General Plastic Industrial Co Ltd (6128) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of General Plastic Industrial Co Ltd stock TWD 21.32, price TWD 17.95, upside +18.8%, quality 45 out of 100. Rating: undervalued. 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 7, 2026.
How to read this chart
60‑month range 17.95 TWD – 42.70 TWD · fair‑value band 14.94 TWD – 29.70 TWD · the 17.95 TWD price screens below the 21.32 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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General Plastic Industrial Co., Ltd. engages in the manufacture and sale of toner cartridges of photocopiers, laser printers, and organic photoconductive drum gears.
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The company offers copier toner cartridge, waste toner container, and remanufactured drum unit; and laser printer toner cartridge products. It also offers personal protective equipment; and project management and logistics services.
In addition, the company is involved in the property trading, land development, and tourist hotel businesses; sale of medical supplies; photocopiers rental business; RD, procurement, and supply planning services; and distribution of cartridges and consumables for printers, photocopiers, and fax and multi-function machines.
The company serves the medical, automotive electronics, microelectronics, micro/fiber optics, and emerging technologies sectors. It has operations in Taiwan, the United States, the Netherlands, Italy, Mexico, the United Kingdom, France, Germany, Spain, Brazil, and internationally.
The company was incorporated in 1978 and is based in Taichung, Taiwan.
Stock analysis
General Plastic Industrial Co Ltd (6128) currently trades at 17.95 TWD, while our model-based Fair Value estimate is 21.32 TWD, implying the stock looks roughly 16% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 22.12 TWD per share, and 8 of the 12 models we run sit above the 17.95 TWD price.
Bear case: the Earnings-Based group reads lowest at 10.52 TWD, and 4 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: 14.94 TWD (bear) to 29.70 TWD (bull), the price of 17.95 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 45/100 (below-average 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.
General Plastic Industrial Co Ltd reported revenue of 5.3B TWD in FY2025 versus 4.9B TWD in FY2021, a compound +1.6%/yr. Reported net income was −1.2B TWD in FY2025.
Key figures
Market cap 2.3B TWD (≈ $70.0M) Micro · P/S ratio 0.47 · EPS (TTM) −9.76 TWD · Dividend yield 2.8% · Net margin −24.1% · Return on equity −37.5% · Return on assets (EBIT) 6.0% (5-year average) · Operating margin 6.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (low confidence).
What moves the price
The share trades about 36% 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 −13% fair-value upside, at 19%, 6128 screens cheaper than that median.
Fair Value models
Bear14.94 TWDFair Value 21.32 TWDBull29.70 TWD
Price 17.95 TWD · Upside +18.8%
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.
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
−4.7%
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.
−2.7%
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.
+4.4%
Start year 2020 (pandemic). Over 10 years: +10.6% 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.
+7.4%
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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.
6.2% (2020) → 2.8% (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).
+19.6%
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 +17.7% a year for the price.
Compare General Plastic Industrial 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.Business Equipment & Supplies · 77 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Bottom 25%
Fair Value upside+18.8% · Above median
Profitability
Return on assets−18.9% · Bottom 25%
Net margin (12 months)−24.1% · Bottom 25%
Operating margin (12 months)6.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)−5.4% · Below median
Dividend yield (12 months)2.8% · Above median
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Business Equipment & Supplies median · lower = cheaper
P/B0.83× · Cheaper than median
P/S (12 months)0.45× · Cheapest 25%
Price / free cash flow (fiscal year)17.9× · Pricier than median
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Cite: Fair Value Calculator (2026). "General Plastic Industrial Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6128
Frequently asked questions
Is General Plastic Industrial Co Ltd (6128) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 21.32 TWD versus a price of 17.95 TWD, about +19% upside (undervalued).
What is the fair value of 6128?
Our model-based fair value for General Plastic Industrial Co Ltd is 21.32 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 17.95 TWD.
What is the quality score of 6128?
General Plastic Industrial Co Ltd has a Quality Score of 45/100. 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 General Plastic Industrial Co Ltd (6128)?
Our model-based price target is the fair value of 21.32 TWD (as of Nov 7, 2026) from 13 valuation models. Cautious scenario 14.94 TWD, optimistic scenario 29.70 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the General Plastic Industrial Co Ltd stock forecast for 2026?
Our models put fair value at 21.32 TWD, about +19% upside versus a price of 17.95 TWD (undervalued). Cautious scenario 14.94 TWD, optimistic scenario 29.70 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of General Plastic Industrial Co Ltd (6128)?
General Plastic Industrial Co Ltd reported trailing-twelve-month revenue of about 5.2B TWD (latest available figure, as of Nov 7, 2026).
Does General Plastic Industrial Co Ltd pay a dividend?
General Plastic Industrial Co Ltd currently shows a dividend yield of 2.79% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of General Plastic Industrial Co Ltd (6128) and when is the ex-dividend date?
General Plastic Industrial Co Ltd pays a dividend of 0.5 TWD per share a year, a dividend yield of 2.8%. The last ex-dividend date was Apr 16, 2026. Free cash flow covers the dividend 2.01 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into General Plastic Industrial Co Ltd (6128)?
For today's price to be fair in a discounted-cash-flow model, General Plastic Industrial Co Ltd would have to grow free cash flow by +19.6 % 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 +4.4 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 6128 use?
Our models discount General Plastic Industrial Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.22, 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 General Plastic Industrial Co Ltd that is +19.6 % 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 General Plastic Industrial Co Ltd (6128) delivered so far?
Over the past 5 years revenue at General Plastic Industrial Co Ltd grew +4.4 % a year. The price currently implies free-cash-flow growth of +19.6 % 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 General Plastic Industrial Co Ltd (6128) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into General Plastic Industrial Co Ltd (+19.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of General Plastic Industrial Co Ltd (6128)?
The free-cash-flow yield on the price is 5.57 %: that much free cash flow General Plastic Industrial 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 General Plastic Industrial Co Ltd (6128)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For General Plastic Industrial Co Ltd it is 21.32 TWD per share (as of Nov 7, 2026), against a price of 17.95 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 General Plastic Industrial Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 6128 trades below its calculated fair value: price 17.95 TWD, fair value 21.32 TWD, a gap of about +19% (undervalued). 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 6128?
No. The price is what the market pays today (17.95 TWD); the fair value is what the company's own numbers justify (21.32 TWD). For General Plastic Industrial Co Ltd the two are 3.37 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is General Plastic Industrial Co Ltd worth?
The market values General Plastic Industrial Co Ltd at about 2.3B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 17.95 TWD; our models calculate a fair value of 21.32 TWD per share.
What do the bullish and bearish scenarios say about 6128?
Our models span a range for General Plastic Industrial Co Ltd: cautious scenario 14.94 TWD, base 21.32 TWD, optimistic 29.70 TWD per share (as of Nov 7, 2026, price 17.95 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of General Plastic Industrial Co Ltd (6128)?
Balance-sheet figures for General Plastic Industrial Co Ltd (as of Nov 7, 2026): return on equity −37.5%, debt of 0.17 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 6128 from its 52-week high?
General Plastic Industrial Co Ltd trades at 17.95 TWD, about 36% below its 52-week high of 27.90 TWD and at the low of 17.95 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 21.32 TWD is for.
Which stocks are comparable to General Plastic Industrial Co Ltd?
From the same area (Industrials) we also value GRG Banking Equipment Co, Crane NXT, Co, Shanghai M&G Stationery Inc, XGD Inc, 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 General Plastic Industrial Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 17.95 TWD, calculated fair value 21.32 TWD (+19%), Quality Score 45/100, 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 6128 calculated?
We run General Plastic Industrial 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 21.32 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. General Plastic Industrial Co Ltd currently trades 16% 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 General Plastic Industrial Co Ltd (6128)?
The closing price on Nov 9, 2026 was 17.95 TWD. Our model-based fair value is 21.32 TWD, about +19% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with General Plastic Industrial Co Ltd right now?
A fairly wide model range (14.94 TWD to 29.70 TWD) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of General Plastic Industrial Co Ltd (6128) come from?
Earnings per share at General Plastic Industrial Co Ltd grew −1.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.2 %, EBIT margin −10.9 %, tax rate +1.1 %, residual (interest, one-offs) +0.3 %. 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 General Plastic Industrial Co Ltd
How large is the market capitalisation of General Plastic Industrial Co Ltd (6128)?
The market capitalisation of General Plastic Industrial Co Ltd is 2.3B TWD (≈ $70.0M). 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 General Plastic Industrial Co Ltd (6128)?
The price-to-sales ratio of General Plastic Industrial Co Ltd is 0.47 (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 General Plastic Industrial Co Ltd (6128)?
Earnings per share at General Plastic Industrial Co Ltd are −9.76 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of General Plastic Industrial Co Ltd (6128)?
The dividend yield of General Plastic Industrial Co Ltd is 2.8%. 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 General Plastic Industrial Co Ltd (6128)?
The net margin of General Plastic Industrial Co Ltd is −24.1% (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 General Plastic Industrial Co Ltd (6128)?
The return on equity (ROE) of General Plastic Industrial Co Ltd is −37.5% (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 General Plastic Industrial Co Ltd (6128)?
On an EBIT basis the return on assets of General Plastic Industrial Co Ltd is 6.0% (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 General Plastic Industrial Co Ltd (6128)?
The operating margin of General Plastic Industrial Co Ltd is 6.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at General Plastic Industrial Co Ltd (6128)?
Revenue at General Plastic Industrial Co Ltd is growing −5.4% versus a year earlier (3y avg −2.7%). 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 General Plastic Industrial Co Ltd (6128)?
Earnings per share at General Plastic Industrial Co Ltd are growing +1.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does General Plastic Industrial Co Ltd (6128) carry?
The net debt of General Plastic Industrial Co Ltd is 2.0B TWD (fiscal year 2025, ≈ 15.7 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 7, 2026