Tung Mung Development Co., Ltd (1480) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Tung Mung Development Co., Ltd TWD 10.28, price TWD 7.67, upside +34.1%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Tung Mung Development Co., Ltd. engages in the manufacture and sale of stainless-steel products in Taiwan. It offers hot-rolled steel coils; and cold-rolled stainless-steel coils and sheets for use in constructions, medical equipment, kitchenware and cutlery, and home appliance applications.
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Tung Mung Development Co., Ltd. engages in the manufacture and sale of stainless-steel products in Taiwan. It offers hot-rolled steel coils; and cold-rolled stainless-steel coils and sheets for use in constructions, medical equipment, kitchenware and cutlery, and home appliance applications. The company was incorporated in 1957 and is headquartered in Tainan City, Taiwan.
Stock analysis
Tung Mung Development Co., Ltd (1480) currently trades at 7.67 TWD, while our model-based Fair Value estimate is 10.28 TWD, implying the stock looks roughly 25.4% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 12.58 TWD per share, and 6 of the 7 models we run sit above the 7.67 TWD price.
Bear case: the Asset-Based group reads lowest at 4.59 TWD, and 1 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 8.16 TWD (bear) to 13.27 TWD (bull), the price of 7.67 TWD sits below 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 42/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Tung Mung Development Co., Ltd reported revenue of 10.1B TWD in FY2025 versus 12.0B TWD in FY2021, a compound −4.3%/yr. Reported net income was −339M TWD in FY2025.
Key figures
Market cap 3.2B TWD (≈ $100M) · P/S ratio 0.34 · EPS (TTM) −0.8100 TWD · Net margin −3.4% · Return on equity −11.2% · Return on assets (EBIT) 4.1% · Operating margin −3.6% · Revenue (TTM) 10.1B TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at 34%, 1480 screens cheaper than that median.
Fair Value models
Bear 8.16 TWDFair Value 10.28 TWDBull 13.27 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.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+16.1%
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.
−4.8%
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.
+4.8%
Start year 2020 (pandemic)
Revenue growth 6 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.
+3.1%
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
1.8% (2020) → −2.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
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).
+5.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +3.9% a year for the price.
Compare Tung Mung Development Co., Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Steel · 418 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside+36% · Above median
Profitability
Return on assets−3% · Bottom 25%
Net margin (TTM)−3% · Bottom 25%
Operating margin (TTM)−4% · Bottom 25%
Growth and dividend
Revenue growth8% · Above median
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Steel median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Tung Mung Development Co., Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1480
Frequently asked questions
Is Tung Mung Development Co., Ltd (1480) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 10.28 TWD versus a price of 7.67 TWD, about +34% upside (undervalued).
What is the fair value of 1480?
Our model-based fair value for Tung Mung Development Co., Ltd is 10.28 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 7.67 TWD.
What is the quality score of 1480?
Tung Mung Development Co., Ltd has a Quality Score of 42/100. 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 Tung Mung Development Co., Ltd (1480)?
Our model-based price target is the fair value of 10.28 TWD (as of Sep 24, 2026) from 7 valuation models. Cautious scenario 8.16 TWD, optimistic scenario 13.27 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Tung Mung Development Co., Ltd stock forecast for 2026?
Our models put fair value at 10.28 TWD, about +34% upside versus a price of 7.67 TWD (undervalued). Cautious scenario 8.16 TWD, optimistic scenario 13.27 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Tung Mung Development Co., Ltd (1480)?
Tung Mung Development Co., Ltd reported trailing-twelve-month revenue of about 10.1B TWD (latest available figure, as of Sep 24, 2026).
What growth is priced into Tung Mung Development Co., Ltd (1480)?
For today's price to be fair in a discounted-cash-flow model, Tung Mung Development Co., Ltd would have to grow free cash flow by +5.5 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 1480 use?
Our models discount Tung Mung Development Co., Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.25, 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 Tung Mung Development Co., Ltd that is +5.5 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Tung Mung Development Co., Ltd (1480) delivered so far?
Over the past 5 years revenue at Tung Mung Development Co., Ltd grew +4.8 % a year. The price currently implies +5.5 % 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 Tung Mung Development Co., Ltd (1480) growing?
The median revenue growth in the sector is +0.0 % a year. That is the yardstick for the growth priced into Tung Mung Development Co., Ltd (+5.5 % 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 Tung Mung Development Co., Ltd (1480)?
The free-cash-flow yield on the price is 11.87 %: that much free cash flow Tung Mung Development Co., Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tung Mung Development Co., Ltd (1480)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tung Mung Development Co., Ltd it is 10.28 TWD per share (as of Sep 24, 2026), against a price of 7.67 TWD. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Tung Mung Development Co., Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1480 trades below its calculated fair value: price 7.67 TWD, fair value 10.28 TWD, a gap of about +34% (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 1480?
No. The price is what the market pays today (7.67 TWD); the fair value is what the company's own numbers justify (10.28 TWD). For Tung Mung Development Co., Ltd the two are 2.61 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Tung Mung Development Co., Ltd worth?
The market values Tung Mung Development Co., Ltd at about 3.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 7.67 TWD; our models calculate a fair value of 10.28 TWD per share.
What do the bullish and bearish scenarios say about 1480?
Our models span a range for Tung Mung Development Co., Ltd: cautious scenario 8.16 TWD, base 10.28 TWD, optimistic 13.27 TWD per share (as of Sep 24, 2026, price 7.67 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Tung Mung Development Co., Ltd (1480)?
Balance-sheet figures for Tung Mung Development Co., Ltd (as of Sep 24, 2026): return on equity −11.2%, debt of 0.00 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
Which stocks are comparable to Tung Mung Development Co., Ltd?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata Steel Limited, 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 Tung Mung Development Co., Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 7.67 TWD, calculated fair value 10.28 TWD (+34%), Quality Score 42/100, from 7 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 1480 calculated?
We run Tung Mung Development Co., Ltd through 7 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 10.28 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 13.2 % above its aggregate fair value. Tung Mung Development Co., Ltd currently trades 34 % 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 Tung Mung Development Co., Ltd (1480)?
The closing price on Sep 24, 2026 was 7.67 TWD. Our model-based fair value is 10.28 TWD, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tung Mung Development Co., Ltd right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (8.16 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.
Key figures of Tung Mung Development Co., Ltd
How large is the market capitalisation of Tung Mung Development Co., Ltd (1480)?
The market capitalisation of Tung Mung Development Co., Ltd is 3.2B TWD (≈ $100M). 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 Tung Mung Development Co., Ltd (1480)?
The price-to-sales ratio of Tung Mung Development Co., Ltd is 0.34 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tung Mung Development Co., Ltd (1480)?
Earnings per share at Tung Mung Development Co., Ltd are −0.8100 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tung Mung Development Co., Ltd (1480)?
The net margin of Tung Mung Development Co., Ltd is −3.4% (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 Tung Mung Development Co., Ltd (1480)?
The return on equity (ROE) of Tung Mung Development 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 Tung Mung Development Co., Ltd (1480)?
On an EBIT basis the return on assets of Tung Mung Development Co., Ltd is 4.1% (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 Tung Mung Development Co., Ltd (1480)?
The operating margin of Tung Mung Development Co., Ltd is −3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tung Mung Development Co., Ltd (1480)?
Revenue at Tung Mung Development Co., Ltd is growing +8.1% versus a year earlier (3y avg −4.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Tung Mung Development Co., Ltd (1480) carry?
The net debt of Tung Mung Development Co., Ltd is 1.5B TWD (fiscal year 2025, ≈ 3.9 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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