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King Shing Industrial Co (7732) Fair Value & Analysis

Industrials · TW · Market cap 2.3B TWD

KS King Shing Industrial Co 7732 · TW
Price36.10 TWD
Fair Value33.12 TWD
Upside-8.3%
Quality51/100
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Healthy Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
Trails peers (4/11)
Moderate moat 49/100
Evidence: High Range 23.92 TWD – 42.31 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Share price +1.1% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 23.92 TWD (bear) to 42.31 TWD (bull), base 33.12 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 51/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (2 years)

51.36 TWD 31.84 TWD Fair Value 33.12 TWD Mar 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

29‑month range 31.84 TWD – 51.36 TWD · fair‑value band 23.92 TWD – 42.31 TWD · the 36.10 TWD price screens above the 33.12 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

King Shing Industrial Co (7732) currently trades at 36.10 TWD, while our model-based Fair Value estimate is 33.12 TWD, implying the stock looks roughly 8.3% fairly valued today. The Quality Score stands at 51/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Net debt stands at 233M TWD. The stock trades on a trailing P/E of 20.8. Fundamentals as of Jul 23, 2026

Our scenario range runs from 23.92 TWD (bear case) to 42.31 TWD (bull case); at 36.10 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -8%, 7732 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Growth DCF 25.41 TWD 32.91 TWD 42.93 TWD 80
Residual Income 22.72 TWD 23.60 TWD 23.86 TWD 76
Rev-Margin DCF 25.43 TWD 35.79 TWD 47.25 TWD 74
All 26 models by family
DCF Models
FCF DCF 25.04 TWD 33.35 TWD 45.06 TWD 38
Owner Earnings 29.19 TWD 39.42 TWD 53.84 TWD 31
5Y Revenue Exit 25.43 TWD 35.68 TWD 48.50 TWD 39
5Y EBITDA Exit 31.52 TWD 46.75 TWD 64.13 TWD 41
5Y P/E Exit 29.14 TWD 42.44 TWD 55.99 TWD 38
10Y Revenue Exit 24.55 TWD 33.62 TWD 45.25 TWD 36
10Y EBITDA Exit 28.86 TWD 41.03 TWD 56.62 TWD 37
10Y P/E Exit 27.40 TWD 38.14 TWD 50.70 TWD 35
Earnings-Based
Graham-Dodd 12.00 TWD 32.26 TWD 42.23 TWD 54
Lynch FV 6.30 TWD 9.00 TWD 11.70 TWD 50
PEG = 1.0 6.30 TWD 9.00 TWD 11.70 TWD 46
EPV 22.62 TWD 25.07 TWD 27.19 TWD 59
Dividend Discount
Gordon GGM 18.21 TWD 36.28 TWD 54.93 TWD 70
DDM Multi-Stage 18.21 TWD 27.85 TWD 37.70 TWD 61
Multiples
P/E Multiple 27.79 TWD 37.05 TWD 46.31 TWD 63
P/S Multiple 22.49 TWD 29.99 TWD 37.49 TWD 58
P/B Multiple 22.49 TWD 29.99 TWD 37.49 TWD 55
EV/EBIT 34.66 TWD 43.86 TWD 53.05 TWD 53
EV/EBITDA 39.14 TWD 49.83 TWD 60.51 TWD 54
EV/Revenue 26.77 TWD 35.20 TWD 43.64 TWD 43
Asset-Based
NCAV (Graham) 14.41 TWD 19.32 TWD 28.83 TWD 50
Growth DCF
Growth DCF 25.41 TWD 32.91 TWD 42.93 TWD 80
Rev-Margin DCF 25.43 TWD 35.79 TWD 47.25 TWD 74
Economic Profit
Residual Income 22.72 TWD 23.60 TWD 23.86 TWD 76
ROIC Compounder 22.62 TWD 25.07 TWD 27.19 TWD 72
Growth Earnings
Growth-Adj P/E 21.89 TWD 31.28 TWD 40.66 TWD 68

Widest divergence: DCF Models (38.14 TWD) versus Earnings-Based (9.00 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Free cash flow 110M TWD FY2025
P/E ratio 20.7
EPS (TTM) 1.73 TWD
Net debt 233M TWD FY2022

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 53 · Market factors (momentum, volatility) 52

Profitability 36
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 39
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

King Shing Industrial Co, LTD. engages in the production and sale of fans for automotive radiators and air conditioning units in Taiwan. It offers fan assay, blower, fan blade, shroud, motor, timing cover, and brushless motor. The company was founded in 1966 and is based in Taoyuan City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

King Shing Industrial Co reported revenue of 1.1B TWD in FY2025 versus 822M TWD in FY2021, a compound +7.4%/yr. Reported net income was 112M TWD in FY2025, compounding +25.1%/yr from FY2021.

Growth Quality 69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.1B TWD
Latest YoY
+0.7%
Avg. growth/yr (3Y) 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.
+5.1%
Revenue +7.4%/yr
FY21 822M TWD
FY22 940M TWD
FY23 1.0B TWD
FY24 1.1B TWD
FY25 1.1B TWD
Net income +25.1%/yr
FY21 45.8M TWD
FY22 119M TWD
FY23 126M TWD
FY24 166M TWD
FY25 112M TWD

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Cite: Fair Value Calculator (2026). "King Shing Industrial Co Fair Value". https://www.fairvalue-calculator.com/stock/7732

Peer Group

Electrical Equipment & Parts · 526 stocks

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.

Quality Score 51 · Below median
Fair Value upside −8% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 20.7× · Cheaper than median
P/FCF 0.6× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 22 · sector 0
FUTURE 0 · sector 57
PAST 0 · sector 26
HEALTH 100 · sector 97
DIVIDEND 0 · sector 18

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is King Shing Industrial Co (7732) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 33.12 TWD versus a price of 36.10 TWD, about −8% (fairly valued).
What is the fair value of 7732?
Our model-based fair value for King Shing Industrial Co is 33.12 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 36.10 TWD.
What is the quality score of 7732?
King Shing Industrial Co has a Quality Score of 51/100. 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 net profit margin of 7732?
The net profit margin of King Shing Industrial Co is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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