In Win Development Inc (6117) Fair Value & Analysis
Technology · TW · Market cap 6.2B TWD
Fair value as of: Jul 21, 2026
From 14 valuation models · updated 20 days ago
Share price −8.4% over the past month.
Below-average quality, and screening another 13% overvalued on our models.
What matters now
- A fairly wide model range (40.44 TWD to 75.10 TWD) leaves room in how you read the outcome.
- Our model range runs from 40.44 TWD (bear) to 75.10 TWD (bull), base 57.77 TWD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 38/100 (below-average quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
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 11.95 TWD – 157.50 TWD · fair‑value band 40.44 TWD – 75.10 TWD · the 66.30 TWD price screens above the 57.77 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
In Win Development Inc (6117) currently trades at 66.30 TWD, while our model-based Fair Value estimate is 57.77 TWD, implying the stock looks roughly 12.9% overvalued today. The Quality Score stands at 38/100 (below-average 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: medium).
Over the trailing twelve months, In Win Development Inc generated revenue of 3.4B TWD at a net margin of 12.6%. Revenue grew 21.2% year over year. It earns a return on equity of 19.7%. Net debt stands at 2.0B TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 40.44 TWD (bear case) to 75.10 TWD (bull case); at 66.30 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 39% below its 52-week high and 3% 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 -13%, 6117 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.
All 14 models by family
Widest divergence: Multiples (63.56 TWD) versus Asset-Based (16.06 TWD). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 28
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
In Win Development Inc. engages in processing, manufacturing, and trading of computer and peripheral equipment, and plastic products in Europe, the United States, Japan, Taiwan, and internationally.
Full company description
In Win Development Inc. engages in processing, manufacturing, and trading of computer and peripheral equipment, and plastic products in Europe, the United States, Japan, Taiwan, and internationally. The company offers gaming and computer chassis, gaming and PC power supplies, IPC/servers, and cooling fans, as well as full, mid, mini, and micro tower chassis products. It also engages in the manufacturing, baking, and trading of mechanical hardware parts; cloud platform construction planning with software deployment; and business promotion activities. In Win Development Inc. was incorporated in 1985 and is based in Taoyuan City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
In Win Development Inc reported revenue of 3.2B TWD in FY2025 versus 2.3B TWD in FY2021, a compound +8.7%/yr. Reported net income was 346M TWD in FY2025.
6117 screens 13% overvalued. Compare with Compal Electronics, Inc →
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.
Valuation Multiples vs Computer Hardware median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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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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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