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We&Win Diversification Co Ltd (4113) Fair Value & Analysis

Industrials · TW · Market cap 3.4B TWD

WW We&Win Diversification Co Ltd 4113 · TWO
Price14.85 TWD
Fair Value13.16 TWD
Upside-11.4%
Quality28/100
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Risks

!Trades 13% ABOVE our fair value of 13.16 TWD
!Weak Growth (revenue YoY −89.3 %/yr)
!Loss-making · -103.8% net margin
!Low debt · negative free cash flow
Weak Growth (revenue YoY −89.3 %/yr)
Loss-making · -103.8% net margin
Low debt · negative free cash flow
Trails peers (2/10)
Narrow moat 14/100
Evidence: Low Range 6.99 TWD – 18.85 TWD Share as image

Fair value as of: Aug 19, 2026

From 3 valuation models · updated 5 days ago

Share price +0.7% over the past month.

Below-average quality, and trading another 13% above our fair value.

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69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The model range is unusually wide (6.99 TWD to 18.85 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

64.90 TWD 10.50 TWD Fair Value 13.16 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 10.50 TWD – 64.90 TWD · fair‑value band 6.99 TWD – 18.85 TWD · the 14.85 TWD price screens above the 13.16 TWD fair value. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

We&Win Diversification Co Ltd (4113) currently trades at 14.85 TWD, while our model-based Fair Value estimate is 13.16 TWD, implying the stock looks roughly 11.4% overvalued today. The Quality Score stands at 28/100 (below-average 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: low).

Trailing-twelve-month revenue stands at 159M TWD. It earns a return on equity of -3.8%. Net debt stands at 9.7B TWD. Fundamentals as of Aug 19, 2026

Our scenario range runs from 6.99 TWD (bear case) to 18.85 TWD (bull case); at 14.85 TWD, the current price sits within 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 44% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -11%, 4113 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
Gordon GGM 7.47 TWD 14.87 TWD 22.52 TWD 70
DDM Multi-Stage 7.47 TWD 12.86 TWD 15.70 TWD 61
NCAV (Graham) 9.23 TWD 12.37 TWD 18.46 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 7.47 TWD 14.87 TWD 22.52 TWD 70
DDM Multi-Stage 7.47 TWD 12.86 TWD 15.70 TWD 61
Asset-Based
NCAV (Graham) 9.23 TWD 12.37 TWD 18.46 TWD 50

Widest divergence: Dividend Discount (12.86 TWD) versus Asset-Based (12.37 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

P/S ratio 24.3 TTM
Net margin -104% TTM
Return on equity -3.8% TTM
Return on assets -0.2% TTM
Operating margin -69.1% TTM
EPS (TTM) -0.4300 TWD
More key figures
Growth
Revenue (TTM) 159M TWD TTM
Revenue growth (YoY) -95.4% 3y avg +91.8%
EPS growth (YoY) -88.2%
Balance sheet & cash flow
Free cash flow −2.9B TWD FY2025
Net debt 9.7B TWD FY2025

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 27 · Market factors (momentum, volatility) 34

Profitability 6
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 66
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

We & Win Diversification Co., Ltd. engages in the rental and sale of real estate properties in Taiwan. It is also involved in the public facilities construction investment; new towns and community development; wholesale of medical equipment; and international trade businesses. The company was formerly known as Oncoprobe Biotech Inc.

Full company description

We & Win Diversification Co., Ltd. engages in the rental and sale of real estate properties in Taiwan. It is also involved in the public facilities construction investment; new towns and community development; wholesale of medical equipment; and international trade businesses. The company was formerly known as Oncoprobe Biotech Inc. and changed its name to We & Win Diversification Co., Ltd. in 2009. We & Win Diversification Co., Ltd. was founded in 1987 and is based in Kaohsiung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

We&Win Diversification Co Ltd reported revenue of 610M TWD in FY2025 versus 1.4B TWD in FY2021, a compound −19.3%/yr. Reported net income was −100M TWD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
610M TWD
Latest YoY
−89.3%
Avg. revenue growth/yr (8Y) 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.
−4.5%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −19.3%/yr
FY21 1.4B TWD
FY22 86.5M TWD
FY23 518M TWD
FY24 5.7B TWD
FY25 610M TWD
Net income
FY21 134M TWD
FY22 −144M TWD
FY23 −146M TWD
FY24 771M TWD
FY25 −100M TWD

4113 screens 11% overvalued. Compare with Quanta Services, Inc →

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Cite: Fair Value Calculator (2026). "We&Win Diversification Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4113

Peer Group

Engineering & Construction · 841 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 28 · Bottom 25%
Fair Value upside −11% · Above median
Return on assets -0% · Bottom 25%
Net margin (TTM) -104% · Bottom 25%
Operating margin (TTM) -69% · Bottom 25%
Revenue growth -95% · Bottom 25%
Dividend yield (TTM) 5.1% · Top 25%
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/S (TTM) 0.67× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE18 · sector 16
FUTURE0 · sector 14
PAST0 · sector 26
HEALTH93 · sector 94
DIVIDEND100 · sector 38

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

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Frequently asked questions

Is We&Win Diversification Co Ltd (4113) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 13.16 TWD versus a price of 14.85 TWD, about −11% (overvalued).
What is the fair value of 4113?
Our model-based fair value for We&Win Diversification Co Ltd is 13.16 TWD (as of Aug 19, 2026), built from audited fundamentals. The current price: 14.85 TWD.
What is the quality score of 4113?
We&Win Diversification Co Ltd has a Quality Score of 28/100. 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 We&Win Diversification Co Ltd (4113)?
We&Win Diversification Co Ltd reported trailing-twelve-month revenue of about 159M TWD (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 4113?
The net profit margin of We&Win Diversification Co Ltd is about -103.8%, meaning it is currently running at a net loss. 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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