Koan Hao Technology Co Ltd (8354) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Koan Hao Technology Co Ltd TWD 16.58, price TWD 17.10, upside -3.0%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 13.30 TWD – 19.10 TWD · fair‑value band 14.00 TWD – 20.14 TWD · the 17.10 TWD price screens above the 16.58 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Koan Hao Technology Co., Ltd. engaged in the processing, manufacturing, and trading of trademark paper, release paper, tape and other products in Taiwan, Vietnam, China, and internationally. The company offers release liners and adhesive tapes. It also provides pressure sensitive labels, including water-based, solvent-based, hot melt type, etc.
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Koan Hao Technology Co., Ltd. engaged in the processing, manufacturing, and trading of trademark paper, release paper, tape and other products in Taiwan, Vietnam, China, and internationally. The company offers release liners and adhesive tapes. It also provides pressure sensitive labels, including water-based, solvent-based, hot melt type, etc. for commodity packaging and industrial purposes; release papers, release films, and PE coated products; and polyimide protective films, polyester protective films, and OPP lamination tapes/transfer tapes. In addition, the company offers industrial double-sided, electronics, and quad flat no-leads package tapes; and specialty tapes, including fiberglass tapes, UV, thermal release tapes, cooling stripping type protective films, and lithographic red PET tapes. The company was formerly known as Koan Hao Enterprise Co., Ltd. and changed its name to Koan Hao Technology Co., Ltd. in 2013. Koan Hao Technology Co., Ltd. was founded in 1992 and is based in Nantou City, Taiwan.
Stock analysis
Koan Hao Technology Co Ltd (8354) currently trades at 17.10 TWD, while our model-based Fair Value estimate is 16.58 TWD, implying the stock looks roughly 3.1% fairly valued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 17.75 TWD per share, and 2 of the 19 models we run sit above the 17.10 TWD price.
Bear case: the Growth Earnings group reads lowest at 1.76 TWD, and 17 of the 19 models stay below the price. Evidence for this calculation is low.
Scenario range: 14.00 TWD (bear) to 20.14 TWD (bull), the price of 17.10 TWD sits inside 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 49/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Koan Hao Technology Co Ltd reported revenue of 644M TWD in FY2025 versus 759M TWD in FY2021, a compound −4.0%/yr. Reported net income was 10.6M TWD in FY2025, compounding −54.1%/yr from FY2021.
Key figures
Market cap 1.3B TWD (≈ $42.3M) · P/E ratio 113.2 · P/S ratio 1.87 · EPS (TTM) 0.1400 TWD · Dividend yield 0.6% · Net margin 1.7% · Return on equity 1.5% · Return on assets (EBIT) 2.6%.
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 10% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −40% fair-value upside, at −3%, 8354 screens cheaper than that median.
Fair Value models
Bear 14.00 TWDFair Value 16.58 TWDBull 20.14 TWD
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 (0.0220 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.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.
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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.6%
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.
−1.7%
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.
−3.2%
Start year 2020 (pandemic)
Revenue growth 8 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.
−3.0%
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What shareholders gained per year (last 5 years), in TWD ⓘ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. 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.
−35.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−35.9%
Dividend (yield on the price)0.6%
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.8% → −1%
⚠ Revenue per share shrinking 3.2%/yr over ~6Y (margins eroding too) ⓘ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.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+21.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +19.6% a year for the price.
Compare Koan Hao Technology Co Ltd with another stock
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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.Specialty Chemicals · 712 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−3% · Above median
Profitability
Return on equity (TTM)1% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)5% · Above median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth7% · Above median
Dividend yield (TTM)0.6% · Below median
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Koan Hao Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8354
Frequently asked questions
Is Koan Hao Technology Co Ltd (8354) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 16.58 TWD versus a price of 17.10 TWD, about −3% upside (fairly valued).
What is the fair value of 8354?
Our model-based fair value for Koan Hao Technology Co Ltd is 16.58 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 17.10 TWD.
What is the quality score of 8354?
Koan Hao Technology Co Ltd has a Quality Score of 49/100. 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 Koan Hao Technology Co Ltd (8354)?
Our model-based price target is the fair value of 16.58 TWD (as of Sep 24, 2026) from 19 valuation models. Cautious scenario 14.00 TWD, optimistic scenario 20.14 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Koan Hao Technology Co Ltd stock forecast for 2026?
Our models put fair value at 16.58 TWD, about −3% upside versus a price of 17.10 TWD (fairly valued). Cautious scenario 14.00 TWD, optimistic scenario 20.14 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Koan Hao Technology Co Ltd (8354)?
Koan Hao Technology Co Ltd reported trailing-twelve-month revenue of about 655M TWD (latest available figure, as of Sep 24, 2026).
Does Koan Hao Technology Co Ltd pay a dividend?
Koan Hao Technology Co Ltd currently shows a dividend yield of about 0.64% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Koan Hao Technology Co Ltd (8354)?
For today's price to be fair in a discounted-cash-flow model, Koan Hao Technology Co Ltd would have to grow free cash flow by +21.5 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 8354 use?
Our models discount Koan Hao Technology Co Ltd at 9.0 %: a base by market capitalisation (nano), damped by beta 0.24, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Koan Hao Technology Co Ltd that is +21.5 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Koan Hao Technology Co Ltd (8354) delivered so far?
Over the past 5 years revenue at Koan Hao Technology Co Ltd grew -3.2 % a year. The price currently implies +21.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Koan Hao Technology Co Ltd (8354) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Koan Hao Technology Co Ltd (+21.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Koan Hao Technology Co Ltd (8354)?
The free-cash-flow yield on the price is 2.20 %: that much free cash flow Koan Hao Technology Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Koan Hao Technology Co Ltd (8354)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Koan Hao Technology Co Ltd it is 16.58 TWD per share (as of Sep 24, 2026), against a price of 17.10 TWD. It is the blended result of 19 valuation models (cash flow, earnings, asset, dividend).
Is Koan Hao Technology Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 8354 trades above its calculated fair value: price 17.10 TWD, fair value 16.58 TWD, a gap of about −3% (fairly valued). 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 8354?
No. The price is what the market pays today (17.10 TWD); the fair value is what the company's own numbers justify (16.58 TWD). For Koan Hao Technology Co Ltd the two are 0.5200 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Koan Hao Technology Co Ltd worth?
The market values Koan Hao Technology Co Ltd at about 1.3B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 17.10 TWD; our models calculate a fair value of 16.58 TWD per share.
What do the bullish and bearish scenarios say about 8354?
Our models span a range for Koan Hao Technology Co Ltd: cautious scenario 14.00 TWD, base 16.58 TWD, optimistic 20.14 TWD per share (as of Sep 24, 2026, price 17.10 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8354?
Koan Hao Technology Co Ltd trades at a price-to-earnings ratio of 113.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 16.58 TWD is built from several models across several years. Other multiples: P/B 0.7, P/S 2.1, EV/EBITDA 17.7.
How solid is the balance sheet of Koan Hao Technology Co Ltd (8354)?
Balance-sheet figures for Koan Hao Technology Co Ltd (as of Sep 24, 2026): return on equity 1.5%, debt of 0.09 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 8354 from its 52-week high?
Koan Hao Technology Co Ltd trades at 17.10 TWD, about 10% below its 52-week high of 19.00 TWD and 21% above the low of 14.15 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 16.58 TWD is for.
Which stocks are comparable to Koan Hao Technology Co Ltd?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, 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 Koan Hao Technology Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 17.10 TWD, calculated fair value 16.58 TWD (−3%), Quality Score 49/100, from 19 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 8354 calculated?
We run Koan Hao Technology Co Ltd through 19 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 16.58 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 14.0 % above its aggregate fair value. Koan Hao Technology Co Ltd itself currently trades above fair value. 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 Koan Hao Technology Co Ltd (8354)?
The closing price on Sep 24, 2026 was 17.10 TWD. Our model-based fair value is 16.58 TWD, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Koan Hao Technology Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Koan Hao Technology Co Ltd
How large is the market capitalisation of Koan Hao Technology Co Ltd (8354)?
The market capitalisation of Koan Hao Technology Co Ltd is 1.3B TWD (≈ $42.3M). 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 Koan Hao Technology Co Ltd (8354)?
The price-to-sales ratio of Koan Hao Technology Co Ltd is 1.87 (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 Koan Hao Technology Co Ltd (8354)?
Earnings per share at Koan Hao Technology Co Ltd are 0.1400 TWD (price ÷ EPS = P/E 113.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Koan Hao Technology Co Ltd (8354)?
The dividend yield of Koan Hao Technology Co Ltd is 0.6% (payout 78.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Koan Hao Technology Co Ltd (8354)?
The net margin of Koan Hao Technology Co Ltd is 1.7% (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 Koan Hao Technology Co Ltd (8354)?
The return on equity (ROE) of Koan Hao Technology Co Ltd is 1.5% (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 Koan Hao Technology Co Ltd (8354)?
On an EBIT basis the return on assets of Koan Hao Technology Co Ltd is 2.6% (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 Koan Hao Technology Co Ltd (8354)?
The operating margin of Koan Hao Technology Co Ltd is 2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Koan Hao Technology Co Ltd (8354)?
Revenue at Koan Hao Technology Co Ltd is growing +6.6% versus a year earlier (3y avg −1.7%). 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 Koan Hao Technology Co Ltd (8354)?
Earnings per share at Koan Hao Technology Co Ltd are growing +650% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Koan Hao Technology Co Ltd (8354) carry?
The net debt of Koan Hao Technology Co Ltd is 1.6B TWD (fiscal year 2025, ≈ 53.8 yrs of FCF). 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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