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Uni Travel Services Co (6961) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 1.4B TWD

UT Uni Travel Services Co 6961 · TWO
Price51.70 TWD
Fair Value63.35 TWD
Upside+22.5%
Quality46/100
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Mixed Growth
Thin margins · 0.0% net margin
generates free cash flow
Trails peers (4/11)
Narrow moat 41/100
Evidence: High Range 47.52 TWD – 79.19 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Share price −3.4% over the past month.

Below-average quality, screening 23% undervalued on our models.

What matters now

  • Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 47.52 TWD (bear) to 79.19 TWD (bull), base 63.35 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 46/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (3 years)

104.43 TWD 48.22 TWD Fair Value 63.35 TWD Jul 2023 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

36‑month range 48.22 TWD – 104.43 TWD · fair‑value band 47.52 TWD – 79.19 TWD · the 51.70 TWD price screens below the 63.35 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Uni Travel Services Co (6961) currently trades at 51.70 TWD, while our model-based Fair Value estimate is 63.35 TWD, implying the stock looks roughly 22.5% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical 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.

The balance sheet holds a net cash position of 631M TWD. The stock trades on a trailing P/E of 13.1. Fundamentals as of Jul 23, 2026

Our scenario range runs from 47.52 TWD (bear case) to 79.19 TWD (bull case); at 51.70 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 33% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -16% fair-value upside, at 23%, 6961 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
Residual Income 26.76 TWD 30.17 TWD 50.08 TWD 76
Growth DCF 80.07 TWD 119.00 TWD 180.17 TWD 72
Growth-Adj P/E 117.65 TWD 168.07 TWD 218.49 TWD 68
All 24 models by family
DCF Models
FCF DCF 83.68 TWD 109.90 TWD 188.29 TWD 38
Owner Earnings 85.43 TWD 148.48 TWD 265.49 TWD 31
5Y Revenue Exit 69.75 TWD 98.25 TWD 157.63 TWD 39
5Y EBITDA Exit 75.89 TWD 110.63 TWD 178.64 TWD 41
5Y P/E Exit 83.55 TWD 150.63 TWD 241.49 TWD 38
10Y Revenue Exit 73.40 TWD 121.41 TWD 149.70 TWD 36
10Y EBITDA Exit 78.77 TWD 133.45 TWD 226.02 TWD 37
10Y P/E Exit 83.88 TWD 148.50 TWD 253.29 TWD 35
Earnings-Based
Graham-Dodd 25.34 TWD 176.72 TWD 248.01 TWD 54
Lynch FV 91.30 TWD 130.43 TWD 169.56 TWD 50
PEG = 1.0 91.30 TWD 130.43 TWD 169.56 TWD 46
EPV 49.22 TWD 52.30 TWD 54.87 TWD 59
Multiples
P/E Multiple 55.90 TWD 74.53 TWD 93.17 TWD 63
P/S Multiple 47.51 TWD 63.35 TWD 79.19 TWD 58
P/B Multiple 47.51 TWD 63.35 TWD 79.19 TWD 55
EV/EBIT 76.37 TWD 92.94 TWD 109.52 TWD 53
EV/EBITDA 71.44 TWD 86.37 TWD 101.30 TWD 54
EV/Revenue 60.16 TWD 74.53 TWD 88.89 TWD 43
Asset-Based
NCAV (Graham) 15.29 TWD 20.49 TWD 30.58 TWD 50
Growth DCF
Growth DCF 80.07 TWD 119.00 TWD 180.17 TWD 72
Rev-Margin DCF 74.05 TWD 108.56 TWD 180.94 TWD 67
Economic Profit
Residual Income 26.76 TWD 30.17 TWD 50.08 TWD 76
ROIC Compounder 53.06 TWD 61.85 TWD 71.85 TWD 67
Growth Earnings
Growth-Adj P/E 117.65 TWD 168.07 TWD 218.49 TWD 68

Widest divergence: Growth Earnings (168.07 TWD) versus Asset-Based (20.49 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Free cash flow 112M TWD FY2025
P/E ratio 13.1
EPS (TTM) 4.23 TWD
Net cash 631M TWD FY2024

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 52 · Market factors (momentum, volatility) 36

Profitability 65
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 0
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

Uni Travel Services Co., Ltd. operates as a travel company. The company was founded in 2014 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Uni Travel Services Co reported revenue of 4.1B TWD in FY2025 versus 48.0M TWD in FY2021, a compound +204.7%/yr. Reported net income was 100M TWD in FY2025.

Growth Quality 71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
4.1B TWD
Latest YoY
−9.2%
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.
+170.2%
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.
+48.5%
Revenue +204.7%/yr
FY21 48.0M TWD
FY22 210M TWD
FY23 3.0B TWD
FY24 4.6B TWD
FY25 4.1B TWD
Net income
FY21 −14.6M TWD
FY22 −24.1M TWD
FY23 140M TWD
FY24 85.9M TWD
FY25 100M TWD

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Cite: Fair Value Calculator (2026). "Uni Travel Services Co Fair Value". https://www.fairvalue-calculator.com/stock/6961

Peer Group

Travel Services · 90 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 46 · Below median
Fair Value upside +23% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Travel Services median · lower = cheaper

P/E (TTM) 12.4× · Cheaper than median
P/B 0.05× · Cheaper than 75% of peers
P/FCF 0.4× · 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 63 · sector 19
FUTURE 0 · sector 25
PAST 0 · sector 36
HEALTH 0 · sector 97
DIVIDEND 0 · sector 36

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

Stock Price Fair Value vs Fair Value
Booking Holdings BKNG $182.80 $152.94 -16%
Airbnb, Inc ABNB $148.62 $57.47 -61%
Royal Caribbean Cruises Ltd RCL $286.96 $215.19 -25%
Viking Holdings VIK $100.69 $43.51 -57%
Carnival Corporation CCL $26.41 $31.36 +19%
Expedia Group EXPE $268.77 $248.63 -7%
Trip.com Group TCOM $42.45 $88.82 +109%
Norwegian Cruise Line Holdings NCLH $19.46 $20.28 +4%
Global Business Travel Group GBTG $9.40 $4.17 -56%
Travel + Leisure Co TNL $73.27 $27.29 -63%

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Frequently asked questions

Is Uni Travel Services Co (6961) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 63.35 TWD versus a price of 51.70 TWD, about +23% (undervalued).
What is the fair value of 6961?
Our model-based fair value for Uni Travel Services Co is 63.35 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 51.70 TWD.
What is the quality score of 6961?
Uni Travel Services Co has a Quality Score of 46/100. 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 6961?
The net profit margin of Uni Travel Services Co 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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