North-Star International Co Ltd (8927) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of North-Star International Co Ltd stock TWD 7.99, price TWD 15.00, that is 46.7% below the price, quality 21 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 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 6, 2026.
How to read this chart
60‑month range 14.95 TWD – 955,729 TWD · fair‑value band 6.00 TWD – 10.01 TWD · the 15.00 TWD price screens above the 7.99 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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North-Star International Co., LTD. operates gas stations in Taiwan. The company sells oil products; and offers vehicle cleaning, car washing, and waxing services.
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It operates hotels and restaurants; provides catering services; and develops and sells residential real estate, as well as engages in the renewable energy business, such as solar power generation, energy storage, and electricity sale.
The company was formerly known as North-Star Petroleum Co., Ltd. and changed its name to North-Star International Co., Ltd. in 2012. The company was founded in 1988 and is based in New Taipei City, Taiwan.
Stock analysis
North-Star International Co Ltd (8927) currently trades at 15.00 TWD, while our model-based Fair Value estimate is 7.99 TWD, 47% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 9.08 TWD per share, and 1 of the 11 models we run sit above the 15.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 1.84 TWD, and 10 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6.00 TWD (bear) to 10.01 TWD (bull), the price of 15.00 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 21/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
North-Star International Co Ltd reported revenue of 10.7B TWD in FY2025 versus 5.5B TWD in FY2021, a compound +18.0%/yr. Reported net income was 152M TWD in FY2025, compounding −0.4%/yr from FY2021.
Key figures
Market cap 6.4B TWD (≈ $196M) Micro · P/E ratio 16.5 · P/S ratio 0.48 · EPS (TTM) 0.9100 TWD · Dividend yield 2.0% · Net margin 2.9% · Return on equity 4.8% · Return on assets (EBIT) 2.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 46% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −10% fair-value upside, at −47%, 8927 screens richer than that median.
Fair Value models
Bear6.00 TWDFair Value 7.99 TWDBull10.01 TWD
Price 15.00 TWD · Downside -46.7%
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 (0.5248 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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−14.5%
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.
+16.7%
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.
+19.4%
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.
+12.2%
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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.
−1.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.8%
Dividend (yield on the price)2.0%
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.4% → 7%
⚠ Revenue per share shrinking 1.1%/yr over ~6Y (margins intact) ⓘ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.
Compare North-Star International 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.Specialty Retail · 203 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score21 · Bottom 25%
Fair Value upside−46.7% · Bottom 25%
Profitability
Return on equity (12 months)4.8% · Below median
Return on assets0.7% · Below median
Net margin (12 months)4.4% · Above median
Operating margin (12 months)7.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)73.5% · Top 25%
Dividend yield (12 months)2.0% · Below median
Balance sheet
Debt / equity1.48× · Highest 25%
Valuation Multiplesvs Specialty Retail median · lower = cheaper
P/E (12 months)16.5× · Cheaper than median
P/B1.13× · Cheaper than median
P/S (12 months)0.73× · Pricier than median
EV/EBITDA13.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 51
FUTURE (revenue growth)100· sector 25
PAST (return on equity)19· sector 33
HEALTH (low debt)26· sector 93
DIVIDEND (yield)40· sector 53
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). "North-Star International Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8927
Frequently asked questions
Is North-Star International Co Ltd (8927) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 7.99 TWD versus a price of 15.00 TWD, about 47% lower (overvalued).
What is the fair value of 8927?
Our model-based fair value for North-Star International Co Ltd is 7.99 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 15.00 TWD.
What is the quality score of 8927?
North-Star International Co Ltd has a Quality Score of 21/100. 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 North-Star International Co Ltd (8927)?
Our model-based price target is the fair value of 7.99 TWD (as of Nov 6, 2026) from 12 valuation models. Cautious scenario 6.00 TWD, optimistic scenario 10.01 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the North-Star International Co Ltd stock forecast for 2026?
Our models put fair value at 7.99 TWD, about 47% lower versus a price of 15.00 TWD (overvalued). Cautious scenario 6.00 TWD, optimistic scenario 10.01 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of North-Star International Co Ltd (8927)?
North-Star International Co Ltd reported trailing-twelve-month revenue of about 13.3B TWD (latest available figure, as of Nov 6, 2026).
Does North-Star International Co Ltd pay a dividend?
North-Star International Co Ltd currently shows a dividend yield of 2.00% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of North-Star International Co Ltd (8927) and when is the ex-dividend date?
North-Star International Co Ltd pays a dividend of 0.3 TWD per share a year, a dividend yield of 2.0%. The last ex-dividend date was Aug 10, 2026. A dividend has been paid every year since 2018. The payout ratio is 33.0% 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 North-Star International Co Ltd (8927)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For North-Star International Co Ltd it is 7.99 TWD per share (as of Nov 6, 2026), against a price of 15.00 TWD. It is the blended result of 12 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is North-Star International Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 8927 trades above its calculated fair value: price 15.00 TWD, fair value 7.99 TWD, a gap of about −47% (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 8927?
No. The price is what the market pays today (15.00 TWD); the fair value is what the company's own numbers justify (7.99 TWD). For North-Star International Co Ltd the two are 7.01 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is North-Star International Co Ltd worth?
The market values North-Star International Co Ltd at about 6.4B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 15.00 TWD; our models calculate a fair value of 7.99 TWD per share.
What do the bullish and bearish scenarios say about 8927?
Our models span a range for North-Star International Co Ltd: cautious scenario 6.00 TWD, base 7.99 TWD, optimistic 10.01 TWD per share (as of Nov 6, 2026, price 15.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8927?
North-Star International Co Ltd trades at a price-to-earnings ratio of 16.5 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 7.99 TWD is built from several models across several years. Other multiples: P/B 1.1, P/S 0.7, EV/EBITDA 13.8.
How solid is the balance sheet of North-Star International Co Ltd (8927)?
Balance-sheet figures for North-Star International Co Ltd (as of Nov 6, 2026): return on equity 4.8%, debt of 1.48 per unit of equity. They feed the Quality Score of 21/100, which measures business quality independently of the share price.
How far is 8927 from its 52-week high?
North-Star International Co Ltd trades at 15.00 TWD, about 46% below its 52-week high of 27.84 TWD and at the low of 14.95 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 7.99 TWD is for.
Which stocks are comparable to North-Star International Co Ltd?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, Casey's General Stores, 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 North-Star International Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 15.00 TWD, calculated fair value 7.99 TWD (−47%), Quality Score 21/100, from 12 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 8927 calculated?
We run North-Star International Co Ltd through 12 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 7.99 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 13.7% above its aggregate fair value. North-Star International Co Ltd 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 North-Star International Co Ltd (8927)?
The closing price on Nov 9, 2026 was 15.00 TWD. Our model-based fair value is 7.99 TWD, about 47% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with North-Star International Co Ltd right now?
The price sits above even our optimistic bull case (10.01 TWD). The favourable scenario is already priced in. Weak quality (21/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of North-Star International Co Ltd
How large is the market capitalisation of North-Star International Co Ltd (8927)?
The market capitalisation of North-Star International Co Ltd is 6.4B TWD (≈ $196M). 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 North-Star International Co Ltd (8927)?
The price-to-sales ratio of North-Star International Co Ltd is 0.48 (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 North-Star International Co Ltd (8927)?
Earnings per share at North-Star International Co Ltd are 0.9100 TWD (price ÷ EPS = P/E 16.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of North-Star International Co Ltd (8927)?
The dividend yield of North-Star International Co Ltd is 2.0% (payout 33.0%). 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 North-Star International Co Ltd (8927)?
The net margin of North-Star International Co Ltd is 2.9% (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 North-Star International Co Ltd (8927)?
The return on equity (ROE) of North-Star International Co Ltd is 4.8% (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 North-Star International Co Ltd (8927)?
On an EBIT basis the return on assets of North-Star International Co Ltd is 2.4% (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 North-Star International Co Ltd (8927)?
The operating margin of North-Star International Co Ltd is 7.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at North-Star International Co Ltd (8927)?
Revenue at North-Star International Co Ltd is growing +73.5% versus a year earlier (3y avg +16.7%). 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 North-Star International Co Ltd (8927)?
Earnings per share at North-Star International Co Ltd are growing +13.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does North-Star International Co Ltd (8927) generate?
The free cash flow of North-Star International Co Ltd is −799M 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 North-Star International Co Ltd (8927) carry?
The net debt of North-Star International Co Ltd is 18.5B 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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Nov 6, 2026