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Sunder Biomedical Tech. Co., Ltd. (4115) Fair Value & Analysis

Healthcare · TW · Market cap 475M TWD

SB Sunder Biomedical Tech. Co., Ltd. 4115 · TWO
Price7.76 TWD
Fair Value11.46 TWD
Upside+47.7%
Quality46/100
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Strengths

Trades 48% below our fair value of 11.46 TWD

Risks

!Weak Growth
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
!Trails peers (2/9)
Weak Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (2/9)
Narrow moat 34/100
Evidence: Low Range 7.41 TWD – 15.51 TWD Share as image

Fair value as of: Aug 20, 2026

From 4 valuation models · updated 3 days ago

Share price −4.7% over the past month.

Below-average quality, screening 48% undervalued on our models.

What runs behind every stock

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

What matters now

  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (7.41 TWD to 15.51 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (9 months)

11.15 TWD 6.75 TWD Fair Value 11.46 TWD Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 20, 2026.

How to read this chart

9‑month range 6.75 TWD – 11.15 TWD · fair‑value band 7.41 TWD – 15.51 TWD · the 7.76 TWD price screens below the 11.46 TWD fair value. As of Aug 20, 2026.

Full chart & analysis →

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Analysis

Sunder Biomedical Tech. Co., Ltd. (4115) currently trades at 7.76 TWD, while our model-based Fair Value estimate is 11.46 TWD, implying the stock looks roughly 47.7% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Healthcare 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: low), always confirm before acting.

Net debt stands at 284M TWD. Fundamentals as of Aug 20, 2026

Our scenario range runs from 7.41 TWD (bear case) to 15.51 TWD (bull case); at 7.76 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 36% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -46% fair-value upside, at 48%, 4115 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 2.33 TWD 3.47 TWD 4.56 TWD 70
DDM Multi-Stage 2.33 TWD 3.21 TWD 4.07 TWD 61
EV/EBITDA 11.60 TWD 15.64 TWD 19.69 TWD 54
All 4 models by family
Dividend Discount
Gordon GGM 2.33 TWD 3.47 TWD 4.56 TWD 70
DDM Multi-Stage 2.33 TWD 3.21 TWD 4.07 TWD 61
Multiples
EV/EBITDA 11.60 TWD 15.64 TWD 19.69 TWD 54
Asset-Based
NCAV (Graham) 6.32 TWD 8.46 TWD 12.63 TWD 50

Widest divergence: Multiples (15.64 TWD) versus Dividend Discount (3.21 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Free cash flow −7.9M TWD FY2025
EPS (TTM) -0.2700 TWD
Net debt 284M TWD FY2025

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 43 · Market factors (momentum, volatility) 22

Profitability 16
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 82
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

Sunder Biomedical Tech. Co., Ltd. engages in the manufacture and sale of medical devices. It offers endoscopy vision set, suction irrigation set, smoke filter, endo bag, blood line set for hemodialysis, A.V. fistula needle, I.V. administration, volume control I.V. administration, extension tube.

Full company description

Sunder Biomedical Tech. Co., Ltd. engages in the manufacture and sale of medical devices. It offers endoscopy vision set, suction irrigation set, smoke filter, endo bag, blood line set for hemodialysis, A.V. fistula needle, I.V. administration, volume control I.V. administration, extension tube. surgical tubing set, PVC compounds for medical application, transducer protector, melt blown nonwoven fabric and mask, and protective goggles, as well as components comprising caps for dialyzer adaptor and for female luer lock. The company was founded in 1998 and is headquartered in Yúnlín, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sunder Biomedical Tech. Co., Ltd. reported revenue of 753M TWD in FY2025 versus 1.1B TWD in FY2021, a compound −9.8%/yr. Reported net income was −16.3M TWD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
753M TWD
Latest YoY
−1.7%
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.
−10.6%
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.
−3.7%
Avg. growth/yr (24Y) 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.
+7.4%
Revenue −9.8%/yr
FY21 1.1B TWD
FY22 1.1B TWD
FY23 770M TWD
FY24 767M TWD
FY25 753M TWD
Net income
FY21 71.1M TWD
FY22 13.3M TWD
FY23 −33.2M TWD
FY24 29.1M TWD
FY25 −16.3M TWD

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Cite: Fair Value Calculator (2026). "Sunder Biomedical Tech. Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/4115

Peer Group

Medical Instruments & Supplies · 205 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 46 · Below median
Fair Value upside +48% · Top 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 3.9% · Top 25%
Debt / equity 0.17× · Higher 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
VALUE97 · sector 0
FUTURE0 · sector 23
PAST0 · sector 25
HEALTH91 · sector 96
DIVIDEND77 · sector 32

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

Similar stocks

10 more Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $378.81 $150.04 -60%
EssilorLuxottica Société anonyme 1EL €164.40 €68.55 -58%
Medline Inc MDLN $35.50 $30.15 -15%
Becton, Dickinson and Company BDX $182.09 $100.46 -45%
Alcon Inc ALC $73.58 $39.78 -46%
ResMed Inc RMD $231.52 $187.89 -19%
West Pharmaceutical Services, Inc WST $352.29 $141.58 -60%
Sartorius Stedim Biotech S.A DIM €180.30 €48.88 -73%
Coloplast A/S COLOB kr 435.80 kr 382.22 -12%
Gan & Lee Pharmaceuticals., a biopharmaceutical company, 603087 ¥77.48 ¥27.22 -65%

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Frequently asked questions

Is Sunder Biomedical Tech. Co., Ltd. (4115) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 11.46 TWD versus a price of 7.76 TWD, about +48% (undervalued).
What is the fair value of 4115?
Our model-based fair value for Sunder Biomedical Tech. Co., Ltd. is 11.46 TWD (as of Aug 20, 2026), built from audited fundamentals. The current price: 7.76 TWD.
What is the quality score of 4115?
Sunder Biomedical Tech. Co., Ltd. has a Quality Score of 46/100. 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 net profit margin of 4115?
The net profit margin of Sunder Biomedical Tech. Co., Ltd. is about 0.0%, meaning it keeps roughly 0.0% 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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