EN DE

X-Legend Entertainment Co (4994) Fair Value & Analysis

Communication Services · TW · Market cap 6.2B TWD

XL X-Legend Entertainment Co 4994 · TW
Price86.90 TWD
Fair Value43.01 TWD
Upside-50.5%
Quality70/100
Watch X-Legend Entertainment Co for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Thin margins · 8.6% net margin
generates free cash flow
3.23% dividend yield
Ranks above peers (8/13)
Moderate moat 49/100
Evidence: High Range 32.26 TWD – 53.77 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Share price −4.5% over the past month.

A solid business, but screening 51% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (53.77 TWD). The favourable scenario is already priced in.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

125.79 TWD 0.0008 TWD Fair Value 43.01 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 0.0008 TWD – 125.79 TWD · fair‑value band 32.26 TWD – 53.77 TWD · the 86.90 TWD price screens above the 43.01 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

X-Legend Entertainment Co (4994) currently trades at 86.90 TWD, while our model-based Fair Value estimate is 43.01 TWD, implying the stock looks roughly 50.5% overvalued today. The Quality Score stands at 70/100 (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, X-Legend Entertainment Co generated revenue of 1.2B TWD at a net margin of 8.6%. Revenue grew 3.8% year over year. It earns a return on equity of 8.9%. The balance sheet holds a net cash position of 907M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 32.26 TWD (bear case) to 53.77 TWD (bull case); at 86.90 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 18% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -19% fair-value upside, at -51%, 4994 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.

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 14.38 TWD 16.67 TWD 26.56 TWD 76
Growth DCF 37.45 TWD 47.56 TWD 61.55 TWD 72
Gordon GGM 43.91 TWD 87.50 TWD 132.50 TWD 70
All 26 models by family
DCF Models
FCF DCF 37.19 TWD 48.77 TWD 65.90 TWD 38
Owner Earnings 42.97 TWD 57.68 TWD 79.45 TWD 31
5Y Revenue Exit 36.95 TWD 49.80 TWD 66.23 TWD 39
5Y EBITDA Exit 38.79 TWD 53.25 TWD 70.15 TWD 41
5Y P/E Exit 41.93 TWD 59.18 TWD 77.40 TWD 38
10Y Revenue Exit 36.18 TWD 47.79 TWD 63.48 TWD 36
10Y EBITDA Exit 37.97 TWD 50.14 TWD 66.42 TWD 37
10Y P/E Exit 39.94 TWD 54.18 TWD 71.87 TWD 35
Earnings-Based
Graham-Dodd 13.30 TWD 43.01 TWD 57.42 TWD 54
Lynch FV 9.58 TWD 13.69 TWD 17.79 TWD 50
PEG = 1.0 9.58 TWD 13.69 TWD 17.79 TWD 46
EPV 34.89 TWD 37.89 TWD 40.48 TWD 59
Dividend Discount
Gordon GGM 43.91 TWD 87.50 TWD 132.50 TWD 70
DDM Multi-Stage 43.91 TWD 72.61 TWD 92.36 TWD 61
Multiples
P/E Multiple 32.26 TWD 43.01 TWD 53.77 TWD 63
P/S Multiple 24.93 TWD 33.24 TWD 41.55 TWD 58
P/B Multiple 24.93 TWD 33.24 TWD 41.55 TWD 55
EV/EBIT 44.82 TWD 54.48 TWD 64.14 TWD 53
EV/EBITDA 42.60 TWD 51.52 TWD 60.43 TWD 54
EV/Revenue 37.82 TWD 47.24 TWD 56.65 TWD 43
Asset-Based
NCAV (Graham) 7.70 TWD 10.32 TWD 15.40 TWD 50
Growth DCF
Growth DCF 37.45 TWD 47.56 TWD 61.55 TWD 72
Rev-Margin DCF 36.95 TWD 49.79 TWD 64.70 TWD 67
Economic Profit
Residual Income 14.38 TWD 16.67 TWD 26.56 TWD 76
ROIC Compounder 34.89 TWD 37.89 TWD 40.48 TWD 67
Growth Earnings
Growth-Adj P/E 26.90 TWD 38.43 TWD 49.96 TWD 68

Widest divergence: Dividend Discount (72.61 TWD) versus Asset-Based (10.32 TWD). Highest evidence: Residual Income (76).

Notify me when 4994 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 1.2B TWD
Revenue growth (YoY) +3.8%
Net margin 8.6%
Return on equity 8.9%
Free cash flow 130M TWD FY2025
P/E ratio 47.5
More key figures
Operating margin 11.4%
EPS (TTM) 1.95 TWD
Dividend yield 3.2%
EPS growth (YoY) -48.8%
Net cash 907M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 70 · Market factors (momentum, volatility) 49

Profitability 63
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 85
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

X-Legend Entertainment Co., Ltd., together with its subsidiaries, designs, develops, publishes, markets, and sales gaming software. The company publishes games in approximately 14 language versions in Taiwan, Hong Kong, Japan, China, North America, Korea, Germany, France, Malaysia, Thailand, Indonesia, Portugal, Spain, Italy, and Russia.

Full company description

X-Legend Entertainment Co., Ltd., together with its subsidiaries, designs, develops, publishes, markets, and sales gaming software. The company publishes games in approximately 14 language versions in Taiwan, Hong Kong, Japan, China, North America, Korea, Germany, France, Malaysia, Thailand, Indonesia, Portugal, Spain, Italy, and Russia. It also offers data and software services, as well as engages in the international trading activities. In addition, the company engages in intellectual property related businesses. X-Legend Entertainment Co., Ltd. was incorporated in 2002 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

X-Legend Entertainment Co reported revenue of 1.2B TWD in FY2025 versus 2.9B TWD in FY2021, a compound −20.0%/yr. Reported net income was 130M TWD in FY2025, compounding −1.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.2B TWD
Latest YoY
−25.2%
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.
−13.9%
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.
−18.3%
Avg. growth/yr (18Y) 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.
+37.0%
Revenue −20.0%/yr
FY21 2.9B TWD
FY22 1.9B TWD
FY23 1.6B TWD
FY24 1.6B TWD
FY25 1.2B TWD
Net income −1.3%/yr
FY21 137M TWD
FY22 52.8M TWD
FY23 156M TWD
FY24 318M TWD
FY25 130M TWD
Character of growth · EPS growth decomposed (2014-2025) +4.7 % p.a.
Revenue per share +5.0 pp

of which total revenue +0.8 pp · buybacks/dilution +4.2 pp

EBIT margin −3.5 pp
Tax rate +3.2 pp
Residual (interest, one-offs) +0.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

4994 screens 51% overvalued. Compare with NetEase, Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "X-Legend Entertainment Co Fair Value". https://www.fairvalue-calculator.com/stock/4994

Peer Group

Electronic Gaming & Multimedia · 152 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 70 · Above median
Fair Value upside −51% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 6% · Above median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 4% · Above median
Dividend yield (TTM) 3.2% · Above median

Valuation Multiples vs Electronic Gaming & Multimedia median · lower = cheaper

P/E (TTM) 47.5× · Pricier than 75% of peers
P/B 6.02× · Pricier than 75% of peers
P/S (TTM) 5.14× · Pricier than 75% of peers
P/FCF 1.5× · Cheaper than median
EV/EBITDA 35.2× · Pricier 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 15
FUTURE 19 · sector 10
PAST 35 · sector 11
HEALTH 0 · sector 99
DIVIDEND 65 · sector 41

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 Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
NetEase, Inc 9999 HK$202.60 HK$192.74 -5%
Electronic Arts Inc EA $207.27 $76.57 -63%
Take-Two Interactive Software, Inc TTWO $237.04 $60.45 -74%
Roblox Corporation RBLX $57.07 $21.20 -63%
Zhejiang Century Huatong Group 002602 ¥14.04 ¥14.68 +5%
KRAFTON, Inc 259960 240,500 KRW 395,557 KRW +64%
Kunlun Tech Co 300418 ¥44.61 ¥6.87 -85%
Giant Network Group 002558 ¥29.98 ¥15.69 -48%
International Games System Co 3293 704.00 TWD 568.16 TWD -19%
37 Interactive Entertainment Network Technology Group 002555 ¥19.02 ¥22.29 +17%

Compare X-Legend Entertainment Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Communication Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is X-Legend Entertainment Co (4994) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 43.01 TWD versus a price of 86.90 TWD, about −51% (overvalued).
What is the fair value of 4994?
Our model-based fair value for X-Legend Entertainment Co is 43.01 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 86.90 TWD.
What is the quality score of 4994?
X-Legend Entertainment Co has a Quality Score of 70/100. 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 X-Legend Entertainment Co (4994)?
X-Legend Entertainment Co reported trailing-twelve-month revenue of about 1.2B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 4994?
The net profit margin of X-Legend Entertainment Co is about 8.6%, meaning it keeps roughly 8.6% of revenue as net income. Based on the latest reported figures.
Does X-Legend Entertainment Co pay a dividend?
X-Legend Entertainment Co currently shows a dividend yield of about 3.43% relative to its recent price (as of Jul 23, 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.

14 days Pro free · no card

Track X-Legend Entertainment Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.