EN DE

San Fu Chemical Co (4755) Fair Value & Analysis

Basic Materials · TW · Market cap 12.5B TWD

SF San Fu Chemical Co 4755 · TW
Price118.50 TWD
Fair Value62.85 TWD
Upside-47.0%
Quality64/100
Watch San Fu Chemical Co for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 7.6% net margin
Low debt · generates free cash flow
1.68% dividend yield
Mixed vs. peers (8/14)
Narrow moat 41/100
Evidence: High Range 47.14 TWD – 78.56 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Share price −9.9% over the past month.

A solid business, but screening 47% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (78.56 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

216.02 TWD 53.05 TWD Fair Value 62.85 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 53.05 TWD – 216.02 TWD · fair‑value band 47.14 TWD – 78.56 TWD · the 118.50 TWD price screens above the 62.85 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

San Fu Chemical Co (4755) currently trades at 118.50 TWD, while our model-based Fair Value estimate is 62.85 TWD, implying the stock looks roughly 47.0% overvalued today. The Quality Score stands at 64/100 (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, San Fu Chemical Co generated revenue of 4.8B TWD at a net margin of 7.6%. Revenue declined 2.0% year over year. It earns a return on equity of 6.3%. Net debt stands at 1.3B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 47.14 TWD (bear case) to 78.56 TWD (bull case); at 118.50 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 34% below its 52-week high and 24% 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 -47%, 4755 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.

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
Growth DCF 72.50 TWD 94.88 TWD 129.38 TWD 80
Residual Income 42.91 TWD 45.49 TWD 48.73 TWD 76
Rev-Margin DCF 58.24 TWD 79.88 TWD 104.87 TWD 74
All 24 models by family
DCF Models
FCF DCF 70.29 TWD 93.58 TWD 131.71 TWD 38
Owner Earnings 58.32 TWD 77.04 TWD 107.69 TWD 31
5Y Revenue Exit 58.24 TWD 78.84 TWD 106.19 TWD 39
5Y EBITDA Exit 70.06 TWD 99.24 TWD 134.48 TWD 41
5Y P/E Exit 57.61 TWD 77.76 TWD 99.55 TWD 38
10Y Revenue Exit 61.06 TWD 79.93 TWD 101.74 TWD 36
10Y EBITDA Exit 69.61 TWD 93.51 TWD 121.16 TWD 37
10Y P/E Exit 61.92 TWD 79.22 TWD 97.17 TWD 35
Earnings-Based
Graham-Dodd 25.14 TWD 47.64 TWD 59.31 TWD 54
EPV 44.66 TWD 50.56 TWD 55.73 TWD 59
Dividend Discount
Gordon GGM 32.14 TWD 43.90 TWD 55.84 TWD 70
DDM Multi-Stage 32.14 TWD 44.54 TWD 59.19 TWD 61
Multiples
P/E Multiple 47.14 TWD 62.85 TWD 78.56 TWD 63
P/S Multiple 47.14 TWD 62.85 TWD 78.56 TWD 58
P/B Multiple 47.14 TWD 62.85 TWD 78.56 TWD 55
EV/EBIT 61.24 TWD 78.57 TWD 95.90 TWD 53
EV/EBITDA 79.23 TWD 102.56 TWD 125.89 TWD 54
EV/Revenue 54.31 TWD 73.62 TWD 92.93 TWD 43
Asset-Based
NCAV (Graham) 26.14 TWD 35.02 TWD 52.27 TWD 50
Growth DCF
Growth DCF 72.50 TWD 94.88 TWD 129.38 TWD 80
Rev-Margin DCF 58.24 TWD 79.88 TWD 104.87 TWD 74
Economic Profit
Residual Income 42.91 TWD 45.49 TWD 48.73 TWD 76
ROIC Compounder 44.66 TWD 50.56 TWD 57.09 TWD 72
Growth Earnings
Growth-Adj P/E 34.05 TWD 48.65 TWD 63.24 TWD 68

Widest divergence: Growth DCF (79.88 TWD) versus Asset-Based (35.02 TWD). Highest evidence: Growth DCF (80).

Notify me when 4755 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 4.8B TWD
Revenue growth (YoY) -2.0%
Net margin 7.6%
Return on equity 6.3%
Free cash flow 599M TWD FY2025
P/E ratio 33.6
More key figures
Operating margin 9.5%
EPS (TTM) 3.69 TWD
Dividend yield 1.7%
EPS growth (YoY) -8.2%
Net debt 1.3B TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 64 · Market factors (momentum, volatility) 38

Profitability 35
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 97
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

San Fu Chemical Co., Ltd. manufactures and sells various chemical products in Taiwan. It operates through the Fine Chemicals and Basic Chemicals segments. The company manufactures, processes, sells, and trades in chemical cleaning and etching agents, and food additives.

Full company description

San Fu Chemical Co., Ltd. manufactures and sells various chemical products in Taiwan. It operates through the Fine Chemicals and Basic Chemicals segments. The company manufactures, processes, sells, and trades in chemical cleaning and etching agents, and food additives. It also offers fine chemical products, such as developer, etchant, stripper, thinner and EBR, RGB network, POC13, N20, and others, as well as basic chemicals, including raw material of liquid crystal polymers, preservatives, water treatment and anti-corrosive reagents, and chemical raw materials. In addition, the company offers food raw materials and additives, such as seasonings, preservatives, sweeteners, leavening agents, and starch and carbohydrate, as well as food quality improvement, fermentation, and food processing agents; and slurry. Further, it engages in recycling of tetramethyl ammonium hydroxdie waste. Its products are used in wet chemicals, equipment, operation required by IC semiconductors, LCD, touch panels, LED, solar panels, and other industries; and etching and thinning of glass, foundry of polishing fluids, food Additives, food materials, and basic chemicals such as pHBA, cyclohexylamine, dicyclohexylamine, etc. The company was incorporated in 1952 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

San Fu Chemical Co reported revenue of 4.8B TWD in FY2025 versus 4.8B TWD in FY2021, a compound +0.3%/yr. Reported net income was 372M TWD in FY2025, compounding −13.8%/yr from FY2021.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
4.8B TWD
Latest YoY
−9.2%
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.
−4.9%
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.
+4.8%
Avg. growth/yr (15Y) 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.
+2.9%
Revenue +0.3%/yr
FY21 4.8B TWD
FY22 5.6B TWD
FY23 5.0B TWD
FY24 5.3B TWD
FY25 4.8B TWD
Net income −13.8%/yr
FY21 674M TWD
FY22 849M TWD
FY23 444M TWD
FY24 413M TWD
FY25 372M TWD
Character of growth · EPS growth decomposed (2014-2025) +6.7 % p.a.
Revenue per share +3.0 pp

of which total revenue +3.8 pp · buybacks/dilution −0.9 pp

EBIT margin +7.0 pp
Tax rate −1.0 pp
Residual (interest, one-offs) −2.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

4755 screens 47% overvalued. Compare with Linde plc →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "San Fu Chemical Co Fair Value". https://www.fairvalue-calculator.com/stock/4755

Peer Group

Specialty Chemicals · 668 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 64 · Top 25%
Fair Value upside −47% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth -2% · Below median
Dividend yield (TTM) 1.7% · Above median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 33.6× · Pricier than median
P/B 2.37× · Pricier than median
P/S (TTM) 2.59× · Pricier than median
P/FCF 0.6× · Cheaper than median
EV/EBITDA 12.9× · 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 0
FUTURE 0 · sector 19
PAST 25 · sector 23
HEALTH 100 · sector 95
DIVIDEND 34 · sector 25

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 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 San Fu Chemical Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is San Fu Chemical Co (4755) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 62.85 TWD versus a price of 118.50 TWD, about −47% (overvalued).
What is the fair value of 4755?
Our model-based fair value for San Fu Chemical Co is 62.85 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 118.50 TWD.
What is the quality score of 4755?
San Fu Chemical Co has a Quality Score of 64/100. 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 San Fu Chemical Co (4755)?
San Fu Chemical Co reported trailing-twelve-month revenue of about 4.8B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 4755?
The net profit margin of San Fu Chemical Co is about 7.6%, meaning it keeps roughly 7.6% of revenue as net income. Based on the latest reported figures.
Does San Fu Chemical Co pay a dividend?
San Fu Chemical Co currently shows a dividend yield of about 1.54% relative to its recent price (as of Jul 23, 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.

14 days Pro free · no card

Track San Fu Chemical 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.