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Vectorite Biomedical Inc (4170) Fair Value & Analysis

Healthcare · TW · Market cap 571M TWD (≈ $18.1M) · ISIN TW0004170006

What is Vectorite Biomedical Inc really worth?

VB Vectorite Biomedical Inc 4170 · TWO
Price12.30 TWD
Fair Value36.78 TWD
Upside+199.0%
Quality60/100

A solid business, trading 67% below our fair value of 36.78 TWD.

As of Sep 6, 2026, the fair value of Vectorite Biomedical Inc is 36.78 TWD per share against a price of 12.30 TWD, so the fair value sits 199% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Highly profitable · 156.6% net margin
Ranks above peers (7/10)

Risks

!Expensive Growth (revenue 5y +20.1 %/yr)
!negative free cash flow
!Moderate moat 60/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 27.58 TWD – 57.95 TWD

Fair value as of: Sep 6, 2026

From 10 valuation models · updated today

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case (27.58 TWD). The market is more pessimistic than our downside scenario.
  • 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 (60/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (27.58 TWD to 57.95 TWD) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

23.80 TWD 11.30 TWD Fair Value 36.78 TWD Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 6, 2026.

How to read this chart

60‑month range 11.30 TWD – 23.80 TWD · fair‑value band 27.58 TWD – 57.95 TWD · the 12.30 TWD price screens below the 36.78 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 6, 2026.

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Analysis

Vectorite Biomedical Inc (4170) currently trades at 12.30 TWD, while our model-based Fair Value estimate is 36.78 TWD, implying the stock looks roughly 66.6% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Healthcare sector. Bull case: the Growth Earnings group reads highest at a median of 44.57 TWD per share, and 8 of the 10 models we run sit above the 12.30 TWD price. Bear case: the Asset-Based group reads lowest at 7.42 TWD, and 2 of the 10 models stay below the price. Evidence for this calculation is low.

Trailing-twelve-month revenue stands at 61.4M TWD. Revenue declined 19.0% year over year. It earns a return on equity of 22.0%. The balance sheet holds a net cash position of 30.6M TWD. Fundamentals as of Sep 6, 2026

Our scenario range runs from 27.58 TWD (bear case) to 57.95 TWD (bull case); at 12.30 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 32% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −56% fair-value upside, at 199%, 4170 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 1.49 TWD per share, which is 4.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Owner Earnings best evidence 25.37 TWD 42.93 TWD 70.44 TWD 72
Growth-Adj P/E 31.20 TWD 44.57 TWD 57.95 TWD 67
Graham-Dodd 14.94 TWD 73.35 TWD 101.10 TWD 64
All 10 models by family
DCF Models
Owner Earnings best evidence 25.37 TWD 42.93 TWD 70.44 TWD 72
Earnings-Based
Graham-Dodd 14.94 TWD 73.35 TWD 101.10 TWD 64
Lynch FV 19.72 TWD 28.17 TWD 36.62 TWD 61
PEG = 1.0 19.72 TWD 28.17 TWD 36.62 TWD 57
Multiples
P/E Multiple 36.25 TWD 48.34 TWD 60.42 TWD 63
P/S Multiple 1.26 TWD 1.68 TWD 2.10 TWD 58
P/B Multiple 28.01 TWD 37.35 TWD 46.69 TWD 55
Asset-Based
NCAV (Graham) 5.54 TWD 7.42 TWD 11.07 TWD 51
Economic Profit
Residual Income 12.44 TWD 16.48 TWD 51.42 TWD 59
Growth Earnings
Growth-Adj P/E 31.20 TWD 44.57 TWD 57.95 TWD 67

Widest divergence: Growth Earnings (44.57 TWD) versus Asset-Based (7.42 TWD). Highest evidence: Owner Earnings (72).

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Key figures & financial health

P/E ratio 5.6
P/S ratio 8.80 P/E × margin
EPS (TTM) 2.19 TWD price ÷ EPS = P/E 5.6
Net margin 157% TTM
Return on equity 22.0% TTM
Return on assets (EBIT) −3.2% avg 5y
More key figures
Profitability
Operating margin −52.6% TTM
Growth
Revenue (TTM) 61.4M TWD TTM
Revenue growth (YoY) −19.0% 3y avg +12.7%
Balance sheet & cash flow
Free cash flow −9.8M TWD FY2025
Net cash 30.6M TWD FY2024

Figures from reported company fundamentals · as of Sep 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 55 · Market factors (momentum, volatility) 35

Profitability 56
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 24
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.

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

Vectorite Biomedical Inc. engages in the research and development of biotechnology in Taiwan and internationally. It is involved in cell preparation product manufacturing; and collection and storage of immune cells. The company's products are used in the field of infectious diseases and inflammation, cancer, oncology. Vectorite Biomedical Inc.

Full company description

Vectorite Biomedical Inc. engages in the research and development of biotechnology in Taiwan and internationally. It is involved in cell preparation product manufacturing; and collection and storage of immune cells. The company's products are used in the field of infectious diseases and inflammation, cancer, oncology. Vectorite Biomedical Inc. was incorporated in 2004 and is based in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vectorite Biomedical Inc reported revenue of 61.4M TWD in FY2025 versus 28.8M TWD in FY2021, a compound +20.9%/yr. Reported net income was 96.2M TWD in FY2025, compounding +84.2%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
61.4M TWD
Latest YoY
+6.3%
Avg. revenue 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.
+12.7%
Avg. revenue 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.
+20.1%
Avg. revenue growth/yr (6Y) 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.
+15.0%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+57.2% · in TWD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+57.2%
Dividend yield0.0%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−248.2% (2020) → −35.7% (2025) · rising
Worst earnings drop364% (2022) (loss year, drop beyond 100%) · in TWD
Revenue +20.9%/yr
FY21 28.8M TWD
FY22 42.9M TWD
FY23 55.9M TWD
FY24 57.8M TWD
FY25 61.4M TWD
Net income +84.2%/yr
FY21 8.4M TWD
FY22 −26.4M TWD
FY23 −6.6M TWD
FY24 −40.1M TWD
FY25 96.2M TWD

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Cite: Fair Value Calculator (2026). "Vectorite Biomedical Inc Fair Value". https://www.fairvalue-calculator.com/stock/4170.TWO

Peer Group

Biotechnology · 627 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 60 · Top 25%
Fair Value upside +199% · Top 25%
Return on equity (TTM) 22% · Top 25%
Return on assets −3% · Above median
Net margin (TTM) 157% · Top 25%
Operating margin (TTM) −53% · Bottom 25%
Revenue growth −19% · Bottom 25%

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 5.6× · Cheaper than 75% of peers
P/B 1.18× · Cheaper than median
P/S (TTM) 9.30× · Pricier than median

Strength profile in five axes (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
VALUE100 · sector 0
FUTURE0 · sector 0
PAST88 · sector 0
HEALTH0 · sector 98
DIVIDEND0 · sector 26

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Sep 6, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $547.55 $278.78 −49%
Regeneron Pharmaceuticals, Inc REGN $807.71 $594.40 −26%
argenx SE ARGX €877.60 €292.84 −67%
BeOne Medicines AG 688235 ¥271.00 ¥47.36 −83%
Samsung Biologics Co 207940 1,518,000 KRW 1,055,793 KRW −30%
Alnylam Pharmaceuticals, Inc ALNY $228.61 $51.70 −77%
Royalty Pharma plc RPRX $60.58 $24.22 −60%
Celltrion, Inc 068270 190,700 KRW 74,519 KRW −61%
BioNTech SE BNTX $103.76 $45.70 −56%
Incyte Corporation INCY $123.22 $115.79 −6%

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Frequently asked questions

Is Vectorite Biomedical Inc (4170) overvalued or undervalued?
As of Sep 6, 2026, our model estimates a fair value of 36.78 TWD versus a price of 12.30 TWD, about +199% upside (undervalued).
What is the fair value of 4170?
Our model-based fair value for Vectorite Biomedical Inc is 36.78 TWD (as of Sep 6, 2026), built from audited fundamentals. The current price: 12.30 TWD.
What is the quality score of 4170?
Vectorite Biomedical Inc has a Quality Score of 60/100. 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 price target for Vectorite Biomedical Inc (4170)?
Our model-based price target is the fair value of 36.78 TWD (as of Sep 6, 2026) from 10 valuation models. Cautious scenario 27.58 TWD, optimistic scenario 57.95 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Vectorite Biomedical Inc stock forecast for 2026?
Our models put fair value at 36.78 TWD, about +199% upside versus a price of 12.30 TWD (undervalued). Cautious scenario 27.58 TWD, optimistic scenario 57.95 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Vectorite Biomedical Inc (4170)?
Vectorite Biomedical Inc reported trailing-twelve-month revenue of about 61.4M TWD (latest available figure, as of Sep 6, 2026).
What is the net profit margin of 4170?
The net profit margin of Vectorite Biomedical Inc is about 156.6%, meaning it keeps roughly 156.6% of revenue as net income. Based on the latest reported figures.
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