Zimmite Taiwan Ltd (8435) Fair Value & Analysis

Basic Materials · TW · Market cap 1.9B TWD (≈ $58.6M) · ISIN TW0008435009

What is Zimmite Taiwan Ltd really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

What matters now

• The price sits in the upper half of our model range, so the margin of safety is thin.
• The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range 38.47 TWD – 69.57 TWD · fair‑value band 35.57 TWD – 62.34 TWD · the 53.40 TWD price screens above the 47.29 TWD fair value. Dashed = 300-day average. As of Aug 17, 2026.

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Analysis

Zimmite Taiwan Ltd (8435) currently trades at 53.40 TWD, while our model-based Fair Value estimate is 47.29 TWD, implying the stock looks roughly 12.9% overvalued today. The Quality Score stands at 78/100 (high quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of 49.45 TWD per share, and 3 of the 22 models we run sit above the 53.40 TWD price. Bear case: the Asset-Based group reads lowest at 15.11 TWD, and 19 of the 22 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Zimmite Taiwan Ltd generated revenue of 626M TWD at a net margin of 20.2%. Revenue grew 5.4% year over year. It earns a return on equity of 15.5%. The balance sheet holds a net cash position of 134M TWD. Fundamentals as of Aug 17, 2026

Our scenario range runs from 35.57 TWD (bear case) to 62.34 TWD (bull case); at 53.40 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 21% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −48% fair-value upside, at −11%, 8435 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.4775 TWD per share, which is 1.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Widest divergence: Multiples (49.45 TWD) versus Asset-Based (15.11 TWD). Highest evidence: FCF DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Zimmite Taiwan Ltd. engages in the industrial water treatment activities in Taiwan and China. It offers cooling water treatment agents, such as corrosion inhibitors, scale inhibitors, algaecides, biocides, rust removers, and cooling water all-in-one tablets; and boiler water treatment agents, including internal treatment additives, oxygen scavengers, …

Full company description

Zimmite Taiwan Ltd. engages in the industrial water treatment activities in Taiwan and China. It offers cooling water treatment agents, such as corrosion inhibitors, scale inhibitors, algaecides, biocides, rust removers, and cooling water all-in-one tablets; and boiler water treatment agents, including internal treatment additives, oxygen scavengers, neutralizing amines, and filming amines. The company also provides boiler fireside treatment additives comprising fuel oil additives and soot removers; and oil refinery and petrochemical process additives consisting of corrosion inhibitors, antifoulants, desalting agents, demulsifiers"emulsion breakers, antifoamers/defoamers, metal passivating agents, polymerization inhibitors, and antioxidants. In addition, it offers wastewater treatment agents, including polymer flocculants, dewatering aids, heavy metal chelators, deodorants, and COD degradation agents; slow-release tablets, such as cooling water treatment tablets, drain pan slime preventive tablets, and chlorine donors; automatic chemicals dosing control equipment; and RO and scrubber chemicals. Further, the company provides technical services; water treatment technology supports; and clients service, intra-company cooperation, and technical information. It serves oil refineries and petrochemicals production plants, steel mills, power generation plants, office buildings, textile manufacturing processes, plastic manufacturing plants and processors, electronic manufacturing sector, and public facilities. Zimmite Taiwan Ltd. was founded in 1977 and is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zimmite Taiwan Ltd reported revenue of 618M TWD in FY2025 versus 773M TWD in FY2021, a compound −5.5%/yr. Reported net income was 124M TWD in FY2025, compounding −0.8%/yr from FY2021.

8435 screens 13% overvalued. Compare with Saudi Basic Industries Corporation →

Peer Group

Chemicals · 340 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.

Valuation Multiples vs Chemicals median · lower = cheaper

Strength profile in five axes (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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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