Huikwang (6508) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Huikwang TWD 33.10, price TWD 27.35, upside +21.0%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 23.15 TWD – 55.17 TWD · the 27.35 TWD price screens below the 33.10 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Huikwang Corporation engages in the manufacturing, synthesis, processing, packaging, and sales of various pesticides, fertilizers, and environmental hygiene agents. The company operates through Agricultural Science Business Group; Environmental Science and Technology Group; and Other segments.
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Huikwang Corporation engages in the manufacturing, synthesis, processing, packaging, and sales of various pesticides, fertilizers, and environmental hygiene agents. The company operates through Agricultural Science Business Group; Environmental Science and Technology Group; and Other segments. It is also involved in the manufacturing of plastic sheets, cloth, boards and pipes, and plastic films and bags; manufacturing of industrial plastic products; import and export trade of other products; production of micronutrient fertilizers and organic fertilizers; and production of geosynthetic materials, as well as general Investment business. The company operates in Taiwan, Mainland China, Brazil, Vietnam, Japan, Thailand, Mongolia, Arab, Zimbabwe, Bangladesh, South America, Australia, Asia, the United States, and internationally. Huikwang Corporation was founded in 1954 and is based in Tainan City, Taiwan.
Stock analysis
Huikwang (6508) currently trades at 27.35 TWD, while our model-based Fair Value estimate is 33.10 TWD, implying the stock looks roughly 17.4% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 22.21 TWD per share, and 2 of the 22 models we run sit above the 27.35 TWD price.
Bear case: the Growth Earnings group reads lowest at 3.45 TWD, and 20 of the 22 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Huikwang reported revenue of 1.4B TWD in FY2025 versus 2.1B TWD in FY2021, a compound −9.1%/yr. Reported net income was 23.0M TWD in FY2025, compounding −48.6%/yr from FY2021.
Key figures
Market cap 2.4B TWD (≈ $74.3M) · P/E ratio 26.8 · P/S ratio 0.43 · EPS (TTM) 1.02 TWD · Dividend yield 1.8% · Net margin 1.6% · Return on equity 3.7% · Return on assets (EBIT) 7.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 21%, 6508 screens cheaper than that median.
Fair Value models
Bear 33.10 TWDFair Value 33.10 TWDBull 33.10 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 (0.3818 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−4.1%
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.
−17.0%
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.
−5.0%
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.
−4.6%
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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.
−35.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−36.9%
Dividend (yield on the price)1.8%
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.14% → 4%
⚠ Revenue per share shrinking 5.9%/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).
+2.9%
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 +1.3% 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.Agricultural Inputs · 180 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+21% · Above median
Profitability
Return on equity (TTM)4% · Below median
Return on assets1% · Bottom 25%
Net margin (TTM)7% · Above median
Operating margin (TTM)9% · Above median
Growth and dividend
Revenue growth−18% · Bottom 25%
Dividend yield (TTM)1.8% · Below median
Valuation Multiplesvs Agricultural Inputs median · lower = cheaper
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). "Huikwang Fair Value". https://www.fairvalue-calculator.com/stock/6508
Frequently asked questions
Is Huikwang (6508) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 33.10 TWD versus a price of 27.35 TWD, about +21% upside (undervalued).
What is the fair value of 6508?
Our model-based fair value for Huikwang is 33.10 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 27.35 TWD.
What is the quality score of 6508?
Huikwang has a Quality Score of 66/100. 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 Huikwang (6508)?
Our model-based price target is the fair value of 33.10 TWD (as of Sep 24, 2026) from 22 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Huikwang stock forecast for 2026?
Our models put fair value at 33.10 TWD, about +21% upside versus a price of 27.35 TWD (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of Huikwang (6508)?
Huikwang reported trailing-twelve-month revenue of about 1.3B TWD (latest available figure, as of Sep 24, 2026).
Does Huikwang pay a dividend?
Huikwang currently shows a dividend yield of about 1.83% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Huikwang (6508)?
For today's price to be fair in a discounted-cash-flow model, Huikwang would have to grow free cash flow by +2.9 % 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 -5.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6508 use?
Our models discount Huikwang 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 Huikwang that is +2.9 % 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 Huikwang (6508) delivered so far?
Over the past 5 years revenue at Huikwang grew -5.0 % a year. The price currently implies +2.9 % 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 Huikwang (6508) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Huikwang (+2.9 % 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 Huikwang (6508)?
The free-cash-flow yield on the price is 8.07 %: that much free cash flow Huikwang 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 Huikwang (6508)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Huikwang it is 33.10 TWD per share (as of Sep 24, 2026), against a price of 27.35 TWD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Huikwang stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6508 trades below its calculated fair value: price 27.35 TWD, fair value 33.10 TWD, a gap of about +21% (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 6508?
No. The price is what the market pays today (27.35 TWD); the fair value is what the company's own numbers justify (33.10 TWD). For Huikwang the two are 5.75 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Huikwang worth?
The market values Huikwang at about 2.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 27.35 TWD; our models calculate a fair value of 33.10 TWD per share.
What is the P/E ratio of 6508?
Huikwang trades at a price-to-earnings ratio of 26.8 (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 33.10 TWD is built from several models across several years. Other multiples: P/B 1.0, P/S 1.8, EV/EBITDA 20.4.
How solid is the balance sheet of Huikwang (6508)?
Balance-sheet figures for Huikwang (as of Sep 24, 2026): return on equity 3.7%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 6508 from its 52-week high?
Huikwang trades at 27.35 TWD, about 7% below its 52-week high of 29.30 TWD and 18% above the low of 23.15 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 33.10 TWD is for.
Which stocks are comparable to Huikwang?
From the same area (Basic Materials) we also value Corteva, Inc, Nutrien Ltd, Qinghai Salt Lake Industry Co, CF Industries Holdings, 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 Huikwang stock attractive at the current price?
The data as of Sep 24, 2026: price 27.35 TWD, calculated fair value 33.10 TWD (+21%), Quality Score 66/100, from 22 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 6508 calculated?
We run Huikwang through 22 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 33.10 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. Huikwang currently trades 21 % 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 Huikwang (6508)?
The closing price on Sep 24, 2026 was 27.35 TWD. Our model-based fair value is 33.10 TWD, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Huikwang right now?
The price is below even our cautious bear case (33.10 TWD). The market is more pessimistic than our downside scenario. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Huikwang
How large is the market capitalisation of Huikwang (6508)?
The market capitalisation of Huikwang is 2.4B TWD (≈ $74.3M). 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 Huikwang (6508)?
The price-to-sales ratio of Huikwang is 0.43 (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 Huikwang (6508)?
Earnings per share at Huikwang are 1.02 TWD (price ÷ EPS = P/E 26.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Huikwang (6508)?
The dividend yield of Huikwang is 1.8% (payout 49.0%). 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 Huikwang (6508)?
The net margin of Huikwang is 1.6% (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 Huikwang (6508)?
The return on equity (ROE) of Huikwang is 3.7% (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 Huikwang (6508)?
On an EBIT basis the return on assets of Huikwang is 7.1% (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 Huikwang (6508)?
The operating margin of Huikwang is 9.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Huikwang (6508)?
Revenue at Huikwang is growing −18.4% versus a year earlier (3y avg −17.0%). 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 Huikwang (6508)?
Earnings per share at Huikwang are growing −11.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Huikwang (6508) hold?
Huikwang holds more cash than debt, 389M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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