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GeoVision Inc (3356) Fair Value & Analysis

Industrials · TW · Market cap 3.9B TWD

GI GeoVision Inc 3356 · TW
Price57.60 TWD
Fair Value37.15 TWD
Upside-35.5%
Quality64/100
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Weak Growth
Highly profitable · 78.0% net margin
Low debt · generates free cash flow
6.14% dividend yield
Ranks above peers (9/14)
Moderate moat 62/100
Evidence: High Range 27.86 TWD – 46.44 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 31.62 TWD to 37.15 TWD (+17.5%) since Jul 9, 2026. Share price −3.7% over the past month.

A solid business, but screening 36% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (46.44 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

75.40 TWD 22.47 TWD Fair Value 37.15 TWD Feb 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 22.47 TWD – 75.40 TWD · fair‑value band 27.86 TWD – 46.44 TWD · the 57.60 TWD price screens above the 37.15 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

GeoVision Inc (3356) currently trades at 57.60 TWD, while our model-based Fair Value estimate is 37.15 TWD, implying the stock looks roughly 35.5% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Industrials 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: high).

Over the trailing twelve months, GeoVision Inc generated revenue of 1.0B TWD at a net margin of 78.0%. Revenue grew 8.1% year over year. It earns a return on equity of 33.2%. The balance sheet holds a net cash position of 551M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 27.86 TWD (bear case) to 46.44 TWD (bull case); at 57.60 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 15% below its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at -36%, 3356 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 DCF 17.65 TWD 20.60 TWD 25.47 TWD 80
Residual Income 44.02 TWD 54.56 TWD 138.66 TWD 76
Rev-Margin DCF 15.05 TWD 17.52 TWD 20.59 TWD 74
All 24 models by family
DCF Models
FCF DCF 17.30 TWD 20.35 TWD 25.84 TWD 38
Owner Earnings 81.02 TWD 107.39 TWD 154.71 TWD 31
5Y Revenue Exit 15.05 TWD 17.31 TWD 20.59 TWD 39
5Y EBITDA Exit 17.87 TWD 22.19 TWD 27.91 TWD 41
5Y P/E Exit 68.13 TWD 109.18 TWD 157.94 TWD 38
10Y Revenue Exit 15.78 TWD 17.51 TWD 19.32 TWD 36
10Y EBITDA Exit 17.58 TWD 20.46 TWD 23.52 TWD 37
10Y P/E Exit 47.40 TWD 73.03 TWD 98.12 TWD 35
Earnings-Based
Graham-Dodd 49.23 TWD 60.17 TWD 67.69 TWD 54
EPV 11.46 TWD 11.86 TWD 12.20 TWD 59
Dividend Discount
Gordon GGM 40.97 TWD 44.65 TWD 50.21 TWD 70
DDM Multi-Stage 40.97 TWD 50.62 TWD 63.80 TWD 61
Multiples
P/E Multiple 108.60 TWD 144.80 TWD 181.00 TWD 63
P/S Multiple 27.86 TWD 37.15 TWD 46.44 TWD 58
P/B Multiple 81.50 TWD 108.66 TWD 135.83 TWD 55
EV/EBIT 16.42 TWD 18.91 TWD 21.41 TWD 53
EV/EBITDA 19.82 TWD 23.45 TWD 27.08 TWD 54
EV/Revenue 13.98 TWD 16.14 TWD 18.30 TWD 43
Asset-Based
NCAV (Graham) 18.11 TWD 24.27 TWD 36.22 TWD 50
Growth DCF
Growth DCF 17.65 TWD 20.60 TWD 25.47 TWD 80
Rev-Margin DCF 15.05 TWD 17.52 TWD 20.59 TWD 74
Economic Profit
Residual Income 44.02 TWD 54.56 TWD 138.66 TWD 76
ROIC Compounder 11.46 TWD 11.86 TWD 12.20 TWD 72
Growth Earnings
Growth-Adj P/E 76.83 TWD 109.76 TWD 142.69 TWD 68

Widest divergence: Growth Earnings (109.76 TWD) versus Earnings-Based (11.86 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.0B TWD
Revenue growth (YoY) +8.1%
Net margin 78.0%
Return on equity 33.2%
Free cash flow 61.9M TWD FY2025
P/E ratio 9.1
More key figures
Operating margin 3.6%
EPS (TTM) 6.20 TWD
Dividend yield 7.3%
EPS growth (YoY) +40.7%
Net cash 551M TWD FY2025

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 63 · Market factors (momentum, volatility) 60

Profitability 65
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 57
Distance to the 52-week high (market factor)
Net Issuance 92
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

GeoVision Inc., together with its subsidiaries, engages in conducting research, development, sales, and after-sales service of remote digital monitoring systems internationally.

Full company description

GeoVision Inc., together with its subsidiaries, engages in conducting research, development, sales, and after-sales service of remote digital monitoring systems internationally. The company offers IP cameras; HD analog, standalone NVR, and HD DVR products; access control products, such as software, IP control panels and kits, controllers, readers, and accessories; license plate recognition products; video management, including VMS, NVR, recording server, edge recording manager, large scale monitoring, integration, backup management, video analytics, and mobile server; AI and cloud solutions; and surveillance systems. It also provides standalone and decoder products; PoE solutions; and IP speakers and IO boxes. The company serves the retail, commercial, government, transportation, hospitals, gaming, and residence industries through distributors, system integrators, and installers. GeoVision Inc. was founded in 1998 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GeoVision Inc reported revenue of 1.0B TWD in FY2025 versus 1.2B TWD in FY2021, a compound −4.9%/yr. Reported net income was 496M TWD in FY2025, compounding +29.5%/yr from FY2021.

Growth Quality 36/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.0B TWD
Latest YoY
−15.0%
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.
−8.2%
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.
−2.5%
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.
+2.4%
Revenue −4.9%/yr
FY21 1.2B TWD
FY22 1.3B TWD
FY23 1.3B TWD
FY24 1.2B TWD
FY25 1.0B TWD
Net income +29.5%/yr
FY21 177M TWD
FY22 107M TWD
FY23 287M TWD
FY24 625M TWD
FY25 496M TWD
Character of growth · EPS growth decomposed (2014-2025) +3.3 % p.a.
Revenue per share −7.0 pp

of which total revenue −6.3 pp · buybacks/dilution −0.7 pp

EBIT margin −8.7 pp
Tax rate +1.3 pp
Residual (interest, one-offs) +17.7 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).

3356 screens 36% overvalued. Compare with ASSA ABLOY AB →

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Cite: Fair Value Calculator (2026). "GeoVision Inc Fair Value". https://www.fairvalue-calculator.com/stock/3356

Peer Group

Security & Protection Services · 114 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 64 · Above median
Fair Value upside −36% · Below median
Return on equity (TTM) 33% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 78% · Top 25%
Operating margin (TTM) 4% · Below median
Revenue growth 8% · Above median
Dividend yield (TTM) 6.1% · Top 25%

Valuation Multiples vs Security & Protection Services median · lower = cheaper

P/E (TTM) 9.3× · Cheaper than 75% of peers
P/B 1.59× · Pricier than median
P/S (TTM) 3.80× · Pricier than 75% of peers
P/FCF 2.0× · Cheaper than median
PEG 0.78× · Cheaper 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 0 · sector 19
FUTURE 41 · sector 39
PAST 100 · sector 20
HEALTH 100 · sector 99
DIVIDEND 100 · sector 49

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 Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
ASSA ABLOY AB ASSAB kr 348.40 kr 269.97 -23%
Verisure plc VSURE €10.26 €12.40 +21%
Allegion plc ALLE $137.24 $127.80 -7%
Securitas AB SECUB kr 162.10 kr 186.34 +15%
Zhejiang Dahua Technology Co 002236 ¥16.57 ¥23.58 +42%
MSA Safety Incorporated MSA $169.00 $118.51 -30%
ADT Inc ADT $7.06 $17.10 +142%
The Brink's Company BCO $104.24 $101.84 -2%
Brady Corporation BRC $90.16 $73.43 -19%
The GEO Group GEO $29.46 $32.36 +10%

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Frequently asked questions

Is GeoVision Inc (3356) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 37.15 TWD versus a price of 57.60 TWD, about −36% (overvalued).
What is the fair value of 3356?
Our model-based fair value for GeoVision Inc is 37.15 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 57.60 TWD.
What is the quality score of 3356?
GeoVision Inc has a Quality Score of 64/100. 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 GeoVision Inc (3356)?
GeoVision Inc reported trailing-twelve-month revenue of about 1.0B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 3356?
The net profit margin of GeoVision Inc is about 78.0%, meaning it keeps roughly 78.0% of revenue as net income. Based on the latest reported figures.
Does GeoVision Inc pay a dividend?
GeoVision Inc currently shows a dividend yield of about 7.29% 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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