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Innodisk Corporation (5289) Fair Value & Analysis

Technology · TW · Market cap 147B TWD

IC Innodisk Corporation 5289 · TWO
Price1,500 TWD
Fair Value261.38 TWD
Upside-82.6%
Quality58/100
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Expensive Growth
Highly profitable · 28.9% net margin
Low debt · negative free cash flow
1.12% dividend yield
Mixed vs. peers (7/13)
Wide moat 90/100
Evidence: High Range 182.97 TWD – 449.02 TWD Share as image

Fair value as of: Jul 12, 2026

From 17 valuation models · updated 28 days ago

Share price −1.0% over the past month.

A solid business, but screening 83% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (449.02 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (182.97 TWD to 449.02 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1,990 TWD 113.10 TWD Fair Value 261.38 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 113.10 TWD – 1,990 TWD · fair‑value band 182.97 TWD – 449.02 TWD · the 1,500 TWD price screens above the 261.38 TWD fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Innodisk Corporation (5289) currently trades at 1,500 TWD, while our model-based Fair Value estimate is 261.38 TWD, implying the stock looks roughly 82.6% overvalued today. The Quality Score stands at 58/100 (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, Innodisk Corporation generated revenue of 24.8B TWD at a net margin of 28.9%. It earns a return on equity of 63.1%. Net debt stands at 435M TWD. The stock trades on a trailing P/E of 81.3. Fundamentals as of Jul 12, 2026

Our scenario range runs from 182.97 TWD (bear case) to 449.02 TWD (bull case); at 1,500 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 24% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -83%, 5289 screens richer 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 BearBaseBull Evidence
Highest evidence
Residual Income 136.87 TWD 177.35 TWD 734.03 TWD 76
ROIC Compounder 250.07 TWD 327.80 TWD 425.56 TWD 72
Gordon GGM 81.94 TWD 170.36 TWD 270.26 TWD 70
All 17 models by family
DCF Models
Owner Earnings 287.28 TWD 515.76 TWD 918.00 TWD 31
Earnings-Based
Graham-Dodd 143.69 TWD 686.76 TWD 945.12 TWD 54
Lynch FV 182.97 TWD 261.38 TWD 339.80 TWD 50
PEG = 1.0 182.97 TWD 261.38 TWD 339.80 TWD 46
EPV 221.80 TWD 256.45 TWD 286.77 TWD 59
Dividend Discount
Gordon GGM 81.94 TWD 170.36 TWD 270.26 TWD 70
DDM Multi-Stage 81.94 TWD 143.65 TWD 178.80 TWD 61
Multiples
P/E Multiple 316.96 TWD 422.61 TWD 528.26 TWD 63
P/S Multiple 269.41 TWD 359.22 TWD 449.02 TWD 58
P/B Multiple 208.82 TWD 278.42 TWD 348.03 TWD 55
EV/EBIT 348.81 TWD 460.45 TWD 572.10 TWD 53
EV/EBITDA 277.37 TWD 365.20 TWD 453.03 TWD 54
EV/Revenue 239.65 TWD 336.41 TWD 433.16 TWD 43
Asset-Based
NCAV (Graham) 46.40 TWD 62.18 TWD 92.81 TWD 50
Economic Profit
Residual Income 136.87 TWD 177.35 TWD 734.03 TWD 76
ROIC Compounder 250.07 TWD 327.80 TWD 425.56 TWD 72
Growth Earnings
Growth-Adj P/E 279.34 TWD 399.06 TWD 518.78 TWD 68

Widest divergence: DCF Models (515.76 TWD) versus Asset-Based (62.18 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 24.8B TWD
Revenue growth (YoY) +403%
Net margin 28.9%
Return on equity 63.1%
Free cash flow −2.5B TWD FY2025
P/E ratio 81.3
More key figures
Operating margin 52.0%
EPS (TTM) 21.59 TWD
Dividend yield 0.9%
EPS growth (YoY) +1,469%
Net debt 435M TWD FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 53 · Market factors (momentum, volatility) 75

Profitability 70
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 28
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 48
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

Innodisk Corporation researches, develops, manufactures, and sales industrial embedded storage devices in Taiwan, Asia, Japan, Germany, China, Europe, the United States, and internationally.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Innodisk Corporation 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.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
14.3B TWD
Latest YoY
+60.0%
Avg. growth/yr (3Y)
+11.4%
Avg. growth/yr (5Y)
+14.8%
Avg. growth/yr (14Y)
+14.7%
Revenue +8.8%/yr
FY21 10.2B TWD
FY22 10.3B TWD
FY23 8.3B TWD
FY24 8.9B TWD
FY25 14.3B TWD
Net income +6.9%/yr
FY21 1.6B TWD
FY22 1.9B TWD
FY23 1.1B TWD
FY24 1.1B TWD
FY25 2.0B TWD

5289 screens 83% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Innodisk Corporation Fair Value". https://www.fairvalue-calculator.com/stock/5289

Peer Group

Computer Hardware · 215 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 58 · Above median
Fair Value upside −83% · Bottom 25%
Return on equity (TTM) 63% · Top 25%
Return on assets 32% · Top 25%
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 52% · Top 25%
Revenue growth 403% · Top 25%
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 70.9× · Pricier than 75% of peers
P/B 16.49× · Pricier than 75% of peers
P/S (TTM) 5.94× · Pricier than 75% of peers
EV/EBITDA 16.2× · Pricier 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 0 · sector 0
FUTURE 100 · sector 57
PAST 100 · sector 26
HEALTH 98 · sector 97
DIVIDEND 22 · sector 44

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is Innodisk Corporation (5289) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 261.38 TWD versus a price of 1,500 TWD, about −83% (overvalued).
What is the fair value of 5289?
Our model-based fair value for Innodisk Corporation is 261.38 TWD (as of Jul 12, 2026), built from audited fundamentals. The current price is 1,500 TWD.
What is the quality score of 5289?
Innodisk Corporation 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 revenue of Innodisk Corporation (5289)?
Innodisk Corporation reported trailing-twelve-month revenue of about 24.8B TWD (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 5289?
The net profit margin of Innodisk Corporation is about 28.9%, meaning it keeps roughly 28.9% of revenue as net income. Based on the latest reported figures.
Does Innodisk Corporation pay a dividend?
Innodisk Corporation currently shows a dividend yield of about 0.89% relative to its recent price (as of Jul 12, 2026).

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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