Taiwan Hopax Chemicals Manufacturing Co (6509) Fair Value & Analysis
Basic Materials · TW · Market cap 9.3B TWD
Fair value as of: Jul 23, 2026
From 25 valuation models · updated 18 days ago
Fair value updated Jul 23, 2026, revised from 49.08 TWD to 48.86 TWD (−0.4%) since Jul 12, 2026. Share price −8.6% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Our model range runs from 36.64 TWD (bear) to 61.07 TWD (bull), base 48.86 TWD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 65/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.
How to read this chart
60‑month range 23.87 TWD – 75.05 TWD · fair‑value band 36.64 TWD – 61.07 TWD · the 47.70 TWD price screens below the 48.86 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
Taiwan Hopax Chemicals Manufacturing Co (6509) currently trades at 47.70 TWD, while our model-based Fair Value estimate is 48.86 TWD, implying the stock looks roughly 2.4% fairly valued today. The Quality Score stands at 65/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Taiwan Hopax Chemicals Manufacturing Co generated revenue of 4.9B TWD at a net margin of 12.9%. Revenue grew 5.3% year over year. It earns a return on equity of 12.5%. Net debt stands at 810M TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 36.64 TWD (bear case) to 61.07 TWD (bull case); at 47.70 TWD, the current price sits within 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 share trades about 10% below its 52-week high and 59% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 2%, 6509 screens cheaper 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.
All 25 models by family
Widest divergence: DCF Models (60.05 TWD) versus Dividend Discount (16.78 TWD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 80
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 Hopax Chemicals Manufacturing Co., Ltd. manufactures, processes, and sells chemical raw materials for pharmaceutical, industrial, paper making, and office stationery industries in Taiwan, rest of Asia, Europe, America, and internationally. It operates through Specialty Chemicals, Fine Chemicals, Office Stationery, and Other segments.
Full company description
Taiwan Hopax Chemicals Manufacturing Co., Ltd. manufactures, processes, and sells chemical raw materials for pharmaceutical, industrial, paper making, and office stationery industries in Taiwan, rest of Asia, Europe, America, and internationally. It operates through Specialty Chemicals, Fine Chemicals, Office Stationery, and Other segments. The company offers paper making chemicals, such as hollow resins, dispersant, lubricants, anionic (cationic) surface sizing agent, ultra-fine dispersant for wet-grinding calcium carbonate, medium alkaline sizing agent, anion neutralizing agent, cohesion enhancer, retention and drainage aid, and titanium dioxide dispersant; and chemical materials for water treatment, including polymers, COD removal agent, fly ash curing agent, metal capturing agent, polyaluminum chloride, sedimentation control agent, geotechnical stabilizer, chelating agent, and dispersant. It also provides NCR chemicals comprising NTR, color developers, microcapsules, spacer, wall materials, and emulsifiers; fine chemicals, including biological cleaning agents, biological buffers, waterborne polyurethane, sulfonate chain modifiers, additives for electroplating and lithium-ion batteries, and aldehyde removal additives; office supplies, such as repositionable self-adhesive products (Stick'N), self-adhesive markers and tapes, sticky products for education purposes, and customized sticky products; and de-formaldehyde removal products, anti-bacterial, home cleaning, pet care, and NBC mesh products. In addition, the company provides office stationery, medical supplies, and biotechnology, as well as engages in investment activities. The company was formerly known as Taiwan Hopax Chemical Industrial Co., Ltd. and changed its name to Taiwan Hopax Chemicals Manufacturing Co., Ltd. in October 1996. Taiwan Hopax Chemicals Manufacturing Co., Ltd. was incorporated in 1975 and is headquartered in Kaohsiung, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Taiwan Hopax Chemicals Manufacturing Co reported revenue of 4.9B TWD in FY2025 versus 4.7B TWD in FY2021, a compound +0.8%/yr. Reported net income was 567M TWD in FY2025, compounding +7.3%/yr from FY2021.
of which total revenue +4.3 pp · buybacks/dilution −0.6 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Specialty Chemicals · 673 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.
Valuation Multiples vs Specialty Chemicals median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $489.98 | $222.03 | -55% |
| Nan Ya Plastics Corporation 1303 | 181.50 TWD | 255.83 TWD | +41% |
| Wanhua Chemical Group 600309 | ¥70.04 | ¥68.03 | -3% |
| Novozymes A/S NSISB | kr 428.20 | kr 179.66 | -58% |
| Asian Paints Limited ASIANPAINT | ₹2,689 | ₹668.81 | -75% |
| Solar Industries India Limited SOLARINDS | ₹18,236 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,560 | ₹351.84 | -77% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
| Linde India Limited LINDEINDIA | ₹7,115 | ₹757.93 | -89% |
| Berger Paints India Limited BERGEPAINT | ₹493.70 | ₹164.29 | -67% |
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Frequently asked questions
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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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