Kinko Optical Co Ltd (6209) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Kinko Optical Co Ltd TWD 12.67, price TWD 79.90, upside -84.1%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value 12.67 TWD · Strongly overvalued (−84%)
✓Quality 65/100
!Expensive Growth(revenue 5y +4.2 %/yr)
!Thin margins · 7.5% net margin (TTM)
!Low debt · negative free cash flow
!Mixed vs. peers(6/13)
!Moderate moat47/100
!Evidence only low, so the estimate is less certain
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 21.25 TWD – 97.20 TWD · the 79.90 TWD price screens above the 12.67 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Kinko Optical Co., Ltd., together with its subsidiaries, designs, develops, and produces optical components and lenses in Taiwan and Asia.
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Kinko Optical Co., Ltd., together with its subsidiaries, designs, develops, and produces optical components and lenses in Taiwan and Asia. The company offers mobile phone, projector, IoT, automotive, far infrared, and VR/AR/MR lenses, as well as digital single-lens reflex cameras, industrial and sports cameras, telescopes, spherical and aspherical glass lens OEM, and lens ODM. It exports its products. The company was founded in 1980 and is based in Taichung, Taiwan.
Stock analysis
Kinko Optical Co Ltd (6209) currently trades at 79.90 TWD, while our model-based Fair Value estimate is 12.67 TWD, implying the stock looks roughly 530.5% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 19.24 TWD per share, and 0 of the 14 models we run sit above the 79.90 TWD price.
Bear case: the Dividend Discount group reads lowest at 4.16 TWD, and 14 of the 14 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Kinko Optical Co Ltd reported revenue of 3.7B TWD in FY2025 versus 3.6B TWD in FY2021, a compound +0.3%/yr. Reported net income was 161M TWD in FY2025.
Key figures
Market cap 14.0B TWD (≈ $440M) · P/E ratio 88.8 · P/S ratio 3.91 · EPS (TTM) 0.9000 TWD · Dividend yield 0.8% · Net margin 4.4% · Return on equity 9.6% · Return on assets (EBIT) −1.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 127% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −84%, 6209 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (4.16 TWD to 45.92 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 12.67 TWDFair Value 12.67 TWDBull 12.67 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.6608 TWD per share) are deliberately not added.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 ⓘEvidence = 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.35/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+50.6%
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.
+0.7%
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.
+4.2%
Start year 2020 (pandemic). Over 10 years: −1.3% a year
Revenue growth 23 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.
+4.6%
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What shareholders gained per year (last 3 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 3 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.
+36.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.2%
Dividend (yield on the price)0.8%
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.−6% → 5%
⚠ Revenue per share shrinking 5.0%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Electronic Components · 654 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−84% · Bottom 25%
Profitability
Return on equity (TTM)10% · Above median
Return on assets5% · Top 25%
Net margin (TTM)8% · Above median
Operating margin (TTM)16% · Top 25%
Growth and dividend
Revenue growth48% · Top 25%
Dividend yield (TTM)0.8% · Below median
Balance sheet
Debt / equity0.16× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)88.8× · Priciest 25%
P/B4.43× · Pricier than median
P/S (TTM)3.47× · Pricier than median
EV/EBITDA22.1× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 38
PAST (return on equity)38· sector 26
HEALTH (low debt)92· sector 95
DIVIDEND (yield)15· sector 25
VALUE 0: the price sits above our fair-value range.
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). "Kinko Optical Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6209
Frequently asked questions
Is Kinko Optical Co Ltd (6209) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 12.67 TWD versus a price of 79.90 TWD, about −84% upside (overvalued).
What is the fair value of 6209?
Our model-based fair value for Kinko Optical Co Ltd is 12.67 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 79.90 TWD.
What is the quality score of 6209?
Kinko Optical Co Ltd has a Quality Score of 65/100. 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 Kinko Optical Co Ltd (6209)?
Our model-based price target is the fair value of 12.67 TWD (as of Sep 24, 2026) from 14 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Kinko Optical Co Ltd stock forecast for 2026?
Our models put fair value at 12.67 TWD, about −84% upside versus a price of 79.90 TWD (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Kinko Optical Co Ltd (6209)?
Kinko Optical Co Ltd reported trailing-twelve-month revenue of about 4.0B TWD (latest available figure, as of Sep 24, 2026).
Does Kinko Optical Co Ltd pay a dividend?
Kinko Optical Co Ltd currently shows a dividend yield of about 0.76% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Kinko Optical Co Ltd (6209)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kinko Optical Co Ltd it is 12.67 TWD per share (as of Sep 24, 2026), against a price of 79.90 TWD. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Kinko Optical Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6209 trades above its calculated fair value: price 79.90 TWD, fair value 12.67 TWD, a gap of about −84% (overvalued). 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 6209?
No. The price is what the market pays today (79.90 TWD); the fair value is what the company's own numbers justify (12.67 TWD). For Kinko Optical Co Ltd the two are 67.23 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Kinko Optical Co Ltd worth?
The market values Kinko Optical Co Ltd at about 14.0B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 79.90 TWD; our models calculate a fair value of 12.67 TWD per share.
What is the P/E ratio of 6209?
Kinko Optical Co Ltd trades at a price-to-earnings ratio of 88.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 12.67 TWD is built from several models across several years. Other multiples: P/B 4.4, P/S 3.5, EV/EBITDA 22.1.
How solid is the balance sheet of Kinko Optical Co Ltd (6209)?
Balance-sheet figures for Kinko Optical Co Ltd (as of Sep 24, 2026): return on equity 9.6%, debt of 0.16 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 6209 from its 52-week high?
Kinko Optical Co Ltd trades at 79.90 TWD, about 18% below its 52-week high of 97.20 TWD and 127% above the low of 35.25 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 12.67 TWD is for.
Which stocks are comparable to Kinko Optical Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Kinko Optical Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 79.90 TWD, calculated fair value 12.67 TWD (−84%), Quality Score 65/100, from 14 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 6209 calculated?
We run Kinko Optical Co Ltd through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 12.67 TWD, 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 14.0 % above its aggregate fair value. Kinko Optical Co Ltd 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 Kinko Optical Co Ltd (6209)?
The closing price on Sep 24, 2026 was 79.90 TWD. Our model-based fair value is 12.67 TWD, about −84% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kinko Optical Co Ltd right now?
The price sits above even our optimistic bull case (12.67 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 (65/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Kinko Optical Co Ltd
How large is the market capitalisation of Kinko Optical Co Ltd (6209)?
The market capitalisation of Kinko Optical Co Ltd is 14.0B TWD (≈ $440M). 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 Kinko Optical Co Ltd (6209)?
The price-to-sales ratio of Kinko Optical Co Ltd is 3.91 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kinko Optical Co Ltd (6209)?
Earnings per share at Kinko Optical Co Ltd are 0.9000 TWD (price ÷ EPS = P/E 88.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kinko Optical Co Ltd (6209)?
The dividend yield of Kinko Optical Co Ltd is 0.8% (payout 67.5%). 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 Kinko Optical Co Ltd (6209)?
The net margin of Kinko Optical Co Ltd is 4.4% (fiscal year 2025). 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 Kinko Optical Co Ltd (6209)?
The return on equity (ROE) of Kinko Optical Co Ltd is 9.6% (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 Kinko Optical Co Ltd (6209)?
On an EBIT basis the return on assets of Kinko Optical Co Ltd is −1.5% (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 Kinko Optical Co Ltd (6209)?
The operating margin of Kinko Optical Co Ltd is 16.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kinko Optical Co Ltd (6209)?
Revenue at Kinko Optical Co Ltd is growing +47.9% versus a year earlier (3y avg +0.7%). 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 Kinko Optical Co Ltd (6209)?
Earnings per share at Kinko Optical Co Ltd are growing +114% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kinko Optical Co Ltd (6209) generate?
The free cash flow of Kinko Optical Co Ltd is −279M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Kinko Optical Co Ltd (6209) carry?
The net debt of Kinko Optical Co Ltd is 287M TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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