Taiwan Hopax Chemsistry MFG Co Ltd (6509) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Taiwan Hopax Chemsistry MFG Co Ltd stock TWD 48.86, price TWD 45.85, upside +6.6%, quality 67 out of 100. Rating: fairly valued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
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Taiwan Hopax Chemsistry MFG Co Ltd
6509 · TWOThe stock costs about what our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 25.75 TWD – 75.05 TWD · fair‑value band 36.64 TWD – 61.07 TWD · the 45.85 TWD price screens below the 48.86 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
Taiwan Hopax Chemicals Manufacturing Co., Ltd. manufactures, processes, and sells chemical raw materials for pharmaceutical, industrial, paper making, and office stationery industries in Taiwan, rest of Asia, Europe, America, and internationally.
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It operates through Specialty Chemicals, Fine Chemicals, Office Stationery, and Other segments.
The company offers paper making chemicals, such as hollow resins, dispersant, lubricants, anionic (cationic) surface sizing agent, ultra-fine dispersant for wet-grinding calcium carbonate, medium alkaline sizing agent, anion neutralizing agent, cohesion enhancer, retention and drainage aid, and titanium dioxide dispersant; and chemical materials for water treatment, including polymers, COD removal agent, fly ash curing agent, metal capturing agent, polyaluminum chloride, sedimentation control agent, geotechnical stabilizer, chelating agent, and dispersant.
It also provides NCR chemicals comprising NTR, color developers, microcapsules, spacer, wall materials, and emulsifiers; fine chemicals, including biological cleaning agents, biological buffers, waterborne polyurethane, sulfonate chain modifiers, additives for electroplating and lithium-ion batteries, and aldehyde removal additives; office supplies, such as repositionable self-adhesive products (Stick'N), self-adhesive markers and tapes, sticky products for education purposes, and customized sticky products; and de-formaldehyde removal products, anti-bacterial, home cleaning, pet care, and NBC mesh products.
In addition, the company provides office stationery, medical supplies, and biotechnology, as well as engages in investment activities. The company was formerly known as Taiwan Hopax Chemical Industrial Co., Ltd. and changed its name to Taiwan Hopax Chemicals Manufacturing Co., Ltd. in October 1996.
Taiwan Hopax Chemicals Manufacturing Co., Ltd. was incorporated in 1975 and is headquartered in Kaohsiung, Taiwan.
Stock analysis
Taiwan Hopax Chemsistry MFG Co Ltd (6509) currently trades at 45.85 TWD, while our model-based Fair Value estimate is 48.86 TWD, so the stock looks roughly fairly valued today (gap 6.2%).
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Valuation
Bull case: the DCF Models group reads highest at a median of 53.58 TWD per share, and 12 of the 25 models we run sit above the 45.85 TWD price.
Bear case: the Asset-Based group reads lowest at 7.36 TWD, and 13 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 36.64 TWD (bear) to 61.07 TWD (bull), the price of 45.85 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 67/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Taiwan Hopax Chemsistry MFG Co Ltd reported revenue of 4.9B TWD in FY2025 versus 4.7B TWD in FY2021, a compound +0.8%/yr. Reported net income was 567M TWD in FY2025, compounding +7.3%/yr from FY2021.
Key figures
Market cap 9.0B TWD (≈ $274M) Micro · P/E ratio 13.4 · P/S ratio 1.80 · EPS (TTM) 3.42 TWD · Dividend yield 3.1% · Net margin 14.2% · Return on equity 13.8% · Return on assets (EBIT) 9.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 51% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 7%, 6509 screens cheaper than that median.
Fair Value models
All 25 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
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Compare Taiwan Hopax Chemsistry MFG Co Ltd with another stock
Price, fair value, quality and upside side by side.
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 · 728 stocks
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Net margin by industry
- P/B ratio by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Taiwanese Stocks
- Valuation of the Taiwan market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Nan Ya Plastics Corporation 1303 | 263.00 TWD | 420.80 TWD | +60% | vs 6509 |
| Wanhua Chemical Group 600309 | ¥72.65 | ¥68.03 | −6% | vs 6509 |
| Linde plc LIN | $515.25 | $446.62 | −13% | vs 6509 |
| PPG Industries, Inc PPG | $122.38 | $77.68 | −37% | vs 6509 |
| DSM-Firmenich AG DSFIR | CHF 100.50 | CHF 57.70 | −43% | vs 6509 |
| The Sherwin-Williams Company SHW | $344.10 | $146.37 | −57% | vs 6509 |
| Givaudan SA GIVN | CHF 4,054 | CHF 1,554 | −62% | vs 6509 |
| EMS-CHEMIE HOLDING AG EMSN | CHF 848.50 | CHF 284.63 | −66% | vs 6509 |
| Ecolab Inc ECL | $300.68 | $96.56 | −68% | vs 6509 |
| Air Products and Chemicals, Inc APD | $304.84 | $75.33 | −75% | vs 6509 |
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Key figures of Taiwan Hopax Chemsistry MFG Co Ltd
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