Waste Recovery Technology Inc. (6894) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Waste Recovery Technology Inc. TWD 231, price TWD 367, upside -37.1%, quality 60 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
50‑month range 121.86 TWD – 409.00 TWD · fair‑value band 112.66 TWD – 288.42 TWD · the 367.00 TWD price screens above the 230.74 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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Waste Recovery Technology Inc. engages in the recycled metal service, and waste liquid electrolysis recovery equipment in Taiwan.
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Waste Recovery Technology Inc. engages in the recycled metal service, and waste liquid electrolysis recovery equipment in Taiwan. It offers a dimensionally stable anode product for copper plating; Recocell electrowinning system to treat various copper-containing wastewater; solvent extraction system for copper-containing wastewater; and PCB on-line electrowinning recycling system for acid and alkaline etching process. The company is also involved in wholesale, import, and export of wastewater treatment equipment and spare parts; provision of technical consultation; repair and maintenance services; and sales of metal products. In addition, it provides waste disposal, technical consulting services, and machine equipment rental related to wastewater treatment. Further, the company engages in research and development, manufacturing, and sales of specialized environmental protection equipment; and machinery rental services. Additionally, it manufactures and sells chemical materials, machinery, and battery materials. Waste Recovery Technology Inc. was founded in 1990 and is based in Taichung, Taiwan.
Stock analysis
Waste Recovery Technology Inc. (6894) currently trades at 367.00 TWD, while our model-based Fair Value estimate is 230.74 TWD, implying the stock looks roughly 59.1% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 350.72 TWD per share, and 1 of the 24 models we run sit above the 367.00 TWD price.
Bear case: the Asset-Based group reads lowest at 44.37 TWD, and 23 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 112.66 TWD (bear) to 288.42 TWD (bull), the price of 367.00 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 60/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Waste Recovery Technology Inc. reported revenue of 1.4B TWD in FY2025 versus 717M TWD in FY2021, a compound +17.8%/yr. Reported net income was 262M TWD in FY2025, compounding +12.4%/yr from FY2021.
Key figures
Market cap 8.7B TWD (≈ $275M) · P/E ratio 23.4 · P/S ratio 4.43 · EPS (TTM) 15.71 TWD · Dividend yield 2.3% · Net margin 19.0% · Return on equity 21.7% · Return on assets (EBIT) 16.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 94% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −28% fair-value upside, at −37%, 6894 screens richer than that median.
Fair Value models
Bear 112.66 TWDFair Value 230.74 TWDBull 288.42 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 (5.29 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.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+40.7%
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.
+19.5%
’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.
+8.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.5%
Dividend (yield on the price)2.3%
Profit margin 2021 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.32% → 27%
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+48.6%
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 +46.3% a year for the price.
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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.Pollution & Treatment Controls · 94 stocks
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). "Waste Recovery Technology Inc. Fair Value". https://www.fairvalue-calculator.com/stock/6894
Frequently asked questions
Is Waste Recovery Technology Inc. (6894) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 230.74 TWD versus a price of 367.00 TWD, about −37% upside (overvalued).
What is the fair value of 6894?
Our model-based fair value for Waste Recovery Technology Inc. is 230.74 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 367.00 TWD.
What is the quality score of 6894?
Waste Recovery Technology Inc. has a Quality Score of 60/100. 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 Waste Recovery Technology Inc. (6894)?
Our model-based price target is the fair value of 230.74 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 112.66 TWD, optimistic scenario 288.42 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Waste Recovery Technology Inc. stock forecast for 2026?
Our models put fair value at 230.74 TWD, about −37% upside versus a price of 367.00 TWD (overvalued). Cautious scenario 112.66 TWD, optimistic scenario 288.42 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Waste Recovery Technology Inc. (6894)?
Waste Recovery Technology Inc. reported trailing-twelve-month revenue of about 1.8B TWD (latest available figure, as of Sep 24, 2026).
Does Waste Recovery Technology Inc. pay a dividend?
Waste Recovery Technology Inc. currently shows a dividend yield of about 2.32% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Waste Recovery Technology Inc. (6894)?
For today's price to be fair in a discounted-cash-flow model, Waste Recovery Technology Inc. would have to grow free cash flow by +48.6 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +17.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6894 use?
Our models discount Waste Recovery Technology Inc. at 11.8 %: a base by market capitalisation (micro), damped by beta 0.43, 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 Waste Recovery Technology Inc. that is +48.6 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Waste Recovery Technology Inc. (6894) delivered so far?
Over the past 4 years revenue at Waste Recovery Technology Inc. grew +17.8 % a year. The price currently implies +48.6 % 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 Waste Recovery Technology Inc. (6894) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Waste Recovery Technology Inc. (+48.6 % 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 Waste Recovery Technology Inc. (6894)?
The free-cash-flow yield on the price is 0.92 %: that much free cash flow Waste Recovery Technology Inc. produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Waste Recovery Technology Inc. (6894)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Waste Recovery Technology Inc. it is 230.74 TWD per share (as of Sep 24, 2026), against a price of 367.00 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Waste Recovery Technology Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6894 trades above its calculated fair value: price 367.00 TWD, fair value 230.74 TWD, a gap of about −37% (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 6894?
No. The price is what the market pays today (367.00 TWD); the fair value is what the company's own numbers justify (230.74 TWD). For Waste Recovery Technology Inc. the two are 136.26 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Waste Recovery Technology Inc. worth?
The market values Waste Recovery Technology Inc. at about 8.7B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 367.00 TWD; our models calculate a fair value of 230.74 TWD per share.
What do the bullish and bearish scenarios say about 6894?
Our models span a range for Waste Recovery Technology Inc.: cautious scenario 112.66 TWD, base 230.74 TWD, optimistic 288.42 TWD per share (as of Sep 24, 2026, price 367.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6894?
Waste Recovery Technology Inc. trades at a price-to-earnings ratio of 23.4 (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 230.74 TWD is built from several models across several years. Other multiples: P/B 5.5, P/S 4.8, EV/EBITDA 14.1.
How solid is the balance sheet of Waste Recovery Technology Inc. (6894)?
Balance-sheet figures for Waste Recovery Technology Inc. (as of Sep 24, 2026): return on equity 21.7%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 6894 from its 52-week high?
Waste Recovery Technology Inc. trades at 367.00 TWD, about 10% below its 52-week high of 409.00 TWD and 94% above the low of 189.11 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 230.74 TWD is for.
Which stocks are comparable to Waste Recovery Technology Inc.?
From the same area (Industrials) we also value Veralto Corporation, Zurn Elkay Water Solutions Corporation, Canmax Technologies Co, CECO Environmental Corp, 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 Waste Recovery Technology Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price 367.00 TWD, calculated fair value 230.74 TWD (−37%), Quality Score 60/100, from 24 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 6894 calculated?
We run Waste Recovery Technology Inc. through 24 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 230.74 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 14.0 % above its aggregate fair value. Waste Recovery Technology Inc. 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 Waste Recovery Technology Inc. (6894)?
The closing price on Sep 24, 2026 was 367.00 TWD. Our model-based fair value is 230.74 TWD, about −37% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Waste Recovery Technology Inc. right now?
The price sits above even our optimistic bull case (288.42 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (112.66 TWD to 288.42 TWD) leaves room in how you read the outcome.
Key figures of Waste Recovery Technology Inc.
How large is the market capitalisation of Waste Recovery Technology Inc. (6894)?
The market capitalisation of Waste Recovery Technology Inc. is 8.7B TWD (≈ $275M). 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 Waste Recovery Technology Inc. (6894)?
The price-to-sales ratio of Waste Recovery Technology Inc. is 4.43 (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 Waste Recovery Technology Inc. (6894)?
Earnings per share at Waste Recovery Technology Inc. are 15.71 TWD (price ÷ EPS = P/E 23.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Waste Recovery Technology Inc. (6894)?
The dividend yield of Waste Recovery Technology Inc. is 2.3% (payout 54.1%). 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 Waste Recovery Technology Inc. (6894)?
The net margin of Waste Recovery Technology Inc. is 19.0% (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 Waste Recovery Technology Inc. (6894)?
The return on equity (ROE) of Waste Recovery Technology Inc. is 21.7% (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 Waste Recovery Technology Inc. (6894)?
On an EBIT basis the return on assets of Waste Recovery Technology Inc. is 16.4% (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.
What is the operating margin of Waste Recovery Technology Inc. (6894)?
The operating margin of Waste Recovery Technology Inc. is 28.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Waste Recovery Technology Inc. (6894)?
Revenue at Waste Recovery Technology Inc. is growing +71.5% versus a year earlier (3y avg +19.5%). 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 Waste Recovery Technology Inc. (6894)?
Earnings per share at Waste Recovery Technology Inc. are growing +117% versus a year earlier. How much earnings per share grew versus a year earlier.
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