Hey-Song Corp (1234) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Hey-Song Corp stock TWD 23.07, price TWD 31.85, that is 27.6% below the price, quality 50 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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Hey-Song Corp
1234 · TWOur calculation puts a fair price 28% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 30.11 TWD – 45.20 TWD · fair‑value band 15.59 TWD – 30.40 TWD · the 31.85 TWD price screens above the 23.07 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
Hey Song Corporation manufactures and sells beverages and alcoholic beverages under its own brands, provides OEM and sales services for other well-known brands in Taiwan.
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The company offers carbonated drinks under the HeySong Sarsaparilla, C&C, and HeySong Soda brands; coffee under the Wincafe brand; tea under the HeySong Camellia Green Tea, and HeySong Tea brands; and sports drinks under the HeySong FIN brand.
The company is also engaged in the production and sale of beverages bearing its own brand; property leasing services for commercial spaces and investment properties; and distribution and sale of domestic and imported liquors, such as Kinmen Kaoling"Chinese liquor, Macleod's whiskey, and St-Rémy-brandy.
In addition, the company provides liqueur drinks under the CHOYA, and KIRIN fruit liqueur brands; sake under the Kuromatsu Hakushika Sake, Takashimizu, and KENBISHI brands; Chinese spirits under the Kinmen Kaoling brand; and wine under the Hardys, EVO, Kumala, Banrock Station, Bocopa, Sgarzi Luigi, KOALA FOREST, Vina Del Pedregal, Huat-Guiraud, Hugo Casanova, Raymond Huet, Petaluma, Grant Burge, Arras, ST. Hallett, and PPB brands.
In addition, it offers juices under the HeySong Juice and Oasis Juice brands; and water and Rémy Cointreau products. Hey Song Corporation was founded in 1925 and is headquartered in Taipei, Taiwan.
Stock analysis
Hey-Song Corp (1234) currently trades at 31.85 TWD, while our model-based Fair Value estimate is 23.07 TWD, 28% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 33.35 TWD per share, and 5 of the 16 models we run sit above the 31.85 TWD price.
Bear case: the Earnings-Based group reads lowest at 8.20 TWD, and 11 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 15.59 TWD (bear) to 30.40 TWD (bull), the price of 31.85 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 50/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Hey-Song Corp reported revenue of 9.5B TWD in FY2025 versus 9.2B TWD in FY2021, a compound +0.8%/yr. Reported net income was 804M TWD in FY2025, compounding +0.2%/yr from FY2021.
Key figures
Market cap 12.8B TWD (≈ $389M) Small · P/E ratio 19.4 · P/S ratio 1.38 · EPS (TTM) 1.64 TWD · Dividend yield 5.2% · Net margin 7.1% · Return on equity 3.6% · Return on assets (EBIT) 3.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −23% fair-value upside, at −28%, 1234 screens richer than that median.
Fair Value models
All 16 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
1234 screens overvalued: fair value 28% below the price. Compare with The Coca-Cola Company →
Compare Hey-Song Corp with another stock
Price, fair value, quality and upside side by side.
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.Beverages - Non-Alcoholic · 80 stocks
Valuation Multiplesvs Beverages - Non-Alcoholic median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Consumer Staples sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Fair value gap by industry
- Return on assets by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Taiwanese Stocks
- Valuation of the Taiwan market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Beverages - Non-Alcoholic stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Eastroc Beverage (Group) Co 605499 | ¥115.00 | ¥173.16 | +51% | vs 1234 |
| Celsius Holdings CELH | $32.16 | $35.38 | +10% | vs 1234 |
| Nongfu Spring Co 9633 | HK$45.22 | HK$49.28 | +9% | vs 1234 |
| Monster Beverage Corporation MNST | $45.72 | $41.19 | −10% | vs 1234 |
| Varun Beverages Limited VBL | ₹438.00 | ₹339.34 | −23% | vs 1234 |
| Coca-Cola Europacific Partners PLC CCEP | $116.13 | $89.56 | −23% | vs 1234 |
| PepsiCo, Inc PEP | $141.34 | $97.18 | −31% | vs 1234 |
| Keurig Dr Pepper Inc KDP | $36.63 | $24.43 | −33% | vs 1234 |
| Primo Brands Corporation PRMB | $22.39 | $12.23 | −45% | vs 1234 |
| The Coca-Cola Company KO | $95.67 | $29.32 | −69% | vs 1234 |
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