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Kwan's International Co (6101) Fair Value & Analysis

Technology · TW · Market cap 4.6B TWD

KS Kwan's International Co 6101 · TWO
Price35.90 TWD
Fair Value7.44 TWD
Upside-79.3%
Quality54/100
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Mixed Growth
Thin margins · 5.2% net margin
Low debt · negative free cash flow
Ranks above peers (8/10)
Narrow moat 36/100
Evidence: Low Range 6.15 TWD – 8.73 TWD Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated today

Share price −9.1% over the past month.

A solid business, but screening 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (8.73 TWD). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

51.41 TWD 18.03 TWD Fair Value 7.44 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 18.03 TWD – 51.41 TWD · fair‑value band 6.15 TWD – 8.73 TWD · the 35.90 TWD price screens above the 7.44 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Kwan's International Co (6101) currently trades at 35.90 TWD, while our model-based Fair Value estimate is 7.44 TWD, implying the stock looks roughly 79.3% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Technology 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: low).

Over the trailing twelve months, Kwan's International Co generated revenue of 1.5B TWD at a net margin of 5.2%. It earns a return on equity of 6.5%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 6.15 TWD (bear case) to 8.73 TWD (bull case); at 35.90 TWD, the current price sits above 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 15% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -79%, 6101 screens richer 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
EV/EBITDA 6.15 TWD 7.44 TWD 8.73 TWD 54
NCAV (Graham) 4.94 TWD 6.62 TWD 9.87 TWD 50
All 2 models by family
Multiples
EV/EBITDA 6.15 TWD 7.44 TWD 8.73 TWD 54
Asset-Based
NCAV (Graham) 4.94 TWD 6.62 TWD 9.87 TWD 50

Widest divergence: Multiples (7.44 TWD) versus Asset-Based (6.62 TWD). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 1.5B TWD
Revenue growth (YoY) +564%
Net margin 5.2%
Return on equity 6.5%
Free cash flow −10.6M TWD FY2025
Operating margin 14.2%
More key figures
EPS (TTM) -0.1900 TWD
EPS growth (YoY) +2,802%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 52 · Market factors (momentum, volatility) 44

Profitability 17
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 81
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

Kwan's International Co., Ltd., together with its subsidiaries, operates in the film and television industry. The company engages in the concert production; film production and distribution; manager/advertising agency; music composition and song production; music tape and record planning and outsourcing production; music video production and sales business; …

Full company description

Kwan's International Co., Ltd., together with its subsidiaries, operates in the film and television industry. The company engages in the concert production; film production and distribution; manager/advertising agency; music composition and song production; music tape and record planning and outsourcing production; music video production and sales business; distribution and sale of music tapes and laser discs; advertising agency business; import and export trade; performing arts agency; concert production and sale; 3D and print advertising; provision of artist training courses; press conferences and promotional events; and event creative ideas, performance design, and planning activities. It also manufactures, processes, and sells printed circuit boards and insulating board products; and offers general advertising, and arts and cultural services. In addition, the company is involved in the wholesale and retail of cultural and educational, musical instruments, and educational supplies; publishing of magazines, books, and audiobooks; performing of arts activities; broadcasting of video program tape; and wholesale and rental of building materials. The company was formerly known as Victory Circuit Co., Ltd. and changed its name to Kwan's International Co., Ltd. in August 2017. Kwan's International Co., Ltd. was founded in 1978 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kwan's International Co reported revenue of 1,000M TWD in FY2025 versus 19.3M TWD in FY2021, a compound +168.3%/yr. Reported net income was −21.4M TWD in FY2025.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1,000M TWD
Latest YoY
+43.0%
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.
+161.4%
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.
+75.0%
Revenue +168.3%/yr
FY21 19.3M TWD
FY22 56.0M TWD
FY23 672M TWD
FY24 699M TWD
FY25 1,000M TWD
Net income
FY21 −71.7M TWD
FY22 −39.7M TWD
FY23 62.5M TWD
FY24 31.9M TWD
FY25 −21.4M TWD

6101 screens 79% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Kwan's International Co Fair Value". https://www.fairvalue-calculator.com/stock/6101

Peer Group

Electronic Components · 647 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 52 · Below median
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 14% · Top 25%
Revenue growth 564% · Top 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.09× · 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 0 · sector 0
FUTURE 100 · sector 36
PAST 26 · sector 24
HEALTH 100 · sector 95
DIVIDEND 0 · sector 24

VALUE 0: the price sits above our fair-value range.

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,790 TWD 602.37 TWD -66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 -31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW -88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 -90%
Shengyi Technology Co 600183 ¥143.23 ¥36.30 -75%
Shennan Circuits Co 002916 ¥385.80 ¥125.52 -67%
Victory Giant Technology (HuiZhou) Co 2476 HK$238.60 HK$75.68 -68%
Kingboard Laminates Holdings 1888 HK$38.70 HK$8.95 -77%
Asia Vital Components Co 3017 2,910 TWD 1,369 TWD -53%
Nan Ya Printed Circuit Board Corporation 8046 1,215 TWD 1,768 TWD +46%

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Frequently asked questions

Is Kwan's International Co (6101) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 7.44 TWD versus a price of 35.90 TWD, about −79% (overvalued).
What is the fair value of 6101?
Our model-based fair value for Kwan's International Co is 7.44 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 35.90 TWD.
What is the quality score of 6101?
Kwan's International Co 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 Kwan's International Co (6101)?
Kwan's International Co reported trailing-twelve-month revenue of about 1.5B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6101?
The net profit margin of Kwan's International Co is about 5.2%, meaning it keeps roughly 5.2% of revenue as net income. Based on the latest reported figures.

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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