Tatung Co (2371) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Tatung Co TWD 3.83, price TWD 28.85, upside -86.7%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
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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.
Stock analysis
Tatung Co (2371) currently trades at 28.85 TWD, while our model-based Fair Value estimate is 3.83 TWD, implying the stock looks roughly 653.0% overvalued today.
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Valuation
How firm this estimate is: it rests on 12 models at a data quality of 87/100, which puts the evidence level at low.
Scenario range: 2.21 TWD (bear) to 6.68 TWD (bull), the price of 28.85 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap 61.6B TWD (≈ $1.9B) · P/S ratio 1.05 · EPS (TTM) −5.20 TWD · Net margin −22.0% · Return on equity −19.0% · Return on assets (EBIT) 3.3% · Operating margin 3.8% · Revenue (TTM) 51.3B TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 15% fair-value upside, at −87%, 2371 screens richer than that median.
Fair Value models
Bear 2.21 TWDFair Value 3.83 TWDBull 6.68 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.52/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.8%
Start year 2020 (pandemic). Over 10 years: −6.1% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−3.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−5.5% (2020) → 4.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+74.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +72.1% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Conglomerates · 380 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside−87% · Bottom 25%
Profitability
Return on assets1% · Below median
Net margin (TTM)−22% · Bottom 25%
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth9% · Above median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.81× · Highest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/S (TTM)0.04× · Cheapest 25%
P/FCF11.2× · Priciest 25%
EV/EBITDA1.3× · Cheapest 25%
PEG5.69× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)45· sector 16
PAST (return on equity)0· sector 19
HEALTH (low debt)59· sector 89
DIVIDEND (yield)0· sector 40
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Tatung Co Fair Value". https://www.fairvalue-calculator.com/stock/2371
Frequently asked questions
Is Tatung Co (2371) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3.83 TWD versus a price of 28.85 TWD, about −87% upside (overvalued).
What is the fair value of 2371?
Our model-based fair value for Tatung Co is 3.83 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 28.85 TWD.
What is the quality score of 2371?
Tatung Co has a Quality Score of 43/100. 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 price target for Tatung Co (2371)?
Our model-based price target is the fair value of 3.83 TWD (as of Sep 24, 2026) from 2 valuation models. Cautious scenario 2.21 TWD, optimistic scenario 6.68 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Tatung Co stock forecast for 2026?
Our models put fair value at 3.83 TWD, about −87% upside versus a price of 28.85 TWD (overvalued). Cautious scenario 2.21 TWD, optimistic scenario 6.68 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Tatung Co (2371)?
Tatung Co reported trailing-twelve-month revenue of about 51.3B TWD (latest available figure, as of Sep 24, 2026).
What growth is priced into Tatung Co (2371)?
For today's price to be fair in a discounted-cash-flow model, Tatung Co would have to grow free cash flow by +74.8 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2371 use?
Our models discount Tatung Co at 10.3 %: a base by market capitalisation (small), damped by beta 0.42, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Tatung Co that is +74.8 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Tatung Co (2371) delivered so far?
Over the past 5 years revenue at Tatung Co grew +9.8 % a year. The price currently implies +74.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tatung Co (2371) growing?
The median revenue growth in the sector is +2.5 % a year. That is the yardstick for the growth priced into Tatung Co (+74.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tatung Co (2371)?
The free-cash-flow yield on the price is 0.28 %: that much free cash flow Tatung Co produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tatung Co (2371)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tatung Co it is 3.83 TWD per share (as of Sep 24, 2026), against a price of 28.85 TWD. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Tatung Co stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2371 trades above its calculated fair value: price 28.85 TWD, fair value 3.83 TWD, a gap of about −87% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2371?
No. The price is what the market pays today (28.85 TWD); the fair value is what the company's own numbers justify (3.83 TWD). For Tatung Co the two are 25.02 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Tatung Co worth?
The market values Tatung Co at about 61.6B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 28.85 TWD; our models calculate a fair value of 3.83 TWD per share.
What do the bullish and bearish scenarios say about 2371?
Our models span a range for Tatung Co: cautious scenario 2.21 TWD, base 3.83 TWD, optimistic 6.68 TWD per share (as of Sep 24, 2026, price 28.85 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 2371?
The PEG ratio of Tatung Co is 5.69 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Tatung Co (2371)?
Balance-sheet figures for Tatung Co (as of Sep 24, 2026): return on equity −19.0%, debt of 0.81 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 2371 from its 52-week high?
Tatung Co trades at 28.85 TWD, about 33% below its 52-week high of 42.75 TWD and 23% above the low of 23.50 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 3.83 TWD is for.
Which stocks are comparable to Tatung Co?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tatung Co stock attractive at the current price?
The data as of Sep 24, 2026: price 28.85 TWD, calculated fair value 3.83 TWD (−87%), Quality Score 43/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2371 calculated?
We run Tatung Co through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 3.83 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Tatung Co itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tatung Co (2371)?
The closing price on Sep 24, 2026 was 28.85 TWD. Our model-based fair value is 3.83 TWD, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tatung Co right now?
The price sits above even our optimistic bull case (6.68 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. The model range is unusually wide (2.21 TWD to 6.68 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Tatung Co
How large is the market capitalisation of Tatung Co (2371)?
The market capitalisation of Tatung Co is 61.6B TWD (≈ $1.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Tatung Co (2371)?
The price-to-sales ratio of Tatung Co is 1.05 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tatung Co (2371)?
Earnings per share at Tatung Co are −5.20 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tatung Co (2371)?
The net margin of Tatung Co is −22.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tatung Co (2371)?
The return on equity (ROE) of Tatung Co is −19.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tatung Co (2371)?
On an EBIT basis the return on assets of Tatung Co is 3.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tatung Co (2371)?
The operating margin of Tatung Co is 3.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tatung Co (2371)?
Revenue at Tatung Co is growing +8.9% versus a year earlier (3y avg +13.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tatung Co (2371)?
Earnings per share at Tatung Co are growing −91.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tatung Co (2371) carry?
The net debt of Tatung Co is 10.3B TWD (fiscal year 2025, ≈ 59.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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