Daxin Materials Corp (5234) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Daxin Materials Corp stock TWD 78.84, price TWD 247, that is 68.1% below the price, quality 79 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 5, 2026.
How to read this chart
60‑month range 54.64 TWD – 462.00 TWD · fair‑value band 57.61 TWD – 104.21 TWD · the 247.00 TWD price screens above the 78.84 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Daxin Materials Corporation engages in the research, development, production, and sale of display and key raw materials, and semiconductor specialty chemicals in Taiwan, China, and internationally.
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The company offers semiconductor materials comprising laser release layers and photosensitive dielectrics; LCD materials, such as photo spacer, black matrix resist, alignment layer, liquid crystal, developer, stripper, Cu/Mo etchant, thermal overcoat, and other materials; and touch panel materials comprising photo overcoat and optical clear resin.
It also provides key raw materials, including dianhydride, monoacrylate, modified acrylate and siloxane, and customized polymers.
In addition, the company is involved in the provision of instrument analysis solutions comprising composition analysis, impurity analysis, quantitation analysis, and material testing for materials used in semiconductors, flat panel displays, solar energy, and chemical companies.
Daxin Materials Corporation was founded in 2006 and is headquartered in Taichung, Taiwan.
Stock analysis
Daxin Materials Corp (5234) currently trades at 247.00 TWD, while our model-based Fair Value estimate is 78.84 TWD, 68% 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 105.01 TWD per share, and 0 of the 25 models we run sit above the 247.00 TWD price.
Bear case: the Asset-Based group reads lowest at 17.87 TWD, and 25 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 57.61 TWD (bear) to 104.21 TWD (bull), the price of 247.00 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 79/100 (high quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Daxin Materials Corp reported revenue of 4.6B TWD in FY2025 versus 4.5B TWD in FY2021, a compound +0.6%/yr. Reported net income was 757M TWD in FY2025, compounding +2.7%/yr from FY2021.
Key figures
Market cap 25.6B TWD (≈ $781M) Small · P/E ratio 29.5 · P/S ratio 5.27 · EPS (TTM) 8.36 TWD · Dividend yield 2.6% · Net margin 17.7% · Return on equity 26.7% · Return on assets (EBIT) 14.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 78 out of 100 (medium confidence).
What moves the price
The share trades about 47% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −68%, 5234 screens richer than that median.
Fair Value models
Bear57.61 TWDFair Value 78.84 TWDBull104.21 TWD
Price 247.00 TWD · Downside -68.1%
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 (1.59 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 weak: less than 2 % a year.
Revenue growth 1 year
+12.4%
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.
+6.0%
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.
+1.5%
Start year 2020 (pandemic). Over 10 years: +3.2% a year
Revenue growth 15 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.
+3.8%
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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.
+5.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.2%
Dividend (yield on the price)2.6%
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.3.2% vs 9.8%, 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.17% → 18%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
+28.7%
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 +26.7% 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.Specialty Chemicals · 727 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score79 · Top 25%
Fair Value upside−68.1% · Bottom 25%
Profitability
Return on equity (12 months)26.7% · Top 25%
Return on assets14.8% · Top 25%
Net margin (12 months)17.7% · Top 25%
Operating margin (12 months)20.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)11.3% · Below median
Dividend yield (12 months)2.6% · Above median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)29.5× · Pricier than median
P/B7.26× · Priciest 25%
P/S (12 months)5.27× · Priciest 25%
Price / free cash flow (fiscal year)35.7× · Pricier than median
EV/EBITDA21.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)57· sector 67
PAST (return on equity)100· sector 26
HEALTH (low debt)99· sector 95
DIVIDEND (yield)53· sector 30
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 Daxin Materials Corp (5234) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 78.84 TWD versus a price of 247.00 TWD, about 68% lower (overvalued).
What is the fair value of 5234?
Our model-based fair value for Daxin Materials Corp is 78.84 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 247.00 TWD.
What is the quality score of 5234?
Daxin Materials Corp has a Quality Score of 79/100. 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 Daxin Materials Corp (5234)?
Our model-based price target is the fair value of 78.84 TWD (as of Nov 5, 2026) from 25 valuation models. Cautious scenario 57.61 TWD, optimistic scenario 104.21 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Daxin Materials Corp stock forecast for 2026?
Our models put fair value at 78.84 TWD, about 68% lower versus a price of 247.00 TWD (overvalued). Cautious scenario 57.61 TWD, optimistic scenario 104.21 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Daxin Materials Corp (5234)?
Daxin Materials Corp reported trailing-twelve-month revenue of about 4.9B TWD (latest available figure, as of Nov 5, 2026).
Does Daxin Materials Corp pay a dividend?
Daxin Materials Corp currently shows a dividend yield of 2.63% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Daxin Materials Corp (5234) and when is the ex-dividend date?
Daxin Materials Corp pays a dividend of 6.50 TWD per share a year, a dividend yield of 2.6%. The last ex-dividend date was Mar 20, 2026. The payout ratio is 77.8% of earnings. Free cash flow covers the dividend 1.07 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Daxin Materials Corp (5234)?
For today's price to be fair in a discounted-cash-flow model, Daxin Materials Corp would have to grow free cash flow by +28.7 % 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 +1.5 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 5234 use?
Our models discount Daxin Materials Corp at 13.5 %: a base by market capitalisation (small), damped by beta 1.58, 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 Daxin Materials Corp that is +28.7 % 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 Daxin Materials Corp (5234) delivered so far?
Over the past 5 years revenue at Daxin Materials Corp grew +1.5 % a year. The price currently implies free-cash-flow growth of +28.7 % 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 Daxin Materials Corp (5234) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Daxin Materials Corp (+28.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Daxin Materials Corp (5234)?
The free-cash-flow yield on the price is 2.83 %: that much free cash flow Daxin Materials Corp 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 Daxin Materials Corp (5234)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Daxin Materials Corp it is 78.84 TWD per share (as of Nov 5, 2026), against a price of 247.00 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 Daxin Materials Corp stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 5234 trades above its calculated fair value: price 247.00 TWD, fair value 78.84 TWD, a gap of about −68% (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 5234?
No. The price is what the market pays today (247.00 TWD); the fair value is what the company's own numbers justify (78.84 TWD). For Daxin Materials Corp the two are 168.16 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Daxin Materials Corp worth?
The market values Daxin Materials Corp at about 25.6B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 247.00 TWD; our models calculate a fair value of 78.84 TWD per share.
What do the bullish and bearish scenarios say about 5234?
Our models span a range for Daxin Materials Corp: cautious scenario 57.61 TWD, base 78.84 TWD, optimistic 104.21 TWD per share (as of Nov 5, 2026, price 247.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5234?
Daxin Materials Corp trades at a price-to-earnings ratio of 29.5 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 78.84 TWD is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings, FY2025 ex one-offs: 17.7. Other multiples: P/B 7.3, P/S 5.3, EV/EBITDA 21.6.
How solid is the balance sheet of Daxin Materials Corp (5234)?
Balance-sheet figures for Daxin Materials Corp (as of Nov 5, 2026): return on equity 26.7%, debt of 0.02 per unit of equity. They feed the Quality Score of 79/100, which measures business quality independently of the share price.
How far is 5234 from its 52-week high?
Daxin Materials Corp trades at 247.00 TWD, about 47% below its 52-week high of 462.00 TWD and at the low of 247.00 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 78.84 TWD is for.
Which stocks are comparable to Daxin Materials Corp?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics 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 Daxin Materials Corp stock attractive at the current price?
The data as of Nov 5, 2026: price 247.00 TWD, calculated fair value 78.84 TWD (−68%), Quality Score 79/100, 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 5234 calculated?
We run Daxin Materials Corp 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 78.84 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 13.0% above its aggregate fair value. Daxin Materials Corp 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 Daxin Materials Corp (5234)?
The closing price on Nov 6, 2026 was 247.00 TWD. Our model-based fair value is 78.84 TWD, about 68% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Daxin Materials Corp right now?
A high-quality business (quality 79/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (104.21 TWD). The favourable scenario is already priced in. A fairly wide model range (57.61 TWD to 104.21 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Daxin Materials Corp (5234) come from?
Earnings per share at Daxin Materials Corp grew +8.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.8 %, EBIT margin +5.2 %, tax rate −0.2 %, residual (interest, one-offs) +0.2 %. 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 Daxin Materials Corp
How large is the market capitalisation of Daxin Materials Corp (5234)?
The market capitalisation of Daxin Materials Corp is 25.6B TWD (≈ $781M). 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 Daxin Materials Corp (5234)?
The price-to-sales ratio of Daxin Materials Corp is 5.27 (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 Daxin Materials Corp (5234)?
Earnings per share at Daxin Materials Corp are 8.36 TWD (price ÷ EPS = P/E 29.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Daxin Materials Corp (5234)?
The dividend yield of Daxin Materials Corp is 2.6% (payout 77.8%). 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 Daxin Materials Corp (5234)?
The net margin of Daxin Materials Corp is 17.7% (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 Daxin Materials Corp (5234)?
The return on equity (ROE) of Daxin Materials Corp is 26.7% (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 Daxin Materials Corp (5234)?
On an EBIT basis the return on assets of Daxin Materials Corp is 14.0% (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 Daxin Materials Corp (5234)?
The operating margin of Daxin Materials Corp is 20.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Daxin Materials Corp (5234)?
Revenue at Daxin Materials Corp is growing +11.3% versus a year earlier (3y avg +6.0%). 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 Daxin Materials Corp (5234)?
Earnings per share at Daxin Materials Corp are growing +43.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Daxin Materials Corp (5234) carry?
The net debt of Daxin Materials Corp is 245M TWD (fiscal year 2025, ≈ 0.3 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 5, 2026