Huikwang (6508) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Huikwang stock TWD 30.98, price TWD 26.25, upside +18.0%, quality 66 out of 100. Rating: undervalued. Calculated from audited financials with 24 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 23.15 TWD – 55.17 TWD · fair‑value band 28.80 TWD – 33.66 TWD · the 26.25 TWD price screens below the 30.98 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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Huikwang Corporation engages in the manufacturing, synthesis, processing, packaging, and sales of various pesticides, fertilizers, and environmental hygiene agents. The company operates through Agricultural Science Business Group; Environmental Science and Technology Group; and Other segments.
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It is also involved in the manufacturing of plastic sheets, cloth, boards and pipes, and plastic films and bags; manufacturing of industrial plastic products; import and export trade of other products; production of micronutrient fertilizers and organic fertilizers; and production of geosynthetic materials, as well as general Investment business.
The company operates in Taiwan, Mainland China, Brazil, Vietnam, Japan, Thailand, Mongolia, Arab, Zimbabwe, Bangladesh, South America, Australia, Asia, the United States, and internationally. Huikwang Corporation was founded in 1954 and is based in Tainan City, Taiwan.
Stock analysis
Huikwang (6508) currently trades at 26.25 TWD, while our model-based Fair Value estimate is 30.98 TWD, implying the stock looks roughly 15% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 24.64 TWD per share, and 3 of the 24 models we run sit above the 26.25 TWD price.
Bear case: the Growth Earnings group reads lowest at 3.45 TWD, and 21 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 28.80 TWD (bear) to 33.66 TWD (bull), the price of 26.25 TWD sits below 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 66/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Huikwang reported revenue of 1.4B TWD in FY2025 versus 2.1B TWD in FY2021, a compound −9.1%/yr. Reported net income was 23.0M TWD in FY2025, compounding −48.6%/yr from FY2021.
Key figures
Market cap 2.3B TWD (≈ $69.2M) Micro · P/E ratio 26.0 · P/S ratio 1.68 · EPS (TTM) 1.01 TWD · Dividend yield 1.9% · Net margin 6.5% · Return on equity 3.7% · Return on assets (EBIT) 7.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 13% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 4% fair-value upside, at 18%, 6508 screens cheaper than that median.
Fair Value models
Bear28.80 TWDFair Value 30.98 TWDBull33.66 TWD
Price 26.25 TWD · Upside +18.0%
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 (0.4373 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 DCF23.64 TWD27.30 TWD33.09 TWD80
Growth DCF23.98 TWD27.40 TWD32.42 TWD77
Residual Income14.40 TWD15.49 TWD16.83 TWD76
All 24 models by family
DCF Models
FCF DCF23.64 TWD27.30 TWD33.09 TWD80
Owner Earnings15.95 TWD17.75 TWD20.60 TWD75
5Y Revenue Exit18.85 TWD21.43 TWD25.14 TWD71
5Y EBITDA Exit20.03 TWD23.47 TWD28.03 TWD74
5Y P/E Exit17.45 TWD19.01 TWD20.94 TWD69
10Y Revenue Exit21.05 TWD22.93 TWD24.76 TWD66
10Y EBITDA Exit21.75 TWD23.97 TWD26.15 TWD67
10Y P/E Exit20.46 TWD21.69 TWD22.73 TWD63
Earnings-Based
Graham-Dodd1.81 TWD2.21 TWD2.49 TWD67
EPV11.21 TWD11.51 TWD11.76 TWD70
Dividend Discount
Gordon GGM6.61 TWD7.04 TWD7.67 TWD69
DDM Multi-Stage6.61 TWD7.56 TWD8.73 TWD67
Multiples
P/E Multiple3.39 TWD4.52 TWD5.66 TWD63
P/S Multiple3.39 TWD4.52 TWD5.66 TWD58
P/B Multiple23.83 TWD31.78 TWD39.72 TWD55
EV/EBIT11.62 TWD13.99 TWD16.37 TWD63
EV/EBITDA13.82 TWD16.93 TWD20.05 TWD64
EV/Revenue10.67 TWD13.31 TWD15.96 TWD52
Asset-Based
NCAV (Graham)12.35 TWD18.71 TWD23.38 TWD52
Growth DCF
Growth DCF23.98 TWD27.40 TWD32.42 TWD77
Rev-Margin DCF18.85 TWD21.87 TWD25.79 TWD71
Economic Profit
Residual Income14.40 TWD15.49 TWD16.83 TWD76
ROIC Compounder11.21 TWD11.51 TWD11.76 TWD70
Growth Earnings
Growth-Adj P/E2.42 TWD3.45 TWD4.49 TWD67
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−4.1%
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.
−17.0%
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.
−5.0%
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.
−4.6%
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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.
−35.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−36.9%
Dividend (yield on the price)1.9%
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.14% → 4%
⚠ Revenue per share shrinking 5.9%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+1.8%
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 +0.2% 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.Agricultural Inputs · 162 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+18.0% · Above median
Profitability
Return on equity (12 months)3.7% · Below median
Return on assets0.8% · Bottom 25%
Net margin (12 months)6.5% · Above median
Operating margin (12 months)9.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)−18.4% · Bottom 25%
Dividend yield (12 months)1.9% · Below median
Valuation Multiplesvs Agricultural Inputs 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). "Huikwang Fair Value". https://www.fairvalue-calculator.com/stock/6508
Frequently asked questions
Is Huikwang (6508) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 30.98 TWD versus a price of 26.25 TWD, about +18% upside (undervalued).
What is the fair value of 6508?
Our model-based fair value for Huikwang is 30.98 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 26.25 TWD.
What is the quality score of 6508?
Huikwang has a Quality Score of 66/100. 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 Huikwang (6508)?
Our model-based price target is the fair value of 30.98 TWD (as of Nov 7, 2026) from 24 valuation models. Cautious scenario 28.80 TWD, optimistic scenario 33.66 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Huikwang stock forecast for 2026?
Our models put fair value at 30.98 TWD, about +18% upside versus a price of 26.25 TWD (undervalued). Cautious scenario 28.80 TWD, optimistic scenario 33.66 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Huikwang (6508)?
Huikwang reported trailing-twelve-month revenue of about 1.3B TWD (latest available figure, as of Nov 7, 2026).
Does Huikwang pay a dividend?
Huikwang currently shows a dividend yield of 1.90% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Huikwang (6508) and when is the ex-dividend date?
Huikwang pays a dividend of 0.5 TWD per share a year, a dividend yield of 1.9%. The last ex-dividend date was Jul 16, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 49.5% of earnings. Free cash flow covers the dividend 4.41 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Huikwang (6508)?
For today's price to be fair in a discounted-cash-flow model, Huikwang would have to grow free cash flow by +1.8 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 6508 use?
Our models discount Huikwang at 13.3 %: a base by market capitalisation (micro), 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 Huikwang that is +1.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Huikwang (6508) delivered so far?
Over the past 5 years revenue at Huikwang grew -5.0 % a year. The price currently implies free-cash-flow growth of +1.8 % 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 Huikwang (6508) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Huikwang (+1.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Huikwang (6508)?
The free-cash-flow yield on the price is 8.41 %: that much free cash flow Huikwang produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Huikwang (6508)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Huikwang it is 30.98 TWD per share (as of Nov 7, 2026), against a price of 26.25 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Huikwang stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 6508 trades below its calculated fair value: price 26.25 TWD, fair value 30.98 TWD, a gap of about +18% (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 6508?
No. The price is what the market pays today (26.25 TWD); the fair value is what the company's own numbers justify (30.98 TWD). For Huikwang the two are 4.73 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Huikwang worth?
The market values Huikwang at about 2.3B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 26.25 TWD; our models calculate a fair value of 30.98 TWD per share.
What do the bullish and bearish scenarios say about 6508?
Our models span a range for Huikwang: cautious scenario 28.80 TWD, base 30.98 TWD, optimistic 33.66 TWD per share (as of Nov 7, 2026, price 26.25 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6508?
Huikwang trades at a price-to-earnings ratio of 26.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 30.98 TWD is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 13.0. Other multiples: P/B 1.0, P/S 1.7, EV/EBITDA 19.1.
How solid is the balance sheet of Huikwang (6508)?
Balance-sheet figures for Huikwang (as of Nov 7, 2026): return on equity 3.7%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 6508 from its 52-week high?
Huikwang trades at 26.25 TWD, about 10% below its 52-week high of 29.30 TWD and 13% above the low of 23.15 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 30.98 TWD is for.
Which stocks are comparable to Huikwang?
From the same area (Basic Materials) we also value Nutrien Ltd, Qinghai Salt Lake Industry Co, CF Industries Holdings, Yara International ASA, 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 Huikwang stock attractive at the current price?
The data as of Nov 7, 2026: price 26.25 TWD, calculated fair value 30.98 TWD (+18%), Quality Score 66/100, from 24 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 6508 calculated?
We run Huikwang through 24 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 30.98 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. Huikwang currently trades 15% 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 Huikwang (6508)?
The closing price on Nov 6, 2026 was 26.25 TWD. Our model-based fair value is 30.98 TWD, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Huikwang right now?
The price is below even our cautious bear case (28.80 TWD). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Huikwang
How large is the market capitalisation of Huikwang (6508)?
The market capitalisation of Huikwang is 2.3B TWD (≈ $69.2M). 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 Huikwang (6508)?
The price-to-sales ratio of Huikwang is 1.68 (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 Huikwang (6508)?
Earnings per share at Huikwang are 1.01 TWD (price ÷ EPS = P/E 26.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Huikwang (6508)?
The dividend yield of Huikwang is 1.9% (payout 49.5%). 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 Huikwang (6508)?
The net margin of Huikwang is 6.5% (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 Huikwang (6508)?
The return on equity (ROE) of Huikwang 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 Huikwang (6508)?
On an EBIT basis the return on assets of Huikwang is 7.1% (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 Huikwang (6508)?
The operating margin of Huikwang is 9.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Huikwang (6508)?
Revenue at Huikwang is growing −18.4% versus a year earlier (3y avg −17.0%). 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 Huikwang (6508)?
Earnings per share at Huikwang are growing −11.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Huikwang (6508) hold?
Huikwang holds more cash than debt, 389M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 7, 2026