Ton Yi Industrial Corp (9907) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Ton Yi Industrial Corp stock TWD 24.83, price TWD 14.00, upside +77.4%, quality 68 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 11.18 TWD – 21.00 TWD · fair‑value band 17.38 TWD – 32.72 TWD · the 14.00 TWD price screens below the 24.83 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Ton Yi Industrial Corp. manufactures and sells tinplate and plastic packaging materials in Taiwan, Mainland China, and internationally.
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The company provides tin mill black plates and cold rolled steel of thin gauge for use in the electric and electronic parts, appliances, steel furniture, containers, structural materials, etc.; tinplates and TFS products which are used in food packing materials, motor oil cans, electric parts, dry cells, stations, toys, etc.; and tin and metal cans for various food and beverages.
It offers beverages pet products for tea drink, vegetable and fruit juice, milk tea, coffee, sporty drinks, and vegetable protein drinks, as well as sales and technical services; beverage filling services for production of bottle can; and tetra packs for tea, juice, milk tea, coffee, soy milk and other products.
The company was formerly known as Ton Yi Agriculture Industrial Corporation and changed its name to Ton Yi Industrial Corp. in 1974. The company was incorporated in 1969 and is based in Tainan City, Taiwan.
Stock analysis
Ton Yi Industrial Corp (9907) currently trades at 14.00 TWD, while our model-based Fair Value estimate is 24.83 TWD, implying the stock looks roughly 44% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 28.59 TWD per share, and 20 of the 25 models we run sit above the 14.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 11.77 TWD, and 5 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: 17.38 TWD (bear) to 32.72 TWD (bull), the price of 14.00 TWD sits below 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 68/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Ton Yi Industrial Corp reported revenue of 45.6B TWD in FY2025 versus 41.9B TWD in FY2021, a compound +2.2%/yr. Reported net income was 2.2B TWD in FY2025, compounding +3.8%/yr from FY2021.
Key figures
Market cap 22.1B TWD (≈ $674M) Small · P/E ratio 14.7 · P/S ratio 0.52 · EPS (TTM) 0.9500 TWD · Dividend yield 8.4% · Net margin 3.5% · Return on equity 6.9% · Return on assets (EBIT) 6.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −18% fair-value upside, at 77%, 9907 screens cheaper than that median.
Fair Value models
Bear17.38 TWDFair Value 24.83 TWDBull32.72 TWD
Price 14.00 TWD · Upside +77.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.7%
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.
+1.6%
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.
+8.8%
Start year 2020 (pandemic). Over 10 years: +2.4% a year
Revenue growth 25 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.
+4.9%
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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.
+27.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.1%
Dividend (yield on the price)8.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.19.1% vs 11.0%, picking up
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.5% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−9.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −10.5% a year for the price.
Price, fair value, quality and upside side by side.
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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.Packaging & Containers · 261 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+77.4% · Top 25%
Profitability
Return on equity (12 months)6.9% · Above median
Return on assets6.2% · Top 25%
Net margin (12 months)3.5% · Below median
Operating margin (12 months)4.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)−16.0% · Bottom 25%
Dividend yield (12 months)8.4% · Top 25%
Balance sheet
Debt / equity0.14× · Below median
Valuation Multiplesvs Packaging & Containers median · lower = cheaper
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). "Ton Yi Industrial Corp Fair Value". https://www.fairvalue-calculator.com/stock/9907
Frequently asked questions
Is Ton Yi Industrial Corp (9907) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 24.83 TWD versus a price of 14.00 TWD, about +77% upside (undervalued).
What is the fair value of 9907?
Our model-based fair value for Ton Yi Industrial Corp is 24.83 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 14.00 TWD.
What is the quality score of 9907?
Ton Yi Industrial Corp has a Quality Score of 68/100. 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 Ton Yi Industrial Corp (9907)?
Our model-based price target is the fair value of 24.83 TWD (as of Nov 5, 2026) from 25 valuation models. Cautious scenario 17.38 TWD, optimistic scenario 32.72 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ton Yi Industrial Corp stock forecast for 2026?
Our models put fair value at 24.83 TWD, about +77% upside versus a price of 14.00 TWD (undervalued). Cautious scenario 17.38 TWD, optimistic scenario 32.72 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ton Yi Industrial Corp (9907)?
Ton Yi Industrial Corp reported trailing-twelve-month revenue of about 42.6B TWD (latest available figure, as of Nov 5, 2026).
Does Ton Yi Industrial Corp pay a dividend?
Ton Yi Industrial Corp currently shows a dividend yield of 8.43% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Ton Yi Industrial Corp (9907) and when is the ex-dividend date?
Ton Yi Industrial Corp pays a dividend of 1.18 TWD per share a year, a dividend yield of 8.4%. The last ex-dividend date was Jun 22, 2026. The payout ratio is 124% of earnings. Free cash flow covers the dividend 1.82 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Ton Yi Industrial Corp (9907)?
For today's price to be fair in a discounted-cash-flow model, Ton Yi Industrial Corp would have to grow free cash flow by -9.1 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.8 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 9907 use?
Our models discount Ton Yi Industrial Corp at 10.3 %: a base by market capitalisation (small), damped by beta 0.27, 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 Ton Yi Industrial Corp that is -9.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Ton Yi Industrial Corp (9907) delivered so far?
Over the past 5 years revenue at Ton Yi Industrial Corp grew +8.8 % a year. The price currently implies free-cash-flow growth of -9.1 % per 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 Ton Yi Industrial Corp (9907) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Ton Yi Industrial Corp (-9.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ton Yi Industrial Corp (9907)?
The free-cash-flow yield on the price is 15.28 %: that much free cash flow Ton Yi Industrial Corp produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ton Yi Industrial Corp (9907)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ton Yi Industrial Corp it is 24.83 TWD per share (as of Nov 5, 2026), against a price of 14.00 TWD. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Ton Yi Industrial Corp stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 9907 trades below its calculated fair value: price 14.00 TWD, fair value 24.83 TWD, a gap of about +77% (undervalued). 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 9907?
No. The price is what the market pays today (14.00 TWD); the fair value is what the company's own numbers justify (24.83 TWD). For Ton Yi Industrial Corp the two are 10.83 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ton Yi Industrial Corp worth?
The market values Ton Yi Industrial Corp at about 22.1B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 14.00 TWD; our models calculate a fair value of 24.83 TWD per share.
What do the bullish and bearish scenarios say about 9907?
Our models span a range for Ton Yi Industrial Corp: cautious scenario 17.38 TWD, base 24.83 TWD, optimistic 32.72 TWD per share (as of Nov 5, 2026, price 14.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9907?
Ton Yi Industrial Corp trades at a price-to-earnings ratio of 14.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 24.83 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 18.1. Other multiples: PEG 3.8, P/B 1.0, P/S 0.5, EV/EBITDA 4.4.
What is the PEG ratio of 9907?
The PEG ratio of Ton Yi Industrial Corp is 3.78 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Ton Yi Industrial Corp (9907)?
Balance-sheet figures for Ton Yi Industrial Corp (as of Nov 5, 2026): return on equity 6.9%, debt of 0.14 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 9907 from its 52-week high?
Ton Yi Industrial Corp trades at 14.00 TWD, about 31% below its 52-week high of 20.15 TWD and at the low of 14.00 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 24.83 TWD is for.
Which stocks are comparable to Ton Yi Industrial Corp?
From the same area (Consumer Cyclical) we also value Smurfit Westrock Plc,, Packaging Corporation, Amcor plc, International Paper Company, 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 Ton Yi Industrial Corp stock attractive at the current price?
The data as of Nov 5, 2026: price 14.00 TWD, calculated fair value 24.83 TWD (+77%), Quality Score 68/100, from 25 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 9907 calculated?
We run Ton Yi Industrial Corp through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 24.83 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Ton Yi Industrial Corp currently trades 44% below its own fair value, and the market average says nothing about that. 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 Ton Yi Industrial Corp (9907)?
The closing price on Nov 9, 2026 was 14.00 TWD. Our model-based fair value is 24.83 TWD, about +77% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ton Yi Industrial Corp right now?
The price is below even our cautious bear case (17.38 TWD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (17.38 TWD to 32.72 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Ton Yi Industrial Corp (9907) come from?
Earnings per share at Ton Yi Industrial Corp grew +6.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.1 %, EBIT margin +2.7 %, tax rate −1.4 %, residual (interest, one-offs) +3.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Ton Yi Industrial Corp
How large is the market capitalisation of Ton Yi Industrial Corp (9907)?
The market capitalisation of Ton Yi Industrial Corp is 22.1B TWD (≈ $674M). 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 Ton Yi Industrial Corp (9907)?
The price-to-sales ratio of Ton Yi Industrial Corp is 0.52 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ton Yi Industrial Corp (9907)?
Earnings per share at Ton Yi Industrial Corp are 0.9500 TWD (price ÷ EPS = P/E 14.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ton Yi Industrial Corp (9907)?
The dividend yield of Ton Yi Industrial Corp is 8.4% (payout 124%). 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 Ton Yi Industrial Corp (9907)?
The net margin of Ton Yi Industrial Corp is 3.5% (last twelve months). 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 Ton Yi Industrial Corp (9907)?
The return on equity (ROE) of Ton Yi Industrial Corp is 6.9% (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 Ton Yi Industrial Corp (9907)?
On an EBIT basis the return on assets of Ton Yi Industrial Corp is 6.8% (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 Ton Yi Industrial Corp (9907)?
The operating margin of Ton Yi Industrial Corp is 4.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ton Yi Industrial Corp (9907)?
Revenue at Ton Yi Industrial Corp is growing −16.0% versus a year earlier (3y avg +1.6%). 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 Ton Yi Industrial Corp (9907)?
Earnings per share at Ton Yi Industrial Corp are growing −46.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ton Yi Industrial Corp (9907) carry?
The net debt of Ton Yi Industrial Corp is 2.3B TWD (fiscal year 2025, ≈ 0.7 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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Thin data
Nov 5, 2026