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Thunder Tiger Corp (8033) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 31.4B TWD

TT Thunder Tiger Corp 8033 · TW
Price192.50 TWD
Fair Value284.47 TWD
Upside+47.8%
Quality36/100
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Strengths

Trades 32% below our fair value of 284.47 TWD

Risks

!Expensive Growth (revenue 5y +9.4 %/yr)
!Thin margins · 7.0% net margin
!Low debt · negative free cash flow
!Trails peers (4/13)
Expensive Growth (revenue 5y +9.4 %/yr)
Thin margins · 7.0% net margin
Low debt · negative free cash flow
Trails peers (4/13)
Narrow moat 21/100
Evidence: Medium Range 216.06 TWD – 359.88 TWD Share as image

Fair value as of: Aug 22, 2026

From 10 valuation models · updated 4 days ago

Fair value updated Aug 22, 2026, revised from 287.54 TWD to 284.47 TWD (−1.1%) since Aug 13, 2026. Share price +2.9% over the past month.

Below-average quality, trading 32% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (216.06 TWD). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

269.50 TWD 12.15 TWD Fair Value 284.47 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range 12.15 TWD – 269.50 TWD · fair‑value band 216.06 TWD – 359.88 TWD · the 192.50 TWD price screens below the 284.47 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

Thunder Tiger Corp (8033) currently trades at 192.50 TWD, while our model-based Fair Value estimate is 284.47 TWD, implying the stock looks roughly 47.8% undervalued today. The Quality Score stands at 36/100 (below-average quality), in the Consumer Cyclical 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, Thunder Tiger Corp generated revenue of 1.5B TWD at a net margin of 7.0%. Revenue grew 11.8% year over year. It earns a return on equity of 4.5%. Net debt stands at 475M TWD. Fundamentals as of Aug 22, 2026

Our scenario range runs from 216.06 TWD (bear case) to 359.88 TWD (bull case); at 192.50 TWD, the current price sits below 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 near its 52-week high and 224% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 9% fair-value upside, at 48%, 8033 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (1.31 TWD to 11.71 TWD). Read the values as a conservative anchor, not as a price target.
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
Residual Income 8.66 TWD 8.67 TWD 8.10 TWD 76
Gordon GGM 0.9600 TWD 1.31 TWD 1.66 TWD 70
Growth-Adj P/E 6.26 TWD 8.94 TWD 11.62 TWD 68
All 10 models by family
Earnings-Based
Graham-Dodd 3.62 TWD 6.80 TWD 8.45 TWD 54
Dividend Discount
Gordon GGM 0.9600 TWD 1.31 TWD 1.66 TWD 70
DDM Multi-Stage 0.9600 TWD 1.33 TWD 1.77 TWD 61
Multiples
P/E Multiple 8.78 TWD 11.71 TWD 14.64 TWD 63
P/S Multiple 6.79 TWD 9.05 TWD 11.31 TWD 58
P/B Multiple 6.79 TWD 9.05 TWD 11.31 TWD 55
EV/EBITDA 4.95 TWD 6.35 TWD 7.76 TWD 54
Asset-Based
NCAV (Graham) 5.72 TWD 7.66 TWD 11.44 TWD 50
Economic Profit
Residual Income 8.66 TWD 8.67 TWD 8.10 TWD 76
Growth Earnings
Growth-Adj P/E 6.26 TWD 8.94 TWD 11.62 TWD 68

Widest divergence: Multiples (9.05 TWD) versus Dividend Discount (1.31 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 337.7
P/S ratio 14.6 TTM
Net margin 7.0% TTM
Return on equity 4.5% TTM
Return on assets -0.5% TTM
Operating margin -0.7% TTM
More key figures
Profitability
EPS (TTM) 0.5700 TWD
Growth
Revenue (TTM) 1.5B TWD TTM
Revenue growth (YoY) +11.8% 3y avg +9.3%
EPS growth (YoY) +35.8%
Balance sheet & cash flow
Free cash flow −372M TWD FY2025
Net debt 475M TWD FY2025

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 40 · Market factors (momentum, volatility) 74

Profitability 30
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 8
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 92
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 91
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.4B TWD
Latest YoY
+14.4%
Avg. revenue 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.
+9.3%
Avg. revenue growth/yr (5Y) 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.
+9.4%
Avg. revenue growth/yr (23Y) 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.
+2.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+27.4% (27.4 + 0.0)
Revenue +4.7%/yr
FY21 1.2B TWD
FY22 1.1B TWD
FY23 985M TWD
FY24 1.2B TWD
FY25 1.4B TWD
Net income +41.0%/yr
FY21 22.2M TWD
FY22 24.4M TWD
FY23 −25.9M TWD
FY24 71.8M TWD
FY25 87.6M TWD

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Cite: Fair Value Calculator (2026). "Thunder Tiger Corp Fair Value". https://www.fairvalue-calculator.com/stock/8033

Peer Group

Leisure · 194 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 36 · Bottom 25%
Fair Value upside +48% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) -1% · Below median
Revenue growth 12% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 337.7× · Pricier than 75% of peers
P/B 16.65× · Pricier than 75% of peers
P/S (TTM) 21.42× · Pricier than 75% of peers
PEG 2.38× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE97 · sector 19
FUTURE59 · sector 15
PAST18 · sector 19
HEALTH96 · sector 94
DIVIDEND2 · 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

Similar stocks

10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$72.80 HK$119.82 +65%
Pop Mart International Group 9992 HK$151.00 HK$227.30 +51%
Amer Sports, Inc AS $33.03 $16.16 -51%
Hasbro, Inc HAS $94.89 $81.97 -14%
Life Time Group LTH $45.40 $15.61 -66%
Acushnet Holdings GOLF $89.10 $36.89 -59%
Ninebot Limited 689009 ¥44.94 ¥39.73 -12%
Li Ning Company 2331 HK$14.25 HK$29.50 +107%
Mattel, Inc MAT $14.65 $18.93 +29%
Planet Fitness, Inc PLNT $48.26 $52.62 +9%

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Frequently asked questions

Is Thunder Tiger Corp (8033) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of 284.47 TWD versus a price of 192.50 TWD, about +48% (undervalued).
What is the fair value of 8033?
Our model-based fair value for Thunder Tiger Corp is 284.47 TWD (as of Aug 22, 2026), built from audited fundamentals. The current price: 192.50 TWD.
What is the quality score of 8033?
Thunder Tiger Corp has a Quality Score of 36/100. 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 Thunder Tiger Corp (8033)?
Thunder Tiger Corp reported trailing-twelve-month revenue of about 1.5B TWD (latest available figure, as of Aug 22, 2026).
What is the net profit margin of 8033?
The net profit margin of Thunder Tiger Corp is about 7.0%, meaning it keeps roughly 7.0% 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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