Taiwan Taxi Co Ltd (2640) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Taiwan Taxi Co Ltd TWD 146, price TWD 157, upside -7.1%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Taiwan Taxi Co.,Ltd. provides taxi services in Taiwan. Its taxi services include call a taxi; and moving house, fast fixing and delivery, designated driver, airport pick-up, special education student pick-up, and pet special pick-up services. The company was founded in 2005 and is based in Taipei, Taiwan.
Stock analysis
Taiwan Taxi Co Ltd (2640) currently trades at 157.00 TWD, while our model-based Fair Value estimate is 145.85 TWD, implying the stock looks roughly 7.6% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 169.29 TWD per share, and 7 of the 26 models we run sit above the 157.00 TWD price.
Bear case: the Asset-Based group reads lowest at 24.78 TWD, and 19 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 101.87 TWD (bear) to 200.70 TWD (bull), the price of 157.00 TWD sits inside 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 72/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Taiwan Taxi Co Ltd reported revenue of 3.2B TWD in FY2025 versus 2.1B TWD in FY2021, a compound +10.9%/yr. Reported net income was 534M TWD in FY2025, compounding +21.7%/yr from FY2021.
Key figures
Market cap 9.3B TWD (≈ $292M) · P/E ratio 17.5 · P/S ratio 2.96 · EPS (TTM) 8.98 TWD · Dividend yield 5.1% · Net margin 16.9% · Return on equity 28.3% · Return on assets (EBIT) 14.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 15% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at −7%, 2640 screens richer than that median.
Fair Value models
Bear 101.87 TWDFair Value 145.85 TWDBull 200.70 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.7196 TWD per share) are deliberately not added.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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.4%
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.
+7.6%
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.
+9.6%
Start year 2020 (pandemic). Over 10 years: +6.8% a year
Revenue growth 10 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.
+6.8%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+18.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.3%
Dividend (yield on the price)5.1%
Profit margin 2020 to 2025 ⓘ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.20% → 21%
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).
+17.7%
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 +15.9% 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.Railroads · 115 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−7% · Below median
Profitability
Return on equity (TTM)28% · Top 25%
Return on assets11% · Top 25%
Net margin (TTM)17% · Top 25%
Operating margin (TTM)22% · Top 25%
Growth and dividend
Revenue growth6% · Above median
Dividend yield (TTM)5.1% · Top 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Railroads median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Taiwan Taxi Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2640
Frequently asked questions
Is Taiwan Taxi Co Ltd (2640) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 145.85 TWD versus a price of 157.00 TWD, about −7% upside (fairly valued).
What is the fair value of 2640?
Our model-based fair value for Taiwan Taxi Co Ltd is 145.85 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 157.00 TWD.
What is the quality score of 2640?
Taiwan Taxi Co Ltd has a Quality Score of 72/100. 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 Taiwan Taxi Co Ltd (2640)?
Our model-based price target is the fair value of 145.85 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 101.87 TWD, optimistic scenario 200.70 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Taiwan Taxi Co Ltd stock forecast for 2026?
Our models put fair value at 145.85 TWD, about −7% upside versus a price of 157.00 TWD (fairly valued). Cautious scenario 101.87 TWD, optimistic scenario 200.70 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Taiwan Taxi Co Ltd (2640)?
Taiwan Taxi Co Ltd reported trailing-twelve-month revenue of about 3.2B TWD (latest available figure, as of Sep 24, 2026).
Does Taiwan Taxi Co Ltd pay a dividend?
Taiwan Taxi Co Ltd currently shows a dividend yield of about 5.10% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Taiwan Taxi Co Ltd (2640)?
For today's price to be fair in a discounted-cash-flow model, Taiwan Taxi Co Ltd would have to grow free cash flow by +17.7 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2640 use?
Our models discount Taiwan Taxi Co Ltd at 13.3 %: a base by market capitalisation (micro), 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 Taiwan Taxi Co Ltd that is +17.7 % per year a year over ten years, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Taiwan Taxi Co Ltd (2640) delivered so far?
Over the past 5 years revenue at Taiwan Taxi Co Ltd grew +9.6 % a year. The price currently implies +17.7 % 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 Taiwan Taxi Co Ltd (2640) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Taiwan Taxi Co Ltd (+17.7 % 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 Taiwan Taxi Co Ltd (2640)?
The free-cash-flow yield on the price is 4.84 %: that much free cash flow Taiwan Taxi Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Taiwan Taxi Co Ltd (2640)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Taiwan Taxi Co Ltd it is 145.85 TWD per share (as of Sep 24, 2026), against a price of 157.00 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Taiwan Taxi Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2640 trades above its calculated fair value: price 157.00 TWD, fair value 145.85 TWD, a gap of about −7% (fairly valued). 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 2640?
No. The price is what the market pays today (157.00 TWD); the fair value is what the company's own numbers justify (145.85 TWD). For Taiwan Taxi Co Ltd the two are 11.15 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Taiwan Taxi Co Ltd worth?
The market values Taiwan Taxi Co Ltd at about 9.3B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 157.00 TWD; our models calculate a fair value of 145.85 TWD per share.
What do the bullish and bearish scenarios say about 2640?
Our models span a range for Taiwan Taxi Co Ltd: cautious scenario 101.87 TWD, base 145.85 TWD, optimistic 200.70 TWD per share (as of Sep 24, 2026, price 157.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2640?
Taiwan Taxi Co Ltd trades at a price-to-earnings ratio of 17.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 145.85 TWD is built from several models across several years. Other multiples: P/B 4.3, P/S 2.9, EV/EBITDA 9.8.
How solid is the balance sheet of Taiwan Taxi Co Ltd (2640)?
Balance-sheet figures for Taiwan Taxi Co Ltd (as of Sep 24, 2026): return on equity 28.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 2640 from its 52-week high?
Taiwan Taxi Co Ltd trades at 157.00 TWD, about 15% below its 52-week high of 185.31 TWD and 35% above the low of 116.41 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 145.85 TWD is for.
Which stocks are comparable to Taiwan Taxi Co Ltd?
From the same area (Industrials) we also value Union Pacific Corporation, CSX Corporation, Canadian Pacific Kansas City Limited, Norfolk Southern Corporation, 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 Taiwan Taxi Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 157.00 TWD, calculated fair value 145.85 TWD (−7%), Quality Score 72/100, from 26 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 2640 calculated?
We run Taiwan Taxi Co Ltd through 26 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 145.85 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 13.2 % above its aggregate fair value. Taiwan Taxi Co Ltd 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 Taiwan Taxi Co Ltd (2640)?
The closing price on Sep 24, 2026 was 157.00 TWD. Our model-based fair value is 145.85 TWD, about −7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Taiwan Taxi Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (101.87 TWD to 200.70 TWD) leaves room in how you read the outcome.
Key figures of Taiwan Taxi Co Ltd
How large is the market capitalisation of Taiwan Taxi Co Ltd (2640)?
The market capitalisation of Taiwan Taxi Co Ltd is 9.3B TWD (≈ $292M). 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 Taiwan Taxi Co Ltd (2640)?
The price-to-sales ratio of Taiwan Taxi Co Ltd is 2.96 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Taiwan Taxi Co Ltd (2640)?
Earnings per share at Taiwan Taxi Co Ltd are 8.98 TWD (price ÷ EPS = P/E 17.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Taiwan Taxi Co Ltd (2640)?
The dividend yield of Taiwan Taxi Co Ltd is 5.1% (payout 89.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Taiwan Taxi Co Ltd (2640)?
The net margin of Taiwan Taxi Co Ltd is 16.9% (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 Taiwan Taxi Co Ltd (2640)?
The return on equity (ROE) of Taiwan Taxi Co Ltd is 28.3% (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 Taiwan Taxi Co Ltd (2640)?
On an EBIT basis the return on assets of Taiwan Taxi Co Ltd is 14.6% (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 Taiwan Taxi Co Ltd (2640)?
The operating margin of Taiwan Taxi Co Ltd is 21.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Taiwan Taxi Co Ltd (2640)?
Revenue at Taiwan Taxi Co Ltd is growing +5.5% versus a year earlier (3y avg +7.6%). 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 Taiwan Taxi Co Ltd (2640)?
Earnings per share at Taiwan Taxi Co Ltd are growing +9.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Taiwan Taxi Co Ltd (2640) hold?
Taiwan Taxi Co Ltd holds more cash than debt, 251M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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