Polygreen Resources Co., Ltd. (8423) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Polygreen Resources Co., Ltd. TWD 13.03, price TWD 18.05, upside -27.8%, quality 33 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Polygreen Resources Co., Ltd.
8423 · TWOWeak valuationQuality is weak on top of the rich price.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
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 11.53 TWD – 26.17 TWD · fair‑value band 9.12 TWD – 16.94 TWD · the 18.05 TWD price screens above the 13.03 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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Company profile
Polygreen Resources Co., Ltd., an investment holding company, engages in resource recycling and environmental protection business in Taiwan, Japan, China, Philippines, Vietnam, Indonesia, the Middle East, Singapore, and internationally.
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Polygreen Resources Co., Ltd., an investment holding company, engages in resource recycling and environmental protection business in Taiwan, Japan, China, Philippines, Vietnam, Indonesia, the Middle East, Singapore, and internationally. The company manufactures and sells Tyrec, a tyrec reclaimed rubber for use in tires, conveyor belts, inner tubes, ring pads, rubber matting, shoe soles, vibration pads, dock fenders, and other rubber products; and Burec, a butyl reclaimed rubber for use in butyl inner tubes, tire inner liners, butyl adhesives, and other butyl rubber-related products Its products also comprise T-Mesh, a crumb rubber for use in various applications in rubber products as compounding substitute, such as tire, ring pads, and rubber matting; and rubber granules that are recycled from the tire and industrial rubber waste that is used in the underlayment for running tracks, children's playgrounds, gym, and rubber tiles. The company also exports its products. It serves manufacturers in the tire and conveyor-belt industries. The company was founded in 1988 and is headquartered in Grand Cayman, the Cayman Islands.
Stock analysis
Polygreen Resources Co., Ltd. (8423) currently trades at 18.05 TWD, while our model-based Fair Value estimate is 13.03 TWD, implying the stock looks roughly 38.5% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 15.33 TWD per share, and 2 of the 16 models we run sit above the 18.05 TWD price.
Bear case: the Earnings-Based group reads lowest at 3.87 TWD, and 14 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: 9.12 TWD (bear) to 16.94 TWD (bull), the price of 18.05 TWD sits above 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 33/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Polygreen Resources Co., Ltd. reported revenue of 377M TWD in FY2025 versus 269M TWD in FY2021, a compound +8.8%/yr. Reported net income was 30.5M TWD in FY2025, compounding +14.1%/yr from FY2021.
Key figures
Market cap 753M TWD (≈ $23.6M) · P/E ratio 21.2 · P/S ratio 1.72 · EPS (TTM) 0.8500 TWD · Dividend yield 3.9% · Net margin 8.1% · Return on equity 5.7% · Return on assets (EBIT) 4.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 8% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −19% fair-value upside, at −28%, 8423 screens richer than that median.
Fair Value models
All 16 models by family
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Set up alert →Quality Score breakdown
Of which business quality 37 · Market factors (momentum, volatility) 54
Revenue & earnings trend
8423 screens 39% overvalued. Compare with O'Reilly Automotive, Inc →
Compare Polygreen Resources Co., Ltd. with another stock
Price, fair value, quality and upside side by side.
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.Auto Parts · 692 stocks
Valuation Multiplesvs Auto Parts median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: Taiwanese Stocks
- Valuation of the Taiwan market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Auto Parts stocks, each showing price versus our Fair Value estimate.
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| Magna International Inc MGA | $63.73 | $68.17 | +7% |
| Samvardhana Motherson International Limited MOTHERSON | ₹164.40 | ₹96.97 | −41% |
| Ningbo Tuopu Group 601689 | ¥45.71 | ¥28.28 | −38% |
| Bosch Limited BOSCHLTD | ₹47,955 | ₹25,325 | −47% |
| Bharat Forge Limited BHARATFORG | ₹2,004 | ₹407.35 | −80% |
| Huizhou Desay SV Automotive Co 002920 | ¥84.71 | ¥68.21 | −19% |
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Key figures of Polygreen Resources Co., Ltd.
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