Tradetool Auto Co Ltd (3685) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Tradetool Auto Co Ltd stock TWD 18.06, price TWD 27.90, that is 35.3% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 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 10.40 TWD – 45.75 TWD · fair‑value band 13.34 TWD – 24.12 TWD · the 27.90 TWD price screens above the 18.06 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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Tradetool Auto Co., Ltd. manufactures and sells metal stamping parts in Taiwan, China, and internationally. It provides automotive metal parts, such as metal parts stamping, metal component welding, and stamping die design and manufacturing products.
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The company also offers automotive optics parts, such as LED smart car light; and light guide plates, automotive lights, and related mold making tools. In addition, it is involved in the construction and maintenance of renewable energy self-use power generation equipment.
The company was formerly known as Jeng Shiang Precision Ind. Co., Ltd. and changed its name to Tradetool Auto Co., Ltd. in May 2016. Tradetool Auto Co., Ltd. was founded in 1980 and is based in Taichung, Taiwan.
Stock analysis
Tradetool Auto Co Ltd (3685) currently trades at 27.90 TWD, while our model-based Fair Value estimate is 18.06 TWD, 35% 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 9.47 TWD per share, and 0 of the 13 models we run sit above the 27.90 TWD price.
Bear case: the Asset-Based group reads lowest at 5.94 TWD, and 13 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 13.34 TWD (bear) to 24.12 TWD (bull), the price of 27.90 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 48/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Tradetool Auto Co Ltd reported revenue of 1.2B TWD in FY2025 versus 1.5B TWD in FY2021, a compound −5.4%/yr. Reported net income was −81.2M TWD in FY2025.
Key figures
Market cap 2.3B TWD (≈ $68.8M) Micro · P/S ratio 1.81 · EPS (TTM) −0.1400 TWD · Net margin −0.8% · Return on equity 3.7% · Return on assets (EBIT) 0.5% (5-year average) · Operating margin 10.8% · Revenue (TTM) 1.4B TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at −35%, 3685 screens richer than that median.
Fair Value models
Bear13.34 TWDFair Value 18.06 TWDBull24.12 TWD
Price 27.90 TWD · Downside -35.3%
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 DCF5.72 TWD6.54 TWD7.44 TWD80
Growth DCF5.75 TWD6.49 TWD7.27 TWD78
EPV6.67 TWD7.11 TWD7.47 TWD74
All 13 models by family
DCF Models
FCF DCF5.72 TWD6.54 TWD7.44 TWD80
5Y Revenue Exit7.08 TWD9.47 TWD12.41 TWD71
5Y EBITDA Exit12.49 TWD19.01 TWD26.29 TWD73
10Y Revenue Exit6.27 TWD8.00 TWD10.11 TWD66
10Y EBITDA Exit9.15 TWD13.24 TWD18.31 TWD66
Earnings-Based
EPV6.67 TWD7.11 TWD7.47 TWD74
Multiples
EV/EBIT6.00 TWD9.03 TWD12.06 TWD65
EV/EBITDA15.38 TWD21.54 TWD27.70 TWD67
EV/Revenue3.04 TWD5.67 TWD8.29 TWD52
Asset-Based
NCAV (Graham)4.43 TWD5.94 TWD8.86 TWD54
Growth DCF
Growth DCF5.75 TWD6.49 TWD7.27 TWD78
Rev-Margin DCF7.08 TWD9.51 TWD12.07 TWD72
Economic Profit
ROIC Compounder6.67 TWD7.11 TWD7.47 TWD70
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.33/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.0%
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.
−8.3%
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.
+4.3%
Start year 2020 (pandemic)
Revenue growth 8 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.
+19.4%
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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.
1.6% (2020) → 4.5% (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).
+62.1%
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 +59.6% 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.Auto Parts · 655 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−35.3% · Below median
Profitability
Return on equity (12 months)3.7% · Below median
Return on assets−3.8% · Bottom 25%
Net margin (12 months)−0.8% · Bottom 25%
Operating margin (12 months)10.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)37.6% · Top 25%
Balance sheet
Debt / equity0.22× · Above median
Valuation Multiplesvs Auto Parts 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). "Tradetool Auto Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3685
Frequently asked questions
Is Tradetool Auto Co Ltd (3685) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 18.06 TWD versus a price of 27.90 TWD, about 35% lower (overvalued).
What is the fair value of 3685?
Our model-based fair value for Tradetool Auto Co Ltd is 18.06 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 27.90 TWD.
What is the quality score of 3685?
Tradetool Auto Co Ltd has a Quality Score of 48/100. 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 Tradetool Auto Co Ltd (3685)?
Our model-based price target is the fair value of 18.06 TWD (as of Nov 3, 2026) from 13 valuation models. Cautious scenario 13.34 TWD, optimistic scenario 24.12 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Tradetool Auto Co Ltd stock forecast for 2026?
Our models put fair value at 18.06 TWD, about 35% lower versus a price of 27.90 TWD (overvalued). Cautious scenario 13.34 TWD, optimistic scenario 24.12 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Tradetool Auto Co Ltd (3685)?
Tradetool Auto Co Ltd reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Nov 3, 2026).
What growth is priced into Tradetool Auto Co Ltd (3685)?
For today's price to be fair in a discounted-cash-flow model, Tradetool Auto Co Ltd would have to grow free cash flow by +62.1 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.3 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 3685 use?
Our models discount Tradetool Auto Co Ltd at 13.5 %: a base by market capitalisation (micro), damped by beta 1.07, 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 Tradetool Auto Co Ltd that is +62.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Tradetool Auto Co Ltd (3685) delivered so far?
Over the past 5 years revenue at Tradetool Auto Co Ltd grew +4.3 % a year. The price currently implies free-cash-flow growth of +62.1 % 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 Tradetool Auto Co Ltd (3685) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Tradetool Auto Co Ltd (+62.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tradetool Auto Co Ltd (3685)?
The free-cash-flow yield on the price is 0.78 %: that much free cash flow Tradetool Auto Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tradetool Auto Co Ltd (3685)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tradetool Auto Co Ltd it is 18.06 TWD per share (as of Nov 3, 2026), against a price of 27.90 TWD. It is the blended result of 13 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Tradetool Auto Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 3685 trades above its calculated fair value: price 27.90 TWD, fair value 18.06 TWD, a gap of about −35% (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 3685?
No. The price is what the market pays today (27.90 TWD); the fair value is what the company's own numbers justify (18.06 TWD). For Tradetool Auto Co Ltd the two are 9.84 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Tradetool Auto Co Ltd worth?
The market values Tradetool Auto Co Ltd at about 2.3B TWD (market capitalisation, as of Nov 3, 2026). Per share that is 27.90 TWD; our models calculate a fair value of 18.06 TWD per share.
What do the bullish and bearish scenarios say about 3685?
Our models span a range for Tradetool Auto Co Ltd: cautious scenario 13.34 TWD, base 18.06 TWD, optimistic 24.12 TWD per share (as of Nov 3, 2026, price 27.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Tradetool Auto Co Ltd (3685)?
Balance-sheet figures for Tradetool Auto Co Ltd (as of Nov 3, 2026): return on equity 3.7%, debt of 0.22 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 3685 from its 52-week high?
Tradetool Auto Co Ltd trades at 27.90 TWD, about 38% below its 52-week high of 45.00 TWD and 14% above the low of 24.40 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 18.06 TWD is for.
Which stocks are comparable to Tradetool Auto Co Ltd?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Tradetool Auto Co Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price 27.90 TWD, calculated fair value 18.06 TWD (−35%), Quality Score 48/100, 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 3685 calculated?
We run Tradetool Auto Co Ltd through 13 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 18.06 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. Tradetool Auto 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 Tradetool Auto Co Ltd (3685)?
The closing price on Nov 6, 2026 was 27.90 TWD. Our model-based fair value is 18.06 TWD, about 35% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tradetool Auto Co Ltd right now?
The price sits above even our optimistic bull case (24.12 TWD). The favourable scenario is already priced in. Weak quality (48/100) 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. A fairly wide model range (13.34 TWD to 24.12 TWD) leaves room in how you read the outcome.
Key figures of Tradetool Auto Co Ltd
How large is the market capitalisation of Tradetool Auto Co Ltd (3685)?
The market capitalisation of Tradetool Auto Co Ltd is 2.3B TWD (≈ $68.8M). 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 Tradetool Auto Co Ltd (3685)?
The price-to-sales ratio of Tradetool Auto Co Ltd is 1.81 (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 Tradetool Auto Co Ltd (3685)?
Earnings per share at Tradetool Auto Co Ltd are −0.1400 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tradetool Auto Co Ltd (3685)?
The net margin of Tradetool Auto Co Ltd is −0.8% (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 Tradetool Auto Co Ltd (3685)?
The return on equity (ROE) of Tradetool Auto Co Ltd is 3.7% (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 Tradetool Auto Co Ltd (3685)?
On an EBIT basis the return on assets of Tradetool Auto Co Ltd is 0.5% (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 Tradetool Auto Co Ltd (3685)?
The operating margin of Tradetool Auto Co Ltd is 10.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tradetool Auto Co Ltd (3685)?
Revenue at Tradetool Auto Co Ltd is growing +37.6% versus a year earlier (3y avg −8.3%). 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 Tradetool Auto Co Ltd (3685)?
Earnings per share at Tradetool Auto Co Ltd are growing −7.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tradetool Auto Co Ltd (3685) carry?
The net debt of Tradetool Auto Co Ltd is 246M TWD (fiscal year 2025, ≈ 14.2 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 3, 2026