Tatung Fine Chemicals Co (4738) Fair Value & Analysis
Basic Materials · TW · Market cap 512M TWD
Fair value as of: Jul 23, 2026
From 15 valuation models · updated 18 days ago
Share price −11.3% over the past month.
A solid business, but screening 54% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (3.97 TWD). The favourable scenario is already priced in.
- Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (2.19 TWD to 3.97 TWD) leaves room in how you read the outcome.
Price vs Fair Value (8 months)
White line = price, green steps = our fair value per fiscal year. As of Jul 23, 2026.
How to read this chart
8‑month range 4.96 TWD – 18.50 TWD · fair‑value band 2.19 TWD – 3.97 TWD · the 6.25 TWD price screens above the 2.87 TWD fair value. As of Jul 23, 2026.
Analysis
Tatung Fine Chemicals Co (4738) currently trades at 6.25 TWD, while our model-based Fair Value estimate is 2.87 TWD, implying the stock looks roughly 54.1% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials 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: high).
Over the trailing twelve months, Tatung Fine Chemicals Co generated revenue of 333M TWD at a net margin of 4.3%. Revenue grew 6.7% year over year. It earns a return on equity of 10.2%. Net debt stands at 21.4M TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 2.19 TWD (bear case) to 3.97 TWD (bull case); at 6.25 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 68% below its 52-week high and 44% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -54%, 4738 screens cheaper 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.
All 15 models by family
Widest divergence: DCF Models (5.42 TWD) versus Asset-Based (1.28 TWD). Highest evidence: ROIC Compounder (72).
Notify me when 4738 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 21
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
Tatung Fine Chemicals Co. engages in the development, manufacture, and sale of electrocoatings and electronic coatings in Taiwan.
Full company description
Tatung Fine Chemicals Co. engages in the development, manufacture, and sale of electrocoatings and electronic coatings in Taiwan. The company offers synthetic resins, industrial additives, paints, monomers, solvents, and electronic components, as well as oil-based and water-based coatings, such as epoxy electropolymer resins, acrylic electrocoatings, fanli water insulation coatings, resistive coatings, and industrial coatings. It serves automobiles, electronics, home appliances, and hardware processing plants. The company was formerly known as Tatung Coatings Company and changed its name to Tatung Fine Chemicals Co. in 2003. Tatung Fine Chemicals Co. was founded in 1969 and is based in Taoyuan City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Tatung Fine Chemicals Co reported revenue of 333M TWD in FY2025 versus 300M TWD in FY2021, a compound +2.6%/yr. Reported net income was 14.4M TWD in FY2025, compounding +28.0%/yr from FY2021.
4738 screens 54% overvalued. Compare with Linde plc →
Peer Group
Specialty Chemicals · 673 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.
Valuation Multiples vs Specialty Chemicals median · lower = cheaper
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: 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.
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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $489.98 | $222.03 | -55% |
| Nan Ya Plastics Corporation 1303 | 181.50 TWD | 255.83 TWD | +41% |
| Wanhua Chemical Group 600309 | ¥70.04 | ¥68.03 | -3% |
| Novozymes A/S NSISB | kr 428.20 | kr 179.66 | -58% |
| Asian Paints Limited ASIANPAINT | ₹2,689 | ₹668.81 | -75% |
| Solar Industries India Limited SOLARINDS | ₹18,236 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,560 | ₹351.84 | -77% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
| Linde India Limited LINDEINDIA | ₹7,115 | ₹757.93 | -89% |
| Berger Paints India Limited BERGEPAINT | ₹493.70 | ₹164.29 | -67% |
Compare Tatung Fine Chemicals Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Frequently asked questions
Is Tatung Fine Chemicals Co (4738) overvalued or undervalued?
What is the fair value of 4738?
What is the quality score of 4738?
What is the revenue of Tatung Fine Chemicals Co (4738)?
What is the net profit margin of 4738?
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.
Track Tatung Fine Chemicals Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.