EN DE

Taiwan Television Enterprise Co (8329) Fair Value & Analysis

Communication Services · TW · Market cap 3.0B TWD

TT Taiwan Television Enterprise Co 8329 · TWO
Price10.40 TWD
Fair Value21.57 TWD
Upside+107.4%
Quality48/100
Watch Taiwan Television Enterprise Co for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Highly profitable · 37.9% net margin
negative free cash flow
7.04% dividend yield
Mixed vs. peers (6/11)
Narrow moat 36/100
Evidence: High Range 15.10 TWD – 27.59 TWD Share as image

Fair value as of: Jul 23, 2026

From 15 valuation models · updated 18 days ago

Share price −3.7% over the past month.

Below-average quality, screening 107% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (15.10 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (15.10 TWD to 27.59 TWD) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

13.69 TWD 6.34 TWD Fair Value 21.57 TWD Feb 2021 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

60‑month range 6.34 TWD – 13.69 TWD · fair‑value band 15.10 TWD – 27.59 TWD · the 10.40 TWD price screens below the 21.57 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Taiwan Television Enterprise Co (8329) currently trades at 10.40 TWD, while our model-based Fair Value estimate is 21.57 TWD, implying the stock looks roughly 107.4% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Communication Services 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: high), always confirm before acting.

Over the trailing twelve months, Taiwan Television Enterprise Co generated revenue of 960M TWD at a net margin of 37.9%. Revenue declined 9.4% year over year. It earns a return on equity of 8.1%. The balance sheet holds a net cash position of 451M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 15.10 TWD (bear case) to 27.59 TWD (bull case); at 10.40 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 about 14% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 12% fair-value upside, at 107%, 8329 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
Residual Income 13.41 TWD 14.32 TWD 15.77 TWD 76
Gordon GGM 6.59 TWD 7.18 TWD 8.07 TWD 70
Growth-Adj P/E 15.10 TWD 21.57 TWD 28.04 TWD 68
All 15 models by family
DCF Models
Owner Earnings 15.04 TWD 19.61 TWD 27.80 TWD 31
Earnings-Based
Graham-Dodd 8.83 TWD 10.79 TWD 12.14 TWD 54
EPV 14.23 TWD 16.07 TWD 17.66 TWD 59
Dividend Discount
Gordon GGM 6.59 TWD 7.18 TWD 8.07 TWD 70
DDM Multi-Stage 6.59 TWD 8.14 TWD 10.26 TWD 61
Multiples
P/E Multiple 21.42 TWD 28.56 TWD 35.70 TWD 63
P/S Multiple 8.99 TWD 11.98 TWD 14.98 TWD 58
P/B Multiple 16.55 TWD 22.07 TWD 27.59 TWD 55
EV/EBIT 19.68 TWD 25.39 TWD 31.09 TWD 53
EV/EBITDA 16.75 TWD 21.48 TWD 26.21 TWD 54
EV/Revenue 9.75 TWD 12.83 TWD 15.91 TWD 43
Asset-Based
NCAV (Graham) 8.12 TWD 10.89 TWD 16.25 TWD 50
Economic Profit
Residual Income 13.41 TWD 14.32 TWD 15.77 TWD 76
ROIC Compounder 14.23 TWD 16.07 TWD 18.09 TWD 67
Growth Earnings
Growth-Adj P/E 15.10 TWD 21.57 TWD 28.04 TWD 68

Widest divergence: Growth Earnings (21.57 TWD) versus Dividend Discount (7.18 TWD). Highest evidence: Residual Income (76).

Notify me when 8329 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 960M TWD
Revenue growth (YoY) -9.4%
Net margin 37.9%
Return on equity 8.1%
Free cash flow −162M TWD FY2025
P/E ratio 7.8
More key figures
Operating margin -10.5%
EPS (TTM) 1.30 TWD
Dividend yield 7.4%
EPS growth (YoY) -58.3%
Net cash 451M TWD FY2023

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 50

Profitability 38
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 82
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

Taiwan Television Enterprise Co.,Ltd. operates as a television company in Taiwan. The company engages in the production, broadcasting, and distribution of various television programs and advertisements, as well as video programs, records and audio tapes, etc. It is also involved in the publishing, distribution, and sale of books and magazines.

Full company description

Taiwan Television Enterprise Co.,Ltd. operates as a television company in Taiwan. The company engages in the production, broadcasting, and distribution of various television programs and advertisements, as well as video programs, records and audio tapes, etc. It is also involved in the publishing, distribution, and sale of books and magazines. In addition, the company offers cultural and artistic services; and performing arts activities. Taiwan Television Enterprise Co.,Ltd. was founded in 1962 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Taiwan Television Enterprise Co reported revenue of 960M TWD in FY2025 versus 1.1B TWD in FY2021, a compound −3.8%/yr. Reported net income was 364M TWD in FY2025, compounding +48.8%/yr from FY2021.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
960M TWD
Latest YoY
−14.6%
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.
−9.0%
Avg. 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.
−1.8%
Avg. growth/yr (6Y) 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.
−3.6%
Revenue −3.8%/yr
FY21 1.1B TWD
FY22 1.3B TWD
FY23 1.2B TWD
FY24 1.1B TWD
FY25 960M TWD
Net income +48.8%/yr
FY21 74.3M TWD
FY22 20.4M TWD
FY23 57.6M TWD
FY24 1.1B TWD
FY25 364M TWD

Watch 8329: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Taiwan Television Enterprise Co Fair Value". https://www.fairvalue-calculator.com/stock/8329

Peer Group

Broadcasting · 69 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 48 · Below median
Fair Value upside +107% · Top 25%
Return on equity (TTM) 8% · Top 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) 38% · Top 25%
Operating margin (TTM) -10% · Bottom 25%
Revenue growth -9% · Below median
Dividend yield (TTM) 7.0% · Top 25%

Valuation Multiples vs Broadcasting median · lower = cheaper

P/E (TTM) 8.2× · Cheaper than 75% of peers
P/B 0.66× · Cheaper than median
P/S (TTM) 3.13× · 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.

VALUE 100 · sector 36
FUTURE 0 · sector 0
PAST 33 · sector 3
HEALTH 0 · sector 96
DIVIDEND 100 · sector 47

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

Stock Price Fair Value vs Fair Value
Nexstar Media Group NXST $183.71 $78.52 -57%
SES S.A SESG €7.46 €15.46 +107%
PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK 505.00 IDR 1,094 IDR +117%
MFE-Mediaforeurope N.V MFEB €3.64 €5.38 +48%
Jiangsu Broadcasting Cable Information Network Corporation 600959 ¥3.07 ¥1.14 -63%
Sun TV Network Limited SUNTV ₹489.20 ₹586.58 +20%
MBC Group 4072 20.06 SAR 19.56 SAR -2%
Beijing Gehua Catv Network Co 600037 ¥7.13 ¥3.64 -49%
PT Surya Citra Media Tbk, SCMA 206.00 IDR 229.91 IDR +12%
Zee Entertainment Enterprises Limited ZEEL ₹92.61 ₹53.22 -43%

Compare Taiwan Television Enterprise Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Communication Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Taiwan Television Enterprise Co (8329) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 21.57 TWD versus a price of 10.40 TWD, about +107% (undervalued).
What is the fair value of 8329?
Our model-based fair value for Taiwan Television Enterprise Co is 21.57 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 10.40 TWD.
What is the quality score of 8329?
Taiwan Television Enterprise Co has a Quality Score of 48/100. 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 Taiwan Television Enterprise Co (8329)?
Taiwan Television Enterprise Co reported trailing-twelve-month revenue of about 960M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 8329?
The net profit margin of Taiwan Television Enterprise Co is about 37.9%, meaning it keeps roughly 37.9% of revenue as net income. Based on the latest reported figures.
Does Taiwan Television Enterprise Co pay a dividend?
Taiwan Television Enterprise Co currently shows a dividend yield of about 7.43% relative to its recent price (as of Jul 23, 2026).

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.

14 days Pro free · no card

Track Taiwan Television Enterprise Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.