Thunder Tiger Corp (8033) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Thunder Tiger Corp TWD 242, price TWD 171, upside +42.2%, quality 25 out of 100. 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, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range 12.15 TWD – 269.50 TWD · fair‑value band 184.09 TWD – 306.65 TWD · the 170.50 TWD price screens below the 242.39 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Thunder Tiger Corp., together with its subsidiaries, manufactures and sells remote-controlled planes, helicopters, cars, boats, engine parts, and medical devices in Taiwan, the United States, and internationally. It also designs and manufactures dental handpieces and other dental equipment.
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Thunder Tiger Corp., together with its subsidiaries, manufactures and sells remote-controlled planes, helicopters, cars, boats, engine parts, and medical devices in Taiwan, the United States, and internationally. It also designs and manufactures dental handpieces and other dental equipment. The company was formerly known as Thunder Tiger Model Company Limited and changed its name to Thunder Tiger Corp. in 1997. Thunder Tiger Corp. was founded in 1968 and is based in Taichung, Taiwan.
Stock analysis
Thunder Tiger Corp (8033) currently trades at 170.50 TWD, while our model-based Fair Value estimate is 242.39 TWD, implying the stock looks roughly 29.7% undervalued today.
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Valuation
How firm this estimate is: it rests on 8 models at a data quality of 87/100, which puts the evidence level at low.
Scenario range: 184.09 TWD (bear) to 306.65 TWD (bull), the price of 170.50 TWD sits below 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 25/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Thunder Tiger Corp reported revenue of 1.4B TWD in FY2025 versus 1.2B TWD in FY2021, a compound +4.7%/yr. Reported net income was 87.6M TWD in FY2025, compounding +41.0%/yr from FY2021.
Key figures
Market cap 27.6B TWD (≈ $866M) · P/E ratio 362.8 · P/S ratio 22.3 · EPS (TTM) 0.4700 TWD · Net margin 6.2% · Return on equity 2.6% · Return on assets (EBIT) 1.9% · Operating margin 0.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 54% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 36% fair-value upside, at 42%, 8033 screens cheaper than that median.
Fair Value models
Bear 184.09 TWDFair Value 242.39 TWDBull 306.65 TWD
Price 170.50 TWD · Upside +42.2%
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 (0.3644 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.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.
Highest evidence
Residual Income8.27 TWD8.19 TWD8.41 TWD71
EV/EBITDA4.95 TWD6.35 TWD7.76 TWD67
Growth-Adj P/E6.26 TWD8.94 TWD11.62 TWD67
All 8 models by family
Earnings-Based
Graham-Dodd3.62 TWD6.80 TWD8.45 TWD66
Multiples
P/E Multiple8.78 TWD11.71 TWD14.64 TWD63
P/S Multiple6.79 TWD9.05 TWD11.31 TWD58
P/B Multiple6.79 TWD9.05 TWD11.31 TWD55
EV/EBITDA4.95 TWD6.35 TWD7.76 TWD67
Asset-Based
NCAV (Graham)5.72 TWD7.66 TWD11.44 TWD54
Economic Profit
Residual Income8.27 TWD8.19 TWD8.41 TWD71
Growth Earnings
Growth-Adj P/E6.26 TWD8.94 TWD11.62 TWD67
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
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.47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+14.4%
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.
+9.3%
Revenue growth 5 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.
+9.4%
Start year 2020 (pandemic). Over 10 years: +4.9% a year
Revenue growth 23 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.
+2.8%
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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.
+27.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.7%
Dividend (yield on the price)0.0%
Profit margin 2020 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.9% → −3%
2025 sits 91% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 2.1%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Leisure · 172 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score25 · Bottom 25%
Fair Value upside+42.2% · Above median
Profitability
Return on equity (TTM)2.6% · Below median
Return on assets−1.1% · Bottom 25%
Net margin (TTM)5.2% · Below median
Operating margin (TTM)0.1% · Below median
Growth and dividend
Revenue growth10.6% · Above median
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Leisure median · lower = cheaper
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Is Thunder Tiger Corp (8033) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 242.39 TWD versus a price of 170.50 TWD, about +42% upside (undervalued).
What is the fair value of 8033?
Our model-based fair value for Thunder Tiger Corp is 242.39 TWD (as of Oct 2, 2026), built from audited fundamentals. The current price: 170.50 TWD.
What is the quality score of 8033?
Thunder Tiger Corp has a Quality Score of 25/100. 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 Thunder Tiger Corp (8033)?
Our model-based price target is the fair value of 242.39 TWD (as of Oct 2, 2026) from 8 valuation models. Cautious scenario 184.09 TWD, optimistic scenario 306.65 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Thunder Tiger Corp stock forecast for 2026?
Our models put fair value at 242.39 TWD, about +42% upside versus a price of 170.50 TWD (undervalued). Cautious scenario 184.09 TWD, optimistic scenario 306.65 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Thunder Tiger Corp (8033)?
Thunder Tiger Corp reported trailing-twelve-month revenue of about 1.5B TWD (latest available figure, as of Oct 2, 2026).
What is the intrinsic value of Thunder Tiger Corp (8033)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Thunder Tiger Corp it is 242.39 TWD per share (as of Oct 2, 2026), against a price of 170.50 TWD. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Thunder Tiger Corp stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 8033 trades below its calculated fair value: price 170.50 TWD, fair value 242.39 TWD, a gap of about +42% (undervalued). 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 8033?
No. The price is what the market pays today (170.50 TWD); the fair value is what the company's own numbers justify (242.39 TWD). For Thunder Tiger Corp the two are 71.89 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Thunder Tiger Corp worth?
The market values Thunder Tiger Corp at about 27.6B TWD (market capitalisation, as of Oct 2, 2026). Per share that is 170.50 TWD; our models calculate a fair value of 242.39 TWD per share.
What do the bullish and bearish scenarios say about 8033?
Our models span a range for Thunder Tiger Corp: cautious scenario 184.09 TWD, base 242.39 TWD, optimistic 306.65 TWD per share (as of Oct 2, 2026, price 170.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8033?
Thunder Tiger Corp trades at a price-to-earnings ratio of 362.8 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 242.39 TWD is built from several models across several years. Other multiples: PEG 2.4, P/B 14.7, P/S 18.3.
What is the PEG ratio of 8033?
The PEG ratio of Thunder Tiger Corp is 2.38 (P/E divided by earnings growth, as of Oct 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Thunder Tiger Corp (8033)?
Balance-sheet figures for Thunder Tiger Corp (as of Oct 2, 2026): return on equity 2.6%, debt of 0.07 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is 8033 from its 52-week high?
Thunder Tiger Corp trades at 170.50 TWD, about 37% below its 52-week high of 269.50 TWD and 54% above the low of 110.50 TWD (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of 242.39 TWD is for.
Which stocks are comparable to Thunder Tiger Corp?
From the same area (Consumer Cyclical) we also value Pop Mart International Group, ANTA Sports Products Limited, Amer Sports, Inc, Hasbro, Inc, 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 Thunder Tiger Corp stock attractive at the current price?
The data as of Oct 2, 2026: price 170.50 TWD, calculated fair value 242.39 TWD (+42%), Quality Score 25/100, from 8 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 8033 calculated?
We run Thunder Tiger Corp through 8 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 242.39 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 14.6 % above its aggregate fair value. Thunder Tiger Corp currently trades 30 % 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 Thunder Tiger Corp (8033)?
The closing price on Oct 8, 2026 was 170.50 TWD. Our model-based fair value is 242.39 TWD, about +42% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Thunder Tiger Corp right now?
The large discount to fair value meets weak quality (25/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (184.09 TWD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Thunder Tiger Corp
How large is the market capitalisation of Thunder Tiger Corp (8033)?
The market capitalisation of Thunder Tiger Corp is 27.6B TWD (≈ $866M). 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 Thunder Tiger Corp (8033)?
The price-to-sales ratio of Thunder Tiger Corp is 22.3 (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 Thunder Tiger Corp (8033)?
Earnings per share at Thunder Tiger Corp are 0.4700 TWD (price ÷ EPS = P/E 362.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Thunder Tiger Corp (8033)?
The net margin of Thunder Tiger Corp is 6.2% (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 Thunder Tiger Corp (8033)?
The return on equity (ROE) of Thunder Tiger Corp is 2.6% (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 Thunder Tiger Corp (8033)?
On an EBIT basis the return on assets of Thunder Tiger Corp is 1.9% (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 Thunder Tiger Corp (8033)?
The operating margin of Thunder Tiger Corp is 0.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Thunder Tiger Corp (8033)?
Revenue at Thunder Tiger Corp is growing +10.6% versus a year earlier (3y avg +9.3%). 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 Thunder Tiger Corp (8033)?
Earnings per share at Thunder Tiger Corp are growing −37.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Thunder Tiger Corp (8033) generate?
The free cash flow of Thunder Tiger Corp is −372M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Thunder Tiger Corp (8033) carry?
The net debt of Thunder Tiger Corp is 475M TWD (fiscal year 2025). 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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