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STOCK COMPARISON

Formosan Union Chemical vs Basf: Fair Value & Quality

Both stocks run through our valuation models. Here is how Formosan Union Chemical (1709) and Basf (BAS) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Basf as the less overvalued of the two: Formosan Union Chemical trades at TWD 43.50 versus a fair value of TWD 15.51 (-64%), while Basf trades at €52.30 versus €37.45 (-28%).
Formosan Union Chemical
1709.TW · TWD · Materials
-64%
upside to fair value
overvalued
PriceTWD 43.50
Fair ValueTWD 15.51
Quality61/100
Basf
BAS.XETRA · EUR · Materials
-28%
upside to fair value
overvalued
Price€52.30
Fair Value€37.45
Quality53/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Formosan Union ChemicalBasf
Valuation
35.4×P/E (TTM)30.8×
n/aP/E ex one-offs (FY2025)23.4×
n/aMedian P/E at FY-end (8 FY, ex one-offs where documented)16.9×
2.35×P/S (TTM)0.90×
2.32×P/B1.60×
21.9×EV/EBITDA11.9×
n/aPEG0.71×
−64.3%Fair value upside−28.4%
2.3%Dividend yield4.3%
TWD 1.00Dividend per share€2.25
Profitability
13%Operating margin8%
0.80×EBIT margin trend (5Y)0.77×
7%Return on equity4%
4%Return on assets2%
Growth
-8%Revenue growth (YoY)-3%
3.9%Avg. growth/yr (3Y)-11.9%
3.2%Avg. growth/yr (5Y)0.2%
+3.5%Value creation/yr−4.0%
Balance & size
16.9×Interest coverage (EBIT/interest)3.1×
0.00×Debt / equity0.56×
$653MMarket cap$53B
healthyGrowth qualityweak
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.
Basf, median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings, ex one-offs in FY 2025: 16.9.

Formosan Union Chemical leads: 9 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Formosan Union Chemicalof which business quality 60 · market factors 88 Basfof which business quality 51 · market factors 69
ProfitabilityMargins and returns on capital today
36
33
Quality GrowthAre margins and returns improving?
29
39
CashflowEarnings quality: real cash, not paper profit
47
41
Fin. StrengthBalance sheet, leverage, solvency risk
81
43
InvestmentDisciplined investing over empire-building
96
91
Low VolatilityCalm price path (market factor)
65
80
MomentumPrice trend over the last 3–12 months (market factor)
100
58
52W MomentumDistance to the 52-week high (market factor)
93
77
Net IssuanceShare count: buybacks or dilution?
84
84

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyFormosan Union ChemicalPrice TWD 43.50BasfPrice €52.30
DCF Models-65%below the priceTWD 15.38-77%below the price€12.05
Earnings-Based-77%below the priceTWD 10.16-81%below the price€10.16
Dividend Discountn/a-50%below the price€25.96
Multiples-53%below the priceTWD 20.26-40%below the price€31.12
Asset-Based-71%below the priceTWD 12.57-52%below the price€25.15
Growth DCF-67%below the priceTWD 14.47-73%below the price€14.13
Economic Profit-72%below the priceTWD 12.24-69%below the price€16.25
Growth Earnings-63%below the priceTWD 15.94-55%below the price€23.76
Minimum-77%below the priceTWD 10.16-81%below the price€10.16
Maximum-53%below the priceTWD 20.26-40%below the price€31.12
Median-67%below the priceTWD 14.47-62%below the price€20.00
Geometric mean-68%below the priceTWD 14.13-65%below the price€18.47

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Formosan Union Chemical: 22 of 22 models see the stock below the current price.

Basf: 23 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Formosan Union Chemical
Price TWD 43.50
Fair Value TWD 15.51
Bear TWD 11.39Bull TWD 19.12
Basf
Price €52.30
Fair Value €37.45
Bear €26.21Bull €48.68

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Formosan Union Chemical · Materials

Quality score61 · Top 25%
Fair value upside-64% · bottom 25%

Basf · Materials

Quality score53 · above median
Fair value upside-28% · below median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Basf as the less overvalued of the two: Formosan Union Chemical trades at TWD 43.50 versus a fair value of TWD 15.51 (-64%), while Basf trades at €52.30 versus €37.45 (-28%).

Formosan Union Chemical has the higher quality score (61/100).

Open Basf live analysis →
Formosan Union Chemical · Basf

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.