Formosan Rubber Group (2107) Fair Value & Analysis
Basic Materials · TW · Market cap 7.8B TWD
Fair value as of: Jul 23, 2026
From 22 valuation models · updated 18 days ago
Share price −0.6% over the past month.
A solid business, but screening 15% overvalued on our models.
What matters now
- A fairly wide model range (15.19 TWD to 28.09 TWD) leaves room in how you read the outcome.
- Our model range runs from 15.19 TWD (bear) to 28.09 TWD (bull), base 21.70 TWD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 70/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.
How to read this chart
60‑month range 17.79 TWD – 28.25 TWD · fair‑value band 15.19 TWD – 28.09 TWD · the 25.45 TWD price screens above the 21.70 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
Formosan Rubber Group (2107) currently trades at 25.45 TWD, while our model-based Fair Value estimate is 21.70 TWD, implying the stock looks roughly 14.7% overvalued today. The Quality Score stands at 70/100 (solid 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: high).
Over the trailing twelve months, Formosan Rubber Group generated revenue of 1.4B TWD at a net margin of 35.2%. Revenue grew 22.1% year over year. It earns a return on equity of 3.8%. The balance sheet holds a net cash position of 121M TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 15.19 TWD (bear case) to 28.09 TWD (bull case); at 25.45 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 about 4% below its 52-week high and 10% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -15%, 2107 screens cheaper 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.
All 22 models by family
Widest divergence: Asset-Based (29.76 TWD) versus Earnings-Based (11.14 TWD). Highest evidence: Growth DCF (80).
Notify me when 2107 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 68 · Market factors (momentum, volatility) 62
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
Formosan Rubber Group Inc., together with its subsidiaries, manufactures and sells rubber and plastic sheets, plastic foam, resin sheets, and related materials.
Full company description
Formosan Rubber Group Inc., together with its subsidiaries, manufactures and sells rubber and plastic sheets, plastic foam, resin sheets, and related materials. The company offers manufacturing and selling products including plastic raincoat material, clip fabric, air beds, polyvinyl chloride rubber, automotive parts, rubber boat material, rubber tape, rubber foam bag fabric, rubber air beds, rubber space bags, polyurethane inflatable beds, and inflatable boat fabric; environmental protection equipment; electronic (IC) products; silicone rubber, resin, oil, sealant, and resin materials; as well as laminated, PU lamination, PU coating, green plastic, and PVC products. It is also involved in the development of residential and commercial buildings for renting and selling; real estate investment and rental, as well as the sale of premises; and warehouse, logistics, and rental and leasing businesses. In addition, the company is involved in operations of cinemas, department stores, and supermarkets. The company products are used in various applications, including functional garments and fabrics, healthcare, industrial and safety products, inflatable products, and optical electronic materials, as well as for use in shoes, and bags and luggage products. It has operations in Taiwan, Europe, Asia, North America, and internationally. The company was founded in 1952 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Formosan Rubber Group reported revenue of 1.4B TWD in FY2025 versus 2.8B TWD in FY2021, a compound −15.2%/yr. Reported net income was 508M TWD in FY2025, compounding −10.1%/yr from FY2021.
of which total revenue −8.5 pp · buybacks/dilution +4.5 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).
2107 screens 15% overvalued. Compare with Linde plc →
Peer Group
Specialty Chemicals · 673 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.
Valuation Multiples vs Specialty Chemicals median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $489.98 | $222.03 | -55% |
| Nan Ya Plastics Corporation 1303 | 181.50 TWD | 255.83 TWD | +41% |
| Wanhua Chemical Group 600309 | ¥70.04 | ¥68.03 | -3% |
| Novozymes A/S NSISB | kr 428.20 | kr 179.66 | -58% |
| Asian Paints Limited ASIANPAINT | ₹2,689 | ₹668.81 | -75% |
| Solar Industries India Limited SOLARINDS | ₹18,236 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,560 | ₹351.84 | -77% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
| Linde India Limited LINDEINDIA | ₹7,115 | ₹757.93 | -89% |
| Berger Paints India Limited BERGEPAINT | ₹493.70 | ₹164.29 | -67% |
Compare Formosan Rubber Group with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Frequently asked questions
Is Formosan Rubber Group (2107) overvalued or undervalued?
What is the fair value of 2107?
What is the quality score of 2107?
What is the revenue of Formosan Rubber Group (2107)?
What is the net profit margin of 2107?
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.
Track Formosan Rubber Group and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.