Iron Force Industrial Co (2228) Fair Value & Analysis
Consumer Cyclical · TW · Market cap 6.8B TWD
Fair value as of: Jun 24, 2026
Analysis
Iron Force Industrial Co (2228) currently trades at 87.70 TWD, while our model-based Fair Value estimate is 106.81 TWD — implying the stock looks roughly 21.8% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
About the company
Iron Force Industrial Co., Ltd., together with its subsidiaries, manufactures and trades in airbag inflators for automotive safety systems in Taiwan, Mainland China, and Europe. Its auto parts include airbag inflators and precision metal parts for automotive safety systems; steering columns/shafts and diesel engine cooling pipes; high precision metal tubes for seatbelt retractor/pre-tensioner systems; designing and building in house automated machines; and special surface treatments, as well as related components. The company provides OEM and ODM of customized store display fixtures, display systems design, and retail store design. In addition, it offers clothes hangers, logistic services, and mannequins, as well as trading of display fixtures and other metal parts. Iron Force Industrial Co., Ltd. was incorporated in 1977 and is headquartered in New Taipei City, Taiwan.
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.