Jong Shyn Shipbuilding Co. Ltd. (2644) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Jong Shyn Shipbuilding Co. Ltd. stock TWD 7.25, price TWD 72.50, that is 90.0% below the price, quality 37 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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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
49‑month range 67.21 TWD – 145.09 TWD · fair‑value band 5.56 TWD – 9.43 TWD · the 72.50 TWD price screens above the 7.25 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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Jong Shyn Shipbuilding Co., Ltd. engages in ship building, repair, and maintenance businesses in Taiwan.
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The company manufactures freighters, frigates, tugboats, shuttle boats, fishing boats, ferries, yachts, oil tankers, research vessels, and land-based engineering equipment, as well as special ships.
It also provides docking, mechanical maintenance, and coating services; shaft processing services; interior design and engineering services; as well as refrigeration and storage center services. Jong Shyn Shipbuilding Co., Ltd. was founded in 1973 and is based in Kaohsiung, Taiwan.
Stock analysis
Jong Shyn Shipbuilding Co. Ltd. (2644) currently trades at 72.50 TWD, while our model-based Fair Value estimate is 7.25 TWD, 90% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 10.94 TWD per share, and 1 of the 13 models we run sit above the 72.50 TWD price.
Bear case: the Dividend Discount group reads lowest at 3.01 TWD, and 12 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 5.56 TWD (bear) to 9.43 TWD (bull), the price of 72.50 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 37/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Jong Shyn Shipbuilding Co. Ltd. reported revenue of 6.1B TWD in FY2025 versus 4.2B TWD in FY2021, a compound +9.7%/yr. Reported net income was 29.5M TWD in FY2025, compounding −21.0%/yr from FY2021.
Key figures
Market cap 6.0B TWD (≈ $184M) Micro · P/E ratio 127.2 · P/S ratio 0.89 · EPS (TTM) 0.5700 TWD · Dividend yield 0.7% · Net margin 0.7% · Return on equity 3.5% · Return on assets (EBIT) 1.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −23% fair-value upside, at −90%, 2644 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.6900 TWD to 73.48 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear5.56 TWDFair Value 7.25 TWDBull9.43 TWD
Price 72.50 TWD · Downside -90.0%
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 (0.0596 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.56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+26.9%
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.
+13.1%
’21
’22
’23
’24
’25
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.
−17.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.8%
Dividend (yield on the price)0.7%
Profit margin 2021 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.1% → 4%
Compare Jong Shyn Shipbuilding Co. Ltd. with another stock
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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.Aerospace & Defense · 238 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−90.0% · Bottom 25%
Profitability
Return on equity (12 months)3.5% · Below median
Return on assets0.3% · Bottom 25%
Net margin (12 months)0.7% · Bottom 25%
Operating margin (12 months)3.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)27.8% · Above median
Dividend yield (12 months)0.7% · Below median
Balance sheet
Debt / equity2.46× · Highest 25%
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
P/E (12 months)127.2× · Priciest 25%
P/B4.40× · Pricier than median
P/S (12 months)0.89× · Cheapest 25%
EV/EBITDA16.9× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 63
PAST (return on equity)14· sector 40
HEALTH (low debt)0· sector 94
DIVIDEND (yield)14· sector 19
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.
Is Jong Shyn Shipbuilding Co. Ltd. (2644) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 7.25 TWD versus a price of 72.50 TWD, about 90% lower (overvalued).
What is the fair value of 2644?
Our model-based fair value for Jong Shyn Shipbuilding Co. Ltd. is 7.25 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 72.50 TWD.
What is the quality score of 2644?
Jong Shyn Shipbuilding Co. Ltd. has a Quality Score of 37/100. 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 Jong Shyn Shipbuilding Co. Ltd. (2644)?
Our model-based price target is the fair value of 7.25 TWD (as of Nov 6, 2026) from 13 valuation models. Cautious scenario 5.56 TWD, optimistic scenario 9.43 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Jong Shyn Shipbuilding Co. Ltd. stock forecast for 2026?
Our models put fair value at 7.25 TWD, about 90% lower versus a price of 72.50 TWD (overvalued). Cautious scenario 5.56 TWD, optimistic scenario 9.43 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Jong Shyn Shipbuilding Co. Ltd. (2644)?
Jong Shyn Shipbuilding Co. Ltd. reported trailing-twelve-month revenue of about 6.8B TWD (latest available figure, as of Nov 6, 2026).
Does Jong Shyn Shipbuilding Co. Ltd. pay a dividend?
Jong Shyn Shipbuilding Co. Ltd. currently shows a dividend yield of 0.69% relative to its recent price (as of Nov 6, 2026).
What is the intrinsic value of Jong Shyn Shipbuilding Co. Ltd. (2644)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jong Shyn Shipbuilding Co. Ltd. it is 7.25 TWD per share (as of Nov 6, 2026), against a price of 72.50 TWD. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Jong Shyn Shipbuilding Co. Ltd. stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 2644 trades above its calculated fair value: price 72.50 TWD, fair value 7.25 TWD, a gap of about −90% (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 2644?
No. The price is what the market pays today (72.50 TWD); the fair value is what the company's own numbers justify (7.25 TWD). For Jong Shyn Shipbuilding Co. Ltd. the two are 65.25 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Jong Shyn Shipbuilding Co. Ltd. worth?
The market values Jong Shyn Shipbuilding Co. Ltd. at about 6.0B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 72.50 TWD; our models calculate a fair value of 7.25 TWD per share.
What do the bullish and bearish scenarios say about 2644?
Our models span a range for Jong Shyn Shipbuilding Co. Ltd.: cautious scenario 5.56 TWD, base 7.25 TWD, optimistic 9.43 TWD per share (as of Nov 6, 2026, price 72.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2644?
Jong Shyn Shipbuilding Co. Ltd. trades at a price-to-earnings ratio of 127.2 (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 7.25 TWD is built from several models across several years. Other multiples: P/B 4.4, P/S 0.9, EV/EBITDA 16.9.
How solid is the balance sheet of Jong Shyn Shipbuilding Co. Ltd. (2644)?
Balance-sheet figures for Jong Shyn Shipbuilding Co. Ltd. (as of Nov 6, 2026): return on equity 3.5%, debt of 2.46 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 2644 from its 52-week high?
Jong Shyn Shipbuilding Co. Ltd. trades at 72.50 TWD, about 25% below its 52-week high of 97.22 TWD and at the low of 72.40 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 7.25 TWD is for.
Which stocks are comparable to Jong Shyn Shipbuilding Co. Ltd.?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin 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 Jong Shyn Shipbuilding Co. Ltd. stock attractive at the current price?
The data as of Nov 6, 2026: price 72.50 TWD, calculated fair value 7.25 TWD (−90%), Quality Score 37/100, from 13 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 2644 calculated?
We run Jong Shyn Shipbuilding Co. Ltd. through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 7.25 TWD, 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 12.7% above its aggregate fair value. Jong Shyn Shipbuilding 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 Jong Shyn Shipbuilding Co. Ltd. (2644)?
The closing price on Nov 6, 2026 was 72.50 TWD. Our model-based fair value is 7.25 TWD, about 90% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jong Shyn Shipbuilding Co. Ltd. right now?
The price sits above even our optimistic bull case (9.43 TWD). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Jong Shyn Shipbuilding Co. Ltd.
How large is the market capitalisation of Jong Shyn Shipbuilding Co. Ltd. (2644)?
The market capitalisation of Jong Shyn Shipbuilding Co. Ltd. is 6.0B TWD (≈ $184M). 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 Jong Shyn Shipbuilding Co. Ltd. (2644)?
The price-to-sales ratio of Jong Shyn Shipbuilding Co. Ltd. is 0.89 (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 Jong Shyn Shipbuilding Co. Ltd. (2644)?
Earnings per share at Jong Shyn Shipbuilding Co. Ltd. are 0.5700 TWD (price ÷ EPS = P/E 127.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jong Shyn Shipbuilding Co. Ltd. (2644)?
The dividend yield of Jong Shyn Shipbuilding Co. Ltd. is 0.7% (payout 87.7%). 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 Jong Shyn Shipbuilding Co. Ltd. (2644)?
The net margin of Jong Shyn Shipbuilding Co. Ltd. is 0.7% (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 Jong Shyn Shipbuilding Co. Ltd. (2644)?
The return on equity (ROE) of Jong Shyn Shipbuilding Co. Ltd. is 3.5% (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 Jong Shyn Shipbuilding Co. Ltd. (2644)?
On an EBIT basis the return on assets of Jong Shyn Shipbuilding Co. Ltd. is 1.6% (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 Jong Shyn Shipbuilding Co. Ltd. (2644)?
The operating margin of Jong Shyn Shipbuilding Co. Ltd. is 3.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jong Shyn Shipbuilding Co. Ltd. (2644)?
Revenue at Jong Shyn Shipbuilding Co. Ltd. is growing +27.8% versus a year earlier (3y avg +13.1%). 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 Jong Shyn Shipbuilding Co. Ltd. (2644)?
Earnings per share at Jong Shyn Shipbuilding Co. Ltd. are growing +443% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Jong Shyn Shipbuilding Co. Ltd. (2644) generate?
The free cash flow of Jong Shyn Shipbuilding Co. Ltd. is −2.0B 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 Jong Shyn Shipbuilding Co. Ltd. (2644) carry?
The net debt of Jong Shyn Shipbuilding Co. Ltd. is 6.7B 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 6, 2026