Sincere Security Corp. Ltd. (6721) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Sincere Security Corp. Ltd. stock TWD 79.45, price TWD 44.20, upside +79.8%, quality 64 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 32.24 TWD – 59.37 TWD · fair‑value band 55.61 TWD – 111.22 TWD · the 44.20 TWD price screens below the 79.45 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Sincere Security Corp. Ltd., together with its subsidiaries, engages in the cleaning, security, and mechanical and electrical maintenance services in Taiwan. It offers building management, and fire safety equipment installation and maintenance services, as well as elderly housing, and home services.
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Sincere Security Corp. Ltd. was founded in 1997 and is based in Zhubei, Taiwan.
Stock analysis
Sincere Security Corp. Ltd. (6721) currently trades at 44.20 TWD, while our model-based Fair Value estimate is 79.45 TWD, implying the stock looks roughly 44% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 91.17 TWD per share, and 24 of the 26 models we run sit above the 44.20 TWD price.
Bear case: the Asset-Based group reads lowest at 19.88 TWD, and 2 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 55.61 TWD (bear) to 111.22 TWD (bull), the price of 44.20 TWD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sincere Security Corp. Ltd. reported revenue of 3.6B TWD in FY2025 versus 2.2B TWD in FY2021, a compound +13.1%/yr. Reported net income was 105M TWD in FY2025, compounding −1.0%/yr from FY2021.
Key figures
Market cap 1.1B TWD (≈ $33.0M) Micro · P/E ratio 8.8 · P/S ratio 0.29 · EPS (TTM) 5.03 TWD · Dividend yield 7.5% · Net margin 3.1% · Return on equity 18.0% · Return on assets (EBIT) 9.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −12% fair-value upside, at 80%, 6721 screens cheaper than that median.
Fair Value models
Bear55.61 TWDFair Value 79.45 TWDBull111.22 TWD
Price 44.20 TWD · Upside +79.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.48 TWD per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.83/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.1%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+4.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.1%
Dividend (yield on the price)7.5%
Profit margin 2021 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 3%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−3.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −4.8% a year for the price.
Compare Sincere Security Corp. Ltd. with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Business Services · 229 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Above median
Fair Value upside+79.8% · Top 25%
Profitability
Return on equity (12 months)18.0% · Top 25%
Return on assets8.5% · Top 25%
Net margin (12 months)3.1% · Below median
Operating margin (12 months)4.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)2.3% · Below median
Dividend yield (12 months)7.5% · Top 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/E (12 months)8.8× · Cheapest 25%
P/B1.64× · Cheaper than median
P/S (12 months)0.29× · Cheapest 25%
Price / free cash flow (fiscal year)17.6× · Pricier than median
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Is Sincere Security Corp. Ltd. (6721) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 79.45 TWD versus a price of 44.20 TWD, about +80% upside (undervalued).
What is the fair value of 6721?
Our model-based fair value for Sincere Security Corp. Ltd. is 79.45 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 44.20 TWD.
What is the quality score of 6721?
Sincere Security Corp. Ltd. has a Quality Score of 64/100. 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 price target for Sincere Security Corp. Ltd. (6721)?
Our model-based price target is the fair value of 79.45 TWD (as of Nov 3, 2026) from 26 valuation models. Cautious scenario 55.61 TWD, optimistic scenario 111.22 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Sincere Security Corp. Ltd. stock forecast for 2026?
Our models put fair value at 79.45 TWD, about +80% upside versus a price of 44.20 TWD (undervalued). Cautious scenario 55.61 TWD, optimistic scenario 111.22 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Sincere Security Corp. Ltd. (6721)?
Sincere Security Corp. Ltd. reported trailing-twelve-month revenue of about 3.7B TWD (latest available figure, as of Nov 3, 2026).
Does Sincere Security Corp. Ltd. pay a dividend?
Sincere Security Corp. Ltd. currently shows a dividend yield of 7.47% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Sincere Security Corp. Ltd. (6721) and when is the ex-dividend date?
Sincere Security Corp. Ltd. pays a dividend of 3.30 TWD per share a year, a dividend yield of 7.5%. The last ex-dividend date was Jun 18, 2026. A dividend has been paid every year since at least 2019. The payout ratio is 65.6% of earnings. Free cash flow covers the dividend 0.76 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Sincere Security Corp. Ltd. (6721)?
For today's price to be fair in a discounted-cash-flow model, Sincere Security Corp. Ltd. would have to grow free cash flow by -3.3 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +13.1 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 6721 use?
Our models discount Sincere Security Corp. Ltd. at 9.0 %: a base by market capitalisation (nano), damped by beta 0.09, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sincere Security Corp. Ltd. that is -3.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Sincere Security Corp. Ltd. (6721) delivered so far?
Over the past 4 years revenue at Sincere Security Corp. Ltd. grew +13.1 % a year. The price currently implies free-cash-flow growth of -3.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sincere Security Corp. Ltd. (6721) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Sincere Security Corp. Ltd. (-3.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sincere Security Corp. Ltd. (6721)?
The free-cash-flow yield on the price is 6.17 %: that much free cash flow Sincere Security Corp. Ltd. produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sincere Security Corp. Ltd. (6721)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sincere Security Corp. Ltd. it is 79.45 TWD per share (as of Nov 3, 2026), against a price of 44.20 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sincere Security Corp. Ltd. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 6721 trades below its calculated fair value: price 44.20 TWD, fair value 79.45 TWD, a gap of about +80% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 6721?
No. The price is what the market pays today (44.20 TWD); the fair value is what the company's own numbers justify (79.45 TWD). For Sincere Security Corp. Ltd. the two are 35.25 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Sincere Security Corp. Ltd. worth?
The market values Sincere Security Corp. Ltd. at about 1.1B TWD (market capitalisation, as of Nov 3, 2026). Per share that is 44.20 TWD; our models calculate a fair value of 79.45 TWD per share.
What do the bullish and bearish scenarios say about 6721?
Our models span a range for Sincere Security Corp. Ltd.: cautious scenario 55.61 TWD, base 79.45 TWD, optimistic 111.22 TWD per share (as of Nov 3, 2026, price 44.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6721?
Sincere Security Corp. Ltd. trades at a price-to-earnings ratio of 8.8 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 79.45 TWD is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 13.4. Other multiples: P/B 1.6, P/S 0.3, EV/EBITDA 4.5.
How solid is the balance sheet of Sincere Security Corp. Ltd. (6721)?
Balance-sheet figures for Sincere Security Corp. Ltd. (as of Nov 3, 2026): return on equity 18.0%, debt of 0.06 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 6721 from its 52-week high?
Sincere Security Corp. Ltd. trades at 44.20 TWD, about 26% below its 52-week high of 59.37 TWD and at the low of 44.20 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 79.45 TWD is for.
Which stocks are comparable to Sincere Security Corp. Ltd.?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sincere Security Corp. Ltd. stock attractive at the current price?
The data as of Nov 3, 2026: price 44.20 TWD, calculated fair value 79.45 TWD (+80%), Quality Score 64/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 6721 calculated?
We run Sincere Security Corp. Ltd. through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 79.45 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Sincere Security Corp. Ltd. currently trades 44% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sincere Security Corp. Ltd. (6721)?
The closing price on Nov 9, 2026 was 44.20 TWD. Our model-based fair value is 79.45 TWD, about +80% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sincere Security Corp. Ltd. right now?
The price is below even our cautious bear case (55.61 TWD). The market is more pessimistic than our downside scenario. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (55.61 TWD to 111.22 TWD) leaves room in how you read the outcome.
Key figures of Sincere Security Corp. Ltd.
How large is the market capitalisation of Sincere Security Corp. Ltd. (6721)?
The market capitalisation of Sincere Security Corp. Ltd. is 1.1B TWD (≈ $33.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sincere Security Corp. Ltd. (6721)?
The price-to-sales ratio of Sincere Security Corp. Ltd. is 0.29 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sincere Security Corp. Ltd. (6721)?
Earnings per share at Sincere Security Corp. Ltd. are 5.03 TWD (price ÷ EPS = P/E 8.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sincere Security Corp. Ltd. (6721)?
The dividend yield of Sincere Security Corp. Ltd. is 7.5% (payout 65.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sincere Security Corp. Ltd. (6721)?
The net margin of Sincere Security Corp. Ltd. is 3.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sincere Security Corp. Ltd. (6721)?
The return on equity (ROE) of Sincere Security Corp. Ltd. is 18.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sincere Security Corp. Ltd. (6721)?
On an EBIT basis the return on assets of Sincere Security Corp. Ltd. is 9.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sincere Security Corp. Ltd. (6721)?
The operating margin of Sincere Security Corp. Ltd. is 4.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sincere Security Corp. Ltd. (6721)?
Revenue at Sincere Security Corp. Ltd. is growing +2.3% versus a year earlier (3y avg +11.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sincere Security Corp. Ltd. (6721)?
Earnings per share at Sincere Security Corp. Ltd. are growing +26.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 3, 2026