Ta Chen Stainless Pipe Co Ltd (2027) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Ta Chen Stainless Pipe Co Ltd stock TWD 41.54, price TWD 48.15, that is 13.7% below the price, quality 54 out of 100. Rating: overvalued. Calculated from audited financials with 16 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 3, 2026.
How to read this chart
60‑month range 29.10 TWD – 54.49 TWD · fair‑value band 29.08 TWD – 54.01 TWD · the 48.15 TWD price screens above the 41.54 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Ta Chen Stainless Pipe Co., Ltd. manufactures, processes, and sells stainless steel pipes, plates, and fittings, and venetian blinds in Taiwan, the United States, China, and internationally. It operates in Stainless Steel and Aluminum, Aluminum Products Manufacturing, and Screws and Nuts segments.
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The company offers stainless flat rolled, extrusions, pipes, valves, fittings, flanges, tubing, and casting and long products.
It also engages in the manufacture and sales of aluminum flat rolled products coil, sheet, and tread bright; stainless steel pipe accessories; fabric products and auto parts; screws and nuts; curtains and decorations; and engine, motorcycle, automobile and other parts.
In addition, the company involved in the investment businesses; and provides energy technical services. Ta Chen Stainless Pipe Co., Ltd. was incorporated in 1986 and is headquartered in Tainan City, Taiwan.
Stock analysis
Ta Chen Stainless Pipe Co Ltd (2027) currently trades at 48.15 TWD, while our model-based Fair Value estimate is 41.54 TWD, 14% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 52.13 TWD per share, and 7 of the 16 models we run sit above the 48.15 TWD price.
Bear case: the Asset-Based group reads lowest at 4.20 TWD, and 9 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 29.08 TWD (bear) to 54.01 TWD (bull), the price of 48.15 TWD sits inside 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 54/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Ta Chen Stainless Pipe Co Ltd reported revenue of 102B TWD in FY2025 versus 96.9B TWD in FY2021, a compound +1.2%/yr. Reported net income was 6.7B TWD in FY2025, compounding −8.9%/yr from FY2021.
Key figures
Market cap 135B TWD (≈ $4.1B) Mid · P/E ratio 9.9 · P/S ratio 1.15 · EPS (TTM) 4.87 TWD · Dividend yield 3.1% · Net margin 10.1% · Return on equity 17.0% · Return on assets (EBIT) 9.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at −14%, 2027 screens cheaper than that median.
Fair Value models
Bear29.08 TWDFair Value 41.54 TWDBull54.01 TWD
Price 48.15 TWD · Downside -13.7%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2.89 TWD per share) are deliberately not added.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.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+12.6%
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.
−3.7%
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.
+11.4%
Start year 2020 (pandemic). Over 10 years: +7.2% a year
Revenue growth 22 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.
+16.3%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−1.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.3%
Dividend (yield on the price)3.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−4.3% vs 8.7%, slowing
Profit margin 2020 to 2025 ⓘ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.3% → 14%
Compare Ta Chen Stainless Pipe Co Ltd with another stock
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.Steel · 410 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−13.7% · Below median
Profitability
Return on equity (12 months)17.0% · Top 25%
Return on assets4.4% · Above median
Net margin (12 months)10.1% · Top 25%
Operating margin (12 months)21.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)41.6% · Top 25%
Dividend yield (12 months)3.1% · Above median
Balance sheet
Debt / equity0.41× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Ta Chen Stainless Pipe Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2027
Frequently asked questions
Is Ta Chen Stainless Pipe Co Ltd (2027) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 41.54 TWD versus a price of 48.15 TWD, about 14% lower (overvalued).
What is the fair value of 2027?
Our model-based fair value for Ta Chen Stainless Pipe Co Ltd is 41.54 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 48.15 TWD.
What is the quality score of 2027?
Ta Chen Stainless Pipe Co Ltd has a Quality Score of 54/100. 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 Ta Chen Stainless Pipe Co Ltd (2027)?
Our model-based price target is the fair value of 41.54 TWD (as of Nov 3, 2026) from 16 valuation models. Cautious scenario 29.08 TWD, optimistic scenario 54.01 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ta Chen Stainless Pipe Co Ltd stock forecast for 2026?
Our models put fair value at 41.54 TWD, about 14% lower versus a price of 48.15 TWD (overvalued). Cautious scenario 29.08 TWD, optimistic scenario 54.01 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ta Chen Stainless Pipe Co Ltd (2027)?
Ta Chen Stainless Pipe Co Ltd reported trailing-twelve-month revenue of about 117B TWD (latest available figure, as of Nov 3, 2026).
Does Ta Chen Stainless Pipe Co Ltd pay a dividend?
Ta Chen Stainless Pipe Co Ltd currently shows a dividend yield of 3.12% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Ta Chen Stainless Pipe Co Ltd (2027) and when is the ex-dividend date?
Ta Chen Stainless Pipe Co Ltd pays a dividend of 1.50 TWD per share a year, a dividend yield of 3.1%. The last ex-dividend date was Jul 14, 2026. The payout ratio is 25.2% of earnings (on adjusted earnings, reported 30.8%). Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Ta Chen Stainless Pipe Co Ltd (2027)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ta Chen Stainless Pipe Co Ltd it is 41.54 TWD per share (as of Nov 3, 2026), against a price of 48.15 TWD. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Ta Chen Stainless Pipe Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 2027 trades above its calculated fair value: price 48.15 TWD, fair value 41.54 TWD, a gap of about −14% (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 2027?
No. The price is what the market pays today (48.15 TWD); the fair value is what the company's own numbers justify (41.54 TWD). For Ta Chen Stainless Pipe Co Ltd the two are 6.61 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ta Chen Stainless Pipe Co Ltd worth?
The market values Ta Chen Stainless Pipe Co Ltd at about 135B TWD (market capitalisation, as of Nov 3, 2026). Per share that is 48.15 TWD; our models calculate a fair value of 41.54 TWD per share.
What do the bullish and bearish scenarios say about 2027?
Our models span a range for Ta Chen Stainless Pipe Co Ltd: cautious scenario 29.08 TWD, base 41.54 TWD, optimistic 54.01 TWD per share (as of Nov 3, 2026, price 48.15 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2027?
Ta Chen Stainless Pipe Co Ltd trades at a price-to-earnings ratio of 9.9 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 41.54 TWD is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 16.8 (reported for FY2025: 20.5). Other multiples: P/B 1.8, P/S 1.2, EV/EBITDA 6.8.
How solid is the balance sheet of Ta Chen Stainless Pipe Co Ltd (2027)?
Balance-sheet figures for Ta Chen Stainless Pipe Co Ltd (as of Nov 3, 2026): return on equity 17.0%, debt of 0.41 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 2027 from its 52-week high?
Ta Chen Stainless Pipe Co Ltd trades at 48.15 TWD, about 6% below its 52-week high of 51.00 TWD and 38% above the low of 34.80 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 41.54 TWD is for.
Which stocks are comparable to Ta Chen Stainless Pipe Co Ltd?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 Ta Chen Stainless Pipe Co Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price 48.15 TWD, calculated fair value 41.54 TWD (−14%), Quality Score 54/100, from 16 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 2027 calculated?
We run Ta Chen Stainless Pipe Co Ltd through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 41.54 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. Ta Chen Stainless Pipe Co Ltd 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 Ta Chen Stainless Pipe Co Ltd (2027)?
The closing price on Nov 9, 2026 was 48.15 TWD. Our model-based fair value is 41.54 TWD, about 14% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ta Chen Stainless Pipe Co Ltd right now?
Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (29.08 TWD to 54.01 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Ta Chen Stainless Pipe Co Ltd (2027) come from?
Earnings per share at Ta Chen Stainless Pipe Co Ltd grew +8.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −0.9 %, EBIT margin +7.1 %, tax rate +0.1 %, residual (interest, one-offs) +1.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Ta Chen Stainless Pipe Co Ltd
How large is the market capitalisation of Ta Chen Stainless Pipe Co Ltd (2027)?
The market capitalisation of Ta Chen Stainless Pipe Co Ltd is 135B TWD (≈ $4.1B). 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 Ta Chen Stainless Pipe Co Ltd (2027)?
The price-to-sales ratio of Ta Chen Stainless Pipe Co Ltd is 1.15 (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 Ta Chen Stainless Pipe Co Ltd (2027)?
Earnings per share at Ta Chen Stainless Pipe Co Ltd are 4.87 TWD (price ÷ EPS = P/E 9.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ta Chen Stainless Pipe Co Ltd (2027)?
The dividend yield of Ta Chen Stainless Pipe Co Ltd is 3.1% (payout 25.2%, on adjusted earnings, reported 30.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ta Chen Stainless Pipe Co Ltd (2027)?
The net margin of Ta Chen Stainless Pipe Co Ltd is 10.1% (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 Ta Chen Stainless Pipe Co Ltd (2027)?
The return on equity (ROE) of Ta Chen Stainless Pipe Co Ltd is 17.0% (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 Ta Chen Stainless Pipe Co Ltd (2027)?
On an EBIT basis the return on assets of Ta Chen Stainless Pipe Co Ltd is 9.9% (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 Ta Chen Stainless Pipe Co Ltd (2027)?
The operating margin of Ta Chen Stainless Pipe Co Ltd is 21.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ta Chen Stainless Pipe Co Ltd (2027)?
Revenue at Ta Chen Stainless Pipe Co Ltd is growing +41.6% versus a year earlier (3y avg −3.7%). 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 Ta Chen Stainless Pipe Co Ltd (2027)?
Earnings per share at Ta Chen Stainless Pipe Co Ltd are growing +361% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ta Chen Stainless Pipe Co Ltd (2027) generate?
The free cash flow of Ta Chen Stainless Pipe Co Ltd is −5.7B 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 Ta Chen Stainless Pipe Co Ltd (2027) carry?
The net debt of Ta Chen Stainless Pipe Co Ltd is 43.8B 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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Nov 3, 2026