Solar Applied Materials Technology Corporation (1785) Fair Value & Analysis
Industrials · TW · Market cap 64.1B TWD
Fair value as of: Jul 18, 2026
From 17 valuation models · updated 22 days ago
Share price −20.2% over the past month.
A solid business, but screening 43% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (82.25 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 (32.40 TWD to 82.25 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range 26.04 TWD – 185.00 TWD · fair‑value band 32.40 TWD – 82.25 TWD · the 114.50 TWD price screens above the 65.80 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Solar Applied Materials Technology Corporation (1785) currently trades at 114.50 TWD, while our model-based Fair Value estimate is 65.80 TWD, implying the stock looks roughly 42.5% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Solar Applied Materials Technology Corporation generated revenue of 45.7B TWD at a net margin of 6.6%. Revenue grew 76.6% year over year. It earns a return on equity of 19.4%. Net debt stands at 11.4B TWD. Fundamentals as of Jul 18, 2026
Our scenario range runs from 32.40 TWD (bear case) to 82.25 TWD (bull case); at 114.50 TWD, the current price sits above 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 38% below its 52-week high and 129% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at -43%, 1785 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.
All 17 models by family
Widest divergence: DCF Models (98.48 TWD) versus Asset-Based (16.82 TWD). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 63
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Solar Applied Materials Technology Corporation 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.
1785 screens 43% overvalued. Compare with Carpenter Technology Corporation →
Peer Group
Metal Fabrication · 243 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.
Valuation Multiples vs Metal Fabrication median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Carpenter Technology Corporation CRS | $577.10 | $103.31 | -82% |
| ATI Inc ATI | $186.17 | $36.51 | -80% |
| Mueller Industries, Inc MLI | $59.13 | $60.24 | +2% |
| China International Marine Containers (Group) Co 000039 | ¥7.45 | ¥1.15 | -85% |
| JL Mag Rare-Earth Co 300748 | ¥31.69 | ¥8.74 | -72% |
| Western Superconducting Technologies Co 688122 | ¥56.73 | ¥24.43 | -57% |
| Ningbo Zhenyu Technology Co 300953 | ¥131.65 | ¥44.23 | -66% |
| Anhui Yingliu Electromechanical Co 603308 | ¥48.52 | ¥8.07 | -83% |
| Baoding Technology Co 002552 | ¥43.95 | ¥5.44 | -88% |
| Xiamen Voke Mold & Plastic Engineering Co 301196 | ¥110.08 | ¥42.71 | -61% |
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Frequently asked questions
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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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