Qualipoly Chemical Corp (4722) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Qualipoly Chemical Corp TWD 22.91, price TWD 216, upside -89.4%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Qualipoly Chemical Corp., together with its subsidiaries, manufactures and sells UV curable materials, unsaturated polyester resins, and synthetic resins in Taiwan, Asia, Europe, North and South America, and internationally. It operates through the Qualipoly Chemical Corp. and Qualipoly Technology (Guangdong) Corp. segments.
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Qualipoly Chemical Corp., together with its subsidiaries, manufactures and sells UV curable materials, unsaturated polyester resins, and synthetic resins in Taiwan, Asia, Europe, North and South America, and internationally. It operates through the Qualipoly Chemical Corp. and Qualipoly Technology (Guangdong) Corp. segments. The company offers UV curable materials, including monomers, oligomers, additives, and photo- initiatives under the QualiCure for use in wood coatings, plastics and metal coatings, adhesives and lacquers for CD/DVD, over print varnishes, optical films, and additives for electronic/optical parts; unsaturated polyester resins for use in FRPs, colorpastes and gelcoats, fire retardants, castings, synthetic marbles, buttons, decorative panels, coatings and putties, SMC/BMCs, and ISO-type FRPs; and coating resins, such as alkyd, acrylic, and amino resins, which are used for sealers, surfacers, primers, top coats, and varnishes on papers, woods, plastics, metals, and other substrates. It also provides foundry resins, which are used as a cement and adhesive, casting resin, coating, and impregnant; insulating varnishes for the manufacture transformers, coils, and enamel-insulated wires; polyurethane rigid foam resins for the manufacture wood-imitation materials, soft floors, and fillers; PVAC and acrylic emulsion resins, which are used as adhesives; and fiber glass, which is used as reinforcement for composite materials. In addition, the company is involved in general investment and international trading activities. Qualipoly Chemical Corp. was incorporated in 1978 and is headquartered in Kaohsiung City, Taiwan.
Stock analysis
Qualipoly Chemical Corp (4722) currently trades at 215.50 TWD, while our model-based Fair Value estimate is 22.91 TWD, 89.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 25.24 TWD per share, and 0 of the 12 models we run sit above the 215.50 TWD price.
Bear case: the Dividend Discount group reads lowest at 11.39 TWD, and 12 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: 17.67 TWD (bear) to 30.12 TWD (bull), the price of 215.50 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 38/100 (below-average 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.
Qualipoly Chemical Corp reported revenue of 3.7B TWD in FY2025 versus 4.8B TWD in FY2021, a compound −6.3%/yr. Reported net income was 202M TWD in FY2025, compounding −13.9%/yr from FY2021.
Key figures
Market cap 22.1B TWD (≈ $694M) · P/E ratio 78.1 · P/S ratio 4.23 · EPS (TTM) 2.76 TWD · Dividend yield 0.6% · Net margin 5.4% · Return on equity 8.8% · Return on assets (EBIT) 5.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 45% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at −89%, 4722 screens richer than that median.
Fair Value models
Bear 17.67 TWDFair Value 22.91 TWDBull 30.12 TWD
Price 215.50 TWD · Upside -89.4%
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1.21 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. 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
Residual Income23.52 TWD24.33 TWD25.87 TWD76
Gordon GGM10.57 TWD11.39 TWD12.62 TWD69
Graham-Dodd13.23 TWD16.17 TWD18.19 TWD67
All 12 models by family
Earnings-Based
Graham-Dodd13.23 TWD16.17 TWD18.19 TWD67
Dividend Discount
Gordon GGM10.57 TWD11.39 TWD12.62 TWD69
DDM Multi-Stage10.57 TWD12.58 TWD15.18 TWD67
Multiples
P/E Multiple24.81 TWD33.07 TWD41.34 TWD63
P/S Multiple24.81 TWD33.07 TWD41.34 TWD58
P/B Multiple24.81 TWD33.07 TWD41.34 TWD55
EV/EBIT6.48 TWD14.35 TWD22.22 TWD62
EV/EBITDA4.40 TWD11.58 TWD18.76 TWD62
EV/Revenue3.33 TWD12.10 TWD20.87 TWD49
Asset-Based
NCAV (Graham)15.43 TWD20.67 TWD30.86 TWD54
Economic Profit
Residual Income23.52 TWD24.33 TWD25.87 TWD76
Growth Earnings
Growth-Adj P/E17.67 TWD25.24 TWD32.82 TWD67
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
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.12/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.7%
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.
−4.1%
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.
−0.5%
Start year 2020 (pandemic). Over 10 years: −1.9% a year
Revenue growth 23 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.
+3.2%
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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. 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.
−6.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.8%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−6.8% vs −5.5%, steady
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.9% → 6%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 3.7%/yr over ~10Y (margins intact) ⓘ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 Qualipoly Chemical Corp 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 · 714 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside−89.4% · Bottom 25%
Profitability
Return on equity (TTM)8.8% · Above median
Return on assets2.5% · Below median
Net margin (TTM)7.5% · Above median
Operating margin (TTM)12.1% · Above median
Growth and dividend
Revenue growth6.7% · Below median
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity0.64× · Highest 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (TTM)78.1× · Priciest 25%
P/B6.92× · Priciest 25%
P/S (TTM)5.88× · Priciest 25%
EV/EBITDA69.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)34· sector 59
PAST (return on equity)35· sector 26
HEALTH (low debt)68· sector 95
DIVIDEND (yield)11· sector 28
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). "Qualipoly Chemical Corp Fair Value". https://www.fairvalue-calculator.com/stock/4722
Frequently asked questions
Is Qualipoly Chemical Corp (4722) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 22.91 TWD versus a price of 215.50 TWD, about −89% upside (overvalued).
What is the fair value of 4722?
Our model-based fair value for Qualipoly Chemical Corp is 22.91 TWD (as of Oct 2, 2026), built from audited fundamentals. The current price: 215.50 TWD.
What is the quality score of 4722?
Qualipoly Chemical Corp has a Quality Score of 38/100. 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 Qualipoly Chemical Corp (4722)?
Our model-based price target is the fair value of 22.91 TWD (as of Oct 2, 2026) from 12 valuation models. Cautious scenario 17.67 TWD, optimistic scenario 30.12 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Qualipoly Chemical Corp stock forecast for 2026?
Our models put fair value at 22.91 TWD, about −89% upside versus a price of 215.50 TWD (overvalued). Cautious scenario 17.67 TWD, optimistic scenario 30.12 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Qualipoly Chemical Corp (4722)?
Qualipoly Chemical Corp reported trailing-twelve-month revenue of about 3.8B TWD (latest available figure, as of Oct 2, 2026).
Does Qualipoly Chemical Corp pay a dividend?
Qualipoly Chemical Corp currently shows a dividend yield of about 0.56% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Qualipoly Chemical Corp (4722)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Qualipoly Chemical Corp it is 22.91 TWD per share (as of Oct 2, 2026), against a price of 215.50 TWD. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Qualipoly Chemical Corp stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 4722 trades above its calculated fair value: price 215.50 TWD, fair value 22.91 TWD, a gap of about −89% (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 4722?
No. The price is what the market pays today (215.50 TWD); the fair value is what the company's own numbers justify (22.91 TWD). For Qualipoly Chemical Corp the two are 192.59 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Qualipoly Chemical Corp worth?
The market values Qualipoly Chemical Corp at about 22.1B TWD (market capitalisation, as of Oct 2, 2026). Per share that is 215.50 TWD; our models calculate a fair value of 22.91 TWD per share.
What do the bullish and bearish scenarios say about 4722?
Our models span a range for Qualipoly Chemical Corp: cautious scenario 17.67 TWD, base 22.91 TWD, optimistic 30.12 TWD per share (as of Oct 2, 2026, price 215.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4722?
Qualipoly Chemical Corp trades at a price-to-earnings ratio of 78.1 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 22.91 TWD is built from several models across several years. Other multiples: P/B 6.9, P/S 5.9, EV/EBITDA 69.1.
How solid is the balance sheet of Qualipoly Chemical Corp (4722)?
Balance-sheet figures for Qualipoly Chemical Corp (as of Oct 2, 2026): return on equity 8.8%, debt of 0.64 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 4722 from its 52-week high?
Qualipoly Chemical Corp trades at 215.50 TWD, about 29% below its 52-week high of 305.32 TWD and 45% above the low of 148.50 TWD (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of 22.91 TWD is for.
Which stocks are comparable to Qualipoly Chemical Corp?
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 Qualipoly Chemical Corp stock attractive at the current price?
The data as of Oct 2, 2026: price 215.50 TWD, calculated fair value 22.91 TWD (−89%), Quality Score 38/100, from 12 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 4722 calculated?
We run Qualipoly Chemical Corp through 12 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 22.91 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 14.5 % above its aggregate fair value. Qualipoly Chemical 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 Qualipoly Chemical Corp (4722)?
The closing price on Oct 8, 2026 was 215.50 TWD. Our model-based fair value is 22.91 TWD, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Qualipoly Chemical Corp right now?
The price sits above even our optimistic bull case (30.12 TWD). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Qualipoly Chemical Corp (4722) come from?
Earnings per share at Qualipoly Chemical Corp grew −4.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share −3.2 %, EBIT margin −2.5 %, tax rate −0.5 %, residual (interest, one-offs) +1.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Qualipoly Chemical Corp
How large is the market capitalisation of Qualipoly Chemical Corp (4722)?
The market capitalisation of Qualipoly Chemical Corp is 22.1B TWD (≈ $694M). 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 Qualipoly Chemical Corp (4722)?
The price-to-sales ratio of Qualipoly Chemical Corp is 4.23 (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 Qualipoly Chemical Corp (4722)?
Earnings per share at Qualipoly Chemical Corp are 2.76 TWD (price ÷ EPS = P/E 78.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Qualipoly Chemical Corp (4722)?
The dividend yield of Qualipoly Chemical Corp is 0.6% (payout 43.5%). 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 Qualipoly Chemical Corp (4722)?
The net margin of Qualipoly Chemical Corp is 5.4% (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 Qualipoly Chemical Corp (4722)?
The return on equity (ROE) of Qualipoly Chemical Corp is 8.8% (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 Qualipoly Chemical Corp (4722)?
On an EBIT basis the return on assets of Qualipoly Chemical Corp is 5.8% (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 Qualipoly Chemical Corp (4722)?
The operating margin of Qualipoly Chemical Corp is 12.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Qualipoly Chemical Corp (4722)?
Revenue at Qualipoly Chemical Corp is growing +6.7% versus a year earlier (3y avg −4.1%). 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 Qualipoly Chemical Corp (4722)?
Earnings per share at Qualipoly Chemical Corp are growing +62.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Qualipoly Chemical Corp (4722) generate?
The free cash flow of Qualipoly Chemical Corp is −986M 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 Qualipoly Chemical Corp (4722) carry?
The net debt of Qualipoly Chemical Corp is 2.6B 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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