YC Inox Co Ltd (2034) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of YC Inox Co Ltd stock TWD 6.92, price TWD 22.50, that is 69.2% below the price, quality 38 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 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 3, 2026.
How to read this chart
60‑month range 18.40 TWD – 38.57 TWD · fair‑value band 5.18 TWD – 8.64 TWD · the 22.50 TWD price screens above the 6.92 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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YC Inox Co.,Ltd manufactures, processes and trades stainless-steel products in Asia, Europe, the United States, and internationally. The company operates through Stainless Steel Pipes, Stainless Steel Sheets (Coils) and Others.
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The company offers stainless steel pipes, stainless steel sheets and coils. It provides stainless plates, flat bars, angels, u-channels, checker plates, and welded pipes and tubes. In addition, the company is involved in the provision of agency services and international trading.
The company was formerly known as Yeun Chyang Industrial Co., Ltd. and changed its name to YC Inox Co., Ltd. in July 2012. The company was incorporated in 1973 and is headquartered in Changhua, Taiwan.
Stock analysis
YC Inox Co Ltd (2034) currently trades at 22.50 TWD, while our model-based Fair Value estimate is 6.92 TWD, 69% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 12.25 TWD per share, and 1 of the 9 models we run sit above the 22.50 TWD price.
Bear case: the Earnings-Based group reads lowest at 1.69 TWD, and 8 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: 5.18 TWD (bear) to 8.64 TWD (bull), the price of 22.50 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 38/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
YC Inox Co Ltd reported revenue of 12.5B TWD in FY2025 versus 17.8B TWD in FY2021, a compound −8.4%/yr. Reported net income was 108M TWD in FY2025, compounding −45.9%/yr from FY2021.
Key figures
Market cap 11.7B TWD (≈ $357M) Small · P/E ratio 56.3 · P/S ratio 0.99 · EPS (TTM) 0.4000 TWD · Dividend yield 4.4% · Net margin 1.9% · Return on equity 2.5% · Return on assets (EBIT) 3.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (medium confidence).
What moves the price
The share trades about 9% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at −69%, 2034 screens richer than that median.
Fair Value models
Bear5.18 TWDFair Value 6.92 TWDBull8.64 TWD
Price 22.50 TWD · Downside -69.2%
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.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.
Best data coverage
Residual Income11.01 TWD11.47 TWD12.18 TWD76
Gordon GGM8.12 TWD8.80 TWD9.81 TWD69
Graham-Dodd1.38 TWD1.69 TWD1.90 TWD67
All 9 models by family
Earnings-Based
Graham-Dodd1.38 TWD1.69 TWD1.90 TWD67
Dividend Discount
Gordon GGM8.12 TWD8.80 TWD9.81 TWD69
DDM Multi-Stage8.12 TWD9.82 TWD12.07 TWD67
Multiples
P/E Multiple2.59 TWD3.46 TWD4.32 TWD63
P/S Multiple2.59 TWD3.46 TWD4.32 TWD58
P/B Multiple19.17 TWD25.56 TWD31.96 TWD55
Asset-Based
NCAV (Graham)9.15 TWD12.25 TWD18.29 TWD54
Economic Profit
Residual Income11.01 TWD11.47 TWD12.18 TWD76
Growth Earnings
Growth-Adj P/E1.85 TWD2.64 TWD3.43 TWD67
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−13.6%
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.
−9.4%
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.
−0.3%
Start year 2020 (pandemic). Over 10 years: −3.7% 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.
+6.3%
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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.
−28.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−32.6%
Dividend (yield on the price)4.4%
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.−32.6% vs −19.8%, 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% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 6.2%/yr over ~10Y (margins eroding too) ⓘ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.
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.Steel · 410 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside−69.2% · Bottom 25%
Profitability
Return on equity (12 months)2.5% · Below median
Return on assets0.5% · Below median
Net margin (12 months)1.9% · Below median
Operating margin (12 months)4.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)4.0% · Below median
Dividend yield (12 months)4.4% · Top 25%
Balance sheet
Debt / equity0.39× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
P/E (12 months)56.3× · Priciest 25%
P/B1.21× · Pricier than median
P/S (12 months)0.99× · Pricier than median
EV/EBITDA15.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)20· sector 38
PAST (return on equity)10· sector 19
HEALTH (low debt)81· sector 95
DIVIDEND (yield)89· sector 52
VALUE 0: the price sits above our fair-value range.
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). "YC Inox Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2034
Frequently asked questions
Is YC Inox Co Ltd (2034) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 6.92 TWD versus a price of 22.50 TWD, about 69% lower (overvalued).
What is the fair value of 2034?
Our model-based fair value for YC Inox Co Ltd is 6.92 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 22.50 TWD.
What is the quality score of 2034?
YC Inox Co Ltd has a Quality Score of 38/100. 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 YC Inox Co Ltd (2034)?
Our model-based price target is the fair value of 6.92 TWD (as of Nov 3, 2026) from 9 valuation models. Cautious scenario 5.18 TWD, optimistic scenario 8.64 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the YC Inox Co Ltd stock forecast for 2026?
Our models put fair value at 6.92 TWD, about 69% lower versus a price of 22.50 TWD (overvalued). Cautious scenario 5.18 TWD, optimistic scenario 8.64 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of YC Inox Co Ltd (2034)?
YC Inox Co Ltd reported trailing-twelve-month revenue of about 11.9B TWD (latest available figure, as of Nov 3, 2026).
Does YC Inox Co Ltd pay a dividend?
YC Inox Co Ltd currently shows a dividend yield of 4.44% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of YC Inox Co Ltd (2034) and when is the ex-dividend date?
YC Inox Co Ltd pays a dividend of 1.00 TWD per share a year, a dividend yield of 4.4%. The last ex-dividend date was Jul 16, 2026. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of YC Inox Co Ltd (2034)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For YC Inox Co Ltd it is 6.92 TWD per share (as of Nov 3, 2026), against a price of 22.50 TWD. It is the blended result of 9 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is YC Inox Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 2034 trades above its calculated fair value: price 22.50 TWD, fair value 6.92 TWD, a gap of about −69% (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 2034?
No. The price is what the market pays today (22.50 TWD); the fair value is what the company's own numbers justify (6.92 TWD). For YC Inox Co Ltd the two are 15.58 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is YC Inox Co Ltd worth?
The market values YC Inox Co Ltd at about 11.7B TWD (market capitalisation, as of Nov 3, 2026). Per share that is 22.50 TWD; our models calculate a fair value of 6.92 TWD per share.
What do the bullish and bearish scenarios say about 2034?
Our models span a range for YC Inox Co Ltd: cautious scenario 5.18 TWD, base 6.92 TWD, optimistic 8.64 TWD per share (as of Nov 3, 2026, price 22.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2034?
YC Inox Co Ltd trades at a price-to-earnings ratio of 56.3 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 6.92 TWD is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 15.9. Other multiples: P/B 1.2, P/S 1.0, EV/EBITDA 15.6.
How solid is the balance sheet of YC Inox Co Ltd (2034)?
Balance-sheet figures for YC Inox Co Ltd (as of Nov 3, 2026): return on equity 2.5%, debt of 0.39 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 2034 from its 52-week high?
YC Inox Co Ltd trades at 22.50 TWD, about 9% below its 52-week high of 24.80 TWD and 22% above the low of 18.40 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 6.92 TWD is for.
Which stocks are comparable to YC Inox Co Ltd?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 YC Inox Co Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price 22.50 TWD, calculated fair value 6.92 TWD (−69%), Quality Score 38/100, from 9 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 2034 calculated?
We run YC Inox Co Ltd through 9 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 6.92 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. YC Inox 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 YC Inox Co Ltd (2034)?
The closing price on Nov 9, 2026 was 22.50 TWD. Our model-based fair value is 6.92 TWD, about 69% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with YC Inox Co Ltd right now?
The price sits above even our optimistic bull case (8.64 TWD). The favourable scenario is already priced in. Weak quality (38/100) 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 YC Inox Co Ltd
How large is the market capitalisation of YC Inox Co Ltd (2034)?
The market capitalisation of YC Inox Co Ltd is 11.7B TWD (≈ $357M). 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 YC Inox Co Ltd (2034)?
The price-to-sales ratio of YC Inox Co Ltd is 0.99 (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 YC Inox Co Ltd (2034)?
Earnings per share at YC Inox Co Ltd are 0.4000 TWD (price ÷ EPS = P/E 56.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of YC Inox Co Ltd (2034)?
The dividend yield of YC Inox Co Ltd is 4.4%. 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 YC Inox Co Ltd (2034)?
The net margin of YC Inox Co Ltd is 1.9% (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 YC Inox Co Ltd (2034)?
The return on equity (ROE) of YC Inox Co Ltd is 2.5% (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 YC Inox Co Ltd (2034)?
On an EBIT basis the return on assets of YC Inox Co Ltd is 3.8% (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 YC Inox Co Ltd (2034)?
The operating margin of YC Inox Co Ltd is 4.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at YC Inox Co Ltd (2034)?
Revenue at YC Inox Co Ltd is growing +4.0% versus a year earlier (3y avg −9.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does YC Inox Co Ltd (2034) generate?
The free cash flow of YC Inox Co Ltd is −651M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does YC Inox Co Ltd (2034) carry?
The net debt of YC Inox Co Ltd is 10.1B TWD (fiscal year 2025). 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 3, 2026