Tricorntech Corporation (6909) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Tricorntech Corporation TWD 20.28, price TWD 41.50, upside -51.1%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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TricornTech Corporation manufactures and sells gas detection and pollution prevention equipment in Taiwan.
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TricornTech Corporation manufactures and sells gas detection and pollution prevention equipment in Taiwan. It offers volatile organic compounds (VOC) analyzers for semiconductors, VOC analyzers, mobile sampling cart, and multi-channel smart integrated systems; environment-specific VOC analyzers; and special analyzers for soil and groundwater contamination application. The company was founded in 2013 and is based in New Taipei City, Taiwan.
Stock analysis
Tricorntech Corporation (6909) currently trades at 41.50 TWD, while our model-based Fair Value estimate is 20.28 TWD, implying the stock looks roughly 104.6% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 22.18 TWD per share, and 0 of the 26 models we run sit above the 41.50 TWD price.
Bear case: the Asset-Based group reads lowest at 10.65 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 14.19 TWD (bear) to 26.36 TWD (bull), the price of 41.50 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 54/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Tricorntech Corporation reported revenue of 551M TWD in FY2025 versus 290M TWD in FY2021, a compound +17.4%/yr. Reported net income was 64.8M TWD in FY2025, compounding +38.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 2.8B TWD (≈ $87.6M) · P/E ratio 30.1 · P/S ratio 3.54 · EPS (TTM) 1.38 TWD · Dividend yield 2.4% · Net margin 11.8% · Return on equity 5.8% · Return on assets (EBIT) 6.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at −51%, 6909 screens richer than that median.
Fair Value models
Bear 14.19 TWDFair Value 20.28 TWDBull 26.36 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 (0.2780 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.1%
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.
+11.8%
’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. Basis: EBIT basis. 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.
+35.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+33.3%
Dividend (yield on the price)2.4%
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.6% → 15%
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).
+34.5%
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 +32.4% a year for the price.
Compare Tricorntech Corporation 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.Specialty Industrial Machinery · 828 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside−51% · Below median
Profitability
Return on equity (TTM)6% · Below median
Return on assets5% · Above median
Net margin (TTM)17% · Top 25%
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth18% · Above median
Dividend yield (TTM)2.4% · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (TTM)30.1× · Pricier than median
P/B2.60× · Pricier than median
P/S (TTM)5.19× · Priciest 25%
P/FCF1.9× · Cheaper than median
EV/EBITDA21.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)90· sector 22
PAST (return on equity)23· sector 28
HEALTH (low debt)100· sector 96
DIVIDEND (yield)48· sector 25
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.
Cite: Fair Value Calculator (2026). "Tricorntech Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6909
Frequently asked questions
Is Tricorntech Corporation (6909) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 20.28 TWD versus a price of 41.50 TWD, about −51% upside (overvalued).
What is the fair value of 6909?
Our model-based fair value for Tricorntech Corporation is 20.28 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 41.50 TWD.
What is the quality score of 6909?
Tricorntech Corporation has a Quality Score of 54/100. 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 Tricorntech Corporation (6909)?
Our model-based price target is the fair value of 20.28 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 14.19 TWD, optimistic scenario 26.36 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Tricorntech Corporation stock forecast for 2026?
Our models put fair value at 20.28 TWD, about −51% upside versus a price of 41.50 TWD (overvalued). Cautious scenario 14.19 TWD, optimistic scenario 26.36 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Tricorntech Corporation (6909)?
Tricorntech Corporation reported trailing-twelve-month revenue of about 538M TWD (latest available figure, as of Sep 24, 2026).
Does Tricorntech Corporation pay a dividend?
Tricorntech Corporation currently shows a dividend yield of about 2.41% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Tricorntech Corporation (6909)?
For today's price to be fair in a discounted-cash-flow model, Tricorntech Corporation would have to grow free cash flow by +34.5 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +17.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6909 use?
Our models discount Tricorntech Corporation at 11.9 %: a base by market capitalisation (micro), damped by beta 0.60, 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 Tricorntech Corporation that is +34.5 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Tricorntech Corporation (6909) delivered so far?
Over the past 4 years revenue at Tricorntech Corporation grew +17.4 % a year. The price currently implies +34.5 % 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 Tricorntech Corporation (6909) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Tricorntech Corporation (+34.5 % 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 Tricorntech Corporation (6909)?
The free-cash-flow yield on the price is 1.65 %: that much free cash flow Tricorntech Corporation produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tricorntech Corporation (6909)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tricorntech Corporation it is 20.28 TWD per share (as of Sep 24, 2026), against a price of 41.50 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Tricorntech Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6909 trades above its calculated fair value: price 41.50 TWD, fair value 20.28 TWD, a gap of about −51% (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 6909?
No. The price is what the market pays today (41.50 TWD); the fair value is what the company's own numbers justify (20.28 TWD). For Tricorntech Corporation the two are 21.22 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Tricorntech Corporation worth?
The market values Tricorntech Corporation at about 2.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 41.50 TWD; our models calculate a fair value of 20.28 TWD per share.
What do the bullish and bearish scenarios say about 6909?
Our models span a range for Tricorntech Corporation: cautious scenario 14.19 TWD, base 20.28 TWD, optimistic 26.36 TWD per share (as of Sep 24, 2026, price 41.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6909?
Tricorntech Corporation trades at a price-to-earnings ratio of 30.1 (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 20.28 TWD is built from several models across several years. Other multiples: P/B 2.6, P/S 5.2, EV/EBITDA 21.5.
How solid is the balance sheet of Tricorntech Corporation (6909)?
Balance-sheet figures for Tricorntech Corporation (as of Sep 24, 2026): return on equity 5.8%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 6909 from its 52-week high?
Tricorntech Corporation trades at 41.50 TWD, about 37% below its 52-week high of 65.55 TWD and 24% above the low of 33.51 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 20.28 TWD is for.
Which stocks are comparable to Tricorntech Corporation?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Tricorntech Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 41.50 TWD, calculated fair value 20.28 TWD (−51%), Quality Score 54/100, 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 6909 calculated?
We run Tricorntech Corporation 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 20.28 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 13.2 % above its aggregate fair value. Tricorntech Corporation 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 Tricorntech Corporation (6909)?
The closing price on Sep 24, 2026 was 41.50 TWD. Our model-based fair value is 20.28 TWD, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tricorntech Corporation right now?
The price sits above even our optimistic bull case (26.36 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (14.19 TWD to 26.36 TWD) leaves room in how you read the outcome.
Key figures of Tricorntech Corporation
How large is the market capitalisation of Tricorntech Corporation (6909)?
The market capitalisation of Tricorntech Corporation is 2.8B TWD (≈ $87.6M). 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 Tricorntech Corporation (6909)?
The price-to-sales ratio of Tricorntech Corporation is 3.54 (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 Tricorntech Corporation (6909)?
Earnings per share at Tricorntech Corporation are 1.38 TWD (price ÷ EPS = P/E 30.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tricorntech Corporation (6909)?
The dividend yield of Tricorntech Corporation is 2.4% (payout 72.5%). 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 Tricorntech Corporation (6909)?
The net margin of Tricorntech Corporation is 11.8% (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 Tricorntech Corporation (6909)?
The return on equity (ROE) of Tricorntech Corporation is 5.8% (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 Tricorntech Corporation (6909)?
On an EBIT basis the return on assets of Tricorntech Corporation is 6.3% (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 Tricorntech Corporation (6909)?
The operating margin of Tricorntech Corporation is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tricorntech Corporation (6909)?
Revenue at Tricorntech Corporation is growing +18.0% versus a year earlier (3y avg +11.8%). 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 Tricorntech Corporation (6909)?
Earnings per share at Tricorntech Corporation are growing −72.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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