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Innostar Service, Inc (7828) Fair Value & Analysis

Industrials · TW · Market cap 85.6B TWD

IS Innostar Service, Inc 7828 · TWO
Price1,710 TWD
Fair Value3,493 TWD
Upside+104.3%
Quality49/100
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Expensive Growth
Highly profitable · 32.3% net margin
Low debt · negative free cash flow
0.26% dividend yield
Ranks above peers (6/10)
Wide moat 84/100
Evidence: Medium Range 2,668 TWD – 6,590 TWD Share as image

Fair value as of: Jul 13, 2026

From 14 valuation models · updated 28 days ago

Share price −11.2% over the past month.

Below-average quality, screening 104% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (2,668 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (2,668 TWD to 6,590 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (15 months)

2,325 TWD 200.61 TWD Fair Value 3,493 TWD May 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

15‑month range 200.61 TWD – 2,325 TWD · fair‑value band 2,668 TWD – 6,590 TWD · the 1,710 TWD price screens below the 3,493 TWD fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Innostar Service, Inc (7828) currently trades at 1,710 TWD, while our model-based Fair Value estimate is 3,493 TWD, implying the stock looks roughly 104.3% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials 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: medium), always confirm before acting.

Over the trailing twelve months, Innostar Service, Inc generated revenue of 768M TWD at a net margin of 32.3%. Revenue grew 84.8% year over year. It earns a return on equity of 24.9%. Fundamentals as of Jul 13, 2026

Our scenario range runs from 2,668 TWD (bear case) to 6,590 TWD (bull case); at 1,710 TWD, the current price sits below 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 4% below its 52-week high, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 104%, 7828 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 BearBaseBull Evidence
Highest evidence
Residual Income 37.47 TWD 49.87 TWD 205.29 TWD 76
ROIC Compounder 77.63 TWD 123.98 TWD 154.43 TWD 72
Growth-Adj P/E 180.17 TWD 257.39 TWD 334.61 TWD 68
All 14 models by family
Earnings-Based
Graham-Dodd 38.23 TWD 266.62 TWD 374.17 TWD 54
Lynch FV 137.75 TWD 196.78 TWD 255.82 TWD 50
PEG = 1.0 137.75 TWD 196.78 TWD 255.82 TWD 46
EPV 57.86 TWD 66.51 TWD 74.08 TWD 59
Multiples
P/E Multiple 88.55 TWD 118.07 TWD 147.59 TWD 63
P/S Multiple 26.53 TWD 35.37 TWD 44.22 TWD 58
P/B Multiple 71.68 TWD 95.58 TWD 119.47 TWD 55
EV/EBIT 93.90 TWD 123.21 TWD 152.52 TWD 53
EV/EBITDA 83.12 TWD 108.83 TWD 134.55 TWD 54
EV/Revenue 28.26 TWD 37.82 TWD 47.37 TWD 43
Asset-Based
NCAV (Graham) 14.72 TWD 19.72 TWD 29.43 TWD 50
Economic Profit
Residual Income 37.47 TWD 49.87 TWD 205.29 TWD 76
ROIC Compounder 77.63 TWD 123.98 TWD 154.43 TWD 72
Growth Earnings
Growth-Adj P/E 180.17 TWD 257.39 TWD 334.61 TWD 68

Widest divergence: Growth Earnings (257.39 TWD) versus Asset-Based (19.72 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 768M TWD
Revenue growth (YoY) +84.8%
Net margin 32.3%
Return on equity 24.9%
Free cash flow −394M TWD FY2025
P/E ratio 250.0
More key figures
Operating margin 25.3%
EPS (TTM) 6.26 TWD
EPS growth (YoY) +7,024%

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 48 · Market factors (momentum, volatility) 66

Profitability 65
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 74
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

Innostar Service, Inc. designs, manufactures, and sells automation equipment and semiconductor probe card related machinery and equipment in China. It also provides optoelectronic automation equipment engineering and industrial OEM services.

Full company description

Innostar Service, Inc. designs, manufactures, and sells automation equipment and semiconductor probe card related machinery and equipment in China. It also provides optoelectronic automation equipment engineering and industrial OEM services. In addition, the company offers MEMS probe automated insertion; laser drilling and shaping; probe AOI sorting and alignment and card automated repair line; and pogo pin probe card insertion, inspection, and repair machines. Further, it provides precision laser cutting; mini-LED laser repair equipment; laser de-coating; and MEMS mirrors precision assembly machines. Additionally, it offers high-density copper pillar lead frame. The company was incorporated in 1993 and is headquartered in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Innostar Service, Inc reported revenue of 716M TWD in FY2025 versus 164M TWD in FY2022, a compound +63.5%/yr. Reported net income was 228M TWD in FY2025, compounding +200.7%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
716M TWD
Latest YoY
+76.4%
Avg. growth/yr (3Y)
+63.5%
Revenue +63.5%/yr
FY22 164M TWD
FY23 120M TWD
FY24 406M TWD
FY25 716M TWD
Net income +200.7%/yr
FY22 8.4M TWD
FY23 −49.9M TWD
FY24 150M TWD
FY25 228M TWD

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Cite: Fair Value Calculator (2026). "Innostar Service, Inc Fair Value". https://www.fairvalue-calculator.com/stock/7828

Peer Group

Specialty Industrial Machinery · 809 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 49 · Below median
Fair Value upside +104% · Top 25%
Return on equity (TTM) 29% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 32% · Top 25%
Operating margin (TTM) 25% · Top 25%
Revenue growth 52% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 345.0× · Pricier 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 100 · sector 0
FUTURE 100 · sector 23
PAST 100 · sector 28
HEALTH 93 · sector 96
DIVIDEND 5 · sector 24

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

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1SIE 1SIE €273.20 €91.93 -66%
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Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Innostar Service, Inc (7828) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 3,493 TWD versus a price of 1,710 TWD, about +104% (undervalued).
What is the fair value of 7828?
Our model-based fair value for Innostar Service, Inc is 3,493 TWD (as of Jul 13, 2026), built from audited fundamentals. The current price is 1,710 TWD.
What is the quality score of 7828?
Innostar Service, Inc has a Quality Score of 49/100. 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 Innostar Service, Inc (7828)?
Innostar Service, Inc reported trailing-twelve-month revenue of about 768M TWD (latest available figure, as of Jul 13, 2026).
What is the net profit margin of 7828?
The net profit margin of Innostar Service, Inc is about 32.3%, meaning it keeps roughly 32.3% 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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