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Taiwan Mobile Co (3045) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 335B TWD

TM Taiwan Mobile Co 3045 · TW
Price111.50 TWD
Fair Value68.83 TWD
Upside-38.3%
Quality55/100
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Mixed Growth
Thin margins · 7.5% net margin
Moderate debt · generates free cash flow
4.40% dividend yield
Mixed vs. peers (7/15)
Moderate moat 51/100
Evidence: Medium Range 51.62 TWD – 87.91 TWD Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 22 days ago

Share price +3.0% over the past month.

A solid business, but screening 38% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (87.91 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

115.44 TWD 75.86 TWD Fair Value 68.83 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 75.86 TWD – 115.44 TWD · fair‑value band 51.62 TWD – 87.91 TWD · the 111.50 TWD price screens above the 68.83 TWD fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Taiwan Mobile Co (3045) currently trades at 111.50 TWD, while our model-based Fair Value estimate is 68.83 TWD, implying the stock looks roughly 38.3% overvalued today. We read business quality at 55/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Taiwan Mobile Co generated revenue of 200B TWD at a net margin of 7.5%. Revenue grew 3.3% year over year. It earns a return on equity of 16.7%. Net debt stands at 87.8B TWD. Fundamentals as of Jul 16, 2026

Our scenario range runs from 51.62 TWD (bear case) to 87.91 TWD (bull case); at 111.50 TWD, the current price sits above 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 5% below its 52-week high and 7% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at -38%, 3045 screens richer 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 BearBaseBull Evidence
Highest evidence
Growth DCF 86.66 TWD 138.16 TWD 214.74 TWD 80
Residual Income 31.76 TWD 38.65 TWD 82.56 TWD 76
Rev-Margin DCF 54.83 TWD 91.54 TWD 133.25 TWD 74
All 26 models by family
DCF Models
FCF DCF 84.16 TWD 141.10 TWD 230.65 TWD 38
Owner Earnings 85.94 TWD 143.88 TWD 235.00 TWD 31
5Y Revenue Exit 54.83 TWD 90.61 TWD 135.08 TWD 39
5Y EBITDA Exit 99.23 TWD 172.52 TWD 256.95 TWD 41
5Y P/E Exit 58.88 TWD 98.09 TWD 138.19 TWD 38
10Y Revenue Exit 62.35 TWD 97.63 TWD 142.77 TWD 36
10Y EBITDA Exit 93.03 TWD 155.37 TWD 236.73 TWD 37
10Y P/E Exit 66.87 TWD 102.90 TWD 145.17 TWD 35
Earnings-Based
Graham-Dodd 32.39 TWD 93.71 TWD 123.69 TWD 54
Lynch FV 19.37 TWD 27.68 TWD 35.98 TWD 50
PEG = 1.0 19.37 TWD 27.68 TWD 35.98 TWD 46
EPV 36.44 TWD 45.94 TWD 54.39 TWD 59
Dividend Discount
Gordon GGM 49.06 TWD 107.10 TWD 180.21 TWD 70
DDM Multi-Stage 49.06 TWD 80.13 TWD 111.62 TWD 61
Multiples
P/E Multiple 71.45 TWD 95.27 TWD 119.09 TWD 63
P/S Multiple 60.73 TWD 80.98 TWD 101.22 TWD 58
P/B Multiple 60.73 TWD 80.98 TWD 101.22 TWD 55
EV/EBIT 71.94 TWD 101.73 TWD 131.52 TWD 53
EV/EBITDA 122.78 TWD 169.52 TWD 216.27 TWD 54
EV/Revenue 42.81 TWD 68.63 TWD 94.45 TWD 43
Asset-Based
NCAV (Graham) 14.21 TWD 19.04 TWD 28.42 TWD 50
Growth DCF
Growth DCF 86.66 TWD 138.16 TWD 214.74 TWD 80
Rev-Margin DCF 54.83 TWD 91.54 TWD 133.25 TWD 74
Economic Profit
Residual Income 31.76 TWD 38.65 TWD 82.56 TWD 76
ROIC Compounder 38.29 TWD 53.92 TWD 73.66 TWD 72
Growth Earnings
Growth-Adj P/E 57.92 TWD 82.74 TWD 107.56 TWD 68

Widest divergence: DCF Models (102.90 TWD) versus Asset-Based (19.04 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 200B TWD
Revenue growth (YoY) +3.3%
Net margin 7.5%
Return on equity 16.7%
Free cash flow 26.2B TWD FY2025
P/E ratio 22.8
More key figures
Operating margin 11.9%
EPS (TTM) 4.84 TWD
Dividend yield 4.4%
EPS growth (YoY) +12.3%
Net debt 87.8B TWD FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 50 · Market factors (momentum, volatility) 67

Profitability 48
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 57
Distance to the 52-week high (market factor)
Net Issuance 8
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

Taiwan Mobile Co., Ltd. provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally. It operates through Telecommunications, Retail, Cable Television and Broadband, and Others segments. The company provides 5g, postpaid, prepaid, e-sim, international call, international roaming, and gaming services.

Full company description

Taiwan Mobile Co., Ltd. provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally. It operates through Telecommunications, Retail, Cable Television and Broadband, and Others segments. The company provides 5g, postpaid, prepaid, e-sim, international call, international roaming, and gaming services. Taiwan Mobile Co., Ltd. was incorporated 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

Taiwan Mobile Co reported revenue of 199B TWD in FY2025 versus 156B TWD in FY2021, a compound +6.2%/yr. Reported net income was 14.4B TWD in FY2025, compounding +7.1%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
199B TWD
Latest YoY
−0.3%
Avg. growth/yr (3Y)
+4.9%
Avg. growth/yr (5Y)
+8.4%
Avg. growth/yr (23Y)
+5.5%
Revenue +6.2%/yr
FY21 156B TWD
FY22 172B TWD
FY23 183B TWD
FY24 199B TWD
FY25 199B TWD
Net income +7.1%/yr
FY21 11.0B TWD
FY22 11.0B TWD
FY23 12.3B TWD
FY24 13.8B TWD
FY25 14.4B TWD

3045 screens 38% overvalued. Compare with Casey's General Stores, Inc →

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Cite: Fair Value Calculator (2026). "Taiwan Mobile Co Fair Value". https://www.fairvalue-calculator.com/stock/3045

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Retail · 221 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 55 · Above median
Fair Value upside −38% · Below median
Return on equity (TTM) 17% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 12% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 4.4% · Above median
Debt / equity 0.71× · Higher than 75% of peers

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/E (TTM) 22.8× · Pricier than median
P/B 3.89× · Pricier than 75% of peers
P/S (TTM) 1.67× · Pricier than 75% of peers
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 10.0× · Pricier than median
PEG 1.38× · Pricier 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 0 · sector 33
FUTURE 17 · sector 24
PAST 67 · sector 27
HEALTH 64 · sector 94
DIVIDEND 88 · sector 51

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Casey's General Stores, Inc CASY $827.04 $405.44 -51%
Williams-Sonoma, Inc WSM $222.84 $164.16 -26%
Ulta Beauty, Inc ULTA $479.57 $488.39 +2%
DICK'S Sporting Goods, Inc DKS $208.89 $181.10 -13%
Best Buy Co BBY $83.98 $109.12 +30%
China Tourism Group 601888 ¥52.90 ¥40.40 -24%
Tractor Supply Company TSCO $31.01 $35.52 +15%
Murphy USA Inc MUSA $618.57 $423.35 -32%
Five Below, Inc FIVE $197.71 $117.29 -41%
GameStop Corp GME $21.68 $15.31 -29%

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Frequently asked questions

Is Taiwan Mobile Co (3045) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 68.83 TWD versus a price of 111.50 TWD, about −38% (overvalued).
What is the fair value of 3045?
Our model-based fair value for Taiwan Mobile Co is 68.83 TWD (as of Jul 16, 2026), built from audited fundamentals. The current price is 111.50 TWD.
What is the quality score of 3045?
Taiwan Mobile Co has a Quality Score of 55/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Taiwan Mobile Co (3045)?
Taiwan Mobile Co reported trailing-twelve-month revenue of about 200B TWD (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 3045?
The net profit margin of Taiwan Mobile Co is about 7.5%, meaning it keeps roughly 7.5% of revenue as net income. Based on the latest reported figures.
Does Taiwan Mobile Co pay a dividend?
Taiwan Mobile Co currently shows a dividend yield of about 4.14% relative to its recent price (as of Jul 16, 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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