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Team Group (4967) Fair Value & Analysis

Technology · TW · Market cap 18.2B TWD

TG Team Group 4967 · TW
Price280.00 TWD
Fair Value164.85 TWD
Upside-41.1%
Quality52/100
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Expensive Growth
Solidly profitable · 13.8% net margin
Low debt · negative free cash flow
4.80% dividend yield
Ranks above peers (10/13)
Wide moat 77/100
Evidence: High Range 115.40 TWD – 277.59 TWD Share as image

Fair value as of: Jul 21, 2026

From 17 valuation models · updated 19 days ago

Share price +20.2% over the past month.

A solid business, but screening 41% overvalued on our models.

What matters now

  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (115.40 TWD to 277.59 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

304.50 TWD 27.17 TWD Fair Value 164.85 TWD Mar 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 27.17 TWD – 304.50 TWD · fair‑value band 115.40 TWD – 277.59 TWD · the 280.00 TWD price screens above the 164.85 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

Team Group (4967) currently trades at 280.00 TWD, while our model-based Fair Value estimate is 164.85 TWD, implying the stock looks roughly 41.1% overvalued today. The Quality Score stands at 52/100 (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, Team Group generated revenue of 24.1B TWD at a net margin of 13.8%. Revenue grew 69.1% year over year. It earns a return on equity of 60.8%. Net debt stands at 2.6B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 115.40 TWD (bear case) to 277.59 TWD (bull case); at 280.00 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 about 13% below its 52-week high and 318% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -41%, 4967 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 BearBaseBull Evidence
Highest evidence
Residual Income 87.70 TWD 119.79 TWD 644.51 TWD 76
ROIC Compounder 148.70 TWD 196.28 TWD 256.68 TWD 72
Gordon GGM 27.55 TWD 57.27 TWD 90.86 TWD 70
All 17 models by family
DCF Models
Owner Earnings 169.84 TWD 307.56 TWD 551.46 TWD 31
Earnings-Based
Graham-Dodd 88.83 TWD 430.95 TWD 593.62 TWD 54
Lynch FV 115.40 TWD 164.85 TWD 214.31 TWD 50
PEG = 1.0 115.40 TWD 164.85 TWD 214.31 TWD 46
EPV 131.22 TWD 151.83 TWD 169.86 TWD 59
Dividend Discount
Gordon GGM 27.55 TWD 57.27 TWD 90.86 TWD 70
DDM Multi-Stage 27.55 TWD 48.29 TWD 60.11 TWD 61
Multiples
P/E Multiple 195.94 TWD 261.26 TWD 326.57 TWD 63
P/S Multiple 166.55 TWD 222.07 TWD 277.59 TWD 58
P/B Multiple 128.46 TWD 171.27 TWD 214.09 TWD 55
EV/EBIT 231.63 TWD 306.31 TWD 381.00 TWD 53
EV/EBITDA 174.58 TWD 230.25 TWD 285.91 TWD 54
EV/Revenue 158.61 TWD 223.34 TWD 288.06 TWD 43
Asset-Based
NCAV (Graham) 28.55 TWD 38.25 TWD 57.09 TWD 50
Economic Profit
Residual Income 87.70 TWD 119.79 TWD 644.51 TWD 76
ROIC Compounder 148.70 TWD 196.28 TWD 256.68 TWD 72
Growth Earnings
Growth-Adj P/E 174.70 TWD 249.58 TWD 324.45 TWD 68

Widest divergence: DCF Models (307.56 TWD) versus Asset-Based (38.25 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 24.1B TWD
Revenue growth (YoY) +69.1%
Net margin 13.8%
Return on equity 60.8%
Free cash flow −3.6B TWD FY2025
P/E ratio 16.5
More key figures
Operating margin 32.1%
EPS (TTM) 12.95 TWD
Dividend yield 4.8%
EPS growth (YoY) +2,257%
Net debt 2.6B TWD FY2025

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 48 · Market factors (momentum, volatility) 67

Profitability 60
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 92
Distance to the 52-week high (market factor)
Net Issuance 83
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

Team Group Inc. manufactures and trades integrated circuit chips, memory, and computer peripheral equipment in Taiwan, Asia, America, Europe, and internationally.

Full company description

Team Group Inc. manufactures and trades integrated circuit chips, memory, and computer peripheral equipment in Taiwan, Asia, America, Europe, and internationally. The company offers desktop, laptop, and workstation memory; 2.5 inches, external/portable, and M.2 SSD cards, as well as enclosure kit; SD, MicroSD, CFexpress memory cards, and memory card readers; USB drives; and peripherals, such as case, fan, CPU cooler, SSD cooler, and accessories. It also sells electronic products and components. Team Group Inc. was founded in 1997 and is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Team Group reported revenue of 20.4B TWD in FY2025 versus 7.7B TWD in FY2021, a compound +27.8%/yr. Reported net income was 1.1B TWD in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
20.4B TWD
Latest YoY
+2.5%
Avg. growth/yr (3Y)
+44.8%
Avg. growth/yr (5Y)
+22.2%
Avg. growth/yr (15Y)
+7.8%
Revenue +27.8%/yr
FY21 7.7B TWD
FY22 6.7B TWD
FY23 16.6B TWD
FY24 19.9B TWD
FY25 20.4B TWD
Net income
FY21 −91.5M TWD
FY22 469K TWD
FY23 237M TWD
FY24 527M TWD
FY25 1.1B TWD

4967 screens 41% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Team Group Fair Value". https://www.fairvalue-calculator.com/stock/4967

Peer Group

Computer Hardware · 215 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 52 · Below median
Fair Value upside −41% · Below median
Return on equity (TTM) 61% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth 69% · Top 25%
Dividend yield (TTM) 4.8% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 16.5× · Cheaper than median
P/B 3.75× · Pricier than 75% of peers
P/S (TTM) 0.75× · Cheaper than median
EV/EBITDA 4.1× · Cheaper than 75% of peers

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 57
PAST 100 · sector 26
HEALTH 99 · sector 97
DIVIDEND 96 · sector 44

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

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is Team Group (4967) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 164.85 TWD versus a price of 280.00 TWD, about −41% (overvalued).
What is the fair value of 4967?
Our model-based fair value for Team Group is 164.85 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 280.00 TWD.
What is the quality score of 4967?
Team Group has a Quality Score of 52/100. 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 Team Group (4967)?
Team Group reported trailing-twelve-month revenue of about 24.1B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 4967?
The net profit margin of Team Group is about 13.8%, meaning it keeps roughly 13.8% of revenue as net income. Based on the latest reported figures.
Does Team Group pay a dividend?
Team Group currently shows a dividend yield of about 3.60% 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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