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Ta Yih Industrial Co (1521) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 1.9B TWD

TY Ta Yih Industrial Co 1521 · TW
Price25.30 TWD
Fair Value30.50 TWD
Upside+20.5%
Quality59/100
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Weak Growth
Thin margins · 1.4% net margin
Low debt · generates free cash flow
2.95% dividend yield
Ranks above peers (10/15)
Narrow moat 28/100
Evidence: High Range 22.96 TWD – 44.15 TWD Share as image

Fair value as of: Jul 23, 2026

From 22 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 16.09 TWD to 30.50 TWD (+89.5%) since Jul 7, 2026. Share price −1.9% over the past month.

A solid business, screening 21% undervalued on our models.

What matters now

  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (22.96 TWD to 44.15 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

51.77 TWD 21.40 TWD Fair Value 30.50 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 21.40 TWD – 51.77 TWD · fair‑value band 22.96 TWD – 44.15 TWD · the 25.30 TWD price screens below the 30.50 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Ta Yih Industrial Co (1521) currently trades at 25.30 TWD, while our model-based Fair Value estimate is 30.50 TWD, implying the stock looks roughly 20.5% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical 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, Ta Yih Industrial Co generated revenue of 3.7B TWD at a net margin of 1.4%. Revenue grew 13.0% year over year. It earns a return on equity of 2.9%. The balance sheet holds a net cash position of 162M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 22.96 TWD (bear case) to 44.15 TWD (bull case); at 25.30 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 about 19% below its 52-week high and 9% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 21%, 1521 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 6.80 TWD 8.27 TWD 10.55 TWD 80
Residual Income 16.92 TWD 16.20 TWD 13.08 TWD 76
Rev-Margin DCF 10.34 TWD 15.42 TWD 21.55 TWD 74
All 22 models by family
DCF Models
FCF DCF 6.63 TWD 8.19 TWD 10.79 TWD 38
Owner Earnings 18.44 TWD 23.57 TWD 32.19 TWD 31
5Y Revenue Exit 10.34 TWD 15.29 TWD 22.49 TWD 39
5Y EBITDA Exit 16.74 TWD 26.36 TWD 39.09 TWD 41
5Y P/E Exit 10.68 TWD 15.87 TWD 22.05 TWD 38
10Y Revenue Exit 8.38 TWD 11.65 TWD 15.23 TWD 36
10Y EBITDA Exit 12.21 TWD 17.90 TWD 24.12 TWD 37
10Y P/E Exit 8.84 TWD 11.98 TWD 15.00 TWD 35
Earnings-Based
Graham-Dodd 5.92 TWD 7.24 TWD 8.15 TWD 54
EPV 10.98 TWD 12.27 TWD 13.34 TWD 59
Multiples
P/E Multiple 14.37 TWD 19.17 TWD 23.96 TWD 63
P/S Multiple 11.11 TWD 14.81 TWD 18.51 TWD 58
P/B Multiple 11.11 TWD 14.81 TWD 18.51 TWD 55
EV/EBIT 20.45 TWD 26.76 TWD 33.07 TWD 53
EV/EBITDA 28.51 TWD 37.51 TWD 46.50 TWD 54
EV/Revenue 14.28 TWD 19.75 TWD 25.22 TWD 43
Asset-Based
NCAV (Graham) 12.23 TWD 16.39 TWD 24.47 TWD 50
Growth DCF
Growth DCF 6.80 TWD 8.27 TWD 10.55 TWD 80
Rev-Margin DCF 10.34 TWD 15.42 TWD 21.55 TWD 74
Economic Profit
Residual Income 16.92 TWD 16.20 TWD 13.08 TWD 76
ROIC Compounder 10.98 TWD 12.27 TWD 13.34 TWD 72
Growth Earnings
Growth-Adj P/E 10.13 TWD 14.48 TWD 18.82 TWD 68

Widest divergence: Multiples (19.17 TWD) versus Earnings-Based (7.24 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.7B TWD
Revenue growth (YoY) +13.0%
Net margin 1.4%
Return on equity 2.9%
Free cash flow 48.0M TWD FY2025
P/E ratio 29.8
More key figures
Operating margin 3.2%
EPS (TTM) 0.8700 TWD
Dividend yield 3.0%
EPS growth (YoY) -27.1%
Net cash 162M TWD FY2025

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 59 · Market factors (momentum, volatility) 49

Profitability 40
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 81
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

Ta Yih Industrial Co., Ltd. engages in the manufacturing and processing of automobile parts, motorcycle parts, rail vehicle parts, transportation machinery, and industrial plastic parts in Taiwan and internationally.

Full company description

Ta Yih Industrial Co., Ltd. engages in the manufacturing and processing of automobile parts, motorcycle parts, rail vehicle parts, transportation machinery, and industrial plastic parts in Taiwan and internationally. It offers LED fishing lighting; and railway lighting, such as dimming controllers, rail vehicle luminaires interior lighting, LED boards, LED tubes, track lighting aluminum alloy parts, LED digital displays, reading lights, downlights, intelligent electronic ballast converters, indicator lights, side indicator lights, indicator lamps, flashing lights, tail lights, LED head lights, and HID PES headlamps for railway express. The company also provides passenger reading lights and light sensors; aerospace lighting, including high intensity searchlight, instrument night vision retrofit kit, ball transfer units, battery plastic cases, landing and taxi lights, dimmers, formation lights, position lights, and small lights; tail lamp, front turn signal lamp, and headlamp motorcycle lighting products; and automotive lighting products. The company was incorporated in 1964 and is based in Tainan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ta Yih Industrial Co reported revenue of 3.6B TWD in FY2025 versus 5.0B TWD in FY2021, a compound −7.7%/yr. Reported net income was 66.4M TWD in FY2025, compounding −5.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.6B TWD
Latest YoY
−1.8%
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.
−8.6%
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.
−5.4%
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.
+1.4%
Revenue −7.7%/yr
FY21 5.0B TWD
FY22 4.7B TWD
FY23 4.8B TWD
FY24 3.7B TWD
FY25 3.6B TWD
Net income −5.3%/yr
FY21 82.5M TWD
FY22 88.8M TWD
FY23 42.4M TWD
FY24 87.4M TWD
FY25 66.4M TWD
Character of growth · EPS growth decomposed (2014-2025) −19.1 % p.a.
Revenue per share −3.4 pp

of which total revenue −3.4 pp · buybacks/dilution +0.0 pp

EBIT margin −10.5 pp
Tax rate −0.6 pp
Residual (interest, one-offs) −4.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Ta Yih Industrial Co Fair Value". https://www.fairvalue-calculator.com/stock/1521

Peer Group

Auto Parts · 642 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 59 · Above median
Fair Value upside +21% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 13% · Above median
Dividend yield (TTM) 3.0% · Above median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 29.1× · Pricier than median
P/B 1.04× · Cheaper than median
P/S (TTM) 0.52× · Cheaper than median
P/FCF 1.3× · Cheaper than median
EV/EBITDA 9.0× · Cheaper than median
PEG 0.92× · 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 61 · sector 16
FUTURE 65 · sector 23
PAST 12 · sector 26
HEALTH 98 · sector 95
DIVIDEND 59 · sector 30

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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

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Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is Ta Yih Industrial Co (1521) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 30.50 TWD versus a price of 25.30 TWD, about +21% (undervalued).
What is the fair value of 1521?
Our model-based fair value for Ta Yih Industrial Co is 30.50 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 25.30 TWD.
What is the quality score of 1521?
Ta Yih Industrial Co has a Quality Score of 59/100. 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 Ta Yih Industrial Co (1521)?
Ta Yih Industrial Co reported trailing-twelve-month revenue of about 3.7B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 1521?
The net profit margin of Ta Yih Industrial Co is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
Does Ta Yih Industrial Co pay a dividend?
Ta Yih Industrial Co currently shows a dividend yield of about 2.95% 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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