Ta Chia Yung Ho Machine Industry Co Ltd (2221) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ta Chia Yung Ho Machine Industry Co Ltd stock TWD 48.50, price TWD 144, that is 66.2% below the price, quality 72 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 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 8, 2026.
How to read this chart
60‑month range 17.45 TWD – 197.50 TWD · fair‑value band 36.37 TWD – 60.62 TWD · the 143.50 TWD price screens above the 48.50 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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Tachia Yung Ho Machine Industry Co., Ltd. engages in the manufacture and sale of butt-welding pipe fittings and high purity components in Taiwan.
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It offers butt-welding pipe fittings, such as elbows, tees, reducers, caps, stub ends, etc.; and UHP components, including high purity pipes and pipe fittings, metal gasket face seal fittings, micro butt-welding fittings, lok-DJR compression fittings, UHP CGA/DISS fittings, high purity ball valves, VMB/VMP systems, special chemical storage tank, equipment welding assembly, precision parts processing, electrolytic polishing, and OEM/ODM products.
The company's butt-welding pipe fittings are used in the areas of petrochemical, ship building, food, sugar making, paper production, chemical engineering, agricultural chemical, dyeing, synthetic fibers, liquid chemical, gas, industries piping, construction drainage pipe fitting, etc.; and UHP components have applications in the areas of semiconductor, LCD-TFT, solar energy, LED, food industry, chemical piping, gas, liquid, construction pipe fitting, etc.
It also exports its products. The company was formerly known as Tachia Yung Ho Machine Industry Limited Company and changed its name to Tachia Yung Ho Machine Industry Co., Ltd. in 1977. Tachia Yung Ho Machine Industry Co., Ltd. was founded in 1943 and is based in Taichung, Taiwan.
Stock analysis
Ta Chia Yung Ho Machine Industry Co Ltd (2221) currently trades at 143.50 TWD, while our model-based Fair Value estimate is 48.50 TWD, 66% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 56.96 TWD per share, and 0 of the 25 models we run sit above the 143.50 TWD price.
Bear case: the Asset-Based group reads lowest at 13.67 TWD, and 25 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 36.37 TWD (bear) to 60.62 TWD (bull), the price of 143.50 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 72/100 (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 Chia Yung Ho Machine Industry Co Ltd reported revenue of 1.4B TWD in FY2025 versus 1.7B TWD in FY2021, a compound −5.3%/yr. Reported net income was 97.7M TWD in FY2025, compounding −14.3%/yr from FY2021.
Key figures
Market cap 6.1B TWD (≈ $185M) Micro · P/E ratio 47.7 · P/S ratio 4.07 · EPS (TTM) 3.01 TWD · Dividend yield 1.0% · Net margin 8.6% · Return on equity 11.5% · Return on assets (EBIT) 11.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 27% below its 52-week high and 429% 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 −66%, 2221 screens richer than that median.
Fair Value models
Bear36.37 TWDFair Value 48.50 TWDBull60.62 TWD
Price 143.50 TWD · Downside -66.2%
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 (1.29 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
−3.0%
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.
−7.9%
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.
+5.7%
Start year 2020 (pandemic). Over 10 years: +4.8% 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.
+7.2%
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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.
−0.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.3%
Dividend (yield on the price)1.0%
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.9% → 10%
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).
+23.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +21.8% a year for the price.
Compare Ta Chia Yung Ho Machine Industry 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 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−66.2% · Bottom 25%
Profitability
Return on equity (12 months)11.5% · Top 25%
Return on assets5.7% · Top 25%
Net margin (12 months)8.6% · Top 25%
Operating margin (12 months)14.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)23.3% · Top 25%
Dividend yield (12 months)1.0% · Below median
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Steel median · lower = cheaper
P/E (12 months)47.7× · Priciest 25%
P/B5.69× · Priciest 25%
P/S (12 months)4.07× · Priciest 25%
Price / free cash flow (fiscal year)31.7× · Pricier than median
EV/EBITDA30.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)100· sector 38
PAST (return on equity)46· sector 19
HEALTH (low debt)93· sector 95
DIVIDEND (yield)21· sector 52
VALUE 0: the price sits above our fair-value range.
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). "Ta Chia Yung Ho Machine Industry Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2221
Frequently asked questions
Is Ta Chia Yung Ho Machine Industry Co Ltd (2221) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 48.50 TWD versus a price of 143.50 TWD, about 66% lower (overvalued).
What is the fair value of 2221?
Our model-based fair value for Ta Chia Yung Ho Machine Industry Co Ltd is 48.50 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 143.50 TWD.
What is the quality score of 2221?
Ta Chia Yung Ho Machine Industry Co Ltd has a Quality Score of 72/100. 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 Chia Yung Ho Machine Industry Co Ltd (2221)?
Our model-based price target is the fair value of 48.50 TWD (as of Nov 8, 2026) from 25 valuation models. Cautious scenario 36.37 TWD, optimistic scenario 60.62 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ta Chia Yung Ho Machine Industry Co Ltd stock forecast for 2026?
Our models put fair value at 48.50 TWD, about 66% lower versus a price of 143.50 TWD (overvalued). Cautious scenario 36.37 TWD, optimistic scenario 60.62 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ta Chia Yung Ho Machine Industry Co Ltd (2221)?
Ta Chia Yung Ho Machine Industry Co Ltd reported trailing-twelve-month revenue of about 1.5B TWD (latest available figure, as of Nov 8, 2026).
Does Ta Chia Yung Ho Machine Industry Co Ltd pay a dividend?
Ta Chia Yung Ho Machine Industry Co Ltd currently shows a dividend yield of 1.05% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Ta Chia Yung Ho Machine Industry Co Ltd (2221) and when is the ex-dividend date?
Ta Chia Yung Ho Machine Industry Co Ltd pays a dividend of 1.50 TWD per share a year, a dividend yield of 1.0%. The last ex-dividend date was Jul 15, 2026. A dividend has been paid every year since 2012. The payout ratio is 49.8% of earnings. Free cash flow covers the dividend 3.02 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Ta Chia Yung Ho Machine Industry Co Ltd (2221)?
For today's price to be fair in a discounted-cash-flow model, Ta Chia Yung Ho Machine Industry Co Ltd would have to grow free cash flow by +23.7 % 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 +5.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 2221 use?
Our models discount Ta Chia Yung Ho Machine Industry Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.40, 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 Ta Chia Yung Ho Machine Industry Co Ltd that is +23.7 % 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 Ta Chia Yung Ho Machine Industry Co Ltd (2221) delivered so far?
Over the past 5 years revenue at Ta Chia Yung Ho Machine Industry Co Ltd grew +5.7 % a year. The price currently implies free-cash-flow growth of +23.7 % 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 Ta Chia Yung Ho Machine Industry Co Ltd (2221) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Ta Chia Yung Ho Machine Industry Co Ltd (+23.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ta Chia Yung Ho Machine Industry Co Ltd (2221)?
The free-cash-flow yield on the price is 3.16 %: that much free cash flow Ta Chia Yung Ho Machine Industry 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 Ta Chia Yung Ho Machine Industry Co Ltd (2221)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ta Chia Yung Ho Machine Industry Co Ltd it is 48.50 TWD per share (as of Nov 8, 2026), against a price of 143.50 TWD. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Ta Chia Yung Ho Machine Industry Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 2221 trades above its calculated fair value: price 143.50 TWD, fair value 48.50 TWD, a gap of about −66% (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 2221?
No. The price is what the market pays today (143.50 TWD); the fair value is what the company's own numbers justify (48.50 TWD). For Ta Chia Yung Ho Machine Industry Co Ltd the two are 95.00 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ta Chia Yung Ho Machine Industry Co Ltd worth?
The market values Ta Chia Yung Ho Machine Industry Co Ltd at about 6.1B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 143.50 TWD; our models calculate a fair value of 48.50 TWD per share.
What do the bullish and bearish scenarios say about 2221?
Our models span a range for Ta Chia Yung Ho Machine Industry Co Ltd: cautious scenario 36.37 TWD, base 48.50 TWD, optimistic 60.62 TWD per share (as of Nov 8, 2026, price 143.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2221?
Ta Chia Yung Ho Machine Industry Co Ltd trades at a price-to-earnings ratio of 47.7 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 48.50 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 13.0. Other multiples: P/B 5.7, P/S 4.1, EV/EBITDA 30.3.
How solid is the balance sheet of Ta Chia Yung Ho Machine Industry Co Ltd (2221)?
Balance-sheet figures for Ta Chia Yung Ho Machine Industry Co Ltd (as of Nov 8, 2026): return on equity 11.5%, debt of 0.13 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 2221 from its 52-week high?
Ta Chia Yung Ho Machine Industry Co Ltd trades at 143.50 TWD, about 27% below its 52-week high of 197.50 TWD and 429% above the low of 27.11 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 48.50 TWD is for.
Which stocks are comparable to Ta Chia Yung Ho Machine Industry 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 Chia Yung Ho Machine Industry Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 143.50 TWD, calculated fair value 48.50 TWD (−66%), Quality Score 72/100, from 25 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 2221 calculated?
We run Ta Chia Yung Ho Machine Industry Co Ltd through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 48.50 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 Chia Yung Ho Machine Industry 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 Chia Yung Ho Machine Industry Co Ltd (2221)?
The closing price on Nov 6, 2026 was 143.50 TWD. Our model-based fair value is 48.50 TWD, about 66% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ta Chia Yung Ho Machine Industry Co Ltd right now?
The price sits above even our optimistic bull case (60.62 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (72/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Ta Chia Yung Ho Machine Industry Co Ltd
How large is the market capitalisation of Ta Chia Yung Ho Machine Industry Co Ltd (2221)?
The market capitalisation of Ta Chia Yung Ho Machine Industry Co Ltd is 6.1B TWD (≈ $185M). 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 Chia Yung Ho Machine Industry Co Ltd (2221)?
The price-to-sales ratio of Ta Chia Yung Ho Machine Industry Co Ltd is 4.07 (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 Chia Yung Ho Machine Industry Co Ltd (2221)?
Earnings per share at Ta Chia Yung Ho Machine Industry Co Ltd are 3.01 TWD (price ÷ EPS = P/E 47.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ta Chia Yung Ho Machine Industry Co Ltd (2221)?
The dividend yield of Ta Chia Yung Ho Machine Industry Co Ltd is 1.0% (payout 49.8%). 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 Chia Yung Ho Machine Industry Co Ltd (2221)?
The net margin of Ta Chia Yung Ho Machine Industry Co Ltd is 8.6% (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 Chia Yung Ho Machine Industry Co Ltd (2221)?
The return on equity (ROE) of Ta Chia Yung Ho Machine Industry Co Ltd is 11.5% (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 Chia Yung Ho Machine Industry Co Ltd (2221)?
On an EBIT basis the return on assets of Ta Chia Yung Ho Machine Industry Co Ltd is 11.7% (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 Ta Chia Yung Ho Machine Industry Co Ltd (2221)?
The operating margin of Ta Chia Yung Ho Machine Industry Co Ltd is 14.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ta Chia Yung Ho Machine Industry Co Ltd (2221)?
Revenue at Ta Chia Yung Ho Machine Industry Co Ltd is growing +23.3% versus a year earlier (3y avg −7.9%). 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 Chia Yung Ho Machine Industry Co Ltd (2221)?
Earnings per share at Ta Chia Yung Ho Machine Industry Co Ltd are growing +139% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ta Chia Yung Ho Machine Industry Co Ltd (2221) carry?
The net debt of Ta Chia Yung Ho Machine Industry Co Ltd is 5.6M TWD (fiscal year 2024, ≈ 0.0 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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Broad data
Nov 8, 2026