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Provision Information Co (6590) Fair Value & Analysis

Technology · TW · Market cap 1.7B TWD

PI Provision Information Co 6590 · TWO
Price64.40 TWD
Fair Value78.23 TWD
Upside+21.5%
Quality60/100
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Healthy Growth
Solidly profitable · 19.1% net margin
Low debt · generates free cash flow
4.19% dividend yield
Ranks above peers (10/14)
Wide moat 69/100
Evidence: Medium Range 49.69 TWD – 97.91 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price −5.6% over the past month.

A solid business, screening 21% undervalued on our models.

What matters now

  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (49.69 TWD to 97.91 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

373.42 TWD 31.93 TWD Fair Value 78.23 TWD Feb 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 31.93 TWD – 373.42 TWD · fair‑value band 49.69 TWD – 97.91 TWD · the 64.40 TWD price screens below the 78.23 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

Provision Information Co (6590) currently trades at 64.40 TWD, while our model-based Fair Value estimate is 78.23 TWD, implying the stock looks roughly 21.5% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Technology 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: medium), always confirm before acting.

Over the trailing twelve months, Provision Information Co generated revenue of 664M TWD at a net margin of 19.1%. Revenue grew 0.4% year over year. It earns a return on equity of 19.2%. Net debt stands at 15.2M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 49.69 TWD (bear case) to 97.91 TWD (bull case); at 64.40 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. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at 21%, 6590 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 54.19 TWD 81.51 TWD 119.58 TWD 80
Residual Income 28.72 TWD 36.75 TWD 84.21 TWD 76
Rev-Margin DCF 51.15 TWD 81.97 TWD 120.57 TWD 74
All 26 models by family
DCF Models
FCF DCF 54.66 TWD 85.01 TWD 129.69 TWD 38
Owner Earnings 34.60 TWD 52.93 TWD 79.92 TWD 31
5Y Revenue Exit 51.15 TWD 82.33 TWD 123.56 TWD 39
5Y EBITDA Exit 62.15 TWD 104.37 TWD 156.08 TWD 41
5Y P/E Exit 65.58 TWD 111.23 TWD 162.14 TWD 38
10Y Revenue Exit 50.58 TWD 78.63 TWD 119.37 TWD 36
10Y EBITDA Exit 58.46 TWD 93.14 TWD 143.56 TWD 37
10Y P/E Exit 60.52 TWD 97.66 TWD 148.06 TWD 35
Earnings-Based
Graham-Dodd 34.27 TWD 143.89 TWD 196.30 TWD 54
Lynch FV 36.51 TWD 52.16 TWD 67.81 TWD 50
PEG = 1.0 36.51 TWD 52.16 TWD 67.81 TWD 46
EPV 46.23 TWD 51.99 TWD 56.79 TWD 59
Dividend Discount
Gordon GGM 18.97 TWD 34.18 TWD 47.05 TWD 70
DDM Multi-Stage 18.97 TWD 31.22 TWD 36.51 TWD 61
Multiples
P/E Multiple 75.59 TWD 100.79 TWD 125.99 TWD 63
P/S Multiple 49.85 TWD 66.47 TWD 83.09 TWD 58
P/B Multiple 63.77 TWD 85.03 TWD 106.29 TWD 55
EV/EBIT 90.02 TWD 118.70 TWD 147.37 TWD 53
EV/EBITDA 73.48 TWD 96.64 TWD 119.80 TWD 54
EV/Revenue 50.53 TWD 70.47 TWD 90.41 TWD 43
Asset-Based
NCAV (Graham) 14.17 TWD 18.99 TWD 28.34 TWD 50
Growth DCF
Growth DCF 54.19 TWD 81.51 TWD 119.58 TWD 80
Rev-Margin DCF 51.15 TWD 81.97 TWD 120.57 TWD 74
Economic Profit
Residual Income 28.72 TWD 36.75 TWD 84.21 TWD 76
ROIC Compounder 50.16 TWD 62.07 TWD 76.18 TWD 72
Growth Earnings
Growth-Adj P/E 60.35 TWD 86.22 TWD 112.08 TWD 68

Widest divergence: Growth Earnings (86.22 TWD) versus Asset-Based (18.99 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 664M TWD
Revenue growth (YoY) +0.4%
Net margin 19.1%
Return on equity 19.2%
Free cash flow 124M TWD FY2025
P/E ratio 13.1
More key figures
Operating margin 17.4%
EPS (TTM) 5.09 TWD
EPS growth (YoY) +1.5%
Net debt 15.2M TWD FY2023

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 61 · Market factors (momentum, volatility) 34

Profitability 59
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 0
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

Provision Information Co.,Ltd. provides payment, financial application, security solutions, and outsourcing services in Taiwan.

Full company description

Provision Information Co.,Ltd. provides payment, financial application, security solutions, and outsourcing services in Taiwan. The company offers payment solutions such as FISC, mobile, TCH, and digital payment solutions; and financial application solutions, such as ProFEP, a shared platform for developing financial transaction; ProComm which provides solutions for internal system connection of banks; ProFCS which offers services of file exchange, schedule handling, and file format exchange between different systems; ProMIPS encryption kit for file transmission; ProACS provides transaction control service for automation machines; ProAMS, that integrates ProACS to provide services of online monitoring, command releasing, and accident circulating; and ProJCIC offers a user-friendly interface to authorized users in banks to inquire JCIC system. It also provides information security service such as ProHSMTM (Hardware Security Module), a financial payment provides payment cryptographic functions; ProHSMT KM, a key management console for ProHSMTM or other HSMs; ProMonitor that provides HSM real-time status monitoring; ProHSM SUIP, a security user interface program; ProVA a solution to process financial certificates; and ProHSM Saas which provides access control list mechanism. In addition, the company offers outsourcing services. Provision Information Co.,Ltd. was founded in 1990 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Provision Information Co reported revenue of 664M TWD in FY2025 versus 464M TWD in FY2021, a compound +9.4%/yr. Reported net income was 126M TWD in FY2025, compounding +10.4%/yr from FY2021.

Growth Quality 91/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
664M TWD
Latest YoY
+13.2%
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.
+8.4%
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.
+10.2%
Avg. growth/yr (6Y) 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.
+8.8%
Revenue +9.4%/yr
FY21 464M TWD
FY22 521M TWD
FY23 676M TWD
FY24 586M TWD
FY25 664M TWD
Net income +10.4%/yr
FY21 84.8M TWD
FY22 92.1M TWD
FY23 129M TWD
FY24 107M TWD
FY25 126M TWD

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Cite: Fair Value Calculator (2026). "Provision Information Co Fair Value". https://www.fairvalue-calculator.com/stock/6590

Peer Group

Software - Application · 709 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 60 · Above median
Fair Value upside +22% · Top 25%
Return on equity (TTM) 19% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 4.2% · Top 25%
Debt / equity 0.19× · Higher than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 13.0× · Cheaper than 75% of peers
P/B 2.34× · Pricier than median
P/S (TTM) 2.49× · Pricier than median
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 9.9× · 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 62 · sector 0
FUTURE 2 · sector 38
PAST 77 · sector 13
HEALTH 90 · sector 98
DIVIDEND 84 · sector 28

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Provision Information Co (6590) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 78.23 TWD versus a price of 64.40 TWD, about +21% (undervalued).
What is the fair value of 6590?
Our model-based fair value for Provision Information Co is 78.23 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 64.40 TWD.
What is the quality score of 6590?
Provision Information Co has a Quality Score of 60/100. 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 Provision Information Co (6590)?
Provision Information Co reported trailing-twelve-month revenue of about 664M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6590?
The net profit margin of Provision Information Co is about 19.1%, meaning it keeps roughly 19.1% 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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