Taiwan Union Technology (6274) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Taiwan Union Technology stock TWD 232, price TWD 1,005, that is 77.0% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 34.33 TWD – 1,900 TWD · fair‑value band 162.11 TWD – 301.05 TWD · the 1,005 TWD price screens above the 231.58 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
Follow Taiwan Union Technology in your weekly email
Every Wednesday you see whether Taiwan Union Technology is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Taiwan Union Technology Corporation manufactures and sells copper clad laminates in Asia and internationally.
Show moreShow less
The company offers high frequency, extreme low loss, super low loss, very low loss, low loss, and high thermal reliability laminates, as well as mid and standard loss materials, non-flow/ mid-flow prepregs, and printed circuit boards; and provides mass lamination services to the electronics industry.
Its products are used in radio frequency, high-speed digital, high-density interconnect, automotive, and substrate applications. The company was formerly known as Taiwan Union Glass Industrial Co., Ltd. and changed its name to Taiwan Union Technology Corporation in January 2000.
Taiwan Union Technology Corporation was incorporated in 1974 and is headquartered in Zhubei, Taiwan.
Stock analysis
Taiwan Union Technology (6274) currently trades at 1,005 TWD, while our model-based Fair Value estimate is 231.58 TWD, 77% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 231.58 TWD per share, and 0 of the 16 models we run sit above the 1,005 TWD price.
Bear case: the Asset-Based group reads lowest at 38.88 TWD, and 16 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 162.11 TWD (bear) to 301.05 TWD (bull), the price of 1,005 TWD sits above 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 49/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Taiwan Union Technology reported revenue of 30.3B TWD in FY2025 versus 21.1B TWD in FY2021, a compound +9.5%/yr. Reported net income was 3.4B TWD in FY2025, compounding +16.0%/yr from FY2021.
Key figures
Market cap 290B TWD (≈ $8.8B) Mid · P/E ratio 51.8 · P/S ratio 5.81 · EPS (TTM) 19.42 TWD · Dividend yield 0.7% · Net margin 11.2% · Return on equity 38.5% · Return on assets (EBIT) 10.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 79 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 47% below its 52-week high and 168% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −24% fair-value upside, at −77%, 6274 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (38.88 TWD to 349.80 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear162.11 TWDFair Value 231.58 TWDBull301.05 TWD
Price 1,005 TWD · Downside -77.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (10.12 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.61/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+31.5%
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.
+18.0%
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.
+10.9%
Start year 2020 (pandemic). Over 10 years: +8.9% a year
Revenue growth 19 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.
+7.9%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+13.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.0%
Dividend (yield on the price)0.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13.1% vs 14.7%, steady
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.13% → 14%
2025 sits 172% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
AI conclusion: Advanced grades for AI servers have lifted margins through a better product mix, but negative free cash flow despite positive net income remains a key weakness.
Main risk: Renewed pricing pressure on advanced laminates once AI volume growth normalizes would erode the recent margin gains from the improved product mix.
Taiwan Union Technology has shifted more of its copper clad laminate mix toward advanced grades for AI servers, lifting margins in the latest quarter. Our models see it as overvalued even after the pullback from the high. Does the company lock in durable pricing power from this technology edge or face renewed pressure once volume growth normalizes?
Compare Taiwan Union Technology with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Electronic Components · 650 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−77.0% · Bottom 25%
Profitability
Return on equity (12 months)38.5% · Top 25%
Return on assets8.6% · Top 25%
Net margin (12 months)16.6% · Top 25%
Operating margin (12 months)31.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)122.6% · Top 25%
Dividend yield (12 months)0.7% · Below median
Balance sheet
Debt / equity0.34× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)51.8× · Pricier than median
P/B15.59× · Priciest 25%
P/S (12 months)5.64× · Priciest 25%
EV/EBITDA23.1× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 69
PAST (return on equity)100· sector 28
HEALTH (low debt)83· sector 95
DIVIDEND (yield)15· sector 27
VALUE 0: the price sits above our fair-value range.
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). "Taiwan Union Technology Fair Value". https://www.fairvalue-calculator.com/stock/6274
Frequently asked questions
Is Taiwan Union Technology (6274) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 231.58 TWD versus a price of 1,005 TWD, about 77% lower (overvalued).
What is the fair value of 6274?
Our model-based fair value for Taiwan Union Technology is 231.58 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 1,005 TWD.
What is the quality score of 6274?
Taiwan Union Technology has a Quality Score of 49/100. 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 Taiwan Union Technology (6274)?
Our model-based price target is the fair value of 231.58 TWD (as of Nov 3, 2026) from 16 valuation models. Cautious scenario 162.11 TWD, optimistic scenario 301.05 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Taiwan Union Technology stock forecast for 2026?
Our models put fair value at 231.58 TWD, about 77% lower versus a price of 1,005 TWD (overvalued). Cautious scenario 162.11 TWD, optimistic scenario 301.05 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Taiwan Union Technology (6274)?
Taiwan Union Technology reported trailing-twelve-month revenue of about 51.4B TWD (latest available figure, as of Nov 3, 2026).
Does Taiwan Union Technology pay a dividend?
Taiwan Union Technology currently shows a dividend yield of 0.75% relative to its recent price (as of Nov 3, 2026).
What is the intrinsic value of Taiwan Union Technology (6274)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Taiwan Union Technology it is 231.58 TWD per share (as of Nov 3, 2026), against a price of 1,005 TWD. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Taiwan Union Technology stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 6274 trades above its calculated fair value: price 1,005 TWD, fair value 231.58 TWD, a gap of about −77% (overvalued). 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 6274?
No. The price is what the market pays today (1,005 TWD); the fair value is what the company's own numbers justify (231.58 TWD). For Taiwan Union Technology the two are 773.42 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Taiwan Union Technology worth?
The market values Taiwan Union Technology at about 290B TWD (market capitalisation, as of Nov 3, 2026). Per share that is 1,005 TWD; our models calculate a fair value of 231.58 TWD per share.
What do the bullish and bearish scenarios say about 6274?
Our models span a range for Taiwan Union Technology: cautious scenario 162.11 TWD, base 231.58 TWD, optimistic 301.05 TWD per share (as of Nov 3, 2026, price 1,005 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6274?
Taiwan Union Technology trades at a price-to-earnings ratio of 51.8 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 231.58 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 18.4. Other multiples: P/B 15.6, P/S 5.6, EV/EBITDA 23.1.
How solid is the balance sheet of Taiwan Union Technology (6274)?
Balance-sheet figures for Taiwan Union Technology (as of Nov 3, 2026): return on equity 38.5%, debt of 0.34 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 6274 from its 52-week high?
Taiwan Union Technology trades at 1,005 TWD, about 47% below its 52-week high of 1,900 TWD and 168% above the low of 374.50 TWD (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 231.58 TWD is for.
Which stocks are comparable to Taiwan Union Technology?
From the same area (Technology) we also value Amphenol Corporation, Corning Incorporated, Delta Electronics, Inc, TE Connectivity plc, 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 Taiwan Union Technology stock attractive at the current price?
The data as of Nov 3, 2026: price 1,005 TWD, calculated fair value 231.58 TWD (−77%), Quality Score 49/100, from 16 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 6274 calculated?
We run Taiwan Union Technology through 16 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 231.58 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 15.5% above its aggregate fair value. Taiwan Union Technology itself currently trades above fair value. 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 Taiwan Union Technology (6274)?
The closing price on Nov 5, 2026 was 1,005 TWD. Our model-based fair value is 231.58 TWD, about 77% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Taiwan Union Technology right now?
The price sits above even our optimistic bull case (301.05 TWD). The favourable scenario is already priced in. Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (162.11 TWD to 301.05 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Taiwan Union Technology (6274) come from?
Earnings per share at Taiwan Union Technology grew +7.2 % a year from 2012 to 2023. Broken into its drivers: revenue per share +2.9 %, EBIT margin +5.4 %, tax rate −1.1 %, residual (interest, one-offs) −0.1 %. 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 Taiwan Union Technology
How large is the market capitalisation of Taiwan Union Technology (6274)?
The market capitalisation of Taiwan Union Technology is 290B TWD (≈ $8.8B). 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 Taiwan Union Technology (6274)?
The price-to-sales ratio of Taiwan Union Technology is 5.81 (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 Taiwan Union Technology (6274)?
Earnings per share at Taiwan Union Technology are 19.42 TWD (price ÷ EPS = P/E 51.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Taiwan Union Technology (6274)?
The dividend yield of Taiwan Union Technology is 0.7% (payout 38.6%). 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 Taiwan Union Technology (6274)?
The net margin of Taiwan Union Technology is 11.2% (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 Taiwan Union Technology (6274)?
The return on equity (ROE) of Taiwan Union Technology is 38.5% (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 Taiwan Union Technology (6274)?
On an EBIT basis the return on assets of Taiwan Union Technology is 10.1% (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 Taiwan Union Technology (6274)?
The operating margin of Taiwan Union Technology is 31.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Taiwan Union Technology (6274)?
Revenue at Taiwan Union Technology is growing +123% versus a year earlier (3y avg +18.0%). 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 Taiwan Union Technology (6274)?
Earnings per share at Taiwan Union Technology are growing +269% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Taiwan Union Technology (6274) generate?
The free cash flow of Taiwan Union Technology is −1.4B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Taiwan Union Technology (6274) carry?
The net debt of Taiwan Union Technology is 3.3B TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Taiwan Union Technology in the live analysis
One click puts Taiwan Union Technology on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 3, 2026