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Phoenix Tours International, Inc (5706) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 3.8B TWD

PT Phoenix Tours International, Inc 5706 · TW
Price45.60 TWD
Fair Value44.93 TWD
Upside-1.5%
Quality54/100
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Mixed Growth
Thin margins · 9.5% net margin
Low debt · generates free cash flow
9.81% dividend yield
Ranks above peers (11/14)
Moderate moat 48/100
Evidence: High Range 28.58 TWD – 67.00 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Share price −3.4% 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 (28.58 TWD to 67.00 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

507.50 TWD 20.37 TWD Fair Value 44.93 TWD Mar 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 20.37 TWD – 507.50 TWD · fair‑value band 28.58 TWD – 67.00 TWD · the 45.60 TWD price screens above the 44.93 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Phoenix Tours International, Inc (5706) currently trades at 45.60 TWD, while our model-based Fair Value estimate is 44.93 TWD, implying the stock looks roughly 1.5% fairly valued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Cyclical 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, Phoenix Tours International, Inc generated revenue of 3.1B TWD at a net margin of 9.5%. Revenue declined 0.3% year over year. It earns a return on equity of 15.6%. Net debt stands at 440M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 28.58 TWD (bear case) to 67.00 TWD (bull case); at 45.60 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 23% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -16% fair-value upside, at -1%, 5706 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
Growth DCF 19.78 TWD 35.59 TWD 61.06 TWD 80
Residual Income 22.51 TWD 27.64 TWD 53.69 TWD 76
Rev-Margin DCF 29.14 TWD 54.97 TWD 106.81 TWD 74
All 26 models by family
DCF Models
FCF DCF 20.92 TWD 30.97 TWD 62.32 TWD 38
Owner Earnings 34.33 TWD 73.30 TWD 152.10 TWD 31
5Y Revenue Exit 27.32 TWD 48.39 TWD 92.74 TWD 39
5Y EBITDA Exit 27.78 TWD 49.33 TWD 91.65 TWD 41
5Y P/E Exit 49.45 TWD 117.04 TWD 210.75 TWD 38
10Y Revenue Exit 24.68 TWD 57.63 TWD 80.53 TWD 36
10Y EBITDA Exit 26.09 TWD 58.61 TWD 116.36 TWD 37
10Y P/E Exit 41.55 TWD 104.19 TWD 210.77 TWD 35
Earnings-Based
Graham-Dodd 23.35 TWD 162.85 TWD 228.53 TWD 54
Lynch FV 73.44 TWD 104.91 TWD 136.38 TWD 50
PEG = 1.0 73.44 TWD 104.91 TWD 136.38 TWD 46
EPV 20.65 TWD 23.55 TWD 26.05 TWD 59
Dividend Discount
Gordon GGM 23.32 TWD 46.46 TWD 70.35 TWD 70
DDM Multi-Stage 23.32 TWD 40.15 TWD 49.04 TWD 61
Multiples
P/E Multiple 56.66 TWD 75.55 TWD 94.44 TWD 63
P/S Multiple 33.69 TWD 44.93 TWD 56.16 TWD 58
P/B Multiple 43.78 TWD 58.38 TWD 72.97 TWD 55
EV/EBIT 39.24 TWD 51.56 TWD 63.88 TWD 53
EV/EBITDA 29.60 TWD 38.70 TWD 47.81 TWD 54
EV/Revenue 27.19 TWD 37.87 TWD 48.55 TWD 43
Asset-Based
NCAV (Graham) 11.41 TWD 15.28 TWD 22.81 TWD 50
Growth DCF
Growth DCF 19.78 TWD 35.59 TWD 61.06 TWD 80
Rev-Margin DCF 29.14 TWD 54.97 TWD 106.81 TWD 74
Economic Profit
Residual Income 22.51 TWD 27.64 TWD 53.69 TWD 76
ROIC Compounder 20.65 TWD 24.70 TWD 31.57 TWD 72
Growth Earnings
Growth-Adj P/E 100.17 TWD 143.10 TWD 186.03 TWD 68

Widest divergence: Growth Earnings (143.10 TWD) versus Asset-Based (15.28 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.1B TWD
Revenue growth (YoY) -0.3%
Net margin 9.5%
Return on equity 15.6%
Free cash flow 98.1M TWD FY2025
P/E ratio 13.4
More key figures
Operating margin 7.3%
EPS (TTM) 3.38 TWD
Dividend yield 9.8%
EPS growth (YoY) +26.4%
Net debt 440M TWD FY2025

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 50

Profitability 51
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 78
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

Phoenix Tours International, Inc. provides travel agency services in Taiwan. It operates through four segments: Group Travel Department, Domestic Transportation Department, Air Passenger and Freight Forwarding Department, and Ticketing and Other Departments.

Full company description

Phoenix Tours International, Inc. provides travel agency services in Taiwan. It operates through four segments: Group Travel Department, Domestic Transportation Department, Air Passenger and Freight Forwarding Department, and Ticketing and Other Departments. The company offers tour packages, independent travel groups, domestic and overseas sightseeing tours, meals, and accommodation and related services; and tour bus rental services. It also provides tour guides to travelers; sell domestic and overseas transportation tickets as a commissioned agent; purchase domestic and overseas tickets on behalf of customer; and check-in luggage and process entry-exit visa procedures on behalf of customers. In addition, the company engages in acting as an agent of airline businesses; air freight forwarder, publishing, market management and hotel, and tourist bus transportation businesses; provision of sports training and data processing services. Further, it provides market management, cruise tours, travel safety insurance, and consulting services; and handling of related travel documentation and licenses. Phoenix Tours International, Inc. was founded in 1957 and is based in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Phoenix Tours International, Inc reported revenue of 3.1B TWD in FY2025 versus 150M TWD in FY2021, a compound +113.9%/yr. Reported net income was 288M TWD in FY2025, compounding +38.7%/yr from FY2021.

Growth Quality 75/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.1B TWD
Latest YoY
−0.3%
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.
+149.2%
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.
+45.0%
Avg. growth/yr (23Y) 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.
+13.7%
Revenue +113.9%/yr
FY21 150M TWD
FY22 203M TWD
FY23 2.2B TWD
FY24 3.1B TWD
FY25 3.1B TWD
Net income +38.7%/yr
FY21 77.7M TWD
FY22 −31.7M TWD
FY23 178M TWD
FY24 302M TWD
FY25 288M TWD
Character of growth · EPS growth decomposed (2014-2025) +5.9 % p.a.
Revenue per share +0.5 pp

of which total revenue −0.3 pp · buybacks/dilution +0.7 pp

EBIT margin +4.4 pp
Tax rate −0.3 pp
Residual (interest, one-offs) +1.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Phoenix Tours International, Inc Fair Value". https://www.fairvalue-calculator.com/stock/5706

Peer Group

Travel Services · 90 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 54 · Above median
Fair Value upside −2% · Above median
Return on equity (TTM) 16% · Above median
Return on assets 4% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth -0% · Below median
Dividend yield (TTM) 9.8% · Top 25%

Valuation Multiples vs Travel Services median · lower = cheaper

P/E (TTM) 13.4× · Cheaper than median
P/B 1.99× · Cheaper than median
P/S (TTM) 1.21× · Pricier than median
P/FCF 1.2× · Cheaper than median
EV/EBITDA 14.1× · 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 31 · sector 19
FUTURE 0 · sector 25
PAST 62 · sector 36
HEALTH 100 · sector 97
DIVIDEND 100 · sector 36

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 Travel Services stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Booking Holdings BKNG $182.80 $152.94 -16%
Airbnb, Inc ABNB $148.62 $57.47 -61%
Royal Caribbean Cruises Ltd RCL $286.96 $215.19 -25%
Viking Holdings VIK $100.69 $43.51 -57%
Carnival Corporation CCL $26.41 $31.36 +19%
Expedia Group EXPE $268.77 $248.63 -7%
Trip.com Group TCOM $42.45 $88.82 +109%
Norwegian Cruise Line Holdings NCLH $19.46 $20.28 +4%
Global Business Travel Group GBTG $9.40 $4.17 -56%
Travel + Leisure Co TNL $73.27 $27.29 -63%

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Frequently asked questions

Is Phoenix Tours International, Inc (5706) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 44.93 TWD versus a price of 45.60 TWD, about −1% (fairly valued).
What is the fair value of 5706?
Our model-based fair value for Phoenix Tours International, Inc is 44.93 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 45.60 TWD.
What is the quality score of 5706?
Phoenix Tours International, Inc has a Quality Score of 54/100. 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 Phoenix Tours International, Inc (5706)?
Phoenix Tours International, Inc reported trailing-twelve-month revenue of about 3.1B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 5706?
The net profit margin of Phoenix Tours International, Inc is about 9.5%, meaning it keeps roughly 9.5% of revenue as net income. Based on the latest reported figures.
Does Phoenix Tours International, Inc pay a dividend?
Phoenix Tours International, Inc currently shows a dividend yield of about 8.62% 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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