EN DE

Fortune Oriental Company (2491) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 2.5B TWD

FO Fortune Oriental Company 2491 · TW
Price34.90 TWD
Fair Value21.61 TWD
Upside-38.1%
Quality50/100
Watch Fortune Oriental Company for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Highly profitable · 164.3% net margin
Low debt · negative free cash flow
Trails peers (3/11)
Narrow moat 41/100
Evidence: Medium Range 15.13 TWD – 30.30 TWD Share as image

Fair value as of: Jul 23, 2026

From 8 valuation models · updated 18 days ago

Share price −4.8% over the past month.

A solid business, but screening 38% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (30.30 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (15.13 TWD to 30.30 TWD) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

44.00 TWD 9.45 TWD Fair Value 21.61 TWD Mar 2021 Aug 2026

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 9.45 TWD – 44.00 TWD · fair‑value band 15.13 TWD – 30.30 TWD · the 34.90 TWD price screens above the 21.61 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Fortune Oriental Company (2491) currently trades at 34.90 TWD, while our model-based Fair Value estimate is 21.61 TWD, implying the stock looks roughly 38.1% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical 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: medium).

Trailing-twelve-month revenue stands at 172M TWD. Revenue declined 18.7% year over year. It earns a return on equity of 29.2%. The balance sheet holds a net cash position of 84.5M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 15.13 TWD (bear case) to 30.30 TWD (bull case); at 34.90 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 7% below its 52-week high and 256% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -38%, 2491 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.

Model 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
Highest evidence
Growth-Adj P/E 15.13 TWD 21.61 TWD 28.10 TWD 68
P/E Multiple 21.39 TWD 28.51 TWD 35.64 TWD 63
Residual Income 10.49 TWD 12.46 TWD 24.82 TWD 61
All 8 models by family
DCF Models
Owner Earnings 19.50 TWD 26.01 TWD 37.69 TWD 31
Earnings-Based
Graham-Dodd 9.69 TWD 11.85 TWD 13.33 TWD 54
Multiples
P/E Multiple 21.39 TWD 28.51 TWD 35.64 TWD 63
P/S Multiple 4.11 TWD 5.48 TWD 6.85 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 50
Economic Profit
Residual Income 10.49 TWD 12.46 TWD 24.82 TWD 61
Growth Earnings
Growth-Adj P/E 15.13 TWD 21.61 TWD 28.10 TWD 68

Widest divergence: DCF Models (26.01 TWD) versus Asset-Based (7.59 TWD). Highest evidence: Growth-Adj P/E (68).

Notify me when 2491 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 172M TWD
Revenue growth (YoY) -18.7%
Net margin 164%
Return on equity 29.2%
Free cash flow −90.0M TWD FY2025
P/E ratio 21.5
More key figures
Operating margin -127%
EPS (TTM) 1.43 TWD
EPS growth (YoY) +327%
Net cash 84.5M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 48 · Market factors (momentum, volatility) 81

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 100
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

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

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

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fortune Oriental Company 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.

Growth Quality 16/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
180M TWD
Latest YoY
−10.4%
Avg. growth/yr (5Y) 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.
−14.8%
Avg. growth/yr (23Y) 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.
−15.1%
Revenue −16.5%/yr
FY21 370M TWD
FY22 −241M TWD
FY23 193M TWD
FY24 201M TWD
FY25 180M TWD
Net income −1.6%/yr
FY21 125M TWD
FY22 −645M TWD
FY23 37.2M TWD
FY24 −32.8M TWD
FY25 117M TWD

2491 screens 38% overvalued. Compare with Midea Group →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

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

Peer Group

Furnishings, Fixtures & Appliances · 311 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.

Quality Score 50 · Below median
Fair Value upside −38% · Below median
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%
Revenue growth -19% · Bottom 25%

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 21.5× · Pricier than median
P/B 2.72× · Pricier than 75% of peers
P/S (TTM) 14.72× · Pricier than 75% of peers

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 · sector 22
FUTURE 0 · sector 0
PAST 100 · sector 19
HEALTH 100 · sector 97
DIVIDEND 0 · sector 55

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

Compare Fortune Oriental Company with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Fortune Oriental Company (2491) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 21.61 TWD versus a price of 34.90 TWD, about −38% (overvalued).
What is the fair value of 2491?
Our model-based fair value for Fortune Oriental Company is 21.61 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 34.90 TWD.
What is the quality score of 2491?
Fortune Oriental Company 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 revenue of Fortune Oriental Company (2491)?
Fortune Oriental Company reported trailing-twelve-month revenue of about 172M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 2491?
The net profit margin of Fortune Oriental Company is about 164.3%, meaning it keeps roughly 164.3% of revenue as net income. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Fortune Oriental Company and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.