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Penpower Technology Ltd (5211) Fair Value & Analysis

Technology · TW · Market cap 613M TWD (≈ $19.4M) · ISIN TW0005211007

What is Penpower Technology Ltd really worth?

PT Penpower Technology Ltd 5211 · TWO
Price19.30 TWD
Fair Value5.80 TWD
Upside−70.0%
Quality55/100

A solid business, but trading 233% above our fair value of 5.80 TWD.

As of Sep 3, 2026, the fair value of Penpower Technology Ltd is 5.80 TWD per share against a price of 19.30 TWD, so the fair value sits 70% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 5y +7.0 %/yr)
!Loss-making · -9.2% net margin
!negative free cash flow
!Mixed vs. peers (4/10)
!Narrow moat 17/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 3.82 TWD – 7.24 TWD

Fair value as of: Sep 3, 2026

From 1 valuation models · updated 3 days ago

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 (7.24 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 (55/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (3.82 TWD to 7.24 TWD) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

33.39 TWD 13.59 TWD Fair Value 5.80 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.

How to read this chart

60‑month range 13.59 TWD – 33.39 TWD · fair‑value band 3.82 TWD – 7.24 TWD · the 19.30 TWD price screens above the 5.80 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.

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Analysis

Penpower Technology Ltd (5211) currently trades at 19.30 TWD, while our model-based Fair Value estimate is 5.80 TWD, implying the stock looks roughly 232.8% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Technology sector. How firm this estimate is: it rests on 1 models at a data quality of 91/100, which puts the evidence level at low.

Over the trailing twelve months, Penpower Technology Ltd generated revenue of 219M TWD at a net margin of −11.4%. Revenue grew 61.7% year over year. It earns a return on equity of −5.9%. Fundamentals as of Sep 3, 2026

Our scenario range runs from 3.82 TWD (bear case) to 7.24 TWD (bull case); at 19.30 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 46% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −36% fair-value upside, at −70%, 5211 screens richer than that median.

Fair Value models

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
NCAV (Graham) best evidence 5.41 TWD 7.25 TWD 10.82 TWD 51
All 1 models by family
Asset-Based
NCAV (Graham) best evidence 5.41 TWD 7.25 TWD 10.82 TWD 51

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Key figures & financial health

P/S ratio 2.61 TTM
EPS (TTM) −0.7700 TWD
Dividend yield 3.9%
Net margin −11.3% FY2025
Return on equity −5.1% TTM
Return on assets (EBIT) −3.1% avg 5y
More key figures
Profitability
Operating margin −15.2% TTM
Growth
Revenue (TTM) 235M TWD TTM
Revenue growth (YoY) +39.3% 3y avg +14.0%
EPS growth (YoY) −62.0%
Balance sheet & cash flow
Free cash flow −27.0M TWD FY2025

Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 53 · Market factors (momentum, volatility) 33

Profitability 17
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 82
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

Penpower Technology LTD. engages in the research and development, design, maintenance, marketing, and sale of computer peripheral equipment in Taiwan and internationally.

Full company description

Penpower Technology LTD. engages in the research and development, design, maintenance, marketing, and sale of computer peripheral equipment in Taiwan and internationally. It offers RemoteGo/WorldPenScan Go, which are cloud-based e-learning solutions; BreezySign, an e-signature and agreement cloud; WorldCard Cloud, an e-contacts saving and management cloud; Asteroom 360 virtual tour kit, a 3D virtual tour platform for real estate cloud; and Xiaoyaoxinli online counseling platform. The company was founded in 1991 and is based in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Penpower Technology Ltd reported revenue of 219M TWD in FY2025 versus 128M TWD in FY2021, a compound +14.4%/yr. Reported net income was −24.8M TWD in FY2025.

Growth Quality 28/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
219M TWD
Latest YoY
+34.2%
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.
+14.0%
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.
+7.0%
Avg. revenue growth/yr (8Y) 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.
−1.9%
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.
−12.9% (2020) → −9.8% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +14.4%/yr
FY21 128M TWD
FY22 148M TWD
FY23 165M TWD
FY24 163M TWD
FY25 219M TWD
Net income
FY21 47.3M TWD
FY22 30.0M TWD
FY23 −146M TWD
FY24 −37.4M TWD
FY25 −24.8M TWD

5211 screens 233% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "Penpower Technology Ltd Fair Value". https://www.fairvalue-calculator.com/stock/5211.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 53 · Below median
Fair Value upside −70% · Bottom 25%
Return on assets −3% · Below median
Net margin (TTM) −9% · Bottom 25%
Operating margin (TTM) −15% · Bottom 25%
Revenue growth 39% · Top 25%
Dividend yield (TTM) 3.9% · Top 25%

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.08× · Cheaper 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
FUTURE100 · sector 36
PAST0 · sector 12
HEALTH0 · sector 98
DIVIDEND77 · 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 Sep 3, 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 Penpower Technology Ltd (5211) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of 5.80 TWD versus a price of 19.30 TWD, about −70% upside (overvalued).
What is the fair value of 5211?
Our model-based fair value for Penpower Technology Ltd is 5.80 TWD (as of Sep 3, 2026), built from audited fundamentals. The current price: 19.30 TWD.
What is the quality score of 5211?
Penpower Technology Ltd has a Quality Score of 55/100. 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 Penpower Technology Ltd (5211)?
Our model-based price target is the fair value of 5.80 TWD (as of Sep 3, 2026) from 1 valuation models. Cautious scenario 3.82 TWD, optimistic scenario 7.24 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Penpower Technology Ltd stock forecast for 2026?
Our models put fair value at 5.80 TWD, about −70% upside versus a price of 19.30 TWD (overvalued). Cautious scenario 3.82 TWD, optimistic scenario 7.24 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Penpower Technology Ltd (5211)?
Penpower Technology Ltd reported trailing-twelve-month revenue of about 219M TWD (latest available figure, as of Sep 3, 2026).
What is the net profit margin of 5211?
The net profit margin of Penpower Technology Ltd is about −11.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Penpower Technology Ltd pay a dividend?
Penpower Technology Ltd currently shows a dividend yield of about 3.87% relative to its recent price (as of Sep 3, 2026).
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