Sports Gear Co. Ltd (6768) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sports Gear Co. Ltd stock TWD 109, price TWD 59.30, upside +84.5%, quality 61 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 8, 2026.
How to read this chart
60‑month range 47.73 TWD – 146.96 TWD · fair‑value band 65.52 TWD – 142.71 TWD · the 59.30 TWD price screens below the 109.43 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Sports Gear Co., Ltd. engages in the production and sale of football boots, running shoes, and outdoor footwear in the Americas, Europe, China, Taiwan, rest of Asia, and internationally. The company was founded in 1992 and is based in Taichung, Taiwan.
Stock analysis
Sports Gear Co. Ltd (6768) currently trades at 59.30 TWD, while our model-based Fair Value estimate is 109.43 TWD, implying the stock looks roughly 46% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 151.47 TWD per share, and 20 of the 26 models we run sit above the 59.30 TWD price.
Bear case: the Asset-Based group reads lowest at 33.94 TWD, and 6 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 65.52 TWD (bear) to 142.71 TWD (bull), the price of 59.30 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 61/100 (solid quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Sports Gear Co. Ltd reported revenue of 20.4B TWD in FY2025 versus 12.3B TWD in FY2021, a compound +13.4%/yr. Reported net income was 1.4B TWD in FY2025, compounding +20.2%/yr from FY2021.
Key figures
Market cap 12.2B TWD (≈ $374M) Small · P/E ratio 12.1 · P/S ratio 0.62 · EPS (TTM) 4.91 TWD · Dividend yield 8.7% · Net margin 5.0% · Return on equity 7.0% · Return on assets (EBIT) 6.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 30% fair-value upside, at 85%, 6768 screens cheaper than that median.
Fair Value models
Bear65.52 TWDFair Value 109.43 TWDBull142.71 TWD
Price 59.30 TWD · Upside +84.5%
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.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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.5%
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.
+3.2%
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.
+8.6%
Start year 2020 (pandemic)
Revenue growth 8 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.
+3.1%
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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.
≈ +22.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +13.9%
Dividend (yield on the price)8.7%
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.6% → 8%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 3.41 per share, median 10.2 in 2017 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+25.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.6%
Yearly sales growth analysts expect, extended to five years.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +23.2% a year for the price and +5.0% for the forecasts.
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.Footwear & Accessories · 92 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+84.5% · Above median
Profitability
Return on equity (12 months)7.0% · Above median
Return on assets6.2% · Above median
Net margin (12 months)5.0% · Above median
Operating margin (12 months)5.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)3.0% · Above median
Dividend yield (12 months)8.7% · Top 25%
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Footwear & Accessories median · lower = cheaper
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Is Sports Gear Co. Ltd (6768) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 109.43 TWD versus a price of 59.30 TWD, about +85% upside (undervalued).
What is the fair value of 6768?
Our model-based fair value for Sports Gear Co. Ltd is 109.43 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 59.30 TWD.
What is the quality score of 6768?
Sports Gear Co. Ltd has a Quality Score of 61/100. 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 Sports Gear Co. Ltd (6768)?
Our model-based price target is the fair value of 109.43 TWD (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 65.52 TWD, optimistic scenario 142.71 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Sports Gear Co. Ltd stock forecast for 2026?
Our models put fair value at 109.43 TWD, about +85% upside versus a price of 59.30 TWD (undervalued). Cautious scenario 65.52 TWD, optimistic scenario 142.71 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Sports Gear Co. Ltd (6768)?
Sports Gear Co. Ltd reported trailing-twelve-month revenue of about 19.9B TWD (latest available figure, as of Nov 8, 2026).
Does Sports Gear Co. Ltd pay a dividend?
Sports Gear Co. Ltd currently shows a dividend yield of 8.69% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Sports Gear Co. Ltd (6768) and when is the ex-dividend date?
Sports Gear Co. Ltd pays a dividend of 5.16 TWD per share a year, a dividend yield of 8.7%. The last ex-dividend date was Jun 26, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 105% of earnings. Free cash flow covers the dividend 0.22 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into Sports Gear Co. Ltd (6768)?
For today's price to be fair in a discounted-cash-flow model, Sports Gear Co. Ltd would have to grow free cash flow by +25.2 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.6 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 6768 use?
Our models discount Sports Gear Co. Ltd at 10.3 %: a base by market capitalisation (small), damped by beta 0.22, 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 Sports Gear Co. Ltd that is +25.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Sports Gear Co. Ltd (6768) delivered so far?
Over the past 5 years revenue at Sports Gear Co. Ltd grew +8.6 % a year. The price currently implies free-cash-flow growth of +25.2 % 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 Sports Gear Co. Ltd (6768) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Sports Gear Co. Ltd (+25.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sports Gear Co. Ltd (6768)?
The free-cash-flow yield on the price is 1.83 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Sports Gear Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sports Gear Co. Ltd (6768)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sports Gear Co. Ltd it is 109.43 TWD per share (as of Nov 8, 2026), against a price of 59.30 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 Sports Gear Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 6768 trades below its calculated fair value: price 59.30 TWD, fair value 109.43 TWD, a gap of about +85% (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 6768?
No. The price is what the market pays today (59.30 TWD); the fair value is what the company's own numbers justify (109.43 TWD). For Sports Gear Co. Ltd the two are 50.13 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Sports Gear Co. Ltd worth?
The market values Sports Gear Co. Ltd at about 12.2B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 59.30 TWD; our models calculate a fair value of 109.43 TWD per share.
What do the bullish and bearish scenarios say about 6768?
Our models span a range for Sports Gear Co. Ltd: cautious scenario 65.52 TWD, base 109.43 TWD, optimistic 142.71 TWD per share (as of Nov 8, 2026, price 59.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6768?
Sports Gear Co. Ltd trades at a price-to-earnings ratio of 12.1 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 109.43 TWD is built from several models across several years. Other multiples: P/B 0.8, P/S 0.6, EV/EBITDA 4.8.
How solid is the balance sheet of Sports Gear Co. Ltd (6768)?
Balance-sheet figures for Sports Gear Co. Ltd (as of Nov 8, 2026): return on equity 7.0%, debt of 0.11 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 6768 from its 52-week high?
Sports Gear Co. Ltd trades at 59.30 TWD, about 47% below its 52-week high of 112.81 TWD and at the low of 59.30 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 109.43 TWD is for.
Which stocks are comparable to Sports Gear Co. Ltd?
From the same area (Consumer Cyclical) we also value NIKE, Inc, adidas AG, On Holding, Deckers Outdoor Corporation, 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 Sports Gear Co. Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 59.30 TWD, calculated fair value 109.43 TWD (+85%), Quality Score 61/100, 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 6768 calculated?
We run Sports Gear Co. 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 109.43 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 13.0% above its aggregate fair value. Sports Gear Co. Ltd currently trades 46% 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 Sports Gear Co. Ltd (6768)?
The closing price on Nov 6, 2026 was 59.30 TWD. Our model-based fair value is 109.43 TWD, about +85% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sports Gear Co. Ltd right now?
The price is below even our cautious bear case (65.52 TWD). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (65.52 TWD to 142.71 TWD) leaves room in how you read the outcome.
Key figures of Sports Gear Co. Ltd
How large is the market capitalisation of Sports Gear Co. Ltd (6768)?
The market capitalisation of Sports Gear Co. Ltd is 12.2B TWD (≈ $374M). 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 Sports Gear Co. Ltd (6768)?
The price-to-sales ratio of Sports Gear Co. Ltd is 0.62 (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 Sports Gear Co. Ltd (6768)?
Earnings per share at Sports Gear Co. Ltd are 4.91 TWD (price ÷ EPS = P/E 12.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sports Gear Co. Ltd (6768)?
The dividend yield of Sports Gear Co. Ltd is 8.7% (payout 105%). 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 Sports Gear Co. Ltd (6768)?
The net margin of Sports Gear Co. Ltd is 5.0% (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 Sports Gear Co. Ltd (6768)?
The return on equity (ROE) of Sports Gear Co. Ltd is 7.0% (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 Sports Gear Co. Ltd (6768)?
On an EBIT basis the return on assets of Sports Gear Co. Ltd is 6.8% (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 Sports Gear Co. Ltd (6768)?
The operating margin of Sports Gear Co. Ltd is 5.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sports Gear Co. Ltd (6768)?
Revenue at Sports Gear Co. Ltd is growing +3.0% versus a year earlier (3y avg +3.2%). 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 Sports Gear Co. Ltd (6768)?
Earnings per share at Sports Gear Co. Ltd are growing −16.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sports Gear Co. Ltd (6768) hold?
Sports Gear Co. Ltd holds more cash than debt, 2.3B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026