Tan De Tech Co., Ltd (6867) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Tan De Tech Co., Ltd TWD 43.12, price TWD 24.85, upside +73.5%, quality 70 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
51‑month range 21.74 TWD – 52.85 TWD · fair‑value band 34.00 TWD – 52.23 TWD · the 24.85 TWD price screens below the 43.12 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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Tan De Tech Co., Ltd develops and sells automotive LED headlights for various car manufacturers. It also offers taillights, direction lights, fog lights, daytime running lights, and other vehicle exterior lighting fixtures. The company was founded in 2013 and is based in Douliu, Taiwan.
Stock analysis
Tan De Tech Co., Ltd (6867) currently trades at 24.85 TWD, while our model-based Fair Value estimate is 43.12 TWD, implying the stock looks roughly 42.4% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 57.49 TWD per share, and 14 of the 16 models we run sit above the 24.85 TWD price.
Bear case: the Asset-Based group reads lowest at 9.62 TWD, and 2 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: 34.00 TWD (bear) to 52.23 TWD (bull), the price of 24.85 TWD sits below 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 70/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Tan De Tech Co., Ltd reported revenue of 426M TWD in FY2025 versus 333M TWD in FY2021, a compound +6.3%/yr. Reported net income was −27.4M TWD in FY2025.
Key figures
Market cap 870M TWD (≈ $27.4M) · EPS (TTM) −1.11 TWD · Net margin −6.4% · Return on assets (EBIT) 7.4% · Free cash flow 104M TWD · Net cash 163M TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 35% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −19% fair-value upside, at 74%, 6867 screens cheaper than that median.
Fair Value models
Bear 34.00 TWDFair Value 43.12 TWDBull 52.23 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.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−2.0%
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.
−2.9%
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.
+6.3%
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.
+5.0%
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Profit margin (trend) ⓘ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.
8.8% (2020) → 11.6% (2025)
What shareholders gained per year ⓘ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
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).
−9.4%
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 −10.8% a year for the price.
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.Auto Parts · 692 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+74% · Top 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)−6% · Bottom 25%
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)19.5% · Top 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
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). "Tan De Tech Co., Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6867
Frequently asked questions
Is Tan De Tech Co., Ltd (6867) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 43.12 TWD versus a price of 24.85 TWD, about +74% upside (undervalued).
What is the fair value of 6867?
Our model-based fair value for Tan De Tech Co., Ltd is 43.12 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 24.85 TWD.
What is the quality score of 6867?
Tan De Tech Co., Ltd has a Quality Score of 70/100. 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 Tan De Tech Co., Ltd (6867)?
Our model-based price target is the fair value of 43.12 TWD (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 34.00 TWD, optimistic scenario 52.23 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Tan De Tech Co., Ltd stock forecast for 2026?
Our models put fair value at 43.12 TWD, about +74% upside versus a price of 24.85 TWD (undervalued). Cautious scenario 34.00 TWD, optimistic scenario 52.23 TWD. The calculation is refreshed regularly with new filings.
What growth is priced into Tan De Tech Co., Ltd (6867)?
For today's price to be fair in a discounted-cash-flow model, Tan De Tech Co., Ltd would have to grow free cash flow by -9.4 % 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 +6.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6867 use?
Our models discount Tan De Tech Co., Ltd 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 Tan De Tech Co., Ltd that is -9.4 % 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 Tan De Tech Co., Ltd (6867) delivered so far?
Over the past 5 years revenue at Tan De Tech Co., Ltd grew +6.3 % a year. The price currently implies -9.4 % 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 Tan De Tech Co., Ltd (6867) growing?
The median revenue growth in the sector is +5.9 % a year. That is the yardstick for the growth priced into Tan De Tech Co., Ltd (-9.4 % 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 Tan De Tech Co., Ltd (6867)?
The free-cash-flow yield on the price is 12.01 %: that much free cash flow Tan De Tech Co., Ltd 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 Tan De Tech Co., Ltd (6867)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tan De Tech Co., Ltd it is 43.12 TWD per share (as of Sep 24, 2026), against a price of 24.85 TWD. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Tan De Tech Co., Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6867 trades below its calculated fair value: price 24.85 TWD, fair value 43.12 TWD, a gap of about +74% (undervalued). 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 6867?
No. The price is what the market pays today (24.85 TWD); the fair value is what the company's own numbers justify (43.12 TWD). For Tan De Tech Co., Ltd the two are 18.27 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Tan De Tech Co., Ltd worth?
The market values Tan De Tech Co., Ltd at about 870M TWD (market capitalisation, as of Sep 24, 2026). Per share that is 24.85 TWD; our models calculate a fair value of 43.12 TWD per share.
What do the bullish and bearish scenarios say about 6867?
Our models span a range for Tan De Tech Co., Ltd: cautious scenario 34.00 TWD, base 43.12 TWD, optimistic 52.23 TWD per share (as of Sep 24, 2026, price 24.85 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 6867 from its 52-week high?
Tan De Tech Co., Ltd trades at 24.85 TWD, about 35% below its 52-week high of 38.06 TWD and 6% above the low of 23.45 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 43.12 TWD is for.
Which stocks are comparable to Tan De Tech Co., Ltd?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Tan De Tech Co., Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 24.85 TWD, calculated fair value 43.12 TWD (+74%), Quality Score 70/100, from 16 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 6867 calculated?
We run Tan De Tech Co., Ltd through 16 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 43.12 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. Tan De Tech Co., Ltd currently trades 74 % below its own fair value, and the market average says nothing about that. 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 Tan De Tech Co., Ltd (6867)?
The closing price on Sep 24, 2026 was 24.85 TWD. Our model-based fair value is 43.12 TWD, about +74% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tan De Tech Co., Ltd right now?
The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (34.00 TWD). The market is more pessimistic than our downside scenario. 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 Tan De Tech Co., Ltd
How large is the market capitalisation of Tan De Tech Co., Ltd (6867)?
The market capitalisation of Tan De Tech Co., Ltd is 870M TWD (≈ $27.4M). 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 are the earnings per share of Tan De Tech Co., Ltd (6867)?
Earnings per share at Tan De Tech Co., Ltd are −1.11 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tan De Tech Co., Ltd (6867)?
The net margin of Tan De Tech Co., Ltd is −6.4% (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 EBIT return on assets of Tan De Tech Co., Ltd (6867)?
On an EBIT basis the return on assets of Tan De Tech Co., Ltd is 7.4% (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.
How much net cash does Tan De Tech Co., Ltd (6867) hold?
Tan De Tech Co., Ltd holds more cash than debt, 163M TWD net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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