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Pegavision Corporation (6491) Fair Value & Analysis

Healthcare · TW · Market cap 26.0B TWD

PC Pegavision Corporation 6491 · TW
Price373.00 TWD
Fair Value406.09 TWD
Upside+8.9%
Quality52/100
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Expensive Growth
Highly profitable · 22.0% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Wide moat 73/100
Evidence: High Range 292.44 TWD – 506.08 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 17 days ago

Share price −0.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 292.44 TWD (bear) to 506.08 TWD (bull), base 406.09 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 52/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

496.50 TWD 33.13 TWD Fair Value 406.09 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 33.13 TWD – 496.50 TWD · fair‑value band 292.44 TWD – 506.08 TWD · the 373.00 TWD price screens below the 406.09 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Pegavision Corporation (6491) currently trades at 373.00 TWD, while our model-based Fair Value estimate is 406.09 TWD, implying the stock looks roughly 8.9% fairly valued today. The Quality Score stands at 52/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Pegavision Corporation generated revenue of 7.3B TWD at a net margin of 22.0%. Revenue grew 18.3% year over year. It earns a return on equity of 14.9%. The balance sheet holds a net cash position of 470M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 292.44 TWD (bear case) to 506.08 TWD (bull case); at 373.00 TWD, the current price sits within 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 Healthcare peers we cover trades at -43% fair-value upside, at 9%, 6491 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 BearBaseBull Evidence
Highest evidence
Growth DCF 224.90 TWD 444.44 TWD 795.19 TWD 80
Residual Income 147.80 TWD 183.85 TWD 405.78 TWD 76
Rev-Margin DCF 218.58 TWD 397.39 TWD 649.40 TWD 74
All 26 models by family
DCF Models
FCF DCF 231.25 TWD 410.25 TWD 867.46 TWD 38
Owner Earnings 191.26 TWD 378.13 TWD 741.38 TWD 31
5Y Revenue Exit 218.58 TWD 405.78 TWD 674.88 TWD 39
5Y EBITDA Exit 316.93 TWD 625.89 TWD 1,042 TWD 41
5Y P/E Exit 314.85 TWD 621.24 TWD 999.36 TWD 38
10Y Revenue Exit 214.08 TWD 400.16 TWD 718.84 TWD 36
10Y EBITDA Exit 288.89 TWD 569.39 TWD 1,052 TWD 37
10Y P/E Exit 287.46 TWD 565.81 TWD 1,013 TWD 35
Earnings-Based
Graham-Dodd 144.15 TWD 863.92 TWD 1,204 TWD 54
Lynch FV 246.18 TWD 351.68 TWD 457.19 TWD 50
PEG = 1.0 246.18 TWD 351.68 TWD 457.19 TWD 46
EPV 194.74 TWD 224.47 TWD 250.49 TWD 59
Dividend Discount
Gordon GGM 102.58 TWD 213.28 TWD 338.35 TWD 70
DDM Multi-Stage 102.58 TWD 179.84 TWD 223.85 TWD 61
Multiples
P/E Multiple 349.78 TWD 466.37 TWD 582.96 TWD 63
P/S Multiple 240.60 TWD 320.81 TWD 401.01 TWD 58
P/B Multiple 270.28 TWD 360.37 TWD 450.47 TWD 55
EV/EBIT 316.31 TWD 416.31 TWD 516.30 TWD 53
EV/EBITDA 369.21 TWD 486.83 TWD 604.46 TWD 54
EV/Revenue 208.82 TWD 291.31 TWD 373.80 TWD 43
Asset-Based
NCAV (Graham) 75.72 TWD 101.47 TWD 151.45 TWD 50
Growth DCF
Growth DCF 224.90 TWD 444.44 TWD 795.19 TWD 80
Rev-Margin DCF 218.58 TWD 397.39 TWD 649.40 TWD 74
Economic Profit
Residual Income 147.80 TWD 183.85 TWD 405.78 TWD 76
ROIC Compounder 221.93 TWD 317.41 TWD 408.95 TWD 72
Growth Earnings
Growth-Adj P/E 365.93 TWD 522.76 TWD 679.58 TWD 68

Widest divergence: Growth Earnings (522.76 TWD) versus Asset-Based (101.47 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 7.3B TWD
Revenue growth (YoY) +18.3%
Net margin 22.0%
Return on equity 14.9%
Free cash flow 1.1B TWD FY2025
P/E ratio 16.4
More key figures
Operating margin 28.8%
EPS (TTM) 20.64 TWD
EPS growth (YoY) -3.5%
Net cash 470M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 54 · Market factors (momentum, volatility) 72

Profitability 56
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 1
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 76
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 63
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

Pegavision Corporation manufactures and sells medical devices, and optical and precision instruments in Taiwan. It offers soft contact lenses. The company was founded in 2009 and is based in Taoyuan City, Taiwan. Pegavision Corporation operates as a subsidiary of Pegatron Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pegavision Corporation reported revenue of 7.0B TWD in FY2025 versus 5.6B TWD in FY2021, a compound +5.9%/yr. Reported net income was 1.6B TWD in FY2025, compounding +6.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
7.0B TWD
Latest YoY
+3.3%
Avg. growth/yr (3Y)
+3.7%
Avg. growth/yr (5Y)
+12.1%
Avg. growth/yr (13Y)
+30.1%
Revenue +5.9%/yr
FY21 5.6B TWD
FY22 6.3B TWD
FY23 6.8B TWD
FY24 6.8B TWD
FY25 7.0B TWD
Net income +6.9%/yr
FY21 1.2B TWD
FY22 1.5B TWD
FY23 1.7B TWD
FY24 1.8B TWD
FY25 1.6B TWD

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Cite: Fair Value Calculator (2026). "Pegavision Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6491

Peer Group

Medical Instruments & Supplies · 203 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 52 · Below median
Fair Value upside +9% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth 18% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 16.4× · Cheaper than median
P/B 2.23× · Pricier than median
P/S (TTM) 3.54× · Pricier than median
P/FCF 0.7× · Cheaper than 75% of peers
EV/EBITDA 9.3× · 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 45 · sector 0
FUTURE 92 · sector 27
PAST 59 · sector 25
HEALTH 98 · sector 96
DIVIDEND 0 · sector 32

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is Pegavision Corporation (6491) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 406.09 TWD versus a price of 373.00 TWD, about +9% (fairly valued).
What is the fair value of 6491?
Our model-based fair value for Pegavision Corporation is 406.09 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 373.00 TWD.
What is the quality score of 6491?
Pegavision Corporation has a Quality Score of 52/100. 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 Pegavision Corporation (6491)?
Pegavision Corporation reported trailing-twelve-month revenue of about 7.3B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6491?
The net profit margin of Pegavision Corporation is about 22.0%, meaning it keeps roughly 22.0% 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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