United Recommend International Co Ltd (5321) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of United Recommend International Co Ltd TWD 27.08, price TWD 69.70, upside -61.2%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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United Recommend International Co., Ltd. engages in the garment industry in Taiwan. The company operates as e-commerce company for women's clothing. It also manufactures and sells printed circuit boards (PCBs).
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United Recommend International Co., Ltd. engages in the garment industry in Taiwan. The company operates as e-commerce company for women's clothing. It also manufactures and sells printed circuit boards (PCBs). The company also involved in the leasing; third-party payment; food online sales; Italian restaurants and food; operates physical shopping malls, department stores, and restaurants; and wholesale and retail of cloth, clothing, shoes, hats, umbrellas, and daily necessities services. The company was formerly known as Best Friend Technology Co., Ltd and changed its name to United Recommend International Co., Ltd. in September 2021. United Recommend International Co., Ltd. was founded in 1983 and is headquartered in Taipei, Taiwan.
Stock analysis
United Recommend International Co Ltd (5321) currently trades at 69.70 TWD, while our model-based Fair Value estimate is 27.08 TWD, implying the stock looks roughly 157.4% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 54.80 TWD per share, and 3 of the 14 models we run sit above the 69.70 TWD price.
Bear case: the Asset-Based group reads lowest at 9.55 TWD, and 11 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: 27.08 TWD (bear) to 41.49 TWD (bull), the price of 69.70 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 37/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
United Recommend International Co Ltd reported revenue of 2.8B TWD in FY2025 versus 2.7B TWD in FY2021, a compound +1.1%/yr. Reported net income was −14.4M TWD in FY2025.
Key figures
Market cap 4.5B TWD (≈ $142M) · P/S ratio 1.69 · EPS (TTM) −3.29 TWD · Dividend yield 0.4% · Net margin −0.5% · Return on equity −15.8% · Return on assets (EBIT) 5.6% · Operating margin −5.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 222% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −61%, 5321 screens cheaper than that median.
Fair Value models
Bear 27.08 TWDFair Value 27.08 TWDBull 41.49 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.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
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+7.5%
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.
+19.9%
Revenue growth 7 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.
+23.1%
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Profit 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.
−4.9% (2020) → 4.5% (2025)
What shareholders gained per year ⓘ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
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+21.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +19.3% a year for the price.
Compare United Recommend International Co Ltd with another stock
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.Electronic Components · 654 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−61% · Below median
Profitability
Return on assets1% · Below median
Net margin (TTM)−5% · Bottom 25%
Operating margin (TTM)−5% · Bottom 25%
Growth and dividend
Revenue growth−23% · Bottom 25%
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity1.10× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/B0.19× · Cheapest 25%
P/S (TTM)0.05× · Cheapest 25%
P/FCF0.7× · Cheaper than median
EV/EBITDA1.3× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 38
PAST (return on equity)0· sector 26
HEALTH (low debt)45· sector 95
DIVIDEND (yield)8· sector 25
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). "United Recommend International Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/5321.TWO
Frequently asked questions
Is United Recommend International Co Ltd (5321) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 27.08 TWD versus a price of 69.70 TWD, about −61% upside (overvalued).
What is the fair value of 5321?
Our model-based fair value for United Recommend International Co Ltd is 27.08 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 69.70 TWD.
What is the quality score of 5321?
United Recommend International Co Ltd has a Quality Score of 37/100. 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 United Recommend International Co Ltd (5321)?
Our model-based price target is the fair value of 27.08 TWD (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 27.08 TWD, optimistic scenario 41.49 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the United Recommend International Co Ltd stock forecast for 2026?
Our models put fair value at 27.08 TWD, about −61% upside versus a price of 69.70 TWD (overvalued). Cautious scenario 27.08 TWD, optimistic scenario 41.49 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of United Recommend International Co Ltd (5321)?
United Recommend International Co Ltd reported trailing-twelve-month revenue of about 2.7B TWD (latest available figure, as of Sep 24, 2026).
Does United Recommend International Co Ltd pay a dividend?
United Recommend International Co Ltd currently shows a dividend yield of about 0.40% relative to its recent price (as of Sep 24, 2026).
What growth is priced into United Recommend International Co Ltd (5321)?
For today's price to be fair in a discounted-cash-flow model, United Recommend International Co Ltd would have to grow free cash flow by +21.2 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 5321 use?
Our models discount United Recommend International Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.47, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For United Recommend International Co Ltd that is +21.2 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has United Recommend International Co Ltd (5321) delivered so far?
Over the past 5 years revenue at United Recommend International Co Ltd grew +6.5 % a year. The price currently implies +21.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of United Recommend International Co Ltd (5321) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into United Recommend International Co Ltd (+21.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of United Recommend International Co Ltd (5321)?
The free-cash-flow yield on the price is 5.12 %: that much free cash flow United Recommend International Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of United Recommend International Co Ltd (5321)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For United Recommend International Co Ltd it is 27.08 TWD per share (as of Sep 24, 2026), against a price of 69.70 TWD. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is United Recommend International Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 5321 trades above its calculated fair value: price 69.70 TWD, fair value 27.08 TWD, a gap of about −61% (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 5321?
No. The price is what the market pays today (69.70 TWD); the fair value is what the company's own numbers justify (27.08 TWD). For United Recommend International Co Ltd the two are 42.62 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is United Recommend International Co Ltd worth?
The market values United Recommend International Co Ltd at about 4.5B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 69.70 TWD; our models calculate a fair value of 27.08 TWD per share.
What do the bullish and bearish scenarios say about 5321?
Our models span a range for United Recommend International Co Ltd: cautious scenario 27.08 TWD, base 27.08 TWD, optimistic 41.49 TWD per share (as of Sep 24, 2026, price 69.70 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of United Recommend International Co Ltd (5321)?
Balance-sheet figures for United Recommend International Co Ltd (as of Sep 24, 2026): return on equity −15.8%, debt of 1.10 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 5321 from its 52-week high?
United Recommend International Co Ltd trades at 69.70 TWD, about 20% below its 52-week high of 86.70 TWD and 222% above the low of 21.65 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 27.08 TWD is for.
Which stocks are comparable to United Recommend International Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 United Recommend International Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 69.70 TWD, calculated fair value 27.08 TWD (−61%), Quality Score 37/100, from 14 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 5321 calculated?
We run United Recommend International Co Ltd through 14 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 27.08 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 14.0 % above its aggregate fair value. United Recommend International Co Ltd 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 United Recommend International Co Ltd (5321)?
The closing price on Sep 24, 2026 was 69.70 TWD. Our model-based fair value is 27.08 TWD, about −61% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with United Recommend International Co Ltd right now?
The price sits above even our optimistic bull case (41.49 TWD). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of United Recommend International Co Ltd
How large is the market capitalisation of United Recommend International Co Ltd (5321)?
The market capitalisation of United Recommend International Co Ltd is 4.5B TWD (≈ $142M). 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 United Recommend International Co Ltd (5321)?
The price-to-sales ratio of United Recommend International Co Ltd is 1.69 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of United Recommend International Co Ltd (5321)?
Earnings per share at United Recommend International Co Ltd are −3.29 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of United Recommend International Co Ltd (5321)?
The dividend yield of United Recommend International Co Ltd is 0.4%. 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 United Recommend International Co Ltd (5321)?
The net margin of United Recommend International Co Ltd is −0.5% (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 United Recommend International Co Ltd (5321)?
The return on equity (ROE) of United Recommend International Co Ltd is −15.8% (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 United Recommend International Co Ltd (5321)?
On an EBIT basis the return on assets of United Recommend International Co Ltd is 5.6% (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 United Recommend International Co Ltd (5321)?
The operating margin of United Recommend International Co Ltd is −5.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at United Recommend International Co Ltd (5321)?
Revenue at United Recommend International Co Ltd is growing −22.5% versus a year earlier (3y avg −3.6%). 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 United Recommend International Co Ltd (5321)?
Earnings per share at United Recommend International Co Ltd are growing −98.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does United Recommend International Co Ltd (5321) carry?
The net debt of United Recommend International Co Ltd is 1.6B TWD (fiscal year 2025, ≈ 8.5 yrs of FCF). 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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