Tait Marketing & Distribution Co Ltd (5902) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Tait Marketing & Distribution Co Ltd TWD 37.29, price TWD 34.25, upside +8.9%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
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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.
Stock analysis
Tait Marketing & Distribution Co Ltd (5902) currently trades at 34.25 TWD, while our model-based Fair Value estimate is 37.29 TWD, implying the stock looks roughly 8.2% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 43.19 TWD per share, and 14 of the 25 models we run sit above the 34.25 TWD price.
Bear case: the Asset-Based group reads lowest at 9.16 TWD, and 11 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: 26.34 TWD (bear) to 46.93 TWD (bull), the price of 34.25 TWD sits inside 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 74/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Tait Marketing & Distribution Co Ltd 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.
Key figures
Market cap 3.2B TWD (≈ $102M) · P/E ratio 15.4 · P/S ratio 1.42 · EPS (TTM) 2.23 TWD · Dividend yield 4.8% · Net margin 9.3% · Return on equity 15.6% · Return on assets (EBIT) 14.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −10% fair-value upside, at 9%, 5902 screens cheaper than that median.
Fair Value models
Bear 26.34 TWDFair Value 37.29 TWDBull 46.93 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 (0.4259 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.83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.9%
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.
+1.4%
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.
+9.0%
Start year 2020 (pandemic). Over 10 years: +1.4% a year
Revenue growth 10 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.
+1.4%
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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.
+15.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.3%
Dividend (yield on the price)4.8%
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.10% → 11%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+9.9%
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 +8.2% a year for the price.
Compare Tait Marketing & Distribution Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Food Distribution · 83 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside+9% · Above median
Profitability
Return on equity (TTM)16% · Above median
Return on assets9% · Top 25%
Net margin (TTM)9% · Top 25%
Operating margin (TTM)10% · Top 25%
Growth and dividend
Revenue growth−12% · Bottom 25%
Dividend yield (TTM)4.8% · Top 25%
Valuation Multiplesvs Food Distribution median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Tait Marketing & Distribution Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/5902
Frequently asked questions
Is Tait Marketing & Distribution Co Ltd (5902) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 37.29 TWD versus a price of 34.25 TWD, about +9% upside (fairly valued).
What is the fair value of 5902?
Our model-based fair value for Tait Marketing & Distribution Co Ltd is 37.29 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 34.25 TWD.
What is the quality score of 5902?
Tait Marketing & Distribution Co Ltd 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 price target for Tait Marketing & Distribution Co Ltd (5902)?
Our model-based price target is the fair value of 37.29 TWD (as of Sep 24, 2026) from 25 valuation models. Cautious scenario 26.34 TWD, optimistic scenario 46.93 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Tait Marketing & Distribution Co Ltd stock forecast for 2026?
Our models put fair value at 37.29 TWD, about +9% upside versus a price of 34.25 TWD (fairly valued). Cautious scenario 26.34 TWD, optimistic scenario 46.93 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Tait Marketing & Distribution Co Ltd (5902)?
Tait Marketing & Distribution Co Ltd reported trailing-twelve-month revenue of about 2.2B TWD (latest available figure, as of Sep 24, 2026).
Does Tait Marketing & Distribution Co Ltd pay a dividend?
Tait Marketing & Distribution Co Ltd currently shows a dividend yield of about 4.82% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Tait Marketing & Distribution Co Ltd (5902)?
For today's price to be fair in a discounted-cash-flow model, Tait Marketing & Distribution Co Ltd would have to grow free cash flow by +9.9 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 5902 use?
Our models discount Tait Marketing & Distribution Co Ltd at 13.3 %: a base by market capitalisation (micro), 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 Tait Marketing & Distribution Co Ltd that is +9.9 % per year a year over ten years, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Tait Marketing & Distribution Co Ltd (5902) delivered so far?
Over the past 5 years revenue at Tait Marketing & Distribution Co Ltd grew +9.0 % a year. The price currently implies +9.9 % 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 Tait Marketing & Distribution Co Ltd (5902) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into Tait Marketing & Distribution Co Ltd (+9.9 % 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 Tait Marketing & Distribution Co Ltd (5902)?
The free-cash-flow yield on the price is 6.57 %: that much free cash flow Tait Marketing & Distribution Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tait Marketing & Distribution Co Ltd (5902)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tait Marketing & Distribution Co Ltd it is 37.29 TWD per share (as of Sep 24, 2026), against a price of 34.25 TWD. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Tait Marketing & Distribution Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 5902 trades below its calculated fair value: price 34.25 TWD, fair value 37.29 TWD, a gap of about +9% (fairly valued). 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 5902?
No. The price is what the market pays today (34.25 TWD); the fair value is what the company's own numbers justify (37.29 TWD). For Tait Marketing & Distribution Co Ltd the two are 3.04 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Tait Marketing & Distribution Co Ltd worth?
The market values Tait Marketing & Distribution Co Ltd at about 3.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 34.25 TWD; our models calculate a fair value of 37.29 TWD per share.
What do the bullish and bearish scenarios say about 5902?
Our models span a range for Tait Marketing & Distribution Co Ltd: cautious scenario 26.34 TWD, base 37.29 TWD, optimistic 46.93 TWD per share (as of Sep 24, 2026, price 34.25 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5902?
Tait Marketing & Distribution Co Ltd trades at a price-to-earnings ratio of 15.4 (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 37.29 TWD is built from several models across several years. Other multiples: P/B 2.5, P/S 1.5, EV/EBITDA 9.6.
How solid is the balance sheet of Tait Marketing & Distribution Co Ltd (5902)?
Balance-sheet figures for Tait Marketing & Distribution Co Ltd (as of Sep 24, 2026): return on equity 15.6%. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is 5902 from its 52-week high?
Tait Marketing & Distribution Co Ltd trades at 34.25 TWD, about 24% below its 52-week high of 44.83 TWD and 5% above the low of 32.65 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 37.29 TWD is for.
Which stocks are comparable to Tait Marketing & Distribution Co Ltd?
From the same area (Consumer Defensive) we also value Sysco Corporation, US Foods Holding, Performance Food Group, Jerónimo Martins, SGPS, S.A, 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 Tait Marketing & Distribution Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 34.25 TWD, calculated fair value 37.29 TWD (+9%), Quality Score 74/100, from 25 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 5902 calculated?
We run Tait Marketing & Distribution Co Ltd through 25 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 37.29 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 14.0 % above its aggregate fair value. Tait Marketing & Distribution Co Ltd currently trades 9 % below its own fair value, and the market average says nothing about that. 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 Tait Marketing & Distribution Co Ltd (5902)?
The closing price on Sep 24, 2026 was 34.25 TWD. Our model-based fair value is 37.29 TWD, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tait Marketing & Distribution Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Tait Marketing & Distribution Co Ltd
How large is the market capitalisation of Tait Marketing & Distribution Co Ltd (5902)?
The market capitalisation of Tait Marketing & Distribution Co Ltd is 3.2B TWD (≈ $102M). 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 Tait Marketing & Distribution Co Ltd (5902)?
The price-to-sales ratio of Tait Marketing & Distribution Co Ltd is 1.42 (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 Tait Marketing & Distribution Co Ltd (5902)?
Earnings per share at Tait Marketing & Distribution Co Ltd are 2.23 TWD (price ÷ EPS = P/E 15.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tait Marketing & Distribution Co Ltd (5902)?
The dividend yield of Tait Marketing & Distribution Co Ltd is 4.8% (payout 74.0%). 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 Tait Marketing & Distribution Co Ltd (5902)?
The net margin of Tait Marketing & Distribution Co Ltd is 9.3% (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 Tait Marketing & Distribution Co Ltd (5902)?
The return on equity (ROE) of Tait Marketing & Distribution Co Ltd is 15.6% (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 Tait Marketing & Distribution Co Ltd (5902)?
On an EBIT basis the return on assets of Tait Marketing & Distribution Co Ltd is 14.2% (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 Tait Marketing & Distribution Co Ltd (5902)?
The operating margin of Tait Marketing & Distribution Co Ltd is 9.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tait Marketing & Distribution Co Ltd (5902)?
Revenue at Tait Marketing & Distribution Co Ltd is growing −11.8% versus a year earlier (3y avg +1.4%). 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 Tait Marketing & Distribution Co Ltd (5902)?
Earnings per share at Tait Marketing & Distribution Co Ltd are growing −13.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Tait Marketing & Distribution Co Ltd (5902) hold?
Tait Marketing & Distribution Co Ltd holds more cash than debt, 343M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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