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Tachia Yung Ho Machine Industry Co (2221) Fair Value & Analysis

Basic Materials · TW · Market cap 2.2B TWD

TY Tachia Yung Ho Machine Industry Co 2221 · TWO
Price49.00 TWD
Fair Value48.50 TWD
Upside-1.0%
Quality69/100
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Mixed Growth
Thin margins · 7.1% net margin
Low debt · generates free cash flow
2.91% dividend yield
Ranks above peers (9/14)
Narrow moat 44/100
Evidence: Medium Range 36.37 TWD – 60.62 TWD Share as image

Fair value as of: Jul 23, 2026

From 25 valuation models · updated 18 days ago

Share price +6.6% over the past month.

A solid business, 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.
  • Our model range runs from 36.37 TWD (bear) to 60.62 TWD (bull), base 48.50 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 69/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

58.40 TWD 16.30 TWD Fair Value 48.50 TWD Feb 2021 Aug 2026

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 16.30 TWD – 58.40 TWD · fair‑value band 36.37 TWD – 60.62 TWD · the 49.00 TWD price screens above the 48.50 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

Tachia Yung Ho Machine Industry Co (2221) currently trades at 49.00 TWD, while our model-based Fair Value estimate is 48.50 TWD, implying the stock looks roughly 1.0% fairly valued today. The Quality Score stands at 69/100 (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: medium).

Over the trailing twelve months, Tachia Yung Ho Machine Industry Co generated revenue of 1.4B TWD at a net margin of 7.1%. Revenue grew 14.8% year over year. It earns a return on equity of 9.2%. Net debt stands at 5.6M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 36.37 TWD (bear case) to 60.62 TWD (bull case); at 49.00 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 near its 52-week high and 89% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at -1%, 2221 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 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 54.72 TWD 73.52 TWD 98.40 TWD 80
Residual Income 21.45 TWD 23.36 TWD 29.11 TWD 76
Rev-Margin DCF 41.31 TWD 57.15 TWD 74.62 TWD 74
All 25 models by family
DCF Models
FCF DCF 53.66 TWD 74.30 TWD 102.99 TWD 38
Owner Earnings 31.05 TWD 41.69 TWD 56.48 TWD 31
5Y Revenue Exit 41.31 TWD 56.52 TWD 75.06 TWD 39
5Y EBITDA Exit 46.97 TWD 66.69 TWD 88.72 TWD 41
5Y P/E Exit 44.42 TWD 62.11 TWD 79.79 TWD 38
10Y Revenue Exit 44.83 TWD 59.22 TWD 76.87 TWD 36
10Y EBITDA Exit 49.10 TWD 65.99 TWD 86.71 TWD 37
10Y P/E Exit 47.54 TWD 62.94 TWD 80.27 TWD 35
Earnings-Based
Graham-Dodd 15.70 TWD 39.92 TWD 51.91 TWD 54
PEG = 1.0 7.42 TWD 10.60 TWD 13.78 TWD 46
EPV 28.95 TWD 32.42 TWD 35.41 TWD 59
Dividend Discount
Gordon GGM 11.42 TWD 21.21 TWD 34.16 TWD 70
DDM Multi-Stage 11.42 TWD 17.10 TWD 22.99 TWD 61
Multiples
P/E Multiple 36.37 TWD 48.50 TWD 60.62 TWD 63
P/S Multiple 29.45 TWD 39.26 TWD 49.08 TWD 58
P/B Multiple 29.45 TWD 39.26 TWD 49.08 TWD 55
EV/EBIT 47.18 TWD 60.58 TWD 73.97 TWD 53
EV/EBITDA 47.98 TWD 61.65 TWD 75.31 TWD 54
EV/Revenue 35.68 TWD 47.97 TWD 60.26 TWD 43
Asset-Based
NCAV (Graham) 12.61 TWD 16.89 TWD 25.22 TWD 50
Growth DCF
Growth DCF 54.72 TWD 73.52 TWD 98.40 TWD 80
Rev-Margin DCF 41.31 TWD 57.15 TWD 74.62 TWD 74
Economic Profit
Residual Income 21.45 TWD 23.36 TWD 29.11 TWD 76
ROIC Compounder 29.54 TWD 34.62 TWD 40.42 TWD 72
Growth Earnings
Growth-Adj P/E 28.17 TWD 40.25 TWD 52.32 TWD 68

Widest divergence: DCF Models (62.11 TWD) versus Asset-Based (16.89 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.4B TWD
Revenue growth (YoY) +14.8%
Net margin 7.1%
Return on equity 9.2%
Free cash flow 192M TWD FY2025
P/E ratio 18.8
More key figures
Operating margin 10.2%
EPS (TTM) 2.29 TWD
Dividend yield 3.5%
EPS growth (YoY) +6.0%
Net debt 5.6M TWD FY2024

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 69 · Market factors (momentum, volatility) 86

Profitability 42
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 99
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 83
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

Tachia Yung Ho Machine Industry Co., Ltd. engages in the manufacture and sale of butt-welding pipe fittings and high purity components in Taiwan.

Full company description

Tachia Yung Ho Machine Industry Co., Ltd. engages in the manufacture and sale of butt-welding pipe fittings and high purity components in Taiwan. It offers butt-welding pipe fittings, such as elbows, tees, reducers, caps, stub ends, etc.; and UHP components, including high purity pipes and pipe fittings, metal gasket face seal fittings, micro butt-welding fittings, lok-DJR compression fittings, UHP CGA/DISS fittings, high purity ball valves, VMB/VMP systems, special chemical storage tank, equipment welding assembly, precision parts processing, electrolytic polishing, and OEM/ODM products. The company's butt-welding pipe fittings are used in the areas of petrochemical, ship building, food, sugar making, paper production, chemical engineering, agricultural chemical, dyeing, synthetic fibers, liquid chemical, gas, industries piping, construction drainage pipe fitting, etc.; and UHP components have applications in the areas of semiconductor, LCD-TFT, solar energy, LED, food industry, chemical piping, gas, liquid, construction pipe fitting, etc. It also exports its products. The company was formerly known as Tachia Yung Ho Machine Industry Limited Company and changed its name to Tachia Yung Ho Machine Industry Co., Ltd. in 1977. Tachia Yung Ho Machine Industry Co., Ltd. was founded in 1943 and is based in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tachia Yung Ho Machine Industry Co reported revenue of 1.4B TWD in FY2025 versus 1.7B TWD in FY2021, a compound −5.3%/yr. Reported net income was 97.7M TWD in FY2025, compounding −14.3%/yr from FY2021.

Growth Quality 64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.4B TWD
Latest YoY
−3.0%
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.
−7.9%
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.
+5.7%
Avg. growth/yr (22Y) 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.
+7.2%
Revenue −5.3%/yr
FY21 1.7B TWD
FY22 1.7B TWD
FY23 1.5B TWD
FY24 1.4B TWD
FY25 1.4B TWD
Net income −14.3%/yr
FY21 181M TWD
FY22 268M TWD
FY23 86.6M TWD
FY24 85.7M TWD
FY25 97.7M TWD

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Cite: Fair Value Calculator (2026). "Tachia Yung Ho Machine Industry Co Fair Value". https://www.fairvalue-calculator.com/stock/2221

Peer Group

Steel · 378 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 69 · Top 25%
Fair Value upside −1% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 10% · Top 25%
Revenue growth 15% · Top 25%
Dividend yield (TTM) 2.9% · Above median
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 22.2× · Pricier than median
P/B 2.02× · Pricier than 75% of peers
P/S (TTM) 1.53× · Pricier than 75% of peers
P/FCF 0.3× · Cheaper than median
EV/EBITDA 10.7× · Pricier 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 32 · sector 19
FUTURE 74 · sector 4
PAST 37 · sector 15
HEALTH 93 · sector 95
DIVIDEND 58 · sector 41

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 Steel stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is Tachia Yung Ho Machine Industry Co (2221) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 48.50 TWD versus a price of 49.00 TWD, about −1% (fairly valued).
What is the fair value of 2221?
Our model-based fair value for Tachia Yung Ho Machine Industry Co is 48.50 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 49.00 TWD.
What is the quality score of 2221?
Tachia Yung Ho Machine Industry Co has a Quality Score of 69/100. 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 Tachia Yung Ho Machine Industry Co (2221)?
Tachia Yung Ho Machine Industry Co reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 2221?
The net profit margin of Tachia Yung Ho Machine Industry Co is about 7.1%, meaning it keeps roughly 7.1% of revenue as net income. Based on the latest reported figures.
Does Tachia Yung Ho Machine Industry Co pay a dividend?
Tachia Yung Ho Machine Industry Co currently shows a dividend yield of about 3.51% relative to its recent price (as of Jul 23, 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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