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Taiwan Union Technology Corporation (6274) Fair Value & Analysis

Technology · TW · Market cap 338B TWD

TU Taiwan Union Technology Corporation 6274 · TWO
Price1,530 TWD
Fair Value187.06 TWD
Upside-87.8%
Quality52/100
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Expensive Growth
Solidly profitable · 11.8% net margin
Low debt · negative free cash flow
0.58% dividend yield
Mixed vs. peers (6/13)
Wide moat 67/100
Evidence: High Range 130.94 TWD – 243.18 TWD Share as image

Fair value as of: Jul 19, 2026

From 17 valuation models · updated 19 days ago

Share price −2.9% over the past month.

A solid business, but screening 88% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (243.18 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (130.94 TWD to 243.18 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1,900 TWD 34.33 TWD Fair Value 187.06 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 34.33 TWD – 1,900 TWD · fair‑value band 130.94 TWD – 243.18 TWD · the 1,530 TWD price screens above the 187.06 TWD fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Taiwan Union Technology Corporation (6274) currently trades at 1,530 TWD, while our model-based Fair Value estimate is 187.06 TWD, implying the stock looks roughly 87.8% overvalued today. We read business quality at 52/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Taiwan Union Technology Corporation generated revenue of 34.0B TWD at a net margin of 11.8%. Revenue grew 57.8% year over year. It earns a return on equity of 25.4%. Net debt stands at 3.3B TWD. Fundamentals as of Jul 19, 2026

Our scenario range runs from 130.94 TWD (bear case) to 243.18 TWD (bull case); at 1,530 TWD, the current price sits above 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 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 16% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -88%, 6274 screens richer 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 BearBaseBull Evidence
Highest evidence
Residual Income 79.22 TWD 100.10 TWD 304.16 TWD 76
ROIC Compounder 135.21 TWD 182.10 TWD 243.15 TWD 72
Gordon GGM 59.87 TWD 130.71 TWD 219.93 TWD 70
All 17 models by family
DCF Models
Owner Earnings 78.67 TWD 137.04 TWD 236.06 TWD 31
Earnings-Based
Graham-Dodd 80.30 TWD 303.90 TWD 411.32 TWD 54
Lynch FV 73.65 TWD 105.21 TWD 136.78 TWD 50
PEG = 1.0 73.65 TWD 105.21 TWD 136.78 TWD 46
EPV 121.37 TWD 143.49 TWD 163.15 TWD 59
Dividend Discount
Gordon GGM 59.87 TWD 130.71 TWD 219.93 TWD 70
DDM Multi-Stage 59.87 TWD 107.08 TWD 136.22 TWD 61
Multiples
P/E Multiple 177.13 TWD 236.17 TWD 295.22 TWD 63
P/S Multiple 150.56 TWD 200.75 TWD 250.93 TWD 58
P/B Multiple 145.07 TWD 193.43 TWD 241.78 TWD 55
EV/EBIT 199.21 TWD 266.92 TWD 334.64 TWD 53
EV/EBITDA 158.28 TWD 212.35 TWD 266.43 TWD 54
EV/Revenue 132.99 TWD 191.68 TWD 250.37 TWD 43
Asset-Based
NCAV (Graham) 32.24 TWD 43.20 TWD 64.48 TWD 50
Economic Profit
Residual Income 79.22 TWD 100.10 TWD 304.16 TWD 76
ROIC Compounder 135.21 TWD 182.10 TWD 243.15 TWD 72
Growth Earnings
Growth-Adj P/E 130.94 TWD 187.06 TWD 243.18 TWD 68

Widest divergence: Multiples (200.75 TWD) versus Asset-Based (43.20 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 34.0B TWD
Revenue growth (YoY) +57.8%
Net margin 11.8%
Return on equity 25.4%
Free cash flow −1.4B TWD FY2025
P/E ratio 84.1
More key figures
Operating margin 18.2%
EPS (TTM) 13.92 TWD
Dividend yield 0.6%
EPS growth (YoY) +81.1%
Net debt 3.3B TWD FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 45 · Market factors (momentum, volatility) 67

Profitability 52
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 88
Distance to the 52-week high (market factor)
Net Issuance 63
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

Taiwan Union Technology Corporation manufactures and sells copper clad laminates in Asia and internationally. 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 …

Full company description

Taiwan Union Technology Corporation manufactures and sells copper clad laminates in Asia and internationally. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Taiwan Union Technology Corporation 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.

Growth Quality 61/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
30.3B TWD
Latest YoY
+31.5%
Avg. growth/yr (3Y)
+18.0%
Avg. growth/yr (5Y)
+10.9%
Avg. growth/yr (19Y)
+7.9%
Revenue +9.5%/yr
FY21 21.1B TWD
FY22 18.5B TWD
FY23 16.0B TWD
FY24 23.1B TWD
FY25 30.3B TWD
Net income +16.0%/yr
FY21 1.9B TWD
FY22 1.3B TWD
FY23 823M TWD
FY24 2.6B TWD
FY25 3.4B TWD

6274 screens 88% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Taiwan Union Technology Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6274

Peer Group

Electronic Components · 626 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 52 · Above median
Fair Value upside −88% · Bottom 25%
Return on equity (TTM) 25% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 58% · Top 25%
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.34× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 84.1× · Pricier than 75% of peers
P/B 18.15× · Pricier than 75% of peers
P/S (TTM) 9.93× · Pricier than 75% of peers
EV/EBITDA 59.3× · Pricier than 75% of peers

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 0 · sector 0
FUTURE 100 · sector 32
PAST 100 · sector 24
HEALTH 83 · sector 95
DIVIDEND 12 · sector 24

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Taiwan Union Technology Corporation (6274) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 187.06 TWD versus a price of 1,530 TWD, about −88% (overvalued).
What is the fair value of 6274?
Our model-based fair value for Taiwan Union Technology Corporation is 187.06 TWD (as of Jul 19, 2026), built from audited fundamentals. The current price is 1,530 TWD.
What is the quality score of 6274?
Taiwan Union Technology Corporation has a Quality Score of 52/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Taiwan Union Technology Corporation (6274)?
Taiwan Union Technology Corporation reported trailing-twelve-month revenue of about 34.0B TWD (latest available figure, as of Jul 19, 2026).
What is the net profit margin of 6274?
The net profit margin of Taiwan Union Technology Corporation is about 11.8%, meaning it keeps roughly 11.8% of revenue as net income. Based on the latest reported figures.
Does Taiwan Union Technology Corporation pay a dividend?
Taiwan Union Technology Corporation currently shows a dividend yield of about 0.44% relative to its recent price (as of Jul 19, 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.

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