Ever-Clear Environmental Eng. Corp. (6624) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Ever-Clear Environmental Eng. Corp. TWD 15.11, price TWD 39.25, upside -61.5%, quality 53 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 25.23 TWD – 72.50 TWD · the 39.25 TWD price screens above the 15.11 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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Ever-Clear Environmental Eng. Corp. engages in the wastewater treatment and equipment installation engineering in Taiwan.
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Ever-Clear Environmental Eng. Corp. engages in the wastewater treatment and equipment installation engineering in Taiwan. 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 39.25 TWD, while our model-based Fair Value estimate is 15.11 TWD, implying the stock looks roughly 159.7% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 22.99 TWD per share, and 2 of the 26 models we run sit above the 39.25 TWD price.
Bear case: the Earnings-Based group reads lowest at 3.88 TWD, and 24 of the 26 models stay below the price. Evidence for this calculation is high.
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 820M TWD (≈ $25.7M) · P/E ratio 109.0 · P/S ratio 1.42 · EPS (TTM) 0.3600 TWD · Dividend yield 1.4% · Net margin 1.3% · Return on equity 2.3% · Return on assets (EBIT) 2.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at −62%, 6624 screens richer than that median.
Fair Value models
Bear 15.11 TWDFair Value 15.11 TWDBull 15.11 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 (0.2643 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.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%
’19
’20
’21
’22
’23
’24
’25
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.
−23.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−25.3%
Dividend (yield on the price)1.4%
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).
+13.2%
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 +11.4% 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 · 168 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside−60% · Bottom 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets2% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth−11% · Bottom 25%
Dividend yield (TTM)1.4% · Below median
Balance sheet
Debt / equity0.22× · Below median
Valuation Multiplesvs Waste Management median · lower = cheaper
P/E (TTM)109.0× · Priciest 25%
P/B1.60× · Pricier than median
P/S (TTM)1.41× · Pricier than median
P/FCF0.6× · Cheapest 25%
EV/EBITDA23.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 20
FUTURE (revenue growth)0· sector 20
PAST (return on equity)9· sector 26
HEALTH (low debt)89· sector 81
DIVIDEND (yield)27· sector 44
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 Sep 24, 2026, our model estimates a fair value of 15.11 TWD versus a price of 39.25 TWD, about −62% upside (overvalued).
What is the fair value of 6624?
Our model-based fair value for Ever-Clear Environmental Eng. Corp. is 15.11 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 39.25 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 15.11 TWD (as of Sep 24, 2026) from 26 valuation models. 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 15.11 TWD, about −62% upside versus a price of 39.25 TWD (overvalued). 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 564M TWD (latest available figure, as of Sep 24, 2026).
Does Ever-Clear Environmental Eng. Corp. pay a dividend?
Ever-Clear Environmental Eng. Corp. currently shows a dividend yield of about 1.36% relative to its recent price (as of Sep 24, 2026).
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 +13.2 % 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 Sep 24, 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 +13.2 % per year a year over ten years, 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 +13.2 % 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 Ever-Clear Environmental Eng. Corp. (6624) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Ever-Clear Environmental Eng. Corp. (+13.2 % 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 Ever-Clear Environmental Eng. Corp. (6624)?
The free-cash-flow yield on the price is 4.87 %: 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 15.11 TWD per share (as of Sep 24, 2026), against a price of 39.25 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Ever-Clear Environmental Eng. Corp. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6624 trades above its calculated fair value: price 39.25 TWD, fair value 15.11 TWD, a gap of about −62% (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 (39.25 TWD); the fair value is what the company's own numbers justify (15.11 TWD). For Ever-Clear Environmental Eng. Corp. the two are 24.14 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 820M TWD (market capitalisation, as of Sep 24, 2026). Per share that is 39.25 TWD; our models calculate a fair value of 15.11 TWD per share.
What is the P/E ratio of 6624?
Ever-Clear Environmental Eng. Corp. trades at a price-to-earnings ratio of 109.0 (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 15.11 TWD is built from several models across several years. Other multiples: P/B 1.6, P/S 1.4, EV/EBITDA 23.4.
How solid is the balance sheet of Ever-Clear Environmental Eng. Corp. (6624)?
Balance-sheet figures for Ever-Clear Environmental Eng. Corp. (as of Sep 24, 2026): return on equity 2.3%, 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 39.25 TWD, about 46% below its 52-week high of 72.50 TWD and 23% above the low of 31.85 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 15.11 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 Sep 24, 2026: price 39.25 TWD, calculated fair value 15.11 TWD (−62%), 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 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 15.11 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 13.0 % 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 Sep 24, 2026 was 39.25 TWD. Our model-based fair value is 15.11 TWD, about −62% upside (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 (15.11 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.
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 820M TWD (≈ $25.7M). 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 1.42 (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 Ever-Clear Environmental Eng. Corp. (6624)?
Earnings per share at Ever-Clear Environmental Eng. Corp. are 0.3600 TWD (price ÷ EPS = P/E 109.0). 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 1.4% (payout 149%). 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 1.3% (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 Ever-Clear Environmental Eng. Corp. (6624)?
The return on equity (ROE) of Ever-Clear Environmental Eng. Corp. is 2.3% (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 1.8% (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 −10.5% 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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