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RAC Electric Vehicles Inc (2237) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 4.6B TWD

Price39.90 TWD
Fair Value22.54 TWD
Upside-43.5%
Quality95/100
Evidence: High Range 16.80 TWD – 29.74 TWD

Fair value as of: Jun 24, 2026

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Analysis

RAC Electric Vehicles Inc (2237) currently trades at 39.90 TWD, while our model-based Fair Value estimate is 22.54 TWD — implying the stock looks roughly 43.5% overvalued today. We read business quality at 95/100 (high 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: high).

About the company

RAC Electric Vehicles Inc., together with its subsidiaries, develops, manufactures, and sells electric commercial vehicles in Taiwan. The company offers electric buses. It also engages in battery manufacturing; battery wholesale; automobile and parts manufacturing; retail of automobile and motorcycle parts and accessories; and manufacturing and sales of public transportation systems, such as domestic bus dynamic information management systems and freight fleet management systems. The company was formerly known as formerly known as Rock Kinetic Development Co., Ltd. and changed its name to RAC Electric Vehicles Inc. in August 2009. RAC Electric Vehicles Inc. was founded in 2005 and is based in Taoyuan City, Taiwan.

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Frequently asked questions

Is RAC Electric Vehicles Inc (2237) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 22.54 TWD versus a price of 39.90 TWD — about −44% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 2237?
Our 21-model fair value for RAC Electric Vehicles Inc is 22.54 TWD (as of Jun 24, 2026), built from audited fundamentals. The current price is 39.90 TWD.
What is the quality score of 2237?
RAC Electric Vehicles Inc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

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.