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Globe Union Industrial Corp (9934) Fair Value & Analysis

Industrials · TW · Market cap 4.4B TWD

GU Globe Union Industrial Corp 9934 · TW
Price12.00 TWD
Fair Value6.34 TWD
Upside-47.2%
Quality42/100
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Weak Growth
Loss-making · -0.2% net margin
Low debt · negative free cash flow
0.92% dividend yield
Trails peers (1/9)
Narrow moat 24/100
Evidence: Medium Range 5.78 TWD – 6.34 TWD Share as image

Fair value as of: Jul 21, 2026

From 9 valuation models · updated 20 days ago

Share price +16.5% over the past month.

Below-average quality, and screening another 47% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (6.34 TWD). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The models converge in a tight band (5.78 TWD to 6.34 TWD), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

20.45 TWD 9.04 TWD Fair Value 6.34 TWD Mar 2021 Aug 2026

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 9.04 TWD – 20.45 TWD · fair‑value band 5.78 TWD – 6.34 TWD · the 12.00 TWD price screens above the 6.34 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.

Full chart & analysis →

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Analysis

Globe Union Industrial Corp (9934) currently trades at 12.00 TWD, while our model-based Fair Value estimate is 6.34 TWD, implying the stock looks roughly 47.2% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Globe Union Industrial Corp generated revenue of 17.7B TWD at a net margin of -0.2%. Revenue grew 6.3% year over year. It earns a return on equity of -0.4%. Net debt stands at 3.3B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 5.78 TWD (bear case) to 6.34 TWD (bull case); at 12.00 TWD, the current price sits above 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 near its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at -47%, 9934 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.

Model 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
Highest evidence
ROIC Compounder 5.44 TWD 5.88 TWD 6.26 TWD 72
Gordon GGM 3.07 TWD 3.58 TWD 4.15 TWD 70
DDM Multi-Stage 3.07 TWD 3.98 TWD 5.10 TWD 61
All 9 models by family
DCF Models
Owner Earnings 6.97 TWD 8.40 TWD 11.15 TWD 31
Earnings-Based
EPV 5.44 TWD 5.88 TWD 6.26 TWD 59
Dividend Discount
Gordon GGM 3.07 TWD 3.58 TWD 4.15 TWD 70
DDM Multi-Stage 3.07 TWD 3.98 TWD 5.10 TWD 61
Multiples
EV/EBIT 10.44 TWD 13.02 TWD 15.61 TWD 53
EV/EBITDA 27.67 TWD 36.01 TWD 44.34 TWD 54
EV/Revenue 8.22 TWD 10.59 TWD 12.96 TWD 43
Asset-Based
NCAV (Graham) 7.38 TWD 9.89 TWD 14.76 TWD 50
Economic Profit
ROIC Compounder 5.44 TWD 5.88 TWD 6.26 TWD 72

Widest divergence: Multiples (13.02 TWD) versus Dividend Discount (3.58 TWD). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 17.7B TWD
Revenue growth (YoY) +6.3%
Net margin -0.2%
Return on equity -0.4%
Free cash flow −70.8M TWD FY2025
Operating margin 4.6%
More key figures
EPS (TTM) -0.2900 TWD
Dividend yield 0.9%
EPS growth (YoY) +389%
Net debt 3.3B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 41 · Market factors (momentum, volatility) 74

Profitability 37
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 69
Buybacks instead of dilution

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

Globe Union Industrial Corp., through its subsidiaries, engages in the manufacture and sale of plumbing products in the United States, Mainland China, the United Kingdom, Canada, and internationally.

Full company description

Globe Union Industrial Corp., through its subsidiaries, engages in the manufacture and sale of plumbing products in the United States, Mainland China, the United Kingdom, Canada, and internationally. It offers faucets and related parts; showerheads and vitreous products; porcelain bathroom fittings; kitchen and bathroom products and accessories; and fixtures and fittings, valves, and other plumbing related products. The company also provides marketing and sales support services, as well as operates a sales and maintenance center; as a trust company; and in the consulting industry. In addition, it invests in, develops, and manufactures hardware products. The company markets its products under the Gerber, Prima, Lenz, Prima, and Bathrooms To Love brands. It serves as an OEM source of products. The company was incorporated in 1979 and is headquartered in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Globe Union Industrial Corp reported revenue of 17.4B TWD in FY2025 versus 19.5B TWD in FY2021, a compound −2.8%/yr. Reported net income was −118M TWD in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
17.4B TWD
Latest YoY
−4.2%
Avg. growth/yr (3Y) 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.
−4.9%
Avg. growth/yr (5Y) 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.
+0.7%
Avg. growth/yr (25Y) 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.
+8.2%
Revenue −2.8%/yr
FY21 19.5B TWD
FY22 20.2B TWD
FY23 18.3B TWD
FY24 18.2B TWD
FY25 17.4B TWD
Net income
FY21 12.8M TWD
FY22 −889M TWD
FY23 605M TWD
FY24 470M TWD
FY25 −118M TWD
Character of growth · EPS growth decomposed (2014-2025) +4.3 % p.a.
Revenue per share −2.2 pp

of which total revenue −1.0 pp · buybacks/dilution −1.2 pp

EBIT margin +0.7 pp
Tax rate +1.8 pp
Residual (interest, one-offs) +4.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

9934 screens 47% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Globe Union Industrial Corp Fair Value". https://www.fairvalue-calculator.com/stock/9934

Peer Group

Building Products & Equipment · 247 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.

Quality Score 42 · Bottom 25%
Fair Value upside −47% · Below median
Return on assets 2% · Below median
Net margin (TTM) -0% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 6% · Above median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.30× · Higher than median

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.

VALUE 0 · sector 3
FUTURE 32 · sector 9
PAST 0 · sector 23
HEALTH 85 · sector 94
DIVIDEND 18 · sector 28

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is Globe Union Industrial Corp (9934) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 6.34 TWD versus a price of 12.00 TWD, about −47% (overvalued).
What is the fair value of 9934?
Our model-based fair value for Globe Union Industrial Corp is 6.34 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 12.00 TWD.
What is the quality score of 9934?
Globe Union Industrial Corp has a Quality Score of 42/100. 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 revenue of Globe Union Industrial Corp (9934)?
Globe Union Industrial Corp reported trailing-twelve-month revenue of about 17.7B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 9934?
The net profit margin of Globe Union Industrial Corp is about -0.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Globe Union Industrial Corp pay a dividend?
Globe Union Industrial Corp currently shows a dividend yield of about 0.92% relative to its recent price (as of Jul 21, 2026).

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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