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Dong Fang Offshore Co (7786) Fair Value & Analysis

Industrials · TW · Market cap 22.7B TWD

DF Dong Fang Offshore Co 7786 · TW
Price127.00 TWD
Fair Value162.83 TWD
Upside+28.2%
Quality41/100
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Expensive Growth
Solidly profitable · 15.6% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/13)
Wide moat 67/100
Evidence: Medium Range 121.26 TWD – 286.28 TWD Share as image

Fair value as of: Jul 23, 2026

From 14 valuation models · updated 17 days ago

Share price −1.2% over the past month.

Below-average quality, screening 28% undervalued on our models.

What matters now

  • A fairly wide model range (121.26 TWD to 286.28 TWD) leaves room in how you read the outcome.
  • Our model range runs from 121.26 TWD (bear) to 286.28 TWD (bull), base 162.83 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 41/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (21 months)

288.91 TWD 114.00 TWD Fair Value 162.83 TWD Oct 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

21‑month range 114.00 TWD – 288.91 TWD · fair‑value band 121.26 TWD – 286.28 TWD · the 127.00 TWD price screens below the 162.83 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

Dong Fang Offshore Co (7786) currently trades at 127.00 TWD, while our model-based Fair Value estimate is 162.83 TWD, implying the stock looks roughly 28.2% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Dong Fang Offshore Co generated revenue of 11.1B TWD at a net margin of 15.6%. Revenue grew 53.7% year over year. It earns a return on equity of 22.2%. Net debt stands at 712M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 121.26 TWD (bear case) to 286.28 TWD (bull case); at 127.00 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 57% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 28%, 7786 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 BearBaseBull Evidence
Highest evidence
Residual Income 66.99 TWD 89.05 TWD 336.80 TWD 76
ROIC Compounder 133.79 TWD 206.32 TWD 256.80 TWD 72
Growth-Adj P/E 322.90 TWD 461.29 TWD 599.68 TWD 68
All 14 models by family
Earnings-Based
Graham-Dodd 68.52 TWD 477.84 TWD 670.57 TWD 54
Lynch FV 246.87 TWD 352.67 TWD 458.47 TWD 50
PEG = 1.0 246.87 TWD 352.67 TWD 458.47 TWD 46
EPV 97.02 TWD 113.41 TWD 127.75 TWD 59
Multiples
P/E Multiple 158.70 TWD 211.60 TWD 264.50 TWD 63
P/S Multiple 89.48 TWD 119.31 TWD 149.13 TWD 58
P/B Multiple 128.47 TWD 171.30 TWD 214.12 TWD 55
EV/EBIT 165.32 TWD 220.87 TWD 276.41 TWD 53
EV/EBITDA 145.41 TWD 194.31 TWD 243.22 TWD 54
EV/Revenue 73.85 TWD 106.06 TWD 138.27 TWD 43
Asset-Based
NCAV (Graham) 28.03 TWD 37.55 TWD 56.05 TWD 50
Economic Profit
Residual Income 66.99 TWD 89.05 TWD 336.80 TWD 76
ROIC Compounder 133.79 TWD 206.32 TWD 256.80 TWD 72
Growth Earnings
Growth-Adj P/E 322.90 TWD 461.29 TWD 599.68 TWD 68

Widest divergence: Growth Earnings (461.29 TWD) versus Asset-Based (37.55 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 11.1B TWD
Revenue growth (YoY) +53.7%
Net margin 15.6%
Return on equity 22.2%
Free cash flow −3.7B TWD FY2025
P/E ratio 11.6
More key figures
Operating margin 15.8%
EPS (TTM) 10.95 TWD
EPS growth (YoY) -26.1%
Net debt 712M TWD FY2025

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 44 · Market factors (momentum, volatility) 17

Profitability 57
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 25
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 22
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

Dong Fang Offshore Co., Ltd. provides offshore maritime solutions. It operates various offshore vessels, including small vessels and large cable-laying ships with a total of 18 ships.

Full company description

Dong Fang Offshore Co., Ltd. provides offshore maritime solutions. It operates various offshore vessels, including small vessels and large cable-laying ships with a total of 18 ships. The company also provides power cable transport, installation, maintenance, and repair; cable burial; pull-in and cable T and T Support; horizontal directional drilling; nearshore export cable pull-in support; telecoms cable EPCI; and on-shore cable logistics and storage services. In addition, it engages in the provision of service operations and crew transfer vessels; cable and plant maintenance and repair; maritime vessel services, turbine and foundation installation support, equipment transportation, and crew and cargo transfer; and vessel management services which includes dispatch, maintenance, technical support, and regulatory compliance services, as well as routine inspection and maintenance. The company was founded in 2019 and is based in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dong Fang Offshore Co reported revenue of 10.5B TWD in FY2025 versus 1.0B TWD in FY2021, a compound +78.6%/yr. Reported net income was 1.8B TWD in FY2025, compounding +81.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
10.5B TWD
Latest YoY
+53.4%
Avg. growth/yr (3Y)
+58.4%
Revenue +78.6%/yr
FY21 1.0B TWD
FY22 2.6B TWD
FY23 4.9B TWD
FY24 6.8B TWD
FY25 10.5B TWD
Net income +81.9%/yr
FY21 162M TWD
FY22 479M TWD
FY23 989M TWD
FY24 1.2B TWD
FY25 1.8B TWD

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Cite: Fair Value Calculator (2026). "Dong Fang Offshore Co Fair Value". https://www.fairvalue-calculator.com/stock/7786

Peer Group

Specialty Business Services · 255 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 41 · Bottom 25%
Fair Value upside +28% · Above median
Return on equity (TTM) 22% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 54% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.20× · Higher than median

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 11.8× · Cheaper than 75% of peers
P/B 2.31× · Pricier than median
P/S (TTM) 2.05× · Pricier than median
EV/EBITDA 8.7× · Pricier than median

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 71 · sector 24
FUTURE 100 · sector 25
PAST 89 · sector 33
HEALTH 90 · sector 92
DIVIDEND 0 · sector 54

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is Dong Fang Offshore Co (7786) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 162.83 TWD versus a price of 127.00 TWD, about +28% (undervalued).
What is the fair value of 7786?
Our model-based fair value for Dong Fang Offshore Co is 162.83 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 127.00 TWD.
What is the quality score of 7786?
Dong Fang Offshore Co has a Quality Score of 41/100. 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 revenue of Dong Fang Offshore Co (7786)?
Dong Fang Offshore Co reported trailing-twelve-month revenue of about 11.1B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 7786?
The net profit margin of Dong Fang Offshore Co is about 15.6%, meaning it keeps roughly 15.6% 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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