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Tien Li Offshore Wind Technology Co., Ltd. (6793) Fair Value & Analysis

Industrials · TW · Market cap 461M TWD

TL Tien Li Offshore Wind Technology Co., Ltd. 6793 · TWO
Price5.39 TWD
Fair Value3.54 TWD
Upside-34.3%
Quality53/100
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Strengths

Low debt · generates free cash flow

Risks

!Trades 52% ABOVE our fair value of 3.54 TWD
!Weak Growth (revenue 3y −9.3 %/yr)
!Loss-making · -120.4% net margin
!Mixed vs. peers (5/10)
Weak Growth (revenue 3y −9.3 %/yr)
Loss-making · -120.4% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/10)
Narrow moat 12/100
Evidence: Medium Range 1.41 TWD – 5.67 TWD Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated 12 days ago

Share price −10.2% over the past month.

A solid business, but trading 52% 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 model range is unusually wide (1.41 TWD to 5.67 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

138.25 TWD 4.60 TWD Fair Value 3.54 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 4.60 TWD – 138.25 TWD · fair‑value band 1.41 TWD – 5.67 TWD · the 5.39 TWD price screens above the 3.54 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

Tien Li Offshore Wind Technology Co., Ltd. (6793) currently trades at 5.39 TWD, while our model-based Fair Value estimate is 3.54 TWD, implying the stock looks roughly 34.3% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Industrials 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).

Trailing-twelve-month revenue stands at 298M TWD. It earns a return on equity of -25.2%. Net debt stands at 269M TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.41 TWD (bear case) to 5.67 TWD (bull case); at 5.39 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 48% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -51% fair-value upside, at -34%, 6793 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 17.92 TWD 22.50 TWD 29.60 TWD 80
Rev-Margin DCF 11.04 TWD 13.79 TWD 17.18 TWD 74
Gordon GGM 1.44 TWD 1.55 TWD 1.72 TWD 70
All 9 models by family
DCF Models
FCF DCF 17.41 TWD 22.24 TWD 30.34 TWD 38
5Y Revenue Exit 11.04 TWD 13.38 TWD 16.73 TWD 39
10Y Revenue Exit 13.66 TWD 15.54 TWD 17.38 TWD 36
Dividend Discount
Gordon GGM 1.44 TWD 1.55 TWD 1.72 TWD 70
DDM Multi-Stage 1.44 TWD 1.71 TWD 2.07 TWD 61
Multiples
EV/Revenue 6.47 TWD 8.60 TWD 10.73 TWD 43
Asset-Based
NCAV (Graham) 8.23 TWD 11.03 TWD 16.47 TWD 50
Growth DCF
Growth DCF 17.92 TWD 22.50 TWD 29.60 TWD 80
Rev-Margin DCF 11.04 TWD 13.79 TWD 17.18 TWD 74

Widest divergence: DCF Models (15.54 TWD) versus Dividend Discount (1.55 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/S ratio 1.26 TTM
Net margin -120% TTM
Return on equity -25.2% TTM
Return on assets -6.9% TTM
Operating margin -311% TTM
EPS (TTM) -4.75 TWD
More key figures
Growth
Revenue (TTM) 298M TWD TTM
Revenue growth (YoY) -93.1% 3y avg -9.3%
Balance sheet & cash flow
Free cash flow 148M TWD FY2025
Net debt 269M TWD FY2024 · ≈ 1.8 yrs of FCF

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 55 · Market factors (momentum, volatility) 31

Profitability 1
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 74
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

Tien Li Offshore Wind Technology Co., Ltd. designs, manufactures and sells offshore wind turbine blades. It is involved in the manufacture and research of blades mold; and improvement of blade production process, and blades maintenance. The company was founded in 1998 and is based in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tien Li Offshore Wind Technology Co., Ltd. reported revenue of 298M TWD in FY2025 versus 0 TWD in FY2021. Reported net income was −359M TWD in FY2025.

Growth Quality 13/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
298M TWD
Latest YoY
−74.9%
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.
−9.3%
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
FY21 0 TWD
FY22 400M TWD
FY23 1.1B TWD
FY24 1.2B TWD
FY25 298M TWD
Net income
FY21 −381M TWD
FY22 −387M TWD
FY23 83.2M TWD
FY24 −57.3M TWD
FY25 −359M TWD

6793 screens 34% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Tien Li Offshore Wind Technology Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/6793

Peer Group

Specialty Industrial Machinery · 816 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 53 · Below median
Fair Value upside −34% · Above median
Return on assets -7% · Bottom 25%
Net margin (TTM) -120% · Bottom 25%
Revenue growth -93% · Bottom 25%
Dividend yield (TTM) 3.7% · Top 25%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/S (TTM) 0.05× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers

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 21
PAST0 · sector 28
HEALTH100 · sector 96
DIVIDEND75 · sector 27

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 Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc GEV $966.01 $131.95 -86%
SIE SIE €281.95 €139.77 -50%
Eaton Corporation ETN $459.96 $168.65 -63%
Parker-Hannifin Corporation PH $1,042 $398.69 -62%
Atlas Copco AB ATCOA kr 202.30 kr 112.59 -44%
Cummins Inc CMI $637.85 $348.94 -45%
Illinois Tool Works Inc ITW $292.51 $145.84 -50%
Emerson Electric Co EMR $163.80 $58.44 -64%
AMETEK, Inc AME $258.52 $125.80 -51%
Rockwell Automation, Inc ROK $451.39 $125.76 -72%

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Frequently asked questions

Is Tien Li Offshore Wind Technology Co., Ltd. (6793) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 3.54 TWD versus a price of 5.39 TWD, about −34% (overvalued).
What is the fair value of 6793?
Our model-based fair value for Tien Li Offshore Wind Technology Co., Ltd. is 3.54 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 5.39 TWD.
What is the quality score of 6793?
Tien Li Offshore Wind Technology Co., Ltd. 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 revenue of Tien Li Offshore Wind Technology Co., Ltd. (6793)?
Tien Li Offshore Wind Technology Co., Ltd. reported trailing-twelve-month revenue of about 298M TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6793?
The net profit margin of Tien Li Offshore Wind Technology Co., Ltd. is about -120.4%, 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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