Double Bond Chemical Ind Co Ltd (4764) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Double Bond Chemical Ind Co Ltd TWD 20.78, price TWD 190, upside -89.0%, quality 66 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 20.78 TWD · Strongly overvalued (−89%)
✓Quality 66/100
!Weak Growth(revenue 5y +1.6 %/yr)
!Thin margins · 5.3% net margin (TTM)
✓Low debt · generates free cash flow
·0.53% dividend yield
!Mixed vs. peers(6/14)
!Narrow moat39/100
!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 33.15 TWD – 364.50 TWD · fair‑value band 15.58 TWD – 25.97 TWD · the 189.50 TWD price screens above the 20.78 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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Double Bond Chemical Ind. Co., Ltd. manufactures and sells fine chemicals with focus on the polymer and UV-coating industries in Taiwan and internationally.
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Double Bond Chemical Ind. Co., Ltd. manufactures and sells fine chemicals with focus on the polymer and UV-coating industries in Taiwan and internationally. It offers polymer additives, such as benzophenone and benzotriazole UV absorbers; hindered amine and other light stabilizers; phenolic, phosphite, thioester, and other antioxidants; lubricant additives; textile auxiliaries; optical brighteners; anti-hydrolysis agents; PVC heat stabilizers; anti-yellowing agents; nucleating agents; antistatic agents; antibacterial agents; flame retardants; and other products. The company also provides UV curable materials, including monomers, epoxy acrylate oligomers, polyester acrylate oligomers, full acrylate oligomers, aliphatic urethane acrylate oligomers, aromatic urethane acrylate oligomers, high refractive index oligomers, waterborne oligomers, formulated oligomers, cationic oligomers and monomers, additives, photoinitiators, cationic photoinitiators, and amine synergists; and inkjet printing inks and auxiliaries, as well as digital printers and printing OEM services. In addition, it offers electronics chemicals consisting of high performance silicone and high heat resistance epoxy encapsulants; epoxy molding compounds; high brightness phosphor; imprinting nano-PSS structure total solutions; optical lenses; and solutions for micro LED, as well as silicone encapsulation molding machines, UV curable adhesives, UV curable hard coating materials, and stable and long life pigments. The company's products are used in various applications, such as resins, compounding, coating, textiles, rubber/plastics, paints, dyeing, cosmetics, biotechnology, LED encapsulation, adhesives, inks, 3D and digital printing, and other applications. Double Bond Chemical Ind. Co., Ltd. was founded in 1994 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Double Bond Chemical Ind Co Ltd (4764) currently trades at 189.50 TWD, while our model-based Fair Value estimate is 20.78 TWD, implying the stock looks roughly 811.6% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 45.81 TWD per share, and 0 of the 24 models we run sit above the 189.50 TWD price.
Bear case: the Dividend Discount group reads lowest at 5.46 TWD, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 15.58 TWD (bear) to 25.97 TWD (bull), the price of 189.50 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 66/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Double Bond Chemical Ind Co Ltd reported revenue of 2.8B TWD in FY2025 versus 3.1B TWD in FY2021, a compound −1.8%/yr. Reported net income was 105M TWD in FY2025, compounding −0.6%/yr from FY2021.
Key figures
Market cap 26.5B TWD (≈ $831M) · P/E ratio 155.3 · P/S ratio 5.70 · EPS (TTM) 1.22 TWD · Dividend yield 0.5% · Net margin 3.7% · Return on equity 7.0% · Return on assets (EBIT) 0.9%.
What moves the price
The share trades about 48% below its 52-week high and 393% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −48% fair-value upside, at −89%, 4764 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (5.46 TWD to 69.02 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 15.58 TWDFair Value 20.78 TWDBull 25.97 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 (0.1609 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+5.5%
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.
+0.5%
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.
+1.6%
Start year 2020 (pandemic). Over 10 years: −2.3% a year
Revenue growth 12 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.
+1.8%
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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.
−0.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.0%
Dividend (yield on the price)0.5%
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.−1% vs −14%, picking up
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.5% → 4%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 10.2%/yr over ~10Y (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.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+37.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +35.5% a year for the price.
Compare Double Bond Chemical Ind Co Ltd with another stock
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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 · 707 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−89% · Bottom 25%
Profitability
Return on equity (TTM)7% · Above median
Return on assets3% · Above median
Net margin (TTM)5% · Above median
Operating margin (TTM)15% · Top 25%
Growth and dividend
Revenue growth25% · Top 25%
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.22× · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (TTM)155.3× · Priciest 25%
P/B11.32× · Priciest 25%
P/S (TTM)8.79× · Priciest 25%
P/FCF2.3× · Pricier than median
EV/EBITDA64.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 22
PAST (return on equity)28· sector 23
HEALTH (low debt)89· 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). "Double Bond Chemical Ind Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4764
Frequently asked questions
Is Double Bond Chemical Ind Co Ltd (4764) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 20.78 TWD versus a price of 189.50 TWD, about −89% upside (overvalued).
What is the fair value of 4764?
Our model-based fair value for Double Bond Chemical Ind Co Ltd is 20.78 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 189.50 TWD.
What is the quality score of 4764?
Double Bond Chemical Ind Co Ltd has a Quality Score of 66/100. 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 Double Bond Chemical Ind Co Ltd (4764)?
Our model-based price target is the fair value of 20.78 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 15.58 TWD, optimistic scenario 25.97 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Double Bond Chemical Ind Co Ltd stock forecast for 2026?
Our models put fair value at 20.78 TWD, about −89% upside versus a price of 189.50 TWD (overvalued). Cautious scenario 15.58 TWD, optimistic scenario 25.97 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Double Bond Chemical Ind Co Ltd (4764)?
Double Bond Chemical Ind Co Ltd reported trailing-twelve-month revenue of about 3.0B TWD (latest available figure, as of Sep 24, 2026).
Does Double Bond Chemical Ind Co Ltd pay a dividend?
Double Bond Chemical Ind Co Ltd currently shows a dividend yield of about 0.53% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Double Bond Chemical Ind Co Ltd (4764)?
For today's price to be fair in a discounted-cash-flow model, Double Bond Chemical Ind Co Ltd would have to grow free cash flow by +37.6 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 4764 use?
Our models discount Double Bond Chemical Ind Co Ltd at 13.9 %: a base by market capitalisation (small), damped by beta 1.72, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Double Bond Chemical Ind Co Ltd that is +37.6 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Double Bond Chemical Ind Co Ltd (4764) delivered so far?
Over the past 5 years revenue at Double Bond Chemical Ind Co Ltd grew +1.6 % a year. The price currently implies +37.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Double Bond Chemical Ind Co Ltd (4764) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into Double Bond Chemical Ind Co Ltd (+37.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Double Bond Chemical Ind Co Ltd (4764)?
The free-cash-flow yield on the price is 2.13 %: that much free cash flow Double Bond Chemical Ind Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Double Bond Chemical Ind Co Ltd (4764)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Double Bond Chemical Ind Co Ltd it is 20.78 TWD per share (as of Sep 24, 2026), against a price of 189.50 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Double Bond Chemical Ind Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 4764 trades above its calculated fair value: price 189.50 TWD, fair value 20.78 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 4764?
No. The price is what the market pays today (189.50 TWD); the fair value is what the company's own numbers justify (20.78 TWD). For Double Bond Chemical Ind Co Ltd the two are 168.72 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Double Bond Chemical Ind Co Ltd worth?
The market values Double Bond Chemical Ind Co Ltd at about 26.5B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 189.50 TWD; our models calculate a fair value of 20.78 TWD per share.
What do the bullish and bearish scenarios say about 4764?
Our models span a range for Double Bond Chemical Ind Co Ltd: cautious scenario 15.58 TWD, base 20.78 TWD, optimistic 25.97 TWD per share (as of Sep 24, 2026, price 189.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4764?
Double Bond Chemical Ind Co Ltd trades at a price-to-earnings ratio of 155.3 (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 20.78 TWD is built from several models across several years. Other multiples: P/B 11.3, P/S 8.8, EV/EBITDA 64.2.
How solid is the balance sheet of Double Bond Chemical Ind Co Ltd (4764)?
Balance-sheet figures for Double Bond Chemical Ind Co Ltd (as of Sep 24, 2026): return on equity 7.0%, debt of 0.22 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 4764 from its 52-week high?
Double Bond Chemical Ind Co Ltd trades at 189.50 TWD, about 48% below its 52-week high of 366.50 TWD and 393% above the low of 38.48 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 20.78 TWD is for.
Which stocks are comparable to Double Bond Chemical Ind Co Ltd?
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 Double Bond Chemical Ind Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 189.50 TWD, calculated fair value 20.78 TWD (−89%), Quality Score 66/100, from 24 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 4764 calculated?
We run Double Bond Chemical Ind Co Ltd through 24 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 20.78 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 14.1 % above its aggregate fair value. Double Bond Chemical Ind Co Ltd 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 Double Bond Chemical Ind Co Ltd (4764)?
The closing price on Sep 23, 2026 was 189.50 TWD. Our model-based fair value is 20.78 TWD, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Double Bond Chemical Ind Co Ltd right now?
The price sits above even our optimistic bull case (25.97 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 (66/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Double Bond Chemical Ind Co Ltd
How large is the market capitalisation of Double Bond Chemical Ind Co Ltd (4764)?
The market capitalisation of Double Bond Chemical Ind Co Ltd is 26.5B TWD (≈ $831M). 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 Double Bond Chemical Ind Co Ltd (4764)?
The price-to-sales ratio of Double Bond Chemical Ind Co Ltd is 5.70 (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 Double Bond Chemical Ind Co Ltd (4764)?
Earnings per share at Double Bond Chemical Ind Co Ltd are 1.22 TWD (price ÷ EPS = P/E 155.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Double Bond Chemical Ind Co Ltd (4764)?
The dividend yield of Double Bond Chemical Ind Co Ltd is 0.5% (payout 82.0%). 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 Double Bond Chemical Ind Co Ltd (4764)?
The net margin of Double Bond Chemical Ind Co Ltd is 3.7% (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 Double Bond Chemical Ind Co Ltd (4764)?
The return on equity (ROE) of Double Bond Chemical Ind Co Ltd is 7.0% (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 Double Bond Chemical Ind Co Ltd (4764)?
On an EBIT basis the return on assets of Double Bond Chemical Ind Co Ltd is 0.9% (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 Double Bond Chemical Ind Co Ltd (4764)?
The operating margin of Double Bond Chemical Ind Co Ltd is 14.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Double Bond Chemical Ind Co Ltd (4764)?
Revenue at Double Bond Chemical Ind Co Ltd is growing +24.7% versus a year earlier (3y avg +0.5%). 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 Double Bond Chemical Ind Co Ltd (4764)?
Earnings per share at Double Bond Chemical Ind Co Ltd are growing +178% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Double Bond Chemical Ind Co Ltd (4764) carry?
The net debt of Double Bond Chemical Ind Co Ltd is 905M TWD (fiscal year 2025, ≈ 2.5 yrs of FCF). 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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