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Hotai Motor Co (2207) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 265B TWD

HM Hotai Motor Co 2207 · TW
Price516.00 TWD
Fair Value490.24 TWD
Upside-5.0%
Quality40/100
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Healthy Growth
Thin margins · 6.9% net margin
Low debt · generates free cash flow
4.16% dividend yield
Ranks above peers (11/15)
Moderate moat 51/100
Evidence: Medium Range 367.68 TWD – 730.27 TWD Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 27 days ago

Share price +7.4% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (367.68 TWD to 730.27 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

862.59 TWD 453.67 TWD Fair Value 490.24 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 453.67 TWD – 862.59 TWD · fair‑value band 367.68 TWD – 730.27 TWD · the 516.00 TWD price screens above the 490.24 TWD fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Hotai Motor Co (2207) currently trades at 516.00 TWD, while our model-based Fair Value estimate is 490.24 TWD, implying the stock looks roughly 5.0% fairly valued today. We read business quality at 40/100 (below-average quality), in the Consumer Cyclical 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, Hotai Motor Co generated revenue of 280B TWD at a net margin of 6.9%. Revenue declined 2.4% year over year. It earns a return on equity of 20.7%. Net debt stands at 291B TWD. Fundamentals as of Jul 11, 2026

Our scenario range runs from 367.68 TWD (bear case) to 730.27 TWD (bull case); at 516.00 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 18% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -14% fair-value upside, at -5%, 2207 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 548.69 TWD 822.26 TWD 1,236 TWD 80
Residual Income 220.47 TWD 274.61 TWD 905.42 TWD 76
Rev-Margin DCF 511.62 TWD 807.17 TWD 1,148 TWD 74
All 26 models by family
DCF Models
FCF DCF 538.24 TWD 845.59 TWD 1,340 TWD 38
Owner Earnings 215.59 TWD 328.83 TWD 510.88 TWD 31
5Y Revenue Exit 511.62 TWD 807.26 TWD 1,185 TWD 39
5Y EBITDA Exit 665.05 TWD 1,095 TWD 1,599 TWD 41
5Y P/E Exit 500.43 TWD 786.26 TWD 1,085 TWD 38
10Y Revenue Exit 500.66 TWD 777.55 TWD 1,150 TWD 36
10Y EBITDA Exit 616.58 TWD 982.38 TWD 1,474 TWD 37
10Y P/E Exit 509.11 TWD 762.62 TWD 1,072 TWD 35
Earnings-Based
Graham-Dodd 230.70 TWD 727.14 TWD 968.28 TWD 54
Lynch FV 159.35 TWD 227.65 TWD 295.94 TWD 50
PEG = 1.0 159.35 TWD 227.65 TWD 295.94 TWD 46
EPV 479.71 TWD 559.54 TWD 630.49 TWD 59
Dividend Discount
Gordon GGM 192.38 TWD 420.00 TWD 706.67 TWD 70
DDM Multi-Stage 192.38 TWD 326.21 TWD 437.71 TWD 61
Multiples
P/E Multiple 508.89 TWD 678.53 TWD 848.16 TWD 63
P/S Multiple 432.56 TWD 576.75 TWD 720.93 TWD 58
P/B Multiple 347.97 TWD 463.96 TWD 579.95 TWD 55
EV/EBIT 758.04 TWD 1,002 TWD 1,245 TWD 53
EV/EBITDA 813.16 TWD 1,075 TWD 1,337 TWD 54
EV/Revenue 519.89 TWD 730.97 TWD 942.06 TWD 43
Asset-Based
NCAV (Graham) 77.33 TWD 103.62 TWD 154.65 TWD 50
Growth DCF
Growth DCF 548.69 TWD 822.26 TWD 1,236 TWD 80
Rev-Margin DCF 511.62 TWD 807.17 TWD 1,148 TWD 74
Economic Profit
Residual Income 220.47 TWD 274.61 TWD 905.42 TWD 76
ROIC Compounder 508.35 TWD 629.94 TWD 765.28 TWD 72
Growth Earnings
Growth-Adj P/E 424.90 TWD 607.00 TWD 789.10 TWD 68

Widest divergence: Growth DCF (807.17 TWD) versus Asset-Based (103.62 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 280B TWD
Revenue growth (YoY) -2.4%
Net margin 6.9%
Return on equity 20.7%
Free cash flow 23.7B TWD FY2025
P/E ratio 14.1
More key figures
Operating margin 13.0%
EPS (TTM) 33.88 TWD
Dividend yield 4.2%
EPS growth (YoY) +11.4%
Net debt 291B TWD FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 36 · Market factors (momentum, volatility) 47

Profitability 40
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 14
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

Hotai Motor Co.,Ltd., together with its subsidiaries, exports and imports, trades, and sells vehicles, automobile air conditioners, and related parts in Taiwan and Mainland China.

Full company description

Hotai Motor Co.,Ltd., together with its subsidiaries, exports and imports, trades, and sells vehicles, automobile air conditioners, and related parts in Taiwan and Mainland China. It is also involved in the installment sales and vehicle leasing, used vehicles selling, property and casualty insurance, trading of vehicle products/accessories, solar power, energy storage, and vehicle repairing activities, electronic parts and components manufacturing, as well as property management business. In addition, the company provides e-commerce platform services, decision making, capital using and financial management, information, taxi, employee training, consulting, factoring, freight forwarding, transportation and storage, and other services; and designs and produces advertisement. It provides products under the TOYOTA, LEXUS, and HINO brands. Hotai Motor Co.,Ltd. was incorporated in 1947 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hotai Motor Co reported revenue of 278B TWD in FY2025 versus 228B TWD in FY2021, a compound +5.1%/yr. Reported net income was 18.9B TWD in FY2025, compounding +3.9%/yr from FY2021.

Growth Quality 71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
278B TWD
Latest YoY
+8.6%
Avg. growth/yr (3Y)
+7.3%
Avg. growth/yr (5Y)
+3.7%
Avg. growth/yr (25Y)
+6.4%
Revenue +5.1%/yr
FY21 228B TWD
FY22 225B TWD
FY23 275B TWD
FY24 256B TWD
FY25 278B TWD
Net income +3.9%/yr
FY21 16.2B TWD
FY22 −15.7B TWD
FY23 22.9B TWD
FY24 20.5B TWD
FY25 18.9B TWD

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Cite: Fair Value Calculator (2026). "Hotai Motor Co Fair Value". https://www.fairvalue-calculator.com/stock/2207

Peer Group

Auto & Truck Dealerships · 103 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 40 · Below median
Fair Value upside −5% · Above median
Return on equity (TTM) 21% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth -2% · Below median
Dividend yield (TTM) 4.2% · Above median
Debt / equity 0.10× · Lower than median

Valuation Multiples vs Auto & Truck Dealerships median · lower = cheaper

P/E (TTM) 14.1× · Cheaper than median
P/B 3.08× · Pricier than 75% of peers
P/S (TTM) 0.95× · Pricier than 75% of peers
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 5.1× · Cheaper than median
PEG 0.80× · 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 27 · sector 23
FUTURE 0 · sector 8
PAST 83 · sector 20
HEALTH 95 · sector 90
DIVIDEND 83 · sector 51

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 Auto & Truck Dealerships stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Carvana Co CVNA $70.38 $24.58 -65%
Penske Automotive Group PAG $202.66 $241.86 +19%
CarMax, Inc KMX $58.47 $29.62 -49%
Lithia Motors, Inc LAD $339.16 $610.95 +80%
AutoNation, Inc AN $205.72 $329.77 +60%
Rush Enterprises, Inc RUSHA $76.89 $66.27 -14%
Valvoline Inc VVV $38.64 $24.57 -36%
OPENLANE, Inc OPLN $39.46 $33.81 -14%
Eagers Automotive Limited APE A$20.83 A$17.66 -15%
Asbury Automotive Group ABG $211.97 $449.22 +112%

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Frequently asked questions

Is Hotai Motor Co (2207) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 490.24 TWD versus a price of 516.00 TWD, about −5% (fairly valued).
What is the fair value of 2207?
Our model-based fair value for Hotai Motor Co is 490.24 TWD (as of Jul 11, 2026), built from audited fundamentals. The current price is 516.00 TWD.
What is the quality score of 2207?
Hotai Motor Co has a Quality Score of 40/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Hotai Motor Co (2207)?
Hotai Motor Co reported trailing-twelve-month revenue of about 280B TWD (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 2207?
The net profit margin of Hotai Motor Co is about 6.9%, meaning it keeps roughly 6.9% of revenue as net income. Based on the latest reported figures.
Does Hotai Motor Co pay a dividend?
Hotai Motor Co currently shows a dividend yield of about 4.16% relative to its recent price (as of Jul 11, 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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