Onano Industrial Corp (6405) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Onano Industrial Corp stock TWD 8.65, price TWD 32.60, that is 73.5% below the price, quality 39 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range 18.16 TWD – 81.00 TWD · fair‑value band 5.71 TWD – 10.82 TWD · the 32.60 TWD price screens above the 8.65 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Onano Industrial Corp. provides slimmed opto-electronic glass and alloy materials in Taiwan. The company offers slimming, polishing, and film coating services for TFT-LCD, OLED, solar cell glass, etc.
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Its products are used in various applications, including smart phones, tablets, ultra-thin laptops, and others. The company was incorporated in 2004 and is headquartered in Taoyuan City, Taiwan.
Stock analysis
Onano Industrial Corp (6405) currently trades at 32.60 TWD, while our model-based Fair Value estimate is 8.65 TWD, 73% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: 5.71 TWD (bear) to 10.82 TWD (bull), the price of 32.60 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 39/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Onano Industrial Corp reported revenue of 795K TWD in FY2025 versus 540M TWD in FY2021, a compound −80.4%/yr. Reported net income was −82.7M TWD in FY2025.
Our AI-assisted moat analysis scores the competitive advantage at 11 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and 34% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −73%, 6405 screens richer than that median.
Fair Value models
Bear5.71 TWDFair Value 8.65 TWDBull10.82 TWD
Price 32.60 TWD · Downside -73.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−99.4%
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.
−87.2%
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.
−71.7%
Start year 2020 (pandemic). Over 10 years: −52.1% a year
Revenue growth 15 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.
−33.6%
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Profit margin (trend) ⓘ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.
27.5% (2020) → −13,677.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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 · 653 stocks
Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside−73.5% · Bottom 25%
Profitability
Return on assets−3.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−31.3% · Bottom 25%
Dividend yield (12 months)0.2% · Bottom 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/B0.80× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 70
PAST (return on equity)0· sector 28
HEALTH (low debt)100· sector 95
DIVIDEND (yield)5· sector 27
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.
Is Onano Industrial Corp (6405) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 8.65 TWD versus a price of 32.60 TWD, about 73% lower (overvalued).
What is the fair value of 6405?
Our model-based fair value for Onano Industrial Corp is 8.65 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 32.60 TWD.
What is the quality score of 6405?
Onano Industrial Corp has a Quality Score of 39/100. 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 Onano Industrial Corp (6405)?
Our model-based price target is the fair value of 8.65 TWD (as of Nov 9, 2026) from 1 valuation models. Cautious scenario 5.71 TWD, optimistic scenario 10.82 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Onano Industrial Corp stock forecast for 2026?
Our models put fair value at 8.65 TWD, about 73% lower versus a price of 32.60 TWD (overvalued). Cautious scenario 5.71 TWD, optimistic scenario 10.82 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Onano Industrial Corp (6405)?
Onano Industrial Corp reported trailing-twelve-month revenue of about 596K TWD (latest available figure, as of Nov 9, 2026).
Does Onano Industrial Corp pay a dividend?
Onano Industrial Corp currently shows a dividend yield of 0.25% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Onano Industrial Corp (6405)?
Onano Industrial Corp has a dividend yield of 0.2%.
What is the intrinsic value of Onano Industrial Corp (6405)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Onano Industrial Corp it is 8.65 TWD per share (as of Nov 9, 2026), against a price of 32.60 TWD. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Onano Industrial Corp stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 6405 trades above its calculated fair value: price 32.60 TWD, fair value 8.65 TWD, a gap of about −73% (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 6405?
No. The price is what the market pays today (32.60 TWD); the fair value is what the company's own numbers justify (8.65 TWD). For Onano Industrial Corp the two are 23.95 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Onano Industrial Corp worth?
The market values Onano Industrial Corp at about 2.1B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 32.60 TWD; our models calculate a fair value of 8.65 TWD per share.
What do the bullish and bearish scenarios say about 6405?
Our models span a range for Onano Industrial Corp: cautious scenario 5.71 TWD, base 8.65 TWD, optimistic 10.82 TWD per share (as of Nov 9, 2026, price 32.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Onano Industrial Corp (6405)?
Balance-sheet figures for Onano Industrial Corp (as of Nov 9, 2026): return on equity −0.5%. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is 6405 from its 52-week high?
Onano Industrial Corp trades at 32.60 TWD, about 60% below its 52-week high of 81.00 TWD and 34% above the low of 24.35 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 8.65 TWD is for.
Which stocks are comparable to Onano Industrial Corp?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, 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 Onano Industrial Corp stock attractive at the current price?
The data as of Nov 9, 2026: price 32.60 TWD, calculated fair value 8.65 TWD (−73%), Quality Score 39/100, from 1 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 6405 calculated?
We run Onano Industrial Corp through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 8.65 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Onano Industrial Corp 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 Onano Industrial Corp (6405)?
The closing price on Nov 9, 2026 was 32.60 TWD. Our model-based fair value is 8.65 TWD, about 73% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Onano Industrial Corp right now?
The price sits above even our optimistic bull case (10.82 TWD). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (5.71 TWD to 10.82 TWD) leaves room in how you read the outcome.
Key figures of Onano Industrial Corp
How large is the market capitalisation of Onano Industrial Corp (6405)?
The market capitalisation of Onano Industrial Corp is 2.1B TWD (≈ $65.3M). 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 are the earnings per share of Onano Industrial Corp (6405)?
Earnings per share at Onano Industrial Corp are −0.2300 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Onano Industrial Corp (6405)?
The dividend yield of Onano Industrial Corp is 0.2%. 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 return on equity of Onano Industrial Corp (6405)?
The return on equity (ROE) of Onano Industrial Corp is −0.5% (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 Onano Industrial Corp (6405)?
On an EBIT basis the return on assets of Onano Industrial Corp is −1.6% (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 Onano Industrial Corp (6405)?
The operating margin of Onano Industrial Corp is −15,653% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Onano Industrial Corp (6405)?
Revenue at Onano Industrial Corp is growing −31.3% versus a year earlier (3y avg −87.2%). 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 Onano Industrial Corp (6405)?
Earnings per share at Onano Industrial Corp are growing +169% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Onano Industrial Corp (6405) generate?
The free cash flow of Onano Industrial Corp is −49.2M 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 cash does Onano Industrial Corp (6405) hold?
Onano Industrial Corp holds more cash than debt, 523M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 9, 2026