Tah Kong Chemical Industrial (4706) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Tah Kong Chemical Industrial TWD 10.28, price TWD 34.00, upside -69.8%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value 10.28 TWD · Strongly overvalued (−70%)
!Quality 52/100
!Weak Growth(revenue 5y −3.1 %/yr)
!Thin margins · 7.4% net margin (TTM)
!negative free cash flow
·0.88% dividend yield
!Mixed vs. peers(5/12)
!Narrow moat35/100
!Evidence only low, so the estimate is less certain
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 15.70 TWD – 39.15 TWD · fair‑value band 7.72 TWD – 12.50 TWD · the 34.00 TWD price screens above the 10.28 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Tah Kong Chemical Industrial Corporation manufactures, processes, and sells paints, pigments, and intermediates in Taiwan, Asia, and internationally. The company offers PVC, PU, and polyolefin processed pigments.
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Tah Kong Chemical Industrial Corporation manufactures, processes, and sells paints, pigments, and intermediates in Taiwan, Asia, and internationally. The company offers PVC, PU, and polyolefin processed pigments. It also provides aqueous pigment dispersions and UV curable products; and organic pigments for various applications, including ink, plastic, rubber, fiber, paint, stationery, etc. In addition, the company offers functional masterbatch that includes non-halogen flame retardant TPU compound, TPU anti-blocking and lubricant masterbatch, TPU fogging agent masterbatch, black electric conductive, TPA weather resistant PE functional masterbatch, and anti-microbial PE masterbatch. Tah Kong Chemical Industrial Corporation was incorporated in 1966 and is headquartered in Taipei City, Taiwan.
Stock analysis
Tah Kong Chemical Industrial (4706) currently trades at 34.00 TWD, while our model-based Fair Value estimate is 10.28 TWD, implying the stock looks roughly 230.8% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 12.83 TWD per share, and 0 of the 15 models we run sit above the 34.00 TWD price.
Bear case: the DCF Models group reads lowest at 2.95 TWD, and 15 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 7.72 TWD (bear) to 12.50 TWD (bull), the price of 34.00 TWD sits above 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 52/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Tah Kong Chemical Industrial reported revenue of 1.1B TWD in FY2025 versus 1.4B TWD in FY2021, a compound −6.4%/yr. Reported net income was 28.0M TWD in FY2025, compounding −25.1%/yr from FY2021.
Key figures
Market cap 2.7B TWD (≈ $84.4M) · P/E ratio 30.6 · P/S ratio 0.77 · EPS (TTM) 1.11 TWD · Dividend yield 0.9% · Net margin 2.5% · Return on equity 5.9% · Return on assets (EBIT) 2.7%.
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 13% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −40% fair-value upside, at −70%, 4706 screens richer than that median.
Fair Value models
Bear 7.72 TWDFair Value 10.28 TWDBull 12.50 TWD
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.5947 TWD per share) are deliberately not added.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 ⓘ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.
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.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.3%
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.
−3.1%
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.
−3.1%
Start year 2020 (pandemic)
Revenue growth 8 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.
−4.9%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−16.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.4%
Dividend (yield on the price)0.9%
Profit margin 2020 to 2025 ⓘ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.7% → 3%
⚠ Revenue per share shrinking 6.5%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Tah Kong Chemical Industrial with another stock
Price, fair value, quality and upside side by side.
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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.Specialty Chemicals · 709 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−69% · Bottom 25%
Profitability
Return on equity (TTM)6% · Above median
Return on assets3% · Below median
Net margin (TTM)7% · Above median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth22% · Top 25%
Dividend yield (TTM)0.9% · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (TTM)30.6× · Pricier than median
P/B1.75× · Cheaper than median
P/S (TTM)2.23× · Pricier than median
EV/EBITDA23.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 21
PAST (return on equity)24· sector 23
HEALTH (low debt)0· sector 95
DIVIDEND (yield)18· sector 29
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Tah Kong Chemical Industrial Fair Value". https://www.fairvalue-calculator.com/stock/4706
Frequently asked questions
Is Tah Kong Chemical Industrial (4706) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 10.28 TWD versus a price of 34.00 TWD, about −70% upside (overvalued).
What is the fair value of 4706?
Our model-based fair value for Tah Kong Chemical Industrial is 10.28 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 34.00 TWD.
What is the quality score of 4706?
Tah Kong Chemical Industrial has a Quality Score of 52/100. 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 Tah Kong Chemical Industrial (4706)?
Our model-based price target is the fair value of 10.28 TWD (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 7.72 TWD, optimistic scenario 12.50 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Tah Kong Chemical Industrial stock forecast for 2026?
Our models put fair value at 10.28 TWD, about −70% upside versus a price of 34.00 TWD (overvalued). Cautious scenario 7.72 TWD, optimistic scenario 12.50 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Tah Kong Chemical Industrial (4706)?
Tah Kong Chemical Industrial reported trailing-twelve-month revenue of about 1.2B TWD (latest available figure, as of Sep 24, 2026).
Does Tah Kong Chemical Industrial pay a dividend?
Tah Kong Chemical Industrial currently shows a dividend yield of about 0.88% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Tah Kong Chemical Industrial (4706)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tah Kong Chemical Industrial it is 10.28 TWD per share (as of Sep 24, 2026), against a price of 34.00 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Tah Kong Chemical Industrial stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 4706 trades above its calculated fair value: price 34.00 TWD, fair value 10.28 TWD, a gap of about −70% (overvalued). 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 4706?
No. The price is what the market pays today (34.00 TWD); the fair value is what the company's own numbers justify (10.28 TWD). For Tah Kong Chemical Industrial the two are 23.72 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Tah Kong Chemical Industrial worth?
The market values Tah Kong Chemical Industrial at about 2.7B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 34.00 TWD; our models calculate a fair value of 10.28 TWD per share.
What do the bullish and bearish scenarios say about 4706?
Our models span a range for Tah Kong Chemical Industrial: cautious scenario 7.72 TWD, base 10.28 TWD, optimistic 12.50 TWD per share (as of Sep 24, 2026, price 34.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4706?
Tah Kong Chemical Industrial trades at a price-to-earnings ratio of 30.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 10.28 TWD is built from several models across several years. Other multiples: P/B 1.8, P/S 2.2, EV/EBITDA 23.0.
How solid is the balance sheet of Tah Kong Chemical Industrial (4706)?
Balance-sheet figures for Tah Kong Chemical Industrial (as of Sep 24, 2026): return on equity 5.9%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 4706 from its 52-week high?
Tah Kong Chemical Industrial trades at 34.00 TWD, about 13% below its 52-week high of 39.15 TWD and 26% above the low of 27.05 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 10.28 TWD is for.
Which stocks are comparable to Tah Kong Chemical Industrial?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, 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 Tah Kong Chemical Industrial stock attractive at the current price?
The data as of Sep 24, 2026: price 34.00 TWD, calculated fair value 10.28 TWD (−70%), Quality Score 52/100, from 15 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 4706 calculated?
We run Tah Kong Chemical Industrial through 15 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 10.28 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 13.0 % above its aggregate fair value. Tah Kong Chemical Industrial 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 Tah Kong Chemical Industrial (4706)?
The closing price on Sep 24, 2026 was 34.00 TWD. Our model-based fair value is 10.28 TWD, about −70% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tah Kong Chemical Industrial right now?
The price sits above even our optimistic bull case (12.50 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 (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Tah Kong Chemical Industrial
How large is the market capitalisation of Tah Kong Chemical Industrial (4706)?
The market capitalisation of Tah Kong Chemical Industrial is 2.7B TWD (≈ $84.4M). 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 Tah Kong Chemical Industrial (4706)?
The price-to-sales ratio of Tah Kong Chemical Industrial is 0.77 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tah Kong Chemical Industrial (4706)?
Earnings per share at Tah Kong Chemical Industrial are 1.11 TWD (price ÷ EPS = P/E 30.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tah Kong Chemical Industrial (4706)?
The dividend yield of Tah Kong Chemical Industrial is 0.9% (payout 27.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Tah Kong Chemical Industrial (4706)?
The net margin of Tah Kong Chemical Industrial is 2.5% (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 Tah Kong Chemical Industrial (4706)?
The return on equity (ROE) of Tah Kong Chemical Industrial is 5.9% (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 Tah Kong Chemical Industrial (4706)?
On an EBIT basis the return on assets of Tah Kong Chemical Industrial is 2.7% (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 Tah Kong Chemical Industrial (4706)?
The operating margin of Tah Kong Chemical Industrial is 7.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tah Kong Chemical Industrial (4706)?
Revenue at Tah Kong Chemical Industrial is growing +22.1% versus a year earlier (3y avg −3.1%). 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 Tah Kong Chemical Industrial (4706)?
Earnings per share at Tah Kong Chemical Industrial are growing +40.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tah Kong Chemical Industrial (4706) generate?
The free cash flow of Tah Kong Chemical Industrial is −27.1M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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