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Art Emperor Technology And Culture Co (6650) Fair Value & Analysis

Communication Services · TW · Market cap 902M TWD

AE Art Emperor Technology And Culture Co 6650 · TWO
Price28.50 TWD
Fair Value41.48 TWD
Upside+45.5%
Quality57/100
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Mixed Growth
Highly profitable · 21.9% net margin
generates free cash flow
3.62% dividend yield
Mixed vs. peers (7/13)
Wide moat 67/100
Evidence: High Range 28.88 TWD – 55.45 TWD Share as image

Fair value as of: Jul 23, 2026

From 25 valuation models · updated 18 days ago

Share price −0.2% over the past month.

A solid business, screening 46% undervalued on our models.

What matters now

  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (28.88 TWD to 55.45 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

55.03 TWD 25.58 TWD Fair Value 41.48 TWD Feb 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 25.58 TWD – 55.03 TWD · fair‑value band 28.88 TWD – 55.45 TWD · the 28.50 TWD price screens below the 41.48 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Art Emperor Technology And Culture Co (6650) currently trades at 28.50 TWD, while our model-based Fair Value estimate is 41.48 TWD, implying the stock looks roughly 45.5% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Communication Services 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, Art Emperor Technology And Culture Co generated revenue of 151M TWD at a net margin of 21.9%. Revenue declined 21.5% year over year. It earns a return on equity of 7.7%. The balance sheet holds a net cash position of 349M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 28.88 TWD (bear case) to 55.45 TWD (bull case); at 28.50 TWD, the current price sits below 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 51% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 2% fair-value upside, at 46%, 6650 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
Residual Income 13.96 TWD 16.60 TWD 27.51 TWD 76
Growth DCF 22.65 TWD 27.97 TWD 35.19 TWD 72
Gordon GGM 15.54 TWD 28.00 TWD 38.55 TWD 70
All 25 models by family
DCF Models
FCF DCF 22.69 TWD 28.47 TWD 36.68 TWD 38
5Y Revenue Exit 24.78 TWD 33.60 TWD 45.23 TWD 39
5Y EBITDA Exit 30.76 TWD 45.31 TWD 62.98 TWD 41
5Y P/E Exit 36.78 TWD 57.07 TWD 79.43 TWD 38
10Y Revenue Exit 23.40 TWD 30.90 TWD 41.64 TWD 36
10Y EBITDA Exit 27.34 TWD 38.51 TWD 54.55 TWD 37
10Y P/E Exit 30.91 TWD 46.15 TWD 66.51 TWD 35
Earnings-Based
Graham-Dodd 15.44 TWD 59.00 TWD 79.92 TWD 54
Lynch FV 14.37 TWD 20.52 TWD 26.68 TWD 50
PEG = 1.0 14.37 TWD 20.52 TWD 26.68 TWD 46
EPV 29.56 TWD 31.95 TWD 33.93 TWD 59
Dividend Discount
Gordon GGM 15.54 TWD 28.00 TWD 38.55 TWD 70
DDM Multi-Stage 15.54 TWD 25.58 TWD 29.91 TWD 61
Multiples
P/E Multiple 37.46 TWD 49.95 TWD 62.43 TWD 63
P/S Multiple 18.25 TWD 24.33 TWD 30.41 TWD 58
P/B Multiple 28.95 TWD 38.59 TWD 48.24 TWD 55
EV/EBIT 45.47 TWD 56.60 TWD 67.73 TWD 53
EV/EBITDA 38.60 TWD 47.45 TWD 56.29 TWD 54
EV/Revenue 26.68 TWD 32.93 TWD 39.19 TWD 43
Asset-Based
NCAV (Graham) 7.29 TWD 9.76 TWD 14.57 TWD 50
Growth DCF
Growth DCF 22.65 TWD 27.97 TWD 35.19 TWD 72
Rev-Margin DCF 24.78 TWD 33.46 TWD 44.01 TWD 67
Economic Profit
Residual Income 13.96 TWD 16.60 TWD 27.51 TWD 76
ROIC Compounder 30.28 TWD 33.55 TWD 36.79 TWD 67
Growth Earnings
Growth-Adj P/E 26.86 TWD 38.37 TWD 49.88 TWD 68

Widest divergence: Multiples (38.59 TWD) versus Asset-Based (9.76 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 151M TWD
Revenue growth (YoY) -21.5%
Net margin 21.9%
Return on equity 7.7%
Free cash flow 33.2M TWD FY2024
P/E ratio 26.5
More key figures
Operating margin 23.5%
EPS (TTM) 1.06 TWD
EPS growth (YoY) +24.6%
Net cash 349M TWD FY2024

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 57 · Market factors (momentum, volatility) 30

Profitability 50
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 46
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

Art Emperor Technology And Culture Co., Ltd. engages in the provision of art auction services. It also offers art auction and brokerage, art online platform, curatorial services, and e-commerce businesses. The company was incorporated in 1998 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Art Emperor Technology And Culture Co reported revenue of 216M TWD in FY2024 versus 172M TWD in FY2020, a compound +5.9%/yr. Reported net income was 70.6M TWD in FY2024, compounding +6.6%/yr from FY2020.

Growth Quality 78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
216M TWD
Latest YoY
+26.2%
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.
+6.2%
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.
+14.9%
Revenue +5.9%/yr
FY20 172M TWD
FY21 180M TWD
FY22 185M TWD
FY23 171M TWD
FY24 216M TWD
Net income +6.6%/yr
FY20 54.7M TWD
FY21 63.2M TWD
FY22 89.6M TWD
FY23 60.0M TWD
FY24 70.6M TWD

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Cite: Fair Value Calculator (2026). "Art Emperor Technology And Culture Co Fair Value". https://www.fairvalue-calculator.com/stock/6650

Peer Group

Internet Content & Information · 151 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 57 · Below median
Fair Value upside +46% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 2% · Above median
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth -22% · Bottom 25%
Dividend yield (TTM) 3.6% · Above median

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/E (TTM) 27.4× · Pricier than median
P/B 1.99× · Pricier than median
P/S (TTM) 5.95× · Pricier than 75% of peers
P/FCF 0.8× · Cheaper than 75% of peers
EV/EBITDA 16.0× · 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.

VALUE 94 · sector 0
FUTURE 0 · sector 31
PAST 31 · sector 10
HEALTH 0 · sector 99
DIVIDEND 72 · sector 43

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 Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Alphabet Inc GOOGL $354.46 $145.14 -59%
Meta Platforms, Inc META $669.21 $534.91 -20%
Tencent Holdings 0700 HK$460.20 HK$467.50 +2%
Spotify Technology S.A SPOT $485.38 $209.56 -57%
Baidu, Inc BIDU $113.30 $451.51 +299%
Reddit, Inc RDDT $195.34 $39.59 -80%
Kuaishou Technology, an investment holding company, 1024 HK$44.70 HK$101.03 +126%
NAVER Corporation 035420 191,300 KRW 231,585 KRW +21%
Tencent Music Entertainment Group 1698 HK$34.74 HK$65.78 +89%
REA Group REA A$149.14 A$88.53 -41%

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Frequently asked questions

Is Art Emperor Technology And Culture Co (6650) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 41.48 TWD versus a price of 28.50 TWD, about +46% (undervalued).
What is the fair value of 6650?
Our model-based fair value for Art Emperor Technology And Culture Co is 41.48 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 28.50 TWD.
What is the quality score of 6650?
Art Emperor Technology And Culture Co has a Quality Score of 57/100. 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 Art Emperor Technology And Culture Co (6650)?
Art Emperor Technology And Culture Co reported trailing-twelve-month revenue of about 151M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6650?
The net profit margin of Art Emperor Technology And Culture Co is about 21.9%, meaning it keeps roughly 21.9% 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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