Risk factor
Sufficiently resilient to price shocks
Profitability factor
Greatly overvalued vs peers
About
Taiwan Glass Ind. Corp. specializes in the manufacturing, processing, and distribution of a comprehensive range of glass products. Its offerings include various forms of flat glass, such as standard float glass, processed glass, automotive glass, ultra-thin glass, and specialized photoelectric glass used for solar panel covers. The company also produces fiberglass materials, encompassing both glass fiber and glass fabrics. Furthermore, Taiwan Glass supplies a wide array of glass containers, suitable for everything from alcoholic beverages, soft drinks, and dairy products to food jars, spices, oils, and even pharmaceutical packaging, including distinctive cobalt blue options. Its consumer product line extends to tableware, featuring items like bowls, plates, drinking glasses, wine glasses, mugs, and various storage solutions, as well as kitchenware such as teapots, pitchers, and glass covers. These diverse glass products serve numerous industries and applications. Flat glass is essential for building construction, furniture, home decoration, mirrors, automotive parts, boats, photovoltaic covers, touchscreens, and decorative items. Fiberglass fabric plays a crucial role in electronic and information products, while reinforced fiberglass is utilized in yachts, building materials, industrial applications, engineering projects, and sports equipment. Glass containers are fundamental for packaging food, beverages, spirits, and medical products. Ultra-thin glass materials are specifically developed for the electronics industry, and protective glass/tape is used for tablet surfaces. In addition to its manufacturing activities, the company operates retail outlets under the TG brand. Established in 1964, Taiwan Glass Ind. Corp. is headquartered in Taipei, Taiwan.
Company Valuation
From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks. Specifically, the stock is 'expensive' on P/E, overvalued
Target Price
The average target price of 1802.TW is 77 and suggests 0.522% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendat