Check 35,000+ stocks against 26 valuation models and 37 quality factors

Fortune Oriental Co Ltd (2491) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Fortune Oriental Co Ltd TWD 13.71, price TWD 39.55, upside -65.3%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

Fair value above price? No
Good quality? Yes
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Consumer Cyclical · TW · ISIN TW0002491008

FO Thin data Sep 24, 2026

Fortune Oriental Co Ltd

2491 · TW

Weakest SetupStrongly overvalued and low quality.

!Fair value 13.71 TWD · Strongly overvalued (−65%)

!Quality 50/100

!Weak Growth (revenue 5y −14.8 %/yr)

✓Highly profitable · 164.3% net margin (TTM)

!Low debt · negative free cash flow

!Trails peers (3/11)

!Narrow moat 41/100

!Evidence only low, so the estimate is less certain

26 models, one by oneBear 11.09 TWD to bull 18.00 TWD Growth analysisrevenue history, year by year Quality 50/100 in detail37 factors, each one shown Compared with its peersrank on every measure, side by side

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

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 9.45 TWD – 56.40 TWD · fair‑value band 11.09 TWD – 18.00 TWD · the 39.55 TWD price screens above the 13.71 TWD fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Fortune Oriental Company Limited engages in the manufacture and sale of lighting related application products in Taiwan.

Fortune Oriental Company Limited engages in the manufacture and sale of lighting related application products in Taiwan. It also offers memory products, such as DRAM module, DDR3, DDR3L, DDR4, EEPROM, and SPINOR flash; power related components, including PMIC, BUCK, LED driver, USB port management, protection, switch, reset, battery management, motor driver, and audio line driver products; MOSFET; ambient light, temperature and humidity, hall, position, and pressure sensors; and lithium battery related products. In addition, it engages in the investment; estate development and leasing; and electric vehicle power system development businesses, as well as import and export trade of electronic products. The company was formerly known as Infodisc Technology Co., Ltd. and changed its name to Fortune Oriental Company Limited in June 2016. Fortune Oriental Company Limited was founded in 1984 and is headquartered in New Taipei City, Taiwan.

Stock analysis

Fortune Oriental Co Ltd (2491) currently trades at 39.55 TWD, while our model-based Fair Value estimate is 13.71 TWD, implying the stock looks roughly 188.5% overvalued today.

Valuation

Bull case: the Growth Earnings group reads highest at a median of 29.92 TWD per share, and 1 of the 8 models we run sit above the 39.55 TWD price.

Bear case: the Asset-Based group reads lowest at 7.59 TWD, and 7 of the 8 models stay below the price. Evidence for this calculation is low.

Scenario range: 11.09 TWD (bear) to 18.00 TWD (bull), the price of 39.55 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 50/100 (solid quality), in the Consumer Cyclical sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Fortune Oriental Co Ltd reported revenue of 180M TWD in FY2025 versus 370M TWD in FY2021, a compound −16.5%/yr. Reported net income was 117M TWD in FY2025, compounding −1.6%/yr from FY2021.

Key figures

Market cap 3.2B TWD (≈ $102M) · P/E ratio 27.7 · P/S ratio 18.0 · EPS (TTM) 1.43 TWD · Net margin 65.0% · Return on equity 29.2% · Return on assets (EBIT) −11.4% · Operating margin −127%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 30% below its 52-week high and 222% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at −65%, 2491 screens richer than that median.

Fair Value models

Bear 11.09 TWD Fair Value 13.71 TWD Bull 18.00 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 (1.05 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 16.26 TWD 20.04 TWD 26.12 TWD 78

Residual Income 9.57 TWD 10.67 TWD 15.06 TWD 71

Graham-Dodd 9.69 TWD 11.85 TWD 13.33 TWD 67

All 8 models by family

DCF Models

Owner Earnings 16.26 TWD 20.04 TWD 26.12 TWD 78

Earnings-Based

Graham-Dodd 9.69 TWD 11.85 TWD 13.33 TWD 67

Multiples

P/E Multiple 29.94 TWD 39.92 TWD 49.90 TWD 63

P/S Multiple 9.05 TWD 12.06 TWD 15.08 TWD 58

P/B Multiple 18.18 TWD 24.24 TWD 30.30 TWD 55

Asset-Based

NCAV (Graham) 5.67 TWD 7.59 TWD 11.33 TWD 54

Economic Profit

Residual Income 9.57 TWD 10.67 TWD 15.06 TWD 71

Growth Earnings

Growth-Adj P/E 20.94 TWD 29.92 TWD 38.89 TWD 67

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Quality Score breakdown

Overall quality 50/100

Of which business quality 48 · Market factors (momentum, volatility) 73

Profitability 41

Margins and returns on capital today

Quality Growth 27

Are margins and returns improving?

Cashflow 0

Earnings quality: real cash, not paper profit

Fin. Strength 78

Balance sheet, leverage, solvency risk

Investment 80

Disciplined investing over empire-building

Low Volatility 50

Calm price path (market factor)

Momentum 83

Price trend over the last 3–12 months (market factor)

52W Momentum 81

Distance to the 52-week high (market factor)

Net Issuance 83

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. 16/100

Revenue is shrinking: the last year, the last three and the last five years are all negative.

Revenue growth 1 year

−10.4%

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.

−14.8%

Start year 2020 (pandemic). Over 10 years: −7.6% 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.

−15.1%

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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.

−11.5%

Earnings growth per share plus dividend.

Earnings per share, growth per year−11.5%

Dividend (yield on the price)0.0%

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.−12% vs −3%, slowing

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.56% → −78%

Start year 2020 (pandemic)

⚠ Revenue per share shrinking 13.6%/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.

2491 screens 189% overvalued. Compare with Midea Group →

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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.Furnishings, Fixtures & Appliances · 316 stocks

Beats the industry median on 2/10 measures

Overall it trails its industry peers.

Valuation

Quality Score 50 · Below median

Fair Value upside −65% · Bottom 25%

Profitability

Return on equity (TTM) 29% · Top 25%

Return on assets −6% · Bottom 25%

Net margin (TTM) 164% · Top 25%

Operating margin (TTM) −127% · Bottom 25%

Growth and dividend

Revenue growth −19% · Bottom 25%

Valuation Multiplesvs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 27.7× · Pricier than median

P/B 3.49× · Priciest 25%

P/S (TTM) 18.90× · Priciest 25%

Strength profile in five axes (Snowflake)

This stock

Sector peers

VALUE (fair-value potential)0 · sector 33

FUTURE (revenue growth)0 · sector 0

PAST (return on equity)100 · sector 19

HEALTH (low debt)100 · sector 98

DIVIDEND (yield)0 · sector 62

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

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Fortune Oriental Co Ltd · Fair Value
13.71 TWD −189%Fair Value
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<a href="https://www.fairvalue-calculator.com/stock/2491" target="_blank" rel="nofollow noopener" style="display:inline-flex;align-items:center;gap:12px;box-sizing:border-box;font-family:system-ui,-apple-system,Segoe UI,Roboto,sans-serif;text-decoration:none;background:#0f1814;color:#eaf2ed;border:1px solid #2a3a30;border-radius:12px;padding:12px 16px;max-width:360px"><span style="line-height:1.35"><span style="font-size:12px;color:#9fb0a8">Fortune Oriental Co Ltd · Fair Value</span><br><b style="font-size:20px">13.71 TWD</b> <span style="color:#e0816f;font-weight:700;font-size:14px">−189%</span></span><span style="font-size:11px;color:var(--fvc-g-mitte);font-weight:700;margin-left:auto;text-align:right;line-height:1.3">Fair&nbsp;Value<br>Calculator&nbsp;→</span></a>

Cite: Fair Value Calculator (2026). "Fortune Oriental Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2491

Frequently asked questions

Is Fortune Oriental Co Ltd (2491) overvalued or undervalued?

As of Sep 24, 2026, our model estimates a fair value of 13.71 TWD versus a price of 39.55 TWD, about −65% upside (overvalued).

What is the fair value of 2491?

Our model-based fair value for Fortune Oriental Co Ltd is 13.71 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 39.55 TWD.

What is the quality score of 2491?

Fortune Oriental Co Ltd has a Quality Score of 50/100. 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 Oriental Co Ltd (2491)?

Our model-based price target is the fair value of 13.71 TWD (as of Sep 24, 2026) from 8 valuation models. Cautious scenario 11.09 TWD, optimistic scenario 18.00 TWD. It is a calculation from audited fundamentals, not an analyst target.

What is the Fortune Oriental Co Ltd stock forecast for 2026?

Our models put fair value at 13.71 TWD, about −65% upside versus a price of 39.55 TWD (overvalued). Cautious scenario 11.09 TWD, optimistic scenario 18.00 TWD. The calculation is refreshed regularly with new filings.

What is the revenue of Fortune Oriental Co Ltd (2491)?

Fortune Oriental Co Ltd reported trailing-twelve-month revenue of about 172M TWD (latest available figure, as of Sep 24, 2026).

What is the intrinsic value of Fortune Oriental Co Ltd (2491)?

Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fortune Oriental Co Ltd it is 13.71 TWD per share (as of Sep 24, 2026), against a price of 39.55 TWD. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).

Is Fortune Oriental Co Ltd stock overvalued or undervalued in 2026?

As of Sep 24, 2026, 2491 trades above its calculated fair value: price 39.55 TWD, fair value 13.71 TWD, a gap of about −65% (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 2491?

No. The price is what the market pays today (39.55 TWD); the fair value is what the company's own numbers justify (13.71 TWD). For Fortune Oriental Co Ltd the two are 25.84 TWD per share apart. That gap is exactly why we show both numbers side by side.

How much is Fortune Oriental Co Ltd worth?

The market values Fortune Oriental Co Ltd at about 3.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 39.55 TWD; our models calculate a fair value of 13.71 TWD per share.

What do the bullish and bearish scenarios say about 2491?

Our models span a range for Fortune Oriental Co Ltd: cautious scenario 11.09 TWD, base 13.71 TWD, optimistic 18.00 TWD per share (as of Sep 24, 2026, price 39.55 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.

What is the P/E ratio of 2491?

Fortune Oriental Co Ltd trades at a price-to-earnings ratio of 27.7 (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 13.71 TWD is built from several models across several years. Other multiples: P/B 3.5, P/S 18.9.

How solid is the balance sheet of Fortune Oriental Co Ltd (2491)?

Balance-sheet figures for Fortune Oriental Co Ltd (as of Sep 24, 2026): return on equity 29.2%. They feed the Quality Score of 50/100, which measures business quality independently of the share price.

How far is 2491 from its 52-week high?

Fortune Oriental Co Ltd trades at 39.55 TWD, about 30% below its 52-week high of 56.40 TWD and 222% above the low of 12.30 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 13.71 TWD is for.

Which stocks are comparable to Fortune Oriental Co Ltd?

From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, Haier Smart Home Co, King Slide Works Co, 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 Oriental Co Ltd stock attractive at the current price?

The data as of Sep 24, 2026: price 39.55 TWD, calculated fair value 13.71 TWD (−65%), Quality Score 50/100, from 8 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 2491 calculated?

We run Fortune Oriental Co Ltd through 8 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 13.71 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 Oriental Co Ltd 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 Oriental Co Ltd (2491)?

The closing price on Sep 24, 2026 was 39.55 TWD. Our model-based fair value is 13.71 TWD, about −65% upside (overvalued). We carry closing prices from our data provider, not a live tick.

What should I pay attention to with Fortune Oriental Co Ltd right now?

The price sits above even our optimistic bull case (18.00 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 (50/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Fortune Oriental Co Ltd

How large is the market capitalisation of Fortune Oriental Co Ltd (2491)?

The market capitalisation of Fortune Oriental Co Ltd 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 Oriental Co Ltd (2491)?

The price-to-sales ratio of Fortune Oriental Co Ltd is 18.0 (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 Oriental Co Ltd (2491)?

Earnings per share at Fortune Oriental Co Ltd are 1.43 TWD (price ÷ EPS = P/E 27.7). Earnings per share over the last twelve months: total profit spread across every single share.

What is the net margin of Fortune Oriental Co Ltd (2491)?

The net margin of Fortune Oriental Co Ltd is 65.0% (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 Oriental Co Ltd (2491)?

The return on equity (ROE) of Fortune Oriental Co Ltd is 29.2% (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 Oriental Co Ltd (2491)?

On an EBIT basis the return on assets of Fortune Oriental Co Ltd is −11.4% (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 Oriental Co Ltd (2491)?

The operating margin of Fortune Oriental Co Ltd is −127% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.

How fast is revenue growing at Fortune Oriental Co Ltd (2491)?

Revenue at Fortune Oriental Co Ltd is growing −18.7% versus a year earlier. 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 Oriental Co Ltd (2491)?

Earnings per share at Fortune Oriental Co Ltd are growing +327% versus a year earlier. How much earnings per share grew versus a year earlier.

How much free cash flow does Fortune Oriental Co Ltd (2491) generate?

The free cash flow of Fortune Oriental Co Ltd is −90.0M 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 Oriental Co Ltd (2491) hold?

Fortune Oriental Co Ltd holds more cash than debt, 84.5M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.

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