Fu Chun Shin Machinery Manufacture Co Ltd (6603) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Fu Chun Shin Machinery Manufacture Co Ltd stock TWD 10.00, price TWD 22.75, that is 56.0% below the price, quality 44 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 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 7, 2026.
How to read this chart
60‑month range 12.06 TWD – 34.35 TWD · fair‑value band 7.77 TWD – 10.68 TWD · the 22.75 TWD price screens above the 10.00 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Fu Chun Shin Machinery Manufacture Co., Ltd. engages in the manufacturing, processing, trading, and repair of plastic injection machine and molds, electric wires and cables, and plastic products in Taiwan, Mainland China, and internationally.
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It offers single injection products, including all-electric, hydraulic, outward toggle, high-speed thin-wall, high-speed, two-platen, servo power-saving, and PET preform injection molding machines, as well as SA-h IMM for PET blood collection tubes.
The company also provides multi-injection products, including rotary table and shaft two-component, sandwich/interval, and horizontal rotary table two-component injection molding machines.
In addition, it offers special materials, including thermosetting, BMC, PVC pipe, and PET perform injection molding machines.
Further, the company provides mold labeling turnkey, beverage packaging, gas assisted injection molding system, microcellular foaming injection molding machine, high precision injection mold, and other turnkey solutions.
Its products are used in medical appliances, automotive parts, packaging, electronic products, optical elements, housewares, logistics, building components, and PVC fittings applications. The company was founded in 1974 and is headquartered in Tainan City, Taiwan.
Stock analysis
Fu Chun Shin Machinery Manufacture Co Ltd (6603) currently trades at 22.75 TWD, while our model-based Fair Value estimate is 10.00 TWD, 56% 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 11.58 TWD per share, and 1 of the 17 models we run sit above the 22.75 TWD price.
Bear case: the Dividend Discount group reads lowest at 3.66 TWD, and 16 of the 17 models stay below the price. Data coverage for this calculation is low.
Scenario range: 7.77 TWD (bear) to 10.68 TWD (bull), the price of 22.75 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 44/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Fu Chun Shin Machinery Manufacture Co Ltd reported revenue of 5.1B TWD in FY2025 versus 4.3B TWD in FY2021, a compound +4.1%/yr. Reported net income was 100M TWD in FY2025, compounding −3.9%/yr from FY2021.
Key figures
Market cap 3.8B TWD (≈ $114M) Micro · P/E ratio 29.2 · P/S ratio 0.74 · EPS (TTM) 0.7800 TWD · Dividend yield 1.8% · Net margin 2.6% · Return on equity 5.2% · Return on assets (EBIT) 2.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (medium confidence).
What moves the price
The share trades about 34% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −56%, 6603 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.0800 TWD to 70.10 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear7.77 TWDFair Value 10.00 TWDBull10.68 TWD
Price 22.75 TWD · Downside -56.0%
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 (0.3259 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.50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+12.2%
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.
+3.3%
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.
+10.7%
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.
+5.2%
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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.
≈ +45.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +43.3%
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.2% → 4%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.10 per share, median 0.98 in 2017 to 2018). It measures the recovery from the trough, not lasting growth.
Compare Fu Chun Shin Machinery Manufacture Co Ltd with another stock
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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 Industrial Machinery · 813 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Bottom 25%
Fair Value upside−56.0% · Below median
Profitability
Return on equity (12 months)5.2% · Below median
Return on assets1.2% · Below median
Net margin (12 months)2.6% · Below median
Operating margin (12 months)3.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)−3.7% · Below median
Dividend yield (12 months)1.8% · Above median
Balance sheet
Debt / equity0.77× · Highest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)29.2× · Pricier than median
P/B1.46× · Cheaper than median
P/S (12 months)0.74× · Cheapest 25%
EV/EBITDA14.9× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 30
PAST (return on equity)21· sector 28
HEALTH (low debt)61· sector 96
DIVIDEND (yield)35· sector 29
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). "Fu Chun Shin Machinery Manufacture Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6603
Frequently asked questions
Is Fu Chun Shin Machinery Manufacture Co Ltd (6603) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 10.00 TWD versus a price of 22.75 TWD, about 56% lower (overvalued).
What is the fair value of 6603?
Our model-based fair value for Fu Chun Shin Machinery Manufacture Co Ltd is 10.00 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 22.75 TWD.
What is the quality score of 6603?
Fu Chun Shin Machinery Manufacture Co Ltd has a Quality Score of 44/100. 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 Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
Our model-based price target is the fair value of 10.00 TWD (as of Nov 7, 2026) from 17 valuation models. Cautious scenario 7.77 TWD, optimistic scenario 10.68 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Fu Chun Shin Machinery Manufacture Co Ltd stock forecast for 2026?
Our models put fair value at 10.00 TWD, about 56% lower versus a price of 22.75 TWD (overvalued). Cautious scenario 7.77 TWD, optimistic scenario 10.68 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
Fu Chun Shin Machinery Manufacture Co Ltd reported trailing-twelve-month revenue of about 5.1B TWD (latest available figure, as of Nov 7, 2026).
Does Fu Chun Shin Machinery Manufacture Co Ltd pay a dividend?
Fu Chun Shin Machinery Manufacture Co Ltd currently shows a dividend yield of 1.76% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Fu Chun Shin Machinery Manufacture Co Ltd (6603) and when is the ex-dividend date?
Fu Chun Shin Machinery Manufacture Co Ltd pays a dividend of 0.4 TWD per share a year, a dividend yield of 1.8%. The last ex-dividend date was Sep 9, 2026. A dividend has been paid every year since 2011. The payout ratio is 51.3% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fu Chun Shin Machinery Manufacture Co Ltd it is 10.00 TWD per share (as of Nov 7, 2026), against a price of 22.75 TWD. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Fu Chun Shin Machinery Manufacture Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 6603 trades above its calculated fair value: price 22.75 TWD, fair value 10.00 TWD, a gap of about −56% (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 6603?
No. The price is what the market pays today (22.75 TWD); the fair value is what the company's own numbers justify (10.00 TWD). For Fu Chun Shin Machinery Manufacture Co Ltd the two are 12.75 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Fu Chun Shin Machinery Manufacture Co Ltd worth?
The market values Fu Chun Shin Machinery Manufacture Co Ltd at about 3.8B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 22.75 TWD; our models calculate a fair value of 10.00 TWD per share.
What do the bullish and bearish scenarios say about 6603?
Our models span a range for Fu Chun Shin Machinery Manufacture Co Ltd: cautious scenario 7.77 TWD, base 10.00 TWD, optimistic 10.68 TWD per share (as of Nov 7, 2026, price 22.75 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6603?
Fu Chun Shin Machinery Manufacture Co Ltd trades at a price-to-earnings ratio of 29.2 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 10.00 TWD is built from several models across several years. Other multiples: P/B 1.5, P/S 0.7, EV/EBITDA 14.9.
How solid is the balance sheet of Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
Balance-sheet figures for Fu Chun Shin Machinery Manufacture Co Ltd (as of Nov 7, 2026): return on equity 5.2%, debt of 0.77 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 6603 from its 52-week high?
Fu Chun Shin Machinery Manufacture Co Ltd trades at 22.75 TWD, about 34% below its 52-week high of 34.35 TWD and 22% above the low of 18.65 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 10.00 TWD is for.
Which stocks are comparable to Fu Chun Shin Machinery Manufacture Co Ltd?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin 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 Fu Chun Shin Machinery Manufacture Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 22.75 TWD, calculated fair value 10.00 TWD (−56%), Quality Score 44/100, from 17 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 6603 calculated?
We run Fu Chun Shin Machinery Manufacture Co Ltd through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 10.00 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. Fu Chun Shin Machinery Manufacture Co Ltd 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 Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
The closing price on Nov 6, 2026 was 22.75 TWD. Our model-based fair value is 10.00 TWD, about 56% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fu Chun Shin Machinery Manufacture Co Ltd right now?
The price sits above even our optimistic bull case (10.68 TWD). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Fu Chun Shin Machinery Manufacture Co Ltd
How large is the market capitalisation of Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
The market capitalisation of Fu Chun Shin Machinery Manufacture Co Ltd is 3.8B TWD (≈ $114M). 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 Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
The price-to-sales ratio of Fu Chun Shin Machinery Manufacture Co Ltd is 0.74 (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 Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
Earnings per share at Fu Chun Shin Machinery Manufacture Co Ltd are 0.7800 TWD (price ÷ EPS = P/E 29.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
The dividend yield of Fu Chun Shin Machinery Manufacture Co Ltd is 1.8% (payout 51.3%). 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 Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
The net margin of Fu Chun Shin Machinery Manufacture Co Ltd is 2.6% (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 Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
The return on equity (ROE) of Fu Chun Shin Machinery Manufacture Co Ltd is 5.2% (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 Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
On an EBIT basis the return on assets of Fu Chun Shin Machinery Manufacture Co Ltd is 2.9% (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 Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
The operating margin of Fu Chun Shin Machinery Manufacture Co Ltd is 3.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
Revenue at Fu Chun Shin Machinery Manufacture Co Ltd is growing −3.7% versus a year earlier (3y avg +3.3%). 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 Fu Chun Shin Machinery Manufacture Co Ltd (6603)?
Earnings per share at Fu Chun Shin Machinery Manufacture Co Ltd are growing +50.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fu Chun Shin Machinery Manufacture Co Ltd (6603) generate?
The free cash flow of Fu Chun Shin Machinery Manufacture Co Ltd is −116M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Fu Chun Shin Machinery Manufacture Co Ltd (6603) carry?
The net debt of Fu Chun Shin Machinery Manufacture Co Ltd is 2.2B TWD (fiscal year 2025). 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 7, 2026