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Pan German Universal Motors Ltd (2247) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 17.8B TWD

PG Pan German Universal Motors Ltd 2247 · TW
Price228.50 TWD
Fair Value271.11 TWD
Upside+18.7%
Quality59/100
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Expensive Growth
Thin margins · 2.7% net margin
Low debt · generates free cash flow
6.55% dividend yield
Ranks above peers (10/14)
Narrow moat 31/100
Evidence: High Range 150.86 TWD – 420.09 TWD Share as image

Fair value as of: Jul 23, 2026

From 23 valuation models · updated 18 days ago

Share price −2.4% over the past month.

A solid business, screening 19% undervalued on our models.

What matters now

  • The model range is unusually wide (150.86 TWD to 420.09 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Our model range runs from 150.86 TWD (bear) to 420.09 TWD (bull), base 271.11 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

345.50 TWD 182.76 TWD Fair Value 271.11 TWD Mar 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 182.76 TWD – 345.50 TWD · fair‑value band 150.86 TWD – 420.09 TWD · the 228.50 TWD price screens below the 271.11 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.

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Analysis

Pan German Universal Motors Ltd (2247) currently trades at 228.50 TWD, while our model-based Fair Value estimate is 271.11 TWD, implying the stock looks roughly 18.7% undervalued today. The Quality Score stands at 59/100 (solid 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.

Over the trailing twelve months, Pan German Universal Motors Ltd generated revenue of 47.3B TWD at a net margin of 2.7%. Revenue declined 31.9% year over year. It earns a return on equity of 10.4%. Net debt stands at 2.4B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 150.86 TWD (bear case) to 420.09 TWD (bull case); at 228.50 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 32% 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 19%, 2247 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 40.22 TWD 54.47 TWD 74.50 TWD 80
Residual Income 145.59 TWD 169.48 TWD 321.88 TWD 76
ROIC Compounder 174.94 TWD 216.71 TWD 267.90 TWD 72
All 23 models by family
DCF Models
FCF DCF 39.53 TWD 55.32 TWD 78.76 TWD 38
Owner Earnings 24.67 TWD 32.89 TWD 45.10 TWD 31
5Y Revenue Exit 141.38 TWD 243.99 TWD 375.69 TWD 39
5Y EBITDA Exit 194.90 TWD 342.06 TWD 512.99 TWD 41
5Y P/E Exit 192.02 TWD 336.78 TWD 487.02 TWD 38
10Y Revenue Exit 97.71 TWD 182.56 TWD 296.95 TWD 36
10Y EBITDA Exit 137.48 TWD 249.90 TWD 399.77 TWD 37
10Y P/E Exit 135.66 TWD 246.27 TWD 380.32 TWD 35
Earnings-Based
Graham-Dodd 124.59 TWD 348.27 TWD 457.95 TWD 54
Lynch FV 70.16 TWD 100.22 TWD 130.29 TWD 50
PEG = 1.0 70.16 TWD 100.22 TWD 130.29 TWD 46
EPV 172.09 TWD 199.36 TWD 223.21 TWD 59
Multiples
P/E Multiple 302.31 TWD 403.09 TWD 503.86 TWD 63
P/S Multiple 233.61 TWD 311.48 TWD 389.34 TWD 58
P/B Multiple 233.61 TWD 311.48 TWD 389.34 TWD 55
EV/EBIT 304.23 TWD 402.81 TWD 501.38 TWD 53
EV/EBITDA 315.87 TWD 418.33 TWD 520.78 TWD 54
EV/Revenue 207.85 TWD 293.28 TWD 378.71 TWD 43
Asset-Based
NCAV (Graham) 79.59 TWD 106.65 TWD 159.18 TWD 50
Growth DCF
Growth DCF 40.22 TWD 54.47 TWD 74.50 TWD 80
Economic Profit
Residual Income 145.59 TWD 169.48 TWD 321.88 TWD 76
ROIC Compounder 174.94 TWD 216.71 TWD 267.90 TWD 72
Growth Earnings
Growth-Adj P/E 240.17 TWD 343.10 TWD 446.02 TWD 68

Widest divergence: Growth Earnings (343.10 TWD) versus Growth DCF (54.47 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 47.3B TWD
Revenue growth (YoY) -31.9%
Net margin 2.7%
Return on equity 10.4%
Free cash flow 226M TWD FY2025
P/E ratio 13.3
More key figures
Operating margin 2.6%
EPS (TTM) 17.63 TWD
Dividend yield 6.6%
EPS growth (YoY) -58.2%
Net debt 2.4B TWD FY2025

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 59 · Market factors (momentum, volatility) 42

Profitability 52
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 82
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

Pan German Universal Motors Ltd. engages in the distribution, trading, repair, and maintenance of automobiles and components in Taiwan. The company also sells, maintains, and repairs luxury cars of BMW, MINI, and Porsche brands. Pan German Universal Motors Ltd. was incorporated in 1979 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pan German Universal Motors Ltd reported revenue of 51.4B TWD in FY2025 versus 42.1B TWD in FY2021, a compound +5.1%/yr. Reported net income was 1.5B TWD in FY2025, compounding +4.5%/yr from FY2021.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
51.4B TWD
Latest YoY
−10.7%
Avg. growth/yr (3Y)
+5.3%
Avg. growth/yr (5Y)
+5.4%
Avg. growth/yr (10Y)
+3.5%
Revenue +5.1%/yr
FY21 42.1B TWD
FY22 44.1B TWD
FY23 50.8B TWD
FY24 57.6B TWD
FY25 51.4B TWD
Net income +4.5%/yr
FY21 1.2B TWD
FY22 1.5B TWD
FY23 1.8B TWD
FY24 1.9B TWD
FY25 1.5B TWD

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Cite: Fair Value Calculator (2026). "Pan German Universal Motors Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2247

Peer Group

Auto & Truck Dealerships · 102 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 59 · Above median
Fair Value upside +19% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth -32% · Bottom 25%
Dividend yield (TTM) 6.6% · Top 25%
Debt / equity 0.15× · Lower than median

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

P/E (TTM) 14.6× · Cheaper than median
P/B 1.38× · Cheaper than median
P/S (TTM) 0.38× · Pricier than median
P/FCF 2.4× · Cheaper than median
EV/EBITDA 8.2× · 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 58 · sector 21
FUTURE 0 · sector 9
PAST 42 · sector 20
HEALTH 92 · sector 89
DIVIDEND 100 · sector 49

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 23, 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%
Hotai Motor Co 2207 476.50 TWD 576.75 TWD +21%
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%

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Frequently asked questions

Is Pan German Universal Motors Ltd (2247) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 271.11 TWD versus a price of 228.50 TWD, about +19% (undervalued).
What is the fair value of 2247?
Our model-based fair value for Pan German Universal Motors Ltd is 271.11 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 228.50 TWD.
What is the quality score of 2247?
Pan German Universal Motors Ltd has a Quality Score of 59/100. 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 Pan German Universal Motors Ltd (2247)?
Pan German Universal Motors Ltd reported trailing-twelve-month revenue of about 47.3B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 2247?
The net profit margin of Pan German Universal Motors Ltd is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.
Does Pan German Universal Motors Ltd pay a dividend?
Pan German Universal Motors Ltd currently shows a dividend yield of about 6.55% 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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