Yulon Finance Corp. Pfd. (9941A) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Yulon Finance Corp. Pfd. TWD 97.70, price TWD 48.70, upside +100.6%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Yulon Finance Corp. Pfd. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 44.67 TWD – 52.50 TWD · fair‑value band 73.27 TWD – 147.52 TWD · the 48.70 TWD price screens below the 97.70 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.
Follow Yulon Finance Corp. Pfd. in your weekly email
Every Wednesday you see whether Yulon Finance Corp. Pfd. is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Taiwan Acceptance Corporation provides various financial services in China, Taiwan, and internationally. It offers vehicle and personal financing services, including new and used cars, and auto mortgage loans; motorcycle loan installments; and auto leasing services, as well as installment plans for other products and services.
Show more
Taiwan Acceptance Corporation provides various financial services in China, Taiwan, and internationally. It offers vehicle and personal financing services, including new and used cars, and auto mortgage loans; motorcycle loan installments; and auto leasing services, as well as installment plans for other products and services. The company also offers corporate financing services, such as installation plans for heavy vehicles and equipment leasing services. In addition, it offers used car sale intermediation services comprising auto auction and vehicle inspection. The company was formerly known as Yulon Finance Corporation. Taiwan Acceptance Corporation was incorporated in 1990 and is based in Taipei, Taiwan.
Stock analysis
Yulon Finance Corp. Pfd. (9941A) currently trades at 48.70 TWD, while our model-based Fair Value estimate is 97.70 TWD, implying the stock looks roughly 50.2% undervalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of 346.16 TWD per share, and 11 of the 12 models we run sit above the 48.70 TWD price.
Bear case: the Asset-Based group reads lowest at 47.17 TWD, and 1 of the 12 models stay below the price. Evidence for this calculation is high.
Scenario range: 73.27 TWD (bear) to 147.52 TWD (bull), the price of 48.70 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 47/100 (below-average quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Yulon Finance Corp. Pfd. reported revenue of 21.1B TWD in FY2025 versus 14.7B TWD in FY2021, a compound +9.5%/yr. Reported net income was 4.7B TWD in FY2025, compounding −2.5%/yr from FY2021.
Key figures
Market cap 28.0B TWD (≈ $882M) · P/E ratio 3.5 · P/S ratio 0.78 · EPS (TTM) 14.37 TWD · Dividend yield 9.0% · Net margin 22.1% · Return on equity 11.0% · Return on assets (EBIT) −2.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at 101%, 9941A screens cheaper than that median.
Fair Value models
Bear 73.27 TWDFair Value 97.70 TWDBull 147.52 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (7.55 TWD per share) are deliberately not added.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.Evidence ⓘEvidence = 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.81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.9%
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.
+11.9%
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.
+8.0%
Start year 2020 (pandemic)
Revenue growth 8 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.
+2.5%
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+8.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.3%
Dividend (yield on the price)9.0%
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.−31% → −25%
⚠ Revenue per share shrinking 6.4%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Yulon Finance Corp. Pfd. with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Credit Services · 329 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+103.1% · Top 25%
Profitability
Return on equity (TTM)11.0% · Above median
Return on assets1.2% · Below median
Net margin (TTM)11.7% · Below median
Operating margin (TTM)14.5% · Below median
Growth and dividend
Revenue growth−1.1% · Below median
Dividend yield (TTM)9.0% · Top 25%
Balance sheet
Debt / equity0.12× · Below median
Valuation Multiplesvs Credit Services 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.
Is Yulon Finance Corp. Pfd. (9941A) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 97.70 TWD versus a price of 48.70 TWD, about +101% upside (undervalued).
What is the fair value of 9941A?
Our model-based fair value for Yulon Finance Corp. Pfd. is 97.70 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 48.70 TWD.
What is the quality score of 9941A?
Yulon Finance Corp. Pfd. has a Quality Score of 47/100. 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 Yulon Finance Corp. Pfd. (9941A)?
Our model-based price target is the fair value of 97.70 TWD (as of Sep 24, 2026) from 12 valuation models. Cautious scenario 73.27 TWD, optimistic scenario 147.52 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Yulon Finance Corp. Pfd. stock forecast for 2026?
Our models put fair value at 97.70 TWD, about +101% upside versus a price of 48.70 TWD (undervalued). Cautious scenario 73.27 TWD, optimistic scenario 147.52 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Yulon Finance Corp. Pfd. (9941A)?
Yulon Finance Corp. Pfd. reported trailing-twelve-month revenue of about 39.4B TWD (latest available figure, as of Sep 24, 2026).
Does Yulon Finance Corp. Pfd. pay a dividend?
Yulon Finance Corp. Pfd. currently shows a dividend yield of about 8.99% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Yulon Finance Corp. Pfd. (9941A)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Yulon Finance Corp. Pfd. it is 97.70 TWD per share (as of Sep 24, 2026), against a price of 48.70 TWD. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Yulon Finance Corp. Pfd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 9941A trades below its calculated fair value: price 48.70 TWD, fair value 97.70 TWD, a gap of about +101% (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 9941A?
No. The price is what the market pays today (48.70 TWD); the fair value is what the company's own numbers justify (97.70 TWD). For Yulon Finance Corp. Pfd. the two are 49.00 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Yulon Finance Corp. Pfd. worth?
The market values Yulon Finance Corp. Pfd. at about 28.0B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 48.70 TWD; our models calculate a fair value of 97.70 TWD per share.
What do the bullish and bearish scenarios say about 9941A?
Our models span a range for Yulon Finance Corp. Pfd.: cautious scenario 73.27 TWD, base 97.70 TWD, optimistic 147.52 TWD per share (as of Sep 24, 2026, price 48.70 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9941A?
Yulon Finance Corp. Pfd. trades at a price-to-earnings ratio of 3.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 97.70 TWD is built from several models across several years. Other multiples: P/B 0.7, P/S 0.7, EV/EBITDA 4.1.
How solid is the balance sheet of Yulon Finance Corp. Pfd. (9941A)?
Balance-sheet figures for Yulon Finance Corp. Pfd. (as of Sep 24, 2026): return on equity 11.0%, debt of 0.12 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 9941A from its 52-week high?
Yulon Finance Corp. Pfd. trades at 48.70 TWD, about 5% below its 52-week high of 51.40 TWD and at the low of 48.70 TWD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 97.70 TWD is for.
Which stocks are comparable to Yulon Finance Corp. Pfd.?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 Yulon Finance Corp. Pfd. stock attractive at the current price?
The data as of Sep 24, 2026: price 48.70 TWD, calculated fair value 97.70 TWD (+101%), Quality Score 47/100, from 12 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 9941A calculated?
We run Yulon Finance Corp. Pfd. through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 97.70 TWD, 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 14.5 % above its aggregate fair value. Yulon Finance Corp. Pfd. currently trades 50 % 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 Yulon Finance Corp. Pfd. (9941A)?
The closing price on Oct 2, 2026 was 48.70 TWD. Our model-based fair value is 97.70 TWD, about +101% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Yulon Finance Corp. Pfd. right now?
The price is below even our cautious bear case (73.27 TWD). The market is more pessimistic than our downside scenario. Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (73.27 TWD to 147.52 TWD) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Yulon Finance Corp. Pfd.
How large is the market capitalisation of Yulon Finance Corp. Pfd. (9941A)?
The market capitalisation of Yulon Finance Corp. Pfd. is 28.0B TWD (≈ $882M). 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 Yulon Finance Corp. Pfd. (9941A)?
The price-to-sales ratio of Yulon Finance Corp. Pfd. is 0.78 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Yulon Finance Corp. Pfd. (9941A)?
Earnings per share at Yulon Finance Corp. Pfd. are 14.37 TWD (price ÷ EPS = P/E 3.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Yulon Finance Corp. Pfd. (9941A)?
The dividend yield of Yulon Finance Corp. Pfd. is 9.0% (payout 30.5%). 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 Yulon Finance Corp. Pfd. (9941A)?
The net margin of Yulon Finance Corp. Pfd. is 22.1% (fiscal year 2025). 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 Yulon Finance Corp. Pfd. (9941A)?
The return on equity (ROE) of Yulon Finance Corp. Pfd. is 11.0% (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 Yulon Finance Corp. Pfd. (9941A)?
On an EBIT basis the return on assets of Yulon Finance Corp. Pfd. is −2.2% (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 Yulon Finance Corp. Pfd. (9941A)?
The operating margin of Yulon Finance Corp. Pfd. is 14.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Yulon Finance Corp. Pfd. (9941A)?
Revenue at Yulon Finance Corp. Pfd. is growing −1.1% versus a year earlier (3y avg +11.9%). 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 Yulon Finance Corp. Pfd. (9941A)?
Earnings per share at Yulon Finance Corp. Pfd. are growing −0.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Yulon Finance Corp. Pfd. (9941A) generate?
The free cash flow of Yulon Finance Corp. Pfd. is 15.3B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Yulon Finance Corp. Pfd. (9941A) carry?
The net debt of Yulon Finance Corp. Pfd. is 212B TWD (fiscal year 2025, ≈ 13.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Yulon Finance Corp. Pfd. in the live analysis
One click puts Yulon Finance Corp. Pfd. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
