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Vizionfocus Inc (4771) Fair Value & Analysis

Healthcare · TW · Market cap 11.6B TWD

VI Vizionfocus Inc 4771 · TW
Price209.00 TWD
Fair Value275.23 TWD
Upside+31.7%
Quality43/100
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Expensive Growth
Highly profitable · 20.6% net margin
Low debt · negative free cash flow
3.72% dividend yield
Ranks above peers (9/13)
Wide moat 77/100
Evidence: Medium Range 206.43 TWD – 439.21 TWD Share as image

Fair value as of: Jul 21, 2026

From 17 valuation models · updated 20 days ago

Share price −1.9% over the past month.

Below-average quality, screening 32% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range (206.43 TWD to 439.21 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

346.66 TWD 80.97 TWD Fair Value 275.23 TWD Nov 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

57‑month range 80.97 TWD – 346.66 TWD · fair‑value band 206.43 TWD – 439.21 TWD · the 209.00 TWD price screens below the 275.23 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Vizionfocus Inc (4771) currently trades at 209.00 TWD, while our model-based Fair Value estimate is 275.23 TWD, implying the stock looks roughly 31.7% undervalued today. The Quality Score stands at 43/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Vizionfocus Inc generated revenue of 3.7B TWD at a net margin of 20.6%. Revenue grew 27.2% year over year. It earns a return on equity of 19.2%. Net debt stands at 597M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 206.43 TWD (bear case) to 439.21 TWD (bull case); at 209.00 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 near its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 32%, 4771 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
Residual Income 90.11 TWD 117.07 TWD 446.61 TWD 76
ROIC Compounder 168.21 TWD 259.85 TWD 331.22 TWD 72
Gordon GGM 50.46 TWD 104.91 TWD 166.44 TWD 70
All 17 models by family
DCF Models
Owner Earnings 15.39 TWD 37.74 TWD 84.66 TWD 31
Earnings-Based
Graham-Dodd 93.58 TWD 652.61 TWD 915.84 TWD 54
Lynch FV 236.50 TWD 337.85 TWD 439.21 TWD 50
PEG = 1.0 236.50 TWD 337.85 TWD 439.21 TWD 46
EPV 128.37 TWD 150.13 TWD 169.16 TWD 59
Dividend Discount
Gordon GGM 50.46 TWD 104.91 TWD 166.44 TWD 70
DDM Multi-Stage 50.46 TWD 88.47 TWD 110.11 TWD 61
Multiples
P/E Multiple 206.43 TWD 275.23 TWD 344.04 TWD 63
P/S Multiple 111.38 TWD 148.51 TWD 185.63 TWD 58
P/B Multiple 152.70 TWD 203.61 TWD 254.51 TWD 55
EV/EBIT 229.18 TWD 306.29 TWD 383.40 TWD 53
EV/EBITDA 232.91 TWD 311.25 TWD 389.60 TWD 54
EV/Revenue 101.82 TWD 146.37 TWD 190.92 TWD 43
Asset-Based
NCAV (Graham) 33.93 TWD 45.47 TWD 67.87 TWD 50
Economic Profit
Residual Income 90.11 TWD 117.07 TWD 446.61 TWD 76
ROIC Compounder 168.21 TWD 259.85 TWD 331.22 TWD 72
Growth Earnings
Growth-Adj P/E 299.37 TWD 427.67 TWD 555.98 TWD 68

Widest divergence: Growth Earnings (427.67 TWD) versus DCF Models (37.74 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 3.7B TWD
Revenue growth (YoY) +27.2%
Net margin 20.6%
Return on equity 19.2%
Free cash flow −78.2M TWD FY2025
P/E ratio 15.7
More key figures
Operating margin 28.9%
EPS (TTM) 12.58 TWD
Dividend yield 3.7%
EPS growth (YoY) +11.0%
Net debt 597M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 46 · Market factors (momentum, volatility) 68

Profitability 61
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 10
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

Vizionfocus Inc. engages in the manufacturing of medical equipment in Japan, China, Southeast Asia and the United States. It also manufactures mechanical equipment, optical instruments, and precision instruments; trades internationally; and provides other consulting services.

Full company description

Vizionfocus Inc. engages in the manufacturing of medical equipment in Japan, China, Southeast Asia and the United States. It also manufactures mechanical equipment, optical instruments, and precision instruments; trades internationally; and provides other consulting services. In addition, the company engages in the research and development, design, OEM, development, and sale of contact lenses, as well as customized services. Vizionfocus Inc. was founded in 2012 and is headquartered in Miaoli, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vizionfocus Inc reported revenue of 3.5B TWD in FY2025 versus 1.4B TWD in FY2021, a compound +25.2%/yr. Reported net income was 808M TWD in FY2025, compounding +36.3%/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)
3.5B TWD
Latest YoY
+16.2%
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.
+23.9%
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.
+32.5%
Avg. 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.
+34.7%
Revenue +25.2%/yr
FY21 1.4B TWD
FY22 1.8B TWD
FY23 2.6B TWD
FY24 3.0B TWD
FY25 3.5B TWD
Net income +36.3%/yr
FY21 234M TWD
FY22 313M TWD
FY23 562M TWD
FY24 670M TWD
FY25 808M TWD

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Cite: Fair Value Calculator (2026). "Vizionfocus Inc Fair Value". https://www.fairvalue-calculator.com/stock/4771

Peer Group

Medical Instruments & Supplies · 203 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 43 · Bottom 25%
Fair Value upside +32% · Top 25%
Return on equity (TTM) 19% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth 27% · Top 25%
Dividend yield (TTM) 3.7% · Top 25%
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 15.7× · Cheaper than median
P/B 2.90× · Pricier than median
P/S (TTM) 3.12× · Pricier than median
EV/EBITDA 8.2× · 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 76 · sector 0
FUTURE 100 · sector 27
PAST 77 · sector 25
HEALTH 86 · sector 96
DIVIDEND 74 · sector 32

Insider activity: 40/100

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is Vizionfocus Inc (4771) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 275.23 TWD versus a price of 209.00 TWD, about +32% (undervalued).
What is the fair value of 4771?
Our model-based fair value for Vizionfocus Inc is 275.23 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 209.00 TWD.
What is the quality score of 4771?
Vizionfocus Inc has a Quality Score of 43/100. 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 Vizionfocus Inc (4771)?
Vizionfocus Inc reported trailing-twelve-month revenue of about 3.7B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 4771?
The net profit margin of Vizionfocus Inc is about 20.6%, meaning it keeps roughly 20.6% of revenue as net income. Based on the latest reported figures.
Does Vizionfocus Inc pay a dividend?
Vizionfocus Inc currently shows a dividend yield of about 3.72% relative to its recent price (as of Jul 21, 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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