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Taiwan Tea Corp (2913) fair value: what the stock is really worth

As of Oct 5, 2026: fair value of Taiwan Tea Corp TWD 10.53, price TWD 10.90, upside -3.4%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Consumer Defensive · TW · ISIN TW0002913001

TT Thin data Oct 1, 2026

Taiwan Tea Corp

2913 · TW

Low PriorityFair Value upside is limited and quality is weak.

Low debt
Fair value 10.53 TWD · Fairly valued (−3.4%)
Quality 41/100
Expensive Growth (revenue 5y +8.7 %/yr in TWD)
Loss-making · -30.9% net margin (TTM)
Negative free cash flow
Trails peers (2/10)
Narrow moat 14/100
Thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

30.45 TWD 10.60 TWD Fair Value 10.53 TWD May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.

How to read this chart

60‑month range 10.60 TWD – 30.45 TWD · fair‑value band 7.86 TWD – 15.71 TWD · the 10.90 TWD price screens above the 10.53 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.

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Company profile

Taiwan Tea Corporation engages in the plantation, cultivation, production, and sale of tea products in Taiwan. It also engages in the recreational tea farming land development activities; and marketing channel business.

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Taiwan Tea Corporation engages in the plantation, cultivation, production, and sale of tea products in Taiwan. It also engages in the recreational tea farming land development activities; and marketing channel business. In addition, the company involved in the construction engineering business, including decoration works, compartment works, ceiling works, anti-smoke vertical wall works, painting works, flooring works, windowsill Board works, curtain box works, stone works, etc. The company was formerly known as Mitsui & Co., Ltd. and changed its name to Taiwan Tea Corporation in 1950. Taiwan Tea Corporation was founded in 1899 and is headquartered in Hsinchu City, Taiwan.

Stock analysis

Taiwan Tea Corp (2913) currently trades at 10.90 TWD, while our model-based Fair Value estimate is 10.53 TWD, so the stock looks roughly fairly valued today (gap 3.5%).

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the evidence level at low.

Scenario range: 7.86 TWD (bear) to 15.71 TWD (bull), the price of 10.90 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 41/100 (below-average quality), in the Consumer Defensive sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Taiwan Tea Corp reported revenue of 473M TWD in FY2025 versus 369M TWD in FY2021, a compound +6.4%/yr. Reported net income was −116M TWD in FY2025.

Key figures

Market cap 8.6B TWD (≈ $271M) · P/S ratio 19.8 · EPS (TTM) −0.1800 TWD · Net margin −24.6% · Return on equity −1.1% · Return on assets (EBIT) −0.3% · Operating margin −15.3% · Revenue (TTM) 441M TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 25% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at −3%, 2913 screens richer than that median.

Fair Value models

Bear 7.86 TWD Fair Value 10.53 TWD Bull 15.71 TWD
Price 10.90 TWD · Upside -3.4%
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. 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.
Highest evidence
NCAV (Graham) 7.86 TWD 10.53 TWD 15.72 TWD 54
All 1 models by family
Asset-Based
NCAV (Graham) 7.86 TWD 10.53 TWD 15.72 TWD 54

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Quality Score breakdown

Overall quality 41/100

Of which business quality 41 · Market factors (momentum, volatility) 42

Profitability 7
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.1%
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.
+7.8%
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.
+8.7%
Start year 2020 (pandemic). Over 10 years: −6.6% 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.
−8.7%
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.
14.8% (2020) → −4.1% (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

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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.Farm Products · 292 stocks

Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 41 · Below median
Fair Value upside −3.4% · Above median
Profitability
Return on assets −0.1% · Below median
Net margin (TTM) −30.9% · Bottom 25%
Operating margin (TTM) −15.3% · Bottom 25%
Growth and dividend
Revenue growth −18.3% · Bottom 25%
Balance sheet
Debt / equity 0.38× · Above median

Valuation Multiplesvs Farm Products median · lower = cheaper

P/S (TTM) 0.62× · Cheaper than median
EV/EBITDA 73.8× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)29 · sector 27
FUTURE (revenue growth)0 · sector 17
PAST (return on equity)0 · sector 19
HEALTH (low debt)81 · sector 94
DIVIDEND (yield)0 · sector 44

Context: sector, industry, market

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 Farm Products stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Archer-Daniels-Midland Company ADM $80.45 $38.02 −53%
Muyuan Foods Group 002714 ¥40.48 ¥115.35 +185%
Bunge Global SA BG $108.14 $56.75 −48%
Tyson Foods, Inc TSN $50.98 $37.06 −27%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 −17%
Mowi ASA MOWI kr 205.60 kr 280.90 +37%
SalMar ASA SALM kr 580.50 kr 171.05 −71%
Charoen Pokphand Foods Public Company CPF 21.80 THB 55.71 THB +156%
United Plantations Berhad 2089 32.58 MYR 35.84 MYR +10%
Fujian Wanchen Food Group 300972 ¥155.26 ¥254.63 +64%

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Taiwan Tea Corp · Fair Value
10.53 TWD −3%Fair Value
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Cite: Fair Value Calculator (2026). "Taiwan Tea Corp Fair Value". https://www.fairvalue-calculator.com/stock/2913

Frequently asked questions

Is Taiwan Tea Corp (2913) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of 10.53 TWD versus a price of 10.90 TWD, about −3% upside (fairly valued).
What is the fair value of 2913?
Our model-based fair value for Taiwan Tea Corp is 10.53 TWD (as of Oct 1, 2026), built from audited fundamentals. The current price: 10.90 TWD.
What is the quality score of 2913?
Taiwan Tea Corp has a Quality Score of 41/100. 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 Tea Corp (2913)?
Our model-based price target is the fair value of 10.53 TWD (as of Oct 1, 2026) from 1 valuation models. Cautious scenario 7.86 TWD, optimistic scenario 15.71 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Taiwan Tea Corp stock forecast for 2026?
Our models put fair value at 10.53 TWD, about −3% upside versus a price of 10.90 TWD (fairly valued). Cautious scenario 7.86 TWD, optimistic scenario 15.71 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Taiwan Tea Corp (2913)?
Taiwan Tea Corp reported trailing-twelve-month revenue of about 441M TWD (latest available figure, as of Oct 1, 2026).
What is the intrinsic value of Taiwan Tea Corp (2913)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Taiwan Tea Corp it is 10.53 TWD per share (as of Oct 1, 2026), against a price of 10.90 TWD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Taiwan Tea Corp stock overvalued or undervalued in 2026?
As of Oct 1, 2026, 2913 trades above its calculated fair value: price 10.90 TWD, fair value 10.53 TWD, a gap of about −3% (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 2913?
No. The price is what the market pays today (10.90 TWD); the fair value is what the company's own numbers justify (10.53 TWD). For Taiwan Tea Corp the two are 0.3700 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Taiwan Tea Corp worth?
The market values Taiwan Tea Corp at about 8.6B TWD (market capitalisation, as of Oct 1, 2026). Per share that is 10.90 TWD; our models calculate a fair value of 10.53 TWD per share.
What do the bullish and bearish scenarios say about 2913?
Our models span a range for Taiwan Tea Corp: cautious scenario 7.86 TWD, base 10.53 TWD, optimistic 15.71 TWD per share (as of Oct 1, 2026, price 10.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Taiwan Tea Corp (2913)?
Balance-sheet figures for Taiwan Tea Corp (as of Oct 1, 2026): return on equity −1.1%, debt of 0.38 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 2913 from its 52-week high?
Taiwan Tea Corp trades at 10.90 TWD, about 25% below its 52-week high of 14.55 TWD and 3% above the low of 10.60 TWD (as of Oct 5, 2026). Distance from the high says nothing about value: that is what the fair value of 10.53 TWD is for.
Which stocks are comparable to Taiwan Tea Corp?
From the same area (Consumer Defensive) we also value Archer-Daniels-Midland Company, Muyuan Foods Group, Bunge Global SA, Tyson Foods, Inc, 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 Tea Corp stock attractive at the current price?
The data as of Oct 1, 2026: price 10.90 TWD, calculated fair value 10.53 TWD (−3%), Quality Score 41/100, from 1 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 2913 calculated?
We run Taiwan Tea Corp through 1 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 10.53 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 15.0 % above its aggregate fair value. Taiwan Tea Corp 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 Tea Corp (2913)?
The closing price on Oct 5, 2026 was 10.90 TWD. Our model-based fair value is 10.53 TWD, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Taiwan Tea Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (7.86 TWD to 15.71 TWD) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Taiwan Tea Corp

How large is the market capitalisation of Taiwan Tea Corp (2913)?
The market capitalisation of Taiwan Tea Corp is 8.6B TWD (≈ $271M). 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 Tea Corp (2913)?
The price-to-sales ratio of Taiwan Tea Corp is 19.8 (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 Taiwan Tea Corp (2913)?
Earnings per share at Taiwan Tea Corp are −0.1800 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Taiwan Tea Corp (2913)?
The net margin of Taiwan Tea Corp is −24.6% (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 Tea Corp (2913)?
The return on equity (ROE) of Taiwan Tea Corp is −1.1% (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 Tea Corp (2913)?
On an EBIT basis the return on assets of Taiwan Tea Corp is −0.3% (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 Taiwan Tea Corp (2913)?
The operating margin of Taiwan Tea Corp is −15.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Taiwan Tea Corp (2913)?
Revenue at Taiwan Tea Corp is growing −18.3% versus a year earlier (3y avg +7.8%). 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 Tea Corp (2913)?
Earnings per share at Taiwan Tea Corp are growing +889% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Taiwan Tea Corp (2913) generate?
The free cash flow of Taiwan Tea Corp is −90.9M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Taiwan Tea Corp (2913) carry?
The net debt of Taiwan Tea Corp is 5.1B TWD (fiscal year 2025). 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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