Risk factor
Strong & resilient to price shocks
Profitability factor
Solid dividends
About
Tong Yang Industry Co., Ltd. is a well-established Taiwanese company that primarily specializes in the global manufacturing and distribution of components and models for both the automotive and motorcycle industries, reaching markets across Taiwan, China, the United States, and internationally. Their extensive product range includes critical plastic parts such as bumpers, grilles, and instrument panels, as well as metal body components like hoods and fenders, and essential cooling fans. Beyond vehicle parts, the company's operations also involve the processing and commercialization of various coatings, chemical raw materials, paints, varnishes, and fine chemicals. Additionally, Tong Yang is engaged in the production and sale of parts for steam locomotives. Their capabilities further extend to the design, manufacturing, upkeep, and trade of diverse molds, complemented by specialized services in product design, technology development, experimental testing, and overall service management. The company was founded in 1952 and is headquartered in Tainan City, Taiwan.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. In particular, the stock is reasonably priced on P/E, 'cheap' on EV
Target Price
The average target price of 1319.TW is 106 and suggests 33.9% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in