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Neith Corporation (6236) Fair Value & Analysis

Healthcare · TW · Market cap 710M TWD

NC Neith Corporation 6236 · TWO
Price15.20 TWD
Fair Value1.67 TWD
Upside-89.0%
Quality74/100
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Mixed Growth
Thin margins · 1.5% net margin
generates free cash flow
Ranks above peers (7/11)
Narrow moat 23/100
Evidence: High Range 1.25 TWD – 2.08 TWD Share as image

Fair value as of: Aug 13, 2026

From 18 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 1.52 TWD to 1.67 TWD (+9.9%) since Jul 21, 2026. Share price −10.9% over the past month.

A solid business, but screening 89% overvalued on our models.

What matters now

  • A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (2.08 TWD). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

37.80 TWD 7.86 TWD Fair Value 1.67 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 7.86 TWD – 37.80 TWD · fair‑value band 1.25 TWD – 2.08 TWD · the 15.20 TWD price screens above the 1.67 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Neith Corporation (6236) currently trades at 15.20 TWD, while our model-based Fair Value estimate is 1.67 TWD, implying the stock looks roughly 89.0% overvalued today. The Quality Score stands at 74/100 (solid quality), in the Healthcare 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, Neith Corporation generated revenue of 32.0M TWD at a net margin of 1.5%. Revenue declined 34.0% year over year. It earns a return on equity of 0.3%. The stock trades on a trailing P/E of 190.0. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.25 TWD (bear case) to 2.08 TWD (bull case); at 15.20 TWD, the current price sits above 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 52% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -47% fair-value upside, at -89%, 6236 screens richer 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 5.29 TWD 5.78 TWD 6.59 TWD 72
Growth-Adj P/E 0.8800 TWD 1.26 TWD 1.64 TWD 68
Rev-Margin DCF 5.14 TWD 5.91 TWD 6.88 TWD 67
All 18 models by family
DCF Models
FCF DCF 5.23 TWD 5.75 TWD 6.67 TWD 38
5Y Revenue Exit 5.14 TWD 5.86 TWD 6.93 TWD 39
5Y EBITDA Exit 4.63 TWD 4.99 TWD 5.48 TWD 41
5Y P/E Exit 4.80 TWD 5.28 TWD 5.87 TWD 38
10Y Revenue Exit 5.13 TWD 5.68 TWD 6.29 TWD 36
10Y EBITDA Exit 4.88 TWD 5.17 TWD 5.47 TWD 37
10Y P/E Exit 4.98 TWD 5.34 TWD 5.69 TWD 35
Earnings-Based
Graham-Dodd 0.5200 TWD 0.7500 TWD 0.8900 TWD 54
Multiples
P/E Multiple 1.25 TWD 1.67 TWD 2.08 TWD 63
P/S Multiple 0.9700 TWD 1.29 TWD 1.61 TWD 58
P/B Multiple 0.9700 TWD 1.29 TWD 1.61 TWD 55
EV/EBITDA 4.29 TWD 4.59 TWD 4.90 TWD 54
EV/Revenue 5.21 TWD 5.99 TWD 6.77 TWD 43
Asset-Based
NCAV (Graham) 1.86 TWD 2.49 TWD 3.72 TWD 50
Growth DCF
Growth DCF 5.29 TWD 5.78 TWD 6.59 TWD 72
Rev-Margin DCF 5.14 TWD 5.91 TWD 6.88 TWD 67
Economic Profit
Residual Income 2.46 TWD 2.28 TWD 1.65 TWD 61
Growth Earnings
Growth-Adj P/E 0.8800 TWD 1.26 TWD 1.64 TWD 68

Widest divergence: Growth DCF (5.78 TWD) versus Earnings-Based (0.7500 TWD). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 32.0M TWD
Revenue growth (YoY) -34.0%
Net margin 1.5%
Return on equity 0.3%
Free cash flow 9.3M TWD FY2025
P/E ratio 190.0
More key figures
Operating margin -4.6%
EPS (TTM) 0.0800 TWD
EPS growth (YoY) -96.4%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 76 · Market factors (momentum, volatility) 22

Profitability 26
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 97
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 82
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

Neith Corporation engages in the biotechnology, medical cosmetics, and preventive medicine businesses. The company provides nutritional products, including L-One, a liquid formula for maintaining eye health; EPlus, a multiple enzyme supplement; and other nutritional products under the King One name. It also offers genetic testing services.

Full company description

Neith Corporation engages in the biotechnology, medical cosmetics, and preventive medicine businesses. The company provides nutritional products, including L-One, a liquid formula for maintaining eye health; EPlus, a multiple enzyme supplement; and other nutritional products under the King One name. It also offers genetic testing services. In addition, the company offers energy and dual-purpose mattresses, energy masks, energy silicon gel necklaces, energy waistbands, energy heating stones, massage rods, and water purifiers, as well as Ganbanyoku, an energy stone spa bed. Further, it offers beauty care products, such as cell regeneration and rejuvenation series skin care products; home energy products; and microcontrollers and peripherals. Neith Corporation was formerly known as Come True Biomedical Inc. Neith Corporation was incorporated in 1997 and is based in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Neith Corporation reported revenue of 36.1M TWD in FY2025 versus 31.4M TWD in FY2021, a compound +3.6%/yr. Reported net income was 3.2M TWD in FY2025.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
36.1M TWD
Latest YoY
−20.7%
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.
+4.1%
Revenue +3.6%/yr
FY21 31.4M TWD
FY22 32.1M TWD
FY23 39.9M TWD
FY24 45.6M TWD
FY25 36.1M TWD
Net income
FY21 −5.4M TWD
FY22 −23.7M TWD
FY23 −40.0M TWD
FY24 −16.9M TWD
FY25 3.2M TWD

6236 screens 89% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Neith Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6236

Peer Group

Biotechnology · 600 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 74 · Top 25%
Fair Value upside −89% · Bottom 25%
Return on equity (TTM) 0% · Above median
Return on assets -1% · Above median
Net margin (TTM) 1% · Above median
Operating margin (TTM) -5% · Below median
Revenue growth -34% · Bottom 25%

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 190.0× · Pricier than 75% of peers
P/B 0.14× · Cheaper than 75% of peers
P/S (TTM) 0.69× · Cheaper than 75% of peers
P/FCF 2.4× · Cheaper than median

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 0 · sector 0
FUTURE 0 · sector 0
PAST 1 · sector 0
HEALTH 0 · sector 97
DIVIDEND 0 · sector 23

VALUE 0: the price sits above our fair-value range.

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $525.73 $278.78 -47%
Regeneron Pharmaceuticals, Inc REGN $797.99 $594.40 -26%
Samsung Biologics Co 207940 1,549,000 KRW 1,055,793 KRW -32%
Celltrion, Inc 068270 202,000 KRW 74,519 KRW -63%
WuXi Biologics (Cayman) Inc 2269 HK$45.70 HK$30.58 -33%
Innovent Biologics, Inc 1801 HK$95.55 HK$19.68 -79%
Genmab A/S GMAB kr 2,037 kr 250.07 -88%
Sino Biopharmaceutical Limited 1177 HK$4.87 HK$3.37 -31%
RemeGen Co 688331 ¥131.87 ¥23.19 -82%
ALTEOGEN Inc 196170 317,500 KRW 39,476 KRW -88%

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Frequently asked questions

Is Neith Corporation (6236) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1.67 TWD versus a price of 15.20 TWD, about −89% (overvalued).
What is the fair value of 6236?
Our model-based fair value for Neith Corporation is 1.67 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 15.20 TWD.
What is the quality score of 6236?
Neith Corporation has a Quality Score of 74/100. 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 Neith Corporation (6236)?
Neith Corporation reported trailing-twelve-month revenue of about 32.0M TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6236?
The net profit margin of Neith Corporation is about 1.5%, meaning it keeps roughly 1.5% of revenue as net income. Based on the latest reported figures.

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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