Solar Applied Materials Technology (1785) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Solar Applied Materials Technology TWD 49.61, price TWD 96.50, upside -48.6%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 26.04 TWD – 185.00 TWD · fair‑value band 23.98 TWD – 82.25 TWD · the 96.50 TWD price screens above the 49.61 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Solar Applied Materials Technology Corporation manufactures, processes, recycles, refines, and trades sputtering for thin film materials, precious metal materials, and automotive chemicals in Taiwan, China, and internationally. It operates through: Taiwan Solar, Kunshan Solar, and Others segments.
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Solar Applied Materials Technology Corporation manufactures, processes, recycles, refines, and trades sputtering for thin film materials, precious metal materials, and automotive chemicals in Taiwan, China, and internationally. It operates through: Taiwan Solar, Kunshan Solar, and Others segments. It offers precious metal chemicals, including gold, potassium, silver cyanide, Tetraammine dichloropalladium, silver potassium cyanide, silver cyanide, and silver nitrate and plate; and precious metal materials consisting of sterling gold and silver, as well as gold, silver, and platinum bullions. It also provides green certified products, such as potassium gold and silver cyanide, gold slug and kilo bar, and ITO-P and R target; precision machining parts for electrochemical deposition, dry etching, ion implanting, and physical vapor deposition; silver alloy and coated bonding wires for semiconductor IC and LED packaging; probe materials for wafer, packaging, PCB, and LED testing; recycling and refining of precious and rare metals; chemical and physical property analysis; and OEM bonding services for bonding process, backplane warpage flating, and bonding layer ultrasonic inspection. In addition, the company sputtering targets for thin film to use in data storage media, optoelectronic and display, semiconductor industry; evaporation slugs and metal thin films for LED, compound semiconductors, displays, quartz oscillator, solar cell, and other industries; and specialty chemicals comprising coolant, brake fluid, liquid coolant solutions, and e-coolant for electric vehicle. Further, it engages in the investment; import and export business; and services in non-destructive testing, certification, and environmental testing, etc. The company was formerly known as Solar Chemical Co., Ltd and changed its name to Solar Applied Materials Technology Corporation in October 1999. Solar Applied Materials Technology Corporation was founded in 1967 and is headquartered in Tainan City, Taiwan.
Stock analysis
Solar Applied Materials Technology (1785) currently trades at 96.50 TWD, while our model-based Fair Value estimate is 49.61 TWD, implying the stock looks roughly 94.5% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 112.03 TWD per share, and 4 of the 17 models we run sit above the 96.50 TWD price.
Bear case: the Asset-Based group reads lowest at 16.82 TWD, and 13 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: 23.98 TWD (bear) to 82.25 TWD (bull), the price of 96.50 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 59/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Solar Applied Materials Technology reported revenue of 39.4B TWD in FY2025 versus 31.4B TWD in FY2021, a compound +5.9%/yr. Reported net income was 1.9B TWD in FY2025, compounding +10.4%/yr from FY2021.
Key figures
Market cap 64.1B TWD (≈ $2.0B) · P/E ratio 19.1 · P/S ratio 0.90 · EPS (TTM) 5.06 TWD · Dividend yield 2.1% · Net margin 4.7% · Return on equity 19.4% · Return on assets (EBIT) 7.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 73% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −49%, 1785 screens richer than that median.
Fair Value models
Bear 23.98 TWDFair Value 49.61 TWDBull 82.25 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 (0.8266 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.49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+32.4%
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.
+15.2%
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.
+8.1%
Start year 2020 (pandemic)
Revenue growth 9 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.
+5.1%
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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.
+11.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.0%
Dividend (yield on the price)2.1%
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.6% → 11%
Compare Solar Applied Materials Technology 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.Metal Fabrication · 262 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Top 25%
Fair Value upside−49% · Below median
Profitability
Return on equity (TTM)19% · Top 25%
Return on assets9% · Top 25%
Net margin (TTM)7% · Above median
Operating margin (TTM)14% · Top 25%
Growth and dividend
Revenue growth77% · Top 25%
Dividend yield (TTM)2.1% · Above median
Balance sheet
Debt / equity0.34× · Highest 25%
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
P/E (TTM)19.1× · Cheaper than median
P/B4.28× · Priciest 25%
P/S (TTM)1.40× · Pricier than median
EV/EBITDA11.1× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 34
PAST (return on equity)78· sector 20
HEALTH (low debt)83· sector 95
DIVIDEND (yield)41· sector 24
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.
Is Solar Applied Materials Technology (1785) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 49.61 TWD versus a price of 96.50 TWD, about −49% upside (overvalued).
What is the fair value of 1785?
Our model-based fair value for Solar Applied Materials Technology is 49.61 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 96.50 TWD.
What is the quality score of 1785?
Solar Applied Materials Technology 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 Solar Applied Materials Technology (1785)?
Our model-based price target is the fair value of 49.61 TWD (as of Sep 24, 2026) from 17 valuation models. Cautious scenario 23.98 TWD, optimistic scenario 82.25 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Solar Applied Materials Technology stock forecast for 2026?
Our models put fair value at 49.61 TWD, about −49% upside versus a price of 96.50 TWD (overvalued). Cautious scenario 23.98 TWD, optimistic scenario 82.25 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Solar Applied Materials Technology (1785)?
Solar Applied Materials Technology reported trailing-twelve-month revenue of about 45.7B TWD (latest available figure, as of Sep 24, 2026).
Does Solar Applied Materials Technology pay a dividend?
Solar Applied Materials Technology currently shows a dividend yield of about 2.07% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Solar Applied Materials Technology (1785)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Solar Applied Materials Technology it is 49.61 TWD per share (as of Sep 24, 2026), against a price of 96.50 TWD. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Solar Applied Materials Technology stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1785 trades above its calculated fair value: price 96.50 TWD, fair value 49.61 TWD, a gap of about −49% (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 1785?
No. The price is what the market pays today (96.50 TWD); the fair value is what the company's own numbers justify (49.61 TWD). For Solar Applied Materials Technology the two are 46.89 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Solar Applied Materials Technology worth?
The market values Solar Applied Materials Technology at about 64.1B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 96.50 TWD; our models calculate a fair value of 49.61 TWD per share.
What do the bullish and bearish scenarios say about 1785?
Our models span a range for Solar Applied Materials Technology: cautious scenario 23.98 TWD, base 49.61 TWD, optimistic 82.25 TWD per share (as of Sep 24, 2026, price 96.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1785?
Solar Applied Materials Technology trades at a price-to-earnings ratio of 19.1 (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 49.61 TWD is built from several models across several years. Other multiples: P/B 4.3, P/S 1.4, EV/EBITDA 11.1.
How solid is the balance sheet of Solar Applied Materials Technology (1785)?
Balance-sheet figures for Solar Applied Materials Technology (as of Sep 24, 2026): return on equity 19.4%, debt of 0.34 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 1785 from its 52-week high?
Solar Applied Materials Technology trades at 96.50 TWD, about 48% below its 52-week high of 185.00 TWD and 73% above the low of 55.70 TWD (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 49.61 TWD is for.
Which stocks are comparable to Solar Applied Materials Technology?
From the same area (Industrials) we also value Carpenter Technology Corporation, ATI Inc, Mueller Industries, Inc, Aurubis AG, 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 Solar Applied Materials Technology stock attractive at the current price?
The data as of Sep 24, 2026: price 96.50 TWD, calculated fair value 49.61 TWD (−49%), Quality Score 59/100, from 17 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 1785 calculated?
We run Solar Applied Materials Technology through 17 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 49.61 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 14.1 % above its aggregate fair value. Solar Applied Materials Technology 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 Solar Applied Materials Technology (1785)?
The closing price on Sep 23, 2026 was 96.50 TWD. Our model-based fair value is 49.61 TWD, about −49% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Solar Applied Materials Technology right now?
The price sits above even our optimistic bull case (82.25 TWD). The favourable scenario is already priced in. The model range is unusually wide (23.98 TWD to 82.25 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Solar Applied Materials Technology
How large is the market capitalisation of Solar Applied Materials Technology (1785)?
The market capitalisation of Solar Applied Materials Technology is 64.1B TWD (≈ $2.0B). 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 Solar Applied Materials Technology (1785)?
The price-to-sales ratio of Solar Applied Materials Technology is 0.90 (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 Solar Applied Materials Technology (1785)?
Earnings per share at Solar Applied Materials Technology are 5.06 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 Solar Applied Materials Technology (1785)?
The dividend yield of Solar Applied Materials Technology is 2.1% (payout 39.5%). 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 Solar Applied Materials Technology (1785)?
The net margin of Solar Applied Materials Technology is 4.7% (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 Solar Applied Materials Technology (1785)?
The return on equity (ROE) of Solar Applied Materials Technology is 19.4% (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 Solar Applied Materials Technology (1785)?
On an EBIT basis the return on assets of Solar Applied Materials Technology is 7.4% (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 Solar Applied Materials Technology (1785)?
The operating margin of Solar Applied Materials Technology is 13.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Solar Applied Materials Technology (1785)?
Revenue at Solar Applied Materials Technology is growing +76.6% versus a year earlier (3y avg +15.2%). 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 Solar Applied Materials Technology (1785)?
Earnings per share at Solar Applied Materials Technology are growing +322% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Solar Applied Materials Technology (1785) generate?
The free cash flow of Solar Applied Materials Technology is −735M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Solar Applied Materials Technology (1785) carry?
The net debt of Solar Applied Materials Technology is 11.4B TWD (fiscal year 2025). 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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