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LIWANLI Innovation Co (3054) Fair Value & Analysis

Healthcare · TW · Market cap 4.5B TWD

LI LIWANLI Innovation Co 3054 · TW
Price48.35 TWD
Fair Value18.17 TWD
Upside-62.4%
Quality59/100
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Weak Growth
Highly profitable · 94.5% net margin
Low debt · negative free cash flow
1.45% dividend yield
Mixed vs. peers (6/13)
Wide moat 72/100
Evidence: Medium Range 13.33 TWD – 38.64 TWD Share as image

Fair value as of: Jul 23, 2026

From 10 valuation models · updated 18 days ago

Share price −23.7% over the past month.

A solid business, but screening 62% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (38.64 TWD). The favourable scenario is already priced in.
  • The model range is unusually wide (13.33 TWD to 38.64 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

90.30 TWD 18.50 TWD Fair Value 18.17 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 18.50 TWD – 90.30 TWD · fair‑value band 13.33 TWD – 38.64 TWD · the 48.35 TWD price screens above the 18.17 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

LIWANLI Innovation Co (3054) currently trades at 48.35 TWD, while our model-based Fair Value estimate is 18.17 TWD, implying the stock looks roughly 62.4% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Healthcare 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 243M TWD. It earns a return on equity of 26.3%. The balance sheet holds a net cash position of 143M TWD. The stock trades on a trailing P/E of 35.1. Fundamentals as of Jul 23, 2026

Our scenario range runs from 13.33 TWD (bear case) to 38.64 TWD (bull case); at 48.35 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 50% below its 52-week high and 120% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at -62%, 3054 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
Residual Income 12.88 TWD 16.57 TWD 41.78 TWD 76
Gordon GGM 4.89 TWD 5.33 TWD 5.99 TWD 70
Growth-Adj P/E 20.81 TWD 29.73 TWD 38.64 TWD 68
All 10 models by family
DCF Models
Owner Earnings 15.57 TWD 22.14 TWD 33.92 TWD 31
Earnings-Based
Graham-Dodd 13.33 TWD 16.30 TWD 18.33 TWD 54
Dividend Discount
Gordon GGM 4.89 TWD 5.33 TWD 5.99 TWD 70
DDM Multi-Stage 4.89 TWD 6.04 TWD 7.61 TWD 61
Multiples
P/E Multiple 29.41 TWD 39.22 TWD 49.02 TWD 63
P/S Multiple 2.92 TWD 3.89 TWD 4.86 TWD 58
P/B Multiple 25.00 TWD 33.33 TWD 41.67 TWD 55
Asset-Based
NCAV (Graham) 6.55 TWD 8.77 TWD 13.09 TWD 50
Economic Profit
Residual Income 12.88 TWD 16.57 TWD 41.78 TWD 76
Growth Earnings
Growth-Adj P/E 20.81 TWD 29.73 TWD 38.64 TWD 68

Widest divergence: Multiples (33.33 TWD) versus Dividend Discount (5.33 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 415M TWD
Revenue growth (YoY) +537%
Net margin 94.5%
Return on equity 34.3%
Free cash flow −75.8M TWD FY2025
P/E ratio 35.1
More key figures
Operating margin 27.5%
EPS (TTM) 1.94 TWD
Dividend yield 1.5%
EPS growth (YoY) +7,300%
Net cash 143M TWD FY2025

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 54 · Market factors (momentum, volatility) 63

Profitability 49
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 81
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

LIWANLI Innovation Co., Ltd. operates in the biomedical science industry in Taiwan and internationally. The company offers Vigoway and powder collection products for males, females, the elderly, and children.

Full company description

LIWANLI Innovation Co., Ltd. operates in the biomedical science industry in Taiwan and internationally. The company offers Vigoway and powder collection products for males, females, the elderly, and children. Its products include black elderberry powder, probiotic enzymes, oral care tablets, resveratrol red grape extract, e-soothing powder, tooth guard tablets, bovine and goat's milk bites, bilberry tablets, drops, and other products. The company was formerly known as Carry Technology International Co., Ltd. and changed its name to LIWANLI Innovation Co., Ltd. in 2015. LIWANLI Innovation Co., Ltd. was founded in 1980 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LIWANLI Innovation Co reported revenue of 126M TWD in FY2025 versus 47.8M TWD in FY2021, a compound +27.3%/yr. Reported net income was 158M TWD in FY2025, compounding +36.5%/yr from FY2021.

Growth Quality 30/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
126M TWD
Latest YoY
+26.6%
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.
+54.6%
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.
−14.6%
Avg. growth/yr (22Y) 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.
−9.6%
Revenue +27.3%/yr
FY21 47.8M TWD
FY22 34.0M TWD
FY23 38.9M TWD
FY24 99.2M TWD
FY25 126M TWD
Net income +36.5%/yr
FY21 45.6M TWD
FY22 −121M TWD
FY23 5.1M TWD
FY24 −32.1M TWD
FY25 158M TWD

3054 screens 62% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

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Cite: Fair Value Calculator (2026). "LIWANLI Innovation Co Fair Value". https://www.fairvalue-calculator.com/stock/3054

Peer Group

Drug Manufacturers - Specialty & Generic · 624 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 59 · Above median
Fair Value upside −62% · Bottom 25%
Return on equity (TTM) 34% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 94% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth 537% · Top 25%
Dividend yield (TTM) 1.5% · Below median
Debt / equity 0.32× · Higher than 75% of peers

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/E (TTM) 28.6× · Pricier than median
P/B 4.24× · Pricier than 75% of peers
P/S (TTM) 10.79× · Pricier than 75% of peers
EV/EBITDA 58.6× · 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 7
FUTURE 100 · sector 20
PAST 100 · sector 24
HEALTH 84 · sector 97
DIVIDEND 29 · sector 34

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

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Frequently asked questions

Is LIWANLI Innovation Co (3054) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 18.17 TWD versus a price of 48.35 TWD, about −62% (overvalued).
What is the fair value of 3054?
Our model-based fair value for LIWANLI Innovation Co is 18.17 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 48.35 TWD.
What is the quality score of 3054?
LIWANLI Innovation Co has a Quality Score of 59/100. 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 LIWANLI Innovation Co (3054)?
LIWANLI Innovation Co reported trailing-twelve-month revenue of about 243M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3054?
The net profit margin of LIWANLI Innovation Co is about 112.4%, meaning it keeps roughly 112.4% of revenue as net income. Based on the latest reported figures.
Does LIWANLI Innovation Co pay a dividend?
LIWANLI Innovation Co currently shows a dividend yield of about 1.45% relative to its recent price (as of Jul 23, 2026).

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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