Ever-Clear Environmental Eng. Corp. (6624) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Ever-Clear Environmental Eng. Corp. stock TWD 13.97, price TWD 34.70, that is 59.7% below the price, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 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 25.06 TWD – 72.00 TWD · fair‑value band 13.54 TWD – 14.81 TWD · the 34.70 TWD price screens above the 13.97 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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Ever-Clear Environmental Eng. Corp. engages in the wastewater treatment and equipment installation engineering in Taiwan.
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The company involved in the evaluation/process design/detailed design of wastewater/sludge/underground water/organic waste gas treatment; upgrade or expansion of existed wastewater or organic waste gas treatment plant; reuse of industrial wastewater; and organic waste gas treatment equipment manufacturing and turnkey services.
It provides fine screens, flow measuring tanks, sludge scrapers, anaerobic biological treatment equipment, floating decanter system of sequential batch reactors, physical and chemical treatment equipment, sludge dryers, and air pollution control equipment.
It serves food, textile and dying, mechanical and automotive, leather, electric and optoelectronics, biotechnology and pharmaceutical, chemical, pulp and paper, and other industries. Ever-Clear Environmental Eng. Corp. was founded in 1999 and is based in Taichung, Taiwan.
Stock analysis
Ever-Clear Environmental Eng. Corp. (6624) currently trades at 34.70 TWD, while our model-based Fair Value estimate is 13.97 TWD, 60% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 26.63 TWD per share, and 2 of the 26 models we run sit above the 34.70 TWD price.
Bear case: the Earnings-Based group reads lowest at 4.77 TWD, and 24 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 13.54 TWD (bear) to 14.81 TWD (bull), the price of 34.70 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 53/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Ever-Clear Environmental Eng. Corp. reported revenue of 575M TWD in FY2025 versus 357M TWD in FY2021, a compound +12.7%/yr. Reported net income was 7.5M TWD in FY2025, compounding +78.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 802M TWD (≈ $24.4M) Micro · P/E ratio 60.9 · P/S ratio 1.50 · EPS (TTM) 0.5700 TWD · Dividend yield 0.8% · Net margin 2.3% · Return on equity 2.7% · Return on assets (EBIT) 2.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −25% fair-value upside, at −60%, 6624 screens richer than that median.
Fair Value models
Bear13.54 TWDFair Value 13.97 TWDBull14.81 TWD
Price 34.70 TWD · Downside -59.7%
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 (0.2487 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.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+21.5%
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.
+6.4%
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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.
−24.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−25.3%
Dividend (yield on the price)0.8%
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.−6% → 3%
Growth Forecast
Little optimism in the price
The price assumes less 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).
+11.1%
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 +9.3% a year for the price.
Compare Ever-Clear Environmental Eng. Corp. with another stock
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.Waste Management · 155 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside−59.6% · Bottom 25%
Profitability
Return on equity (12 months)2.7% · Below median
Return on assets0.8% · Below median
Net margin (12 months)2.3% · Below median
Operating margin (12 months)−4.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−23.5% · Bottom 25%
Dividend yield (12 months)0.8% · Bottom 25%
Balance sheet
Debt / equity0.22× · Below median
Valuation Multiplesvs Waste Management median · lower = cheaper
P/E (12 months)60.9× · Priciest 25%
P/B1.61× · Pricier than median
P/S (12 months)1.50× · Cheaper than median
Price / free cash flow (fiscal year)20.0× · Pricier than median
EV/EBITDA51.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)0· sector 37
PAST (return on equity)11· sector 23
HEALTH (low debt)89· sector 83
DIVIDEND (yield)16· sector 52
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.
Is Ever-Clear Environmental Eng. Corp. (6624) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 13.97 TWD versus a price of 34.70 TWD, about 60% lower (overvalued).
What is the fair value of 6624?
Our model-based fair value for Ever-Clear Environmental Eng. Corp. is 13.97 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 34.70 TWD.
What is the quality score of 6624?
Ever-Clear Environmental Eng. Corp. has a Quality Score of 53/100. 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 Ever-Clear Environmental Eng. Corp. (6624)?
Our model-based price target is the fair value of 13.97 TWD (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 13.54 TWD, optimistic scenario 14.81 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ever-Clear Environmental Eng. Corp. stock forecast for 2026?
Our models put fair value at 13.97 TWD, about 60% lower versus a price of 34.70 TWD (overvalued). Cautious scenario 13.54 TWD, optimistic scenario 14.81 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ever-Clear Environmental Eng. Corp. (6624)?
Ever-Clear Environmental Eng. Corp. reported trailing-twelve-month revenue of about 534M TWD (latest available figure, as of Nov 7, 2026).
Does Ever-Clear Environmental Eng. Corp. pay a dividend?
Ever-Clear Environmental Eng. Corp. currently shows a dividend yield of 0.81% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Ever-Clear Environmental Eng. Corp. (6624) and when is the ex-dividend date?
Ever-Clear Environmental Eng. Corp. pays a dividend of 0.28 TWD per share a year, a dividend yield of 0.8%. The last ex-dividend date was Aug 27, 2026. The payout ratio is 49.1% of earnings. Free cash flow covers the dividend 6.31 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Ever-Clear Environmental Eng. Corp. (6624)?
For today's price to be fair in a discounted-cash-flow model, Ever-Clear Environmental Eng. Corp. would have to grow free cash flow by +11.1 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.1 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 6624 use?
Our models discount Ever-Clear Environmental Eng. Corp. at 10.3 %: a base by market capitalisation (nano), 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 Ever-Clear Environmental Eng. Corp. that is +11.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Ever-Clear Environmental Eng. Corp. (6624) delivered so far?
Over the past 5 years revenue at Ever-Clear Environmental Eng. Corp. grew +18.1 % a year. The price currently implies free-cash-flow growth of +11.1 % 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 Ever-Clear Environmental Eng. Corp. (6624) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Ever-Clear Environmental Eng. Corp. (+11.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ever-Clear Environmental Eng. Corp. (6624)?
The free-cash-flow yield on the price is 5.51 %: that much free cash flow Ever-Clear Environmental Eng. Corp. produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ever-Clear Environmental Eng. Corp. (6624)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ever-Clear Environmental Eng. Corp. it is 13.97 TWD per share (as of Nov 7, 2026), against a price of 34.70 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Ever-Clear Environmental Eng. Corp. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 6624 trades above its calculated fair value: price 34.70 TWD, fair value 13.97 TWD, a gap of about −60% (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 6624?
No. The price is what the market pays today (34.70 TWD); the fair value is what the company's own numbers justify (13.97 TWD). For Ever-Clear Environmental Eng. Corp. the two are 20.73 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ever-Clear Environmental Eng. Corp. worth?
The market values Ever-Clear Environmental Eng. Corp. at about 802M TWD (market capitalisation, as of Nov 7, 2026). Per share that is 34.70 TWD; our models calculate a fair value of 13.97 TWD per share.
What do the bullish and bearish scenarios say about 6624?
Our models span a range for Ever-Clear Environmental Eng. Corp.: cautious scenario 13.54 TWD, base 13.97 TWD, optimistic 14.81 TWD per share (as of Nov 7, 2026, price 34.70 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6624?
Ever-Clear Environmental Eng. Corp. trades at a price-to-earnings ratio of 60.9 (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 13.97 TWD is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2019 to 2025), reported earnings: 45.6. Other multiples: P/B 1.6, P/S 1.5, EV/EBITDA 51.3.
How solid is the balance sheet of Ever-Clear Environmental Eng. Corp. (6624)?
Balance-sheet figures for Ever-Clear Environmental Eng. Corp. (as of Nov 7, 2026): return on equity 2.7%, debt of 0.22 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 6624 from its 52-week high?
Ever-Clear Environmental Eng. Corp. trades at 34.70 TWD, about 52% below its 52-week high of 72.00 TWD and 4% above the low of 33.50 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 13.97 TWD is for.
Which stocks are comparable to Ever-Clear Environmental Eng. Corp.?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Veolia Environnement SA, 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 Ever-Clear Environmental Eng. Corp. stock attractive at the current price?
The data as of Nov 7, 2026: price 34.70 TWD, calculated fair value 13.97 TWD (−60%), Quality Score 53/100, from 26 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 6624 calculated?
We run Ever-Clear Environmental Eng. Corp. through 26 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 13.97 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. Ever-Clear Environmental Eng. Corp. 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 Ever-Clear Environmental Eng. Corp. (6624)?
The closing price on Nov 9, 2026 was 34.70 TWD. Our model-based fair value is 13.97 TWD, about 60% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ever-Clear Environmental Eng. Corp. right now?
The price sits above even our optimistic bull case (14.81 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (13.54 TWD to 14.81 TWD), unusually little disagreement for a valuation.
Key figures of Ever-Clear Environmental Eng. Corp.
How large is the market capitalisation of Ever-Clear Environmental Eng. Corp. (6624)?
The market capitalisation of Ever-Clear Environmental Eng. Corp. is 802M TWD (≈ $24.4M). 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 Ever-Clear Environmental Eng. Corp. (6624)?
The price-to-sales ratio of Ever-Clear Environmental Eng. Corp. is 1.50 (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 Ever-Clear Environmental Eng. Corp. (6624)?
Earnings per share at Ever-Clear Environmental Eng. Corp. are 0.5700 TWD (price ÷ EPS = P/E 60.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ever-Clear Environmental Eng. Corp. (6624)?
The dividend yield of Ever-Clear Environmental Eng. Corp. is 0.8% (payout 49.1%). 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 Ever-Clear Environmental Eng. Corp. (6624)?
The net margin of Ever-Clear Environmental Eng. Corp. is 2.3% (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 Ever-Clear Environmental Eng. Corp. (6624)?
The return on equity (ROE) of Ever-Clear Environmental Eng. Corp. is 2.7% (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 Ever-Clear Environmental Eng. Corp. (6624)?
On an EBIT basis the return on assets of Ever-Clear Environmental Eng. Corp. is 2.2% (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 Ever-Clear Environmental Eng. Corp. (6624)?
The operating margin of Ever-Clear Environmental Eng. Corp. is −4.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ever-Clear Environmental Eng. Corp. (6624)?
Revenue at Ever-Clear Environmental Eng. Corp. is growing −23.5% versus a year earlier (3y avg +7.7%). 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 Ever-Clear Environmental Eng. Corp. (6624)?
Earnings per share at Ever-Clear Environmental Eng. Corp. are growing −70.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ever-Clear Environmental Eng. Corp. (6624) carry?
The net debt of Ever-Clear Environmental Eng. Corp. is 72.2M TWD (fiscal year 2024, ≈ 1.8 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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Broad data
Nov 7, 2026