Uni Travel Services Co., Ltd. (6961) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Uni Travel Services Co., Ltd. stock TWD 104, price TWD 40.70, upside +155.0%, quality 46 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
39‑month range 40.70 TWD – 104.43 TWD · fair‑value band 65.30 TWD – 167.96 TWD · the 40.70 TWD price screens below the 103.79 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Uni Travel Services Co., Ltd. operates as a travel company. The company was founded in 2014 and is based in Taipei, Taiwan.
Stock analysis
Uni Travel Services Co., Ltd. (6961) currently trades at 40.70 TWD, while our model-based Fair Value estimate is 103.79 TWD, implying the stock looks roughly 61% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 165.60 TWD per share, and 24 of the 26 models we run sit above the 40.70 TWD price.
Bear case: the Asset-Based group reads lowest at 23.26 TWD, and 2 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 65.30 TWD (bear) to 167.96 TWD (bull), the price of 40.70 TWD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Uni Travel Services Co., Ltd. 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.
Key figures
Market cap 1.1B TWD (≈ $33.6M) Micro · P/E ratio 15.1 · P/S ratio 0.37 · EPS (TTM) 2.69 TWD · Net margin 2.4% · Return on assets (EBIT) −2.2% (5-year average) · Free cash flow 112M TWD · Net cash 631M TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (medium confidence).
What moves the price
The share trades about 45% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 155%, 6961 screens cheaper than that median.
Fair Value models
Bear65.30 TWDFair Value 103.79 TWDBull167.96 TWD
Price 40.70 TWD · Upside +155.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2.31 TWD per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF88.69 TWD119.38 TWD212.70 TWD76
Residual Income27.59 TWD31.17 TWD38.77 TWD76
Growth DCF84.81 TWD131.48 TWD205.42 TWD74
All 26 models by family
DCF Models
FCF DCF88.69 TWD119.38 TWD212.70 TWD76
Owner Earnings89.72 TWD161.38 TWD299.39 TWD70
5Y Revenue Exit71.13 TWD100.59 TWD162.00 TWD69
5Y EBITDA Exit75.01 TWD108.43 TWD173.80 TWD71
5Y P/E Exit89.36 TWD164.96 TWD267.65 TWD66
10Y Revenue Exit75.83 TWD126.93 TWD157.17 TWD65
10Y EBITDA Exit79.86 TWD134.80 TWD227.39 TWD64
10Y P/E Exit89.75 TWD163.94 TWD285.00 TWD59
Earnings-Based
Graham-Dodd25.34 TWD176.72 TWD248.01 TWD63
Lynch FV86.40 TWD123.43 TWD160.45 TWD61
PEG = 1.086.40 TWD123.43 TWD160.45 TWD57
EPV50.60 TWD54.10 TWD57.06 TWD70
Dividend Discount
Gordon GGM36.22 TWD68.20 TWD97.66 TWD67
DDM Multi-Stage36.22 TWD60.84 TWD72.50 TWD67
Multiples
P/E Multiple61.49 TWD81.99 TWD102.48 TWD63
P/S Multiple47.51 TWD63.35 TWD79.19 TWD58
P/B Multiple88.49 TWD117.99 TWD147.49 TWD55
EV/EBIT73.26 TWD89.83 TWD106.41 TWD63
EV/EBITDA64.88 TWD78.66 TWD92.45 TWD64
EV/Revenue57.05 TWD71.42 TWD85.78 TWD52
Asset-Based
NCAV (Graham)15.35 TWD23.26 TWD29.08 TWD52
Growth DCF
Growth DCF84.81 TWD131.48 TWD205.42 TWD74
Rev-Margin DCF75.46 TWD111.26 TWD186.13 TWD68
Economic Profit
Residual Income27.59 TWD31.17 TWD38.77 TWD76
ROIC Compounder54.84 TWD64.87 TWD76.58 TWD70
Growth Earnings
Growth-Adj P/E115.92 TWD165.60 TWD215.28 TWD67
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−9.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+170.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+48.5%
Start year 2020 (pandemic)
’20
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+34.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+34.2%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−2% → 2%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−22.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −23.8% a year for the price.
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Peer Groupⓘ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.Travel Services · 87 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+155.0% · Top 25%
Profitability
Return on assets8.6% · Top 25%
Net margin (12 months)2.4% · Below median
Operating margin (12 months)0.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Dividend yield (12 months)0.0% · Bottom 25%
Valuation Multiplesvs Travel Services median · lower = cheaper
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Is Uni Travel Services Co., Ltd. (6961) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 103.79 TWD versus a price of 40.70 TWD, about +155% upside (undervalued).
What is the fair value of 6961?
Our model-based fair value for Uni Travel Services Co., Ltd. is 103.79 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 40.70 TWD.
What is the quality score of 6961?
Uni Travel Services Co., Ltd. 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 price target for Uni Travel Services Co., Ltd. (6961)?
Our model-based price target is the fair value of 103.79 TWD (as of Nov 3, 2026) from 26 valuation models. Cautious scenario 65.30 TWD, optimistic scenario 167.96 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Uni Travel Services Co., Ltd. stock forecast for 2026?
Our models put fair value at 103.79 TWD, about +155% upside versus a price of 40.70 TWD (undervalued). Cautious scenario 65.30 TWD, optimistic scenario 167.96 TWD. The calculation is refreshed regularly with new filings.
What growth is priced into Uni Travel Services Co., Ltd. (6961)?
For today's price to be fair in a discounted-cash-flow model, Uni Travel Services Co., Ltd. would have to grow free cash flow by -22.6 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +48.5 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 6961 use?
Our models discount Uni Travel Services Co., Ltd. at 10.3 %: a base by market capitalisation (nano), country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Uni Travel Services Co., Ltd. that is -22.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Uni Travel Services Co., Ltd. (6961) delivered so far?
Over the past 5 years revenue at Uni Travel Services Co., Ltd. grew +48.5 % a year. The price currently implies free-cash-flow growth of -22.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Uni Travel Services Co., Ltd. (6961) growing?
The median revenue growth in the sector is +8.6 % a year. That is the yardstick for the growth priced into Uni Travel Services Co., Ltd. (-22.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Uni Travel Services Co., Ltd. (6961)?
The free-cash-flow yield on the price is 10.30 %: that much free cash flow Uni Travel Services Co., Ltd. produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Uni Travel Services Co., Ltd. (6961)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Uni Travel Services Co., Ltd. it is 103.79 TWD per share (as of Nov 3, 2026), against a price of 40.70 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Uni Travel Services Co., Ltd. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 6961 trades below its calculated fair value: price 40.70 TWD, fair value 103.79 TWD, a gap of about +155% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 6961?
No. The price is what the market pays today (40.70 TWD); the fair value is what the company's own numbers justify (103.79 TWD). For Uni Travel Services Co., Ltd. the two are 63.09 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Uni Travel Services Co., Ltd. worth?
The market values Uni Travel Services Co., Ltd. at about 1.1B TWD (market capitalisation, as of Nov 3, 2026). Per share that is 40.70 TWD; our models calculate a fair value of 103.79 TWD per share.
What do the bullish and bearish scenarios say about 6961?
Our models span a range for Uni Travel Services Co., Ltd.: cautious scenario 65.30 TWD, base 103.79 TWD, optimistic 167.96 TWD per share (as of Nov 3, 2026, price 40.70 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6961?
Uni Travel Services Co., Ltd. trades at a price-to-earnings ratio of 15.1 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 103.79 TWD is built from several models across several years.
How far is 6961 from its 52-week high?
Uni Travel Services Co., Ltd. trades at 40.70 TWD, about 45% below its 52-week high of 73.39 TWD and at the low of 40.70 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 103.79 TWD is for.
Which stocks are comparable to Uni Travel Services Co., Ltd.?
From the same area (Consumer Cyclical) we also value Booking Holdings, Airbnb, Inc, Royal Caribbean Cruises Ltd, Viking Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Uni Travel Services Co., Ltd. stock attractive at the current price?
The data as of Nov 3, 2026: price 40.70 TWD, calculated fair value 103.79 TWD (+155%), Quality Score 46/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 6961 calculated?
We run Uni Travel Services Co., Ltd. through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 103.79 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Uni Travel Services Co., Ltd. currently trades 61% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Uni Travel Services Co., Ltd. (6961)?
The closing price on Nov 9, 2026 was 40.70 TWD. Our model-based fair value is 103.79 TWD, about +155% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Uni Travel Services Co., Ltd. right now?
The large discount to fair value meets weak quality (46/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (65.30 TWD). The market is more pessimistic than our downside scenario. 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 (65.30 TWD to 167.96 TWD) leaves room in how you read the outcome.
Key figures of Uni Travel Services Co., Ltd.
How large is the market capitalisation of Uni Travel Services Co., Ltd. (6961)?
The market capitalisation of Uni Travel Services Co., Ltd. is 1.1B TWD (≈ $33.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Uni Travel Services Co., Ltd. (6961)?
The price-to-sales ratio of Uni Travel Services Co., Ltd. is 0.37 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Uni Travel Services Co., Ltd. (6961)?
Earnings per share at Uni Travel Services Co., Ltd. are 2.69 TWD (price ÷ EPS = P/E 15.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Uni Travel Services Co., Ltd. (6961)?
The net margin of Uni Travel Services Co., Ltd. is 2.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Uni Travel Services Co., Ltd. (6961)?
On an EBIT basis the return on assets of Uni Travel Services Co., Ltd. is −2.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much net cash does Uni Travel Services Co., Ltd. (6961) hold?
Uni Travel Services Co., Ltd. holds more cash than debt, 631M TWD net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 3, 2026