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Data-driven stock valuation

Forward Science Corp. (7530) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Forward Science Corp. stock TWD 19.32, price TWD 28.45, that is 32.1% below the price, quality 24 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Industrials TW · ISIN TW0007530B11

FS Forward Science Corp. logo Thin data Nov 10, 2026

Forward Science Corp.

7530 · TWO
Weak valuation

Our calculation puts a fair price 32% below what the stock costs today.

Low debt
Fair value 19.32 TWD · Overvalued
Quality 24/100
Weak Growth (revenue 5y −3.1 %/yr in TWD)
Loss-making · -52.7% net margin (FY2025)
Negative free cash flow
Trails peers (1/9)
Narrow moat 12/100
Thin data
Estimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

60.60 TWD 13.85 TWD Fair Value 19.32 TWD Dec 2025 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

11‑month range 13.85 TWD – 60.60 TWD · fair‑value band 14.49 TWD – 24.15 TWD · the 28.45 TWD price screens above the 19.32 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Forward Science Corp. manufactures vacuum pumps in Taiwan.

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It offers vacuum equipment, as well as repair and maintenance services; precision mechanism and OEM/ODM manufacturing services; and intelligent electromechanical systems, which include central management system, prognostic and health management, artificial intelligence testing platform, and smart manufacturing.

The company was founded in 1992 and is headquartered in Zhunan, Taiwan.

Stock analysis

Forward Science Corp. (7530) currently trades at 28.45 TWD, while our estimate is 19.32 TWD, 32% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: 14.49 TWD (bear) to 24.15 TWD (bull), the price of 28.45 TWD sits above 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 24/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Forward Science Corp. reported revenue of 167M TWD in FY2025 versus 273M TWD in FY2021, a compound −11.6%/yr. Reported net income was −87.9M TWD in FY2025.

Key figures

Market cap 1.3B TWD (≈ $40.3M) Micro · EPS (TTM) −0.9100 TWD · Net margin −52.7% · Return on assets (EBIT) −5.6% (5-year average) · Free cash flow −36.7M TWD · Net debt 221M TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).

What moves the price

The share trades about 53% below its 52-week high and 105% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −47% fair-value upside, at −32%, 7530 screens cheaper than that median.

Fair Value

Bear 14.49 TWD Fair Value 19.32 TWD Bull 24.15 TWD
Price 28.45 TWD · Downside -32.1%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 24/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 2
How much profit the company makes from its sales and capital
Quality Growth 8
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 57
Debt, balance sheet and risk of trouble
Investment 95
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 8
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 66
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−21.6%
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.
−11.6%
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.
−3.1%
Start year 2020 (pandemic)
Revenue growth 7 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.
−3.0%
Profit margin (trend) ⓘ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.
−17.5% (2020) → −44.6% (2025)
What shareholders gained per year ⓘ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

7530 screens overvalued: fair value 32% below the price. Compare with SIE →

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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.Specialty Industrial Machinery · 846 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 24 · Bottom 25%
Fair Value upside −32.1% · Below median
Profitability
Return on assets −12.8% · Bottom 25%
Net margin (12 months) −52.7% · Bottom 25%
Operating margin (12 months) 0.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median
Balance sheet
Debt / equity 0.25× · Above median

Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper

P/B 0.12× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 31
PAST (return on equity)0 · sector 27
HEALTH (low debt)88 · sector 95
DIVIDEND (yield)0 · sector 28

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

Context: sector, industry, market

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cummins Inc CMI $454.18 $359.36 −21% vs 7530
SIE SIE €271.55 €149.56 −45% vs 7530
Illinois Tool Works Inc ITW $288.05 $154.30 −46% vs 7530
Sandvik AB SAND kr 366.20 kr 194.33 −47% vs 7530
AMETEK, Inc AME $238.31 $125.74 −47% vs 7530
Parker-Hannifin Corporation PH $965.17 $492.92 −49% vs 7530
Emerson Electric Co EMR $167.54 $79.99 −52% vs 7530
Rockwell Automation, Inc ROK $397.16 $186.75 −53% vs 7530
Eaton Corporation ETN $354.22 $156.90 −56% vs 7530
GE Vernova Inc GEV $797.04 $143.50 −82% vs 7530

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Forward Science Corp.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Forward Science Corp. Fair Value". https://www.fairvalue-calculator.com/stock/7530

Frequently asked questions

Is Forward Science Corp. (7530) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is 19.32 TWD versus a price of 28.45 TWD, about 32% lower (overvalued).
What is the fair value of 7530?
Our estimate for Forward Science Corp. is 19.32 TWD (as of Nov 10, 2026), built from audited fundamentals. The current price: 28.45 TWD.
What is the quality score of 7530?
Forward Science Corp. has a Quality Score of 24/100. 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 Forward Science Corp. (7530)?
Our calculated price target is the estimate of 19.32 TWD (as of Nov 10, 2026). Cautious scenario 14.49 TWD, optimistic scenario 24.15 TWD. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Forward Science Corp. stock forecast for 2026?
Our estimate puts fair value at 19.32 TWD, about 32% lower versus a price of 28.45 TWD (overvalued). Cautious scenario 14.49 TWD, optimistic scenario 24.15 TWD. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Forward Science Corp. (7530)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Forward Science Corp. it is 19.32 TWD per share (as of Nov 10, 2026), against a price of 28.45 TWD.
Is Forward Science Corp. stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 7530 trades above its calculated fair value: price 28.45 TWD, fair value 19.32 TWD, a gap of about −32% (overvalued). 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 7530?
No. The price is what the market pays today (28.45 TWD); the fair value is what the company's own numbers justify (19.32 TWD). For Forward Science Corp. the two are 9.13 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Forward Science Corp. worth?
The market values Forward Science Corp. at about 1.3B TWD (market capitalisation, as of Nov 10, 2026). Per share that is 28.45 TWD; our models calculate a fair value of 19.32 TWD per share.
What do the bullish and bearish scenarios say about 7530?
Our models span a range for Forward Science Corp.: cautious scenario 14.49 TWD, base 19.32 TWD, optimistic 24.15 TWD per share (as of Nov 10, 2026, price 28.45 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Forward Science Corp. (7530)?
Balance-sheet figures for Forward Science Corp. (as of Nov 10, 2026): debt of 0.25 per unit of equity. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is 7530 from its 52-week high?
Forward Science Corp. trades at 28.45 TWD, about 53% below its 52-week high of 60.60 TWD and 105% above the low of 13.85 TWD (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 19.32 TWD is for.
Which stocks are comparable to Forward Science Corp.?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, 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 Forward Science Corp. stock attractive at the current price?
The data as of Nov 10, 2026: price 28.45 TWD, calculated fair value 19.32 TWD (−32%), Quality Score 24/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Forward Science Corp. itself currently trades above fair value. 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 Forward Science Corp. (7530)?
The closing price on Nov 10, 2026 was 28.45 TWD. Our estimate is 19.32 TWD, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Forward Science Corp. right now?
The price sits above even our optimistic bull case (24.15 TWD). The favourable scenario is already priced in. Weak quality (24/100) 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.

Key figures of Forward Science Corp.

How large is the market capitalisation of Forward Science Corp. (7530)?
The market capitalisation of Forward Science Corp. is 1.3B TWD (≈ $40.3M). 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 are the earnings per share of Forward Science Corp. (7530)?
Earnings per share at Forward Science Corp. are −0.9100 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Forward Science Corp. (7530)?
The net margin of Forward Science Corp. is −52.7% (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 Forward Science Corp. (7530)?
On an EBIT basis the return on assets of Forward Science Corp. is −5.6% (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 free cash flow does Forward Science Corp. (7530) generate?
The free cash flow of Forward Science Corp. is −36.7M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Forward Science Corp. (7530) carry?
The net debt of Forward Science Corp. is 221M TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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