Far EasTone Telecommunications Co (4904) Fair Value & Analysis
Communication Services · TW · Market cap 364B TWD
Fair value as of: Jul 16, 2026
From 25 valuation models · updated 22 days ago
Share price +10.5% over the past month.
A solid business, but screening 37% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (80.88 TWD). The favourable scenario is already priced in.
- Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range 56.39 TWD – 112.50 TWD · fair‑value band 48.53 TWD – 80.88 TWD · the 103.00 TWD price screens above the 64.71 TWD fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Far EasTone Telecommunications Co (4904) currently trades at 103.00 TWD, while our model-based Fair Value estimate is 64.71 TWD, implying the stock looks roughly 37.2% overvalued today. We read business quality at 67/100 (solid quality), in the Communication Services 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, Far EasTone Telecommunications Co generated revenue of 111B TWD at a net margin of 12.7%. Revenue grew 4.0% year over year. It earns a return on equity of 14.6%. Net debt stands at 47.9B TWD. Fundamentals as of Jul 16, 2026
Our scenario range runs from 48.53 TWD (bear case) to 80.88 TWD (bull case); at 103.00 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 near its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at -37%, 4904 screens richer 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.
All 25 models by family
Widest divergence: DCF Models (83.43 TWD) versus Asset-Based (17.11 TWD). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 70
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
Far EasTone Telecommunications Co., Ltd. provides mobile telecommunications services in Taiwan and internationally. The company offers postpaid products, such as wireless postpaid and broadband, and data booster; prepaid products; and SMS and eSIM products.
Full company description
Far EasTone Telecommunications Co., Ltd. provides mobile telecommunications services in Taiwan and internationally. The company offers postpaid products, such as wireless postpaid and broadband, and data booster; prepaid products; and SMS and eSIM products. It also provides mobile communication and lifestyle services, including mobile communication voice, internet access, and related services, as well as mobile phones and accessories; and cable network, enterprise customer services, communications integration services, and related services. The company was incorporated in 1997 and is based in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Far EasTone Telecommunications Co reported revenue of 110B TWD in FY2025 versus 85.3B TWD in FY2021, a compound +6.6%/yr. Reported net income was 13.7B TWD in FY2025, compounding +10.8%/yr from FY2021.
4904 screens 37% overvalued. Compare with China Mobile Limited →
Peer Group
Telecom Services · 252 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.
Valuation Multiples vs Telecom Services median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Mobile Limited 600941 | ¥89.98 | ¥109.88 | +22% |
| T-Mobile US, Inc TMUS | $187.61 | $172.67 | -8% |
| Bharti Airtel Limited BHARTIARTL | ₹1,922 | ₹941.55 | -51% |
| China Telecom Corporation 601728 | ¥6.01 | ¥8.36 | +39% |
| América Móvil, S.A. AMXB | 23.07 MXN | 30.35 MXN | +32% |
| Vodafone Group VODN | 259.50 MXN | 507.27 MXN | +95% |
| Advanced Info Service Public Company ADVANC | 379.00 THB | 286.77 THB | -24% |
| Chunghwa Telecom Co 2412 | 133.50 TWD | 100.00 TWD | -25% |
| China Unicom (Hong Kong) Limited 0762 | HK$6.50 | HK$13.03 | +100% |
| Telefónica, S.A TEFN | 75.67 MXN | 111.01 MXN | +47% |
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Frequently asked questions
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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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