First Copper Technology Co Ltd (2009) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of First Copper Technology Co Ltd stock TWD 4.05, price TWD 34.60, that is 88.3% below the price, quality 41 out of 100. Rating: strongly overvalued. Calculated from audited financials with 20 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 8, 2026.
How to read this chart
60‑month range 20.14 TWD – 64.62 TWD · fair‑value band 3.07 TWD – 5.04 TWD · the 34.60 TWD price screens above the 4.05 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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First Copper Technology Co., Ltd. produces and sells copper and copper alloy strips in Taiwan and internationally.
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The company's products primarily include brass, phosphor bronze, environmental reflow tin plate, copper, and nickel silver; copper alloys for lead frame; tin-plated copper alloys; and special copper alloys for high performance terminals, etc.
It supplies its products to electronic, semi-conductive, etc. industries. First Copper Technology Co., Ltd. was formerly known as First Copper & Iron Co., Ltd. and changed its name to First Copper Technology Co., Ltd. in January 2000.
The company was founded in 1969 and is headquartered in Kaohsiung City, Taiwan.
Stock analysis
First Copper Technology Co Ltd (2009) currently trades at 34.60 TWD, while our model-based Fair Value estimate is 4.05 TWD, 88% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 16.31 TWD per share, and 1 of the 20 models we run sit above the 34.60 TWD price.
Bear case: the Asset-Based group reads lowest at 1.14 TWD, and 19 of the 20 models stay below the price. Data coverage for this calculation is low.
Scenario range: 3.07 TWD (bear) to 5.04 TWD (bull), the price of 34.60 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 41/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
First Copper Technology Co Ltd reported revenue of 2.9B TWD in FY2025 versus 3.2B TWD in FY2021, a compound −2.5%/yr. Reported net income was 122M TWD in FY2025, compounding −26.8%/yr from FY2021.
Key figures
Market cap 12.4B TWD (≈ $379M) Small · P/E ratio 33.6 · P/S ratio 3.90 · EPS (TTM) 1.03 TWD · Dividend yield 1.2% · Net margin 11.6% · Return on equity 4.7% · Return on assets (EBIT) 1.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 37% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −20% fair-value upside, at −88%, 2009 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.4100 TWD to 49.30 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear3.07 TWDFair Value 4.05 TWDBull5.04 TWD
Price 34.60 TWD · Downside -88.3%
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 (0.5402 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.63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−7.1%
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.
+0.1%
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.
+5.1%
Start year 2020 (pandemic). Over 10 years: −1.0% a year
Revenue growth 23 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.
+0.0%
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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.
−12.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.5%
Dividend (yield on the price)1.2%
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.−13.5% vs −1.0%, 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.4% → −3%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.6%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+50.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +48.6% a year for the price.
Compare First Copper Technology 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.Copper · 56 stocks
Beats the industry median on 3/15 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside−88.3% · Bottom 25%
Profitability
Return on equity (12 months)4.7% · Below median
Return on assets1.1% · Below median
Net margin (12 months)11.6% · Above median
Operating margin (12 months)11.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)13.6% · Below median
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Copper median · lower = cheaper
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). "First Copper Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2009
Frequently asked questions
Is First Copper Technology Co Ltd (2009) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 4.05 TWD versus a price of 34.60 TWD, about 88% lower (overvalued).
What is the fair value of 2009?
Our model-based fair value for First Copper Technology Co Ltd is 4.05 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 34.60 TWD.
What is the quality score of 2009?
First Copper Technology Co Ltd has a Quality Score of 41/100. 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 First Copper Technology Co Ltd (2009)?
Our model-based price target is the fair value of 4.05 TWD (as of Nov 8, 2026) from 20 valuation models. Cautious scenario 3.07 TWD, optimistic scenario 5.04 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the First Copper Technology Co Ltd stock forecast for 2026?
Our models put fair value at 4.05 TWD, about 88% lower versus a price of 34.60 TWD (overvalued). Cautious scenario 3.07 TWD, optimistic scenario 5.04 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of First Copper Technology Co Ltd (2009)?
First Copper Technology Co Ltd reported trailing-twelve-month revenue of about 3.2B TWD (latest available figure, as of Nov 8, 2026).
Does First Copper Technology Co Ltd pay a dividend?
First Copper Technology Co Ltd currently shows a dividend yield of 1.16% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of First Copper Technology Co Ltd (2009) and when is the ex-dividend date?
First Copper Technology Co Ltd pays a dividend of 0.4 TWD per share a year, a dividend yield of 1.2%. The last ex-dividend date was Jul 29, 2026. The payout ratio is 38.8% of earnings. Free cash flow covers the dividend 0.81 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into First Copper Technology Co Ltd (2009)?
For today's price to be fair in a discounted-cash-flow model, First Copper Technology Co Ltd would have to grow free cash flow by +50.9 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.2 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 2009 use?
Our models discount First Copper Technology Co Ltd at 11.5 %: a base by market capitalisation (small), damped by beta 0.92, 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 First Copper Technology Co Ltd that is +50.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has First Copper Technology Co Ltd (2009) delivered so far?
Over the past 5 years revenue at First Copper Technology Co Ltd grew +5.2 % a year. The price currently implies free-cash-flow growth of +50.9 % 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 First Copper Technology Co Ltd (2009) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into First Copper Technology Co Ltd (+50.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of First Copper Technology Co Ltd (2009)?
The free-cash-flow yield on the price is 0.93 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow First Copper Technology Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of First Copper Technology Co Ltd (2009)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For First Copper Technology Co Ltd it is 4.05 TWD per share (as of Nov 8, 2026), against a price of 34.60 TWD. It is the blended result of 20 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is First Copper Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 2009 trades above its calculated fair value: price 34.60 TWD, fair value 4.05 TWD, a gap of about −88% (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 2009?
No. The price is what the market pays today (34.60 TWD); the fair value is what the company's own numbers justify (4.05 TWD). For First Copper Technology Co Ltd the two are 30.55 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is First Copper Technology Co Ltd worth?
The market values First Copper Technology Co Ltd at about 12.4B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 34.60 TWD; our models calculate a fair value of 4.05 TWD per share.
What do the bullish and bearish scenarios say about 2009?
Our models span a range for First Copper Technology Co Ltd: cautious scenario 3.07 TWD, base 4.05 TWD, optimistic 5.04 TWD per share (as of Nov 8, 2026, price 34.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2009?
First Copper Technology Co Ltd trades at a price-to-earnings ratio of 33.6 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4.05 TWD is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2017 to 2025), reported earnings: 50.3. Other multiples: PEG 10.1, P/B 1.3, P/S 3.9, EV/EBITDA 47.6.
What is the PEG ratio of 2009?
The PEG ratio of First Copper Technology Co Ltd is 10.13 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of First Copper Technology Co Ltd (2009)?
Balance-sheet figures for First Copper Technology Co Ltd (as of Nov 8, 2026): return on equity 4.7%, debt of 0.01 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 2009 from its 52-week high?
First Copper Technology Co Ltd trades at 34.60 TWD, about 37% below its 52-week high of 54.90 TWD and 6% above the low of 32.60 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 4.05 TWD is for.
Which stocks are comparable to First Copper Technology Co Ltd?
From the same area (Basic Materials) we also value Southern Copper Corporation, Freeport-McMoRan Inc, First Quantum Minerals Ltd, Lundin Mining Corporation, 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 First Copper Technology Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 34.60 TWD, calculated fair value 4.05 TWD (−88%), Quality Score 41/100, from 20 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 2009 calculated?
We run First Copper Technology Co Ltd through 20 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 4.05 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. First Copper Technology 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 First Copper Technology Co Ltd (2009)?
The closing price on Nov 9, 2026 was 34.60 TWD. Our model-based fair value is 4.05 TWD, about 88% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with First Copper Technology Co Ltd right now?
The price sits above even our optimistic bull case (5.04 TWD). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of First Copper Technology Co Ltd
How large is the market capitalisation of First Copper Technology Co Ltd (2009)?
The market capitalisation of First Copper Technology Co Ltd is 12.4B TWD (≈ $379M). 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 First Copper Technology Co Ltd (2009)?
The price-to-sales ratio of First Copper Technology Co Ltd is 3.90 (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 First Copper Technology Co Ltd (2009)?
Earnings per share at First Copper Technology Co Ltd are 1.03 TWD (price ÷ EPS = P/E 33.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of First Copper Technology Co Ltd (2009)?
The dividend yield of First Copper Technology Co Ltd is 1.2% (payout 38.8%). 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 First Copper Technology Co Ltd (2009)?
The net margin of First Copper Technology Co Ltd is 11.6% (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 First Copper Technology Co Ltd (2009)?
The return on equity (ROE) of First Copper Technology Co Ltd is 4.7% (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 First Copper Technology Co Ltd (2009)?
On an EBIT basis the return on assets of First Copper Technology Co Ltd is 1.5% (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 First Copper Technology Co Ltd (2009)?
The operating margin of First Copper Technology Co Ltd is 11.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at First Copper Technology Co Ltd (2009)?
Revenue at First Copper Technology Co Ltd is growing +13.6% versus a year earlier (3y avg +0.1%). 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 First Copper Technology Co Ltd (2009)?
Earnings per share at First Copper Technology Co Ltd are growing −10.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does First Copper Technology Co Ltd (2009) carry?
The net debt of First Copper Technology Co Ltd is 1.4B TWD (fiscal year 2025, ≈ 11.7 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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Thin data
Nov 8, 2026