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Loyalty Founder Enterprise Co (5465) Fair Value & Analysis

Technology · TW · Market cap 3.3B TWD

LF Loyalty Founder Enterprise Co 5465 · TWO
Price21.60 TWD
Fair Value23.69 TWD
Upside+9.7%
Quality51/100
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Mixed Growth
Thin margins · 3.1% net margin
negative free cash flow
5.33% dividend yield
Ranks above peers (8/12)
Narrow moat 33/100
Evidence: Medium Range 16.58 TWD – 30.80 TWD Share as image

Fair value as of: Jul 23, 2026

From 15 valuation models · updated 18 days ago

Share price −8.9% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (16.58 TWD to 30.80 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

61.34 TWD 13.05 TWD Fair Value 23.69 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 13.05 TWD – 61.34 TWD · fair‑value band 16.58 TWD – 30.80 TWD · the 21.60 TWD price screens below the 23.69 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Loyalty Founder Enterprise Co (5465) currently trades at 21.60 TWD, while our model-based Fair Value estimate is 23.69 TWD, implying the stock looks roughly 9.7% fairly valued today. The Quality Score stands at 51/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Loyalty Founder Enterprise Co generated revenue of 5.0B TWD at a net margin of 3.1%. Revenue declined 31.6% year over year. It earns a return on equity of 5.8%. Net debt stands at 547M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 16.58 TWD (bear case) to 30.80 TWD (bull case); at 21.60 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 53% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 10%, 5465 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 13.31 TWD 14.16 TWD 15.62 TWD 76
Growth-Adj P/E 16.58 TWD 23.69 TWD 30.80 TWD 68
ROIC Compounder 24.68 TWD 32.37 TWD 42.58 TWD 67
All 15 models by family
DCF Models
Owner Earnings 18.78 TWD 31.61 TWD 53.03 TWD 31
Earnings-Based
Graham-Dodd 8.75 TWD 40.46 TWD 55.56 TWD 54
Lynch FV 10.65 TWD 15.22 TWD 19.78 TWD 50
PEG = 1.0 10.65 TWD 15.22 TWD 19.78 TWD 46
EPV 22.45 TWD 25.67 TWD 28.46 TWD 59
Multiples
P/E Multiple 19.31 TWD 25.75 TWD 32.19 TWD 63
P/S Multiple 16.42 TWD 21.89 TWD 27.36 TWD 58
P/B Multiple 16.42 TWD 21.89 TWD 27.36 TWD 55
EV/EBIT 35.73 TWD 46.96 TWD 58.20 TWD 53
EV/EBITDA 33.88 TWD 44.50 TWD 55.12 TWD 54
EV/Revenue 24.74 TWD 34.48 TWD 44.22 TWD 43
Asset-Based
NCAV (Graham) 8.13 TWD 10.90 TWD 16.27 TWD 50
Economic Profit
Residual Income 13.31 TWD 14.16 TWD 15.62 TWD 76
ROIC Compounder 24.68 TWD 32.37 TWD 42.58 TWD 67
Growth Earnings
Growth-Adj P/E 16.58 TWD 23.69 TWD 30.80 TWD 68

Widest divergence: DCF Models (31.61 TWD) versus Asset-Based (10.90 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 5.0B TWD
Revenue growth (YoY) -31.6%
Net margin 3.1%
Return on equity 5.8%
Free cash flow −617M TWD FY2025
P/E ratio 20.4
More key figures
Operating margin 7.2%
EPS (TTM) 1.28 TWD
Dividend yield 4.7%
EPS growth (YoY) -37.5%
Net debt 547M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 49 · Market factors (momentum, volatility) 29

Profitability 38
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 83
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

Loyalty Founder Enterprise Co.,Ltd. engages in the manufacture, processing, and sale of precision steel molds and stamping die products for computers and server chassis in Taiwan, the United States, and Mainland China. It offers data storage and processing equipment, as well as computers, server chassis, and power supplies products.

Full company description

Loyalty Founder Enterprise Co.,Ltd. engages in the manufacture, processing, and sale of precision steel molds and stamping die products for computers and server chassis in Taiwan, the United States, and Mainland China. It offers data storage and processing equipment, as well as computers, server chassis, and power supplies products. In addition, the company is involved in general investments activities; import, exports, and sale of computers, server chassis, and associated components, as well as keyboards, scanners, precision molds, and other components; and manufacture, import, and export of electronics, optoelectronic products, and precision injection parts. The company was founded in 1984 and is based in Tainan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Loyalty Founder Enterprise Co reported revenue of 5.5B TWD in FY2025 versus 5.5B TWD in FY2021, a compound −0.2%/yr. Reported net income was 190M TWD in FY2025, compounding −1.6%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
5.5B TWD
Latest YoY
+21.6%
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.
+8.4%
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.
−2.3%
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.
+15.2%
Revenue −0.2%/yr
FY21 5.5B TWD
FY22 4.3B TWD
FY23 5.4B TWD
FY24 4.5B TWD
FY25 5.5B TWD
Net income −1.6%/yr
FY21 203M TWD
FY22 299M TWD
FY23 289M TWD
FY24 269M TWD
FY25 190M TWD

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Cite: Fair Value Calculator (2026). "Loyalty Founder Enterprise Co Fair Value". https://www.fairvalue-calculator.com/stock/5465

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 51 · Below median
Fair Value upside +10% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth -32% · Bottom 25%
Dividend yield (TTM) 5.3% · Top 25%

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 17.4× · Cheaper than median
P/B 1.37× · Cheaper than median
P/S (TTM) 0.66× · Cheaper than median
EV/EBITDA 7.6× · Cheaper 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 46 · sector 0
FUTURE 0 · sector 57
PAST 23 · 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 23, 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 Loyalty Founder Enterprise Co (5465) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 23.69 TWD versus a price of 21.60 TWD, about +10% (fairly valued).
What is the fair value of 5465?
Our model-based fair value for Loyalty Founder Enterprise Co is 23.69 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 21.60 TWD.
What is the quality score of 5465?
Loyalty Founder Enterprise Co has a Quality Score of 51/100. 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 Loyalty Founder Enterprise Co (5465)?
Loyalty Founder Enterprise Co reported trailing-twelve-month revenue of about 5.0B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 5465?
The net profit margin of Loyalty Founder Enterprise Co is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does Loyalty Founder Enterprise Co pay a dividend?
Loyalty Founder Enterprise Co currently shows a dividend yield of about 4.69% relative to its recent price (as of Jul 23, 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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