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Data-driven stock valuation

Soonest Express Co Ltd (2643) fair value: what the stock is really worth

We calculate from audited financials what Soonest Express Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Industrials · TW · Market cap 2.2B TWD (≈ $69.8M) · ISIN TW0002643004

At a glance

SE Soonest Express Co Ltd 2643 · TWO
Price62.40 TWD
Fair Value132.36 TWD
Upside+112.1%
Quality56/100

A solid business, trading 53% below our fair value of 132.36 TWD.

As of Aug 29, 2026, the fair value of Soonest Express Co Ltd is 132.36 TWD per share against a price of 62.40 TWD, so the fair value sits 112% above the price. A model estimate from reported figures, not an analyst target.

!Expensive Growth (revenue 5y +17.8 %/yr)
!Thin margins · 3.2% net margin
!Low debt · negative free cash flow
·7.21% dividend yield
Ranks above peers (12/13)
!Narrow moat 39/100
Evidence: High Range 84.16 TWD to 165.45 TWD

Fair value as of: Aug 29, 2026

From 17 valuation models · updated 9 days ago

Share price −0.5% over the past month.

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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (84.16 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (84.16 TWD to 165.45 TWD) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

102.95 TWD 42.16 TWD Fair Value 132.36 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range 42.16 TWD – 102.95 TWD · fair‑value band 84.16 TWD – 165.45 TWD · the 62.40 TWD price screens below the 132.36 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

Soonest Express Co Ltd (2643) currently trades at 62.40 TWD, while our model-based Fair Value estimate is 132.36 TWD, implying the stock looks roughly 52.9% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of 231.51 TWD per share, and 15 of the 17 models we run sit above the 62.40 TWD price. Bear case: the Asset-Based group reads lowest at 38.20 TWD, and 2 of the 17 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Soonest Express Co Ltd generated revenue of 7.9B TWD at a net margin of 2.3%. Revenue declined 24.8% year over year. It earns a return on equity of 9.3%. The balance sheet holds a net cash position of 812M TWD. Fundamentals as of Aug 29, 2026

Scenario range: 84.16 TWD (bear) to 165.45 TWD (bull), the price of 62.40 TWD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 18% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −5% fair-value upside, at 112%, 2643 screens cheaper than that median.

Fair Value models

Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (1.22 TWD per share) are deliberately not added.

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

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
Highest evidence
Residual Income 51.07 TWD 57.17 TWD 86.26 TWD 75
EPV 80.97 TWD 91.43 TWD 100.45 TWD 74
ROIC Compounder 96.85 TWD 137.16 TWD 166.92 TWD 72
All 17 models by family
DCF Models
Owner Earnings 112.55 TWD 231.51 TWD 472.05 TWD 71
Earnings-Based
Graham-Dodd 42.86 TWD 298.90 TWD 419.46 TWD 63
Lynch FV 98.17 TWD 140.24 TWD 182.31 TWD 61
PEG = 1.0 98.17 TWD 140.24 TWD 182.31 TWD 57
EPV 80.97 TWD 91.43 TWD 100.45 TWD 74
Dividend Discount
Gordon GGM 39.52 TWD 78.75 TWD 119.25 TWD 67
DDM Multi-Stage 39.52 TWD 68.06 TWD 83.13 TWD 67
Multiples
P/E Multiple 99.27 TWD 132.36 TWD 165.45 TWD 63
P/S Multiple 80.36 TWD 107.15 TWD 133.94 TWD 58
P/B Multiple 80.36 TWD 107.15 TWD 133.94 TWD 55
EV/EBIT 137.72 TWD 178.71 TWD 219.70 TWD 66
EV/EBITDA 132.18 TWD 171.33 TWD 210.48 TWD 67
EV/Revenue 102.52 TWD 140.13 TWD 177.75 TWD 54
Asset-Based
NCAV (Graham) 28.51 TWD 38.20 TWD 57.01 TWD 54
Economic Profit
Residual Income 51.07 TWD 57.17 TWD 86.26 TWD 75
ROIC Compounder 96.85 TWD 137.16 TWD 166.92 TWD 72
Growth Earnings
Growth-Adj P/E 130.12 TWD 185.89 TWD 241.66 TWD 67

Widest divergence: DCF Models (231.51 TWD) versus Asset-Based (38.20 TWD). Highest evidence: Residual Income (75).

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Key figures & financial health

P/E ratio 9.9
P/S ratio 0.26 P/E × margin
EPS (TTM) 6.28 TWD price ÷ EPS = P/E 9.9
Dividend yield 7.2% payout 71.7%
Net margin 2.6% FY2025
Return on equity 9.3% TTM
More key figures
Profitability
Return on assets (EBIT) 15.2% avg 5y
Operating margin 1.9% TTM
Growth
Revenue (TTM) 7.9B TWD TTM
Revenue growth (YoY) −24.8% 3y avg +13.8%
EPS growth (YoY) −61.8%
Balance sheet & cash flow
Free cash flow −108M TWD FY2025
Net cash 812M TWD FY2023

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 49

Profitability 51
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 98
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 59
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Soonest Express Co., Ltd. provides integrated logistics solutions in Taiwan, Asia, and the United States. It offers air and ocean freight forwarding services; custom clearance services; transit/warehouse/transportation services; and courier services. The company was founded in 1984 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Soonest Express Co Ltd reported revenue of 8.4B TWD in FY2025 versus 5.1B TWD in FY2021, a compound +13.5%/yr. Reported net income was 221M TWD in FY2025, compounding −6.7%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
8.4B TWD
Latest YoY
+59.7%
Avg. revenue growth/yr (3Y) 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.
+13.8%
Avg. revenue growth/yr (5Y) 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.
+17.8%
Avg. revenue growth/yr (8Y) 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.
+15.4%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+5.1%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−2.1%
Dividend yield7.2%
Operating margin (EBIT) 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.7.2% (2020) → 4.0% (2025) · falling
Worst earnings drop62% (2024) · in TWD
Revenue +13.5%/yr
FY21 5.1B TWD
FY22 5.7B TWD
FY23 4.2B TWD
FY24 5.3B TWD
FY25 8.4B TWD
Net income −6.7%/yr
FY21 291M TWD
FY22 500M TWD
FY23 235M TWD
FY24 214M TWD
FY25 221M TWD

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Cite: Fair Value Calculator (2026). "Soonest Express Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2643

Peer Group

Integrated Freight & Logistics · 207 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
Quality Score 56 · Above median
Fair Value upside +112% · Top 25%
Profitability
Return on equity (TTM) 14% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 3% · Above median
Operating margin (TTM) 5% · Above median
Growth and dividend
Revenue growth −4% · Below median
Dividend yield (TTM) 7.2% · Top 25%

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 9.9× · Cheapest 25%
P/B 1.11× · Cheaper than median
P/S (TTM) 0.28× · Cheaper than median
EV/EBITDA 5.4× · Cheaper than median

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 43
FUTURE0 · sector 8
PAST54 · sector 26
HEALTH100 · sector 94
DIVIDEND100 · sector 55

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

Similar stocks

10 more Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $105.33 $103.34 −2%
FedEx Corporation FDX $322.52 $347.68 +8%
Deutsche Post AG DHL €56.14 €53.18 −5%
DSV A/S DSV kr 1,358 kr 712.57 −48%
Kuehne + Nagel International AG KNIN CHF 211.30 CHF 147.92 −30%
J.B. Hunt Transport Services, Inc JBHT $256.48 $133.80 −48%
S.F. Holding 002352 ¥32.96 ¥48.64 +48%
C.H. Robinson Worldwide, Inc CHRW $147.64 $86.56 −41%
Expeditors International of Washington, Inc EXPD $188.80 $115.95 −39%
ZTO Express (Cayman) Inc ZTO $21.50 $28.62 +33%

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Frequently asked questions

Is Soonest Express Co Ltd (2643) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of 132.36 TWD versus a price of 62.40 TWD, about +112% upside (undervalued).
What is the fair value of 2643?
Our model-based fair value for Soonest Express Co Ltd is 132.36 TWD (as of Aug 29, 2026), built from audited fundamentals. The current price: 62.40 TWD.
What is the quality score of 2643?
Soonest Express Co Ltd has a Quality Score of 56/100. 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 Soonest Express Co Ltd (2643)?
Our model-based price target is the fair value of 132.36 TWD (as of Aug 29, 2026) from 17 valuation models. Cautious scenario 84.16 TWD, optimistic scenario 165.45 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Soonest Express Co Ltd stock forecast for 2026?
Our models put fair value at 132.36 TWD, about +112% upside versus a price of 62.40 TWD (undervalued). Cautious scenario 84.16 TWD, optimistic scenario 165.45 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Soonest Express Co Ltd (2643)?
Soonest Express Co Ltd reported trailing-twelve-month revenue of about 7.9B TWD (latest available figure, as of Aug 29, 2026).
What is the net profit margin of 2643?
The net profit margin of Soonest Express Co Ltd is about 2.3%, meaning it keeps roughly 2.3% of revenue as net income. Based on the latest reported figures.
Does Soonest Express Co Ltd pay a dividend?
Soonest Express Co Ltd currently shows a dividend yield of about 7.21% relative to its recent price (as of Aug 29, 2026).
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