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Tainergy Tech Co (4934) Fair Value & Analysis

Technology · TW · Market cap 3.6B TWD

TT Tainergy Tech Co 4934 · TW
Price14.35 TWD
Fair Value20.07 TWD
Upside+39.9%
Quality40/100
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Weak Growth
Loss-making · -179.5% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/9)
Narrow moat 12/100
Evidence: Low Range 13.27 TWD – 24.93 TWD Share as image

Fair value as of: Jul 23, 2026

From 3 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 19.90 TWD to 20.07 TWD (+0.9%) since Jul 11, 2026. Share price −16.8% over the past month.

Below-average quality, screening 40% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (13.27 TWD to 24.93 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

40.00 TWD 8.39 TWD Fair Value 20.07 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 8.39 TWD – 40.00 TWD · fair‑value band 13.27 TWD – 24.93 TWD · the 14.35 TWD price screens below the 20.07 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Tainergy Tech Co (4934) currently trades at 14.35 TWD, while our model-based Fair Value estimate is 20.07 TWD, implying the stock looks roughly 39.9% undervalued today. The Quality Score stands at 40/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Trailing-twelve-month revenue stands at 111M TWD. Revenue grew 133.2% year over year. It earns a return on equity of -21.0%. The balance sheet holds a net cash position of 124M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 13.27 TWD (bear case) to 24.93 TWD (bull case); at 14.35 TWD, the current price sits within 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 37% below its 52-week high and 57% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -7% fair-value upside, at 40%, 4934 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
Gordon GGM 7.41 TWD 8.08 TWD 9.09 TWD 70
DDM Multi-Stage 7.41 TWD 9.16 TWD 11.55 TWD 61
NCAV (Graham) 3.45 TWD 4.63 TWD 6.91 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 7.41 TWD 8.08 TWD 9.09 TWD 70
DDM Multi-Stage 7.41 TWD 9.16 TWD 11.55 TWD 61
Asset-Based
NCAV (Graham) 3.45 TWD 4.63 TWD 6.91 TWD 50

Widest divergence: Dividend Discount (8.08 TWD) versus Asset-Based (4.63 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 111M TWD
Revenue growth (YoY) +133%
Net margin -179%
Return on equity -21.0%
Free cash flow −512M TWD FY2025
Operating margin -259%
More key figures
EPS (TTM) -0.9500 TWD
EPS growth (YoY) +309%
Net cash 124M TWD FY2025

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

Quality Score breakdown

Overall quality 40/100

Of which business quality 41 · Market factors (momentum, volatility) 44

Profitability 0
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 57
Distance to the 52-week high (market factor)
Net Issuance 79
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

Tainergy Tech Co., Ltd., together with its subsidiaries, engages in the research, design, manufacture, and sale of solar cells, modules, and related systems in Taiwan, China, Hong Kong, Vietnam, India, the United States, Canada, and internationally. It offers solar cells, silicon carbide, contact lenses, and EV chargers.

Full company description

Tainergy Tech Co., Ltd., together with its subsidiaries, engages in the research, design, manufacture, and sale of solar cells, modules, and related systems in Taiwan, China, Hong Kong, Vietnam, India, the United States, Canada, and internationally. It offers solar cells, silicon carbide, contact lenses, and EV chargers. The company also sells solar power systems. In addition, it is involved in the manufacture and sale of electronic parts and components, as well as real estate activities. The company was founded in 2007 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

Tainergy Tech Co reported revenue of 89.3M TWD in FY2025 versus 1.6B TWD in FY2021, a compound −51.3%/yr. Reported net income was −215M TWD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
89.3M TWD
Latest YoY
−75.7%
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.
−65.7%
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.
−47.3%
Avg. growth/yr (16Y) 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.
−16.1%
Revenue −51.3%/yr
FY21 1.6B TWD
FY22 2.2B TWD
FY23 2.1B TWD
FY24 368M TWD
FY25 89.3M TWD
Net income
FY21 −927M TWD
FY22 −36.7M TWD
FY23 −28.6M TWD
FY24 −467M TWD
FY25 −215M TWD

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Cite: Fair Value Calculator (2026). "Tainergy Tech Co Fair Value". https://www.fairvalue-calculator.com/stock/4934

Peer Group

Solar · 118 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 40 · Above median
Fair Value upside +40% · Top 25%
Return on assets -10% · Bottom 25%
Net margin (TTM) -179% · Bottom 25%
Revenue growth 133% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Solar median · lower = cheaper

P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.99× · 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 87 · sector 18
FUTURE 100 · sector 0
PAST 0 · sector 0
HEALTH 98 · sector 85
DIVIDEND 0 · sector 13

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 Solar stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $221.03 $284.45 +29%
Nextpower Inc NXT $111.50 $69.61 -38%
Waaree Energies Limited WAAREEENER ₹2,923 ₹3,613 +24%
Tongwei Co 600438 ¥13.08 ¥12.13 -7%
Jinko Solar Co 688223 ¥4.39 ¥4.75 +8%
Hengdian Group 002056 ¥21.64 ¥22.76 +5%
CSI Solar Co 688472 ¥10.11 ¥7.01 -31%
Enphase Energy, Inc ENPH $44.83 $22.20 -50%
Premier Energies Limited PREMIERENE ₹1,086 ₹912.32 -16%
Trina Solar Co 688599 ¥12.98 ¥7.97 -39%

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Frequently asked questions

Is Tainergy Tech Co (4934) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 20.07 TWD versus a price of 14.35 TWD, about +40% (undervalued).
What is the fair value of 4934?
Our model-based fair value for Tainergy Tech Co is 20.07 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 14.35 TWD.
What is the quality score of 4934?
Tainergy Tech Co has a Quality Score of 40/100. 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 Tainergy Tech Co (4934)?
Tainergy Tech Co reported trailing-twelve-month revenue of about 111M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 4934?
The net profit margin of Tainergy Tech Co is about -179.5%, 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.

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