Franbo Lines (2641) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Franbo Lines TWD 11.64, price TWD 17.55, upside -33.7%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Franbo Lines Corp., together with its subsidiaries, provides shipping services in Taiwan, Japan, Thailand, Singapore, Canada, Ireland, Panama, and Marshall Islands. It operates in two segments, Shipping and Construction.
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Franbo Lines Corp., together with its subsidiaries, provides shipping services in Taiwan, Japan, Thailand, Singapore, Canada, Ireland, Panama, and Marshall Islands. It operates in two segments, Shipping and Construction. The company owns and constructs vessels; and offers ship chartering, agency, and consultancy, as well as bulk carrier brokerage, ocean freight forwarding and contracting, and other related services. It also provides ship management services, including ship safety and environmental protection, ship maintenance and supply, repair and construction supervision, insurance and legal affairs, and crew recruitment and training management. The company was incorporated in 1998 and is based in Kaohsiung, Taiwan.
Stock analysis
Franbo Lines (2641) currently trades at 17.55 TWD, while our model-based Fair Value estimate is 11.64 TWD, implying the stock looks roughly 50.8% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 38.52 TWD per share, and 9 of the 15 models we run sit above the 17.55 TWD price.
Bear case: the Economic Profit group reads lowest at 5.20 TWD, and 6 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 8.73 TWD (bear) to 14.55 TWD (bull), the price of 17.55 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 35/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Franbo Lines reported revenue of 2.4B TWD in FY2025 versus 1.2B TWD in FY2021, a compound +17.9%/yr. Reported net income was 646M TWD in FY2025, compounding +14.5%/yr from FY2021.
Key figures
Market cap 5.7B TWD (≈ $180M) · P/E ratio 9.5 · P/S ratio 2.60 · EPS (TTM) 1.84 TWD · Dividend yield 2.8% · Net margin 27.3% · Return on equity 9.7% · Return on assets (EBIT) 8.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 61% fair-value upside, at −34%, 2641 screens richer than that median.
Fair Value models
Bear 8.73 TWDFair Value 11.64 TWDBull 14.55 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 (0.9839 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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+43.1%
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.
+17.3%
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.
+25.9%
Start year 2020 (pandemic). Over 10 years: +12.6% a year
Revenue growth 15 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%
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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.
+30.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.7%
Dividend (yield on the price)2.8%
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.28% vs 14%, 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.22% → 36%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 4.0%/yr over ~10Y (margins intact) ⓘ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.
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.Marine Shipping · 233 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside−34% · Bottom 25%
Profitability
Return on equity (TTM)10% · Above median
Return on assets4% · Above median
Net margin (TTM)32% · Top 25%
Operating margin (TTM)35% · Top 25%
Growth and dividend
Revenue growth20% · Above median
Dividend yield (TTM)2.8% · Above median
Balance sheet
Debt / equity0.68× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/E (TTM)9.5× · Cheaper than median
P/B0.71× · Cheaper than median
P/S (TTM)2.32× · Pricier than median
EV/EBITDA6.9× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)100· sector 23
PAST (return on equity)39· sector 30
HEALTH (low debt)66· sector 89
DIVIDEND (yield)57· sector 54
VALUE 0: the price sits above our fair-value range.
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). "Franbo Lines Fair Value". https://www.fairvalue-calculator.com/stock/2641
Frequently asked questions
Is Franbo Lines (2641) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 11.64 TWD versus a price of 17.55 TWD, about −34% upside (overvalued).
What is the fair value of 2641?
Our model-based fair value for Franbo Lines is 11.64 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 17.55 TWD.
What is the quality score of 2641?
Franbo Lines has a Quality Score of 35/100. 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 Franbo Lines (2641)?
Our model-based price target is the fair value of 11.64 TWD (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 8.73 TWD, optimistic scenario 14.55 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Franbo Lines stock forecast for 2026?
Our models put fair value at 11.64 TWD, about −34% upside versus a price of 17.55 TWD (overvalued). Cautious scenario 8.73 TWD, optimistic scenario 14.55 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Franbo Lines (2641)?
Franbo Lines reported trailing-twelve-month revenue of about 2.5B TWD (latest available figure, as of Sep 24, 2026).
Does Franbo Lines pay a dividend?
Franbo Lines currently shows a dividend yield of about 2.85% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Franbo Lines (2641)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Franbo Lines it is 11.64 TWD per share (as of Sep 24, 2026), against a price of 17.55 TWD. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Franbo Lines stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2641 trades above its calculated fair value: price 17.55 TWD, fair value 11.64 TWD, a gap of about −34% (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 2641?
No. The price is what the market pays today (17.55 TWD); the fair value is what the company's own numbers justify (11.64 TWD). For Franbo Lines the two are 5.91 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Franbo Lines worth?
The market values Franbo Lines at about 5.7B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 17.55 TWD; our models calculate a fair value of 11.64 TWD per share.
What do the bullish and bearish scenarios say about 2641?
Our models span a range for Franbo Lines: cautious scenario 8.73 TWD, base 11.64 TWD, optimistic 14.55 TWD per share (as of Sep 24, 2026, price 17.55 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2641?
Franbo Lines trades at a price-to-earnings ratio of 9.5 (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 11.64 TWD is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 9.5 (reported 8.9). Other multiples: P/B 0.7, P/S 2.3, EV/EBITDA 6.9.
How solid is the balance sheet of Franbo Lines (2641)?
Balance-sheet figures for Franbo Lines (as of Sep 24, 2026): return on equity 9.7%, debt of 0.68 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is 2641 from its 52-week high?
Franbo Lines trades at 17.55 TWD, about 21% below its 52-week high of 22.20 TWD and 5% above the low of 16.75 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 11.64 TWD is for.
Which stocks are comparable to Franbo Lines?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) 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 Franbo Lines stock attractive at the current price?
The data as of Sep 24, 2026: price 17.55 TWD, calculated fair value 11.64 TWD (−34%), Quality Score 35/100, from 16 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 2641 calculated?
We run Franbo Lines through 16 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 11.64 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 13.0 % above its aggregate fair value. Franbo Lines 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 Franbo Lines (2641)?
The closing price on Sep 24, 2026 was 17.55 TWD. Our model-based fair value is 11.64 TWD, about −34% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Franbo Lines right now?
The price sits above even our optimistic bull case (14.55 TWD). The favourable scenario is already priced in. Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Franbo Lines (2641) come from?
Earnings per share at Franbo Lines grew +21.0 % a year from 2012 to 2023. Broken into its drivers: revenue per share −3.3 %, EBIT margin +20.9 %, tax rate +1.9 %, residual (interest, one-offs) +1.7 %. 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 Franbo Lines
How large is the market capitalisation of Franbo Lines (2641)?
The market capitalisation of Franbo Lines is 5.7B TWD (≈ $180M). 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 Franbo Lines (2641)?
The price-to-sales ratio of Franbo Lines is 2.60 (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 Franbo Lines (2641)?
Earnings per share at Franbo Lines are 1.84 TWD (price ÷ EPS = P/E 9.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Franbo Lines (2641)?
The dividend yield of Franbo Lines is 2.8% (payout 27.2%). 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 Franbo Lines (2641)?
The net margin of Franbo Lines is 27.3% (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 Franbo Lines (2641)?
The return on equity (ROE) of Franbo Lines is 9.7% (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 Franbo Lines (2641)?
On an EBIT basis the return on assets of Franbo Lines is 8.2% (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 Franbo Lines (2641)?
The operating margin of Franbo Lines is 34.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Franbo Lines (2641)?
Revenue at Franbo Lines is growing +20.0% versus a year earlier (3y avg +17.3%). 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 Franbo Lines (2641)?
Earnings per share at Franbo Lines are growing +133% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Franbo Lines (2641) generate?
The free cash flow of Franbo Lines is −3.2B 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 debt does Franbo Lines (2641) carry?
The net debt of Franbo Lines is 4.8B TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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