TTET Union Corporation (1232) Fair Value & Analysis

Consumer Defensive · TW · Market cap 24.6B TWD

A solid business, currently priced close to our fair value.

What matters now

• The price sits close to our fair value, market and models broadly agree here, little valuation tension.
• Our model range runs from 127.12 TWD (bear) to 209.00 TWD (bull), base 168.69 TWD. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 64/100 (solid quality) with high evidence: the data supports the verdict.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 119.84 TWD – 168.50 TWD · fair‑value band 127.12 TWD – 209.00 TWD · the 156.50 TWD price screens below the 168.69 TWD fair value. Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

TTET Union Corporation (1232) currently trades at 156.50 TWD, while our model-based Fair Value estimate is 168.69 TWD, implying the stock looks roughly 7.8% fairly valued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, TTET Union Corporation generated revenue of 22.0B TWD at a net margin of 6.3%. Revenue grew 9.2% year over year. It earns a return on equity of 22.8%. The balance sheet holds a net cash position of 1.2B TWD. Fundamentals as of Jul 22, 2026

Our scenario range runs from 127.12 TWD (bear case) to 209.00 TWD (bull case); at 156.50 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 11% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 8%, 1232 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (159.67 TWD) versus Asset-Based (24.73 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

TTET Union Corporation operates as a soybean crusher in Taiwan and internationally. It operates through TTET Union Corporation and Master Channels Corporation segments. The company engages in the manufacture, processing, sale, import, and export of a range of vegetable oils, including soybean, canola, palm olein, deep frying, and sunflower oil.

Full company description

TTET Union Corporation operates as a soybean crusher in Taiwan and internationally. It operates through TTET Union Corporation and Master Channels Corporation segments. The company engages in the manufacture, processing, sale, import, and export of a range of vegetable oils, including soybean, canola, palm olein, deep frying, and sunflower oil. It also provides soy protein products, such as dehulled high-protein, dehulled full-fat, regular, and full-fat soybean meals, as well as soybean hull pellets; premium selected and non-GMO soybeans; and deodorized distillate products. In addition, the company is involved in the cogeneration plant business; processing and sale of cigarettes, alcohol, and articles for daily use; provision of logistics services; and wholesale and retail of oils. TTET Union Corporation was incorporated in 1982 and is headquartered in Tainan City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TTET Union Corporation reported revenue of 21.5B TWD in FY2025 versus 20.5B TWD in FY2021, a compound +1.2%/yr. Reported net income was 1.3B TWD in FY2025, compounding +1.5%/yr from FY2021.

Watch 1232: get an alert when its fair value changes →

Peer Group

Packaged Foods · 653 stocks

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.

Valuation Multiples vs Packaged Foods median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.