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O'Pay Electronic Payment Co., Ltd. (6878) Fair Value & Analysis

Technology · TW · Market cap 2.0B TWD

OP O'Pay Electronic Payment Co., Ltd. 6878 · TWO
Price20.75 TWD
Fair Value4.73 TWD
Upside-77.2%
Quality36/100
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Risks

!Trades 339% ABOVE our fair value of 4.73 TWD
!Weak Growth (revenue 5y −39.7 %/yr)
!Thin margins · 0.0% net margin
!negative free cash flow
Weak Growth (revenue 5y −39.7 %/yr)
Thin margins · 0.0% net margin
negative free cash flow
Trails peers (1/8)
Narrow moat 8/100
Evidence: Low Range 3.12 TWD – 5.91 TWD Share as image

Fair value as of: Aug 26, 2026

From 1 valuation models · updated today

Share price −5.7% over the past month.

Below-average quality, and trading another 339% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (5.91 TWD). The favourable scenario is already priced in.
  • Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (3.12 TWD to 5.91 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (9 months)

29.05 TWD 9.03 TWD Fair Value 4.73 TWD Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 26, 2026.

How to read this chart

9‑month range 9.03 TWD – 29.05 TWD · fair‑value band 3.12 TWD – 5.91 TWD · the 20.75 TWD price screens above the 4.73 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 26, 2026.

Full chart & analysis →

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Analysis

O'Pay Electronic Payment Co., Ltd. (6878) currently trades at 20.75 TWD, while our model-based Fair Value estimate is 4.73 TWD, implying the stock looks roughly 77.2% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Technology 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: low).

Trailing-twelve-month revenue stands at 7.9M TWD. Revenue declined 7.3% year over year. It earns a return on equity of -14.2%. The balance sheet holds a net cash position of 25.6M TWD. Fundamentals as of Aug 26, 2026

Our scenario range runs from 3.12 TWD (bear case) to 5.91 TWD (bull case); at 20.75 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 near its 52-week high and 118% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at -77%, 6878 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
NCAV (Graham) 3.54 TWD 4.74 TWD 7.07 TWD 50
All 1 models by family
Asset-Based
NCAV (Graham) 3.54 TWD 4.74 TWD 7.07 TWD 50

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Key figures & financial health

Return on equity -14.2% TTM
Return on assets -7.3% TTM
Operating margin -1,073% TTM
EPS (TTM) -1.08 TWD
Revenue (TTM) 7.9M TWD TTM
Revenue growth (YoY) -7.3% 3y avg -51.8%
More key figures
Balance sheet & cash flow
Free cash flow −72.0M TWD FY2025
Net cash 25.6M TWD FY2024

Figures from reported company fundamentals · as of Aug 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 38 · Market factors (momentum, volatility) 71

Profitability 0
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

O'Pay Electronic Payment Co., Ltd. operates an electronic payment platform in Taiwan. The company engages in the provision of agency services for receiving and paying actual transaction funds; accepting stored value payments; foreign exchange settlement and remittance services; and agency payment and collection services.

Full company description

O'Pay Electronic Payment Co., Ltd. operates an electronic payment platform in Taiwan. The company engages in the provision of agency services for receiving and paying actual transaction funds; accepting stored value payments; foreign exchange settlement and remittance services; and agency payment and collection services. It also provides e-invoice issuance, credit card payment, third-party application, convenience store payment collection, ATM/Internet ATM, streamer receiving payment, and action receipt services. O'Pay Electronic Payment Co., Ltd. was founded in 2011 and is based in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

O'Pay Electronic Payment Co., Ltd. reported revenue of 7.9M TWD in FY2025 versus 108M TWD in FY2021, a compound −48.0%/yr. Reported net income was −78.2M TWD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
7.9M TWD
Latest YoY
−5.5%
Avg. revenue 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.
−51.8%
Avg. revenue 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.
−39.7%
Avg. revenue 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.
−29.1%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −48.0%/yr
FY21 108M TWD
FY22 71.0M TWD
FY23 6.9M TWD
FY24 8.4M TWD
FY25 7.9M TWD
Net income
FY21 −19.6M TWD
FY22 −31.2M TWD
FY23 −56.7M TWD
FY24 −55.8M TWD
FY25 −78.2M TWD

6878 screens 77% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "O'Pay Electronic Payment Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/6878

Peer Group

Software - Infrastructure · 377 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 38 · Below median
Fair Value upside −77% · Bottom 25%
Return on assets -7% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth -7% · Bottom 25%

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 8.09× · Pricier than 75% of peers

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

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 26, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $480.35 $365.74 -24%
Oracle Corporation ORCL $153.28 $117.84 -23%
Fortinet, Inc FTNT $152.85 $61.46 -60%
Synopsys, Inc SNPS $404.41 $101.19 -75%
Block, Inc XYZ A$111.01 A$70.69 -36%
CoreWeave, Inc CRWV $105.26 $71.79 -32%
NetApp, Inc NTAP $202.05 $154.83 -23%
Adyen N.V ADYEN €1,059 €707.53 -33%
MongoDB, Inc MDB $437.83 $93.91 -79%
Okta, Inc OKTA $147.30 $30.50 -79%

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Frequently asked questions

Is O'Pay Electronic Payment Co., Ltd. (6878) overvalued or undervalued?
As of Aug 26, 2026, our model estimates a fair value of 4.73 TWD versus a price of 20.75 TWD, about −77% (overvalued).
What is the fair value of 6878?
Our model-based fair value for O'Pay Electronic Payment Co., Ltd. is 4.73 TWD (as of Aug 26, 2026), built from audited fundamentals. The current price: 20.75 TWD.
What is the quality score of 6878?
O'Pay Electronic Payment Co., Ltd. has a Quality Score of 36/100. 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 O'Pay Electronic Payment Co., Ltd. (6878)?
O'Pay Electronic Payment Co., Ltd. reported trailing-twelve-month revenue of about 7.9M TWD (latest available figure, as of Aug 26, 2026).
What is the net profit margin of 6878?
The net profit margin of O'Pay Electronic Payment Co., Ltd. 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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