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CASwell, Inc (6416) Fair Value & Analysis

Technology · TW · Market cap 7.3B TWD

CI CASwell, Inc 6416 · TW
Price103.50 TWD
Fair Value68.15 TWD
Upside-34.2%
Quality65/100
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Weak Growth
Thin margins · 7.8% net margin
Low debt · generates free cash flow
3.10% dividend yield
Ranks above peers (10/14)
Narrow moat 44/100
Evidence: High Range 46.59 TWD – 92.06 TWD Share as image

Fair value as of: Jul 21, 2026

From 25 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 68.28 TWD to 68.15 TWD (−0.2%) since Jul 12, 2026. Share price +5.2% over the past month.

A solid business, but screening 34% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (92.06 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (46.59 TWD to 92.06 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

159.06 TWD 69.17 TWD Fair Value 68.15 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 69.17 TWD – 159.06 TWD · fair‑value band 46.59 TWD – 92.06 TWD · the 103.50 TWD price screens above the 68.15 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

CASwell, Inc (6416) currently trades at 103.50 TWD, while our model-based Fair Value estimate is 68.15 TWD, implying the stock looks roughly 34.2% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Technology 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, CASwell, Inc generated revenue of 4.3B TWD at a net margin of 7.8%. Revenue declined 4.6% year over year. It earns a return on equity of 9.0%. Net debt stands at 469M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 46.59 TWD (bear case) to 92.06 TWD (bull case); at 103.50 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 near its 52-week high and 38% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -34%, 6416 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.

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 39.96 TWD 53.28 TWD 70.57 TWD 80
Residual Income 41.38 TWD 44.79 TWD 52.74 TWD 76
Rev-Margin DCF 42.79 TWD 64.15 TWD 86.77 TWD 74
All 25 models by family
DCF Models
FCF DCF 38.99 TWD 53.33 TWD 72.73 TWD 38
Owner Earnings 55.98 TWD 77.14 TWD 105.77 TWD 31
5Y Revenue Exit 42.79 TWD 63.79 TWD 89.58 TWD 39
5Y EBITDA Exit 48.87 TWD 74.53 TWD 103.04 TWD 41
5Y P/E Exit 51.84 TWD 79.77 TWD 107.44 TWD 38
10Y Revenue Exit 39.76 TWD 57.89 TWD 80.13 TWD 36
10Y EBITDA Exit 44.68 TWD 64.96 TWD 89.66 TWD 37
10Y P/E Exit 46.49 TWD 68.41 TWD 92.78 TWD 35
Earnings-Based
Graham-Dodd 29.26 TWD 65.80 TWD 84.16 TWD 54
PEG = 1.0 10.75 TWD 15.36 TWD 19.97 TWD 46
EPV 36.99 TWD 42.30 TWD 46.89 TWD 59
Dividend Discount
Gordon GGM 25.47 TWD 40.42 TWD 56.63 TWD 70
DDM Multi-Stage 25.47 TWD 36.57 TWD 48.49 TWD 61
Multiples
P/E Multiple 64.54 TWD 86.05 TWD 107.57 TWD 63
P/S Multiple 54.86 TWD 73.14 TWD 91.43 TWD 58
P/B Multiple 54.86 TWD 73.14 TWD 91.43 TWD 55
EV/EBIT 69.59 TWD 91.68 TWD 113.77 TWD 53
EV/EBITDA 62.40 TWD 82.09 TWD 101.77 TWD 54
EV/Revenue 48.00 TWD 67.14 TWD 86.28 TWD 43
Asset-Based
NCAV (Graham) 24.50 TWD 32.83 TWD 49.01 TWD 50
Growth DCF
Growth DCF 39.96 TWD 53.28 TWD 70.57 TWD 80
Rev-Margin DCF 42.79 TWD 64.15 TWD 86.77 TWD 74
Economic Profit
Residual Income 41.38 TWD 44.79 TWD 52.74 TWD 76
ROIC Compounder 36.99 TWD 42.30 TWD 46.89 TWD 72
Growth Earnings
Growth-Adj P/E 48.40 TWD 69.15 TWD 89.89 TWD 68

Widest divergence: Multiples (73.14 TWD) versus Asset-Based (32.83 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.3B TWD
Revenue growth (YoY) -4.6%
Net margin 7.8%
Return on equity 9.0%
Free cash flow 260M TWD FY2025
P/E ratio 23.2
More key figures
Operating margin 12.5%
EPS (TTM) 4.29 TWD
Dividend yield 3.1%
EPS growth (YoY) +22.7%
Net debt 469M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 64 · Market factors (momentum, volatility) 66

Profitability 40
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 99
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

CASwell, Inc. operates in network security appliance industry in Taiwan, the United States, Israel, China, the United Kingdom, Japan, France, and internationally. The company engages in the manufacturing of electronic components, computers, and their peripherals, as well as wholesale of electronic materials and information software services.

Full company description

CASwell, Inc. operates in network security appliance industry in Taiwan, the United States, Israel, China, the United Kingdom, Japan, France, and internationally. The company engages in the manufacturing of electronic components, computers, and their peripherals, as well as wholesale of electronic materials and information software services. It offers network security and management products, such as 2U, 1U, fanless desktop, desktop, and other core network appliances; cloud and data center switches, including server and telecom; cloud and enterprise network storage servers; and industrial control and automation products comprising industrial firewall and control systems. The company also provides edge/fog computing products, such as SD-WAN/UCPE/VCPE products, X86-based SDN switches, and NFV servers; proprietary, proprietary PoE, network, and POE network adapters; and proprietary acceleration, storage proprietary, and network acceleration modules. CASwell, Inc. was founded in 2007 and is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CASwell, Inc reported revenue of 4.3B TWD in FY2025 versus 4.7B TWD in FY2021, a compound −2.0%/yr. Reported net income was 316M TWD in FY2025, compounding +9.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
4.3B TWD
Latest YoY
+1.3%
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.
−4.7%
Avg. 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.
−4.6%
Avg. growth/yr (15Y) 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.
+5.7%
Revenue −2.0%/yr
FY21 4.7B TWD
FY22 5.0B TWD
FY23 4.1B TWD
FY24 4.3B TWD
FY25 4.3B TWD
Net income +9.5%/yr
FY21 220M TWD
FY22 428M TWD
FY23 323M TWD
FY24 330M TWD
FY25 316M TWD
Character of growth · EPS growth decomposed (2014-2025) −2.3 % p.a.
Revenue per share +0.6 pp

of which total revenue +2.8 pp · buybacks/dilution −2.1 pp

EBIT margin −2.7 pp
Tax rate −0.5 pp
Residual (interest, one-offs) +0.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

6416 screens 34% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "CASwell, Inc Fair Value". https://www.fairvalue-calculator.com/stock/6416

Peer Group

Communication Equipment · 286 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 65 · Top 25%
Fair Value upside −34% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth -5% · Below median
Dividend yield (TTM) 3.1% · Above median
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 23.2× · Cheaper than median
P/B 2.03× · Pricier than median
P/S (TTM) 1.71× · Pricier than median
P/FCF 0.9× · Cheaper than median
EV/EBITDA 16.9× · 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 30
PAST 36 · sector 15
HEALTH 97 · sector 98
DIVIDEND 62 · sector 25

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is CASwell, Inc (6416) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 68.15 TWD versus a price of 103.50 TWD, about −34% (overvalued).
What is the fair value of 6416?
Our model-based fair value for CASwell, Inc is 68.15 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 103.50 TWD.
What is the quality score of 6416?
CASwell, Inc 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 revenue of CASwell, Inc (6416)?
CASwell, Inc reported trailing-twelve-month revenue of about 4.3B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6416?
The net profit margin of CASwell, Inc is about 7.8%, meaning it keeps roughly 7.8% 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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