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BiOptic Inc (6850) Fair Value & Analysis

Healthcare · TW · Market cap 1.1B TWD

BI BiOptic Inc 6850 · TWO
Price33.30 TWD
Fair Value11.68 TWD
Upside-64.9%
Quality49/100
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Mixed Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
Ranks above peers (8/12)
Moderate moat 62/100
Evidence: High Range 8.48 TWD – 14.60 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Share price −4.9% over the past month.

Below-average quality, and screening another 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (14.60 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

52.83 TWD 25.90 TWD Fair Value 11.68 TWD Nov 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

57‑month range 25.90 TWD – 52.83 TWD · fair‑value band 8.48 TWD – 14.60 TWD · the 33.30 TWD price screens above the 11.68 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

BiOptic Inc (6850) currently trades at 33.30 TWD, while our model-based Fair Value estimate is 11.68 TWD, implying the stock looks roughly 64.9% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

The balance sheet holds a net cash position of 12.0M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 8.48 TWD (bear case) to 14.60 TWD (bull case); at 33.30 TWD, the current price sits above 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 36% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -65%, 6850 screens richer 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 7.83 TWD 11.22 TWD 15.74 TWD 80
Residual Income 9.79 TWD 9.64 TWD 8.53 TWD 76
Rev-Margin DCF 6.56 TWD 9.80 TWD 13.69 TWD 74
All 26 models by family
DCF Models
FCF DCF 7.83 TWD 11.45 TWD 16.48 TWD 38
Owner Earnings 10.40 TWD 15.32 TWD 22.17 TWD 31
5Y Revenue Exit 6.56 TWD 9.77 TWD 13.87 TWD 39
5Y EBITDA Exit 9.28 TWD 15.02 TWD 21.83 TWD 41
5Y P/E Exit 9.08 TWD 14.63 TWD 20.58 TWD 38
10Y Revenue Exit 6.85 TWD 9.79 TWD 13.76 TWD 36
10Y EBITDA Exit 8.60 TWD 13.17 TWD 19.46 TWD 37
10Y P/E Exit 8.48 TWD 12.91 TWD 18.57 TWD 35
Earnings-Based
Graham-Dodd 4.67 TWD 16.64 TWD 22.41 TWD 54
Lynch FV 3.91 TWD 5.59 TWD 7.27 TWD 50
PEG = 1.0 3.91 TWD 5.59 TWD 7.27 TWD 46
EPV 4.20 TWD 4.68 TWD 5.08 TWD 59
Dividend Discount
Gordon GGM 1.25 TWD 2.25 TWD 3.10 TWD 70
DDM Multi-Stage 1.25 TWD 2.06 TWD 2.41 TWD 61
Multiples
P/E Multiple 10.30 TWD 13.74 TWD 17.17 TWD 63
P/S Multiple 8.76 TWD 11.68 TWD 14.60 TWD 58
P/B Multiple 8.76 TWD 11.68 TWD 14.60 TWD 55
EV/EBIT 8.52 TWD 11.13 TWD 13.73 TWD 53
EV/EBITDA 11.37 TWD 14.93 TWD 18.49 TWD 54
EV/Revenue 5.97 TWD 8.23 TWD 10.49 TWD 43
Asset-Based
NCAV (Graham) 6.80 TWD 9.11 TWD 13.59 TWD 50
Growth DCF
Growth DCF 7.83 TWD 11.22 TWD 15.74 TWD 80
Rev-Margin DCF 6.56 TWD 9.80 TWD 13.69 TWD 74
Economic Profit
Residual Income 9.79 TWD 9.64 TWD 8.53 TWD 76
ROIC Compounder 4.20 TWD 4.68 TWD 5.08 TWD 72
Growth Earnings
Growth-Adj P/E 7.29 TWD 10.41 TWD 13.54 TWD 68

Widest divergence: DCF Models (12.91 TWD) versus Dividend Discount (2.06 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Free cash flow 24.3M TWD FY2024
P/E ratio 850.0
EPS (TTM) 0.0400 TWD
Net cash 12.0M TWD FY2024

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 50 · Market factors (momentum, volatility) 30

Profitability 35
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 26
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

BiOptic Inc., a biotechnology instrumentation company, develops scientific products for research and clinical applications.

Full company description

BiOptic Inc., a biotechnology instrumentation company, develops scientific products for research and clinical applications. It offers instruments, such as bio-fragment analyzers and PCR thermocyclers; consumables, including DNA, RNA, and protein cartridges, as well as quantification kits; premix and polymerase PCR reagents; and veterinary, human, and food related testing kits. BiOptic Inc.was founded in 1993 and is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

BiOptic Inc reported revenue of 203M TWD in FY2024 versus 124M TWD in FY2020, a compound +13.2%/yr. Reported net income was 22.7M TWD in FY2024, compounding −3.2%/yr from FY2020.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
203M TWD
Latest YoY
−11.2%
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.
+4.2%
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.
+17.1%
Avg. growth/yr (6Y) 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.
+21.8%
Revenue +13.2%/yr
FY20 124M TWD
FY21 179M TWD
FY22 231M TWD
FY23 228M TWD
FY24 203M TWD
Net income −3.2%/yr
FY20 25.9M TWD
FY21 46.3M TWD
FY22 61.3M TWD
FY23 37.7M TWD
FY24 22.7M TWD

6850 screens 65% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "BiOptic Inc Fair Value". https://www.fairvalue-calculator.com/stock/6850

Peer Group

Biotechnology · 601 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 49 · Above median
Fair Value upside −65% · Below median
Return on assets 0% · Above median
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Above median
Revenue growth 0% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 850.0× · Pricier than 75% of peers
P/B 0.08× · Cheaper than 75% of peers
P/FCF 1.4× · Cheaper 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 0 · sector 0
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 92 · sector 98
DIVIDEND 0 · sector 23

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%

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Frequently asked questions

Is BiOptic Inc (6850) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 11.68 TWD versus a price of 33.30 TWD, about −65% (overvalued).
What is the fair value of 6850?
Our model-based fair value for BiOptic Inc is 11.68 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 33.30 TWD.
What is the quality score of 6850?
BiOptic Inc has a Quality Score of 49/100. 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 net profit margin of 6850?
The net profit margin of BiOptic Inc is about 0.0%, meaning it keeps roughly 0.0% 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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