Global Brands Manufacture Ltd (6191) Fair Value & Analysis

Technology · TW · Market cap 44.8B TWD

A solid business, screening 33% undervalued on our models.

What matters now

• Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
• Our model range runs from 80.51 TWD (bear) to 142.55 TWD (bull), base 111.02 TWD. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 51/100 (solid quality) with high evidence: the data supports the verdict.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 21.83 TWD – 146.50 TWD · fair‑value band 80.51 TWD – 142.55 TWD · the 83.50 TWD price screens below the 111.02 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Global Brands Manufacture Ltd (6191) currently trades at 83.50 TWD, while our model-based Fair Value estimate is 111.02 TWD, implying the stock looks roughly 33.0% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Global Brands Manufacture Ltd generated revenue of 37.9B TWD at a net margin of 8.5%. Revenue grew 80.9% year over year. It earns a return on equity of 12.4%. Net debt stands at 7.5B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 80.51 TWD (bear case) to 142.55 TWD (bull case); at 83.50 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 44% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 33%, 6191 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.

Widest divergence: Multiples (107.34 TWD) versus Dividend Discount (33.47 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Global Brands Manufacture Ltd., together with its subsidiaries, engages in printed circuit boards (PCB) production and electronic manufacturing service (EMS) business in Taiwan.

Full company description

Global Brands Manufacture Ltd., together with its subsidiaries, engages in printed circuit boards (PCB) production and electronic manufacturing service (EMS) business in Taiwan. It manufactures, fabricates, assembles, and sells PCBs that are used in desktop PCs, network and communication products, digital cameras, automotive electronics, consumer electronics, IT products, and others. The company also provides EMS services, including SMT assembly, tooling, and plastic and systems assembly, as well as CRT/LCD monitors, TFT LCD TVs, DVD players, DVD recorder, power supply, multimedia, industrial control boards, and air-con boards. In addition, it engages in investment; industrial plant lease and property management; manufacture of machine and equipment; and waste recycling and wastewater treatment activities. Further, the company supplies its products to various industries, such as information, communication, automobiles, and consumer electronics. The company was formerly known as Cyber Solutions Corporation and changed its name to Global Brands Manufacture Ltd. in 2003. Global Brands Manufacture Ltd. was incorporated in 1973 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Global Brands Manufacture Ltd reported revenue of 33.7B TWD in FY2025 versus 27.6B TWD in FY2021, a compound +5.1%/yr. Reported net income was 3.2B TWD in FY2025, compounding +2.2%/yr from FY2021.

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Peer Group

Electronic Components · 626 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 Electronic Components 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.

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Frequently asked questions

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.