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Tai Twun Enterprise Co (3432) Fair Value & Analysis

Industrials · TW · Market cap 707M TWD

TT Tai Twun Enterprise Co 3432 · TW
Price16.30 TWD
Fair Value6.61 TWD
Upside-59.5%
Quality53/100
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Expensive Growth
Loss-making · -18.7% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 16/100
Evidence: Low Range 6.14 TWD – 7.33 TWD Share as image

Fair value as of: Jul 21, 2026

From 3 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 6.62 TWD to 6.61 TWD (−0.2%) since Jul 9, 2026. Share price −9.9% over the past month.

A solid business, but screening 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (7.33 TWD). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

32.20 TWD 10.00 TWD Fair Value 6.61 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 10.00 TWD – 32.20 TWD · fair‑value band 6.14 TWD – 7.33 TWD · the 16.30 TWD price screens above the 6.61 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Tai Twun Enterprise Co (3432) currently trades at 16.30 TWD, while our model-based Fair Value estimate is 6.61 TWD, implying the stock looks roughly 59.5% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Industrials 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: low).

Over the trailing twelve months, Tai Twun Enterprise Co generated revenue of 208M TWD at a net margin of -18.7%. It earns a return on equity of -12.2%. The balance sheet holds a net cash position of 119M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 6.14 TWD (bear case) to 7.33 TWD (bull case); at 16.30 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 30% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -59%, 3432 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 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
Gordon GGM 6.13 TWD 6.60 TWD 7.31 TWD 70
DDM Multi-Stage 6.13 TWD 7.40 TWD 8.97 TWD 61
NCAV (Graham) 3.64 TWD 4.88 TWD 7.29 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 6.13 TWD 6.60 TWD 7.31 TWD 70
DDM Multi-Stage 6.13 TWD 7.40 TWD 8.97 TWD 61
Asset-Based
NCAV (Graham) 3.64 TWD 4.88 TWD 7.29 TWD 50

Widest divergence: Dividend Discount (6.60 TWD) versus Asset-Based (4.88 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 208M TWD
Revenue growth (YoY) +371%
Net margin -18.7%
Return on equity -12.2%
Free cash flow −128M TWD FY2025
Operating margin -15.1%
More key figures
EPS (TTM) -0.8700 TWD
EPS growth (YoY) +323%
Net cash 119M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 54 · Market factors (momentum, volatility) 33

Profitability 7
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 34
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

Tai Twun Enterprise Co., Ltd. engages in the production and sale of electronic components in Taiwan and China. It offers electronic and communication terminals and connectors, as well as electric micro-wheelers, electric bicycles, and electric motorcycles. The company was founded in 1988 and is based in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tai Twun Enterprise Co reported revenue of 155M TWD in FY2025 versus 36.7M TWD in FY2021, a compound +43.4%/yr. Reported net income was −36.6M TWD in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
155M TWD
Latest YoY
+229.4%
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.
+101.7%
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.
+37.6%
Avg. growth/yr (17Y) 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.
−14.4%
Revenue +43.4%/yr
FY21 36.7M TWD
FY22 18.9M TWD
FY23 16.6M TWD
FY24 47.2M TWD
FY25 155M TWD
Net income
FY21 57.0M TWD
FY22 −1.2B TWD
FY23 −21.6M TWD
FY24 −22.3M TWD
FY25 −36.6M TWD

3432 screens 59% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Tai Twun Enterprise Co Fair Value". https://www.fairvalue-calculator.com/stock/3432

Peer Group

Electrical Equipment & Parts · 526 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 53 · Above median
Fair Value upside −59% · Below median
Return on assets -6% · Bottom 25%
Net margin (TTM) -19% · Bottom 25%
Operating margin (TTM) -15% · Bottom 25%
Revenue growth 371% · Top 25%
Debt / equity 0.08× · Higher than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.11× · Cheaper than 75% of peers

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 0
FUTURE 100 · sector 57
PAST 0 · sector 26
HEALTH 96 · sector 97
DIVIDEND 0 · sector 18

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

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Tai Twun Enterprise Co (3432) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 6.61 TWD versus a price of 16.30 TWD, about −59% (overvalued).
What is the fair value of 3432?
Our model-based fair value for Tai Twun Enterprise Co is 6.61 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 16.30 TWD.
What is the quality score of 3432?
Tai Twun Enterprise Co has a Quality Score of 53/100. 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 Tai Twun Enterprise Co (3432)?
Tai Twun Enterprise Co reported trailing-twelve-month revenue of about 208M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3432?
The net profit margin of Tai Twun Enterprise Co is about -18.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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