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Sunspring Metal Corporation (2062) Fair Value & Analysis

Industrials · TW · Market cap 3.8B TWD

SM Sunspring Metal Corporation 2062 · TW
Price18.75 TWD
Fair Value7.46 TWD
Upside-60.2%
Quality54/100
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Weak Growth
Thin margins · 0.6% net margin
Low debt · generates free cash flow
5.31% dividend yield
Mixed vs. peers (7/14)
Narrow moat 26/100
Evidence: High Range 6.20 TWD – 9.32 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Share price −2.8% over the past month.

A solid business, but screening 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (9.32 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

41.85 TWD 18.20 TWD Fair Value 7.46 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 18.20 TWD – 41.85 TWD · fair‑value band 6.20 TWD – 9.32 TWD · the 18.75 TWD price screens above the 7.46 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

Sunspring Metal Corporation (2062) currently trades at 18.75 TWD, while our model-based Fair Value estimate is 7.46 TWD, implying the stock looks roughly 60.2% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Industrials 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: high).

Over the trailing twelve months, Sunspring Metal Corporation generated revenue of 6.4B TWD at a net margin of 0.6%. Revenue grew 7.0% year over year. It earns a return on equity of 0.5%. Net debt stands at 1.1B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 6.20 TWD (bear case) to 9.32 TWD (bull case); at 18.75 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 29% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at -60%, 2062 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 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
Growth DCF 55.32 TWD 72.66 TWD 102.07 TWD 80
Residual Income 25.79 TWD 24.23 TWD 17.38 TWD 76
Rev-Margin DCF 24.37 TWD 28.19 TWD 33.75 TWD 74
All 24 models by family
DCF Models
FCF DCF 53.25 TWD 71.20 TWD 104.27 TWD 38
Owner Earnings 33.15 TWD 44.00 TWD 64.00 TWD 31
5Y Revenue Exit 24.37 TWD 26.97 TWD 30.73 TWD 39
5Y EBITDA Exit 41.49 TWD 56.42 TWD 76.46 TWD 41
5Y P/E Exit 25.78 TWD 29.40 TWD 34.02 TWD 38
10Y Revenue Exit 35.58 TWD 38.81 TWD 41.60 TWD 36
10Y EBITDA Exit 45.86 TWD 56.94 TWD 68.57 TWD 37
10Y P/E Exit 36.51 TWD 40.31 TWD 43.54 TWD 35
Earnings-Based
Graham-Dodd 2.68 TWD 3.59 TWD 4.14 TWD 54
EPV 4.18 TWD 4.46 TWD 4.70 TWD 59
Dividend Discount
Gordon GGM 15.81 TWD 17.23 TWD 19.38 TWD 70
DDM Multi-Stage 15.81 TWD 19.88 TWD 25.20 TWD 61
Multiples
P/E Multiple 6.20 TWD 8.27 TWD 10.33 TWD 63
P/S Multiple 5.02 TWD 6.69 TWD 8.37 TWD 58
P/B Multiple 5.02 TWD 6.69 TWD 8.37 TWD 55
EV/EBIT 6.94 TWD 8.45 TWD 9.96 TWD 53
EV/EBITDA 38.95 TWD 51.13 TWD 63.32 TWD 54
EV/Revenue 5.64 TWD 7.03 TWD 8.41 TWD 43
Asset-Based
NCAV (Graham) 19.02 TWD 25.49 TWD 38.04 TWD 50
Growth DCF
Growth DCF 55.32 TWD 72.66 TWD 102.07 TWD 80
Rev-Margin DCF 24.37 TWD 28.19 TWD 33.75 TWD 74
Economic Profit
Residual Income 25.79 TWD 24.23 TWD 17.38 TWD 76
ROIC Compounder 4.18 TWD 4.46 TWD 4.70 TWD 72
Growth Earnings
Growth-Adj P/E 4.38 TWD 6.26 TWD 8.13 TWD 68

Widest divergence: DCF Models (40.31 TWD) versus Earnings-Based (3.59 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 6.4B TWD
Revenue growth (YoY) +7.0%
Net margin 0.6%
Return on equity 0.5%
Free cash flow 1.1B TWD FY2025
P/E ratio 48.5
More key figures
Operating margin 2.3%
EPS (TTM) 0.3900 TWD
Dividend yield 5.3%
EPS growth (YoY) -98.8%
Net debt 1.1B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 38

Profitability 21
Margins and returns on capital today
Quality Growth 2
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 81
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

Sunspring Metal Corporation manufactures, processes, and sells water pipe switch fittings, gate valves, cocks, copper pipe fittings, and water sanitation equipment in Taiwan and internationally.

Full company description

Sunspring Metal Corporation manufactures, processes, and sells water pipe switch fittings, gate valves, cocks, copper pipe fittings, and water sanitation equipment in Taiwan and internationally. The company is involved in the manufacture and sale of sanitary and building materials, metal molds, and hardware parts; installation and sale of automatic control equipment; and international investment business. It serves various industries, such as hardware, automotive, kitchen and bath plumbing, communication equipment, and other related industries. The company was founded in 1973 and is headquartered in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sunspring Metal Corporation reported revenue of 6.3B TWD in FY2025 versus 9.6B TWD in FY2021, a compound −10.1%/yr. Reported net income was 78.7M TWD in FY2025, compounding −34.8%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
6.3B TWD
Latest YoY
−17.0%
Avg. 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.
−8.6%
Avg. 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.
−2.8%
Avg. growth/yr (19Y) 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.
+2.3%
Revenue −10.1%/yr
FY21 9.6B TWD
FY22 8.2B TWD
FY23 7.6B TWD
FY24 7.6B TWD
FY25 6.3B TWD
Net income −34.8%/yr
FY21 436M TWD
FY22 737M TWD
FY23 315M TWD
FY24 545M TWD
FY25 78.7M TWD
Character of growth · EPS growth decomposed (2014-2025) −9.8 % p.a.
Revenue per share −0.7 pp

of which total revenue +1.3 pp · buybacks/dilution −2.0 pp

EBIT margin −10.6 pp
Tax rate +0.5 pp
Residual (interest, one-offs) +0.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

2062 screens 60% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Sunspring Metal Corporation Fair Value". https://www.fairvalue-calculator.com/stock/2062

Peer Group

Building Products & Equipment · 247 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 54 · Below median
Fair Value upside −60% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 0% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 7% · Above median
Dividend yield (TTM) 5.3% · Top 25%
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 48.5× · Pricier than 75% of peers
P/B 0.50× · Cheaper than median
P/S (TTM) 0.59× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 4.9× · Cheaper than 75% of peers

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 · sector 3
FUTURE 35 · sector 9
PAST 2 · sector 23
HEALTH 96 · sector 94
DIVIDEND 100 · sector 28

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is Sunspring Metal Corporation (2062) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 7.46 TWD versus a price of 18.75 TWD, about −60% (overvalued).
What is the fair value of 2062?
Our model-based fair value for Sunspring Metal Corporation is 7.46 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 18.75 TWD.
What is the quality score of 2062?
Sunspring Metal Corporation has a Quality Score of 54/100. 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 Sunspring Metal Corporation (2062)?
Sunspring Metal Corporation reported trailing-twelve-month revenue of about 6.4B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 2062?
The net profit margin of Sunspring Metal Corporation is about 0.6%, meaning it keeps roughly 0.6% of revenue as net income. Based on the latest reported figures.
Does Sunspring Metal Corporation pay a dividend?
Sunspring Metal Corporation currently shows a dividend yield of about 5.32% relative to its recent price (as of Jul 21, 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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