Golden Win International CORP (4950) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Golden Win International CORP TWD 38.44, price TWD 15.75, upside +144.1%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 0.0004 TWD – 29.60 TWD · fair‑value band 22.11 TWD – 46.39 TWD · the 15.75 TWD price screens below the 38.44 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Golden Win International CORP, together with its subsidiaries, manufactures and sells stainless steel products in Taiwan. The company also offers touch display panels and high alloy steel, as well as the related accessories and components.
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Golden Win International CORP, together with its subsidiaries, manufactures and sells stainless steel products in Taiwan. The company also offers touch display panels and high alloy steel, as well as the related accessories and components. The company was formerly known as Mutto Optronics Corporation and changed its name to Golden Win International CORP in February 2025. Golden Win International CORP was founded in 1997 and is based in Tainan City, Taiwan.
Stock analysis
Golden Win International CORP (4950) currently trades at 15.75 TWD, while our model-based Fair Value estimate is 38.44 TWD, implying the stock looks roughly 59.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 37.26 TWD per share, and 8 of the 13 models we run sit above the 15.75 TWD price.
Bear case: the Asset-Based group reads lowest at 6.03 TWD, and 5 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 22.11 TWD (bear) to 46.39 TWD (bull), the price of 15.75 TWD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Golden Win International CORP reported revenue of 1.0B TWD in FY2025 versus 445M TWD in FY2021, a compound +23.0%/yr. Reported net income was −20.6M TWD in FY2025.
Key figures
Market cap 909M TWD (≈ $28.6M) · P/E ratio 20.2 · P/S ratio 0.82 · EPS (TTM) 0.7800 TWD · Net margin −2.0% · Return on equity 9.6% · Return on assets (EBIT) −20.8% · Operating margin 11.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 40% below its 52-week high and 59% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 144%, 4950 screens cheaper than that median.
Fair Value models
Bear 22.11 TWDFair Value 38.44 TWDBull 46.39 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.5727 TWD per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+191.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+111.6%
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
3.1% (2021) → 4.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−6.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −8.3% a year for the price.
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Peer Groupⓘ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.Furnishings, Fixtures & Appliances · 316 stocks
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Cite: Fair Value Calculator (2026). "Golden Win International CORP Fair Value". https://www.fairvalue-calculator.com/stock/4950
Frequently asked questions
Is Golden Win International CORP (4950) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 38.44 TWD versus a price of 15.75 TWD, about +144% upside (undervalued).
What is the fair value of 4950?
Our model-based fair value for Golden Win International CORP is 38.44 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 15.75 TWD.
What is the quality score of 4950?
Golden Win International CORP has a Quality Score of 56/100. 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 Golden Win International CORP (4950)?
Our model-based price target is the fair value of 38.44 TWD (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 22.11 TWD, optimistic scenario 46.39 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Golden Win International CORP stock forecast for 2026?
Our models put fair value at 38.44 TWD, about +144% upside versus a price of 15.75 TWD (undervalued). Cautious scenario 22.11 TWD, optimistic scenario 46.39 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Golden Win International CORP (4950)?
Golden Win International CORP reported trailing-twelve-month revenue of about 1.1B TWD (latest available figure, as of Sep 24, 2026).
What growth is priced into Golden Win International CORP (4950)?
For today's price to be fair in a discounted-cash-flow model, Golden Win International CORP would have to grow free cash flow by -6.8 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +23.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 4950 use?
Our models discount Golden Win International CORP at 9.0 %: a base by market capitalisation (nano), damped by beta 0.18, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Golden Win International CORP that is -6.8 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Golden Win International CORP (4950) delivered so far?
Over the past 4 years revenue at Golden Win International CORP grew +23.0 % a year. The price currently implies -6.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Golden Win International CORP (4950) growing?
The median revenue growth in the sector is +5.9 % a year. That is the yardstick for the growth priced into Golden Win International CORP (-6.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Golden Win International CORP (4950)?
The free-cash-flow yield on the price is 12.12 %: that much free cash flow Golden Win International CORP produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Golden Win International CORP (4950)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Golden Win International CORP it is 38.44 TWD per share (as of Sep 24, 2026), against a price of 15.75 TWD. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Golden Win International CORP stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 4950 trades below its calculated fair value: price 15.75 TWD, fair value 38.44 TWD, a gap of about +144% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 4950?
No. The price is what the market pays today (15.75 TWD); the fair value is what the company's own numbers justify (38.44 TWD). For Golden Win International CORP the two are 22.69 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Golden Win International CORP worth?
The market values Golden Win International CORP at about 909M TWD (market capitalisation, as of Sep 24, 2026). Per share that is 15.75 TWD; our models calculate a fair value of 38.44 TWD per share.
What do the bullish and bearish scenarios say about 4950?
Our models span a range for Golden Win International CORP: cautious scenario 22.11 TWD, base 38.44 TWD, optimistic 46.39 TWD per share (as of Sep 24, 2026, price 15.75 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4950?
Golden Win International CORP trades at a price-to-earnings ratio of 20.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 38.44 TWD is built from several models across several years. Other multiples: P/B 1.8, P/S 0.8, EV/EBITDA 8.4.
How solid is the balance sheet of Golden Win International CORP (4950)?
Balance-sheet figures for Golden Win International CORP (as of Sep 24, 2026): return on equity 9.6%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 4950 from its 52-week high?
Golden Win International CORP trades at 15.75 TWD, about 40% below its 52-week high of 26.30 TWD and 59% above the low of 9.88 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 38.44 TWD is for.
Which stocks are comparable to Golden Win International CORP?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, Haier Smart Home Co, King Slide Works Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Golden Win International CORP stock attractive at the current price?
The data as of Sep 24, 2026: price 15.75 TWD, calculated fair value 38.44 TWD (+144%), Quality Score 56/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 4950 calculated?
We run Golden Win International CORP through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 38.44 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Golden Win International CORP currently trades 144 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Golden Win International CORP (4950)?
The closing price on Sep 24, 2026 was 15.75 TWD. Our model-based fair value is 38.44 TWD, about +144% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Golden Win International CORP right now?
The price is below even our cautious bear case (22.11 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 (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (22.11 TWD to 46.39 TWD) leaves room in how you read the outcome.
Key figures of Golden Win International CORP
How large is the market capitalisation of Golden Win International CORP (4950)?
The market capitalisation of Golden Win International CORP is 909M TWD (≈ $28.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Golden Win International CORP (4950)?
The price-to-sales ratio of Golden Win International CORP is 0.82 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Golden Win International CORP (4950)?
Earnings per share at Golden Win International CORP are 0.7800 TWD (price ÷ EPS = P/E 20.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Golden Win International CORP (4950)?
The net margin of Golden Win International CORP is −2.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Golden Win International CORP (4950)?
The return on equity (ROE) of Golden Win International CORP is 9.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Golden Win International CORP (4950)?
On an EBIT basis the return on assets of Golden Win International CORP is −20.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Golden Win International CORP (4950)?
The operating margin of Golden Win International CORP is 11.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Golden Win International CORP (4950)?
Revenue at Golden Win International CORP is growing +30.2% versus a year earlier (3y avg +112%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Golden Win International CORP (4950)?
Earnings per share at Golden Win International CORP are growing +450% versus a year earlier. How much earnings per share grew versus a year earlier.
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