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United Fiber Optic Communication Inc (4903) Fair Value & Analysis

Technology · TW · Market cap 3.6B TWD

UF United Fiber Optic Communication Inc 4903 · TWO
Price41.80 TWD
Fair Value17.39 TWD
Upside-58.4%
Quality59/100
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Healthy Growth
Solidly profitable · 11.0% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Narrow moat 44/100
Evidence: High Range 13.04 TWD – 21.73 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Share price +5.8% over the past month.

A solid business, but screening 58% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (21.73 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

54.40 TWD 10.21 TWD Fair Value 17.39 TWD Feb 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

60‑month range 10.21 TWD – 54.40 TWD · fair‑value band 13.04 TWD – 21.73 TWD · the 41.80 TWD price screens above the 17.39 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

United Fiber Optic Communication Inc (4903) currently trades at 41.80 TWD, while our model-based Fair Value estimate is 17.39 TWD, implying the stock looks roughly 58.4% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Technology 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, United Fiber Optic Communication Inc generated revenue of 1.5B TWD at a net margin of 11.0%. Revenue grew 80.2% year over year. It earns a return on equity of 14.7%. The stock trades on a trailing P/E of 38.0. Fundamentals as of Jul 21, 2026

Our scenario range runs from 13.04 TWD (bear case) to 21.73 TWD (bull case); at 41.80 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 25% below its 52-week high and 90% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -58%, 4903 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
Growth DCF 16.02 TWD 26.79 TWD 47.89 TWD 80
Rev-Margin DCF 11.16 TWD 17.64 TWD 30.46 TWD 74
ROIC Compounder 6.64 TWD 7.29 TWD 7.85 TWD 72
All 24 models by family
DCF Models
FCF DCF 16.89 TWD 24.66 TWD 48.86 TWD 38
Owner Earnings 21.16 TWD 43.85 TWD 89.74 TWD 31
5Y Revenue Exit 10.76 TWD 15.72 TWD 26.02 TWD 39
5Y EBITDA Exit 14.89 TWD 24.07 TWD 42.05 TWD 41
5Y P/E Exit 22.48 TWD 48.86 TWD 85.11 TWD 38
10Y Revenue Exit 12.51 TWD 21.94 TWD 27.17 TWD 36
10Y EBITDA Exit 15.68 TWD 30.63 TWD 56.31 TWD 37
10Y P/E Exit 21.09 TWD 46.59 TWD 89.16 TWD 35
Earnings-Based
Graham-Dodd 6.95 TWD 48.50 TWD 68.06 TWD 54
Lynch FV 20.92 TWD 29.88 TWD 38.85 TWD 50
PEG = 1.0 20.92 TWD 29.88 TWD 38.85 TWD 46
EPV 6.64 TWD 7.29 TWD 7.85 TWD 59
Multiples
P/E Multiple 21.48 TWD 28.64 TWD 35.79 TWD 63
P/S Multiple 13.04 TWD 17.39 TWD 21.73 TWD 58
P/B Multiple 13.04 TWD 17.39 TWD 21.73 TWD 55
EV/EBIT 12.87 TWD 16.32 TWD 19.77 TWD 53
EV/EBITDA 13.71 TWD 17.44 TWD 21.17 TWD 54
EV/Revenue 7.74 TWD 9.99 TWD 12.23 TWD 43
Asset-Based
NCAV (Graham) 5.51 TWD 7.38 TWD 11.02 TWD 50
Growth DCF
Growth DCF 16.02 TWD 26.79 TWD 47.89 TWD 80
Rev-Margin DCF 11.16 TWD 17.64 TWD 30.46 TWD 74
Economic Profit
Residual Income 9.35 TWD 10.21 TWD 13.64 TWD 61
ROIC Compounder 6.64 TWD 7.29 TWD 7.85 TWD 72
Growth Earnings
Growth-Adj P/E 29.02 TWD 41.46 TWD 53.89 TWD 68

Widest divergence: Growth Earnings (41.46 TWD) versus Economic Profit (7.29 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.5B TWD
Revenue growth (YoY) +80.2%
Net margin 11.0%
Return on equity 14.7%
Free cash flow 95.3M TWD FY2025
P/E ratio 33.9
More key figures
Operating margin 1.4%
EPS (TTM) 1.02 TWD

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 60 · Market factors (momentum, volatility) 59

Profitability 40
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 40
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

United Fiber Optic Communication Inc., together with its subsidiaries, engages in the manufacture and sale of fiber and optic cables and transmission equipment in Taiwan and internationally.

Full company description

United Fiber Optic Communication Inc., together with its subsidiaries, engages in the manufacture and sale of fiber and optic cables and transmission equipment in Taiwan and internationally. The company provides indoor and outdoor optical fiber cables; rail vehicle onboard systems, including automatic passageway and electric end doors, multi-functional integrated platform, network multi-media message service, digital broadcasting and displays, and other services; and wireless sensing device comprising passive electronic seals and fiber radio models. It also offers agent products, such as tube isolation zone under MaxCell brand name, fiber optic cable longitudinal slicing knife, and embedded micropipe line construction. In addition, the company provides various solutions, which includes smart transportation, building, logistics, and cloud sensing; and cloud storage systems for enterprises. It serves customers in the telecom operator, MRT, and highway and subway fields. The company was incorporated in 1984 and is based in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

United Fiber Optic Communication Inc reported revenue of 1.4B TWD in FY2025 versus 819M TWD in FY2022, a compound +18.2%/yr. Reported net income was 108M TWD in FY2025.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.4B TWD
Latest YoY
+64.5%
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.
+18.2%
Revenue +18.2%/yr
FY22 819M TWD
FY23 688M TWD
FY24 822M TWD
FY25 1.4B TWD
Net income
FY22 −72.5M TWD
FY23 27.7M TWD
FY24 7.6M TWD
FY25 108M TWD

4903 screens 58% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "United Fiber Optic Communication Inc Fair Value". https://www.fairvalue-calculator.com/stock/4903

Peer Group

Communication Equipment · 286 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 59 · Above median
Fair Value upside −58% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 1% · Below median
Revenue growth 80% · Top 25%

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 33.9× · Cheaper than median
P/B 3.14× · Pricier than median
P/S (TTM) 2.41× · Pricier than median
P/FCF 1.2× · Cheaper than median
EV/EBITDA 32.6× · 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.

VALUE 0 · sector 0
FUTURE 100 · sector 30
PAST 59 · sector 15
HEALTH 100 · sector 98
DIVIDEND 0 · sector 25

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is United Fiber Optic Communication Inc (4903) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 17.39 TWD versus a price of 41.80 TWD, about −58% (overvalued).
What is the fair value of 4903?
Our model-based fair value for United Fiber Optic Communication Inc is 17.39 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 41.80 TWD.
What is the quality score of 4903?
United Fiber Optic Communication Inc has a Quality Score of 59/100. 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 United Fiber Optic Communication Inc (4903)?
United Fiber Optic Communication Inc reported trailing-twelve-month revenue of about 1.5B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 4903?
The net profit margin of United Fiber Optic Communication Inc is about 11.0%, meaning it keeps roughly 11.0% 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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