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Leo Systems, Inc (5410) Fair Value & Analysis

Technology · TW · Market cap 3.4B TWD

LS Leo Systems, Inc 5410 · TWO
Price34.20 TWD
Fair Value39.69 TWD
Upside+16.1%
Quality69/100
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Healthy Growth
Thin margins · 6.2% net margin
generates free cash flow
5.83% dividend yield
Ranks above peers (12/13)
Moderate moat 48/100
Evidence: High Range 29.77 TWD – 49.61 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price −23.1% over the past month.

A solid business, screening 16% undervalued on our models.

What matters now

  • Our model range runs from 29.77 TWD (bear) to 49.61 TWD (bull), base 39.69 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 69/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

48.00 TWD 17.41 TWD Fair Value 39.69 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 17.41 TWD – 48.00 TWD · fair‑value band 29.77 TWD – 49.61 TWD · the 34.20 TWD price screens below the 39.69 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Leo Systems, Inc (5410) currently trades at 34.20 TWD, while our model-based Fair Value estimate is 39.69 TWD, implying the stock looks roughly 16.1% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Leo Systems, Inc generated revenue of 4.7B TWD at a net margin of 6.2%. Revenue grew 21.1% year over year. It earns a return on equity of 18.2%. Net debt stands at 962M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 29.77 TWD (bear case) to 49.61 TWD (bull case); at 34.20 TWD, the current price sits within 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 28% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 16%, 5410 screens cheaper 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 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
Residual Income 16.20 TWD 19.47 TWD 36.47 TWD 76
Growth DCF 54.24 TWD 78.73 TWD 115.98 TWD 72
Gordon GGM 13.07 TWD 26.03 TWD 39.42 TWD 70
All 26 models by family
DCF Models
FCF DCF 54.08 TWD 79.72 TWD 119.51 TWD 38
Owner Earnings 40.07 TWD 56.96 TWD 83.17 TWD 31
5Y Revenue Exit 41.10 TWD 56.29 TWD 75.68 TWD 39
5Y EBITDA Exit 42.59 TWD 59.20 TWD 78.75 TWD 41
5Y P/E Exit 47.89 TWD 69.53 TWD 92.90 TWD 38
10Y Revenue Exit 44.76 TWD 59.98 TWD 80.81 TWD 36
10Y EBITDA Exit 46.38 TWD 62.00 TWD 83.18 TWD 37
10Y P/E Exit 49.74 TWD 69.18 TWD 94.17 TWD 35
Earnings-Based
Graham-Dodd 15.88 TWD 59.81 TWD 80.92 TWD 54
Lynch FV 14.46 TWD 20.66 TWD 26.86 TWD 50
PEG = 1.0 14.46 TWD 20.66 TWD 26.86 TWD 46
EPV 30.89 TWD 33.71 TWD 36.15 TWD 59
Dividend Discount
Gordon GGM 13.07 TWD 26.03 TWD 39.42 TWD 70
DDM Multi-Stage 13.07 TWD 22.50 TWD 27.48 TWD 61
Multiples
P/E Multiple 35.02 TWD 46.69 TWD 58.36 TWD 63
P/S Multiple 29.77 TWD 39.69 TWD 49.61 TWD 58
P/B Multiple 29.77 TWD 39.69 TWD 49.61 TWD 55
EV/EBIT 45.46 TWD 56.28 TWD 67.10 TWD 53
EV/EBITDA 38.99 TWD 47.65 TWD 56.31 TWD 54
EV/Revenue 34.88 TWD 44.26 TWD 53.63 TWD 43
Asset-Based
NCAV (Graham) 8.46 TWD 11.33 TWD 16.91 TWD 50
Growth DCF
Growth DCF 54.24 TWD 78.73 TWD 115.98 TWD 72
Rev-Margin DCF 41.10 TWD 56.49 TWD 75.25 TWD 67
Economic Profit
Residual Income 16.20 TWD 19.47 TWD 36.47 TWD 76
ROIC Compounder 32.07 TWD 36.52 TWD 41.37 TWD 67
Growth Earnings
Growth-Adj P/E 25.80 TWD 36.86 TWD 47.92 TWD 68

Widest divergence: DCF Models (59.98 TWD) versus Asset-Based (11.33 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 4.7B TWD
Revenue growth (YoY) +21.1%
Net margin 6.2%
Return on equity 18.2%
Free cash flow 332M TWD FY2025
P/E ratio 15.9
More key figures
Operating margin 10.3%
EPS (TTM) 2.31 TWD
Dividend yield 5.8%
EPS growth (YoY) +126%
Net debt 962M TWD FY2024

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 67 · Market factors (momentum, volatility) 61

Profitability 49
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 74
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

Leo Systems, Inc. engages in the sale of information hardware and software products, software planning and design, and computer hardware maintenance services in Taiwan.

Full company description

Leo Systems, Inc. engages in the sale of information hardware and software products, software planning and design, and computer hardware maintenance services in Taiwan. The company provides technology applications, such as AI, 5G, and AIoT applications; digital transformation services comprising system integration, cloud-based office tools, information security, access control and security management, information product sales, AI- one stop, maintenance services; smart enterprise, education, and manufacturing services. It also offers multimedia audio-visual integrated marketing solutions, global online and yahoo keyword advertising marketing, integrated marketing, and information services. In addition, the company provides investment business services; personal computer sales; electrical appliances and electronics; sub-materials retail and wholesale; and computer system design services. Further, it offers data centers, and computerization and automation in the financial industry, as well as value-added services, such as enterprise resource planning consulting, ICT consulting, and IT outsourcing services. Leo Systems, Inc. was incorporated in 1985 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Leo Systems, Inc reported revenue of 4.4B TWD in FY2025 versus 3.6B TWD in FY2021, a compound +5.1%/yr. Reported net income was 215M TWD in FY2025, compounding +3.6%/yr from FY2021.

Growth Quality 67/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.4B TWD
Latest YoY
+12.6%
Avg. 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.
−12.9%
Avg. 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. 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.
+5.7%
Revenue +5.1%/yr
FY21 3.6B TWD
FY22 6.6B TWD
FY23 3.5B TWD
FY24 3.9B TWD
FY25 4.4B TWD
Net income +3.6%/yr
FY21 186M TWD
FY22 285M TWD
FY23 188M TWD
FY24 146M TWD
FY25 215M TWD

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Cite: Fair Value Calculator (2026). "Leo Systems, Inc Fair Value". https://www.fairvalue-calculator.com/stock/5410

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 69 · Top 25%
Fair Value upside +16% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 10% · Top 25%
Revenue growth 21% · Above median
Dividend yield (TTM) 5.8% · Top 25%

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 15.9× · Cheaper than 75% of peers
P/B 2.18× · Pricier than median
P/S (TTM) 0.73× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 6.7× · Cheaper than 75% of peers

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 55 · sector 0
FUTURE 100 · sector 57
PAST 73 · sector 26
HEALTH 0 · sector 97
DIVIDEND 100 · sector 44

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 21, 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 Leo Systems, Inc (5410) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 39.69 TWD versus a price of 34.20 TWD, about +16% (undervalued).
What is the fair value of 5410?
Our model-based fair value for Leo Systems, Inc is 39.69 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 34.20 TWD.
What is the quality score of 5410?
Leo Systems, Inc has a Quality Score of 69/100. 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 Leo Systems, Inc (5410)?
Leo Systems, Inc reported trailing-twelve-month revenue of about 4.7B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 5410?
The net profit margin of Leo Systems, Inc is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.
Does Leo Systems, Inc pay a dividend?
Leo Systems, Inc currently shows a dividend yield of about 4.76% relative to its recent price (as of Jul 21, 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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