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Taita Chemical Company (1309) Fair Value & Analysis

Basic Materials · TW · Market cap 5.9B TWD

TC Taita Chemical Company 1309 · TW
Price13.00 TWD
Fair Value20.64 TWD
Upside+58.8%
Quality53/100
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Weak Growth
Loss-making · -4.3% net margin
Low debt · generates free cash flow
0.99% dividend yield
Mixed vs. peers (5/11)
Narrow moat 20/100
Evidence: Low Range 13.59 TWD – 27.68 TWD Share as image

Fair value as of: Jul 23, 2026

From 7 valuation models · updated 19 days ago

Fair value updated Jul 23, 2026, revised from 16.31 TWD to 20.64 TWD (+26.5%) since Jun 25, 2026. Share price −10.7% over the past month.

A solid business, screening 59% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (13.59 TWD). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (13.59 TWD to 27.68 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

45.41 TWD 9.96 TWD Fair Value 20.64 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 9.96 TWD – 45.41 TWD · fair‑value band 13.59 TWD – 27.68 TWD · the 13.00 TWD price screens below the 20.64 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Taita Chemical Company (1309) currently trades at 13.00 TWD, while our model-based Fair Value estimate is 20.64 TWD, implying the stock looks roughly 58.8% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials 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: low), always confirm before acting.

Over the trailing twelve months, Taita Chemical Company generated revenue of 13.6B TWD at a net margin of -4.3%. Revenue declined 21.3% year over year. It earns a return on equity of -9.7%. Net debt stands at 895M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 13.59 TWD (bear case) to 27.68 TWD (bull case); at 13.00 TWD, the current price sits below 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 about 52% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 59%, 1309 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.

Model 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. Evidence
Highest evidence
Growth DCF 15.08 TWD 19.74 TWD 27.46 TWD 80
Rev-Margin DCF 13.74 TWD 19.65 TWD 26.91 TWD 74
NCAV (Graham) 7.24 TWD 9.70 TWD 14.47 TWD 50
All 7 models by family
DCF Models
FCF DCF 14.52 TWD 19.36 TWD 28.04 TWD 38
5Y Revenue Exit 13.74 TWD 19.33 TWD 27.46 TWD 39
10Y Revenue Exit 13.63 TWD 17.76 TWD 22.16 TWD 36
Multiples
EV/Revenue 14.30 TWD 19.86 TWD 25.43 TWD 43
Asset-Based
NCAV (Graham) 7.24 TWD 9.70 TWD 14.47 TWD 50
Growth DCF
Growth DCF 15.08 TWD 19.74 TWD 27.46 TWD 80
Rev-Margin DCF 13.74 TWD 19.65 TWD 26.91 TWD 74

Widest divergence: Multiples (19.86 TWD) versus Asset-Based (9.70 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 13.6B TWD
Revenue growth (YoY) -21.3%
Net margin -4.3%
Return on equity -9.7%
Free cash flow 568M TWD FY2025
Operating margin -8.3%
More key figures
EPS (TTM) -1.07 TWD
Dividend yield 1.0%
EPS growth (YoY) -90.3%
Net debt 895M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 54 · Market factors (momentum, volatility) 43

Profitability 23
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 77
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Taita Chemical Company, Limited engages in the production and sale of styrenics in Asia, America, Africa, Europe, and internationally.

Full company description

Taita Chemical Company, Limited engages in the production and sale of styrenics in Asia, America, Africa, Europe, and internationally. The company offers acrylonitrile-butadiene-styrene resin, general purpose polystyrene, high impact polystyrene, acrylonitrile styrene copolymer, and expandable polystyrene, as well as glass wool material, plastic raw materials, and processed products. The company was founded in 1960 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Taita Chemical Company reported revenue of 14.5B TWD in FY2025 versus 20.8B TWD in FY2021, a compound −8.6%/yr. Reported net income was −427M TWD in FY2025.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
14.5B TWD
Latest YoY
−22.2%
Avg. growth/yr (3Y) 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.
−7.1%
Avg. growth/yr (5Y) 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.
−1.3%
Avg. growth/yr (23Y) 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.
+3.4%
Revenue −8.6%/yr
FY21 20.8B TWD
FY22 18.1B TWD
FY23 15.2B TWD
FY24 18.6B TWD
FY25 14.5B TWD
Net income
FY21 1.8B TWD
FY22 412M TWD
FY23 −274M TWD
FY24 −223M TWD
FY25 −427M TWD

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Cite: Fair Value Calculator (2026). "Taita Chemical Company Fair Value". https://www.fairvalue-calculator.com/stock/1309

Peer Group

Specialty Chemicals · 669 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.

Quality Score 53 · Above median
Fair Value upside +59% · Top 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) -8% · Bottom 25%
Revenue growth -21% · Bottom 25%
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/S (TTM) 0.01× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper than median

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.

VALUE 100 · sector 0
FUTURE 0 · sector 19
PAST 0 · sector 23
HEALTH 99 · sector 94
DIVIDEND 20 · sector 25

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Taita Chemical Company (1309) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 20.64 TWD versus a price of 13.00 TWD, about +59% (undervalued).
What is the fair value of 1309?
Our model-based fair value for Taita Chemical Company is 20.64 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 13.00 TWD.
What is the quality score of 1309?
Taita Chemical Company has a Quality Score of 53/100. 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 revenue of Taita Chemical Company (1309)?
Taita Chemical Company reported trailing-twelve-month revenue of about 13.6B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 1309?
The net profit margin of Taita Chemical Company is about -4.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Taita Chemical Company pay a dividend?
Taita Chemical Company currently shows a dividend yield of about 0.99% relative to its recent price (as of Jul 23, 2026).

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.

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