T3EX Global Holdings Corp (2636) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of T3EX Global Holdings Corp stock TWD 73.39, price TWD 67.40, upside +8.9%, quality 61 out of 100. Rating: fairly valued. Calculated from audited financials with 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 6, 2026.
How to read this chart
60‑month range 40.71 TWD – 189.46 TWD · fair‑value band 51.37 TWD – 95.41 TWD · the 67.40 TWD price screens below the 73.39 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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T3EX Global Holdings Corp., an investment holding company, provides integrated logistics services in Taiwan, Hong Kong, China, East Asia, and internationally. The company operates through Sea Export and Air Export segments.
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It offers international freight forwarding services, such as ocean and air freight services.
The company also provides domestic logistics services, including sea and air freight import/export customs clearance, bonded area customs clearance and filing for re-import/re-export, logistics park of export and import transit operations, hazardous goods or tank container customs clearance, remote customs clearance and declaration, customs seal clearance operations, and inspection and quarantine.
In addition, it provides rail freight solutions; supply chain solutions; warehousing and delivery services; e-commerce logistics solutions; and supply chain financing services. The company was incorporated in 1987 and is headquartered in Taipei City, Taiwan.
Stock analysis
T3EX Global Holdings Corp (2636) currently trades at 67.40 TWD, while our model-based Fair Value estimate is 73.39 TWD, so the stock looks roughly fairly valued today (gap 8.2%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 254.17 TWD per share, and 20 of the 26 models we run sit above the 67.40 TWD price.
Bear case: the Dividend Discount group reads lowest at 36.77 TWD, and 6 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 51.37 TWD (bear) to 95.41 TWD (bull), the price of 67.40 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 61/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
T3EX Global Holdings Corp reported revenue of 20.8B TWD in FY2025 versus 36.0B TWD in FY2021, a compound −12.8%/yr. Reported net income was 1.1B TWD in FY2025, compounding −27.9%/yr from FY2021.
Key figures
Market cap 9.2B TWD (≈ $281M) Micro · P/E ratio 9.6 · P/S ratio 0.44 · EPS (TTM) 7.04 TWD · Dividend yield 7.4% · Net margin 4.6% · Return on equity 10.2% · Return on assets (EBIT) 12.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at 9%, 2636 screens cheaper than that median.
Fair Value models
Bear51.37 TWDFair Value 73.39 TWDBull95.41 TWD
Price 67.40 TWD · Upside +8.9%
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 (1.75 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.
Best data coverage
FCF DCF233.70 TWD316.25 TWD427.76 TWD79
Growth DCF233.06 TWD308.90 TWD406.39 TWD77
Owner Earnings204.30 TWD272.61 TWD364.89 TWD75
All 26 models by family
DCF Models
FCF DCF233.70 TWD316.25 TWD427.76 TWD79
Owner Earnings204.30 TWD272.61 TWD364.89 TWD75
5Y Revenue Exit161.03 TWD196.90 TWD239.98 TWD72
5Y EBITDA Exit172.50 TWD219.07 TWD272.01 TWD74
5Y P/E Exit197.16 TWD266.75 TWD340.47 TWD70
10Y Revenue Exit188.63 TWD227.72 TWD277.05 TWD66
10Y EBITDA Exit196.41 TWD241.55 TWD299.29 TWD68
10Y P/E Exit210.49 TWD271.30 TWD346.83 TWD63
Earnings-Based
Graham-Dodd52.65 TWD192.00 TWD259.08 TWD62
Lynch FV45.69 TWD65.27 TWD84.86 TWD59
PEG = 1.045.69 TWD65.27 TWD84.86 TWD55
EPV89.28 TWD92.59 TWD95.31 TWD74
Dividend Discount
Gordon GGM21.99 TWD38.04 TWD50.64 TWD66
DDM Multi-Stage21.99 TWD35.50 TWD40.81 TWD65
Multiples
P/E Multiple121.95 TWD162.60 TWD203.25 TWD63
P/S Multiple98.72 TWD131.63 TWD164.54 TWD58
P/B Multiple68.77 TWD91.69 TWD114.61 TWD55
EV/EBIT68.06 TWD91.30 TWD114.54 TWD66
EV/EBITDA73.44 TWD98.47 TWD123.50 TWD67
EV/Revenue48.10 TWD69.43 TWD90.75 TWD53
Asset-Based
NCAV (Graham)34.55 TWD52.34 TWD65.43 TWD54
Growth DCF
Growth DCF233.06 TWD308.90 TWD406.39 TWD77
Rev-Margin DCF161.03 TWD199.44 TWD246.49 TWD72
Economic Profit
Residual Income59.59 TWD64.70 TWD75.38 TWD74
ROIC Compounder90.93 TWD96.37 TWD102.10 TWD70
Growth Earnings
Growth-Adj P/E86.10 TWD123.00 TWD159.90 TWD65
The fair value above starts from this blend and is adjusted for a cyclical peak 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−18.3%
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.
−9.7%
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.
+6.5%
Start year 2020 (pandemic). Over 10 years: +7.9% a year
Revenue growth 16 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.
+11.6%
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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.
+18.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.8%
Dividend (yield on the price)7.4%
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.10.8% vs 15.3%, 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.5% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
Compare T3EX Global Holdings Corp 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.Integrated Freight & Logistics · 210 stocks
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). "T3EX Global Holdings Corp Fair Value". https://www.fairvalue-calculator.com/stock/2636
Frequently asked questions
Is T3EX Global Holdings Corp (2636) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 73.39 TWD versus a price of 67.40 TWD, about +9% upside (fairly valued).
What is the fair value of 2636?
Our model-based fair value for T3EX Global Holdings Corp is 73.39 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 67.40 TWD.
What is the quality score of 2636?
T3EX Global Holdings Corp has a Quality Score of 61/100. 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 T3EX Global Holdings Corp (2636)?
Our model-based price target is the fair value of 73.39 TWD (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 51.37 TWD, optimistic scenario 95.41 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the T3EX Global Holdings Corp stock forecast for 2026?
Our models put fair value at 73.39 TWD, about +9% upside versus a price of 67.40 TWD (fairly valued). Cautious scenario 51.37 TWD, optimistic scenario 95.41 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of T3EX Global Holdings Corp (2636)?
T3EX Global Holdings Corp reported trailing-twelve-month revenue of about 21.0B TWD (latest available figure, as of Nov 6, 2026).
Does T3EX Global Holdings Corp pay a dividend?
T3EX Global Holdings Corp currently shows a dividend yield of 7.42% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of T3EX Global Holdings Corp (2636) and when is the ex-dividend date?
T3EX Global Holdings Corp pays a dividend of 5.00 TWD per share a year, a dividend yield of 7.4%. The last ex-dividend date was Jul 15, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 71.0% of earnings. Free cash flow covers the dividend 3.57 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into T3EX Global Holdings Corp (2636)?
For today's price to be fair in a discounted-cash-flow model, T3EX Global Holdings Corp would have to grow free cash flow by less than minus 40 % 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 +6.5 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 2636 use?
Our models discount T3EX Global Holdings Corp at 11.8 %: a base by market capitalisation (micro), damped by beta 0.50, 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 T3EX Global Holdings Corp that is less than minus 40 % 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 T3EX Global Holdings Corp (2636) delivered so far?
Over the past 5 years revenue at T3EX Global Holdings Corp grew +6.5 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 T3EX Global Holdings Corp (2636) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into T3EX Global Holdings Corp (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of T3EX Global Holdings Corp (2636)?
The free-cash-flow yield on the price is 26.48 %: that much free cash flow T3EX Global Holdings Corp 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 T3EX Global Holdings Corp (2636)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For T3EX Global Holdings Corp it is 73.39 TWD per share (as of Nov 6, 2026), against a price of 67.40 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is T3EX Global Holdings Corp stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 2636 trades below its calculated fair value: price 67.40 TWD, fair value 73.39 TWD, a gap of about +9% (fairly valued). 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 2636?
No. The price is what the market pays today (67.40 TWD); the fair value is what the company's own numbers justify (73.39 TWD). For T3EX Global Holdings Corp the two are 5.99 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is T3EX Global Holdings Corp worth?
The market values T3EX Global Holdings Corp at about 9.2B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 67.40 TWD; our models calculate a fair value of 73.39 TWD per share.
What do the bullish and bearish scenarios say about 2636?
Our models span a range for T3EX Global Holdings Corp: cautious scenario 51.37 TWD, base 73.39 TWD, optimistic 95.41 TWD per share (as of Nov 6, 2026, price 67.40 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2636?
T3EX Global Holdings Corp trades at a price-to-earnings ratio of 9.6 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 73.39 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 8.7. Other multiples: P/B 0.9, P/S 0.4, EV/EBITDA 0.8.
How solid is the balance sheet of T3EX Global Holdings Corp (2636)?
Balance-sheet figures for T3EX Global Holdings Corp (as of Nov 6, 2026): return on equity 10.2%, debt of 0.03 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 2636 from its 52-week high?
T3EX Global Holdings Corp trades at 67.40 TWD, about 10% below its 52-week high of 74.60 TWD and 14% above the low of 58.87 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 73.39 TWD is for.
Which stocks are comparable to T3EX Global Holdings Corp?
From the same area (Industrials) we also value United Parcel Service, Inc, FedEx Corporation, Deutsche Post AG, DSV A/S, 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 T3EX Global Holdings Corp stock attractive at the current price?
The data as of Nov 6, 2026: price 67.40 TWD, calculated fair value 73.39 TWD (+9%), Quality Score 61/100, from 26 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 2636 calculated?
We run T3EX Global Holdings Corp through 26 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 73.39 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. T3EX Global Holdings Corp currently trades 8% 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 T3EX Global Holdings Corp (2636)?
The closing price on Nov 9, 2026 was 67.40 TWD. Our model-based fair value is 73.39 TWD, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with T3EX Global Holdings Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (51.37 TWD to 95.41 TWD) leaves room in how you read the outcome.
Where does the earnings growth of T3EX Global Holdings Corp (2636) come from?
Earnings per share at T3EX Global Holdings Corp grew +20.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.3 %, EBIT margin +6.9 %, tax rate +1.1 %, residual (interest, one-offs) +4.3 %. 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 T3EX Global Holdings Corp
How large is the market capitalisation of T3EX Global Holdings Corp (2636)?
The market capitalisation of T3EX Global Holdings Corp is 9.2B TWD (≈ $281M). 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 T3EX Global Holdings Corp (2636)?
The price-to-sales ratio of T3EX Global Holdings Corp is 0.44 (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 T3EX Global Holdings Corp (2636)?
Earnings per share at T3EX Global Holdings Corp are 7.04 TWD (price ÷ EPS = P/E 9.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of T3EX Global Holdings Corp (2636)?
The dividend yield of T3EX Global Holdings Corp is 7.4% (payout 71.0%). 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 T3EX Global Holdings Corp (2636)?
The net margin of T3EX Global Holdings Corp is 4.6% (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 T3EX Global Holdings Corp (2636)?
The return on equity (ROE) of T3EX Global Holdings Corp is 10.2% (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 T3EX Global Holdings Corp (2636)?
On an EBIT basis the return on assets of T3EX Global Holdings Corp is 12.8% (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 T3EX Global Holdings Corp (2636)?
The operating margin of T3EX Global Holdings Corp is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at T3EX Global Holdings Corp (2636)?
Revenue at T3EX Global Holdings Corp is growing +15.9% versus a year earlier (3y avg −9.7%). 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 T3EX Global Holdings Corp (2636)?
Earnings per share at T3EX Global Holdings Corp are growing +8.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does T3EX Global Holdings Corp (2636) carry?
The net debt of T3EX Global Holdings Corp is 227M TWD (fiscal year 2025, ≈ 0.1 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 6, 2026