Taiwan Wax Co Ltd (1742) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Taiwan Wax Co Ltd stock TWD 34.48, price TWD 22.15, upside +55.7%, quality 53 out of 100. Rating: strongly undervalued. Calculated from audited financials with 5 of our 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 9, 2026.
How to read this chart
60‑month range 12.90 TWD – 22.15 TWD · fair‑value band 32.30 TWD – 36.19 TWD · the 22.15 TWD price screens below the 34.48 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Taiwan Wax Company,Ltd. manufactures and sells various wax raw materials and finished products in Taiwan and internationally. The company offers refined paraffin wax and microcrystalline wax. The company also trades in optoelectronic equipment and aquatic products; and offers brokerage services.
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Taiwan Wax Company,Ltd. was founded in 1987 and is based in Chiayi, Taiwan.
Stock analysis
Taiwan Wax Co Ltd (1742) currently trades at 22.15 TWD, while our model-based Fair Value estimate is 34.48 TWD, implying the stock looks roughly 36% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 45.73 TWD per share, and 3 of the 5 models we run sit above the 22.15 TWD price.
Bear case: the DCF Models group reads lowest at 27.96 TWD, and 2 of the 5 models stay below the price. Data coverage for this calculation is low.
Scenario range: 32.30 TWD (bear) to 36.19 TWD (bull), the price of 22.15 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 53/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Taiwan Wax Co Ltd reported revenue of 112M TWD in FY2025 versus 500M TWD in FY2021, a compound −31.3%/yr. Reported net income was −100M TWD in FY2025.
Key figures
Market cap 2.1B TWD (≈ $62.5M) Micro · P/S ratio 23.5 · EPS (TTM) −0.5600 TWD · Net margin −62.5% · Return on equity −4.0% · Return on assets (EBIT) 3.7% (5-year average) · Operating margin −51.7% · Revenue (TTM) 83.1M TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 69% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −41% fair-value upside, at 56%, 1742 screens cheaper than that median.
Fair Value models
Bear32.30 TWDFair Value 34.48 TWDBull36.19 TWD
Price 22.15 TWD · Upside +55.7%
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.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 DCF35.89 TWD45.31 TWD60.74 TWD82
Growth DCF36.85 TWD45.73 TWD59.17 TWD80
5Y Revenue Exit18.22 TWD19.71 TWD21.77 TWD74
All 5 models by family
DCF Models
FCF DCF35.89 TWD45.31 TWD60.74 TWD82
5Y Revenue Exit18.22 TWD19.71 TWD21.77 TWD74
10Y Revenue Exit26.19 TWD27.96 TWD29.35 TWD68
Asset-Based
NCAV (Graham)1.47 TWD2.23 TWD2.78 TWD55
Growth DCF
Growth DCF36.85 TWD45.73 TWD59.17 TWD80
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
+5.5%
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.
−1.5%
Revenue growth 6 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.
−1.1%
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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.
2.6% (2020) → −19.7% (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
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
−12.8%
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.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −14.1% a year for the price.
Price, fair value, quality and upside side by side.
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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 Chemicals · 728 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+55.7% · Top 25%
Profitability
Return on assets−7.0% · Bottom 25%
Net margin (12 months)−62.5% · Bottom 25%
Operating margin (12 months)−51.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−18.5% · Bottom 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Taiwan Wax Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1742
Frequently asked questions
Is Taiwan Wax Co Ltd (1742) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 34.48 TWD versus a price of 22.15 TWD, about +56% upside (undervalued).
What is the fair value of 1742?
Our model-based fair value for Taiwan Wax Co Ltd is 34.48 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 22.15 TWD.
What is the quality score of 1742?
Taiwan Wax Co Ltd has a Quality Score of 53/100. 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 Taiwan Wax Co Ltd (1742)?
Our model-based price target is the fair value of 34.48 TWD (as of Nov 9, 2026) from 5 valuation models. Cautious scenario 32.30 TWD, optimistic scenario 36.19 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Taiwan Wax Co Ltd stock forecast for 2026?
Our models put fair value at 34.48 TWD, about +56% upside versus a price of 22.15 TWD (undervalued). Cautious scenario 32.30 TWD, optimistic scenario 36.19 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Taiwan Wax Co Ltd (1742)?
Taiwan Wax Co Ltd reported trailing-twelve-month revenue of about 83.1M TWD (latest available figure, as of Nov 9, 2026).
What growth is priced into Taiwan Wax Co Ltd (1742)?
For today's price to be fair in a discounted-cash-flow model, Taiwan Wax Co Ltd would have to grow free cash flow by -12.8 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -19.7 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 1742 use?
Our models discount Taiwan Wax Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.10, 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 Taiwan Wax Co Ltd that is -12.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Taiwan Wax Co Ltd (1742) delivered so far?
Over the past 5 years revenue at Taiwan Wax Co Ltd grew -19.7 % a year. The price currently implies free-cash-flow growth of -12.8 % 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 Taiwan Wax Co Ltd (1742) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Taiwan Wax Co Ltd (-12.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Taiwan Wax Co Ltd (1742)?
The free-cash-flow yield on the price is 19.82 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Taiwan Wax Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Taiwan Wax Co Ltd (1742)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Taiwan Wax Co Ltd it is 34.48 TWD per share (as of Nov 9, 2026), against a price of 22.15 TWD. It is the blended result of 5 valuation models in 3 families (DCF Models, Asset-Based, Growth DCF).
Is Taiwan Wax Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 1742 trades below its calculated fair value: price 22.15 TWD, fair value 34.48 TWD, a gap of about +56% (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 1742?
No. The price is what the market pays today (22.15 TWD); the fair value is what the company's own numbers justify (34.48 TWD). For Taiwan Wax Co Ltd the two are 12.33 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Taiwan Wax Co Ltd worth?
The market values Taiwan Wax Co Ltd at about 2.1B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 22.15 TWD; our models calculate a fair value of 34.48 TWD per share.
What do the bullish and bearish scenarios say about 1742?
Our models span a range for Taiwan Wax Co Ltd: cautious scenario 32.30 TWD, base 34.48 TWD, optimistic 36.19 TWD per share (as of Nov 9, 2026, price 22.15 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Taiwan Wax Co Ltd (1742)?
Balance-sheet figures for Taiwan Wax Co Ltd (as of Nov 9, 2026): return on equity −4.0%, debt of 0.05 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 1742 from its 52-week high?
Taiwan Wax Co Ltd trades at 22.15 TWD, at its 52-week high of 22.15 TWD and 69% above the low of 13.10 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 34.48 TWD is for.
Which stocks are comparable to Taiwan Wax Co Ltd?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics 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 Taiwan Wax Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 22.15 TWD, calculated fair value 34.48 TWD (+56%), Quality Score 53/100, from 5 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 1742 calculated?
We run Taiwan Wax Co Ltd through 5 models from 3 families: DCF Models, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 34.48 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. Taiwan Wax Co Ltd currently trades 36% 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 Taiwan Wax Co Ltd (1742)?
The closing price on Nov 9, 2026 was 22.15 TWD. Our model-based fair value is 34.48 TWD, about +56% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Taiwan Wax Co Ltd right now?
The price is below even our cautious bear case (32.30 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. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (32.30 TWD to 36.19 TWD), unusually little disagreement for a valuation.
Key figures of Taiwan Wax Co Ltd
How large is the market capitalisation of Taiwan Wax Co Ltd (1742)?
The market capitalisation of Taiwan Wax Co Ltd is 2.1B TWD (≈ $62.5M). 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 Taiwan Wax Co Ltd (1742)?
The price-to-sales ratio of Taiwan Wax Co Ltd is 23.5 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Taiwan Wax Co Ltd (1742)?
Earnings per share at Taiwan Wax Co Ltd are −0.5600 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Taiwan Wax Co Ltd (1742)?
The net margin of Taiwan Wax Co Ltd is −62.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Taiwan Wax Co Ltd (1742)?
The return on equity (ROE) of Taiwan Wax Co Ltd is −4.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Taiwan Wax Co Ltd (1742)?
On an EBIT basis the return on assets of Taiwan Wax Co Ltd is 3.7% (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.
What is the operating margin of Taiwan Wax Co Ltd (1742)?
The operating margin of Taiwan Wax Co Ltd is −51.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Taiwan Wax Co Ltd (1742)?
Revenue at Taiwan Wax Co Ltd is growing −18.5% versus a year earlier (3y avg +5.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Taiwan Wax Co Ltd (1742)?
Earnings per share at Taiwan Wax Co Ltd are growing +72.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Taiwan Wax Co Ltd (1742) carry?
The net debt of Taiwan Wax Co Ltd is 270M TWD (fiscal year 2024, ≈ 0.7 yrs of FCF). 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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Thin data
Nov 9, 2026