Shiny Chemical Industrial Co Ltd (1773) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Shiny Chemical Industrial Co Ltd TWD 54.17, price TWD 165, upside -67.1%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Shiny Chemical Industrial Co., Ltd. engages in manufacturing, processing, and trading of chemical solvents in Taiwan and internationally. It provides electronic solvents, including menthyl acetates, ether alcohol esters, other solvents, and customized products; and industrial solvents, such as menthyl acetates, ether ester products, and other solvents.
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Shiny Chemical Industrial Co., Ltd. engages in manufacturing, processing, and trading of chemical solvents in Taiwan and internationally. It provides electronic solvents, including menthyl acetates, ether alcohol esters, other solvents, and customized products; and industrial solvents, such as menthyl acetates, ether ester products, and other solvents. The company also offers formalin and urea glue products; and leases storage tanks and warehouses. In addition, it provides electronic grade solvents for use in semiconductor process, flat screen monitor, photoresist manufacturing, bumping and packaging, and LED industries. Shiny Chemical Industrial Co., Ltd. was incorporated in 1979 and is headquartered in Kaohsiung, Taiwan.
Stock analysis
Shiny Chemical Industrial Co Ltd (1773) currently trades at 164.50 TWD, while our model-based Fair Value estimate is 54.17 TWD, implying the stock looks roughly 203.7% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 98.43 TWD per share, and 0 of the 25 models we run sit above the 164.50 TWD price.
Bear case: the Dividend Discount group reads lowest at 23.39 TWD, and 25 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: 34.06 TWD (bear) to 79.53 TWD (bull), the price of 164.50 TWD sits above 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 52/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Shiny Chemical Industrial Co Ltd reported revenue of 11.5B TWD in FY2025 versus 11.1B TWD in FY2021, a compound +0.8%/yr. Reported net income was 2.0B TWD in FY2025, compounding +6.0%/yr from FY2021.
Key figures
Market cap 49.4B TWD (≈ $1.5B) · P/E ratio 22.8 · P/S ratio 4.06 · EPS (TTM) 7.20 TWD · Dividend yield 1.2% · Net margin 17.8% · Return on equity 19.5% · Return on assets (EBIT) 15.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −25% fair-value upside, at −67%, 1773 screens richer than that median.
Fair Value models
Bear 34.06 TWDFair Value 54.17 TWDBull 79.53 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 (5.27 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.86/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.0%
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.
+0.5%
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.
+8.1%
Start year 2020 (pandemic). Over 10 years: +5.9% a year
Revenue growth 17 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.
+4.0%
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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.
+9.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.8%
Dividend (yield on the price)1.2%
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.8% vs 11%, slowing
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.19% → 21%
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.
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).
+28.4%
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 +26.4% a year for the price.
Compare Shiny Chemical Industrial 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.Chemicals · 352 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−67% · Bottom 25%
Profitability
Return on equity (TTM)20% · Top 25%
Return on assets9% · Top 25%
Net margin (TTM)18% · Top 25%
Operating margin (TTM)23% · Top 25%
Growth and dividend
Revenue growth11% · Above median
Dividend yield (TTM)1.2% · Below median
Balance sheet
Debt / equity0.19× · Above median
Valuation Multiplesvs Chemicals median · lower = cheaper
P/E (TTM)22.8× · Cheaper than median
P/B4.39× · Priciest 25%
P/S (TTM)4.19× · Priciest 25%
P/FCF1.2× · Cheaper than median
EV/EBITDA16.0× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 2
FUTURE (revenue growth)53· sector 23
PAST (return on equity)78· sector 19
HEALTH (low debt)90· sector 94
DIVIDEND (yield)25· sector 32
VALUE 0: the price sits above our fair-value range.
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). "Shiny Chemical Industrial Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1773
Frequently asked questions
Is Shiny Chemical Industrial Co Ltd (1773) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 54.17 TWD versus a price of 164.50 TWD, about −67% upside (overvalued).
What is the fair value of 1773?
Our model-based fair value for Shiny Chemical Industrial Co Ltd is 54.17 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 164.50 TWD.
What is the quality score of 1773?
Shiny Chemical Industrial Co Ltd has a Quality Score of 52/100. 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 Shiny Chemical Industrial Co Ltd (1773)?
Our model-based price target is the fair value of 54.17 TWD (as of Sep 24, 2026) from 25 valuation models. Cautious scenario 34.06 TWD, optimistic scenario 79.53 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Shiny Chemical Industrial Co Ltd stock forecast for 2026?
Our models put fair value at 54.17 TWD, about −67% upside versus a price of 164.50 TWD (overvalued). Cautious scenario 34.06 TWD, optimistic scenario 79.53 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Shiny Chemical Industrial Co Ltd (1773)?
Shiny Chemical Industrial Co Ltd reported trailing-twelve-month revenue of about 11.8B TWD (latest available figure, as of Sep 24, 2026).
Does Shiny Chemical Industrial Co Ltd pay a dividend?
Shiny Chemical Industrial Co Ltd currently shows a dividend yield of about 1.23% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Shiny Chemical Industrial Co Ltd (1773)?
For today's price to be fair in a discounted-cash-flow model, Shiny Chemical Industrial Co Ltd would have to grow free cash flow by +28.4 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 1773 use?
Our models discount Shiny Chemical Industrial Co Ltd at 11.7 %: a base by market capitalisation (small), damped by beta 0.96, 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 Shiny Chemical Industrial Co Ltd that is +28.4 % per year a year over ten years, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has Shiny Chemical Industrial Co Ltd (1773) delivered so far?
Over the past 5 years revenue at Shiny Chemical Industrial Co Ltd grew +8.1 % a year. The price currently implies +28.4 % 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 Shiny Chemical Industrial Co Ltd (1773) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Shiny Chemical Industrial Co Ltd (+28.4 % 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 Shiny Chemical Industrial Co Ltd (1773)?
The free-cash-flow yield on the price is 2.57 %: that much free cash flow Shiny Chemical Industrial Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shiny Chemical Industrial Co Ltd (1773)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shiny Chemical Industrial Co Ltd it is 54.17 TWD per share (as of Sep 24, 2026), against a price of 164.50 TWD. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Shiny Chemical Industrial Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1773 trades above its calculated fair value: price 164.50 TWD, fair value 54.17 TWD, a gap of about −67% (overvalued). 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 1773?
No. The price is what the market pays today (164.50 TWD); the fair value is what the company's own numbers justify (54.17 TWD). For Shiny Chemical Industrial Co Ltd the two are 110.33 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Shiny Chemical Industrial Co Ltd worth?
The market values Shiny Chemical Industrial Co Ltd at about 49.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 164.50 TWD; our models calculate a fair value of 54.17 TWD per share.
What do the bullish and bearish scenarios say about 1773?
Our models span a range for Shiny Chemical Industrial Co Ltd: cautious scenario 34.06 TWD, base 54.17 TWD, optimistic 79.53 TWD per share (as of Sep 24, 2026, price 164.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1773?
Shiny Chemical Industrial Co Ltd trades at a price-to-earnings ratio of 22.8 (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 54.17 TWD is built from several models across several years. Other multiples: P/B 4.4, P/S 4.2, EV/EBITDA 16.0.
How solid is the balance sheet of Shiny Chemical Industrial Co Ltd (1773)?
Balance-sheet figures for Shiny Chemical Industrial Co Ltd (as of Sep 24, 2026): return on equity 19.5%, debt of 0.19 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 1773 from its 52-week high?
Shiny Chemical Industrial Co Ltd trades at 164.50 TWD, about 16% below its 52-week high of 195.00 TWD and 25% above the low of 132.00 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 54.17 TWD is for.
Which stocks are comparable to Shiny Chemical Industrial Co Ltd?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Ningxia Baofeng Energy Group, Dow 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 Shiny Chemical Industrial Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 164.50 TWD, calculated fair value 54.17 TWD (−67%), Quality Score 52/100, from 25 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 1773 calculated?
We run Shiny Chemical Industrial Co Ltd through 25 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 54.17 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. Shiny Chemical Industrial Co Ltd itself currently trades above fair value. 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 Shiny Chemical Industrial Co Ltd (1773)?
The closing price on Sep 24, 2026 was 164.50 TWD. Our model-based fair value is 54.17 TWD, about −67% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shiny Chemical Industrial Co Ltd right now?
The price sits above even our optimistic bull case (79.53 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (34.06 TWD to 79.53 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Shiny Chemical Industrial Co Ltd (1773) come from?
Earnings per share at Shiny Chemical Industrial Co Ltd grew +11.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.8 %, EBIT margin +7.6 %, tax rate −0.2 %, residual (interest, one-offs) −1.0 %. 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 Shiny Chemical Industrial Co Ltd
How large is the market capitalisation of Shiny Chemical Industrial Co Ltd (1773)?
The market capitalisation of Shiny Chemical Industrial Co Ltd is 49.4B 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 Shiny Chemical Industrial Co Ltd (1773)?
The price-to-sales ratio of Shiny Chemical Industrial Co Ltd is 4.06 (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 Shiny Chemical Industrial Co Ltd (1773)?
Earnings per share at Shiny Chemical Industrial Co Ltd are 7.20 TWD (price ÷ EPS = P/E 22.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shiny Chemical Industrial Co Ltd (1773)?
The dividend yield of Shiny Chemical Industrial Co Ltd is 1.2% (payout 28.0%). 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 Shiny Chemical Industrial Co Ltd (1773)?
The net margin of Shiny Chemical Industrial Co Ltd is 17.8% (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 Shiny Chemical Industrial Co Ltd (1773)?
The return on equity (ROE) of Shiny Chemical Industrial Co Ltd is 19.5% (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 Shiny Chemical Industrial Co Ltd (1773)?
On an EBIT basis the return on assets of Shiny Chemical Industrial Co Ltd is 15.0% (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 Shiny Chemical Industrial Co Ltd (1773)?
The operating margin of Shiny Chemical Industrial Co Ltd is 23.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shiny Chemical Industrial Co Ltd (1773)?
Revenue at Shiny Chemical Industrial Co Ltd is growing +10.6% versus a year earlier (3y avg +0.5%). 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 Shiny Chemical Industrial Co Ltd (1773)?
Earnings per share at Shiny Chemical Industrial Co Ltd are growing +27.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shiny Chemical Industrial Co Ltd (1773) carry?
The net debt of Shiny Chemical Industrial Co Ltd is 2.7B TWD (fiscal year 2025, ≈ 2.1 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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