Phoenix Tours International Inc (5706) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Phoenix Tours International Inc stock TWD 28.21, price TWD 40.30, that is 30.0% below the price, quality 57 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 24.47 TWD – 89.83 TWD · fair‑value band 19.46 TWD – 41.32 TWD · the 40.30 TWD price screens above the 28.21 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
Follow Phoenix Tours International in your weekly email
Every Wednesday you see whether Phoenix Tours International is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Show moreShow less
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.
Stock analysis
Phoenix Tours International Inc (5706) currently trades at 40.30 TWD, while our model-based Fair Value estimate is 28.21 TWD, 30% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 57.06 TWD per share, and 6 of the 24 models we run sit above the 40.30 TWD price.
Bear case: the Asset-Based group reads lowest at 7.22 TWD, and 18 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 19.46 TWD (bear) to 41.32 TWD (bull), the price of 40.30 TWD sits inside 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 57/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2021: revenue and profit before it include the divested business. Growth is measured afresh from 2021.
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.
Key figures
Market cap 3.4B TWD (≈ $103M) Micro · P/E ratio 10.4 · P/S ratio 1.10 · EPS (TTM) 3.86 TWD · Dividend yield 11.2% · Net margin 10.7% · Return on equity 18.8% · Return on assets (EBIT) 3.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 13% fair-value upside, at −30%, 5706 screens richer than that median.
Fair Value models
Bear19.46 TWDFair Value 28.21 TWDBull41.32 TWD
Price 40.30 TWD · Downside -30.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.55/100
Spin-off in 2021: revenue and profit before it include the divested business. Growth is measured afresh from 2021.
Revenue growth 1 year
−0.3%
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.
+149.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +41.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +29.8%
Dividend (yield on the price)11.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 29.8% / 6.0%
Profit margin 2020 to 2025 ⓘ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.7% → 7%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.92 per share, median 1.87 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
Little optimism in the price
The price assumes less 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).
+18.0%
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 +16.2% a year for the price.
Compare Phoenix Tours International Inc with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Travel Services · 86 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−29.3% · Below median
Profitability
Return on equity (12 months)18.8% · Above median
Return on assets8.8% · Top 25%
Net margin (12 months)10.7% · Above median
Operating margin (12 months)3.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)−9.2% · Below median
Dividend yield (12 months)11.2% · Top 25%
Valuation Multiplesvs Travel Services median · lower = cheaper
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). "Phoenix Tours International Inc Fair Value". https://www.fairvalue-calculator.com/stock/5706
Frequently asked questions
Is Phoenix Tours International Inc (5706) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 28.21 TWD versus a price of 40.30 TWD, about 30% lower (overvalued).
What is the fair value of 5706?
Our model-based fair value for Phoenix Tours International Inc is 28.21 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 40.30 TWD.
What is the quality score of 5706?
Phoenix Tours International Inc has a Quality Score of 57/100. 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 Phoenix Tours International Inc (5706)?
Our model-based price target is the fair value of 28.21 TWD (as of Nov 6, 2026) from 24 valuation models. Cautious scenario 19.46 TWD, optimistic scenario 41.32 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Phoenix Tours International Inc stock forecast for 2026?
Our models put fair value at 28.21 TWD, about 30% lower versus a price of 40.30 TWD (overvalued). Cautious scenario 19.46 TWD, optimistic scenario 41.32 TWD. The calculation is refreshed regularly with new filings.
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 Nov 6, 2026).
Does Phoenix Tours International Inc pay a dividend?
Phoenix Tours International Inc currently shows a dividend yield of 11.17% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Phoenix Tours International Inc (5706) and when is the ex-dividend date?
Phoenix Tours International Inc pays a dividend of 4.50 TWD per share a year, a dividend yield of 11.2%. The last ex-dividend date was Jun 29, 2026. A dividend has been paid every year since 2005. The payout ratio is 117% of earnings. Free cash flow covers the dividend 0.26 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into Phoenix Tours International Inc (5706)?
For today's price to be fair in a discounted-cash-flow model, Phoenix Tours International Inc would have to grow free cash flow by +18.0 % 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 +45.0 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 5706 use?
Our models discount Phoenix Tours International Inc at 11.8 %: a base by market capitalisation (micro), damped by beta 0.10, 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 Phoenix Tours International Inc that is +18.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Phoenix Tours International Inc (5706) delivered so far?
Over the past 5 years revenue at Phoenix Tours International Inc grew +45.0 % a year. The price currently implies free-cash-flow growth of +18.0 % per 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 Phoenix Tours International Inc (5706) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Phoenix Tours International Inc (+18.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Phoenix Tours International Inc (5706)?
The free-cash-flow yield on the price is 2.91 %: that much free cash flow Phoenix Tours International Inc 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 Phoenix Tours International Inc (5706)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Phoenix Tours International Inc it is 28.21 TWD per share (as of Nov 6, 2026), against a price of 40.30 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Phoenix Tours International Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 5706 trades above its calculated fair value: price 40.30 TWD, fair value 28.21 TWD, a gap of about −30% (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 5706?
No. The price is what the market pays today (40.30 TWD); the fair value is what the company's own numbers justify (28.21 TWD). For Phoenix Tours International Inc the two are 12.09 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Phoenix Tours International Inc worth?
The market values Phoenix Tours International Inc at about 3.4B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 40.30 TWD; our models calculate a fair value of 28.21 TWD per share.
What do the bullish and bearish scenarios say about 5706?
Our models span a range for Phoenix Tours International Inc: cautious scenario 19.46 TWD, base 28.21 TWD, optimistic 41.32 TWD per share (as of Nov 6, 2026, price 40.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5706?
Phoenix Tours International Inc trades at a price-to-earnings ratio of 10.4 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 28.21 TWD is built from several models across several years. Other multiples: P/B 1.8, P/S 1.1, EV/EBITDA 14.3.
How solid is the balance sheet of Phoenix Tours International Inc (5706)?
Balance-sheet figures for Phoenix Tours International Inc (as of Nov 6, 2026): return on equity 18.8%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 5706 from its 52-week high?
Phoenix Tours International Inc trades at 40.30 TWD, about 23% below its 52-week high of 52.16 TWD and 1% above the low of 39.90 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 28.21 TWD is for.
Which stocks are comparable to Phoenix Tours International Inc?
From the same area (Consumer Cyclical) we also value Booking Holdings, Airbnb, Inc, Royal Caribbean Cruises Ltd, Viking Holdings, 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 Phoenix Tours International Inc stock attractive at the current price?
The data as of Nov 6, 2026: price 40.30 TWD, calculated fair value 28.21 TWD (−30%), Quality Score 57/100, from 24 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 5706 calculated?
We run Phoenix Tours International Inc through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 28.21 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Phoenix Tours International Inc 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 Phoenix Tours International Inc (5706)?
The closing price on Nov 9, 2026 was 40.30 TWD. Our model-based fair value is 28.21 TWD, about 30% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Phoenix Tours International Inc right now?
Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (19.46 TWD to 41.32 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Phoenix Tours International Inc (5706) come from?
Earnings per share at Phoenix Tours International Inc grew +5.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.5 %, EBIT margin +4.4 %, tax rate −0.3 %, residual (interest, one-offs) +1.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Phoenix Tours International Inc
How large is the market capitalisation of Phoenix Tours International Inc (5706)?
The market capitalisation of Phoenix Tours International Inc is 3.4B TWD (≈ $103M). 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 Phoenix Tours International Inc (5706)?
The price-to-sales ratio of Phoenix Tours International Inc is 1.10 (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 Phoenix Tours International Inc (5706)?
Earnings per share at Phoenix Tours International Inc are 3.86 TWD (price ÷ EPS = P/E 10.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Phoenix Tours International Inc (5706)?
The dividend yield of Phoenix Tours International Inc is 11.2% (payout 117%). 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 Phoenix Tours International Inc (5706)?
The net margin of Phoenix Tours International Inc is 10.7% (last twelve months). 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 Phoenix Tours International Inc (5706)?
The return on equity (ROE) of Phoenix Tours International Inc is 18.8% (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 Phoenix Tours International Inc (5706)?
On an EBIT basis the return on assets of Phoenix Tours International Inc is 3.4% (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 Phoenix Tours International Inc (5706)?
The operating margin of Phoenix Tours International Inc is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Phoenix Tours International Inc (5706)?
Revenue at Phoenix Tours International Inc is growing −9.2% versus a year earlier (3y avg +149%). 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 Phoenix Tours International Inc (5706)?
Earnings per share at Phoenix Tours International Inc are growing +42.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Phoenix Tours International Inc (5706) carry?
The net debt of Phoenix Tours International Inc is 440M TWD (fiscal year 2025, ≈ 4.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Phoenix Tours International Inc in the live analysis
One click puts Phoenix Tours International Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 6, 2026