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Gseven Co (2937) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 2.1B TWD

GC Gseven Co 2937 · TWO
Price45.45 TWD
Fair Value69.03 TWD
Upside+51.9%
Quality54/100
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Expensive Growth
Thin margins · 3.2% net margin
Low debt · negative free cash flow
4.43% dividend yield
Ranks above peers (9/13)
Narrow moat 38/100
Evidence: High Range 51.77 TWD – 86.28 TWD Share as image

Fair value as of: Jul 23, 2026

From 17 valuation models · updated 18 days ago

Share price −5.2% over the past month.

A solid business, screening 52% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (51.77 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

52.40 TWD 24.74 TWD Fair Value 69.03 TWD Jan 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 24.74 TWD – 52.40 TWD · fair‑value band 51.77 TWD – 86.28 TWD · the 45.45 TWD price screens below the 69.03 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Gseven Co (2937) currently trades at 45.45 TWD, while our model-based Fair Value estimate is 69.03 TWD, implying the stock looks roughly 51.9% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Gseven Co generated revenue of 5.3B TWD at a net margin of 3.2%. Revenue grew 4.8% year over year. It earns a return on equity of 16.2%. Net debt stands at 432M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 51.77 TWD (bear case) to 86.28 TWD (bull case); at 45.45 TWD, the current price sits below 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 9% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at 52%, 2937 screens cheaper 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
Residual Income 25.96 TWD 33.40 TWD 80.98 TWD 76
ROIC Compounder 51.81 TWD 68.55 TWD 90.38 TWD 72
Gordon GGM 15.97 TWD 31.82 TWD 48.18 TWD 70
All 17 models by family
DCF Models
Owner Earnings 32.62 TWD 57.65 TWD 102.56 TWD 31
Earnings-Based
Graham-Dodd 27.61 TWD 151.34 TWD 209.95 TWD 54
Lynch FV 42.09 TWD 60.13 TWD 78.17 TWD 50
PEG = 1.0 42.09 TWD 60.13 TWD 78.17 TWD 46
EPV 45.34 TWD 51.65 TWD 57.09 TWD 59
Dividend Discount
Gordon GGM 15.97 TWD 31.82 TWD 48.18 TWD 70
DDM Multi-Stage 15.97 TWD 27.50 TWD 33.59 TWD 61
Multiples
P/E Multiple 67.00 TWD 89.33 TWD 111.66 TWD 63
P/S Multiple 51.77 TWD 69.03 TWD 86.28 TWD 58
P/B Multiple 51.77 TWD 69.03 TWD 86.28 TWD 55
EV/EBIT 75.40 TWD 98.75 TWD 122.09 TWD 53
EV/EBITDA 59.05 TWD 76.94 TWD 94.83 TWD 54
EV/Revenue 52.58 TWD 72.81 TWD 93.04 TWD 43
Asset-Based
NCAV (Graham) 12.91 TWD 17.30 TWD 25.83 TWD 50
Economic Profit
Residual Income 25.96 TWD 33.40 TWD 80.98 TWD 76
ROIC Compounder 51.81 TWD 68.55 TWD 90.38 TWD 72
Growth Earnings
Growth-Adj P/E 62.73 TWD 89.61 TWD 116.49 TWD 68

Widest divergence: Growth Earnings (89.61 TWD) versus Asset-Based (17.30 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 5.3B TWD
Revenue growth (YoY) +4.8%
Net margin 3.2%
Return on equity 16.2%
Free cash flow −126M TWD FY2025
P/E ratio 11.9
More key figures
Operating margin 2.8%
EPS (TTM) 4.04 TWD
EPS growth (YoY) -28.7%
Net debt 432M TWD FY2025

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 52 · Market factors (momentum, volatility) 60

Profitability 56
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 45
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

Gseven Co., Ltd. sells and purchases consumer electronic products in Taiwan. It offers audio standalone products, such as surround amplifiers, integrated amplifiers, pre and power amplifiers, headphone amplifiers, streaming and vinyl players, and CD players; passive horns, wireless/bluetooth speakers, center channel speakers, subwoofers, active horns, and …

Full company description

Gseven Co., Ltd. sells and purchases consumer electronic products in Taiwan. It offers audio standalone products, such as surround amplifiers, integrated amplifiers, pre and power amplifiers, headphone amplifiers, streaming and vinyl players, and CD players; passive horns, wireless/bluetooth speakers, center channel speakers, subwoofers, active horns, and system horns; brand package theaters, sound bars, bedside stereos, and blu-ray players; television and projection products; and home appliances, including washing machines, upright washing machines, cloth dryers, garment irons, vacuum cleaners, robots vacuum cleaner, cordless phones, and other home appliances. The company also provides refrigerators, freezer, microwave ovens, ovens, electric pots, dishwashers, juicers, induction cookers, thermos, air fryer, water dispenser, coffee machine, and other kitchen appliances; hair styling products, electric shavers, electric toothbrushes, and other beauty and health products; dehumidifiers, air purifiers, electric fans, electric heaters, and air conditioning; digital cameras, wired headsets, wireless headphones, esports monitor, laptops, and Walkman products; and kitchen party, home selection, and fragrance products, as well as texture cultural relics. In addition, it is involved in import-export trading, agency bidding, distribution for domestic and international manufacturers, and wholesale and retail of medical equipment, audio-visual equipment, as well as providing maintenance and repair services. Gseven Co., Ltd. was founded in 1994 and is headquartered in Kaohsiung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Gseven Co reported revenue of 5.2B TWD in FY2025 versus 3.2B TWD in FY2021, a compound +13.0%/yr. Reported net income was 177M TWD in FY2025, compounding +10.8%/yr from FY2021.

Growth Quality 60/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
5.2B TWD
Latest YoY
+11.9%
Avg. growth/yr (3Y) 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.
+11.0%
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.
+12.5%
Avg. growth/yr (12Y) 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.
+15.8%
Revenue +13.0%/yr
FY21 3.2B TWD
FY22 3.8B TWD
FY23 4.1B TWD
FY24 4.6B TWD
FY25 5.2B TWD
Net income +10.8%/yr
FY21 117M TWD
FY22 140M TWD
FY23 108M TWD
FY24 153M TWD
FY25 177M TWD
Character of growth · EPS growth decomposed (2013-2023) +16.1 % p.a.
Revenue per share +13.6 pp

of which total revenue +17.2 pp · buybacks/dilution −3.6 pp

EBIT margin +3.4 pp
Tax rate −0.6 pp
Residual (interest, one-offs) −0.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Gseven Co Fair Value". https://www.fairvalue-calculator.com/stock/2937

Peer Group

Specialty Retail · 221 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 54 · Below median
Fair Value upside +52% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 5% · Above median
Dividend yield (TTM) 4.4% · Above median

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/E (TTM) 11.8× · Cheaper than median
P/B 1.85× · Pricier than median
P/S (TTM) 0.40× · Cheaper than median
EV/EBITDA 7.8× · Pricier than median

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 100 · sector 29
FUTURE 24 · sector 23
PAST 65 · sector 27
HEALTH 100 · sector 94
DIVIDEND 89 · sector 51

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 Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Casey's General Stores, Inc CASY $827.04 $405.44 -51%
Williams-Sonoma, Inc WSM $222.84 $164.16 -26%
Ulta Beauty, Inc ULTA $479.57 $488.39 +2%
DICK'S Sporting Goods, Inc DKS $208.89 $181.10 -13%
Best Buy Co BBY $83.98 $109.12 +30%
China Tourism Group 601888 ¥52.90 ¥40.40 -24%
Tractor Supply Company TSCO $31.01 $35.52 +15%
Murphy USA Inc MUSA $618.57 $423.35 -32%
Five Below, Inc FIVE $197.71 $117.29 -41%
Taiwan Mobile Co 3045 110.50 TWD 80.98 TWD -27%

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Frequently asked questions

Is Gseven Co (2937) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 69.03 TWD versus a price of 45.45 TWD, about +52% (undervalued).
What is the fair value of 2937?
Our model-based fair value for Gseven Co is 69.03 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 45.45 TWD.
What is the quality score of 2937?
Gseven Co has a Quality Score of 54/100. 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 Gseven Co (2937)?
Gseven Co reported trailing-twelve-month revenue of about 5.3B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 2937?
The net profit margin of Gseven Co is about 3.2%, meaning it keeps roughly 3.2% 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.

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