Yung Chi Paint & Varnish Mfg Co Ltd (1726) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Yung Chi Paint & Varnish Mfg Co Ltd TWD 93.54, price TWD 76.30, upside +22.6%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Yung Chi Paint & Varnish Mfg.Co.,Ltd manufactures and sells coatings and paints primarily in Taiwan and internationally. It operates through the Paint Business Department Coating Engineering segments.
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Yung Chi Paint & Varnish Mfg.Co.,Ltd manufactures and sells coatings and paints primarily in Taiwan and internationally. It operates through the Paint Business Department Coating Engineering segments. The company offers architecture coatings, including solvent-based acrylic paints, water cement paints, exterior wall paints, exterior clear coatings, water-based epoxy paints, wood coatings, and other used architecture coatings; and waterproof coatings comprising water-based waterproof paints, polyurea elastomer, and polyurethane waterproof paints. It also provides heavy duty coatings, such as top-long, polyurethane, vinyl ester, chlorinated rubber, yung flon, epoxy, alkyd, and polysiloxane paints, as well as anti- corrosive and Zinc rich primers. In addition, the company offers marine paints, including anti-fouling, marine primers, and rainbow paints; and fire-retardant coatings. Further, the company provides specialty coatings, which comprise galvanized steel emulsions, anti-midew, baking, and heat-resisting paints; and varnishes, putty, traffic paints, black/white board paints, hammer tone paints, paint oils, magnetic paints, weldable anti-corrosive primers, and golden colored paints. Additionally, it offers can coatings and coil maintenance coatings; continental coatings, including heat-resisting, thinners, architecture, polyurethane, zinc coatings, fluorocarbon contifluor, and siloxane; and floor coatings, such as epoxy floor coating paints. Furthermore, the company provides paint pigments, synthetic resins, fire protection coatings, cement products, and steel drums, as well as can, nuclear, and curtain wall coatings; and engages in the coating, anti-corrosive, lining coating, rust removal by water-jet, and wet sand blasting construction, as well as electrolytic protection activities. Yung Chi Paint & Varnish Mfg.Co.,Ltd was founded in 1951 and is headquartered in Kaohsiung, Taiwan.
Stock analysis
Yung Chi Paint & Varnish Mfg Co Ltd (1726) currently trades at 76.30 TWD, while our model-based Fair Value estimate is 93.54 TWD, implying the stock looks roughly 18.4% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 99.62 TWD per share, and 16 of the 24 models we run sit above the 76.30 TWD price.
Bear case: the Dividend Discount group reads lowest at 35.61 TWD, and 8 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 70.17 TWD (bear) to 116.93 TWD (bull), the price of 76.30 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 71/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Yung Chi Paint & Varnish Mfg Co Ltd reported revenue of 9.8B TWD in FY2025 versus 8.9B TWD in FY2021, a compound +2.5%/yr. Reported net income was 892M TWD in FY2025, compounding +0.3%/yr from FY2021.
Key figures
Market cap 12.4B TWD (≈ $389M) · P/E ratio 13.9 · P/S ratio 1.27 · EPS (TTM) 5.49 TWD · Dividend yield 4.5% · Net margin 9.1% · Return on equity 9.0% · Return on assets (EBIT) 8.8%.
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 4% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −40% fair-value upside, at 23%, 1726 screens cheaper than that median.
Fair Value models
Bear 70.17 TWDFair Value 93.54 TWDBull 116.93 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 (4.03 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.67/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.7%
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.
+0.2%
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.
+4.1%
Start year 2020 (pandemic). Over 10 years: +1.9% 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.
+2.8%
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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.
+5.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.4%
Dividend (yield on the price)4.5%
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.1% vs −2%, steady
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.13% → 11%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
−8.1%
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 −9.5% a year for the price.
Compare Yung Chi Paint & Varnish Mfg 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.Specialty Chemicals · 711 stocks
Beats the industry median on 14/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+23% · Top 25%
Profitability
Return on equity (TTM)9% · Above median
Return on assets6% · Top 25%
Net margin (TTM)10% · Above median
Operating margin (TTM)14% · Top 25%
Growth and dividend
Revenue growth4% · Above median
Dividend yield (TTM)4.5% · Top 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Yung Chi Paint & Varnish Mfg Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1726
Frequently asked questions
Is Yung Chi Paint & Varnish Mfg Co Ltd (1726) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 93.54 TWD versus a price of 76.30 TWD, about +23% upside (undervalued).
What is the fair value of 1726?
Our model-based fair value for Yung Chi Paint & Varnish Mfg Co Ltd is 93.54 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 76.30 TWD.
What is the quality score of 1726?
Yung Chi Paint & Varnish Mfg Co Ltd has a Quality Score of 71/100. 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 Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
Our model-based price target is the fair value of 93.54 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 70.17 TWD, optimistic scenario 116.93 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Yung Chi Paint & Varnish Mfg Co Ltd stock forecast for 2026?
Our models put fair value at 93.54 TWD, about +23% upside versus a price of 76.30 TWD (undervalued). Cautious scenario 70.17 TWD, optimistic scenario 116.93 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
Yung Chi Paint & Varnish Mfg Co Ltd reported trailing-twelve-month revenue of about 9.9B TWD (latest available figure, as of Sep 24, 2026).
Does Yung Chi Paint & Varnish Mfg Co Ltd pay a dividend?
Yung Chi Paint & Varnish Mfg Co Ltd currently shows a dividend yield of about 4.49% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
For today's price to be fair in a discounted-cash-flow model, Yung Chi Paint & Varnish Mfg Co Ltd would have to grow free cash flow by -8.1 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 1726 use?
Our models discount Yung Chi Paint & Varnish Mfg Co Ltd at 10.3 %: a base by market capitalisation (small), damped by beta 0.13, 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 Yung Chi Paint & Varnish Mfg Co Ltd that is -8.1 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Yung Chi Paint & Varnish Mfg Co Ltd (1726) delivered so far?
Over the past 5 years revenue at Yung Chi Paint & Varnish Mfg Co Ltd grew +4.1 % a year. The price currently implies -8.1 % 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 Yung Chi Paint & Varnish Mfg Co Ltd (1726) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Yung Chi Paint & Varnish Mfg Co Ltd (-8.1 % 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 Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
The free-cash-flow yield on the price is 10.53 %: that much free cash flow Yung Chi Paint & Varnish Mfg Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Yung Chi Paint & Varnish Mfg Co Ltd it is 93.54 TWD per share (as of Sep 24, 2026), against a price of 76.30 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Yung Chi Paint & Varnish Mfg Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1726 trades below its calculated fair value: price 76.30 TWD, fair value 93.54 TWD, a gap of about +23% (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 1726?
No. The price is what the market pays today (76.30 TWD); the fair value is what the company's own numbers justify (93.54 TWD). For Yung Chi Paint & Varnish Mfg Co Ltd the two are 17.24 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Yung Chi Paint & Varnish Mfg Co Ltd worth?
The market values Yung Chi Paint & Varnish Mfg Co Ltd at about 12.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 76.30 TWD; our models calculate a fair value of 93.54 TWD per share.
What do the bullish and bearish scenarios say about 1726?
Our models span a range for Yung Chi Paint & Varnish Mfg Co Ltd: cautious scenario 70.17 TWD, base 93.54 TWD, optimistic 116.93 TWD per share (as of Sep 24, 2026, price 76.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1726?
Yung Chi Paint & Varnish Mfg Co Ltd trades at a price-to-earnings ratio of 13.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 93.54 TWD is built from several models across several years. Other multiples: PEG 0.5, P/B 1.2, P/S 1.3, EV/EBITDA 7.8.
What is the PEG ratio of 1726?
The PEG ratio of Yung Chi Paint & Varnish Mfg Co Ltd is 0.52 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
Balance-sheet figures for Yung Chi Paint & Varnish Mfg Co Ltd (as of Sep 24, 2026): return on equity 9.0%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is 1726 from its 52-week high?
Yung Chi Paint & Varnish Mfg Co Ltd trades at 76.30 TWD, about 4% below its 52-week high of 79.20 TWD and 2% above the low of 74.90 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 93.54 TWD is for.
Which stocks are comparable to Yung Chi Paint & Varnish Mfg Co Ltd?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, 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 Yung Chi Paint & Varnish Mfg Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 76.30 TWD, calculated fair value 93.54 TWD (+23%), Quality Score 71/100, from 24 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 1726 calculated?
We run Yung Chi Paint & Varnish Mfg Co Ltd through 24 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 93.54 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. Yung Chi Paint & Varnish Mfg Co Ltd currently trades 23 % 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 Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
The closing price on Sep 24, 2026 was 76.30 TWD. Our model-based fair value is 93.54 TWD, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Yung Chi Paint & Varnish Mfg Co Ltd right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Yung Chi Paint & Varnish Mfg Co Ltd (1726) come from?
Earnings per share at Yung Chi Paint & Varnish Mfg Co Ltd grew −1.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.0 %, EBIT margin −4.1 %, tax rate −0.5 %, residual (interest, one-offs) +0.9 %. 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 Yung Chi Paint & Varnish Mfg Co Ltd
How large is the market capitalisation of Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
The market capitalisation of Yung Chi Paint & Varnish Mfg Co Ltd is 12.4B TWD (≈ $389M). 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 Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
The price-to-sales ratio of Yung Chi Paint & Varnish Mfg Co Ltd is 1.27 (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 Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
Earnings per share at Yung Chi Paint & Varnish Mfg Co Ltd are 5.49 TWD (price ÷ EPS = P/E 13.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
The dividend yield of Yung Chi Paint & Varnish Mfg Co Ltd is 4.5% (payout 62.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
The net margin of Yung Chi Paint & Varnish Mfg Co Ltd is 9.1% (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 Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
The return on equity (ROE) of Yung Chi Paint & Varnish Mfg Co Ltd is 9.0% (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 Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
On an EBIT basis the return on assets of Yung Chi Paint & Varnish Mfg Co Ltd is 8.8% (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 Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
The operating margin of Yung Chi Paint & Varnish Mfg Co Ltd is 14.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
Revenue at Yung Chi Paint & Varnish Mfg Co Ltd is growing +4.2% versus a year earlier (3y avg +0.2%). 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 Yung Chi Paint & Varnish Mfg Co Ltd (1726)?
Earnings per share at Yung Chi Paint & Varnish Mfg Co Ltd are growing +26.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Yung Chi Paint & Varnish Mfg Co Ltd (1726) hold?
Yung Chi Paint & Varnish Mfg Co Ltd holds more cash than debt, 1.8B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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