InnoDisk (5289) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of InnoDisk TWD 198, price TWD 1,305, upside -84.8%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value 198.05 TWD · Strongly overvalued (−85%)
!Quality 58/100
!Expensive Growth(revenue 5y +14.8 %/yr)
✓Highly profitable · 28.9% net margin (TTM)
!Low debt · negative free cash flow
·1.30% dividend yield
!Mixed vs. peers(7/13)
✓Wide moat90/100
!Evidence only low, so the estimate is less certain
!The models disagree: range 122.64 TWD to 554.04 TWD
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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 109.96 TWD – 1,929 TWD · fair‑value band 122.64 TWD – 554.04 TWD · the 1,305 TWD price screens above the 198.05 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Innodisk Corporation researches, develops, manufactures, and sales industrial embedded storage devices in Taiwan, Asia, Japan, Germany, China, Europe, the United States, and internationally.
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Innodisk Corporation researches, develops, manufactures, and sales industrial embedded storage devices in Taiwan, Asia, Japan, Germany, China, Europe, the United States, and internationally. The company offers flash storage products, such as solid state drives (SSDs); SATA Slim, nano SSD, compact flash memory card, SATADOM horizontal and vertical, embedded disk card; SD and MicroSD cards; USB and EDC; and CFexpress. It also provides DRAM modules comprising industrial embedded DRAM memory modules, server workstation memory, wide temperature/ultra-temperature, and special customized solutions. In addition, the company offers embedded peripherals comprising Power over Ethernet, Out of band, CANbus, serial, Digital I/O, LAN, Storage, disk arrays, display cards, camera modules, testing tools, InnoEx Virtual I/O, FGPA, and air sensor module; and software solutions. Its products are used in the aerospace, embedded systems, server applications, casino gaming, in-vehicles, ICAP Air, and AIoT, as well as surveillance, automation, networking, healthcare, and retail markets. nnodisk Corporation was founded in 2005 and is headquartered in New Taipei City, Taiwan.
Stock analysis
InnoDisk (5289) currently trades at 1,305 TWD, while our model-based Fair Value estimate is 198.05 TWD, implying the stock looks roughly 558.8% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 483.40 TWD per share, and 0 of the 17 models we run sit above the 1,305 TWD price.
Bear case: the Asset-Based group reads lowest at 62.18 TWD, and 17 of the 17 models stay below the price. Evidence for this calculation is low.
Scenario range: 122.64 TWD (bear) to 554.04 TWD (bull), the price of 1,305 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 58/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
InnoDisk reported revenue of 14.3B TWD in FY2025 versus 10.2B TWD in FY2021, a compound +8.8%/yr. Reported net income was 2.0B TWD in FY2025, compounding +6.9%/yr from FY2021.
Key figures
Market cap 147B TWD (≈ $4.6B) · P/E ratio 60.5 · P/S ratio 8.64 · EPS (TTM) 21.57 TWD · Dividend yield 1.3% · Net margin 14.3% · Return on equity 63.1% · Return on assets (EBIT) 18.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 334% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −33% fair-value upside, at −85%, 5289 screens richer than that median.
Fair Value models
Bear 122.64 TWDFair Value 198.05 TWDBull 554.04 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (3.42 TWD per share) are deliberately not added.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+60.0%
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.
+11.4%
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.
+14.8%
Start year 2020 (pandemic). Over 10 years: +12.5% a year
Revenue growth 14 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.
+14.7%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+6.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.8%
Dividend (yield on the price)1.3%
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.13% vs 12%, steady
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% → 17%
2025 sits 68% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Price, fair value, quality and upside side by side.
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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.Computer Hardware · 220 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−85% · Bottom 25%
Profitability
Return on equity (TTM)63% · Top 25%
Return on assets32% · Top 25%
Net margin (TTM)29% · Top 25%
Operating margin (TTM)52% · Top 25%
Growth and dividend
Revenue growth403% · Top 25%
Dividend yield (TTM)1.3% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (TTM)60.5× · Priciest 25%
P/B16.49× · Priciest 25%
P/S (TTM)5.94× · Priciest 25%
EV/EBITDA16.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 59
PAST (return on equity)100· sector 26
HEALTH (low debt)98· sector 97
DIVIDEND (yield)26· sector 40
VALUE 0: the price sits above our fair-value range.
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). "InnoDisk Fair Value". https://www.fairvalue-calculator.com/stock/5289
Frequently asked questions
Is InnoDisk (5289) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 198.05 TWD versus a price of 1,305 TWD, about −85% upside (overvalued).
What is the fair value of 5289?
Our model-based fair value for InnoDisk is 198.05 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,305 TWD.
What is the quality score of 5289?
InnoDisk has a Quality Score of 58/100. 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 InnoDisk (5289)?
Our model-based price target is the fair value of 198.05 TWD (as of Sep 24, 2026) from 17 valuation models. Cautious scenario 122.64 TWD, optimistic scenario 554.04 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the InnoDisk stock forecast for 2026?
Our models put fair value at 198.05 TWD, about −85% upside versus a price of 1,305 TWD (overvalued). Cautious scenario 122.64 TWD, optimistic scenario 554.04 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of InnoDisk (5289)?
InnoDisk reported trailing-twelve-month revenue of about 24.8B TWD (latest available figure, as of Sep 24, 2026).
Does InnoDisk pay a dividend?
InnoDisk currently shows a dividend yield of about 1.30% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of InnoDisk (5289)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For InnoDisk it is 198.05 TWD per share (as of Sep 24, 2026), against a price of 1,305 TWD. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is InnoDisk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 5289 trades above its calculated fair value: price 1,305 TWD, fair value 198.05 TWD, a gap of about −85% (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 5289?
No. The price is what the market pays today (1,305 TWD); the fair value is what the company's own numbers justify (198.05 TWD). For InnoDisk the two are 1,107 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is InnoDisk worth?
The market values InnoDisk at about 147B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 1,305 TWD; our models calculate a fair value of 198.05 TWD per share.
What do the bullish and bearish scenarios say about 5289?
Our models span a range for InnoDisk: cautious scenario 122.64 TWD, base 198.05 TWD, optimistic 554.04 TWD per share (as of Sep 24, 2026, price 1,305 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5289?
InnoDisk trades at a price-to-earnings ratio of 60.5 (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 198.05 TWD is built from several models across several years. Other multiples: P/B 16.5, P/S 5.9, EV/EBITDA 16.2.
How solid is the balance sheet of InnoDisk (5289)?
Balance-sheet figures for InnoDisk (as of Sep 24, 2026): return on equity 63.1%, debt of 0.03 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 5289 from its 52-week high?
InnoDisk trades at 1,305 TWD, about 32% below its 52-week high of 1,929 TWD and 334% above the low of 300.47 TWD (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 198.05 TWD is for.
Which stocks are comparable to InnoDisk?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Wiwynn 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 InnoDisk stock attractive at the current price?
The data as of Sep 24, 2026: price 1,305 TWD, calculated fair value 198.05 TWD (−85%), Quality Score 58/100, from 17 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 5289 calculated?
We run InnoDisk through 17 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 198.05 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 14.1 % above its aggregate fair value. InnoDisk 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 InnoDisk (5289)?
The closing price on Sep 23, 2026 was 1,305 TWD. Our model-based fair value is 198.05 TWD, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with InnoDisk right now?
The price sits above even our optimistic bull case (554.04 TWD). The favourable scenario is already priced in. The model range is unusually wide (122.64 TWD to 554.04 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of InnoDisk (5289) come from?
Earnings per share at InnoDisk grew +15.1 % a year from 2012 to 2023. Broken into its drivers: revenue per share +11.5 %, EBIT margin +5.1 %, tax rate −0.2 %, residual (interest, one-offs) −1.6 %. 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 InnoDisk
How large is the market capitalisation of InnoDisk (5289)?
The market capitalisation of InnoDisk is 147B TWD (≈ $4.6B). 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 InnoDisk (5289)?
The price-to-sales ratio of InnoDisk is 8.64 (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 InnoDisk (5289)?
Earnings per share at InnoDisk are 21.57 TWD (price ÷ EPS = P/E 60.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of InnoDisk (5289)?
The dividend yield of InnoDisk is 1.3% (payout 78.3%). 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 InnoDisk (5289)?
The net margin of InnoDisk is 14.3% (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 InnoDisk (5289)?
The return on equity (ROE) of InnoDisk is 63.1% (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 InnoDisk (5289)?
On an EBIT basis the return on assets of InnoDisk is 18.5% (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 InnoDisk (5289)?
The operating margin of InnoDisk is 52.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at InnoDisk (5289)?
Revenue at InnoDisk is growing +403% versus a year earlier (3y avg +11.4%). 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 InnoDisk (5289)?
Earnings per share at InnoDisk are growing +14.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does InnoDisk (5289) generate?
The free cash flow of InnoDisk is −2.5B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does InnoDisk (5289) carry?
The net debt of InnoDisk is 435M TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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