EN DE

Sunny Friend Environmental Technology Co (8341) Fair Value & Analysis

Industrials · TW · Market cap 9.9B TWD

SF Sunny Friend Environmental Technology Co 8341 · TW
Price77.20 TWD
Fair Value94.16 TWD
Upside+22.0%
Quality65/100
Watch Sunny Friend Environmental Technology Co for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Solidly profitable · 14.8% net margin
Low debt · generates free cash flow
5.28% dividend yield
Ranks above peers (11/14)
Wide moat 67/100
Evidence: Medium Range 70.62 TWD – 117.69 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Share price +0.8% over the past month.

A solid business, screening 22% undervalued on our models.

What matters now

  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 70.62 TWD (bear) to 117.69 TWD (bull), base 94.16 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 65/100 (solid quality) with medium evidence: read the verdict with care.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

214.10 TWD 69.20 TWD Fair Value 94.16 TWD Mar 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 69.20 TWD – 214.10 TWD · fair‑value band 70.62 TWD – 117.69 TWD · the 77.20 TWD price screens below the 94.16 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

Sunny Friend Environmental Technology Co (8341) currently trades at 77.20 TWD, while our model-based Fair Value estimate is 94.16 TWD, implying the stock looks roughly 22.0% undervalued today. The Quality Score stands at 65/100 (solid 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, Sunny Friend Environmental Technology Co generated revenue of 4.1B TWD at a net margin of 14.8%. Revenue grew 13.4% year over year. It earns a return on equity of 13.2%. Net debt stands at 2.2B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 70.62 TWD (bear case) to 117.69 TWD (bull case); at 77.20 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 20% 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 -40% fair-value upside, at 22%, 8341 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 76.69 TWD 140.65 TWD 243.60 TWD 80
Residual Income 36.61 TWD 40.84 TWD 58.87 TWD 76
Rev-Margin DCF 41.92 TWD 74.76 TWD 117.39 TWD 74
All 26 models by family
DCF Models
FCF DCF 77.64 TWD 148.36 TWD 266.87 TWD 38
Owner Earnings 74.51 TWD 142.82 TWD 257.30 TWD 31
5Y Revenue Exit 41.92 TWD 74.67 TWD 117.55 TWD 39
5Y EBITDA Exit 93.66 TWD 181.43 TWD 291.89 TWD 41
5Y P/E Exit 59.82 TWD 111.59 TWD 170.23 TWD 38
10Y Revenue Exit 52.30 TWD 87.17 TWD 137.88 TWD 36
10Y EBITDA Exit 87.12 TWD 163.69 TWD 280.66 TWD 37
10Y P/E Exit 65.17 TWD 113.63 TWD 181.02 TWD 35
Earnings-Based
Graham-Dodd 30.49 TWD 142.04 TWD 195.16 TWD 54
Lynch FV 37.51 TWD 53.58 TWD 69.65 TWD 50
PEG = 1.0 37.51 TWD 53.58 TWD 69.65 TWD 46
EPV 36.68 TWD 44.69 TWD 51.60 TWD 59
Dividend Discount
Gordon GGM 38.40 TWD 76.52 TWD 115.87 TWD 70
DDM Multi-Stage 38.40 TWD 66.13 TWD 80.77 TWD 61
Multiples
P/E Multiple 70.62 TWD 94.16 TWD 117.69 TWD 63
P/S Multiple 46.04 TWD 61.39 TWD 76.74 TWD 58
P/B Multiple 57.17 TWD 76.22 TWD 95.28 TWD 55
EV/EBIT 78.92 TWD 109.91 TWD 140.90 TWD 53
EV/EBITDA 111.75 TWD 153.68 TWD 195.61 TWD 54
EV/Revenue 24.62 TWD 41.20 TWD 57.78 TWD 43
Asset-Based
NCAV (Graham) 20.45 TWD 27.41 TWD 40.90 TWD 50
Growth DCF
Growth DCF 76.69 TWD 140.65 TWD 243.60 TWD 80
Rev-Margin DCF 41.92 TWD 74.76 TWD 117.39 TWD 74
Economic Profit
Residual Income 36.61 TWD 40.84 TWD 58.87 TWD 76
ROIC Compounder 36.68 TWD 48.93 TWD 66.49 TWD 72
Growth Earnings
Growth-Adj P/E 59.67 TWD 85.24 TWD 110.81 TWD 68

Widest divergence: DCF Models (113.63 TWD) versus Asset-Based (27.41 TWD). Highest evidence: Growth DCF (80).

Notify me when 8341 reaches fair value

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

Key figures & financial health

Revenue (TTM) 4.1B TWD
Revenue growth (YoY) +13.4%
Net margin 14.8%
Return on equity 13.2%
Free cash flow 973M TWD FY2025
P/E ratio 17.1
More key figures
Operating margin 31.6%
EPS (TTM) 4.46 TWD
Dividend yield 5.3%
EPS growth (YoY) +16.3%
Net debt 2.2B TWD FY2025

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

Quality Score breakdown

Overall quality 65/100

Of which business quality 64 · Market factors (momentum, volatility) 53

Profitability 42
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 59
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

Sunny Friend Environmental Technology Co., Ltd. engages in the bio-medical waste incineration business in Taiwan. The company is involved in the collection, incineration, solidification, physicochemical, and landfill of hazardous waste, as well as treatment of hazardous industrial waste, infectious medical, general waste, and general industrial waste …

Full company description

Sunny Friend Environmental Technology Co., Ltd. engages in the bio-medical waste incineration business in Taiwan. The company is involved in the collection, incineration, solidification, physicochemical, and landfill of hazardous waste, as well as treatment of hazardous industrial waste, infectious medical, general waste, and general industrial waste business. It also provides pollution control and waste disposal equipment. In addition, the company engages in installation of engineering, environmental engineering consulting activities. Further, it manufactures plastic building materials. The company was formerly known as Sunny Friend Waste Disposal co., ltd. and changed its name to Sunny Friend Environmental Technology Co., Ltd. in May 2001. Sunny Friend Environmental Technology Co., Ltd. was founded in 1994 and is headquartered in Yúnlín, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sunny Friend Environmental Technology Co reported revenue of 4.0B TWD in FY2025 versus 3.4B TWD in FY2021, a compound +4.4%/yr. Reported net income was 583M TWD in FY2025, compounding −11.4%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.0B TWD
Latest YoY
+7.9%
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.
+1.3%
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.
+6.5%
Avg. growth/yr (14Y) 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.
+16.2%
Revenue +4.4%/yr
FY21 3.4B TWD
FY22 3.8B TWD
FY23 3.3B TWD
FY24 3.7B TWD
FY25 4.0B TWD
Net income −11.4%/yr
FY21 945M TWD
FY22 861M TWD
FY23 409M TWD
FY24 480M TWD
FY25 583M TWD
Character of growth · EPS growth decomposed (2014-2025) −1.2 % p.a.
Revenue per share +8.2 pp

of which total revenue +9.9 pp · buybacks/dilution −1.7 pp

EBIT margin −6.2 pp
Tax rate −0.7 pp
Residual (interest, one-offs) −2.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch 8341: 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). "Sunny Friend Environmental Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/8341

Peer Group

Waste Management · 166 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 65 · Top 25%
Fair Value upside +22% · Above median
Return on equity (TTM) 13% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 5.3% · Top 25%
Debt / equity 0.47× · Higher than median

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 17.1× · Cheaper than median
P/B 1.87× · Pricier than median
P/S (TTM) 2.41× · Pricier than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 6.7× · Cheaper 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 63 · sector 8
FUTURE 67 · sector 22
PAST 53 · sector 25
HEALTH 77 · sector 81
DIVIDEND 100 · sector 30

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

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $233.33 $128.02 -45%
Republic Services, Inc RSG $219.20 $122.01 -44%
Waste Connections, Inc WCN C$242.43 C$78.67 -68%
Veolia Environnement SA VIE €37.51 €24.50 -35%
Clean Harbors, Inc CLH $303.64 $155.37 -49%
GFL Environmental Inc GFL C$55.40 C$94.12 +70%
Fomento de Construcciones y Contratas, S.A FCC €12.20 €7.30 -40%
GEM Co 002340 ¥6.32 ¥5.27 -17%
Zhejiang Weiming Environment Protection Co 603568 ¥15.75 ¥20.95 +33%
Cleanaway Waste Management Limited CWY A$2.34 A$1.18 -50%

Compare Sunny Friend Environmental Technology Co with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials 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 Sunny Friend Environmental Technology Co (8341) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 94.16 TWD versus a price of 77.20 TWD, about +22% (undervalued).
What is the fair value of 8341?
Our model-based fair value for Sunny Friend Environmental Technology Co is 94.16 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 77.20 TWD.
What is the quality score of 8341?
Sunny Friend Environmental Technology Co has a Quality Score of 65/100. 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 Sunny Friend Environmental Technology Co (8341)?
Sunny Friend Environmental Technology Co reported trailing-twelve-month revenue of about 4.1B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 8341?
The net profit margin of Sunny Friend Environmental Technology Co is about 14.8%, meaning it keeps roughly 14.8% of revenue as net income. Based on the latest reported figures.
Does Sunny Friend Environmental Technology Co pay a dividend?
Sunny Friend Environmental Technology Co currently shows a dividend yield of about 5.28% 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 Sunny Friend Environmental Technology 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.