General Plastic Industrial Co Ltd (6128) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of General Plastic Industrial Co Ltd TWD 21.32, price TWD 19.25, upside +10.8%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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General Plastic Industrial Co., Ltd. engages in the manufacture and sale of toner cartridges of photocopiers, laser printers, and organic photoconductive drum gears. The company offers copier toner cartridge, waste toner container, and remanufactured drum unit; and laser printer toner cartridge products.
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General Plastic Industrial Co., Ltd. engages in the manufacture and sale of toner cartridges of photocopiers, laser printers, and organic photoconductive drum gears. The company offers copier toner cartridge, waste toner container, and remanufactured drum unit; and laser printer toner cartridge products. It also offers personal protective equipment; and project management and logistics services. In addition, the company is involved in the property trading, land development, and tourist hotel businesses; sale of medical supplies; photocopiers rental business; RD, procurement, and supply planning services; and distribution of cartridges and consumables for printers, photocopiers, and fax and multi-function machines. The company serves the medical, automotive electronics, microelectronics, micro/fiber optics, and emerging technologies sectors. It has operations in Taiwan, the United States, the Netherlands, Italy, Mexico, the United Kingdom, France, Germany, Spain, Brazil, and internationally. The company was incorporated in 1978 and is based in Taichung, Taiwan.
Stock analysis
General Plastic Industrial Co Ltd (6128) currently trades at 19.25 TWD, while our model-based Fair Value estimate is 21.32 TWD, implying the stock looks roughly 9.7% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 27.66 TWD per share, and 10 of the 15 models we run sit above the 19.25 TWD price.
Bear case: the Earnings-Based group reads lowest at 10.00 TWD, and 5 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 14.94 TWD (bear) to 21.32 TWD (bull), the price of 19.25 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 47/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
General Plastic Industrial Co Ltd reported revenue of 5.3B TWD in FY2025 versus 4.9B TWD in FY2021, a compound +1.6%/yr. Reported net income was −1.2B TWD in FY2025.
Key figures
Market cap 2.5B TWD (≈ $77.1M) · P/S ratio 0.49 · EPS (TTM) −9.56 TWD · Dividend yield 2.6% · Net margin −23.2% · Return on equity −35.8% · Return on assets (EBIT) 6.0% · Operating margin 4.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at 11%, 6128 screens cheaper than that median.
Fair Value models
Bear 14.94 TWDFair Value 21.32 TWDBull 21.32 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.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.33/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.7%
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.
−2.7%
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.
+4.4%
Start year 2020 (pandemic). Over 10 years: +10.6% a year
Revenue growth 22 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.
+7.4%
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Profit margin (trend) ⓘ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.
6.2% (2020) → 2.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
+20.5%
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 +18.7% a year for the price.
Compare General Plastic Industrial 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.Business Equipment & Supplies · 75 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+11% · Above median
Profitability
Return on assets1% · Below median
Net margin (TTM)−24% · Bottom 25%
Operating margin (TTM)5% · Above median
Growth and dividend
Revenue growth−1% · Below median
Dividend yield (TTM)2.6% · Below median
Balance sheet
Debt / equity0.17× · Highest 25%
Valuation Multiplesvs Business Equipment & Supplies median · lower = cheaper
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Cite: Fair Value Calculator (2026). "General Plastic Industrial Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6128
Frequently asked questions
Is General Plastic Industrial Co Ltd (6128) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 21.32 TWD versus a price of 19.25 TWD, about +11% upside (undervalued).
What is the fair value of 6128?
Our model-based fair value for General Plastic Industrial Co Ltd is 21.32 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 19.25 TWD.
What is the quality score of 6128?
General Plastic Industrial Co Ltd has a Quality Score of 47/100. 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 General Plastic Industrial Co Ltd (6128)?
Our model-based price target is the fair value of 21.32 TWD (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 14.94 TWD, optimistic scenario 21.32 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the General Plastic Industrial Co Ltd stock forecast for 2026?
Our models put fair value at 21.32 TWD, about +11% upside versus a price of 19.25 TWD (undervalued). Cautious scenario 14.94 TWD, optimistic scenario 21.32 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of General Plastic Industrial Co Ltd (6128)?
General Plastic Industrial Co Ltd reported trailing-twelve-month revenue of about 5.2B TWD (latest available figure, as of Sep 24, 2026).
Does General Plastic Industrial Co Ltd pay a dividend?
General Plastic Industrial Co Ltd currently shows a dividend yield of about 2.60% relative to its recent price (as of Sep 24, 2026).
What growth is priced into General Plastic Industrial Co Ltd (6128)?
For today's price to be fair in a discounted-cash-flow model, General Plastic Industrial Co Ltd would have to grow free cash flow by +20.5 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6128 use?
Our models discount General Plastic Industrial Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.21, 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 General Plastic Industrial Co Ltd that is +20.5 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has General Plastic Industrial Co Ltd (6128) delivered so far?
Over the past 5 years revenue at General Plastic Industrial Co Ltd grew +4.4 % a year. The price currently implies +20.5 % 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 General Plastic Industrial Co Ltd (6128) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into General Plastic Industrial Co Ltd (+20.5 % 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 General Plastic Industrial Co Ltd (6128)?
The free-cash-flow yield on the price is 5.22 %: that much free cash flow General Plastic Industrial Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of General Plastic Industrial Co Ltd (6128)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For General Plastic Industrial Co Ltd it is 21.32 TWD per share (as of Sep 24, 2026), against a price of 19.25 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is General Plastic Industrial Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6128 trades below its calculated fair value: price 19.25 TWD, fair value 21.32 TWD, a gap of about +11% (undervalued). 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 6128?
No. The price is what the market pays today (19.25 TWD); the fair value is what the company's own numbers justify (21.32 TWD). For General Plastic Industrial Co Ltd the two are 2.07 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is General Plastic Industrial Co Ltd worth?
The market values General Plastic Industrial Co Ltd at about 2.5B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 19.25 TWD; our models calculate a fair value of 21.32 TWD per share.
What do the bullish and bearish scenarios say about 6128?
Our models span a range for General Plastic Industrial Co Ltd: cautious scenario 14.94 TWD, base 21.32 TWD, optimistic 21.32 TWD per share (as of Sep 24, 2026, price 19.25 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of General Plastic Industrial Co Ltd (6128)?
Balance-sheet figures for General Plastic Industrial Co Ltd (as of Sep 24, 2026): return on equity −35.8%, debt of 0.17 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 6128 from its 52-week high?
General Plastic Industrial Co Ltd trades at 19.25 TWD, about 33% below its 52-week high of 28.70 TWD and 3% above the low of 18.70 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 21.32 TWD is for.
Which stocks are comparable to General Plastic Industrial Co Ltd?
From the same area (Industrials) we also value GRG Banking Equipment Co, Shanghai M&G Stationery Inc, XGD Inc, DOMS Industries Limited, 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 General Plastic Industrial Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 19.25 TWD, calculated fair value 21.32 TWD (+11%), Quality Score 47/100, from 15 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 6128 calculated?
We run General Plastic Industrial Co Ltd through 15 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 21.32 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 13.2 % above its aggregate fair value. General Plastic Industrial Co Ltd currently trades 11 % 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 General Plastic Industrial Co Ltd (6128)?
The closing price on Sep 24, 2026 was 19.25 TWD. Our model-based fair value is 21.32 TWD, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with General Plastic Industrial Co Ltd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of General Plastic Industrial Co Ltd (6128) come from?
Earnings per share at General Plastic Industrial Co Ltd grew −1.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.2 %, EBIT margin −10.9 %, tax rate +1.1 %, residual (interest, one-offs) +0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of General Plastic Industrial Co Ltd
How large is the market capitalisation of General Plastic Industrial Co Ltd (6128)?
The market capitalisation of General Plastic Industrial Co Ltd is 2.5B TWD (≈ $77.1M). 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 General Plastic Industrial Co Ltd (6128)?
The price-to-sales ratio of General Plastic Industrial Co Ltd is 0.49 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of General Plastic Industrial Co Ltd (6128)?
Earnings per share at General Plastic Industrial Co Ltd are −9.56 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of General Plastic Industrial Co Ltd (6128)?
The dividend yield of General Plastic Industrial Co Ltd is 2.6%. 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 General Plastic Industrial Co Ltd (6128)?
The net margin of General Plastic Industrial Co Ltd is −23.2% (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 General Plastic Industrial Co Ltd (6128)?
The return on equity (ROE) of General Plastic Industrial Co Ltd is −35.8% (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 General Plastic Industrial Co Ltd (6128)?
On an EBIT basis the return on assets of General Plastic Industrial Co Ltd is 6.0% (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 General Plastic Industrial Co Ltd (6128)?
The operating margin of General Plastic Industrial Co Ltd is 4.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at General Plastic Industrial Co Ltd (6128)?
Revenue at General Plastic Industrial Co Ltd is growing −1.1% versus a year earlier (3y avg −2.7%). 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 General Plastic Industrial Co Ltd (6128)?
Earnings per share at General Plastic Industrial Co Ltd are growing −41.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does General Plastic Industrial Co Ltd (6128) carry?
The net debt of General Plastic Industrial Co Ltd is 2.0B TWD (fiscal year 2025, ≈ 15.7 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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