Mega Union Technology Inc. (6944) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Mega Union Technology Inc. TWD 683, price TWD 760, upside -10.1%, quality 58 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
41‑month range 55.40 TWD – 829.00 TWD · fair‑value band 406.79 TWD – 1,178 TWD · the 760.00 TWD price screens above the 683.49 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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Mega Union Technology Inc. engages in the planning, design, and installation of water and wastewater recycling systems in Taiwan, Singapore, the United States, Mainland China, and internationally. It provides pure water engineering system, wastewater engineering system, water recycling engineering system, and chemical recycling manufacturing systems.
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Mega Union Technology Inc. engages in the planning, design, and installation of water and wastewater recycling systems in Taiwan, Singapore, the United States, Mainland China, and internationally. It provides pure water engineering system, wastewater engineering system, water recycling engineering system, and chemical recycling manufacturing systems. The company also offers film cleaning and resin regeneration services; water treatment solutions and laboratory services; and drug delivery and filling services, chemical application test analysis, and dosage effect evaluation services. In addition, it offers sale and replacement of components and consumables, including filter materials, filter core, membranes, meters, and other equipment; and sells water treatment chemicals. The company was founded in 2004 and is headquartered in Taoyuan City, Taiwan.
Stock analysis
Mega Union Technology Inc. (6944) currently trades at 760.00 TWD, while our model-based Fair Value estimate is 683.49 TWD, implying the stock looks roughly 11.2% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 747.81 TWD per share, and 6 of the 26 models we run sit above the 760.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 172.50 TWD, and 20 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 406.79 TWD (bear) to 1,178 TWD (bull), the price of 760.00 TWD sits inside 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 58/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Mega Union Technology Inc. reported revenue of 16.9B TWD in FY2025 versus 7.7B TWD in FY2021, a compound +21.9%/yr. Reported net income was 2.4B TWD in FY2025, compounding +86.0%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 75.8B TWD (≈ $2.4B) · P/E ratio 24.1 · P/S ratio 3.39 · EPS (TTM) 31.48 TWD · Dividend yield 1.7% · Net margin 14.0% · Return on equity 39.6% · Return on assets (EBIT) 13.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 96% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −9% fair-value upside, at −10%, 6944 screens richer than that median.
Fair Value models
Bear 406.79 TWDFair Value 683.49 TWDBull 1,178 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 (13.35 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+64.2%
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.
+19.0%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+87.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+86.0%
Dividend (yield on the price)1.7%
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.4% → 18%
2025 sits 96% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+13.5%
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 +11.7% 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 · 93 stocks
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Cite: Fair Value Calculator (2026). "Mega Union Technology Inc. Fair Value". https://www.fairvalue-calculator.com/stock/6944
Frequently asked questions
Is Mega Union Technology Inc. (6944) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 683.49 TWD versus a price of 760.00 TWD, about −10% upside (overvalued).
What is the fair value of 6944?
Our model-based fair value for Mega Union Technology Inc. is 683.49 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 760.00 TWD.
What is the quality score of 6944?
Mega Union Technology Inc. has a Quality Score of 58/100. 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 Mega Union Technology Inc. (6944)?
Our model-based price target is the fair value of 683.49 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 406.79 TWD, optimistic scenario 1,178 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Mega Union Technology Inc. stock forecast for 2026?
Our models put fair value at 683.49 TWD, about −10% upside versus a price of 760.00 TWD (overvalued). Cautious scenario 406.79 TWD, optimistic scenario 1,178 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Mega Union Technology Inc. (6944)?
Mega Union Technology Inc. reported trailing-twelve-month revenue of about 18.6B TWD (latest available figure, as of Sep 24, 2026).
Does Mega Union Technology Inc. pay a dividend?
Mega Union Technology Inc. currently shows a dividend yield of about 1.72% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Mega Union Technology Inc. (6944)?
For today's price to be fair in a discounted-cash-flow model, Mega Union Technology Inc. would have to grow free cash flow by +13.5 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +21.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6944 use?
Our models discount Mega Union Technology Inc. at 8.7 %: a base by market capitalisation (large), damped by beta 0.57, 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 Mega Union Technology Inc. that is +13.5 % per year a year over ten years, using the same discount rate (8.7 %) and the same formula as our fair value.
How much growth has Mega Union Technology Inc. (6944) delivered so far?
Over the past 4 years revenue at Mega Union Technology Inc. grew +21.9 % a year. The price currently implies +13.5 % 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 Mega Union Technology Inc. (6944) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Mega Union Technology Inc. (+13.5 % 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 Mega Union Technology Inc. (6944)?
The free-cash-flow yield on the price is 3.23 %: that much free cash flow Mega Union Technology Inc. produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mega Union Technology Inc. (6944)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mega Union Technology Inc. it is 683.49 TWD per share (as of Sep 24, 2026), against a price of 760.00 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Mega Union Technology Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6944 trades above its calculated fair value: price 760.00 TWD, fair value 683.49 TWD, a gap of about −10% (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 6944?
No. The price is what the market pays today (760.00 TWD); the fair value is what the company's own numbers justify (683.49 TWD). For Mega Union Technology Inc. the two are 76.51 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Mega Union Technology Inc. worth?
The market values Mega Union Technology Inc. at about 75.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 760.00 TWD; our models calculate a fair value of 683.49 TWD per share.
What do the bullish and bearish scenarios say about 6944?
Our models span a range for Mega Union Technology Inc.: cautious scenario 406.79 TWD, base 683.49 TWD, optimistic 1,178 TWD per share (as of Sep 24, 2026, price 760.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6944?
Mega Union Technology Inc. trades at a price-to-earnings ratio of 24.1 (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 683.49 TWD is built from several models across several years. Other multiples: P/B 9.1, P/S 3.7, EV/EBITDA 15.6.
How solid is the balance sheet of Mega Union Technology Inc. (6944)?
Balance-sheet figures for Mega Union Technology Inc. (as of Sep 24, 2026): return on equity 41.4%, debt of 0.02 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 6944 from its 52-week high?
Mega Union Technology Inc. trades at 760.00 TWD, about 8% below its 52-week high of 829.00 TWD and 96% above the low of 386.90 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 683.49 TWD is for.
Which stocks are comparable to Mega Union Technology Inc.?
From the same area (Industrials) we also value Veralto Corporation, Zurn Elkay Water Solutions Corporation, CECO Environmental Corp, Fujian Longking Co, 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 Mega Union Technology Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price 760.00 TWD, calculated fair value 683.49 TWD (−10%), Quality Score 58/100, 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 6944 calculated?
We run Mega Union Technology Inc. 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 683.49 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 14.1 % above its aggregate fair value. Mega Union 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 Mega Union Technology Inc. (6944)?
The closing price on Sep 24, 2026 was 760.00 TWD. Our model-based fair value is 683.49 TWD, about −10% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mega Union Technology Inc. right now?
The model range is unusually wide (406.79 TWD to 1,178 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Mega Union Technology Inc.
How large is the market capitalisation of Mega Union Technology Inc. (6944)?
The market capitalisation of Mega Union Technology Inc. is 75.8B TWD (≈ $2.4B). 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 Mega Union Technology Inc. (6944)?
The price-to-sales ratio of Mega Union Technology Inc. is 3.39 (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 Mega Union Technology Inc. (6944)?
Earnings per share at Mega Union Technology Inc. are 31.48 TWD (price ÷ EPS = P/E 24.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mega Union Technology Inc. (6944)?
The dividend yield of Mega Union Technology Inc. is 1.7% (payout 41.5%). 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 Mega Union Technology Inc. (6944)?
The net margin of Mega Union Technology Inc. is 14.0% (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 Mega Union Technology Inc. (6944)?
The return on equity (ROE) of Mega Union Technology Inc. is 39.6% (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 Mega Union Technology Inc. (6944)?
On an EBIT basis the return on assets of Mega Union Technology Inc. is 13.9% (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 Mega Union Technology Inc. (6944)?
The operating margin of Mega Union Technology Inc. is 22.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mega Union Technology Inc. (6944)?
Revenue at Mega Union Technology Inc. is growing +54.8% versus a year earlier (3y avg +19.0%). 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 Mega Union Technology Inc. (6944)?
Earnings per share at Mega Union Technology Inc. are growing +53.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Mega Union Technology Inc. (6944) carry?
The net debt of Mega Union Technology Inc. is 277M TWD (fiscal year 2022, ≈ 0.1 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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