Prime Oil Chemical Service Corporation (2904) Fair Value & Analysis
Energy · TW · Market cap 1.1B TWD
Fair value as of: Jul 23, 2026
From 22 valuation models · updated 18 days ago
Fair value updated Jul 23, 2026, revised from 13.78 TWD to 16.30 TWD (+18.3%) since Jul 7, 2026. Share price −6.8% over the past month.
A solid business, screening 25% undervalued on our models.
What matters now
- Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
- Our model range runs from 12.22 TWD (bear) to 20.36 TWD (bull), base 16.30 TWD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 54/100 (solid quality) with high evidence: the data supports the verdict.
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 13.05 TWD – 27.44 TWD · fair‑value band 12.22 TWD – 20.36 TWD · the 13.05 TWD price screens below the 16.30 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
Prime Oil Chemical Service Corporation (2904) currently trades at 13.05 TWD, while our model-based Fair Value estimate is 16.30 TWD, implying the stock looks roughly 24.9% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Energy 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, Prime Oil Chemical Service Corporation generated revenue of 453M TWD at a net margin of 9.9%. Revenue declined 17.2% year over year. It earns a return on equity of 3.6%. Net debt stands at 248M TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 12.22 TWD (bear case) to 20.36 TWD (bull case); at 13.05 TWD, the current price sits within 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 29% below its 52-week high, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -36% fair-value upside, at 25%, 2904 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.
All 22 models by family
Widest divergence: DCF Models (19.20 TWD) versus Earnings-Based (7.12 TWD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 37
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
Prime Oil Chemical Service Corporation engages in the petrochemical shore tank storage services in Taiwan. It engages in the building and operation of photovoltaic power generation systems.
Full company description
Prime Oil Chemical Service Corporation engages in the petrochemical shore tank storage services in Taiwan. It engages in the building and operation of photovoltaic power generation systems. The company also engages in the chemicals, oil tank storage and transportation services, general trade, solar power generation business, and commercial real estate leasing business activities. In addition, it offers optimal proximity, berthing facilities, terminal overview, and auxiliary facilities. It serves petrochemical manufacturers and traders. Prime Oil Chemical Service Corporation was founded in 1978 and is based in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Prime Oil Chemical Service Corporation reported revenue of 474M TWD in FY2025 versus 466M TWD in FY2021, a compound +0.4%/yr. Reported net income was 76.6M TWD in FY2025, compounding +1.8%/yr from FY2021.
of which total revenue −1.1 pp · buybacks/dilution −1.1 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Oil & Gas Equipment & Services · 191 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 Oil & Gas Equipment & Services 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.
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.
Similar stocks
10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SLB N.V SLBN | 836.00 MXN | 533.97 MXN | -36% |
| Baker Hughes Company BKR | $55.95 | $33.55 | -40% |
| TechnipFMC plc FTI | $74.57 | $27.57 | -63% |
| Halliburton Company HAL | $35.22 | $21.50 | -39% |
| Tenaris S.A TS | $57.16 | $45.68 | -20% |
| Yantai Jereh Oilfield Services Group 002353 | ¥138.79 | ¥34.17 | -75% |
| Saipem SpA SPM | €4.20 | €2.72 | -35% |
| Subsea 7 S.A SUBC | kr 319.00 | kr 227.98 | -29% |
| China Oilfield Services Limited 601808 | ¥12.08 | ¥12.64 | +5% |
| Gaztransport & Technigaz SA GTT | €188.10 | €95.01 | -49% |
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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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