Tatung Co (2371) Fair Value & Analysis

Industrials · TW · Market cap 54.0B TWD

Below-average quality, and screening another 57% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (14.59 TWD). The favourable scenario is already priced in.
• Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
• A fairly wide model range (5.71 TWD to 14.59 TWD) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

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 19.71 TWD – 66.28 TWD · fair‑value band 5.71 TWD – 14.59 TWD · the 25.95 TWD price screens above the 11.18 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Tatung Co (2371) currently trades at 25.95 TWD, while our model-based Fair Value estimate is 11.18 TWD, implying the stock looks roughly 56.9% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Industrials 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, Tatung Co generated revenue of 51.3B TWD at a net margin of -22.4%. Revenue grew 8.9% year over year. It earns a return on equity of -19.0%. Net debt stands at 10.3B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 5.71 TWD (bear case) to 14.59 TWD (bull case); at 25.95 TWD, the current price sits above 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 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -57%, 2371 screens richer 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.

Widest divergence: Multiples (17.27 TWD) versus Earnings-Based (5.56 TWD). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Quality Score breakdown

About the company

Tatung Co., Ltd., through its subsidiaries, provides energy saving and green energy related systems and services in Taiwan, Rest of Asia, Europe, America, and internationally. It operates through Electric power, system integration and new energy; Electronic Manufacturing services; Consumer Electronics; Real Estate; and Other segments.

Full company description

Tatung Co., Ltd., through its subsidiaries, provides energy saving and green energy related systems and services in Taiwan, Rest of Asia, Europe, America, and internationally. It operates through Electric power, system integration and new energy; Electronic Manufacturing services; Consumer Electronics; Real Estate; and Other segments. The Electric Power and New Energy segment develops, manufactures, and sells related components, intelligent grids, smart grid portals, photovoltaics, motors, machinery, energy control, green investment, and miscellaneous systems. Its Electronic Manufacturing services segment develops, manufactures and sells electronic components, PC motherboards, desktop computers, notebook computers, systems, and control adapters. The Consumer Electronics segment develops, manufactures and sells home appliances, digital electro-accoustic devices, digital media equipment, and digital audio-visual products, etc. Its Real Estate segment manages and develops real estate properties. It also provides products and services, such as steel manufacturing machinery, industrial and household appliances, refrigerators, air conditioners, metal processing machineries, electronic products, wires and cables, chemicals, cookware products, wood-made products, plastics, office equipment, precision meters, and transmission equipment. In addition, the company offers products and services that include transportation facilities, health care products, microbe fermentation products, construction, furniture products, solar wafers, water treatment engineering, telecommunication equipment, parking facilities, automation machinery, semiconductors, and real estate leasing. Further, it engages in publishing magazines; customs brokerage; general import and export business; and development, leasing, and sale of industrial parks. Tatung Co., Ltd. was founded in 1918 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tatung Co reported revenue of 50.4B TWD in FY2025 versus 29.6B TWD in FY2021, a compound +14.2%/yr. Reported net income was −11.1B TWD in FY2025.

2371 screens 57% overvalued. Compare with CITIC Limited →

Peer Group

Conglomerates · 370 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.

Valuation Multiples vs Conglomerates median · lower = cheaper

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 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.