EN DE

Tait Marketing & Distribution Co (5902) Fair Value & Analysis

Consumer Defensive · TW · Market cap 3.2B TWD

TM Tait Marketing & Distribution Co 5902 · TWO
Price34.35 TWD
Fair Value41.71 TWD
Upside+21.4%
Quality74/100
Watch Tait Marketing & Distribution Co for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 9.2% net margin
generates free cash flow
4.83% dividend yield
Ranks above peers (9/13)
Moderate moat 54/100
Evidence: High Range 31.58 TWD – 51.22 TWD Share as image

Fair value as of: Jul 21, 2026

From 25 valuation models · updated 20 days ago

Share price +2.4% over the past month.

A solid business, screening 21% undervalued on our models.

What matters now

  • Our model range runs from 31.58 TWD (bear) to 51.22 TWD (bull), base 41.71 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 74/100 (solid quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

45.59 TWD 13.69 TWD Fair Value 41.71 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 13.69 TWD – 45.59 TWD · fair‑value band 31.58 TWD – 51.22 TWD · the 34.35 TWD price screens below the 41.71 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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

Analysis

Tait Marketing & Distribution Co (5902) currently trades at 34.35 TWD, while our model-based Fair Value estimate is 41.71 TWD, implying the stock looks roughly 21.4% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Consumer Defensive 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: high), always confirm before acting.

Over the trailing twelve months, Tait Marketing & Distribution Co generated revenue of 2.2B TWD at a net margin of 9.2%. Revenue declined 11.8% year over year. It earns a return on equity of 15.6%. The balance sheet holds a net cash position of 343M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 31.58 TWD (bear case) to 51.22 TWD (bull case); at 34.35 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 31% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at 21%, 5902 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
Residual Income 14.15 TWD 17.45 TWD 34.79 TWD 76
Growth DCF 31.53 TWD 39.97 TWD 50.91 TWD 72
Gordon GGM 14.49 TWD 22.90 TWD 31.97 TWD 70
All 25 models by family
DCF Models
FCF DCF 30.92 TWD 39.99 TWD 52.25 TWD 38
Owner Earnings 32.88 TWD 42.74 TWD 56.07 TWD 31
5Y Revenue Exit 31.05 TWD 42.61 TWD 56.76 TWD 39
5Y EBITDA Exit 32.34 TWD 44.89 TWD 58.77 TWD 41
5Y P/E Exit 35.98 TWD 51.31 TWD 66.46 TWD 38
10Y Revenue Exit 30.12 TWD 40.24 TWD 52.57 TWD 36
10Y EBITDA Exit 31.58 TWD 41.74 TWD 53.99 TWD 37
10Y P/E Exit 33.79 TWD 45.97 TWD 59.44 TWD 35
Earnings-Based
Graham-Dodd 15.23 TWD 34.11 TWD 43.60 TWD 54
PEG = 1.0 5.55 TWD 7.93 TWD 10.30 TWD 46
EPV 28.40 TWD 31.58 TWD 34.32 TWD 59
Dividend Discount
Gordon GGM 14.49 TWD 22.90 TWD 31.97 TWD 70
DDM Multi-Stage 14.49 TWD 20.78 TWD 27.54 TWD 61
Multiples
P/E Multiple 35.26 TWD 47.02 TWD 58.77 TWD 63
P/S Multiple 28.55 TWD 38.06 TWD 47.58 TWD 58
P/B Multiple 28.55 TWD 38.06 TWD 47.58 TWD 55
EV/EBIT 42.52 TWD 53.93 TWD 65.34 TWD 53
EV/EBITDA 36.84 TWD 46.36 TWD 55.88 TWD 54
EV/Revenue 32.72 TWD 43.19 TWD 53.66 TWD 43
Asset-Based
NCAV (Graham) 6.84 TWD 9.16 TWD 13.67 TWD 50
Growth DCF
Growth DCF 31.53 TWD 39.97 TWD 50.91 TWD 72
Rev-Margin DCF 31.05 TWD 42.88 TWD 55.42 TWD 67
Economic Profit
Residual Income 14.15 TWD 17.45 TWD 34.79 TWD 76
ROIC Compounder 28.98 TWD 32.94 TWD 36.84 TWD 67
Growth Earnings
Growth-Adj P/E 26.34 TWD 37.62 TWD 48.91 TWD 68

Widest divergence: Multiples (43.19 TWD) versus Asset-Based (9.16 TWD). Highest evidence: Residual Income (76).

Notify me when 5902 reaches fair value

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

Key figures & financial health

Revenue (TTM) 2.2B TWD
Revenue growth (YoY) -11.8%
Net margin 9.2%
Return on equity 15.6%
Free cash flow 213M TWD FY2025
P/E ratio 16.3
More key figures
Operating margin 9.9%
EPS (TTM) 2.23 TWD
Dividend yield 4.6%
EPS growth (YoY) -13.7%
Net cash 343M TWD FY2023

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 73 · Market factors (momentum, volatility) 44

Profitability 68
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 99
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 83
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

Tait Marketing & Distribution Co., Ltd., together with its subsidiaries, engages in the marketing, agency, and distribution of various foods, beverages, liquors, and supplies in Taiwan.

Full company description

Tait Marketing & Distribution Co., Ltd., together with its subsidiaries, engages in the marketing, agency, and distribution of various foods, beverages, liquors, and supplies in Taiwan. The company provides beverages, desserts, ice cream, snack food, liquor, and mineral water; and is involved in the bulk material trading, as well as the manufacture and sales of tea beverage products. It sells its products under the KAISI Oolong Teas, TAIT TEA Chilled Oolong Teas, UNI DESSERT Chilled Desserts, Japan NIJIYAs, and Tastes of Korea; and other agent brands. Tait Marketing & Distribution Co., Ltd. was founded in 1845 and is based in Taipei City, Taiwan. Tait Marketing & Distribution Co., Ltd. operates as a subsidiary of Uni-President Enterprises Corp.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tait Marketing & Distribution Co reported revenue of 2.3B TWD in FY2025 versus 1.8B TWD in FY2021, a compound +6.1%/yr. Reported net income was 212M TWD in FY2025, compounding +9.3%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.3B TWD
Latest YoY
+2.9%
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.
+1.4%
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.
+9.0%
Avg. growth/yr (10Y) 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.
+1.4%
Revenue +6.1%/yr
FY21 1.8B TWD
FY22 2.2B TWD
FY23 2.1B TWD
FY24 2.2B TWD
FY25 2.3B TWD
Net income +9.3%/yr
FY21 148M TWD
FY22 184M TWD
FY23 174M TWD
FY24 200M TWD
FY25 212M TWD

Watch 5902: get an alert when its fair value changes →

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). "Tait Marketing & Distribution Co Fair Value". https://www.fairvalue-calculator.com/stock/5902

Peer Group

Food Distribution · 77 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 74 · Top 25%
Fair Value upside +21% · Above median
Return on equity (TTM) 16% · Above median
Return on assets 9% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 10% · Top 25%
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 4.8% · Top 25%

Valuation Multiples vs Food Distribution median · lower = cheaper

P/E (TTM) 15.3× · Cheaper than median
P/B 2.50× · Pricier than median
P/S (TTM) 1.46× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 9.6× · 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 62 · sector 21
FUTURE 0 · sector 14
PAST 62 · sector 36
HEALTH 0 · sector 94
DIVIDEND 97 · sector 42

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 Food Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Sysco Corporation SYY $81.69 $60.58 -26%
US Foods Holding USFD $99.13 $55.10 -44%
Performance Food Group PFGC $113.17 $37.94 -66%
Jerónimo Martins, SGPS, S.A JMT €17.68 €21.59 +22%
CP Axtra Public Company CPAXT 14.90 THB 17.04 THB +14%
The Chefs' Warehouse, Inc CHEF $95.79 $37.27 -61%
Olam Group VC2 1.33 SGD 2.12 SGD +59%
United Natural Foods, Inc UNFI $50.19 $6.00 -88%
The Andersons, Inc ANDE $79.24 $47.78 -40%
Metcash Limited MTS A$2.92 A$5.33 +83%

Compare Tait Marketing & Distribution Co with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Defensive 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 Tait Marketing & Distribution Co (5902) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 41.71 TWD versus a price of 34.35 TWD, about +21% (undervalued).
What is the fair value of 5902?
Our model-based fair value for Tait Marketing & Distribution Co is 41.71 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 34.35 TWD.
What is the quality score of 5902?
Tait Marketing & Distribution Co has a Quality Score of 74/100. 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 Tait Marketing & Distribution Co (5902)?
Tait Marketing & Distribution Co reported trailing-twelve-month revenue of about 2.2B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 5902?
The net profit margin of Tait Marketing & Distribution Co is about 9.2%, meaning it keeps roughly 9.2% of revenue as net income. Based on the latest reported figures.
Does Tait Marketing & Distribution Co pay a dividend?
Tait Marketing & Distribution Co currently shows a dividend yield of about 4.58% relative to its recent price (as of Jul 21, 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 Tait Marketing & Distribution 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.