United Purification Technology Co., Ltd. (6977) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of United Purification Technology Co., Ltd. stock TWD 236, price TWD 162, upside +46.0%, quality 62 out of 100. Rating: undervalued. Calculated from audited financials with 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 8, 2026.
How to read this chart
37‑month range 31.08 TWD – 328.95 TWD · fair‑value band 110.28 TWD – 300.74 TWD · the 162.00 TWD price screens below the 236.44 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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United Purification Technology Co., Ltd., together with its subsidiaries, designs, plans, assemblies, manufactures, sells and installs pure/recycled water equipment in Taiwan and Mainland China.
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It also engages in machinery and equipment repair and installation; motor repair; and ESG coaching planning and implementation activities.
The company's products are used in semiconductor/electronics factories; petrochemical/power plants; electronic grade specialty chemical factories; and biotechnology and pharmaceutical factories. United Purification Technology Co., Ltd. was founded in 1998 and is headquartered in Taichung, Taiwan.
Stock analysis
United Purification Technology Co., Ltd. (6977) currently trades at 162.00 TWD, while our model-based Fair Value estimate is 236.44 TWD, implying the stock looks roughly 31% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 633.57 TWD per share, and 18 of the 26 models we run sit above the 162.00 TWD price.
Bear case: the Asset-Based group reads lowest at 33.87 TWD, and 8 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 110.28 TWD (bear) to 300.74 TWD (bull), the price of 162.00 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 62/100 (solid quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
United Purification Technology Co., Ltd. reported revenue of 2.1B TWD in FY2025 versus 751M TWD in FY2021, a compound +29.5%/yr. Reported net income was 226M TWD in FY2025, compounding +22.9%/yr from FY2021.
Key figures
Market cap 2.7B TWD (≈ $82.4M) Micro · P/E ratio 16.4 · P/S ratio 1.54 · EPS (TTM) 9.89 TWD · Dividend yield 3.1% · Net margin 9.5% · Return on equity 26.4% · Return on assets (EBIT) 12.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (medium confidence).
What moves the price
The share trades about 51% below its 52-week high and 54% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −43% fair-value upside, at 46%, 6977 screens cheaper than that median.
Fair Value models
Bear110.28 TWDFair Value 236.44 TWDBull300.74 TWD
Price 162.00 TWD · Upside +46.0%
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 (4.19 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+240.0%
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.
+28.3%
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.
+30.9%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−15.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.1%
Dividend (yield on the price)3.1%
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.10% → 13%
2025 sits 795% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+47.9%
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 +45.6% a year for the price.
Compare United Purification Technology Co., Ltd. with another stock
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.Utilities - Regulated Water · 64 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+46.0% · Top 25%
Profitability
Return on equity (12 months)26.4% · Top 25%
Return on assets14.0% · Top 25%
Net margin (12 months)9.5% · Below median
Operating margin (12 months)7.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−31.6% · Bottom 25%
Dividend yield (12 months)3.1% · Above median
Balance sheet
Debt / equity0.04× · Lowest 25%
Valuation Multiplesvs Utilities - Regulated Water median · lower = cheaper
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Is United Purification Technology Co., Ltd. (6977) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 236.44 TWD versus a price of 162.00 TWD, about +46% upside (undervalued).
What is the fair value of 6977?
Our model-based fair value for United Purification Technology Co., Ltd. is 236.44 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 162.00 TWD.
What is the quality score of 6977?
United Purification Technology Co., Ltd. has a Quality Score of 62/100. 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 United Purification Technology Co., Ltd. (6977)?
Our model-based price target is the fair value of 236.44 TWD (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 110.28 TWD, optimistic scenario 300.74 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the United Purification Technology Co., Ltd. stock forecast for 2026?
Our models put fair value at 236.44 TWD, about +46% upside versus a price of 162.00 TWD (undervalued). Cautious scenario 110.28 TWD, optimistic scenario 300.74 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of United Purification Technology Co., Ltd. (6977)?
United Purification Technology Co., Ltd. reported trailing-twelve-month revenue of about 1.8B TWD (latest available figure, as of Nov 8, 2026).
Does United Purification Technology Co., Ltd. pay a dividend?
United Purification Technology Co., Ltd. currently shows a dividend yield of 3.09% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of United Purification Technology Co., Ltd. (6977) and when is the ex-dividend date?
United Purification Technology Co., Ltd. pays a dividend of 5.00 TWD per share a year, a dividend yield of 3.1%. The last ex-dividend date was Aug 24, 2026. The payout ratio is 50.6% of earnings. Free cash flow covers the dividend 0.33 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into United Purification Technology Co., Ltd. (6977)?
For today's price to be fair in a discounted-cash-flow model, United Purification Technology Co., Ltd. would have to grow free cash flow by +47.9 % 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 +30.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 6977 use?
Our models discount United Purification Technology Co., Ltd. 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 United Purification Technology Co., Ltd. that is +47.9 % 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 United Purification Technology Co., Ltd. (6977) delivered so far?
Over the past 5 years revenue at United Purification Technology Co., Ltd. grew +30.9 % a year. The price currently implies free-cash-flow growth of +47.9 % 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 United Purification Technology Co., Ltd. (6977) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into United Purification Technology Co., Ltd. (+47.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of United Purification Technology Co., Ltd. (6977)?
The free-cash-flow yield on the price is 1.21 %: that much free cash flow United Purification Technology Co., Ltd. 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 United Purification Technology Co., Ltd. (6977)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For United Purification Technology Co., Ltd. it is 236.44 TWD per share (as of Nov 8, 2026), against a price of 162.00 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is United Purification Technology Co., Ltd. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 6977 trades below its calculated fair value: price 162.00 TWD, fair value 236.44 TWD, a gap of about +46% (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 6977?
No. The price is what the market pays today (162.00 TWD); the fair value is what the company's own numbers justify (236.44 TWD). For United Purification Technology Co., Ltd. the two are 74.44 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is United Purification Technology Co., Ltd. worth?
The market values United Purification Technology Co., Ltd. at about 2.7B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 162.00 TWD; our models calculate a fair value of 236.44 TWD per share.
What do the bullish and bearish scenarios say about 6977?
Our models span a range for United Purification Technology Co., Ltd.: cautious scenario 110.28 TWD, base 236.44 TWD, optimistic 300.74 TWD per share (as of Nov 8, 2026, price 162.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6977?
United Purification Technology Co., Ltd. trades at a price-to-earnings ratio of 16.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 236.44 TWD is built from several models across several years. Other multiples: P/B 3.7, P/S 1.5, EV/EBITDA 11.4.
How solid is the balance sheet of United Purification Technology Co., Ltd. (6977)?
Balance-sheet figures for United Purification Technology Co., Ltd. (as of Nov 8, 2026): return on equity 26.4%, debt of 0.04 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 6977 from its 52-week high?
United Purification Technology Co., Ltd. trades at 162.00 TWD, about 51% below its 52-week high of 328.95 TWD and 54% above the low of 104.94 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 236.44 TWD is for.
Which stocks are comparable to United Purification Technology Co., Ltd.?
From the same area (Utilities) we also value American Water Works Company, Essential Utilities, Inc, Grandblue Environment Co, American States Water Company, 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 United Purification Technology Co., Ltd. stock attractive at the current price?
The data as of Nov 8, 2026: price 162.00 TWD, calculated fair value 236.44 TWD (+46%), Quality Score 62/100, from 26 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 6977 calculated?
We run United Purification Technology Co., Ltd. through 26 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 236.44 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. United Purification Technology Co., Ltd. currently trades 31% 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 United Purification Technology Co., Ltd. (6977)?
The closing price on Nov 6, 2026 was 162.00 TWD. Our model-based fair value is 236.44 TWD, about +46% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with United Purification Technology Co., Ltd. right now?
The model range is unusually wide (110.28 TWD to 300.74 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of United Purification Technology Co., Ltd.
How large is the market capitalisation of United Purification Technology Co., Ltd. (6977)?
The market capitalisation of United Purification Technology Co., Ltd. is 2.7B TWD (≈ $82.4M). 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 United Purification Technology Co., Ltd. (6977)?
The price-to-sales ratio of United Purification Technology Co., Ltd. is 1.54 (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 United Purification Technology Co., Ltd. (6977)?
Earnings per share at United Purification Technology Co., Ltd. are 9.89 TWD (price ÷ EPS = P/E 16.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of United Purification Technology Co., Ltd. (6977)?
The dividend yield of United Purification Technology Co., Ltd. is 3.1% (payout 50.6%). 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 United Purification Technology Co., Ltd. (6977)?
The net margin of United Purification Technology Co., Ltd. is 9.5% (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 United Purification Technology Co., Ltd. (6977)?
The return on equity (ROE) of United Purification Technology Co., Ltd. is 26.4% (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 United Purification Technology Co., Ltd. (6977)?
On an EBIT basis the return on assets of United Purification Technology Co., Ltd. is 12.2% (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 United Purification Technology Co., Ltd. (6977)?
The operating margin of United Purification Technology Co., Ltd. is 7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at United Purification Technology Co., Ltd. (6977)?
Revenue at United Purification Technology Co., Ltd. is growing −31.6% versus a year earlier (3y avg +28.3%). 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 United Purification Technology Co., Ltd. (6977)?
Earnings per share at United Purification Technology Co., Ltd. are growing −57.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does United Purification Technology Co., Ltd. (6977) hold?
United Purification Technology Co., Ltd. holds more cash than debt, 54.5M TWD net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Nov 8, 2026