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A Plus Biotechnology Co (6918) Fair Value & Analysis

Healthcare · TW · Market cap 2.5B TWD

AP A Plus Biotechnology Co 6918 · TW
Price72.80 TWD
Fair Value84.52 TWD
Upside+16.1%
Quality59/100
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Healthy Growth
Highly profitable · 20.2% net margin
Low debt · generates free cash flow
6.96% dividend yield
Ranks above peers (11/14)
Wide moat 71/100
Evidence: High Range 63.30 TWD – 105.65 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price −1.8% over the past month.

A solid business, screening 16% undervalued on our models.

What matters now

  • Our model range runs from 63.30 TWD (bear) to 105.65 TWD (bull), base 84.52 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (4 years)

127.06 TWD 36.07 TWD Fair Value 84.52 TWD Jan 2023 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

43‑month range 36.07 TWD – 127.06 TWD · fair‑value band 63.30 TWD – 105.65 TWD · the 72.80 TWD price screens below the 84.52 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

A Plus Biotechnology Co (6918) currently trades at 72.80 TWD, while our model-based Fair Value estimate is 84.52 TWD, implying the stock looks roughly 16.1% undervalued today. The Quality Score stands at 59/100 (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, A Plus Biotechnology Co generated revenue of 859M TWD at a net margin of 20.2%. Revenue grew 11.7% year over year. It earns a return on equity of 17.5%. The stock trades on a trailing P/E of 14.2. Fundamentals as of Jul 21, 2026

Our scenario range runs from 63.30 TWD (bear case) to 105.65 TWD (bull case); at 72.80 TWD, the current price sits within 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 34% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -22% fair-value upside, at 16%, 6918 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 65.62 TWD 98.45 TWD 149.91 TWD 80
Residual Income 35.18 TWD 41.66 TWD 72.91 TWD 76
Rev-Margin DCF 45.79 TWD 62.32 TWD 83.23 TWD 74
All 26 models by family
DCF Models
FCF DCF 65.81 TWD 101.22 TWD 158.50 TWD 38
Owner Earnings 78.92 TWD 123.52 TWD 195.67 TWD 31
5Y Revenue Exit 45.79 TWD 62.09 TWD 83.03 TWD 39
5Y EBITDA Exit 69.97 TWD 110.72 TWD 160.86 TWD 41
5Y P/E Exit 81.80 TWD 134.50 TWD 193.71 TWD 38
10Y Revenue Exit 51.79 TWD 69.11 TWD 93.36 TWD 36
10Y EBITDA Exit 67.97 TWD 103.46 TWD 155.53 TWD 37
10Y P/E Exit 75.56 TWD 120.25 TWD 181.77 TWD 35
Earnings-Based
Graham-Dodd 33.81 TWD 143.50 TWD 195.92 TWD 54
Lynch FV 36.57 TWD 52.25 TWD 67.92 TWD 50
PEG = 1.0 36.57 TWD 52.25 TWD 67.92 TWD 46
EPV 59.33 TWD 66.27 TWD 72.27 TWD 59
Dividend Discount
Gordon GGM 31.42 TWD 62.60 TWD 94.80 TWD 70
DDM Multi-Stage 31.42 TWD 54.10 TWD 66.08 TWD 61
Multiples
P/E Multiple 82.03 TWD 109.37 TWD 136.71 TWD 63
P/S Multiple 22.08 TWD 29.44 TWD 36.80 TWD 58
P/B Multiple 63.39 TWD 84.51 TWD 105.64 TWD 55
EV/EBIT 98.04 TWD 125.61 TWD 153.18 TWD 53
EV/EBITDA 77.66 TWD 98.44 TWD 119.22 TWD 54
EV/Revenue 35.93 TWD 44.76 TWD 53.59 TWD 43
Asset-Based
NCAV (Graham) 18.53 TWD 24.83 TWD 37.06 TWD 50
Growth DCF
Growth DCF 65.62 TWD 98.45 TWD 149.91 TWD 80
Rev-Margin DCF 45.79 TWD 62.32 TWD 83.23 TWD 74
Economic Profit
Residual Income 35.18 TWD 41.66 TWD 72.91 TWD 76
ROIC Compounder 64.38 TWD 79.37 TWD 97.95 TWD 72
Growth Earnings
Growth-Adj P/E 63.40 TWD 90.56 TWD 117.73 TWD 68

Widest divergence: DCF Models (103.46 TWD) versus Asset-Based (24.83 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 859M TWD
Revenue growth (YoY) +11.7%
Net margin 20.2%
Return on equity 17.5%
Free cash flow 145M TWD FY2025
P/E ratio 14.2
More key figures
Operating margin 24.1%
EPS (TTM) 5.15 TWD
Dividend yield 7.0%
EPS growth (YoY) -2.8%

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 61 · Market factors (momentum, volatility) 43

Profitability 61
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 22
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

A Plus Biotechnology Co., Ltd. engages in the manufacturing and wholesale of orthopedic and other medical devices. The company offers products for chest, shoulder, spine, elbow, wrist and hand, pelvic and hip, knee, foot and ankle, osteotomy, pediatric and ESF, biologics. It also provides bone grafts. A Plus Biotechnology Co., Ltd.

Full company description

A Plus Biotechnology Co., Ltd. engages in the manufacturing and wholesale of orthopedic and other medical devices. The company offers products for chest, shoulder, spine, elbow, wrist and hand, pelvic and hip, knee, foot and ankle, osteotomy, pediatric and ESF, biologics. It also provides bone grafts. A Plus Biotechnology Co., Ltd. was founded in 2009 and is based in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

A Plus Biotechnology Co reported revenue of 836M TWD in FY2025 versus 542M TWD in FY2021, a compound +11.4%/yr. Reported net income was 169M TWD in FY2025, compounding +50.6%/yr from FY2021.

Growth Quality 92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
836M TWD
Latest YoY
+8.6%
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.
+10.7%
Revenue +11.4%/yr
FY21 542M TWD
FY22 615M TWD
FY23 675M TWD
FY24 770M TWD
FY25 836M TWD
Net income +50.6%/yr
FY21 32.9M TWD
FY22 45.7M TWD
FY23 −11.3M TWD
FY24 151M TWD
FY25 169M TWD

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Cite: Fair Value Calculator (2026). "A Plus Biotechnology Co Fair Value". https://www.fairvalue-calculator.com/stock/6918

Peer Group

Medical Devices · 352 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 59 · Above median
Fair Value upside +16% · Top 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth 12% · Above median
Dividend yield (TTM) 7.0% · Top 25%
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 14.2× · Cheaper than 75% of peers
P/B 1.97× · Pricier than median
P/S (TTM) 2.89× · Pricier than median
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 8.7× · 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 55 · sector 0
FUTURE 59 · sector 29
PAST 70 · sector 8
HEALTH 97 · sector 97
DIVIDEND 100 · sector 38

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 Devices stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%
Getinge AB GETIB kr 206.80 kr 192.14 -7%

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Frequently asked questions

Is A Plus Biotechnology Co (6918) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 84.52 TWD versus a price of 72.80 TWD, about +16% (undervalued).
What is the fair value of 6918?
Our model-based fair value for A Plus Biotechnology Co is 84.52 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 72.80 TWD.
What is the quality score of 6918?
A Plus Biotechnology Co has a Quality Score of 59/100. 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 A Plus Biotechnology Co (6918)?
A Plus Biotechnology Co reported trailing-twelve-month revenue of about 859M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6918?
The net profit margin of A Plus Biotechnology Co is about 20.2%, meaning it keeps roughly 20.2% of revenue as net income. Based on the latest reported figures.
Does A Plus Biotechnology Co pay a dividend?
A Plus Biotechnology Co currently shows a dividend yield of about 6.87% 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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