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SYN-TECH Chem. & Pharm. Co (1777) Fair Value & Analysis

Healthcare · TW · Market cap 3.2B TWD

ST SYN-TECH Chem. & Pharm. Co 1777 · TWO
Price75.00 TWD
Fair Value127.87 TWD
Upside+70.5%
Quality77/100
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Healthy Growth
Highly profitable · 20.4% net margin
generates free cash flow
5.52% dividend yield
Ranks above peers (12/13)
Wide moat 68/100
Evidence: High Range 96.80 TWD – 158.35 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price +5.2% over the past month.

A strong business, screening 70% undervalued on our models.

What matters now

  • The rarer combination: high quality (77/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (96.80 TWD). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

95.92 TWD 50.95 TWD Fair Value 127.87 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 50.95 TWD – 95.92 TWD · fair‑value band 96.80 TWD – 158.35 TWD · the 75.00 TWD price screens below the 127.87 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

SYN-TECH Chem. & Pharm. Co (1777) currently trades at 75.00 TWD, while our model-based Fair Value estimate is 127.87 TWD, implying the stock looks roughly 70.5% undervalued today. The Quality Score stands at 77/100 (high quality), in the Healthcare 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, SYN-TECH Chem. & Pharm. Co generated revenue of 1.3B TWD at a net margin of 20.4%. Revenue declined 12.7% year over year. It earns a return on equity of 10.6%. The balance sheet holds a net cash position of 264M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 96.80 TWD (bear case) to 158.35 TWD (bull case); at 75.00 TWD, the current price sits below 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 10% below its 52-week high and 7% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 70%, 1777 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
Residual Income 50.87 TWD 56.11 TWD 75.00 TWD 76
Growth DCF 150.55 TWD 223.47 TWD 333.16 TWD 72
Gordon GGM 46.55 TWD 92.75 TWD 140.45 TWD 70
All 26 models by family
DCF Models
FCF DCF 149.75 TWD 225.23 TWD 340.67 TWD 38
Owner Earnings 111.78 TWD 164.56 TWD 245.28 TWD 31
5Y Revenue Exit 106.17 TWD 147.87 TWD 200.53 TWD 39
5Y EBITDA Exit 131.95 TWD 197.65 TWD 275.20 TWD 41
5Y P/E Exit 124.30 TWD 182.88 TWD 245.37 TWD 38
10Y Revenue Exit 119.09 TWD 161.38 TWD 218.04 TWD 36
10Y EBITDA Exit 137.22 TWD 195.74 TWD 275.41 TWD 37
10Y P/E Exit 132.39 TWD 185.54 TWD 252.49 TWD 35
Earnings-Based
Graham-Dodd 39.89 TWD 143.64 TWD 193.61 TWD 54
Lynch FV 33.96 TWD 48.52 TWD 63.07 TWD 50
PEG = 1.0 33.96 TWD 48.52 TWD 63.07 TWD 46
EPV 75.93 TWD 84.21 TWD 91.35 TWD 59
Dividend Discount
Gordon GGM 46.55 TWD 92.75 TWD 140.45 TWD 70
DDM Multi-Stage 46.55 TWD 80.16 TWD 97.90 TWD 61
Multiples
P/E Multiple 96.80 TWD 129.07 TWD 161.33 TWD 63
P/S Multiple 74.80 TWD 99.73 TWD 124.67 TWD 58
P/B Multiple 74.80 TWD 99.73 TWD 124.67 TWD 55
EV/EBIT 114.97 TWD 145.46 TWD 175.94 TWD 53
EV/EBITDA 133.48 TWD 170.13 TWD 206.79 TWD 54
EV/Revenue 84.75 TWD 110.99 TWD 137.23 TWD 43
Asset-Based
NCAV (Graham) 29.04 TWD 38.92 TWD 58.09 TWD 50
Growth DCF
Growth DCF 150.55 TWD 223.47 TWD 333.16 TWD 72
Rev-Margin DCF 106.17 TWD 148.80 TWD 200.24 TWD 67
Economic Profit
Residual Income 50.87 TWD 56.11 TWD 75.00 TWD 76
ROIC Compounder 80.19 TWD 96.51 TWD 116.84 TWD 67
Growth Earnings
Growth-Adj P/E 66.57 TWD 95.10 TWD 123.63 TWD 68

Widest divergence: DCF Models (182.88 TWD) versus Asset-Based (38.92 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.3B TWD
Revenue growth (YoY) -12.7%
Net margin 20.4%
Return on equity 10.6%
Free cash flow 501M TWD FY2025
P/E ratio 12.4
More key figures
Operating margin 28.2%
EPS (TTM) 5.85 TWD
Dividend yield 5.5%
EPS growth (YoY) -5.8%
Net cash 264M TWD FY2023

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 77/100

Of which business quality 76 · Market factors (momentum, volatility) 66

Profitability 48
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 82
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

SYN-TECH Chem. & Pharm. Co., Ltd. manufactures and sells active pharmaceutical ingredients (APIs) in Taiwan, Asia, Europe, the Americas, and internationally. The company offers test drugs and surfactants, as well as various Chinese, Western, and animal medicines.

Full company description

SYN-TECH Chem. & Pharm. Co., Ltd. manufactures and sells active pharmaceutical ingredients (APIs) in Taiwan, Asia, Europe, the Americas, and internationally. The company offers test drugs and surfactants, as well as various Chinese, Western, and animal medicines. It also provides products in various categories, such as anticoagulant, attention deficit hyperactivity disorder, skeletal muscle relaxant, antitussive, antipruritic, scabicide, anti-inflammatory, antipyretic, analgesic, muscle relaxant, anxiolytic, antiemetic, anticonvulsant, anti-ulcerative, antihypertensive, a-blocker, vasodilator, bronchodilator, anxiolytic, tranquilizer, local anesthetic, decongestant, antispasmodic, neuroprotective, antimigraine, pharmaceutic aid/lubricant, antiglaucoma agent, hyponatremia, antidepressant, sedative, and analgesic, as well as treatment for hyperparathyroidism and urinary frequency, benign prostatic hypertrophy, and Herpes virus helicase-primase inhibitor. SYN-TECH Chem. & Pharm. Co., Ltd. was founded in 1982 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

SYN-TECH Chem. & Pharm. Co reported revenue of 1.3B TWD in FY2025 versus 893M TWD in FY2021, a compound +9.8%/yr. Reported net income was 262M TWD in FY2025, compounding +10.2%/yr from FY2021.

Growth Quality 75/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.3B TWD
Latest YoY
+3.4%
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.
+9.6%
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.
+5.7%
Avg. growth/yr (10Y) 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.
+6.6%
Revenue +9.8%/yr
FY21 893M TWD
FY22 986M TWD
FY23 1.1B TWD
FY24 1.3B TWD
FY25 1.3B TWD
Net income +10.2%/yr
FY21 177M TWD
FY22 295M TWD
FY23 251M TWD
FY24 393M TWD
FY25 262M TWD

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Cite: Fair Value Calculator (2026). "SYN-TECH Chem. & Pharm. Co Fair Value". https://www.fairvalue-calculator.com/stock/1777

Peer Group

Biotechnology · 601 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 77 · Top 25%
Fair Value upside +71% · Top 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth -13% · Below median
Dividend yield (TTM) 5.5% · Top 25%

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 12.4× · Cheaper than 75% of peers
P/B 1.25× · Cheaper than median
P/S (TTM) 2.58× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 4.8× · Cheaper than 75% of peers

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 100 · sector 0
FUTURE 0 · sector 0
PAST 42 · sector 0
HEALTH 0 · sector 98
DIVIDEND 100 · sector 23

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%

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Frequently asked questions

Is SYN-TECH Chem. & Pharm. Co (1777) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 127.87 TWD versus a price of 75.00 TWD, about +70% (undervalued).
What is the fair value of 1777?
Our model-based fair value for SYN-TECH Chem. & Pharm. Co is 127.87 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 75.00 TWD.
What is the quality score of 1777?
SYN-TECH Chem. & Pharm. Co has a Quality Score of 77/100. 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 SYN-TECH Chem. & Pharm. Co (1777)?
SYN-TECH Chem. & Pharm. Co reported trailing-twelve-month revenue of about 1.3B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 1777?
The net profit margin of SYN-TECH Chem. & Pharm. Co is about 20.4%, meaning it keeps roughly 20.4% of revenue as net income. Based on the latest reported figures.
Does SYN-TECH Chem. & Pharm. Co pay a dividend?
SYN-TECH Chem. & Pharm. Co currently shows a dividend yield of about 5.56% relative to its recent price (as of Jul 21, 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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