Taiwan Glass Ind. Corp (1802) Fair Value & Analysis

Basic Materials · TW · Market cap 165B TWD

Below-average quality, and screening another 74% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (18.95 TWD). The favourable scenario is already priced in.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (9.01 TWD to 18.95 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 20, 2026.

How to read this chart

60‑month range 12.20 TWD – 76.60 TWD · fair‑value band 9.01 TWD – 18.95 TWD · the 53.10 TWD price screens above the 13.98 TWD fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Taiwan Glass Ind. Corp (1802) currently trades at 53.10 TWD, while our model-based Fair Value estimate is 13.98 TWD, implying the stock looks roughly 73.7% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Basic Materials 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: low).

Over the trailing twelve months, Taiwan Glass Ind. Corp generated revenue of 42.1B TWD at a net margin of 0.9%. Revenue grew 6.1% year over year. It earns a return on equity of 0.6%. Net debt stands at 17.2B TWD. Fundamentals as of Jul 20, 2026

Our scenario range runs from 9.01 TWD (bear case) to 18.95 TWD (bull case); at 53.10 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 35% below its 52-week high and 253% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -74%, 1802 screens richer 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.

Widest divergence: Multiples (19.92 TWD) versus Asset-Based (10.97 TWD). Highest evidence: EV/EBITDA (54).

Key figures & financial health

Quality Score breakdown

About the company

Taiwan Glass Ind. Corp. manufactures, processes, and sells various glass products in Taiwan, China, and internationally. The company operates through Flat-panel, Glassware, and Glass Fibers segments. The company offers float and processed glass; auto glass; ultra-thin glass; photovoltaic glass; and fabric and fiber glass.

Full company description

Taiwan Glass Ind. Corp. manufactures, processes, and sells various glass products in Taiwan, China, and internationally. The company operates through Flat-panel, Glassware, and Glass Fibers segments. The company offers float and processed glass; auto glass; ultra-thin glass; photovoltaic glass; and fabric and fiber glass. It also provides liquor, wine and beer, food jar, pepper, spice, sauce, oil and vinegar, soft drink, juice and milk, pharmaceutical, and cobalt blue containers; tableware, such as bowls and plates, water tumblers, wine glasses, mugs, color, storage jars and boxes, ashtrays, candleholders, and others products; and kitchenware comprising tea pots, pitchers, bubble balls, storage jars, coffee pots, and glass covers. Taiwan Glass Ind. Corp. was founded in 1964 and is based in Taipei, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Taiwan Glass Ind. Corp reported revenue of 41.5B TWD in FY2025 versus 56.1B TWD in FY2021, a compound −7.2%/yr. Reported net income was −590M TWD in FY2025.

1802 screens 74% overvalued. Compare with CRH plc →

Peer Group

Building Materials · 254 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 Building Materials 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.

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Frequently asked questions

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.