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Shin Foong Specialty and Applied Materials Co (6582) Fair Value & Analysis

Basic Materials · TW · Market cap 3.4B TWD

SF Shin Foong Specialty and Applied Materials Co 6582 · TW
Price32.70 TWD
Fair Value23.14 TWD
Upside-29.2%
Quality46/100
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Strengths

generates free cash flow

Risks

!Trades 41% ABOVE our fair value of 23.14 TWD
!Weak Growth (revenue 5y −31.0 %/yr)
!Loss-making · -8.8% net margin
!Mixed vs. peers (4/10)
Weak Growth (revenue 5y −31.0 %/yr)
Loss-making · -8.8% net margin
generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 13/100
Evidence: Medium Range 16.18 TWD – 30.10 TWD Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated 12 days ago

Fair value updated Aug 13, 2026, revised from 11.57 TWD to 23.14 TWD (+100.0%) since Jul 23, 2026. Share price +1.2% over the past month.

Below-average quality, and trading another 41% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (30.10 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (16.18 TWD to 30.10 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

275.16 TWD 29.10 TWD Fair Value 23.14 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 29.10 TWD – 275.16 TWD · fair‑value band 16.18 TWD – 30.10 TWD · the 32.70 TWD price screens above the 23.14 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Shin Foong Specialty and Applied Materials Co (6582) currently trades at 32.70 TWD, while our model-based Fair Value estimate is 23.14 TWD, implying the stock looks roughly 29.2% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Basic Materials 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: medium).

Over the trailing twelve months, Shin Foong Specialty and Applied Materials Co generated revenue of 821M TWD at a net margin of -5.3%. Revenue declined 72.7% year over year. It earns a return on equity of -0.7%. Net debt stands at 4.0M TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 16.18 TWD (bear case) to 30.10 TWD (bull case); at 32.70 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 share trades about 19% below its 52-week high and 13% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at -29%, 6582 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.

Model 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
Highest evidence
Growth DCF 9.59 TWD 12.74 TWD 17.95 TWD 72
Gordon GGM 8.78 TWD 9.57 TWD 10.76 TWD 70
Rev-Margin DCF 8.31 TWD 12.04 TWD 16.64 TWD 67
All 9 models by family
DCF Models
FCF DCF 9.21 TWD 12.48 TWD 18.35 TWD 38
5Y Revenue Exit 8.31 TWD 11.83 TWD 16.93 TWD 39
10Y Revenue Exit 8.41 TWD 11.01 TWD 13.79 TWD 36
Dividend Discount
Gordon GGM 8.78 TWD 9.57 TWD 10.76 TWD 70
DDM Multi-Stage 8.78 TWD 10.85 TWD 13.68 TWD 61
Multiples
EV/Revenue 8.39 TWD 11.87 TWD 15.35 TWD 43
Asset-Based
NCAV (Graham) 29.77 TWD 39.90 TWD 59.55 TWD 50
Growth DCF
Growth DCF 9.59 TWD 12.74 TWD 17.95 TWD 72
Rev-Margin DCF 8.31 TWD 12.04 TWD 16.64 TWD 67

Widest divergence: Asset-Based (39.90 TWD) versus Dividend Discount (9.57 TWD). Highest evidence: Growth DCF (72).

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Key figures & financial health

P/S ratio 5.57 TTM
Net margin -8.8% TTM
Return on equity -0.9% TTM
Return on assets -2.0% TTM
Operating margin -44.1% TTM
EPS (TTM) -0.4100 TWD
More key figures
Growth
Revenue (TTM) 616M TWD TTM
Revenue growth (YoY) -66.4% 3y avg -21.6%
EPS growth (YoY) -35.1%
Balance sheet & cash flow
Free cash flow 102M TWD FY2025
Net debt 4.0M TWD FY2025 · ≈ 0.0 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 49 · Market factors (momentum, volatility) 54

Profitability 6
Margins and returns on capital today
Quality Growth 6
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Shin Foong Specialty and Applied Materials Co., Ltd. manufactures and sells synthetic latex products in Taiwan. The company offers synthetic SBR, NBR, acrylic, and bio-latex, that is applied to color layer of thermal paper.

Full company description

Shin Foong Specialty and Applied Materials Co., Ltd. manufactures and sells synthetic latex products in Taiwan. The company offers synthetic SBR, NBR, acrylic, and bio-latex, that is applied to color layer of thermal paper. Its products are used in various applications, such as adhesive, paper, building and construction, fiber and textile, plastic-free solutions, eco-energy, medical and healthcare, and other specialty solutions. The company was formerly known as Shin Foong Chemical Industry Co., Ltd and changed its name to Shin Foong Specialty and Applied Materials Co., Ltd. in September 2016. Shin Foong Specialty and Applied Materials Co., Ltd. was founded in 1979 and is headquartered in Pingtung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shin Foong Specialty and Applied Materials Co reported revenue of 821M TWD in FY2025 versus 8.2B TWD in FY2021, a compound −43.7%/yr. Reported net income was −43.3M TWD in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
821M TWD
Latest YoY
−51.9%
Avg. revenue growth/yr (3Y) 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.
−21.6%
Avg. revenue growth/yr (5Y) 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.
−31.0%
Avg. revenue growth/yr (12Y) 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.
−10.1%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −43.7%/yr
FY21 8.2B TWD
FY22 1.7B TWD
FY23 894M TWD
FY24 1.7B TWD
FY25 821M TWD
Net income
FY21 3.5B TWD
FY22 175M TWD
FY23 −108M TWD
FY24 105M TWD
FY25 −43.3M TWD

6582 screens 29% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Shin Foong Specialty and Applied Materials Co Fair Value". https://www.fairvalue-calculator.com/stock/6582

Peer Group

Specialty Chemicals · 694 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 46 · Below median
Fair Value upside −29% · Above median
Return on assets -2% · Bottom 25%
Net margin (TTM) -9% · Bottom 25%
Operating margin (TTM) -44% · Bottom 25%
Revenue growth -66% · Bottom 25%
Dividend yield (TTM) 3.2% · Top 25%

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/S (TTM) 0.18× · Cheaper than 75% of peers
P/FCF 1.1× · Cheaper than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 19
PAST0 · sector 23
HEALTH0 · sector 95
DIVIDEND63 · sector 30

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

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 -74%
PPG Industries, Inc PPG $112.81 $71.31 -37%

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Frequently asked questions

Is Shin Foong Specialty and Applied Materials Co (6582) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 23.14 TWD versus a price of 32.70 TWD, about −29% (overvalued).
What is the fair value of 6582?
Our model-based fair value for Shin Foong Specialty and Applied Materials Co is 23.14 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 32.70 TWD.
What is the quality score of 6582?
Shin Foong Specialty and Applied Materials Co has a Quality Score of 46/100. 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 revenue of Shin Foong Specialty and Applied Materials Co (6582)?
Shin Foong Specialty and Applied Materials Co reported trailing-twelve-month revenue of about 821M TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6582?
The net profit margin of Shin Foong Specialty and Applied Materials Co is about -5.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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