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Acer Synergy Manpower Corp (7706) Fair Value & Analysis

Industrials · TW · Market cap 404M TWD

AS Acer Synergy Manpower Corp 7706 · TWO
Price35.80 TWD
Fair Value23.44 TWD
Upside-34.5%
Quality44/100
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Mixed Growth
Thin margins · 0.0% net margin
generates free cash flow
Trails peers (2/11)
Narrow moat 41/100
Evidence: High Range 17.58 TWD – 29.31 TWD Share as image

Fair value as of: Jul 22, 2026

From 25 valuation models · updated 20 days ago

Share price −11.4% over the past month.

Below-average quality, and screening another 35% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (29.31 TWD). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (3 years)

96.84 TWD 34.50 TWD Fair Value 23.44 TWD Dec 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

32‑month range 34.50 TWD – 96.84 TWD · fair‑value band 17.58 TWD – 29.31 TWD · the 35.80 TWD price screens above the 23.44 TWD fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Acer Synergy Manpower Corp (7706) currently trades at 35.80 TWD, while our model-based Fair Value estimate is 23.44 TWD, implying the stock looks roughly 34.5% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials 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: high).

The balance sheet holds a net cash position of 97.8M TWD. The stock trades on a trailing P/E of 28.2. Fundamentals as of Jul 22, 2026

Our scenario range runs from 17.58 TWD (bear case) to 29.31 TWD (bull case); at 35.80 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 about 18% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 23% fair-value upside, at -35%, 7706 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
Residual Income 11.56 TWD 12.42 TWD 13.80 TWD 76
Growth DCF 15.60 TWD 20.57 TWD 28.04 TWD 72
Gordon GGM 5.44 TWD 9.80 TWD 13.49 TWD 70
All 25 models by family
DCF Models
FCF DCF 15.85 TWD 19.90 TWD 29.58 TWD 38
Owner Earnings 25.94 TWD 41.24 TWD 68.05 TWD 31
5Y Revenue Exit 20.68 TWD 32.32 TWD 50.09 TWD 39
5Y EBITDA Exit 21.51 TWD 34.18 TWD 52.09 TWD 41
5Y P/E Exit 24.60 TWD 41.47 TWD 62.66 TWD 38
10Y Revenue Exit 18.38 TWD 28.69 TWD 45.46 TWD 36
10Y EBITDA Exit 19.33 TWD 30.03 TWD 48.87 TWD 37
10Y P/E Exit 21.29 TWD 35.01 TWD 57.76 TWD 35
Earnings-Based
Graham-Dodd 8.93 TWD 55.87 TWD 78.02 TWD 54
Lynch FV 16.09 TWD 22.99 TWD 29.88 TWD 50
PEG = 1.0 16.09 TWD 22.99 TWD 29.88 TWD 46
EPV 18.17 TWD 19.34 TWD 20.31 TWD 59
Dividend Discount
Gordon GGM 5.44 TWD 9.80 TWD 13.49 TWD 70
DDM Multi-Stage 5.44 TWD 8.95 TWD 10.47 TWD 61
Multiples
P/E Multiple 20.69 TWD 27.58 TWD 34.48 TWD 63
P/S Multiple 16.75 TWD 22.33 TWD 27.91 TWD 58
P/B Multiple 16.75 TWD 22.33 TWD 27.91 TWD 55
EV/EBIT 28.41 TWD 34.68 TWD 40.94 TWD 53
EV/EBITDA 25.33 TWD 30.56 TWD 35.79 TWD 54
EV/Revenue 23.04 TWD 28.78 TWD 34.53 TWD 43
Asset-Based
NCAV (Graham) 7.09 TWD 9.50 TWD 14.19 TWD 50
Growth DCF
Growth DCF 15.60 TWD 20.57 TWD 28.04 TWD 72
Economic Profit
Residual Income 11.56 TWD 12.42 TWD 13.80 TWD 76
ROIC Compounder 19.62 TWD 23.00 TWD 27.34 TWD 67
Growth Earnings
Growth-Adj P/E 22.98 TWD 32.82 TWD 42.67 TWD 68

Widest divergence: Growth Earnings (32.82 TWD) versus Dividend Discount (8.95 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Free cash flow 5.2M TWD FY2025
P/E ratio 30.8
EPS (TTM) 1.31 TWD
Net cash 97.8M TWD FY2024

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 48 · Market factors (momentum, volatility) 35

Profitability 50
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 13
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

Acer Synergy Manpower Corp. provides human resource services in Taiwan, China, and internationally. It offers long-term and short-term information manpower dispatch and outsourcing services; mid-to-high-level talent recruitment services; talent management and training development services; and headhunting services.

Full company description

Acer Synergy Manpower Corp. provides human resource services in Taiwan, China, and internationally. It offers long-term and short-term information manpower dispatch and outsourcing services; mid-to-high-level talent recruitment services; talent management and training development services; and headhunting services. The company also provides multifunctional software in line with customer strategic needs. It serves semiconductor, manufacturing, financial, and medical industries. The company was founded in 2018 and is headquartered in Zhubei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Acer Synergy Manpower Corp reported revenue of 532M TWD in FY2025 versus 273M TWD in FY2021, a compound +18.2%/yr. Reported net income was 13.1M TWD in FY2025, compounding −6.8%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
532M TWD
Latest YoY
+10.0%
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.
+20.5%
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.
+21.2%
Revenue +18.2%/yr
FY21 273M TWD
FY22 304M TWD
FY23 340M TWD
FY24 484M TWD
FY25 532M TWD
Net income −6.8%/yr
FY21 17.4M TWD
FY22 17.9M TWD
FY23 8.6M TWD
FY24 5.7M TWD
FY25 13.1M TWD

7706 screens 35% overvalued. Compare with Adecco Group →

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Cite: Fair Value Calculator (2026). "Acer Synergy Manpower Corp Fair Value". https://www.fairvalue-calculator.com/stock/7706

Peer Group

Staffing & Employment Services · 85 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 44 · Bottom 25%
Fair Value upside −35% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Staffing & Employment Services median · lower = cheaper

P/E (TTM) 30.8× · Pricier than 75% of peers
P/B 0.09× · Cheaper than 75% of peers
P/FCF 2.4× · Cheaper than median

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 Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Adecco Group ADEN CHF 20.46 CHF 23.73 +16%
Korn Ferry, KFY $78.61 $114.56 +46%
Robert Half Inc RHI $36.70 $22.10 -40%
TriNet Group TNET $57.56 $70.85 +23%
ManpowerGroup Inc MAN $39.02 $29.67 -24%
Insperity, Inc NSP $49.48 $17.34 -65%
FESCO Group 600861 ¥13.24 ¥45.46 +243%
Grupa Pracuj S.A GPP 47.40 PLN 65.45 PLN +38%
Barrett Business Services, Inc BBSI $37.43 $38.42 +3%
Maharah for Human Resources Company 1831 5.36 SAR 6.92 SAR +29%

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Frequently asked questions

Is Acer Synergy Manpower Corp (7706) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 23.44 TWD versus a price of 35.80 TWD, about −35% (overvalued).
What is the fair value of 7706?
Our model-based fair value for Acer Synergy Manpower Corp is 23.44 TWD (as of Jul 22, 2026), built from audited fundamentals. The current price is 35.80 TWD.
What is the quality score of 7706?
Acer Synergy Manpower Corp has a Quality Score of 44/100. 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 7706?
The net profit margin of Acer Synergy Manpower Corp 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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