Shiny Chemical Industrial Co Ltd (1773) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Shiny Chemical Industrial Co Ltd stock TWD 61.43, price TWD 150, that is 59.0% below the price, quality 59 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range 81.43 TWD – 195.00 TWD · fair‑value band 38.72 TWD – 90.04 TWD · the 150.00 TWD price screens above the 61.43 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Shiny Chemical Industrial Co., Ltd. engages in manufacturing, processing, and trading of chemical solvents in Taiwan and internationally.
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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 150.00 TWD, while our model-based Fair Value estimate is 61.43 TWD, 59% below the price, so the stock looks 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 150.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 22.74 TWD, and 25 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 38.72 TWD (bear) to 90.04 TWD (bull), the price of 150.00 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 59/100 (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 44.9B TWD (≈ $1.4B) Small · P/E ratio 19.1 · P/S ratio 3.29 · EPS (TTM) 7.87 TWD · Dividend yield 2.7% · Net margin 19.0% · Return on equity 22.6% · Return on assets (EBIT) 15.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 75 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −24% fair-value upside, at −59%, 1773 screens richer than that median.
Fair Value models
Bear38.72 TWDFair Value 61.43 TWDBull90.04 TWD
Price 150.00 TWD · Downside -59.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (3.32 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
+10.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.8%
Dividend (yield on the price)2.7%
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.7.8% vs 10.9%, 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%
Pace: the 5-year rate starts in 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).
+27.8%
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 +25.9% 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 · 337 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−59.0% · Bottom 25%
Profitability
Return on equity (12 months)22.6% · Top 25%
Return on assets12.0% · Top 25%
Net margin (12 months)19.0% · Top 25%
Operating margin (12 months)22.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)37.8% · Top 25%
Dividend yield (12 months)2.7% · Above median
Balance sheet
Debt / equity0.19× · Above median
Valuation Multiplesvs Chemicals median · lower = cheaper
P/E (12 months)19.1× · Pricier than median
P/B3.99× · Priciest 25%
P/S (12 months)3.29× · Priciest 25%
Price / free cash flow (fiscal year)35.4× · Pricier than median
EV/EBITDA12.3× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 9
FUTURE (revenue growth)100· sector 67
PAST (return on equity)90· sector 24
HEALTH (low debt)90· sector 94
DIVIDEND (yield)53· 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 Nov 9, 2026, our model estimates a fair value of 61.43 TWD versus a price of 150.00 TWD, about 59% lower (overvalued).
What is the fair value of 1773?
Our model-based fair value for Shiny Chemical Industrial Co Ltd is 61.43 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 150.00 TWD.
What is the quality score of 1773?
Shiny Chemical Industrial Co Ltd 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 price target for Shiny Chemical Industrial Co Ltd (1773)?
Our model-based price target is the fair value of 61.43 TWD (as of Nov 9, 2026) from 25 valuation models. Cautious scenario 38.72 TWD, optimistic scenario 90.04 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 61.43 TWD, about 59% lower versus a price of 150.00 TWD (overvalued). Cautious scenario 38.72 TWD, optimistic scenario 90.04 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 13.7B TWD (latest available figure, as of Nov 9, 2026).
Does Shiny Chemical Industrial Co Ltd pay a dividend?
Shiny Chemical Industrial Co Ltd currently shows a dividend yield of 2.67% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Shiny Chemical Industrial Co Ltd (1773) and when is the ex-dividend date?
Shiny Chemical Industrial Co Ltd pays a dividend of 4.00 TWD per share a year, a dividend yield of 2.7%. The last ex-dividend date was Jun 17, 2026. The payout ratio is 50.8% of earnings. Free cash flow covers the dividend 1.06 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
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 +27.8 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.1 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 1773 use?
Our models discount Shiny Chemical Industrial Co Ltd at 12.1 %: a base by market capitalisation (small), damped by beta 1.12, 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 +27.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.1 %) 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 free-cash-flow growth of +27.8 % per 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 +9.8 % a year. That is the yardstick for the growth priced into Shiny Chemical Industrial Co Ltd (+27.8 % per 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 2.81 %: 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 (12.1 %), 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 61.43 TWD per share (as of Nov 9, 2026), against a price of 150.00 TWD. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Shiny Chemical Industrial Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 1773 trades above its calculated fair value: price 150.00 TWD, fair value 61.43 TWD, a gap of about −59% (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 (150.00 TWD); the fair value is what the company's own numbers justify (61.43 TWD). For Shiny Chemical Industrial Co Ltd the two are 88.57 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 44.9B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 150.00 TWD; our models calculate a fair value of 61.43 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 38.72 TWD, base 61.43 TWD, optimistic 90.04 TWD per share (as of Nov 9, 2026, price 150.00 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 19.1 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 61.43 TWD is built from several models across several years. Other multiples: P/B 4.0, P/S 3.3, EV/EBITDA 12.3.
How solid is the balance sheet of Shiny Chemical Industrial Co Ltd (1773)?
Balance-sheet figures for Shiny Chemical Industrial Co Ltd (as of Nov 9, 2026): return on equity 22.6%, debt of 0.19 per unit of equity. They feed the Quality Score of 59/100, 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 150.00 TWD, about 23% below its 52-week high of 195.00 TWD and 14% above the low of 132.00 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 61.43 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, Dow Inc, Ningxia Baofeng Energy Group, 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 Nov 9, 2026: price 150.00 TWD, calculated fair value 61.43 TWD (−59%), Quality Score 59/100, 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 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 61.43 TWD builds on their evidence-weighted average, 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 13.3% 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 Nov 9, 2026 was 150.00 TWD. Our model-based fair value is 61.43 TWD, about 59% lower (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 (90.04 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (38.72 TWD to 90.04 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 44.9B TWD (≈ $1.4B). 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 3.29 (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 Shiny Chemical Industrial Co Ltd (1773)?
Earnings per share at Shiny Chemical Industrial Co Ltd are 7.87 TWD (price ÷ EPS = P/E 19.1). 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 2.7% (payout 50.8%). 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 19.0% (last twelve months). 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 22.6% (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 22.3% (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 +37.8% 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 +32.8% 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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Broad data
Nov 9, 2026