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Visco Vision Inc (6782) Fair Value & Analysis

Healthcare · TW · Market cap 12.3B TWD

VV Visco Vision Inc 6782 · TW
Price214.00 TWD
Fair Value309.61 TWD
Upside+44.7%
Quality74/100
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Healthy Growth
Highly profitable · 20.7% net margin
Low debt · generates free cash flow
4.30% dividend yield
Ranks above peers (12/14)
Wide moat 80/100
Evidence: High Range 232.21 TWD – 606.07 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price +2.9% over the past month.

A solid business, screening 45% undervalued on our models.

What matters now

  • The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (232.21 TWD). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (232.21 TWD to 606.07 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

358.89 TWD 100.60 TWD Fair Value 309.61 TWD Mar 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 100.60 TWD – 358.89 TWD · fair‑value band 232.21 TWD – 606.07 TWD · the 214.00 TWD price screens below the 309.61 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Visco Vision Inc (6782) currently trades at 214.00 TWD, while our model-based Fair Value estimate is 309.61 TWD, implying the stock looks roughly 44.7% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Healthcare 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, Visco Vision Inc generated revenue of 4.5B TWD at a net margin of 20.7%. Revenue grew 29.7% year over year. It earns a return on equity of 23.6%. The balance sheet holds a net cash position of 234M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 232.21 TWD (bear case) to 606.07 TWD (bull case); at 214.00 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 11% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 45%, 6782 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 215.12 TWD 394.35 TWD 756.63 TWD 80
Residual Income 92.55 TWD 121.22 TWD 475.79 TWD 76
Rev-Margin DCF 185.26 TWD 351.97 TWD 671.12 TWD 74
All 26 models by family
DCF Models
FCF DCF 228.29 TWD 355.35 TWD 759.97 TWD 38
Owner Earnings 220.94 TWD 494.19 TWD 1,068 TWD 31
5Y Revenue Exit 181.30 TWD 308.54 TWD 574.83 TWD 39
5Y EBITDA Exit 276.98 TWD 502.02 TWD 944.00 TWD 41
5Y P/E Exit 242.76 TWD 540.34 TWD 946.95 TWD 38
10Y Revenue Exit 191.77 TWD 412.10 TWD 551.94 TWD 36
10Y EBITDA Exit 267.98 TWD 618.14 TWD 1,238 TWD 37
10Y P/E Exit 243.01 TWD 544.45 TWD 1,042 TWD 35
Earnings-Based
Graham-Dodd 95.70 TWD 667.38 TWD 936.57 TWD 54
Lynch FV 264.80 TWD 378.29 TWD 491.77 TWD 50
PEG = 1.0 264.80 TWD 378.29 TWD 491.77 TWD 46
EPV 153.20 TWD 177.61 TWD 198.97 TWD 59
Dividend Discount
Gordon GGM 46.83 TWD 97.36 TWD 154.46 TWD 70
DDM Multi-Stage 46.83 TWD 82.10 TWD 102.19 TWD 61
Multiples
P/E Multiple 232.21 TWD 309.61 TWD 387.01 TWD 63
P/S Multiple 175.97 TWD 234.62 TWD 293.28 TWD 58
P/B Multiple 179.43 TWD 239.24 TWD 299.06 TWD 55
EV/EBIT 240.39 TWD 318.27 TWD 396.16 TWD 53
EV/EBITDA 284.26 TWD 376.77 TWD 469.27 TWD 54
EV/Revenue 147.51 TWD 207.84 TWD 268.17 TWD 43
Asset-Based
NCAV (Graham) 35.10 TWD 47.03 TWD 70.20 TWD 50
Growth DCF
Growth DCF 215.12 TWD 394.35 TWD 756.63 TWD 80
Rev-Margin DCF 185.26 TWD 351.97 TWD 671.12 TWD 74
Economic Profit
Residual Income 92.55 TWD 121.22 TWD 475.79 TWD 76
ROIC Compounder 201.53 TWD 304.33 TWD 405.00 TWD 72
Growth Earnings
Growth-Adj P/E 339.84 TWD 485.49 TWD 631.13 TWD 68

Widest divergence: DCF Models (494.19 TWD) versus Asset-Based (47.03 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.5B TWD
Revenue growth (YoY) +29.7%
Net margin 20.7%
Return on equity 23.6%
Free cash flow 829M TWD FY2025
P/E ratio 13.9
More key figures
Operating margin 28.1%
EPS (TTM) 13.98 TWD
Dividend yield 4.3%
EPS growth (YoY) +24.2%
Net cash 234M TWD FY2025

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

Quality Score breakdown

Overall quality 74/100

Of which business quality 73 · Market factors (momentum, volatility) 63

Profitability 70
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 62
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

Visco Vision Inc. manufactures and sells silicone hydrogel contact lenses in Asia, Europe, and the Americas. It offers spherical, multifocal, toric, cosmetic, and color lenses. The company also provides medical and lease management services. Visco Vision Inc. was incorporated in 1998 and is based in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Visco Vision Inc reported revenue of 4.2B TWD in FY2025 versus 2.0B TWD in FY2021, a compound +21.1%/yr. Reported net income was 887M TWD in FY2025, compounding +18.9%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.2B TWD
Latest YoY
+15.0%
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.
+15.0%
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.
+22.6%
Avg. growth/yr (8Y) 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.
+31.5%
Revenue +21.1%/yr
FY21 2.0B TWD
FY22 2.8B TWD
FY23 2.4B TWD
FY24 3.7B TWD
FY25 4.2B TWD
Net income +18.9%/yr
FY21 444M TWD
FY22 617M TWD
FY23 302M TWD
FY24 636M TWD
FY25 887M TWD

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Cite: Fair Value Calculator (2026). "Visco Vision Inc Fair Value". https://www.fairvalue-calculator.com/stock/6782

Peer Group

Medical Instruments & Supplies · 203 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 74 · Top 25%
Fair Value upside +45% · Top 25%
Return on equity (TTM) 24% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth 30% · Top 25%
Dividend yield (TTM) 4.3% · Top 25%
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 13.9× · Cheaper than 75% of peers
P/B 2.78× · Pricier than median
P/S (TTM) 2.73× · Pricier than median
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 6.6× · Cheaper than 75% of peers

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 93 · sector 0
FUTURE 100 · sector 27
PAST 94 · sector 25
HEALTH 97 · sector 96
DIVIDEND 86 · sector 32

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is Visco Vision Inc (6782) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 309.61 TWD versus a price of 214.00 TWD, about +45% (undervalued).
What is the fair value of 6782?
Our model-based fair value for Visco Vision Inc is 309.61 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 214.00 TWD.
What is the quality score of 6782?
Visco Vision Inc has a Quality Score of 74/100. 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 Visco Vision Inc (6782)?
Visco Vision Inc reported trailing-twelve-month revenue of about 4.5B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6782?
The net profit margin of Visco Vision Inc is about 20.7%, meaning it keeps roughly 20.7% of revenue as net income. Based on the latest reported figures.
Does Visco Vision Inc pay a dividend?
Visco Vision Inc currently shows a dividend yield of about 4.39% relative to its recent price (as of Jul 21, 2026).

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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