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Polaris Group (6550) Fair Value & Analysis

Healthcare · TW · Market cap 10.8B TWD

PG Polaris Group 6550 · TW
Price10.15 TWD
Fair Value5.10 TWD
Upside-49.8%
Quality28/100
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Expensive Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (3/9)
Narrow moat 5/100
Evidence: Low Range 3.51 TWD – 6.38 TWD Share as image

Fair value as of: Aug 19, 2026

From 1 valuation models · updated today

Fair value updated Aug 19, 2026, revised from 0.1600 TWD to 5.10 TWD (+3,087.5%) since Aug 13, 2026. Share price −17.5% over the past month.

Below-average quality, and screening another 50% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (6.38 TWD). The favourable scenario is already priced in.
  • Weak quality (28/100) 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 (3.51 TWD to 6.38 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

218.00 TWD 10.15 TWD Fair Value 5.10 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 10.15 TWD – 218.00 TWD · fair‑value band 3.51 TWD – 6.38 TWD · the 10.15 TWD price screens above the 5.10 TWD fair value. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Polaris Group (6550) currently trades at 10.15 TWD, while our model-based Fair Value estimate is 5.10 TWD, implying the stock looks roughly 49.8% overvalued today. The Quality Score stands at 28/100 (below-average 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: low).

Trailing-twelve-month revenue stands at 69.3M TWD. It earns a return on equity of -69.5%. Net debt stands at 517M TWD. Fundamentals as of Aug 19, 2026

Our scenario range runs from 3.51 TWD (bear case) to 6.38 TWD (bull case); at 10.15 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 77% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -63% fair-value upside, at -50%, 6550 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
NCAV (Graham) 2.96 TWD 3.97 TWD 5.92 TWD 50
All 1 models by family
Asset-Based
NCAV (Graham) 2.96 TWD 3.97 TWD 5.92 TWD 50

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Key figures & financial health

Revenue (TTM) 69.3M TWD
Revenue growth (YoY) +340%
Return on equity -69.5%
Free cash flow −3.2B TWD FY2025
Operating margin -1,500%
EPS (TTM) -4.88 TWD
More key figures
Net debt 517M TWD FY2025

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 30 · Market factors (momentum, volatility) 19

Profitability 0
Margins and returns on capital today
Quality Growth 9
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 59
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

Polaris Group, together with its subsidiaries, offers biotechnology, pharmaceutical testing, and contract development and manufacturing services. The company engages in the research, development, manufacture and sale of new drugs. It also offers healthcare consulting, staffing, and MDS solutions.

Full company description

Polaris Group, together with its subsidiaries, offers biotechnology, pharmaceutical testing, and contract development and manufacturing services. The company engages in the research, development, manufacture and sale of new drugs. It also offers healthcare consulting, staffing, and MDS solutions. The company was incorporated in 2006 and is based in Grand Cayman, Cayman Islands.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Polaris Group reported revenue of 40.6M TWD in FY2025 versus 15.0M TWD in FY2021, a compound +28.2%/yr. Reported net income was −3.9B TWD in FY2025.

Growth Quality 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
40.6M TWD
Latest YoY
−62.1%
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.
+84.7%
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.
+34.0%
Revenue +28.2%/yr
FY21 15.0M TWD
FY22 6.4M TWD
FY23 7.5M TWD
FY24 107M TWD
FY25 40.6M TWD
Net income
FY21 −740M TWD
FY22 −1.2B TWD
FY23 −1.6B TWD
FY24 −2.5B TWD
FY25 −3.9B TWD

6550 screens 50% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Polaris Group Fair Value". https://www.fairvalue-calculator.com/stock/6550

Peer Group

Biotechnology · 616 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 30 · Bottom 25%
Fair Value upside −50% · Below median
Return on assets -21% · Below median
Net margin (TTM) 0% · Above median
Revenue growth 340% · Top 25%
Debt / equity 0.40× · Higher than 75% of peers

Valuation Multiples vs Biotechnology median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 4.87× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 0
PAST0 · sector 0
HEALTH80 · sector 97
DIVIDEND0 · sector 28

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 19, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $525.73 $278.78 -47%
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 2,104 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 314,000 KRW 39,476 KRW -87%
Biocon Limited BIOCON ₹417.50 ₹52.10 -88%

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Frequently asked questions

Is Polaris Group (6550) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 5.10 TWD versus a price of 10.15 TWD, about −50% (overvalued).
What is the fair value of 6550?
Our model-based fair value for Polaris Group is 5.10 TWD (as of Aug 19, 2026), built from audited fundamentals. The current price: 10.15 TWD.
What is the quality score of 6550?
Polaris Group has a Quality Score of 28/100. 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 Polaris Group (6550)?
Polaris Group reported trailing-twelve-month revenue of about 69.3M TWD (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 6550?
The net profit margin of Polaris Group is about 0.0%, meaning it keeps roughly 0.0% 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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