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APEX International Financial Engineering Res & Tech Co Ltd (5210) Fair Value & Analysis

Technology · TW · Market cap 2.5B TWD (≈ $77.9M) · ISIN TW0005210009

What is APEX International Financial Engineering Res & Tech Co Ltd really worth?

AI APEX International Financial Engineering Res & Tech Co Ltd 5210 · TWO
Price28.95 TWD
Fair Value8.18 TWD
Upside−71.7%
Quality52/100

A solid business, but trading 254% above our fair value of 8.18 TWD.

As of Aug 28, 2026, the fair value of APEX International Financial Engineering Res & Tech Co Ltd is 8.18 TWD per share against a price of 28.95 TWD, so the fair value sits 72% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Highly profitable · 27.5% net margin

Risks

!Weak Growth (revenue 5y +4.3 %/yr)
!Low debt · negative free cash flow
!Mixed vs. peers (5/12)
!Moderate moat 52/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 7.00 TWD – 10.36 TWD

Fair value as of: Aug 28, 2026

From 13 valuation models · updated 9 days ago

Share price +3.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (10.36 TWD). The favourable scenario is already priced in.
  • 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 but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

71.50 TWD 7.97 TWD Fair Value 8.18 TWD Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range 7.97 TWD – 71.50 TWD · fair‑value band 7.00 TWD – 10.36 TWD · the 28.95 TWD price screens above the 8.18 TWD fair value. Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

APEX International Financial Engineering Res & Tech Co Ltd (5210) currently trades at 28.95 TWD, while our model-based Fair Value estimate is 8.18 TWD, implying the stock looks roughly 253.9% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 15.33 TWD per share, and 0 of the 13 models we run sit above the 28.95 TWD price. Bear case: the Earnings-Based group reads lowest at 6.20 TWD, and 13 of the 13 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, APEX International Financial Engineering Res & Tech Co Ltd generated revenue of 278M TWD at a net margin of 21.6%. Revenue grew 8.4% year over year. It earns a return on equity of 7.8%. The balance sheet holds a net cash position of 69.1M TWD. Fundamentals as of Aug 28, 2026

Our scenario range runs from 7.00 TWD (bear case) to 10.36 TWD (bull case); at 28.95 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 10% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −36% fair-value upside, at −72%, 5210 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.4980 TWD per share, which is 6.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Owner Earnings best evidence 10.52 TWD 12.89 TWD 17.17 TWD 78
EPV 6.12 TWD 6.46 TWD 6.75 TWD 74
ROIC Compounder 6.12 TWD 6.46 TWD 6.75 TWD 72
All 13 models by family
DCF Models
Owner Earnings best evidence 10.52 TWD 12.89 TWD 17.17 TWD 78
Earnings-Based
Graham-Dodd 4.97 TWD 6.20 TWD 7.02 TWD 67
EPV 6.12 TWD 6.46 TWD 6.75 TWD 74
Multiples
P/E Multiple 15.35 TWD 20.46 TWD 25.58 TWD 63
P/S Multiple 9.32 TWD 12.42 TWD 15.53 TWD 58
P/B Multiple 9.32 TWD 12.42 TWD 15.53 TWD 55
EV/EBIT 8.86 TWD 10.49 TWD 12.11 TWD 66
EV/EBITDA 10.61 TWD 12.82 TWD 15.02 TWD 67
EV/Revenue 6.45 TWD 7.51 TWD 8.57 TWD 54
Asset-Based
NCAV (Graham) 4.87 TWD 6.53 TWD 9.75 TWD 54
Economic Profit
Residual Income 7.89 TWD 8.32 TWD 8.98 TWD 71
ROIC Compounder 6.12 TWD 6.46 TWD 6.75 TWD 72
Growth Earnings
Growth-Adj P/E 10.73 TWD 15.33 TWD 19.94 TWD 67

Widest divergence: Growth Earnings (15.33 TWD) versus Earnings-Based (6.20 TWD). Highest evidence: Owner Earnings (78).

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Key figures & financial health

P/E ratio 39.7
P/S ratio 8.57 P/E × margin
EPS (TTM) 0.7300 TWD price ÷ EPS = P/E 39.7
Net margin 21.6% FY2025
Return on equity 7.8% TTM
Return on assets (EBIT) −4.9% avg 5y
More key figures
Profitability
Operating margin 21.8% TTM
Growth
Revenue (TTM) 278M TWD TTM
Revenue growth (YoY) +8.4% 3y avg −3.5%
EPS growth (YoY) +22.0%
Balance sheet & cash flow
Free cash flow −6.2M TWD FY2025
Net cash 69.1M TWD FY2023

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 51 · Market factors (momentum, volatility) 60

Profitability 46
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 40
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Apex International Financial Engineering Res. & Tech. Co., Ltd, together with its subsidiaries, provides information software services in Taiwan. It operates through Information Services Department, Green Energy Development Department, and Investment Department segments.

Full company description

Apex International Financial Engineering Res. & Tech. Co., Ltd, together with its subsidiaries, provides information software services in Taiwan. It operates through Information Services Department, Green Energy Development Department, and Investment Department segments. The company engages in planning, construction, sales, and maintenance of financial information products, information conference systems, financial laboratories for the school education market, and systems related to financial commodity trading platforms. It also develops energy conservation, energy generation, energy storage and system, and integration to power trading; and power plant power plant construction, as well as provision of capital market services. In addition, the company offers financial asset management and financial investment transaction management platform, and financial risk management program; real-time stock market system; VR/AR/MR simulation system solutions, smart energy-saving solutions, and videoconferencing systems; and Fintech Robo-Advisor services, and related courses and services, such as the digital school of finance, smart cloud finance platforms, blockchain applications, and big data analysis applications. Further, it is involved in manufacturing of data storage media; computer business machine; equipment wholesale; electronic information supply services; investment and management consultants; securities investment consulting; venture capital, entertainment, investment, and real estate investment business; design, development, and sale of computer software and hardware, and communication multimedia equipment electronic products; import and export of goods; and marketing planning services. Apex International Financial Engineering Res. & Tech. Co., Ltd was founded in 1988 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

APEX International Financial Engineering Res & Tech Co Ltd reported revenue of 278M TWD in FY2025 versus 257M TWD in FY2021, a compound +2.0%/yr. Reported net income was 60.1M TWD in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
278M TWD
Latest YoY
+9.9%
Avg. revenue 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.
−3.5%
Avg. revenue 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.
+4.3%
Avg. revenue growth/yr (9Y) 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.
−0.8%
EBIT 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.
−45.9% (2020) → 8.0% (2025)
Revenue +2.0%/yr
FY21 257M TWD
FY22 310M TWD
FY23 262M TWD
FY24 253M TWD
FY25 278M TWD
Net income
FY21 −22.8M TWD
FY22 −12.3M TWD
FY23 −97.3M TWD
FY24 −55.8M TWD
FY25 60.1M TWD

5210 screens 254% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "APEX International Financial Engineering Res & Tech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/5210.TWO

Peer Group

Software - Application · 691 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 −72% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 3% · Above median
Net margin (TTM) 28% · Top 25%
Operating margin (TTM) 7% · Above median
Revenue growth −3% · Below median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 39.7× · Pricier than median
P/B 3.08× · Pricier than median
P/S (TTM) 8.93× · Pricier than 75% of peers
EV/EBITDA 45.2× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 36
PAST39 · sector 12
HEALTH99 · sector 98
DIVIDEND0 · sector 28

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

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAP €191.32 €169.59 −11%
Shopify Inc SHOP C$209.78 C$28.76 −86%
Uber Technologies, Inc UBER $78.82 $43.66 −45%
Salesforce, Inc CRM $259.23 $249.28 −4%
ServiceNow, Inc NOW $138.43 $43.73 −68%
Cadence Design Systems, Inc CDNS $340.39 $112.57 −67%
Snowflake Inc SNOW $329.11 $42.27 −87%
Adobe Inc ADBE $266.51 $454.04 +70%
Automatic Data Processing, Inc ADP $277.62 $177.51 −36%
Intuit Inc INTU $332.70 $363.46 +9%

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Frequently asked questions

Is APEX International Financial Engineering Res & Tech Co Ltd (5210) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of 8.18 TWD versus a price of 28.95 TWD, about −72% upside (overvalued).
What is the fair value of 5210?
Our model-based fair value for APEX International Financial Engineering Res & Tech Co Ltd is 8.18 TWD (as of Aug 28, 2026), built from audited fundamentals. The current price: 28.95 TWD.
What is the quality score of 5210?
APEX International Financial Engineering Res & Tech Co Ltd 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 price target for APEX International Financial Engineering Res & Tech Co Ltd (5210)?
Our model-based price target is the fair value of 8.18 TWD (as of Aug 28, 2026) from 13 valuation models. Cautious scenario 7.00 TWD, optimistic scenario 10.36 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the APEX International Financial Engineering Res & Tech Co Ltd stock forecast for 2026?
Our models put fair value at 8.18 TWD, about −72% upside versus a price of 28.95 TWD (overvalued). Cautious scenario 7.00 TWD, optimistic scenario 10.36 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of APEX International Financial Engineering Res & Tech Co Ltd (5210)?
APEX International Financial Engineering Res & Tech Co Ltd reported trailing-twelve-month revenue of about 278M TWD (latest available figure, as of Aug 28, 2026).
What is the net profit margin of 5210?
The net profit margin of APEX International Financial Engineering Res & Tech Co Ltd is about 21.6%, meaning it keeps roughly 21.6% of revenue as net income. Based on the latest reported figures.
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