EN DE

Pancolour Ink Co (4765) Fair Value & Analysis

Basic Materials · TW · Market cap 487M TWD

PI Pancolour Ink Co 4765 · TWO
Price15.80 TWD
Fair Value5.16 TWD
Upside-67.3%
Quality55/100
Watch Pancolour Ink Co for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Loss-making · -14.0% net margin
Low debt · generates free cash flow
Trails peers (3/10)
Narrow moat 24/100
Evidence: Medium Range 3.99 TWD – 5.16 TWD Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 1.28 TWD to 5.16 TWD (+303.1%) since Jul 23, 2026. Share price +1.9% over the past month.

A solid business, but screening 67% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (5.16 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (8 months)

31.15 TWD 11.45 TWD Fair Value 5.16 TWD Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

8‑month range 11.45 TWD – 31.15 TWD · fair‑value band 3.99 TWD – 5.16 TWD · the 15.80 TWD price screens above the 5.16 TWD fair value. As of Aug 13, 2026.

Full chart & analysis →

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

Analysis

Pancolour Ink Co (4765) currently trades at 15.80 TWD, while our model-based Fair Value estimate is 5.16 TWD, implying the stock looks roughly 67.3% overvalued today. The Quality Score stands at 55/100 (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: medium).

Over the trailing twelve months, Pancolour Ink Co generated revenue of 253M TWD at a net margin of -14.0%. Revenue declined 18.4% year over year. It earns a return on equity of -7.7%. Net debt stands at 240M TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 3.99 TWD (bear case) to 5.16 TWD (bull case); at 15.80 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 50% below its 52-week high and 39% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at -67%, 4765 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 4.02 TWD 4.76 TWD 5.91 TWD 80
Rev-Margin DCF 3.98 TWD 5.21 TWD 6.72 TWD 74
Gordon GGM 7.77 TWD 8.38 TWD 9.28 TWD 70
All 13 models by family
DCF Models
FCF DCF 3.93 TWD 4.72 TWD 6.03 TWD 38
Owner Earnings 3.85 TWD 4.60 TWD 5.87 TWD 31
5Y Revenue Exit 3.98 TWD 5.14 TWD 6.83 TWD 39
5Y EBITDA Exit 4.92 TWD 6.76 TWD 9.21 TWD 41
10Y Revenue Exit 3.88 TWD 4.68 TWD 5.54 TWD 36
10Y EBITDA Exit 4.46 TWD 5.60 TWD 6.81 TWD 37
Dividend Discount
Gordon GGM 7.77 TWD 8.38 TWD 9.28 TWD 70
DDM Multi-Stage 7.77 TWD 9.25 TWD 11.16 TWD 61
Multiples
EV/EBITDA 6.41 TWD 8.09 TWD 9.77 TWD 54
EV/Revenue 4.25 TWD 5.49 TWD 6.73 TWD 43
Asset-Based
NCAV (Graham) 7.40 TWD 9.92 TWD 14.80 TWD 50
Growth DCF
Growth DCF 4.02 TWD 4.76 TWD 5.91 TWD 80
Rev-Margin DCF 3.98 TWD 5.21 TWD 6.72 TWD 74

Widest divergence: Asset-Based (9.92 TWD) versus DCF Models (4.72 TWD). Highest evidence: Growth DCF (80).

Notify me when 4765 reaches fair value

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

Key figures & financial health

Revenue (TTM) 253M TWD
Revenue growth (YoY) -18.4%
Net margin -14.0%
Return on equity -7.7%
Free cash flow 10.2M TWD FY2024
Operating margin -13.8%
More key figures
EPS (TTM) -0.8200 TWD
Net debt 240M TWD FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 52 · Market factors (momentum, volatility) 40

Profitability 16
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 82
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

Pancolour Ink Co., Ltd. manufactures and sells UV curable inks, coatings, and adhesives in Taiwan. It offers UV curable printing inks for IC chips, optical discs, and plastic and paper products; UV curable adhesives for bonding needs of metal, glass, and other materials that are applied in handicraft and electronic industries; and UV curable coatings for …

Full company description

Pancolour Ink Co., Ltd. manufactures and sells UV curable inks, coatings, and adhesives in Taiwan. It offers UV curable printing inks for IC chips, optical discs, and plastic and paper products; UV curable adhesives for bonding needs of metal, glass, and other materials that are applied in handicraft and electronic industries; and UV curable coatings for use in plastic flexible tubes and paper spot varnish for screen print, etc. In addition, it provides 3D printing resin and passive component pastes. The company provides its products under the PANOVA, PANCURE, PANOLEN, and RADITHO names. Pancolour Ink Co., Ltd. was founded in 1998 and is based in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Pancolour Ink Co reported revenue of 307M TWD in FY2024 versus 517M TWD in FY2020, a compound −12.2%/yr. Reported net income was −1.6M TWD in FY2024.

Growth Quality 16/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
307M TWD
Latest YoY
+9.5%
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.
−7.6%
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.
−16.9%
Revenue −12.2%/yr
FY20 517M TWD
FY21 390M TWD
FY22 381M TWD
FY23 281M TWD
FY24 307M TWD
Net income
FY20 7.0M TWD
FY21 −21.0M TWD
FY22 −39.8M TWD
FY23 −24.9M TWD
FY24 −1.6M TWD

4765 screens 67% 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). "Pancolour Ink Co Fair Value". https://www.fairvalue-calculator.com/stock/4765

Peer Group

Specialty Chemicals · 666 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 55 · Above median
Fair Value upside −67% · Bottom 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -14% · Bottom 25%
Operating margin (TTM) -14% · Bottom 25%
Revenue growth -18% · Bottom 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/S (TTM) 0.06× · Cheaper than 75% of peers
P/FCF 1.5× · Cheaper 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 18
PAST 0 · sector 23
HEALTH 94 · sector 95
DIVIDEND 0 · 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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $479.43 $222.03 -54%
Wanhua Chemical Group 600309 ¥75.06 ¥68.03 -9%
Novozymes A/S NSISB kr 416.10 kr 170.02 -59%
Asian Paints Limited ASIANPAINT ₹2,756 ₹664.51 -76%
Solar Industries India Limited SOLARINDS ₹18,730 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,702 ₹351.84 -79%
PT Chandra Asri Pacific Tbk TPIA 2,160 IDR 2,322 IDR +8%
Berger Paints India Limited BERGEPAINT ₹559.80 ₹154.46 -72%
Gujarat Fluorochemicals Limited FLUOROCHEM ₹4,566 ₹836.47 -82%
Himadri Speciality Chemical Limited HSCL ₹778.15 ₹248.63 -68%

Compare Pancolour Ink 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 High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Pancolour Ink Co (4765) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 5.16 TWD versus a price of 15.80 TWD, about −67% (overvalued).
What is the fair value of 4765?
Our model-based fair value for Pancolour Ink Co is 5.16 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 15.80 TWD.
What is the quality score of 4765?
Pancolour Ink Co has a Quality Score of 55/100. 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 Pancolour Ink Co (4765)?
Pancolour Ink Co reported trailing-twelve-month revenue of about 253M TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 4765?
The net profit margin of Pancolour Ink Co is about -14.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

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 Pancolour Ink 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.