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Ta Chen Stainless Pipe Co (2027) Fair Value & Analysis

Basic Materials · TW · Market cap 95.6B TWD

TC Ta Chen Stainless Pipe Co 2027 · TW
Price46.60 TWD
Fair Value41.01 TWD
Upside-12.0%
Quality44/100
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Expensive Growth
Thin margins · 7.5% net margin
Low debt · negative free cash flow
3.66% dividend yield
Ranks above peers (8/13)
Moderate moat 53/100
Evidence: Medium Range 24.61 TWD – 51.26 TWD Share as image

Fair value as of: Jul 18, 2026

From 17 valuation models · updated 22 days ago

Share price +19.5% over the past month.

Below-average quality, and screening another 12% overvalued on our models.

What matters now

  • A fairly wide model range (24.61 TWD to 51.26 TWD) leaves room in how you read the outcome.
  • Our model range runs from 24.61 TWD (bear) to 51.26 TWD (bull), base 41.01 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 44/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

54.49 TWD 26.44 TWD Fair Value 41.01 TWD Mar 2021 Aug 2026

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 26.44 TWD – 54.49 TWD · fair‑value band 24.61 TWD – 51.26 TWD · the 46.60 TWD price screens above the 41.01 TWD fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Ta Chen Stainless Pipe Co (2027) currently trades at 46.60 TWD, while our model-based Fair Value estimate is 41.01 TWD, implying the stock looks roughly 12.0% overvalued today. The Quality Score stands at 44/100 (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: medium).

Over the trailing twelve months, Ta Chen Stainless Pipe Co generated revenue of 107B TWD at a net margin of 7.5%. Revenue grew 19.5% year over year. It earns a return on equity of 11.2%. Net debt stands at 43.8B TWD. Fundamentals as of Jul 18, 2026

Our scenario range runs from 24.61 TWD (bear case) to 51.26 TWD (bull case); at 46.60 TWD, the current price sits within 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 near its 52-week high and 46% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at -12%, 2027 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income 27.25 TWD 29.72 TWD 39.53 TWD 76
ROIC Compounder 40.20 TWD 55.85 TWD 77.28 TWD 72
Gordon GGM 9.14 TWD 19.01 TWD 30.16 TWD 70
All 17 models by family
DCF Models
Owner Earnings 4.72 TWD 13.63 TWD 28.10 TWD 31
Earnings-Based
Graham-Dodd 19.30 TWD 73.98 TWD 100.24 TWD 54
Lynch FV 18.04 TWD 25.77 TWD 33.50 TWD 50
PEG = 1.0 18.04 TWD 25.77 TWD 33.50 TWD 46
EPV 37.97 TWD 45.72 TWD 52.50 TWD 59
Dividend Discount
Gordon GGM 9.14 TWD 19.01 TWD 30.16 TWD 70
DDM Multi-Stage 9.14 TWD 16.03 TWD 19.95 TWD 61
Multiples
P/E Multiple 36.19 TWD 48.25 TWD 60.31 TWD 63
P/S Multiple 36.19 TWD 48.25 TWD 60.31 TWD 58
P/B Multiple 36.19 TWD 48.25 TWD 60.31 TWD 55
EV/EBIT 54.21 TWD 75.12 TWD 96.04 TWD 53
EV/EBITDA 47.10 TWD 65.64 TWD 84.18 TWD 54
EV/Revenue 36.92 TWD 56.40 TWD 75.88 TWD 43
Asset-Based
NCAV (Graham) 15.95 TWD 21.38 TWD 31.90 TWD 50
Economic Profit
Residual Income 27.25 TWD 29.72 TWD 39.53 TWD 76
ROIC Compounder 40.20 TWD 55.85 TWD 77.28 TWD 72
Growth Earnings
Growth-Adj P/E 28.95 TWD 41.36 TWD 53.76 TWD 68

Widest divergence: Multiples (48.25 TWD) versus DCF Models (13.63 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 107B TWD
Revenue growth (YoY) +19.5%
Net margin 7.5%
Return on equity 11.2%
Free cash flow −5.7B TWD FY2025
P/E ratio 14.2
More key figures
Operating margin 18.1%
EPS (TTM) 2.87 TWD
Dividend yield 3.7%
EPS growth (YoY) +74.6%
Net debt 43.8B TWD FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 41 · Market factors (momentum, volatility) 77

Profitability 38
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 5
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

Ta Chen Stainless Pipe Co., Ltd. manufactures, processes, and sells stainless steel pipes, plates, and fittings, and venetian blinds in Taiwan, the United States, China, and internationally. It operates in Stainless Steel and Aluminum, Aluminum Products Manufacturing, and Screws and Nuts segments.

Full company description

Ta Chen Stainless Pipe Co., Ltd. manufactures, processes, and sells stainless steel pipes, plates, and fittings, and venetian blinds in Taiwan, the United States, China, and internationally. It operates in Stainless Steel and Aluminum, Aluminum Products Manufacturing, and Screws and Nuts segments. The company offers stainless flat rolled, extrusions, pipes, valves, fittings, flanges, tubing, and casting and long products. It also engages in the manufacture and sales of aluminum flat rolled products coil, sheet, and tread bright; stainless steel pipe accessories; fabric products and auto parts; screws and nuts; curtains and decorations; and engine, motorcycle, automobile and other parts. In addition, the company involved in the investment businesses; and provides energy technical services. Ta Chen Stainless Pipe Co., Ltd. was incorporated in 1986 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

Ta Chen Stainless Pipe Co reported revenue of 102B TWD in FY2025 versus 96.9B TWD in FY2021, a compound +1.2%/yr. Reported net income was 6.7B TWD in FY2025, compounding −8.9%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
102B TWD
Latest YoY
+12.6%
Avg. growth/yr (3Y)
−3.7%
Avg. growth/yr (5Y)
+11.4%
Avg. growth/yr (22Y)
+16.3%
Revenue +1.2%/yr
FY21 96.9B TWD
FY22 114B TWD
FY23 101B TWD
FY24 90.4B TWD
FY25 102B TWD
Net income −8.9%/yr
FY21 9.7B TWD
FY22 12.0B TWD
FY23 5.3B TWD
FY24 3.5B TWD
FY25 6.7B TWD

2027 screens 12% overvalued. Compare with Tata Steel Limited →

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Cite: Fair Value Calculator (2026). "Ta Chen Stainless Pipe Co Fair Value". https://www.fairvalue-calculator.com/stock/2027

Peer Group

Steel · 378 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 44 · Below median
Fair Value upside −12% · Below median
Return on equity (TTM) 11% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 20% · Top 25%
Dividend yield (TTM) 3.7% · Above median
Debt / equity 0.41× · Higher than 75% of peers

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 14.2× · Cheaper than median
P/B 1.27× · Pricier than median
P/S (TTM) 0.89× · Pricier than median
EV/EBITDA 6.2× · Cheaper than median

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 17 · sector 20
FUTURE 98 · sector 4
PAST 45 · sector 15
HEALTH 79 · sector 95
DIVIDEND 73 · sector 41

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 Steel stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is Ta Chen Stainless Pipe Co (2027) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 41.01 TWD versus a price of 46.60 TWD, about −12% (overvalued).
What is the fair value of 2027?
Our model-based fair value for Ta Chen Stainless Pipe Co is 41.01 TWD (as of Jul 18, 2026), built from audited fundamentals. The current price is 46.60 TWD.
What is the quality score of 2027?
Ta Chen Stainless Pipe Co has a Quality Score of 44/100. 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 Ta Chen Stainless Pipe Co (2027)?
Ta Chen Stainless Pipe Co reported trailing-twelve-month revenue of about 107B TWD (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 2027?
The net profit margin of Ta Chen Stainless Pipe Co is about 7.5%, meaning it keeps roughly 7.5% of revenue as net income. Based on the latest reported figures.
Does Ta Chen Stainless Pipe Co pay a dividend?
Ta Chen Stainless Pipe Co currently shows a dividend yield of about 3.40% relative to its recent price (as of Jul 18, 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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