SE CAP €106.30 €223.90 +111%
CDW Corporation CDW $147.43 $162.00 +10%

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Cite: Fair Value Calculator (2026). "Fortune Information Systems Corp Fair Value". https://www.fairvalue-calculator.com/stock/2468

Frequently asked questions

Is Fortune Information Systems Corp (2468) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 11.73 TWD versus a price of 46.25 TWD, about −75% upside (overvalued).
What is the fair value of 2468?
Our model-based fair value for Fortune Information Systems Corp is 11.73 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 46.25 TWD.
What is the quality score of 2468?
Fortune Information Systems Corp has a Quality Score of 58/100. 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 Fortune Information Systems Corp (2468)?
Our model-based price target is the fair value of 11.73 TWD (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 10.83 TWD, optimistic scenario 14.38 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Fortune Information Systems Corp stock forecast for 2026?
Our models put fair value at 11.73 TWD, about −75% upside versus a price of 46.25 TWD (overvalued). Cautious scenario 10.83 TWD, optimistic scenario 14.38 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Fortune Information Systems Corp (2468)?
Fortune Information Systems Corp reported trailing-twelve-month revenue of about 2.5B TWD (latest available figure, as of Sep 24, 2026).
Does Fortune Information Systems Corp pay a dividend?
Fortune Information Systems Corp currently shows a dividend yield of about 2.16% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Fortune Information Systems Corp (2468)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fortune Information Systems Corp it is 11.73 TWD per share (as of Sep 24, 2026), against a price of 46.25 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Fortune Information Systems Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2468 trades above its calculated fair value: price 46.25 TWD, fair value 11.73 TWD, a gap of about −75% (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 2468?
No. The price is what the market pays today (46.25 TWD); the fair value is what the company's own numbers justify (11.73 TWD). For Fortune Information Systems Corp the two are 34.52 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Fortune Information Systems Corp worth?
The market values Fortune Information Systems Corp at about 3.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 46.25 TWD; our models calculate a fair value of 11.73 TWD per share.
What do the bullish and bearish scenarios say about 2468?
Our models span a range for Fortune Information Systems Corp: cautious scenario 10.83 TWD, base 11.73 TWD, optimistic 14.38 TWD per share (as of Sep 24, 2026, price 46.25 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2468?
Fortune Information Systems Corp trades at a price-to-earnings ratio of 37.0 (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 11.73 TWD is built from several models across several years. Other multiples: P/B 2.5, P/S 1.3, EV/EBITDA 30.9.
How solid is the balance sheet of Fortune Information Systems Corp (2468)?
Balance-sheet figures for Fortune Information Systems Corp (as of Sep 24, 2026): return on equity 7.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 2468 from its 52-week high?
Fortune Information Systems Corp trades at 46.25 TWD, about 13% below its 52-week high of 53.00 TWD and 47% above the low of 31.40 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 11.73 TWD is for.
Which stocks are comparable to Fortune Information Systems Corp?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Fortune Information Systems Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 46.25 TWD, calculated fair value 11.73 TWD (−75%), Quality Score 58/100, from 15 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 2468 calculated?
We run Fortune Information Systems Corp through 15 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 11.73 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 13.2 % above its aggregate fair value. Fortune Information Systems 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 Fortune Information Systems Corp (2468)?
The closing price on Sep 24, 2026 was 46.25 TWD. Our model-based fair value is 11.73 TWD, about −75% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fortune Information Systems Corp right now?
The price sits above even our optimistic bull case (14.38 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Fortune Information Systems Corp (2468) come from?
Earnings per share at Fortune Information Systems Corp grew +5.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.8 %, EBIT margin +1.7 %, tax rate −0.7 %, residual (interest, one-offs) −1.3 %. 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 Fortune Information Systems Corp

How large is the market capitalisation of Fortune Information Systems Corp (2468)?
The market capitalisation of Fortune Information Systems Corp is 3.2B TWD (≈ $102M). 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 Fortune Information Systems Corp (2468)?
The price-to-sales ratio of Fortune Information Systems Corp is 1.20 (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 Fortune Information Systems Corp (2468)?
Earnings per share at Fortune Information Systems Corp are 1.25 TWD (price ÷ EPS = P/E 37.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fortune Information Systems Corp (2468)?
The dividend yield of Fortune Information Systems Corp is 2.2% (payout 80.0%). 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 Fortune Information Systems Corp (2468)?
The net margin of Fortune Information Systems Corp is 3.2% (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 Fortune Information Systems Corp (2468)?
The return on equity (ROE) of Fortune Information Systems Corp is 7.0% (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 Fortune Information Systems Corp (2468)?
On an EBIT basis the return on assets of Fortune Information Systems Corp is 3.7% (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 Fortune Information Systems Corp (2468)?
The operating margin of Fortune Information Systems Corp is 3.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fortune Information Systems Corp (2468)?
Revenue at Fortune Information Systems Corp is growing −19.5% versus a year earlier (3y avg +5.9%). 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 Fortune Information Systems Corp (2468)?
Earnings per share at Fortune Information Systems Corp are growing +11.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fortune Information Systems Corp (2468) generate?
The free cash flow of Fortune Information Systems Corp is −294M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Fortune Information Systems Corp (2468) hold?
Fortune Information Systems Corp holds more cash than debt, 157M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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