Sporton International (6146) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sporton International stock TWD 172, price TWD 173, that is 0.2% below the price, quality 75 out of 100. Rating: fairly valued. 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 7, 2026.
How to read this chart
60‑month range 152.00 TWD – 282.50 TWD · fair‑value band 129.52 TWD – 223.77 TWD · the 172.50 TWD price screens above the 172.13 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Sporton International Inc. provides product testing and certification services in Taiwan and internationally. The company offers mobile device services, including design consultation, training, testing, and certification that allow its customers to acquire certificates and promote products.
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It also provides EMC compatibility, safety, radio device, cellphone handset, and NCC certification test services, as well as sells anti-magnetic components. Sporton International Inc. was founded in 1986 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Sporton International (6146) currently trades at 172.50 TWD, while our model-based Fair Value estimate is 172.13 TWD, so the stock looks roughly fairly valued today (gap 0.2%).
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Valuation
Bull case: the Multiples group reads highest at a median of 232.45 TWD per share, and 8 of the 24 models we run sit above the 172.50 TWD price.
Bear case: the Asset-Based group reads lowest at 34.46 TWD, and 16 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 129.52 TWD (bear) to 223.77 TWD (bull), the price of 172.50 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 75/100 (high quality), in the Industrials sector.
Mixed Growth: Spin-off in 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
Sporton International reported revenue of 4.5B TWD in FY2025 versus 4.3B TWD in FY2021, a compound +1.0%/yr. Reported net income was 1.1B TWD in FY2025, compounding +0.7%/yr from FY2021.
Key figures
Market cap 17.6B TWD (≈ $536M) Small · P/E ratio 15.2 · P/S ratio 3.65 · EPS (TTM) 11.38 TWD · Dividend yield 7.0% · Net margin 25.3% · Return on equity 22.2% · Return on assets (EBIT) 21.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 86 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −15% fair-value upside, at 0%, 6146 screens cheaper than that median.
Fair Value models
Bear129.52 TWDFair Value 172.13 TWDBull223.77 TWD
Price 172.50 TWD · Downside -0.2%
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 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
Revenue growth 1 year
−1.3%
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.
−3.6%
Revenue growth 5 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.
+5.0%
Start year 2020 (pandemic)
Revenue growth 7 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.
+6.0%
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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.
+14.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.1%
Dividend (yield on the price)7.0%
Per share before 2018divided by the spin-off factor 1.01
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.29% → 30%
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).
+1.6%
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 0.0% a year for the price.
Price, fair value, quality and upside side by side.
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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.Specialty Business Services · 230 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside−0.2% · Below median
Profitability
Return on equity (12 months)22.2% · Top 25%
Return on assets13.7% · Top 25%
Net margin (12 months)25.3% · Top 25%
Operating margin (12 months)32.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)10.7% · Above median
Dividend yield (12 months)7.0% · Top 25%
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/E (12 months)15.2× · Cheaper than median
P/B3.05× · Pricier than median
P/S (12 months)3.65× · Priciest 25%
Price / free cash flow (fiscal year)14.7× · Pricier than median
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). "Sporton International Fair Value". https://www.fairvalue-calculator.com/stock/6146
Frequently asked questions
Is Sporton International (6146) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 172.13 TWD versus a price of 172.50 TWD, about 0% lower (fairly valued).
What is the fair value of 6146?
Our model-based fair value for Sporton International is 172.13 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 172.50 TWD.
What is the quality score of 6146?
Sporton International has a Quality Score of 75/100. 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 Sporton International (6146)?
Our model-based price target is the fair value of 172.13 TWD (as of Nov 7, 2026) from 24 valuation models. Cautious scenario 129.52 TWD, optimistic scenario 223.77 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Sporton International stock forecast for 2026?
Our models put fair value at 172.13 TWD, about 0% lower versus a price of 172.50 TWD (fairly valued). Cautious scenario 129.52 TWD, optimistic scenario 223.77 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Sporton International (6146)?
Sporton International reported trailing-twelve-month revenue of about 4.8B TWD (latest available figure, as of Nov 7, 2026).
Does Sporton International pay a dividend?
Sporton International currently shows a dividend yield of 6.96% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Sporton International (6146) and when is the ex-dividend date?
Sporton International pays a dividend of 12.00 TWD per share a year, a dividend yield of 7.0%. The last ex-dividend date was Sep 3, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 105% of earnings. Free cash flow covers the dividend 0.98 times. Our assessment: Payout strained. The dividend exceeds reported earnings (though reported profit is often depressed by one-off charges), and free cash flow only just covers it (or coverage is unknown). Not an emergency, but little room for error.
What growth is priced into Sporton International (6146)?
For today's price to be fair in a discounted-cash-flow model, Sporton International would have to grow free cash flow by +1.6 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 6146 use?
Our models discount Sporton International at 10.3 %: a base by market capitalisation (small), damped by beta 0.36, 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 Sporton International that is +1.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Sporton International (6146) delivered so far?
Over the past 5 years revenue at Sporton International grew +5.0 % a year. The price currently implies free-cash-flow growth of +1.6 % 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 Sporton International (6146) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Sporton International (+1.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sporton International (6146)?
The free-cash-flow yield on the price is 6.79 %: that much free cash flow Sporton International produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sporton International (6146)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sporton International it is 172.13 TWD per share (as of Nov 7, 2026), against a price of 172.50 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 Sporton International stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 6146 trades above its calculated fair value: price 172.50 TWD, fair value 172.13 TWD, a gap of about −0% (fairly valued). 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 6146?
No. The price is what the market pays today (172.50 TWD); the fair value is what the company's own numbers justify (172.13 TWD). For Sporton International the two are 0.3700 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Sporton International worth?
The market values Sporton International at about 17.6B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 172.50 TWD; our models calculate a fair value of 172.13 TWD per share.
What do the bullish and bearish scenarios say about 6146?
Our models span a range for Sporton International: cautious scenario 129.52 TWD, base 172.13 TWD, optimistic 223.77 TWD per share (as of Nov 7, 2026, price 172.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6146?
Sporton International trades at a price-to-earnings ratio of 15.2 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 172.13 TWD is built from several models across several years. Other multiples: P/B 3.1, P/S 3.6, EV/EBITDA 8.4.
How solid is the balance sheet of Sporton International (6146)?
Balance-sheet figures for Sporton International (as of Nov 7, 2026): return on equity 22.2%. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is 6146 from its 52-week high?
Sporton International trades at 172.50 TWD, about 28% below its 52-week high of 238.50 TWD and 11% above the low of 155.00 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 172.13 TWD is for.
Which stocks are comparable to Sporton International?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, 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 Sporton International stock attractive at the current price?
The data as of Nov 7, 2026: price 172.50 TWD, calculated fair value 172.13 TWD (−0%), Quality Score 75/100, 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 6146 calculated?
We run Sporton International 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 172.13 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 13.0% above its aggregate fair value. Sporton International 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 Sporton International (6146)?
The closing price on Nov 6, 2026 was 172.50 TWD. Our model-based fair value is 172.13 TWD, about 0% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sporton International right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Sporton International
How large is the market capitalisation of Sporton International (6146)?
The market capitalisation of Sporton International is 17.6B TWD (≈ $536M). 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 Sporton International (6146)?
The price-to-sales ratio of Sporton International is 3.65 (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 Sporton International (6146)?
Earnings per share at Sporton International are 11.38 TWD (price ÷ EPS = P/E 15.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sporton International (6146)?
The dividend yield of Sporton International is 7.0% (payout 105%). 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 Sporton International (6146)?
The net margin of Sporton International is 25.3% (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 Sporton International (6146)?
The return on equity (ROE) of Sporton International is 22.2% (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 Sporton International (6146)?
On an EBIT basis the return on assets of Sporton International is 21.7% (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 Sporton International (6146)?
The operating margin of Sporton International is 32.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sporton International (6146)?
Revenue at Sporton International is growing +10.7% versus a year earlier (3y avg −3.6%). 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 Sporton International (6146)?
Earnings per share at Sporton International are growing +21.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sporton International (6146) hold?
Sporton International holds more cash than debt, 1.4B TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026