Success Prime Corp (2496) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Success Prime Corp TWD 166, price TWD 55.30, upside +200.0%, quality 73 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Success Prime Corporation offers education services in Taiwan. It provides contracting teachers and course management services. The company also offers tutoring and educational services, including teacher training, curriculum management, and tutoring courses for major subjects in elementary, junior high, and high schools.
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Success Prime Corporation offers education services in Taiwan. It provides contracting teachers and course management services. The company also offers tutoring and educational services, including teacher training, curriculum management, and tutoring courses for major subjects in elementary, junior high, and high schools. Success Prime Corporation was incorporated in 1991 and is headquartered in Taipei, Taiwan.
Stock analysis
Success Prime Corp (2496) currently trades at 55.30 TWD, while our model-based Fair Value estimate is 165.90 TWD, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 228.28 TWD per share, and 24 of the 26 models we run sit above the 55.30 TWD price.
Bear case: the Asset-Based group reads lowest at 31.30 TWD, and 2 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 124.43 TWD (bear) to 207.38 TWD (bull), the price of 55.30 TWD sits below 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 73/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Success Prime Corp reported revenue of 871M TWD in FY2025 versus 662M TWD in FY2021, a compound +7.1%/yr. Reported net income was 117M TWD in FY2025, compounding +19.7%/yr from FY2021.
Key figures
Market cap 1.2B TWD (≈ $36.4M) · P/E ratio 9.1 · P/S ratio 1.21 · EPS (TTM) 6.10 TWD · Dividend yield 8.1% · Net margin 13.4% · Return on equity 14.2% · Return on assets (EBIT) 8.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 14% fair-value upside, at 200%, 2496 screens cheaper than that median.
Fair Value models
Bear 124.43 TWDFair Value 165.90 TWDBull 207.38 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 (1.17 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.72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.2%
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.
+7.4%
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.
+2.3%
Start year 2020 (pandemic). Over 10 years: +19.6% a year
Revenue growth 18 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.
+13.3%
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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.
+23.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.5%
Dividend (yield on the price)8.1%
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.16% vs 10%, 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.11% → 16%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−27.3%
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 −28.4% a year for the price.
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.Education & Training Services · 141 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside+200% · Top 25%
Profitability
Return on equity (TTM)14% · Above median
Return on assets6% · Above median
Net margin (TTM)14% · Above median
Operating margin (TTM)18% · Above median
Growth and dividend
Revenue growth6% · Above median
Dividend yield (TTM)8.1% · Top 25%
Valuation Multiplesvs Education & Training Services median · lower = cheaper
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). "Success Prime Corp Fair Value". https://www.fairvalue-calculator.com/stock/2496
Frequently asked questions
Is Success Prime Corp (2496) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 165.90 TWD versus a price of 55.30 TWD, about +200% upside (undervalued).
What is the fair value of 2496?
Our model-based fair value for Success Prime Corp is 165.90 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 55.30 TWD.
What is the quality score of 2496?
Success Prime Corp has a Quality Score of 73/100. 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 Success Prime Corp (2496)?
Our model-based price target is the fair value of 165.90 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 124.43 TWD, optimistic scenario 207.38 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Success Prime Corp stock forecast for 2026?
Our models put fair value at 165.90 TWD, about +200% upside versus a price of 55.30 TWD (undervalued). Cautious scenario 124.43 TWD, optimistic scenario 207.38 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Success Prime Corp (2496)?
Success Prime Corp reported trailing-twelve-month revenue of about 883M TWD (latest available figure, as of Sep 24, 2026).
Does Success Prime Corp pay a dividend?
Success Prime Corp currently shows a dividend yield of about 8.14% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Success Prime Corp (2496)?
For today's price to be fair in a discounted-cash-flow model, Success Prime Corp would have to grow free cash flow by -27.3 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2496 use?
Our models discount Success Prime Corp at 9.0 %: a base by market capitalisation (nano), damped by beta 0.13, 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 Success Prime Corp that is -27.3 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Success Prime Corp (2496) delivered so far?
Over the past 5 years revenue at Success Prime Corp grew +2.3 % a year. The price currently implies -27.3 % 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 Success Prime Corp (2496) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Success Prime Corp (-27.3 % 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 Success Prime Corp (2496)?
The free-cash-flow yield on the price is 18.72 %: that much free cash flow Success Prime Corp produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Success Prime Corp (2496)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Success Prime Corp it is 165.90 TWD per share (as of Sep 24, 2026), against a price of 55.30 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Success Prime Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2496 trades below its calculated fair value: price 55.30 TWD, fair value 165.90 TWD, a gap of about +200% (undervalued). 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 2496?
No. The price is what the market pays today (55.30 TWD); the fair value is what the company's own numbers justify (165.90 TWD). For Success Prime Corp the two are 110.60 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Success Prime Corp worth?
The market values Success Prime Corp at about 1.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 55.30 TWD; our models calculate a fair value of 165.90 TWD per share.
What do the bullish and bearish scenarios say about 2496?
Our models span a range for Success Prime Corp: cautious scenario 124.43 TWD, base 165.90 TWD, optimistic 207.38 TWD per share (as of Sep 24, 2026, price 55.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2496?
Success Prime Corp trades at a price-to-earnings ratio of 9.1 (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 165.90 TWD is built from several models across several years. Other multiples: P/B 1.3, P/S 1.3, EV/EBITDA 5.6.
How solid is the balance sheet of Success Prime Corp (2496)?
Balance-sheet figures for Success Prime Corp (as of Sep 24, 2026): return on equity 14.2%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is 2496 from its 52-week high?
Success Prime Corp trades at 55.30 TWD, about 22% below its 52-week high of 70.90 TWD and 1% above the low of 54.50 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 165.90 TWD is for.
Which stocks are comparable to Success Prime Corp?
From the same area (Consumer Defensive) we also value New Oriental Education & Technology Group, TAL Education Group, Laureate Education, Inc, Grand Canyon Education, 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 Success Prime Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 55.30 TWD, calculated fair value 165.90 TWD (+200%), Quality Score 73/100, from 26 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 2496 calculated?
We run Success Prime Corp through 26 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 165.90 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 14.0 % above its aggregate fair value. Success Prime Corp currently trades 200 % 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 Success Prime Corp (2496)?
The closing price on Sep 24, 2026 was 55.30 TWD. Our model-based fair value is 165.90 TWD, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Success Prime Corp right now?
The rarer combination: high quality (73/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (124.43 TWD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Success Prime Corp
How large is the market capitalisation of Success Prime Corp (2496)?
The market capitalisation of Success Prime Corp is 1.2B TWD (≈ $36.4M). 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 Success Prime Corp (2496)?
The price-to-sales ratio of Success Prime Corp is 1.21 (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 Success Prime Corp (2496)?
Earnings per share at Success Prime Corp are 6.10 TWD (price ÷ EPS = P/E 9.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Success Prime Corp (2496)?
The dividend yield of Success Prime Corp is 8.1% (payout 73.8%). 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 Success Prime Corp (2496)?
The net margin of Success Prime Corp is 13.4% (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 Success Prime Corp (2496)?
The return on equity (ROE) of Success Prime Corp is 14.2% (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 Success Prime Corp (2496)?
On an EBIT basis the return on assets of Success Prime Corp is 8.3% (avg 4y). 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 Success Prime Corp (2496)?
The operating margin of Success Prime Corp is 17.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Success Prime Corp (2496)?
Revenue at Success Prime Corp is growing +6.0% versus a year earlier (3y avg +7.4%). 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 Success Prime Corp (2496)?
Earnings per share at Success Prime Corp are growing +21.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Success Prime Corp (2496) hold?
Success Prime Corp holds more cash than debt, 157M TWD net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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