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Froch Enterprise Co Ltd (2030) Fair Value & Analysis

Basic Materials · TW · Market cap 4.7B TWD (≈ $150M) · ISIN TW0002030004

What is Froch Enterprise Co Ltd really worth?

FE Froch Enterprise Co Ltd 2030 · TW
Price23.45 TWD
Fair Value12.23 TWD
Upside−47.9%
Quality52/100

A solid business, but trading 92% above our fair value of 12.23 TWD.

As of Aug 19, 2026, the fair value of Froch Enterprise Co Ltd is 12.23 TWD per share against a price of 23.45 TWD, so the fair value sits 48% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −0.8 %/yr)
!Thin margins · 1.8% net margin
!Trails peers (5/14)
!Narrow moat 30/100
!Evidence only low, so the estimate is less certain
!Weak on past: 14 out of 100

For context

·2.13% dividend yield
Evidence: Low Range 11.19 TWD – 13.85 TWD

Fair value as of: Aug 19, 2026

From 23 valuation models · updated 17 days ago

Fair value updated Aug 19, 2026, revised from 7.15 TWD to 12.23 TWD (+71.0%) since Aug 13, 2026. Share price +34.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (13.85 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 (52/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

41.45 TWD 11.72 TWD Fair Value 12.23 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 11.72 TWD – 41.45 TWD · fair‑value band 11.19 TWD – 13.85 TWD · the 23.45 TWD price screens above the 12.23 TWD fair value. Dashed = 300-day average. As of Aug 19, 2026.

Full chart & analysis →

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Analysis

Froch Enterprise Co Ltd (2030) currently trades at 23.45 TWD, while our model-based Fair Value estimate is 12.23 TWD, implying the stock looks roughly 91.8% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of 14.82 TWD per share, and 2 of the 23 models we run sit above the 23.45 TWD price. Bear case: the Earnings-Based group reads lowest at 2.92 TWD, and 21 of the 23 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Froch Enterprise Co Ltd generated revenue of 10.1B TWD at a net margin of 1.8%. Revenue declined 1.4% year over year. It earns a return on equity of 3.6%. Net debt stands at 4.5B TWD. Fundamentals as of Aug 19, 2026

Our scenario range runs from 11.19 TWD (bear case) to 13.85 TWD (bull case); at 23.45 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 near its 52-week high and 72% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −23% fair-value upside, at −48%, 2030 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Model 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
Highest evidence
FCF DCF best evidence 17.51 TWD 25.34 TWD 39.40 TWD 80
Growth DCF 18.42 TWD 25.96 TWD 38.46 TWD 78
Residual Income 12.40 TWD 11.91 TWD 9.29 TWD 76
All 23 models by family
DCF Models
FCF DCF best evidence 17.51 TWD 25.34 TWD 39.40 TWD 80
5Y Revenue Exit 8.66 TWD 12.18 TWD 17.25 TWD 73
5Y EBITDA Exit 11.75 TWD 17.53 TWD 25.19 TWD 75
5Y P/E Exit 6.96 TWD 9.23 TWD 12.01 TWD 72
10Y Revenue Exit 11.92 TWD 14.82 TWD 17.72 TWD 68
10Y EBITDA Exit 13.94 TWD 18.05 TWD 22.27 TWD 70
10Y P/E Exit 11.09 TWD 13.03 TWD 14.71 TWD 65
Earnings-Based
Graham-Dodd 2.39 TWD 2.92 TWD 3.29 TWD 67
EPV 2.04 TWD 2.98 TWD 3.79 TWD 73
Dividend Discount
Gordon GGM 6.25 TWD 6.81 TWD 7.66 TWD 69
DDM Multi-Stage 6.25 TWD 7.72 TWD 9.73 TWD 67
Multiples
P/E Multiple 4.48 TWD 5.98 TWD 7.47 TWD 63
P/S Multiple 4.48 TWD 5.98 TWD 7.47 TWD 58
P/B Multiple 4.48 TWD 5.98 TWD 7.47 TWD 55
EV/EBIT 4.51 TWD 7.31 TWD 10.11 TWD 64
EV/EBITDA 9.92 TWD 14.52 TWD 19.12 TWD 67
EV/Revenue 3.39 TWD 6.51 TWD 9.63 TWD 51
Asset-Based
NCAV (Graham) 8.88 TWD 11.90 TWD 17.76 TWD 54
Growth DCF
Growth DCF 18.42 TWD 25.96 TWD 38.46 TWD 78
Rev-Margin DCF 8.66 TWD 12.70 TWD 17.89 TWD 73
Economic Profit
Residual Income 12.40 TWD 11.91 TWD 9.29 TWD 76
ROIC Compounder 2.04 TWD 2.98 TWD 3.79 TWD 71
Growth Earnings
Growth-Adj P/E 3.19 TWD 4.56 TWD 5.93 TWD 67

Widest divergence: DCF Models (14.82 TWD) versus Earnings-Based (2.92 TWD). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/E ratio 67.0
P/S ratio 0.64 P/E × margin
EPS (TTM) 0.3500 TWD price ÷ EPS = P/E 67.0
Dividend yield 2.1% payout 143%
Net margin 1.0% FY2025
Return on equity 3.6% TTM
More key figures
Profitability
Return on assets (EBIT) 5.8% avg 5y
Operating margin 7.9% TTM
Growth
Revenue (TTM) 10.1B TWD TTM
Revenue growth (YoY) −1.4% 3y avg −14.5%
EPS growth (YoY) +105%
Balance sheet & cash flow
Free cash flow 638M TWD FY2025
Net debt 4.5B TWD FY2025 · ≈ 7.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 51 · Market factors (momentum, volatility) 85

Profitability 28
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 82
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 93
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Froch Enterprise Co., Ltd. manufactures, sells, and exports stainless steel tubes and pipes in Asia, Europe, the Middle East, the Americas, and internationally.

Full company description

Froch Enterprise Co., Ltd. manufactures, sells, and exports stainless steel tubes and pipes in Asia, Europe, the Middle East, the Americas, and internationally. The company offers stainless steel pipes, large diameter stainless steel pipes, mechanical tubes, equal leg angle bars, square and rectangular tubes, sanitary tubes, inside polished pipes, coated pipes, sheets, plates, and coils; stainless steel tubes for boilers and heat-exchangers; and stainless-steel light gauge tubes for general services. It also manufactures and sells copper tubes and aluminium tubes. The company serves oil and gas, petrochemical, chemical, power utility, pulp and paper, food and beverage, automotive, furniture, construction, electronic, biotech, and other industries. Froch Enterprise Co., Ltd. was founded in 1970 and is headquartered in Douliou City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Froch Enterprise Co Ltd reported revenue of 10.1B TWD in FY2025 versus 15.2B TWD in FY2021, a compound −9.7%/yr. Reported net income was 97.0M TWD in FY2025, compounding −46.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
10.1B TWD
Latest YoY
−18.1%
Avg. revenue growth/yr (3Y) 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.
−14.5%
Avg. revenue growth/yr (5Y) 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.
−0.8%
Avg. revenue growth/yr (23Y) 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.
+6.0%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
−15.7% · in TWD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−17.8%
Dividend yield2.1%
Trend 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.5Y −17.8% vs 10Y −12.0%, flattening
Operating margin (EBIT) 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.2.8% (2020) → 2.2% (2025) · steady
Worst earnings drop193% (2012) (loss year, drop beyond 100%) · in TWD
Revenue −9.7%/yr
FY21 15.2B TWD
FY22 16.2B TWD
FY23 12.9B TWD
FY24 12.4B TWD
FY25 10.1B TWD
Net income −46.7%/yr
FY21 1.2B TWD
FY22 741M TWD
FY23 51.0M TWD
FY24 236M TWD
FY25 97.0M TWD
Character of growth · EPS growth decomposed (2014-2025) −10.6 % p.a.
Revenue per share −0.8 %

of which total revenue −0.6 % · buybacks/dilution −0.2 %

EBIT margin −7.0 %
Tax rate −1.4 %
Residual (interest, one-offs) −1.8 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

2030 screens 92% overvalued. Compare with Nucor Corporation →

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Cite: Fair Value Calculator (2026). "Froch Enterprise Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2030.TW

Peer Group

Steel · 399 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 52 · Above median
Fair Value upside −48% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth −1% · Below median
Dividend yield (TTM) 2.1% · Below median
Debt / equity 0.47× · Higher than 75% of peers

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 67.0× · Pricier than 75% of peers
P/B 0.97× · Cheaper than median
P/S (TTM) 0.47× · Cheaper than median
P/FCF 0.2× · Cheaper than median
EV/EBITDA 11.1× · Pricier than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 13
FUTURE0 · sector 2
PAST14 · sector 16
HEALTH77 · sector 95
DIVIDEND43 · sector 49

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.

None of the checked exposures detected

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Nucor Corporation NUE $250.50 $116.05 −54%
ArcelorMittal S.A MT €64.60 €46.04 −29%
JSW Steel Limited JSWSTEEL ₹1,296 ₹1,119 −14%
Steel Dynamics, Inc STLD $234.67 $127.14 −46%
500228 500228 ₹1,292 ₹1,079 −16%
Tata Steel Limited TATASTEEL ₹188.79 ₹145.39 −23%
Reliance, Inc RS $387.59 $217.81 −44%
Baoshan Iron & Steel Co 600019 ¥5.91 ¥8.07 +37%
POSCO Holdings PKX $63.13 $85.21 +35%
Jindal Steel & Power Limited JINDALSTEL ₹1,114 ₹429.44 −61%

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Frequently asked questions

Is Froch Enterprise Co Ltd (2030) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 12.23 TWD versus a price of 23.45 TWD, about −48% upside (overvalued).
What is the fair value of 2030?
Our model-based fair value for Froch Enterprise Co Ltd is 12.23 TWD (as of Aug 19, 2026), built from audited fundamentals. The current price: 23.45 TWD.
What is the quality score of 2030?
Froch Enterprise Co Ltd has a Quality Score of 52/100. 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 Froch Enterprise Co Ltd (2030)?
Our model-based price target is the fair value of 12.23 TWD (as of Aug 19, 2026) from 23 valuation models. Cautious scenario 11.19 TWD, optimistic scenario 13.85 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Froch Enterprise Co Ltd stock forecast for 2026?
Our models put fair value at 12.23 TWD, about −48% upside versus a price of 23.45 TWD (overvalued). Cautious scenario 11.19 TWD, optimistic scenario 13.85 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Froch Enterprise Co Ltd (2030)?
Froch Enterprise Co Ltd reported trailing-twelve-month revenue of about 10.1B TWD (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 2030?
The net profit margin of Froch Enterprise Co Ltd is about 1.8%, meaning it keeps roughly 1.8% of revenue as net income. Based on the latest reported figures.
Does Froch Enterprise Co Ltd pay a dividend?
Froch Enterprise Co Ltd currently shows a dividend yield of about 2.13% relative to its recent price (as of Aug 19, 2026).
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