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CyberLink Corp (5203) Fair Value & Analysis

Technology · TW · Market cap 5.1B TWD

CC CyberLink Corp 5203 · TW
Price66.30 TWD
Fair Value51.56 TWD
Upside-22.2%
Quality68/100
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Expensive Growth
Solidly profitable · 11.8% net margin
Low debt · generates free cash flow
5.56% dividend yield
Ranks above peers (11/14)
Moderate moat 47/100
Evidence: High Range 39.38 TWD – 58.81 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 50.26 TWD to 51.56 TWD (+2.6%) since Jul 11, 2026. Share price −2.8% over the past month.

A solid business, but screening 22% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (58.81 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

135.37 TWD 60.50 TWD Fair Value 51.56 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 60.50 TWD – 135.37 TWD · fair‑value band 39.38 TWD – 58.81 TWD · the 66.30 TWD price screens above the 51.56 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

CyberLink Corp (5203) currently trades at 66.30 TWD, while our model-based Fair Value estimate is 51.56 TWD, implying the stock looks roughly 22.2% overvalued today. The Quality Score stands at 68/100 (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, CyberLink Corp generated revenue of 2.5B TWD at a net margin of 11.8%. Revenue grew 2.4% year over year. It earns a return on equity of 6.0%. The balance sheet holds a net cash position of 581M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 39.38 TWD (bear case) to 58.81 TWD (bull case); at 66.30 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 39% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -22%, 5203 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 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
Growth DCF 12.65 TWD 15.75 TWD 20.99 TWD 80
Residual Income 47.34 TWD 49.21 TWD 49.87 TWD 76
Rev-Margin DCF 30.80 TWD 48.55 TWD 69.95 TWD 74
All 24 models by family
DCF Models
FCF DCF 12.28 TWD 15.49 TWD 21.38 TWD 38
Owner Earnings 39.16 TWD 51.90 TWD 75.29 TWD 31
5Y Revenue Exit 30.80 TWD 48.34 TWD 74.12 TWD 39
5Y EBITDA Exit 32.11 TWD 50.59 TWD 75.24 TWD 41
5Y P/E Exit 35.61 TWD 56.61 TWD 81.77 TWD 38
10Y Revenue Exit 22.14 TWD 34.72 TWD 48.87 TWD 36
10Y EBITDA Exit 24.01 TWD 36.10 TWD 49.53 TWD 37
10Y P/E Exit 26.09 TWD 39.80 TWD 53.37 TWD 35
Earnings-Based
Graham-Dodd 25.23 TWD 33.38 TWD 38.41 TWD 54
EPV 33.99 TWD 38.85 TWD 43.04 TWD 59
Dividend Discount
Gordon GGM 25.10 TWD 27.35 TWD 30.76 TWD 70
DDM Multi-Stage 25.10 TWD 31.48 TWD 39.88 TWD 61
Multiples
P/E Multiple 55.66 TWD 74.21 TWD 92.76 TWD 63
P/S Multiple 47.31 TWD 63.08 TWD 78.85 TWD 58
P/B Multiple 47.31 TWD 63.08 TWD 78.85 TWD 55
EV/EBIT 67.44 TWD 88.84 TWD 110.23 TWD 53
EV/EBITDA 52.13 TWD 68.43 TWD 84.73 TWD 54
EV/Revenue 46.51 TWD 65.06 TWD 83.60 TWD 43
Asset-Based
NCAV (Graham) 30.01 TWD 40.21 TWD 60.01 TWD 50
Growth DCF
Growth DCF 12.65 TWD 15.75 TWD 20.99 TWD 80
Rev-Margin DCF 30.80 TWD 48.55 TWD 69.95 TWD 74
Economic Profit
Residual Income 47.34 TWD 49.21 TWD 49.87 TWD 76
ROIC Compounder 33.99 TWD 38.85 TWD 43.04 TWD 72
Growth Earnings
Growth-Adj P/E 39.38 TWD 56.25 TWD 73.13 TWD 68

Widest divergence: Multiples (65.06 TWD) versus Growth DCF (15.75 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.5B TWD
Revenue growth (YoY) +2.4%
Net margin 11.8%
Return on equity 6.0%
Free cash flow 74.9M TWD FY2025
P/E ratio 18.6
More key figures
Operating margin 13.4%
EPS (TTM) 3.55 TWD
Dividend yield 5.6%
EPS growth (YoY) +3.9%
Net cash 581M TWD FY2025

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

Quality Score breakdown

Overall quality 68/100

Of which business quality 65 · Market factors (momentum, volatility) 36

Profitability 42
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 97
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

CyberLink Corp., a multimedia software and AI facial recognition technology company, develops, designs, and sells video entertainment and media creation software in Taiwan, Japan, South Korea, the United States, and Southeast Asia.

Full company description

CyberLink Corp., a multimedia software and AI facial recognition technology company, develops, designs, and sells video entertainment and media creation software in Taiwan, Japan, South Korea, the United States, and Southeast Asia. It offers software for video and photo editing, multimedia playback, file conversion, online chat, and mobile; video editing software and plug-ins for creative control; digital marketing; and software solutions for desktop recording, webcam capture, and livestreaming. The company also provides solutions for burning, backup, and media conversion needs; and apps for video and photo editing, as well as digital marketing. In addition, it offers digital content creation, video conferencing, live casting, and mobile application solutions. The company serves consumer, commercial, and education markets. CyberLink Corp. was incorporated in 1990 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

CyberLink Corp reported revenue of 2.5B TWD in FY2025 versus 1.6B TWD in FY2021, a compound +11.8%/yr. Reported net income was 287M 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)
2.5B TWD
Latest YoY
+18.9%
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.
+13.3%
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.
+8.4%
Avg. growth/yr (25Y) 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.
+6.2%
Revenue +11.8%/yr
FY21 1.6B TWD
FY22 1.7B TWD
FY23 1.9B TWD
FY24 2.1B TWD
FY25 2.5B TWD
Net income
FY21 −563M TWD
FY22 184M TWD
FY23 222M TWD
FY24 315M TWD
FY25 287M TWD
Character of growth · EPS growth decomposed (2014-2025) −4.5 % p.a.
Revenue per share +3.2 pp

of which total revenue +0.5 pp · buybacks/dilution +2.6 pp

EBIT margin −11.1 pp
Tax rate +0.2 pp
Residual (interest, one-offs) +3.3 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).

5203 screens 22% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "CyberLink Corp Fair Value". https://www.fairvalue-calculator.com/stock/5203

Peer Group

Software - Application · 709 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 68 · Top 25%
Fair Value upside −22% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 4% · Above median
Net margin (TTM) 12% · Above median
Operating margin (TTM) 13% · Above median
Revenue growth 2% · Below median
Dividend yield (TTM) 5.6% · Top 25%
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 18.6× · Cheaper than median
P/B 1.10× · Cheaper than median
P/S (TTM) 2.06× · Pricier than median
P/FCF 2.1× · Cheaper than median
EV/EBITDA 12.0× · Cheaper than median

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 4 · sector 0
FUTURE 12 · sector 38
PAST 24 · sector 13
HEALTH 96 · sector 98
DIVIDEND 100 · sector 28

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is CyberLink Corp (5203) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 51.56 TWD versus a price of 66.30 TWD, about −22% (overvalued).
What is the fair value of 5203?
Our model-based fair value for CyberLink Corp is 51.56 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 66.30 TWD.
What is the quality score of 5203?
CyberLink Corp has a Quality Score of 68/100. 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 CyberLink Corp (5203)?
CyberLink Corp reported trailing-twelve-month revenue of about 2.5B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 5203?
The net profit margin of CyberLink Corp is about 11.8%, meaning it keeps roughly 11.8% of revenue as net income. Based on the latest reported figures.

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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