Globe Industries Corp (1324) Fair Value & Analysis

Industrials · TW · Market cap 766M TWD

Below-average quality, and screening another 84% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (1.73 TWD). The favourable scenario is already priced in.
• Weak quality (44/100) 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.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 9.70 TWD – 20.60 TWD · fair‑value band 1.47 TWD – 1.73 TWD · the 10.05 TWD price screens above the 1.57 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Globe Industries Corp (1324) currently trades at 10.05 TWD, while our model-based Fair Value estimate is 1.57 TWD, implying the stock looks roughly 84.4% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Globe Industries Corp generated revenue of 719M TWD at a net margin of -8.4%. Revenue declined 8.1% year over year. It earns a return on equity of -6.5%. The balance sheet holds a net cash position of 134M TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.47 TWD (bear case) to 1.73 TWD (bull case); at 10.05 TWD, the current price sits above 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 24% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -60% fair-value upside, at -84%, 1324 screens richer 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: Asset-Based (7.96 TWD) versus Dividend Discount (1.67 TWD). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

Globe Industries Corporation engages in the manufacturing, processing, trading, and sale of various adhesive tapes in Taiwan, East Asia, Africa, the Middle East, and internationally.

Full company description

Globe Industries Corporation engages in the manufacturing, processing, trading, and sale of various adhesive tapes in Taiwan, East Asia, Africa, the Middle East, and internationally. The company offers PVC (vinyl) tapes, such as can sealing, embossed, electrical, floor marking, hazard warning, PVC duct, underground pipe wrapping, plastering, and wire harness tapes; as well as carbon footprint, aluminum foil, cellophane, cloth, double-sided, holding, kraft paper packaging, masking, masking film, PLA bio-based packaging, R-PET eco-friendly packaging, and washi tapes. It also provides colored, stationery, packaging, printed packaging, and OPP PIR packaging tapes. In addition, the company offers tape cutters and PE pallet wraps/stretch wraps; and antistatic agents used in various plastic coating processes. Globe Industries Corporation was founded in 1951 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Globe Industries Corp reported revenue of 734M TWD in FY2025 versus 1.1B TWD in FY2021, a compound −9.1%/yr. Reported net income was −61.3M TWD in FY2025.

1324 screens 84% overvalued. Compare with GRG Banking Equipment Co →

Peer Group

Business Equipment & Supplies · 74 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 Business Equipment & Supplies 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.

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

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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.