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Tofu Restaurant Co (2752) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 4.8B TWD

TR Tofu Restaurant Co 2752 · TWO
Price179.00 TWD
Fair Value330.88 TWD
Upside+84.9%
Quality80/100
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Healthy Growth
Thin margins · 9.8% net margin
Low debt · generates free cash flow
7.58% dividend yield
Ranks above peers (11/14)
Wide moat 68/100
Evidence: High Range 248.16 TWD – 413.60 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Share price +0.6% over the past month.

A strong business, screening 85% undervalued on our models.

What matters now

  • The rarer combination: high quality (80/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (248.16 TWD). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

301.00 TWD 111.13 TWD Fair Value 330.88 TWD Feb 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 111.13 TWD – 301.00 TWD · fair‑value band 248.16 TWD – 413.60 TWD · the 179.00 TWD price screens below the 330.88 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Tofu Restaurant Co (2752) currently trades at 179.00 TWD, while our model-based Fair Value estimate is 330.88 TWD, implying the stock looks roughly 84.9% undervalued today. The Quality Score stands at 80/100 (high 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, Tofu Restaurant Co generated revenue of 4.2B TWD at a net margin of 9.8%. Revenue grew 9.5% year over year. It earns a return on equity of 36.6%. The balance sheet holds a net cash position of 436M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 248.16 TWD (bear case) to 413.60 TWD (bull case); at 179.00 TWD, the current price sits below 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 20% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -47% fair-value upside, at 85%, 2752 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 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
Growth DCF 350.48 TWD 666.58 TWD 1,235 TWD 80
Residual Income 86.64 TWD 102.77 TWD 304.60 TWD 76
Rev-Margin DCF 210.71 TWD 360.24 TWD 578.50 TWD 74
All 26 models by family
DCF Models
FCF DCF 365.70 TWD 608.96 TWD 1,261 TWD 38
Owner Earnings 352.81 TWD 747.59 TWD 1,529 TWD 31
5Y Revenue Exit 210.71 TWD 347.39 TWD 581.75 TWD 39
5Y EBITDA Exit 305.76 TWD 556.34 TWD 967.75 TWD 41
5Y P/E Exit 285.98 TWD 540.14 TWD 858.12 TWD 38
10Y Revenue Exit 252.70 TWD 427.71 TWD 643.50 TWD 36
10Y EBITDA Exit 322.53 TWD 598.48 TWD 1,080 TWD 37
10Y P/E Exit 309.02 TWD 562.95 TWD 978.15 TWD 35
Earnings-Based
Graham-Dodd 102.27 TWD 685.00 TWD 959.63 TWD 54
Lynch FV 200.45 TWD 286.36 TWD 372.27 TWD 50
PEG = 1.0 200.45 TWD 286.36 TWD 372.27 TWD 46
EPV 148.95 TWD 170.58 TWD 189.25 TWD 59
Dividend Discount
Gordon GGM 122.96 TWD 245.00 TWD 371.00 TWD 70
DDM Multi-Stage 122.96 TWD 211.73 TWD 258.61 TWD 61
Multiples
P/E Multiple 248.16 TWD 330.88 TWD 413.60 TWD 63
P/S Multiple 137.30 TWD 183.07 TWD 228.84 TWD 58
P/B Multiple 155.74 TWD 207.66 TWD 259.57 TWD 55
EV/EBIT 265.92 TWD 350.58 TWD 435.24 TWD 53
EV/EBITDA 289.23 TWD 381.65 TWD 474.08 TWD 54
EV/Revenue 140.09 TWD 195.01 TWD 249.93 TWD 43
Asset-Based
NCAV (Graham) 25.96 TWD 34.78 TWD 51.91 TWD 50
Growth DCF
Growth DCF 350.48 TWD 666.58 TWD 1,235 TWD 80
Rev-Margin DCF 210.71 TWD 360.24 TWD 578.50 TWD 74
Economic Profit
Residual Income 86.64 TWD 102.77 TWD 304.60 TWD 76
ROIC Compounder 174.11 TWD 232.26 TWD 307.15 TWD 72
Growth Earnings
Growth-Adj P/E 284.28 TWD 406.12 TWD 527.95 TWD 68

Widest divergence: DCF Models (556.34 TWD) versus Asset-Based (34.78 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.2B TWD
Revenue growth (YoY) +9.5%
Net margin 9.8%
Return on equity 36.6%
Free cash flow 651M TWD FY2025
P/E ratio 11.9
More key figures
Operating margin 12.1%
EPS (TTM) 15.02 TWD
Dividend yield 7.6%
EPS growth (YoY) +6.3%
Net cash 436M TWD FY2023

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

Quality Score breakdown

Overall quality 80/100

Of which business quality 79 · Market factors (momentum, volatility) 46

Profitability 87
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 98
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 79
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

Tofu Restaurant Co., Ltd. engages in the chain restaurant business in Taiwan. The company is also involved in the food manufacturing business. Tofu Restaurant Co., Ltd. was founded in 1997 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tofu Restaurant Co reported revenue of 4.1B TWD in FY2025 versus 1.8B TWD in FY2021, a compound +22.8%/yr. Reported net income was 401M TWD in FY2025, compounding +27.3%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.1B TWD
Latest YoY
+11.6%
Avg. 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.
+19.0%
Avg. 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.
+17.7%
Avg. 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.
+20.3%
Revenue +22.8%/yr
FY21 1.8B TWD
FY22 2.4B TWD
FY23 3.1B TWD
FY24 3.6B TWD
FY25 4.1B TWD
Net income +27.3%/yr
FY21 153M TWD
FY22 267M TWD
FY23 388M TWD
FY24 414M TWD
FY25 401M TWD

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Cite: Fair Value Calculator (2026). "Tofu Restaurant Co Fair Value". https://www.fairvalue-calculator.com/stock/2752

Peer Group

Restaurants · 227 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 80 · Top 25%
Fair Value upside +85% · Top 25%
Return on equity (TTM) 37% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 12% · Top 25%
Revenue growth 10% · Above median
Dividend yield (TTM) 7.6% · Top 25%
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Restaurants median · lower = cheaper

P/E (TTM) 11.9× · Cheaper than 75% of peers
P/B 3.43× · Pricier than 75% of peers
P/S (TTM) 1.14× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 6.9× · Cheaper 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 100 · sector 28
FUTURE 48 · sector 20
PAST 100 · sector 16
HEALTH 94 · sector 97
DIVIDEND 100 · sector 58

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 Restaurants stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCDS C$24.01 C$10.84 -55%
Starbucks Corporation SBUX $105.49 $35.83 -66%
Chipotle Mexican Grill, Inc CMG $34.63 $18.43 -47%
Yum! Brands, Inc YUM $163.54 $59.66 -64%
Restaurant Brands International Inc QSR C$104.19 C$36.37 -65%
Darden Restaurants, Inc DRI $195.74 $173.68 -11%
Yum China Holdings YUMC $43.90 $55.10 +26%
Texas Roadhouse, Inc TXRH $197.03 $104.89 -47%
Dutch Bros Inc BROS $68.36 $12.80 -81%
Domino's Pizza, Inc DPZ $322.18 $231.96 -28%

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Frequently asked questions

Is Tofu Restaurant Co (2752) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 330.88 TWD versus a price of 179.00 TWD, about +85% (undervalued).
What is the fair value of 2752?
Our model-based fair value for Tofu Restaurant Co is 330.88 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 179.00 TWD.
What is the quality score of 2752?
Tofu Restaurant Co has a Quality Score of 80/100. 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 Tofu Restaurant Co (2752)?
Tofu Restaurant Co reported trailing-twelve-month revenue of about 4.2B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 2752?
The net profit margin of Tofu Restaurant Co is about 9.8%, meaning it keeps roughly 9.8% of revenue as net income. Based on the latest reported figures.
Does Tofu Restaurant Co pay a dividend?
Tofu Restaurant Co currently shows a dividend yield of about 7.56% 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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