Shuang-Bang Industrial (6506) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Shuang-Bang Industrial stock TWD 11.67, price TWD 19.60, that is 40.5% below the price, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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 9, 2026.
How to read this chart
60‑month range 12.70 TWD – 21.20 TWD · fair‑value band 7.45 TWD – 19.53 TWD · the 19.60 TWD price screens above the 11.67 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Shuang-Bang Industrial Corp. develops and manufactures polyurethane (PU) resins for shoes, synthetic leather crosslinkers, and polyol resins in Taiwan.
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It offers synthetic resins, including solvent base resins, PU foam resins, polyester polyol, reactive PUR hot melt adhesives, and PU prepolymer/PU elastomer; water base resins; hardeners, which include methylene dianiline and methylene chloroaniline; and photoinitiators.
The company also provides TPU series products, including blown films, such as moisture permeability and general films; TPU extrusion films, water base PU/TPU and PU/TPU/HMA, solvent base PU/TPU and PU/TPU/HMA, and breathable PU/HMA; granulation products that include TPU pellets and low carbonization-TPU pellets; and footwear.
In addition, it offers direct coating materials, transfer lamination and dot lamination materials, and PU membranes. The company's products are used in sports shoes, medical supplies, clothing, and outdoor/sports goods.
Shuang-Bang Industrial Corp. was founded in 1978 and is headquartered in Nantou City, Taiwan.
Stock analysis
Shuang-Bang Industrial (6506) currently trades at 19.60 TWD, while our model-based Fair Value estimate is 11.67 TWD, 40% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 17.61 TWD per share, and 0 of the 24 models we run sit above the 19.60 TWD price.
Bear case: the Dividend Discount group reads lowest at 8.63 TWD, and 24 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 7.45 TWD (bear) to 19.53 TWD (bull), the price of 19.60 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 58/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Shuang-Bang Industrial reported revenue of 1.9B TWD in FY2025 versus 2.0B TWD in FY2021, a compound −1.8%/yr. Reported net income was 85.3M TWD in FY2025, compounding +5.6%/yr from FY2021.
Key figures
Market cap 1.6B TWD (≈ $49.2M) Micro · P/E ratio 13.2 · P/S ratio 0.79 · EPS (TTM) 1.48 TWD · Dividend yield 5.1% · Net margin 6.2% · Return on equity 11.8% · Return on assets (EBIT) 4.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades about 5% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −40%, 6506 screens cheaper than that median.
Fair Value models
Bear7.45 TWDFair Value 11.67 TWDBull19.53 TWD
Price 19.60 TWD · Downside -40.5%
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 (0.4116 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−1.7%
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.
−5.0%
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.
+3.2%
Start year 2020 (pandemic)
Revenue growth 8 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.
−1.7%
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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. Basis: EBIT basis. 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.
+9.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.9%
Dividend (yield on the price)5.1%
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.5% → 7%
⚠ Revenue per share shrinking 2.3%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+12.9%
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 +11.1% a year for the price.
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.Specialty Chemicals · 728 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−38.7% · Below median
Profitability
Return on equity (12 months)11.8% · Above median
Return on assets3.4% · Above median
Net margin (12 months)6.2% · Above median
Operating margin (12 months)10.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)12.9% · Below median
Dividend yield (12 months)5.1% · Top 25%
Balance sheet
Debt / equity0.44× · Highest 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)13.2× · Cheaper than median
P/B1.23× · Cheaper than median
P/S (12 months)0.79× · Cheaper than median
Price / free cash flow (fiscal year)18.1× · Cheaper than median
EV/EBITDA7.3× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)65· sector 67
PAST (return on equity)47· sector 27
HEALTH (low debt)78· sector 95
DIVIDEND (yield)100· sector 31
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). "Shuang-Bang Industrial Fair Value". https://www.fairvalue-calculator.com/stock/6506
Frequently asked questions
Is Shuang-Bang Industrial (6506) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 11.67 TWD versus a price of 19.60 TWD, about 40% lower (overvalued).
What is the fair value of 6506?
Our model-based fair value for Shuang-Bang Industrial is 11.67 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 19.60 TWD.
What is the quality score of 6506?
Shuang-Bang Industrial has a Quality Score of 58/100. 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 Shuang-Bang Industrial (6506)?
Our model-based price target is the fair value of 11.67 TWD (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 7.45 TWD, optimistic scenario 19.53 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Shuang-Bang Industrial stock forecast for 2026?
Our models put fair value at 11.67 TWD, about 40% lower versus a price of 19.60 TWD (overvalued). Cautious scenario 7.45 TWD, optimistic scenario 19.53 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Shuang-Bang Industrial (6506)?
Shuang-Bang Industrial reported trailing-twelve-month revenue of about 2.0B TWD (latest available figure, as of Nov 9, 2026).
Does Shuang-Bang Industrial pay a dividend?
Shuang-Bang Industrial currently shows a dividend yield of 5.10% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Shuang-Bang Industrial (6506) and when is the ex-dividend date?
Shuang-Bang Industrial pays a dividend of 1.00 TWD per share a year, a dividend yield of 5.1%. The last ex-dividend date was Jul 23, 2026. A dividend has been paid every year since 2010. The payout ratio is 67.6% of earnings. Free cash flow covers the dividend 1.05 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Shuang-Bang Industrial (6506)?
For today's price to be fair in a discounted-cash-flow model, Shuang-Bang Industrial would have to grow free cash flow by +12.9 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.2 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 6506 use?
Our models discount Shuang-Bang Industrial at 9.0 %: a base by market capitalisation (nano), damped by beta 0.42, 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 Shuang-Bang Industrial that is +12.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Shuang-Bang Industrial (6506) delivered so far?
Over the past 5 years revenue at Shuang-Bang Industrial grew +3.2 % a year. The price currently implies free-cash-flow growth of +12.9 % per 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 Shuang-Bang Industrial (6506) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Shuang-Bang Industrial (+12.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shuang-Bang Industrial (6506)?
The free-cash-flow yield on the price is 5.38 %: that much free cash flow Shuang-Bang Industrial produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shuang-Bang Industrial (6506)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shuang-Bang Industrial it is 11.67 TWD per share (as of Nov 9, 2026), against a price of 19.60 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Shuang-Bang Industrial stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 6506 trades above its calculated fair value: price 19.60 TWD, fair value 11.67 TWD, a gap of about −40% (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 6506?
No. The price is what the market pays today (19.60 TWD); the fair value is what the company's own numbers justify (11.67 TWD). For Shuang-Bang Industrial the two are 7.93 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Shuang-Bang Industrial worth?
The market values Shuang-Bang Industrial at about 1.6B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 19.60 TWD; our models calculate a fair value of 11.67 TWD per share.
What do the bullish and bearish scenarios say about 6506?
Our models span a range for Shuang-Bang Industrial: cautious scenario 7.45 TWD, base 11.67 TWD, optimistic 19.53 TWD per share (as of Nov 9, 2026, price 19.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6506?
Shuang-Bang Industrial trades at a price-to-earnings ratio of 13.2 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.67 TWD is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 22.4. Other multiples: P/B 1.2, P/S 0.8, EV/EBITDA 7.3.
How solid is the balance sheet of Shuang-Bang Industrial (6506)?
Balance-sheet figures for Shuang-Bang Industrial (as of Nov 9, 2026): return on equity 11.8%, debt of 0.44 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 6506 from its 52-week high?
Shuang-Bang Industrial trades at 19.60 TWD, about 5% below its 52-week high of 20.70 TWD and 29% above the low of 15.20 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 11.67 TWD is for.
Which stocks are comparable to Shuang-Bang Industrial?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 Shuang-Bang Industrial stock attractive at the current price?
The data as of Nov 9, 2026: price 19.60 TWD, calculated fair value 11.67 TWD (−40%), Quality Score 58/100, from 24 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 6506 calculated?
We run Shuang-Bang Industrial through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 11.67 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Shuang-Bang Industrial 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 Shuang-Bang Industrial (6506)?
The closing price on Nov 9, 2026 was 19.60 TWD. Our model-based fair value is 11.67 TWD, about 40% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shuang-Bang Industrial right now?
The model range is unusually wide (7.45 TWD to 19.53 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Shuang-Bang Industrial
How large is the market capitalisation of Shuang-Bang Industrial (6506)?
The market capitalisation of Shuang-Bang Industrial is 1.6B TWD (≈ $49.2M). 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 Shuang-Bang Industrial (6506)?
The price-to-sales ratio of Shuang-Bang Industrial is 0.79 (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 Shuang-Bang Industrial (6506)?
Earnings per share at Shuang-Bang Industrial are 1.48 TWD (price ÷ EPS = P/E 13.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shuang-Bang Industrial (6506)?
The dividend yield of Shuang-Bang Industrial is 5.1% (payout 67.6%). 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 Shuang-Bang Industrial (6506)?
The net margin of Shuang-Bang Industrial is 6.2% (last twelve months). 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 Shuang-Bang Industrial (6506)?
The return on equity (ROE) of Shuang-Bang Industrial is 11.8% (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 Shuang-Bang Industrial (6506)?
On an EBIT basis the return on assets of Shuang-Bang Industrial is 4.4% (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 Shuang-Bang Industrial (6506)?
The operating margin of Shuang-Bang Industrial is 10.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shuang-Bang Industrial (6506)?
Revenue at Shuang-Bang Industrial is growing +12.9% versus a year earlier (3y avg −5.0%). 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 Shuang-Bang Industrial (6506)?
Earnings per share at Shuang-Bang Industrial are growing +378% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shuang-Bang Industrial (6506) carry?
The net debt of Shuang-Bang Industrial is 757M TWD (fiscal year 2025, ≈ 8.7 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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Thin data
Nov 9, 2026