X-Legend Entertainment Co Ltd (4994) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of X-Legend Entertainment Co Ltd TWD 43.01, price TWD 82.50, upside -47.9%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch X-Legend Entertainment Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
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 51.04 TWD – 125.79 TWD · fair‑value band 32.26 TWD – 53.77 TWD · the 82.50 TWD price screens above the 43.01 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
Follow X-Legend Entertainment Co in your weekly email
Every Wednesday you see whether X-Legend Entertainment Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Show more
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.
Stock analysis
X-Legend Entertainment Co Ltd (4994) currently trades at 82.50 TWD, while our model-based Fair Value estimate is 43.01 TWD, implying the stock looks roughly 91.8% overvalued today.
Show more
Valuation
Bull case: the Dividend Discount group reads highest at a median of 53.22 TWD per share, and 0 of the 26 models we run sit above the 82.50 TWD price.
Bear case: the Asset-Based group reads lowest at 10.32 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 32.26 TWD (bear) to 53.77 TWD (bull), the price of 82.50 TWD sits above 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 70/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
X-Legend Entertainment Co Ltd 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.
Key figures
Market cap 6.2B TWD (≈ $193M) · P/E ratio 42.3 · P/S ratio 4.63 · EPS (TTM) 1.95 TWD · Dividend yield 3.6% · Net margin 11.0% · Return on equity 8.9% · Return on assets (EBIT) 11.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 50% fair-value upside, at −48%, 4994 screens richer than that median.
Fair Value models
Bear 32.26 TWDFair Value 43.01 TWDBull 53.77 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.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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−25.2%
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.
−13.9%
Revenue growth 5 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.
−18.3%
Start year 2020 (pandemic). Over 10 years: −0.4% a year
Revenue growth 18 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.
+37.0%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−11.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.2%
Dividend (yield on the price)3.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−15% vs 1%, slowing
Profit margin 2020 to 2025 ⓘ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.17% → 14%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+25.0%
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 +23.0% a year for the price.
Compare X-Legend Entertainment Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Electronic Gaming & Multimedia · 149 stocks
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 Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4994
Frequently asked questions
Is X-Legend Entertainment Co Ltd (4994) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 43.01 TWD versus a price of 82.50 TWD, about −48% upside (overvalued).
What is the fair value of 4994?
Our model-based fair value for X-Legend Entertainment Co Ltd is 43.01 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 82.50 TWD.
What is the quality score of 4994?
X-Legend Entertainment Co Ltd 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 price target for X-Legend Entertainment Co Ltd (4994)?
Our model-based price target is the fair value of 43.01 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 32.26 TWD, optimistic scenario 53.77 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the X-Legend Entertainment Co Ltd stock forecast for 2026?
Our models put fair value at 43.01 TWD, about −48% upside versus a price of 82.50 TWD (overvalued). Cautious scenario 32.26 TWD, optimistic scenario 53.77 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of X-Legend Entertainment Co Ltd (4994)?
X-Legend Entertainment Co Ltd reported trailing-twelve-month revenue of about 1.2B TWD (latest available figure, as of Sep 24, 2026).
Does X-Legend Entertainment Co Ltd pay a dividend?
X-Legend Entertainment Co Ltd currently shows a dividend yield of about 3.64% relative to its recent price (as of Sep 24, 2026).
What growth is priced into X-Legend Entertainment Co Ltd (4994)?
For today's price to be fair in a discounted-cash-flow model, X-Legend Entertainment Co Ltd would have to grow free cash flow by +25.0 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -18.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 4994 use?
Our models discount X-Legend Entertainment Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.44, 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 X-Legend Entertainment Co Ltd that is +25.0 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has X-Legend Entertainment Co Ltd (4994) delivered so far?
Over the past 5 years revenue at X-Legend Entertainment Co Ltd grew -18.3 % a year. The price currently implies +25.0 % 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 X-Legend Entertainment Co Ltd (4994) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into X-Legend Entertainment Co Ltd (+25.0 % 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 X-Legend Entertainment Co Ltd (4994)?
The free-cash-flow yield on the price is 2.38 %: that much free cash flow X-Legend Entertainment Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of X-Legend Entertainment Co Ltd (4994)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For X-Legend Entertainment Co Ltd it is 43.01 TWD per share (as of Sep 24, 2026), against a price of 82.50 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is X-Legend Entertainment Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 4994 trades above its calculated fair value: price 82.50 TWD, fair value 43.01 TWD, a gap of about −48% (overvalued). 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 4994?
No. The price is what the market pays today (82.50 TWD); the fair value is what the company's own numbers justify (43.01 TWD). For X-Legend Entertainment Co Ltd the two are 39.49 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is X-Legend Entertainment Co Ltd worth?
The market values X-Legend Entertainment Co Ltd at about 6.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 82.50 TWD; our models calculate a fair value of 43.01 TWD per share.
What do the bullish and bearish scenarios say about 4994?
Our models span a range for X-Legend Entertainment Co Ltd: cautious scenario 32.26 TWD, base 43.01 TWD, optimistic 53.77 TWD per share (as of Sep 24, 2026, price 82.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4994?
X-Legend Entertainment Co Ltd trades at a price-to-earnings ratio of 42.3 (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 43.01 TWD is built from several models across several years. Other multiples: P/B 6.0, P/S 5.1, EV/EBITDA 35.2.
How solid is the balance sheet of X-Legend Entertainment Co Ltd (4994)?
Balance-sheet figures for X-Legend Entertainment Co Ltd (as of Sep 24, 2026): return on equity 8.9%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 4994 from its 52-week high?
X-Legend Entertainment Co Ltd trades at 82.50 TWD, about 19% below its 52-week high of 101.50 TWD and 2% above the low of 80.70 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 43.01 TWD is for.
Which stocks are comparable to X-Legend Entertainment Co Ltd?
From the same area (Communication Services) we also value Konami Group, NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, 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 X-Legend Entertainment Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 82.50 TWD, calculated fair value 43.01 TWD (−48%), Quality Score 70/100, from 26 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 4994 calculated?
We run X-Legend Entertainment Co Ltd through 26 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 43.01 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 13.2 % above its aggregate fair value. X-Legend Entertainment Co Ltd itself currently trades above fair value. 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 X-Legend Entertainment Co Ltd (4994)?
The closing price on Sep 24, 2026 was 82.50 TWD. Our model-based fair value is 43.01 TWD, about −48% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with X-Legend Entertainment Co Ltd right 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.
Where does the earnings growth of X-Legend Entertainment Co Ltd (4994) come from?
Earnings per share at X-Legend Entertainment Co Ltd grew +4.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.0 %, EBIT margin −3.5 %, tax rate +3.2 %, residual (interest, one-offs) +0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of X-Legend Entertainment Co Ltd
How large is the market capitalisation of X-Legend Entertainment Co Ltd (4994)?
The market capitalisation of X-Legend Entertainment Co Ltd is 6.2B TWD (≈ $193M). 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 X-Legend Entertainment Co Ltd (4994)?
The price-to-sales ratio of X-Legend Entertainment Co Ltd is 4.63 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of X-Legend Entertainment Co Ltd (4994)?
Earnings per share at X-Legend Entertainment Co Ltd are 1.95 TWD (price ÷ EPS = P/E 42.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of X-Legend Entertainment Co Ltd (4994)?
The dividend yield of X-Legend Entertainment Co Ltd is 3.6% (payout 154%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of X-Legend Entertainment Co Ltd (4994)?
The net margin of X-Legend Entertainment Co Ltd is 11.0% (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 X-Legend Entertainment Co Ltd (4994)?
The return on equity (ROE) of X-Legend Entertainment Co Ltd is 8.9% (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 X-Legend Entertainment Co Ltd (4994)?
On an EBIT basis the return on assets of X-Legend Entertainment Co Ltd is 11.7% (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 X-Legend Entertainment Co Ltd (4994)?
The operating margin of X-Legend Entertainment Co Ltd is 11.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at X-Legend Entertainment Co Ltd (4994)?
Revenue at X-Legend Entertainment Co Ltd is growing +3.8% versus a year earlier (3y avg −13.9%). 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 X-Legend Entertainment Co Ltd (4994)?
Earnings per share at X-Legend Entertainment Co Ltd are growing −48.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does X-Legend Entertainment Co Ltd (4994) hold?
X-Legend Entertainment Co Ltd holds more cash than debt, 907M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch X-Legend Entertainment Co Ltd in the live analysis
One click puts X-Legend Entertainment Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
