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Trade-Van Information Services Co (6183) Fair Value & Analysis

Industrials · TW · Market cap 13.7B TWD

TV Trade-Van Information Services Co 6183 · TW
Price92.90 TWD
Fair Value78.07 TWD
Upside-16.0%
Quality75/100
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Healthy Growth
Highly profitable · 21.8% net margin
Low debt · generates free cash flow
3.93% dividend yield
Ranks above peers (9/14)
Wide moat 81/100
Evidence: High Range 52.65 TWD – 97.59 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price +3.0% over the past month.

A strong business, but screening 16% overvalued on our models.

What matters now

  • A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • A fairly wide model range (52.65 TWD to 97.59 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

110.00 TWD 44.67 TWD Fair Value 78.07 TWD Mar 2021 Aug 2026

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 44.67 TWD – 110.00 TWD · fair‑value band 52.65 TWD – 97.59 TWD · the 92.90 TWD price screens above the 78.07 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

Trade-Van Information Services Co (6183) currently trades at 92.90 TWD, while our model-based Fair Value estimate is 78.07 TWD, implying the stock looks roughly 16.0% overvalued today. The Quality Score stands at 75/100 (high quality), in the Industrials 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, Trade-Van Information Services Co generated revenue of 2.8B TWD at a net margin of 21.8%. Revenue grew 6.4% year over year. It earns a return on equity of 20.8%. The balance sheet holds a net cash position of 625M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 52.65 TWD (bear case) to 97.59 TWD (bull case); at 92.90 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 8% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -16%, 6183 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 45.15 TWD 65.71 TWD 95.67 TWD 80
Residual Income 24.01 TWD 28.93 TWD 67.96 TWD 76
Rev-Margin DCF 39.00 TWD 59.10 TWD 82.76 TWD 74
All 26 models by family
DCF Models
FCF DCF 44.64 TWD 68.22 TWD 105.08 TWD 38
Owner Earnings 51.13 TWD 78.61 TWD 121.54 TWD 31
5Y Revenue Exit 39.00 TWD 59.05 TWD 84.74 TWD 39
5Y EBITDA Exit 52.30 TWD 84.37 TWD 122.29 TWD 41
5Y P/E Exit 53.19 TWD 86.07 TWD 121.14 TWD 38
10Y Revenue Exit 39.65 TWD 58.61 TWD 84.39 TWD 36
10Y EBITDA Exit 49.19 TWD 76.36 TWD 113.52 TWD 37
10Y P/E Exit 49.76 TWD 77.54 TWD 112.63 TWD 35
Earnings-Based
Graham-Dodd 26.55 TWD 89.70 TWD 120.23 TWD 54
Lynch FV 20.49 TWD 29.28 TWD 38.06 TWD 50
PEG = 1.0 20.49 TWD 29.28 TWD 38.06 TWD 46
EPV 40.28 TWD 46.13 TWD 51.24 TWD 59
Dividend Discount
Gordon GGM 29.38 TWD 61.09 TWD 96.91 TWD 70
DDM Multi-Stage 29.38 TWD 50.47 TWD 64.12 TWD 61
Multiples
P/E Multiple 58.56 TWD 78.07 TWD 97.59 TWD 63
P/S Multiple 34.42 TWD 45.89 TWD 57.36 TWD 58
P/B Multiple 42.40 TWD 56.54 TWD 70.67 TWD 55
EV/EBIT 66.35 TWD 86.72 TWD 107.10 TWD 53
EV/EBITDA 62.27 TWD 81.29 TWD 100.30 TWD 54
EV/Revenue 37.36 TWD 51.12 TWD 64.89 TWD 43
Asset-Based
NCAV (Graham) 9.42 TWD 12.63 TWD 18.85 TWD 50
Growth DCF
Growth DCF 45.15 TWD 65.71 TWD 95.67 TWD 80
Rev-Margin DCF 39.00 TWD 59.10 TWD 82.76 TWD 74
Economic Profit
Residual Income 24.01 TWD 28.93 TWD 67.96 TWD 76
ROIC Compounder 43.02 TWD 52.94 TWD 64.31 TWD 72
Growth Earnings
Growth-Adj P/E 50.14 TWD 71.63 TWD 93.12 TWD 68

Widest divergence: DCF Models (76.36 TWD) versus Asset-Based (12.63 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.8B TWD
Revenue growth (YoY) +6.4%
Net margin 21.8%
Return on equity 20.8%
Free cash flow 509M TWD FY2025
P/E ratio 23.1
More key figures
Operating margin 29.2%
EPS (TTM) 3.89 TWD
Dividend yield 4.0%
EPS growth (YoY) +15.2%
Net cash 625M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 72 · Market factors (momentum, volatility) 56

Profitability 65
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 83
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

Trade-Van Information Services Co. provides electronic data exchange services and related services in Taiwan. Its customer clearance services include e-manager, US sea cargo pre-declaration, value added tax customization, e-custom, container information, shipper inquiries system, customs automation, container yard and autonomy management system, shipping …

Full company description

Trade-Van Information Services Co. provides electronic data exchange services and related services in Taiwan. Its customer clearance services include e-manager, US sea cargo pre-declaration, value added tax customization, e-custom, container information, shipper inquiries system, customs automation, container yard and autonomy management system, shipping system, tax payment system, bonded warehouse audit and management, air cargo clearance system, and free trade zone service platform services. The company also provides cross-border electronic transaction; online land administration; electronic tax filing; automobile liability insurance; asset management; financial monitoring; government systems integration; e-commerce; information security; global logistics and supply chain; e-marketplace platform; trade2cash; and big data services. In addition, it is involved in the development of information and internet technology; wholesaling of electronic products and daily miscellaneous goods; and provision of import, export, and agency services. Trade-Van Information Services Co. was founded in 1990 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Trade-Van Information Services Co reported revenue of 2.8B TWD in FY2025 versus 2.2B TWD in FY2021, a compound +5.4%/yr. Reported net income was 586M TWD in FY2025, compounding +8.3%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.8B TWD
Latest YoY
+7.8%
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.
+6.7%
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.
+7.7%
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.
+5.5%
Revenue +5.4%/yr
FY21 2.2B TWD
FY22 2.3B TWD
FY23 2.3B TWD
FY24 2.6B TWD
FY25 2.8B TWD
Net income +8.3%/yr
FY21 426M TWD
FY22 464M TWD
FY23 481M TWD
FY24 510M TWD
FY25 586M TWD
Character of growth · EPS growth decomposed (2014-2025) +11.6 % p.a.
Revenue per share +7.7 pp

of which total revenue +7.7 pp · buybacks/dilution +0.0 pp

EBIT margin +3.9 pp
Tax rate −0.3 pp
Residual (interest, one-offs) +0.3 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).

6183 screens 16% overvalued. Compare with Cintas Corporation →

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Cite: Fair Value Calculator (2026). "Trade-Van Information Services Co Fair Value". https://www.fairvalue-calculator.com/stock/6183

Peer Group

Specialty Business Services · 253 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 75 · Top 25%
Fair Value upside −16% · Below median
Return on equity (TTM) 21% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth 6% · Above median
Dividend yield (TTM) 3.9% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 23.4× · Pricier than median
P/B 4.84× · Pricier than 75% of peers
P/S (TTM) 4.90× · Pricier than 75% of peers
P/FCF 0.8× · Cheaper than median
EV/EBITDA 15.5× · Pricier 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 12 · sector 24
FUTURE 32 · sector 27
PAST 83 · sector 33
HEALTH 100 · sector 92
DIVIDEND 79 · sector 54

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is Trade-Van Information Services Co (6183) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 78.07 TWD versus a price of 92.90 TWD, about −16% (overvalued).
What is the fair value of 6183?
Our model-based fair value for Trade-Van Information Services Co is 78.07 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 92.90 TWD.
What is the quality score of 6183?
Trade-Van Information Services Co 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 revenue of Trade-Van Information Services Co (6183)?
Trade-Van Information Services Co reported trailing-twelve-month revenue of about 2.8B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6183?
The net profit margin of Trade-Van Information Services Co is about 21.8%, meaning it keeps roughly 21.8% of revenue as net income. Based on the latest reported figures.
Does Trade-Van Information Services Co pay a dividend?
Trade-Van Information Services Co currently shows a dividend yield of about 4.00% relative to its recent price (as of Jul 21, 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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