Taiwan Shin Kong Security Co (9925) Fair Value & Analysis
Industrials · TW · Market cap 15.9B TWD
Fair value as of: Jul 21, 2026
From 24 valuation models · updated 19 days ago
Share price −1.7% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Our model range runs from 30.24 TWD (bear) to 50.40 TWD (bull), base 40.32 TWD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 55/100 (solid quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.
How to read this chart
60‑month range 29.17 TWD – 41.50 TWD · fair‑value band 30.24 TWD – 50.40 TWD · the 40.05 TWD price screens below the 40.32 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Taiwan Shin Kong Security Co (9925) currently trades at 40.05 TWD, while our model-based Fair Value estimate is 40.32 TWD, implying the stock looks roughly 0.7% fairly valued today. The Quality Score stands at 55/100 (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, Taiwan Shin Kong Security Co generated revenue of 8.1B TWD at a net margin of 11.2%. Revenue grew 7.2% year over year. It earns a return on equity of 7.2%. The balance sheet holds a net cash position of 1.2B TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 30.24 TWD (bear case) to 50.40 TWD (bull case); at 40.05 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 3% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 1%, 9925 screens richer 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.
All 24 models by family
Widest divergence: DCF Models (53.39 TWD) versus Asset-Based (22.75 TWD). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 54
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
Taiwan Shin Kong Security Co., Ltd., together with its subsidiaries, provides electronic security services in Taiwan. It operates through Electronic Services Business, Cash-In-Transit Business, Stationed Security Business, and Other segments.
Full company description
Taiwan Shin Kong Security Co., Ltd., together with its subsidiaries, provides electronic security services in Taiwan. It operates through Electronic Services Business, Cash-In-Transit Business, Stationed Security Business, and Other segments. The company engages in the design, sale, rental, installation, maintenance, repair, and inspection of disaster prevention, theft prevention, and fire protection equipment; and import and export of related products. It also provides cash escort and permanent security guard services. In addition, the company offers family security, community cloud guard, home care companionship, AED, SKS FireOut, SMART-ADD-ON, automate proteng, MEGA composter, and MEGA vision services; business cloud guard, AI smart video protection, business security, video surveillance, smart door keeper, SKS smart butler, smart BnB suite, GPS fleet management, digital dash camera, SKPOS, driving vision assist system, LADAKE mobile attendance, and WorkLink services; and smart green building, smart disaster prevention, fire alarm monitoring, and vehicle-specific fire blanket services. Further, it engages in general investment; transportation and security of cash and other valuables; operation of apartment building management and parking lots; information software; preservation of machinery and equipment; engineering construction; internet communication; access control and security systems; property management; installation and sale of electronic equipment and electronic information software; medical equipment retail; car rental; management services; and health and wellness products, and home appliance distribution activities. The company was formerly known as Taiwan Sogo Shin Kong Security Co. Ltd. Taiwan Shin Kong Security Co., Ltd. was incorporated in 1980 and is based in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Taiwan Shin Kong Security Co reported revenue of 8.1B TWD in FY2025 versus 7.6B TWD in FY2021, a compound +1.8%/yr. Reported net income was 911M TWD in FY2025, compounding −1.4%/yr from FY2021.
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Peer Group
Security & Protection Services · 113 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 Security & Protection Services median · lower = cheaper
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASSA ABLOY AB ASSAB | kr 348.40 | kr 269.97 | -23% |
| Verisure plc VSURE | €10.26 | €12.40 | +21% |
| Allegion plc ALLE | $137.24 | $127.80 | -7% |
| Securitas AB SECUB | kr 162.10 | kr 186.34 | +15% |
| Zhejiang Dahua Technology Co 002236 | ¥16.57 | ¥23.58 | +42% |
| MSA Safety Incorporated MSA | $169.00 | $118.51 | -30% |
| ADT Inc ADT | $7.06 | $17.10 | +142% |
| The Brink's Company BCO | $104.24 | $101.84 | -2% |
| Brady Corporation BRC | $90.16 | $73.43 | -19% |
| The GEO Group GEO | $29.46 | $32.36 | +10% |
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Frequently asked questions
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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.
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