91App Inc (6741) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of 91App Inc TWD 115, price TWD 55.20, upside +107.5%, quality 81 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 54.20 TWD – 373.38 TWD · fair‑value band 73.65 TWD – 155.40 TWD · the 55.20 TWD price screens below the 114.54 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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91APP, Inc., a Software-as-a-Service company, provides information system software and e-commerce value-added services in Taiwan, Hong Kong, Singapore, and Malaysia. The company offers commerce and marketing cloud; 91APP payments; retail media marketing; and OMO Essential, OMO advanced, and OMO enterprise solutions.
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91APP, Inc., a Software-as-a-Service company, provides information system software and e-commerce value-added services in Taiwan, Hong Kong, Singapore, and Malaysia. The company offers commerce and marketing cloud; 91APP payments; retail media marketing; and OMO Essential, OMO advanced, and OMO enterprise solutions. It also provides 360 TP Operation, a digital agency for brand management activities, such as official website operation, commodity management, marketing activities, e-commerce platform operation, advertisement/video, order processing/customer service, data analysis, and brand OMO consultation. It serves ecommerce stores, brick-and-mortar business owners, and mega-chain store enterprises. The company was incorporated in 2013 and is headquartered in Taipei City, Taiwan.
Stock analysis
91App Inc (6741) currently trades at 55.20 TWD, while our model-based Fair Value estimate is 114.54 TWD, implying the stock looks roughly 51.8% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 123.20 TWD per share, and 21 of the 24 models we run sit above the 55.20 TWD price.
Bear case: the Asset-Based group reads lowest at 19.22 TWD, and 3 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 73.65 TWD (bear) to 155.40 TWD (bull), the price of 55.20 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 81/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
91App Inc reported revenue of 1.8B TWD in FY2025 versus 1.1B TWD in FY2021, a compound +13.2%/yr. Reported net income was 508M TWD in FY2025, compounding +14.2%/yr from FY2021.
Key figures
Market cap 6.3B TWD (≈ $198M) · P/E ratio 12.7 · P/S ratio 3.56 · EPS (TTM) 4.40 TWD · Dividend yield 3.7% · Net margin 28.1% · Return on equity 16.6% · Return on assets (EBIT) 10.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at 108%, 6741 screens cheaper than that median.
Fair Value models
Bear 73.65 TWDFair Value 114.54 TWDBull 155.40 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1.72 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.Evidence ⓘEvidence = 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.6%
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.
+12.7%
Revenue growth 5 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.
+15.6%
Start year 2020 (pandemic)
Revenue growth 7 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.
+19.1%
’18
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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.
+22.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.3%
Dividend (yield on the price)3.7%
Profit margin 2020 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.29% → 33%
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).
−10.0%
Yearly growth needed for the next five years to justify today's price.
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 −11.4% a year for the price.
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.Software - Infrastructure · 383 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score81 · Top 25%
Fair Value upside+106% · Top 25%
Profitability
Return on equity (TTM)17% · Top 25%
Return on assets8% · Top 25%
Net margin (TTM)26% · Top 25%
Operating margin (TTM)28% · Top 25%
Growth and dividend
Revenue growth31% · Top 25%
Dividend yield (TTM)3.7% · Top 25%
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
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Cite: Fair Value Calculator (2026). "91App Inc Fair Value". https://www.fairvalue-calculator.com/stock/6741
Frequently asked questions
Is 91App Inc (6741) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 114.54 TWD versus a price of 55.20 TWD, about +108% upside (undervalued).
What is the fair value of 6741?
Our model-based fair value for 91App Inc is 114.54 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 55.20 TWD.
What is the quality score of 6741?
91App Inc has a Quality Score of 81/100. 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 91App Inc (6741)?
Our model-based price target is the fair value of 114.54 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 73.65 TWD, optimistic scenario 155.40 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the 91App Inc stock forecast for 2026?
Our models put fair value at 114.54 TWD, about +108% upside versus a price of 55.20 TWD (undervalued). Cautious scenario 73.65 TWD, optimistic scenario 155.40 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of 91App Inc (6741)?
91App Inc reported trailing-twelve-month revenue of about 1.9B TWD (latest available figure, as of Sep 24, 2026).
Does 91App Inc pay a dividend?
91App Inc currently shows a dividend yield of about 3.72% relative to its recent price (as of Sep 24, 2026).
What growth is priced into 91App Inc (6741)?
For today's price to be fair in a discounted-cash-flow model, 91App Inc would have to grow free cash flow by -10.0 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6741 use?
Our models discount 91App Inc at 11.8 %: a base by market capitalisation (micro), damped by beta 0.39, 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 91App Inc that is -10.0 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has 91App Inc (6741) delivered so far?
Over the past 5 years revenue at 91App Inc grew +15.6 % a year. The price currently implies -10.0 % per year free-cash-flow growth a 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 91App Inc (6741) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into 91App Inc (-10.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of 91App Inc (6741)?
The free-cash-flow yield on the price is 8.81 %: that much free cash flow 91App Inc produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of 91App Inc (6741)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For 91App Inc it is 114.54 TWD per share (as of Sep 24, 2026), against a price of 55.20 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is 91App Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6741 trades below its calculated fair value: price 55.20 TWD, fair value 114.54 TWD, a gap of about +108% (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 6741?
No. The price is what the market pays today (55.20 TWD); the fair value is what the company's own numbers justify (114.54 TWD). For 91App Inc the two are 59.34 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is 91App Inc worth?
The market values 91App Inc at about 6.3B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 55.20 TWD; our models calculate a fair value of 114.54 TWD per share.
What do the bullish and bearish scenarios say about 6741?
Our models span a range for 91App Inc: cautious scenario 73.65 TWD, base 114.54 TWD, optimistic 155.40 TWD per share (as of Sep 24, 2026, price 55.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6741?
91App Inc trades at a price-to-earnings ratio of 12.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 114.54 TWD is built from several models across several years. Other multiples: P/B 2.0, P/S 3.3, EV/EBITDA 7.7.
How solid is the balance sheet of 91App Inc (6741)?
Balance-sheet figures for 91App Inc (as of Sep 24, 2026): return on equity 16.6%. They feed the Quality Score of 81/100, which measures business quality independently of the share price.
How far is 6741 from its 52-week high?
91App Inc trades at 55.20 TWD, about 30% below its 52-week high of 79.41 TWD and 2% above the low of 54.20 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 114.54 TWD is for.
Which stocks are comparable to 91App Inc?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, 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 91App Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 55.20 TWD, calculated fair value 114.54 TWD (+108%), Quality Score 81/100, from 24 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 6741 calculated?
We run 91App Inc through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 114.54 TWD, 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 13.0 % above its aggregate fair value. 91App Inc currently trades 108 % 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 91App Inc (6741)?
The closing price on Sep 24, 2026 was 55.20 TWD. Our model-based fair value is 114.54 TWD, about +108% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with 91App Inc right now?
The rarer combination: high quality (81/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (73.65 TWD). The market is more pessimistic than our downside scenario. A fairly wide model range (73.65 TWD to 155.40 TWD) leaves room in how you read the outcome.
Key figures of 91App Inc
How large is the market capitalisation of 91App Inc (6741)?
The market capitalisation of 91App Inc is 6.3B TWD (≈ $198M). 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 91App Inc (6741)?
The price-to-sales ratio of 91App Inc is 3.56 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of 91App Inc (6741)?
Earnings per share at 91App Inc are 4.40 TWD (price ÷ EPS = P/E 12.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of 91App Inc (6741)?
The dividend yield of 91App Inc is 3.7% (payout 46.7%). 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 91App Inc (6741)?
The net margin of 91App Inc is 28.1% (fiscal year 2025). 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 91App Inc (6741)?
The return on equity (ROE) of 91App Inc is 16.6% (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 91App Inc (6741)?
On an EBIT basis the return on assets of 91App Inc is 10.8% (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 91App Inc (6741)?
The operating margin of 91App Inc is 28.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at 91App Inc (6741)?
Revenue at 91App Inc is growing +31.4% versus a year earlier (3y avg +12.7%). 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 91App Inc (6741)?
Earnings per share at 91App Inc are growing +0.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does 91App Inc (6741) hold?
91App Inc holds more cash than debt, 1.5B TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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