Tong Yang Industry Co Ltd (1319) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Tong Yang Industry Co Ltd TWD 96.29, price TWD 78.90, upside +22.0%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range 28.33 TWD – 141.00 TWD · fair‑value band 57.16 TWD – 141.98 TWD · the 78.90 TWD price screens below the 96.29 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Tong Yang Industry Co., Ltd. engages in the manufacture and sale of parts, components, and models for automobile in Taiwan, China, the United States, and internationally. The company operates through two segments, Domestic Operating Entity and Foreign Operating Entity.
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Tong Yang Industry Co., Ltd. engages in the manufacture and sale of parts, components, and models for automobile in Taiwan, China, the United States, and internationally. The company operates through two segments, Domestic Operating Entity and Foreign Operating Entity. It offers plastics products, such as bumper covers, grills, and instrument panels; sheet metal products, including fenders and hoods; and active grille shutters and cooling fan assemblies. The company is also involved in the design, manufacture, and sale of tooling mold; product design, research and development, testing, and service business; management consult business; and leasing business. In addition, it engages in the provision of chemical raw materials, production and sales of pollution prevention equipment, and varnished water and other varnishes based on natural polymers; and business of processing and trading of paint materials and fine chemical raw materials. The company was founded in 1952 and is headquartered in Tainan City, Taiwan.
Stock analysis
Tong Yang Industry Co Ltd (1319) currently trades at 78.90 TWD, while our model-based Fair Value estimate is 96.29 TWD, implying the stock looks roughly 18.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 116.79 TWD per share, and 12 of the 23 models we run sit above the 78.90 TWD price.
Bear case: the Asset-Based group reads lowest at 31.79 TWD, and 11 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: 57.16 TWD (bear) to 141.98 TWD (bull), the price of 78.90 TWD sits inside 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 55/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tong Yang Industry Co Ltd reported revenue of 25.1B TWD in FY2025 versus 18.4B TWD in FY2021, a compound +8.1%/yr. Reported net income was 3.8B TWD in FY2025, compounding +53.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 47.9B TWD (≈ $1.5B) · P/E ratio 12.3 · P/S ratio 1.86 · EPS (TTM) 6.43 TWD · Net margin 15.2% · Return on equity 11.2% · Return on assets (EBIT) 8.5% · Operating margin 15.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −38% fair-value upside, at 22%, 1319 screens cheaper than that median.
Fair Value models
Bear 57.16 TWDFair Value 96.29 TWDBull 141.98 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (4.07 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.Evidence ⓘEvidence = 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.60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.0%
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.
+5.6%
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.
+7.7%
Start year 2020 (pandemic). Over 10 years: +1.1% a year
Revenue growth 25 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.
+5.8%
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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.
+35.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.2%
Dividend (yield on the price)0.0%
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.35% vs 8%, picking up
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% → 18%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +14.7% a year for the price and +2.1% for the forecasts.
Compare Tong Yang Industry 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.Auto Parts · 663 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+22% · Above median
Profitability
Return on equity (TTM)11% · Above median
Return on assets6% · Top 25%
Net margin (TTM)14% · Top 25%
Operating margin (TTM)16% · Top 25%
Growth and dividend
Revenue growth−23% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Auto Parts median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Tong Yang Industry Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1319
Frequently asked questions
Is Tong Yang Industry Co Ltd (1319) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 96.29 TWD versus a price of 78.90 TWD, about +22% upside (undervalued).
What is the fair value of 1319?
Our model-based fair value for Tong Yang Industry Co Ltd is 96.29 TWD (as of Sep 23, 2026), built from audited fundamentals. The current price: 78.90 TWD.
What is the quality score of 1319?
Tong Yang Industry Co Ltd has a Quality Score of 55/100. 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 Tong Yang Industry Co Ltd (1319)?
Our model-based price target is the fair value of 96.29 TWD (as of Sep 23, 2026) from 23 valuation models. Cautious scenario 57.16 TWD, optimistic scenario 141.98 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Tong Yang Industry Co Ltd stock forecast for 2026?
Our models put fair value at 96.29 TWD, about +22% upside versus a price of 78.90 TWD (undervalued). Cautious scenario 57.16 TWD, optimistic scenario 141.98 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Tong Yang Industry Co Ltd (1319)?
Tong Yang Industry Co Ltd reported trailing-twelve-month revenue of about 23.4B TWD (latest available figure, as of Sep 23, 2026).
What growth is priced into Tong Yang Industry Co Ltd (1319)?
For today's price to be fair in a discounted-cash-flow model, Tong Yang Industry Co Ltd would have to grow free cash flow by +16.5 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.7 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 1319 use?
Our models discount Tong Yang Industry Co Ltd at 8.6 %: a base by market capitalisation (large), damped by beta 0.31, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Tong Yang Industry Co Ltd that is +16.5 % per year a year over ten years, using the same discount rate (8.6 %) and the same formula as our fair value.
How much growth has Tong Yang Industry Co Ltd (1319) delivered so far?
Over the past 5 years revenue at Tong Yang Industry Co Ltd grew +7.7 % a year. The price currently implies +16.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tong Yang Industry Co Ltd (1319) growing?
The median revenue growth in the sector is +2.5 % a year. That is the yardstick for the growth priced into Tong Yang Industry Co Ltd (+16.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tong Yang Industry Co Ltd (1319)?
The free-cash-flow yield on the price is 2.81 %: that much free cash flow Tong Yang Industry Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tong Yang Industry Co Ltd (1319)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tong Yang Industry Co Ltd it is 96.29 TWD per share (as of Sep 23, 2026), against a price of 78.90 TWD. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Tong Yang Industry Co Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 1319 trades below its calculated fair value: price 78.90 TWD, fair value 96.29 TWD, a gap of about +22% (undervalued). 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 1319?
No. The price is what the market pays today (78.90 TWD); the fair value is what the company's own numbers justify (96.29 TWD). For Tong Yang Industry Co Ltd the two are 17.39 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Tong Yang Industry Co Ltd worth?
The market values Tong Yang Industry Co Ltd at about 47.9B TWD (market capitalisation, as of Sep 23, 2026). Per share that is 78.90 TWD; our models calculate a fair value of 96.29 TWD per share.
What do the bullish and bearish scenarios say about 1319?
Our models span a range for Tong Yang Industry Co Ltd: cautious scenario 57.16 TWD, base 96.29 TWD, optimistic 141.98 TWD per share (as of Sep 23, 2026, price 78.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1319?
Tong Yang Industry Co Ltd trades at a price-to-earnings ratio of 12.3 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 96.29 TWD is built from several models across several years. Other multiples: PEG 0.2, P/B 1.7, P/S 2.0, EV/EBITDA 7.3.
What is the PEG ratio of 1319?
The PEG ratio of Tong Yang Industry Co Ltd is 0.20 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Tong Yang Industry Co Ltd (1319)?
Balance-sheet figures for Tong Yang Industry Co Ltd (as of Sep 23, 2026): return on equity 11.2%, debt of 0.03 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 1319 from its 52-week high?
Tong Yang Industry Co Ltd trades at 78.90 TWD, about 31% below its 52-week high of 115.00 TWD and 13% above the low of 70.10 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 96.29 TWD is for.
Which stocks are comparable to Tong Yang Industry Co Ltd?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Tong Yang Industry Co Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price 78.90 TWD, calculated fair value 96.29 TWD (+22%), Quality Score 55/100, from 23 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 1319 calculated?
We run Tong Yang Industry Co Ltd through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 96.29 TWD, 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 14.1 % above its aggregate fair value. Tong Yang Industry Co Ltd currently trades 22 % below its own fair value, and the market average says nothing about that. 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 Tong Yang Industry Co Ltd (1319)?
The closing price on Sep 24, 2026 was 78.90 TWD. Our model-based fair value is 96.29 TWD, about +22% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tong Yang Industry Co Ltd right now?
Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (57.16 TWD to 141.98 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Tong Yang Industry Co Ltd (1319) come from?
Earnings per share at Tong Yang Industry Co Ltd grew +9.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.1 %, EBIT margin +8.5 %, tax rate +0.0 %, residual (interest, one-offs) −0.3 %. 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 Tong Yang Industry Co Ltd
How large is the market capitalisation of Tong Yang Industry Co Ltd (1319)?
The market capitalisation of Tong Yang Industry Co Ltd is 47.9B TWD (≈ $1.5B). 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 Tong Yang Industry Co Ltd (1319)?
The price-to-sales ratio of Tong Yang Industry Co Ltd is 1.86 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tong Yang Industry Co Ltd (1319)?
Earnings per share at Tong Yang Industry Co Ltd are 6.43 TWD (price ÷ EPS = P/E 12.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tong Yang Industry Co Ltd (1319)?
The net margin of Tong Yang Industry Co Ltd is 15.2% (fiscal year 2025). 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 Tong Yang Industry Co Ltd (1319)?
The return on equity (ROE) of Tong Yang Industry Co Ltd is 11.2% (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 Tong Yang Industry Co Ltd (1319)?
On an EBIT basis the return on assets of Tong Yang Industry Co Ltd is 8.5% (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 Tong Yang Industry Co Ltd (1319)?
The operating margin of Tong Yang Industry Co Ltd is 15.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tong Yang Industry Co Ltd (1319)?
Revenue at Tong Yang Industry Co Ltd is growing −22.8% versus a year earlier (3y avg +5.6%). 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 Tong Yang Industry Co Ltd (1319)?
Earnings per share at Tong Yang Industry Co Ltd are growing −34.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tong Yang Industry Co Ltd (1319) carry?
The net debt of Tong Yang Industry Co Ltd is 525M TWD (fiscal year 2025, ≈ 0.4 yrs of FCF). 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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