Mega Union Technology Inc. (6944) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Mega Union Technology Inc. stock TWD 664, price TWD 603, upside +10.1%, quality 58 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
42‑month range 55.40 TWD – 908.00 TWD · fair‑value band 385.15 TWD – 935.70 TWD · the 603.00 TWD price screens below the 663.94 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 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.
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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 603.00 TWD, while our model-based Fair Value estimate is 663.94 TWD, so the stock looks roughly fairly valued today (gap 9.2%).
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Valuation
Bull case: the DCF Models group reads highest at a median of 847.15 TWD per share, and 14 of the 26 models we run sit above the 603.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 185.46 TWD, and 12 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 385.15 TWD (bear) to 935.70 TWD (bull), the price of 603.00 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 60.9B TWD (≈ $1.9B) Small · P/E ratio 22.6 · P/S ratio 3.06 · EPS (TTM) 26.68 TWD · Dividend yield 2.2% · Net margin 15.5% · Return on equity 41.4% · Return on assets (EBIT) 13.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 80 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 56% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at 10%, 6944 screens cheaper than that median.
Fair Value models
Bear385.15 TWDFair Value 663.94 TWDBull935.70 TWD
Price 603.00 TWD · Upside +10.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (11.63 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF477.77 TWD711.14 TWD1,451 TWD73
Growth DCF453.12 TWD781.11 TWD1,439 TWD72
EPV297.24 TWD335.42 TWD368.73 TWD71
All 26 models by family
DCF Models
FCF DCF477.77 TWD711.14 TWD1,451 TWD73
Owner Earnings397.71 TWD817.21 TWD1,690 TWD68
5Y Revenue Exit404.55 TWD660.77 TWD1,191 TWD67
5Y EBITDA Exit501.69 TWD859.12 TWD1,553 TWD69
5Y P/E Exit550.55 TWD1,164 TWD1,998 TWD65
10Y Revenue Exit417.33 TWD835.18 TWD1,131 TWD63
10Y EBITDA Exit500.07 TWD1,040 TWD2,035 TWD61
10Y P/E Exit535.37 TWD1,142 TWD2,203 TWD57
Earnings-Based
Graham-Dodd161.76 TWD1,128 TWD1,583 TWD60
Lynch FV404.63 TWD578.05 TWD751.46 TWD58
PEG = 1.0404.63 TWD578.05 TWD751.46 TWD55
EPV297.24 TWD335.42 TWD368.73 TWD71
Dividend Discount
Gordon GGM97.46 TWD200.73 TWD315.04 TWD63
DDM Multi-Stage97.46 TWD170.19 TWD210.94 TWD64
Multiples
P/E Multiple499.55 TWD666.06 TWD832.58 TWD63
P/S Multiple303.30 TWD404.40 TWD505.49 TWD58
P/B Multiple362.30 TWD483.06 TWD603.83 TWD55
EV/EBIT557.34 TWD744.05 TWD930.75 TWD66
EV/EBITDA431.13 TWD575.77 TWD720.40 TWD67
EV/Revenue280.39 TWD401.75 TWD523.11 TWD53
Asset-Based
NCAV (Graham)37.42 TWD56.69 TWD70.86 TWD54
Growth DCF
Growth DCF453.12 TWD781.11 TWD1,439 TWD72
Rev-Margin DCF404.55 TWD746.34 TWD1,346 TWD66
Economic Profit
Residual Income153.80 TWD205.91 TWD420.76 TWD68
ROIC Compounder314.10 TWD375.51 TWD444.28 TWD69
Growth Earnings
Growth-Adj P/E592.75 TWD846.79 TWD1,101 TWD65
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.
+88.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+86.0%
Dividend (yield on the price)2.2%
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).
+9.9%
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 +8.2% 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 · 86 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 Nov 8, 2026, our model estimates a fair value of 663.94 TWD versus a price of 603.00 TWD, about +10% upside (fairly valued).
What is the fair value of 6944?
Our model-based fair value for Mega Union Technology Inc. is 663.94 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 603.00 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 663.94 TWD (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 385.15 TWD, optimistic scenario 935.70 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 663.94 TWD, about +10% upside versus a price of 603.00 TWD (fairly valued). Cautious scenario 385.15 TWD, optimistic scenario 935.70 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 19.9B TWD (latest available figure, as of Nov 8, 2026).
Does Mega Union Technology Inc. pay a dividend?
Mega Union Technology Inc. currently shows a dividend yield of 2.17% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Mega Union Technology Inc. (6944) and when is the ex-dividend date?
Mega Union Technology Inc. pays a dividend of 13.08 TWD per share a year, a dividend yield of 2.2%. The last ex-dividend date was Jul 23, 2026. The payout ratio is 49.0% of earnings. Free cash flow covers the dividend 1.88 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
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 +9.9 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +21.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 6944 use?
Our models discount Mega Union Technology Inc. at 9.1 %: a base by market capitalisation (mid), damped by beta 0.54, 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 +9.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.1 %) 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 free-cash-flow growth of +9.9 % per 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 +7.8 % a year. That is the yardstick for the growth priced into Mega Union Technology Inc. (+9.9 % per 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 4.07 %: that much free cash flow Mega Union Technology Inc. produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), 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 663.94 TWD per share (as of Nov 8, 2026), against a price of 603.00 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Mega Union Technology Inc. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 6944 trades below its calculated fair value: price 603.00 TWD, fair value 663.94 TWD, a gap of about +10% (fairly valued). 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 (603.00 TWD); the fair value is what the company's own numbers justify (663.94 TWD). For Mega Union Technology Inc. the two are 60.94 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 60.9B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 603.00 TWD; our models calculate a fair value of 663.94 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 385.15 TWD, base 663.94 TWD, optimistic 935.70 TWD per share (as of Nov 8, 2026, price 603.00 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 22.6 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 663.94 TWD is built from several models across several years. Other multiples: P/B 7.6, P/S 3.1, EV/EBITDA 12.8.
How solid is the balance sheet of Mega Union Technology Inc. (6944)?
Balance-sheet figures for Mega Union Technology Inc. (as of Nov 8, 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 603.00 TWD, about 34% below its 52-week high of 908.00 TWD and 56% above the low of 386.90 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 663.94 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, Fujian Longking Co, Munters 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 Mega Union Technology Inc. stock attractive at the current price?
The data as of Nov 8, 2026: price 603.00 TWD, calculated fair value 663.94 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 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 663.94 TWD builds on their evidence-weighted average, 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. Mega Union Technology Inc. currently trades 9% 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 Mega Union Technology Inc. (6944)?
The closing price on Nov 6, 2026 was 603.00 TWD. Our model-based fair value is 663.94 TWD, about +10% upside (fairly valued). 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 price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (385.15 TWD to 935.70 TWD) leaves room in how you read the outcome.
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 60.9B TWD (≈ $1.9B). 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 3.06 (last twelve months). 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 26.68 TWD (price ÷ EPS = P/E 22.6). 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 2.2% (payout 49.0%). 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 15.5% (last twelve months). 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 41.4% (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 23.8% (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 +36.1% 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 +60.2% 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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Broad data
Nov 8, 2026