QST International (8349) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of QST International stock TWD 22.94, price TWD 39.30, that is 41.6% below the price, quality 20 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 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 8, 2026.
How to read this chart
60‑month range 30.61 TWD – 61.25 TWD · fair‑value band 22.74 TWD – 28.02 TWD · the 39.30 TWD price screens above the 22.94 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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QST International Corp. manufactures and sells screws and nuts in the Mainland, the America, Germany, Taiwan, and internationally.
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The company provides proprietary fasteners, such as screws and induction hardened bolts; and auto fasteners, including weld bolts and weld studs, screws and washer assemblies, multi-die headed pins and rivets, and special screws per print, as well as internal, external, and non fasteners.
It serves car manufacturers.
The company is also involved in manufacture and sale of automotive fasteners; management, leasing and development of real estate; invests in; supply of metal parts, hardware tools, and plastic products; wholesale and import/export of molds and precision instruments; and testing and logistics services.
QST International Corp. was incorporated in 1985 and is based in Tainan City, Taiwan.
Stock analysis
QST International (8349) currently trades at 39.30 TWD, while our model-based Fair Value estimate is 22.94 TWD, 42% 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 42.76 TWD per share, and 4 of the 13 models we run sit above the 39.30 TWD price.
Bear case: the Earnings-Based group reads lowest at 15.13 TWD, and 9 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 22.74 TWD (bear) to 28.02 TWD (bull), the price of 39.30 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 20/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
QST International reported revenue of 11.5B TWD in FY2025 versus 10.2B TWD in FY2021, a compound +3.0%/yr. Reported net income was 415M TWD in FY2025, compounding +2.5%/yr from FY2021.
Key figures
Market cap 8.2B TWD (≈ $250M) Micro · P/E ratio 16.1 · P/S ratio 0.70 · EPS (TTM) 2.44 TWD · Dividend yield 3.8% · Net margin 4.5% · Return on equity 5.3% · Return on assets (EBIT) 4.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at −42%, 8349 screens richer than that median.
Fair Value models
Bear22.74 TWDFair Value 22.94 TWDBull28.02 TWD
Price 39.30 TWD · Downside -41.6%
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 (0.8061 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
Residual Income26.75 TWD26.99 TWD28.18 TWD76
Gordon GGM14.31 TWD24.76 TWD32.96 TWD68
DDM Multi-Stage14.31 TWD22.60 TWD26.56 TWD67
All 14 models by family
Earnings-Based
Graham-Dodd13.85 TWD46.51 TWD62.31 TWD64
Lynch FV10.59 TWD15.13 TWD19.67 TWD61
PEG = 1.010.59 TWD15.13 TWD19.67 TWD57
Dividend Discount
Gordon GGM14.31 TWD24.76 TWD32.96 TWD68
DDM Multi-Stage14.31 TWD22.60 TWD26.56 TWD67
Multiples
P/E Multiple32.07 TWD42.76 TWD53.45 TWD63
P/S Multiple25.96 TWD34.62 TWD43.27 TWD58
P/B Multiple110.98 TWD147.97 TWD184.96 TWD55
EV/EBITn/a4.45 TWD16.50 TWD61
EV/EBITDA24.56 TWD47.34 TWD70.12 TWD64
EV/Revenuen/an/a4.16 TWD50
Asset-Based
NCAV (Graham)16.44 TWD22.03 TWD32.88 TWD54
Economic Profit
Residual Income26.75 TWD26.99 TWD28.18 TWD76
Growth Earnings
Growth-Adj P/E27.24 TWD38.92 TWD50.60 TWD67
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.26/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−12.8%
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.
−0.1%
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.
+5.4%
Start year 2020 (pandemic). Over 10 years: +1.7% a year
Revenue growth 23 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.
+9.4%
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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.
≈ +4.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +0.7%
Dividend (yield on the price)3.8%
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.base effect: 0.7% / −6.8%
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.6% → 5%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 1.93 per share, median 4.60 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
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.Tools & Accessories · 128 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score20 · Bottom 25%
Fair Value upside−41.6% · Below median
Profitability
Return on equity (12 months)5.3% · Below median
Return on assets1.8% · Below median
Net margin (12 months)4.5% · Below median
Operating margin (12 months)5.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)7.4% · Below median
Dividend yield (12 months)3.8% · Top 25%
Balance sheet
Debt / equity0.75× · Highest 25%
Valuation Multiplesvs Tools & Accessories median · lower = cheaper
P/E (12 months)16.1× · Cheaper than median
P/B1.09× · Cheaper than median
P/S (12 months)0.70× · Cheapest 25%
EV/EBITDA8.6× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)37· sector 58
PAST (return on equity)21· sector 31
HEALTH (low debt)63· sector 96
DIVIDEND (yield)76· sector 41
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.
Cite: Fair Value Calculator (2026). "QST International Fair Value". https://www.fairvalue-calculator.com/stock/8349
Frequently asked questions
Is QST International (8349) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 22.94 TWD versus a price of 39.30 TWD, about 42% lower (overvalued).
What is the fair value of 8349?
Our model-based fair value for QST International is 22.94 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 39.30 TWD.
What is the quality score of 8349?
QST International has a Quality Score of 20/100. 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 QST International (8349)?
Our model-based price target is the fair value of 22.94 TWD (as of Nov 8, 2026) from 14 valuation models. Cautious scenario 22.74 TWD, optimistic scenario 28.02 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the QST International stock forecast for 2026?
Our models put fair value at 22.94 TWD, about 42% lower versus a price of 39.30 TWD (overvalued). Cautious scenario 22.74 TWD, optimistic scenario 28.02 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of QST International (8349)?
QST International reported trailing-twelve-month revenue of about 11.7B TWD (latest available figure, as of Nov 8, 2026).
Does QST International pay a dividend?
QST International currently shows a dividend yield of 3.82% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of QST International (8349) and when is the ex-dividend date?
QST International pays a dividend of 1.50 TWD per share a year, a dividend yield of 3.8%. The last ex-dividend date was Jun 26, 2026. A dividend has been paid every year since 2021. The payout ratio is 61.5% of earnings. 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 is the intrinsic value of QST International (8349)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For QST International it is 22.94 TWD per share (as of Nov 8, 2026), against a price of 39.30 TWD. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is QST International stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 8349 trades above its calculated fair value: price 39.30 TWD, fair value 22.94 TWD, a gap of about −42% (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 8349?
No. The price is what the market pays today (39.30 TWD); the fair value is what the company's own numbers justify (22.94 TWD). For QST International the two are 16.36 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is QST International worth?
The market values QST International at about 8.2B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 39.30 TWD; our models calculate a fair value of 22.94 TWD per share.
What do the bullish and bearish scenarios say about 8349?
Our models span a range for QST International: cautious scenario 22.74 TWD, base 22.94 TWD, optimistic 28.02 TWD per share (as of Nov 8, 2026, price 39.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8349?
QST International trades at a price-to-earnings ratio of 16.1 (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 22.94 TWD is built from several models across several years. Other multiples: P/B 1.1, P/S 0.7, EV/EBITDA 8.6.
How solid is the balance sheet of QST International (8349)?
Balance-sheet figures for QST International (as of Nov 8, 2026): return on equity 5.3%, debt of 0.75 per unit of equity. They feed the Quality Score of 20/100, which measures business quality independently of the share price.
How far is 8349 from its 52-week high?
QST International trades at 39.30 TWD, about 16% below its 52-week high of 46.60 TWD and 4% above the low of 37.90 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 22.94 TWD is for.
Which stocks are comparable to QST International?
From the same area (Industrials) we also value Techtronic Industries Company, Snap-on Incorporated, Stanley Black & Decker, Inc, Lincoln Electric Holdings, 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 QST International stock attractive at the current price?
The data as of Nov 8, 2026: price 39.30 TWD, calculated fair value 22.94 TWD (−42%), Quality Score 20/100, from 14 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 8349 calculated?
We run QST International through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 22.94 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. QST International 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 QST International (8349)?
The closing price on Nov 6, 2026 was 39.30 TWD. Our model-based fair value is 22.94 TWD, about 42% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with QST International right now?
The price sits above even our optimistic bull case (28.02 TWD). The favourable scenario is already priced in. Weak quality (20/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of QST International (8349) come from?
Earnings per share at QST International grew +2.0 % a year from 2012 to 2023. Broken into its drivers: revenue per share +2.9 %, EBIT margin −1.4 %, tax rate +1.3 %, residual (interest, one-offs) −0.8 %. 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 QST International
How large is the market capitalisation of QST International (8349)?
The market capitalisation of QST International is 8.2B TWD (≈ $250M). 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 QST International (8349)?
The price-to-sales ratio of QST International is 0.70 (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 QST International (8349)?
Earnings per share at QST International are 2.44 TWD (price ÷ EPS = P/E 16.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of QST International (8349)?
The dividend yield of QST International is 3.8% (payout 61.5%). 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 QST International (8349)?
The net margin of QST International is 4.5% (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 QST International (8349)?
The return on equity (ROE) of QST International is 5.3% (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 QST International (8349)?
On an EBIT basis the return on assets of QST International is 4.1% (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 QST International (8349)?
The operating margin of QST International is 5.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at QST International (8349)?
Revenue at QST International is growing +7.4% versus a year earlier (3y avg −0.1%). 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 QST International (8349)?
Earnings per share at QST International are growing +30.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does QST International (8349) generate?
The free cash flow of QST International is −1.1B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does QST International (8349) carry?
The net debt of QST International is 8.9B TWD (fiscal year 2025). 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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Some data
Nov 8, 2026