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Sung Gang Asset Management Ltd (6240) Fair Value & Analysis

Communication Services · TW · Market cap 429M TWD

SG Sung Gang Asset Management Ltd 6240 · TWO
Price22.45 TWD
Fair Value12.26 TWD
Upside-45.4%
Quality45/100
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Risks

!Trades 83% ABOVE our fair value of 12.26 TWD
!Expensive Growth (revenue 5y +28.9 %/yr)
!Loss-making · -53.2% net margin
!Low debt · negative free cash flow
Expensive Growth (revenue 5y +28.9 %/yr)
Loss-making · -53.2% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 19/100
Evidence: Low Range 9.15 TWD – 18.29 TWD Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 12 days ago

Share price +22.7% over the past month.

Below-average quality, and trading another 83% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (18.29 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 (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (9.15 TWD to 18.29 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

29.00 TWD 13.50 TWD Fair Value 12.26 TWD Mar 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 13.50 TWD – 29.00 TWD · fair‑value band 9.15 TWD – 18.29 TWD · the 22.45 TWD price screens above the 12.26 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Sung Gang Asset Management Ltd (6240) currently trades at 22.45 TWD, while our model-based Fair Value estimate is 12.26 TWD, implying the stock looks roughly 45.4% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Communication Services 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: low).

Over the trailing twelve months, Sung Gang Asset Management Ltd generated revenue of 52.5M TWD at a net margin of -53.2%. Revenue grew 28.2% year over year. It earns a return on equity of -7.1%. Net debt stands at 52.2M TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 9.15 TWD (bear case) to 18.29 TWD (bull case); at 22.45 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 7% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 9% fair-value upside, at -45%, 6240 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
NCAV (Graham) 9.15 TWD 12.26 TWD 18.29 TWD 50
All 1 models by family
Asset-Based
NCAV (Graham) 9.15 TWD 12.26 TWD 18.29 TWD 50

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Key figures & financial health

P/S ratio 8.17 TTM
Net margin -53.2% TTM
Return on equity -7.1% TTM
Return on assets 0.0% TTM
Operating margin 11.2% TTM
EPS (TTM) -1.15 TWD
More key figures
Growth
Revenue (TTM) 52.5M TWD TTM
Revenue growth (YoY) +28.2% 3y avg +46.7%
EPS growth (YoY) -52.7%
Balance sheet & cash flow
Free cash flow −3.3M TWD FY2025
Net debt 52.2M TWD FY2023

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 43 · Market factors (momentum, volatility) 61

Profitability 3
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 58
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Sung Gang Corp.Limited provides information services in Taiwan. The company offers computer hardware and application information system maintenance services. It also provides digital transformation service design, data asset utilization strategy, and system development and integration services.

Full company description

Sung Gang Corp.Limited provides information services in Taiwan. The company offers computer hardware and application information system maintenance services. It also provides digital transformation service design, data asset utilization strategy, and system development and integration services. In addition, the company engages in real estate leasing and financial debt acquisition businesses. The company was founded in 1986 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sung Gang Asset Management Ltd reported revenue of 49.7M TWD in FY2025 versus 13.1M TWD in FY2021, a compound +39.7%/yr. Reported net income was −26.2M TWD in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
49.7M TWD
Latest YoY
−1.1%
Avg. revenue 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.
+46.7%
Avg. revenue 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.
+28.9%
Avg. revenue growth/yr (8Y) 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.
−14.7%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +39.7%/yr
FY21 13.1M TWD
FY22 15.7M TWD
FY23 45.9M TWD
FY24 50.3M TWD
FY25 49.7M TWD
Net income
FY21 25.9M TWD
FY22 48.9M TWD
FY23 −10.3M TWD
FY24 8.1M TWD
FY25 −26.2M TWD

6240 screens 45% overvalued. Compare with The New York Times Company →

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Cite: Fair Value Calculator (2026). "Sung Gang Asset Management Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6240

Peer Group

Publishing · 112 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 43 · Bottom 25%
Fair Value upside −45% · Below median
Return on assets 0% · Below median
Net margin (TTM) -53% · Bottom 25%
Operating margin (TTM) 11% · Above median
Revenue growth 28% · Top 25%

Valuation Multiples vs Publishing median · lower = cheaper

P/S (TTM) 0.26× · Cheaper 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 37
FUTURE100 · sector 0
PAST0 · sector 20
HEALTH100 · sector 100
DIVIDEND0 · sector 54

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

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Frequently asked questions

Is Sung Gang Asset Management Ltd (6240) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 12.26 TWD versus a price of 22.45 TWD, about −45% (overvalued).
What is the fair value of 6240?
Our model-based fair value for Sung Gang Asset Management Ltd is 12.26 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 22.45 TWD.
What is the quality score of 6240?
Sung Gang Asset Management Ltd has a Quality Score of 45/100. 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 Sung Gang Asset Management Ltd (6240)?
Sung Gang Asset Management Ltd reported trailing-twelve-month revenue of about 52.5M TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6240?
The net profit margin of Sung Gang Asset Management Ltd is about -53.2%, meaning it is currently running at a net loss. 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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