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King Slide Works Co (2059) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 787B TWD

KS King Slide Works Co 2059 · TW
Price12,500 TWD
Fair Value1,917 TWD
Upside-84.7%
Quality80/100
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Healthy Growth
Highly profitable · 56.9% net margin
Low debt · generates free cash flow
0.59% dividend yield
Mixed vs. peers (7/15)
Wide moat 93/100
Evidence: High Range 1,492 TWD – 2,878 TWD Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated yesterday

Share price +47.1% over the past month.

A strong business, but screening 85% overvalued on our models.

What matters now

  • A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (2,878 TWD). The favourable scenario is already priced in.
  • A fairly wide model range (1,492 TWD to 2,878 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

12,500 TWD 289.13 TWD Fair Value 1,917 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 289.13 TWD – 12,500 TWD · fair‑value band 1,492 TWD – 2,878 TWD · the 12,500 TWD price screens above the 1,917 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

King Slide Works Co (2059) currently trades at 12,500 TWD, while our model-based Fair Value estimate is 1,917 TWD, implying the stock looks roughly 84.7% overvalued today. The Quality Score stands at 80/100 (high quality), in the Consumer Cyclical 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: high).

Over the trailing twelve months, King Slide Works Co generated revenue of 19.0B TWD at a net margin of 56.9%. Revenue grew 37.8% year over year. It earns a return on equity of 39.1%. The balance sheet holds a net cash position of 20.8B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1,492 TWD (bear case) to 2,878 TWD (bull case); at 12,500 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at -85%, 2059 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (197.04 TWD to 3,823 TWD). Read the values as a conservative anchor, not as a price target.
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
Growth DCF 1,798 TWD 3,225 TWD 5,928 TWD 80
Residual Income 787.54 TWD 1,125 TWD 11,168 TWD 76
Rev-Margin DCF 877.28 TWD 1,158 TWD 1,510 TWD 74
All 26 models by family
DCF Models
FCF DCF 1,826 TWD 3,359 TWD 6,541 TWD 38
Owner Earnings 1,670 TWD 3,112 TWD 5,919 TWD 31
5Y Revenue Exit 877.28 TWD 1,175 TWD 1,547 TWD 39
5Y EBITDA Exit 1,562 TWD 2,658 TWD 4,076 TWD 41
5Y P/E Exit 1,797 TWD 3,168 TWD 4,803 TWD 38
10Y Revenue Exit 1,153 TWD 1,559 TWD 2,139 TWD 36
10Y EBITDA Exit 1,636 TWD 2,704 TWD 4,414 TWD 37
10Y P/E Exit 1,799 TWD 3,097 TWD 5,068 TWD 35
Earnings-Based
Graham-Dodd 701.93 TWD 3,823 TWD 5,302 TWD 54
Lynch FV 1,061 TWD 1,516 TWD 1,971 TWD 50
PEG = 1.0 1,061 TWD 1,516 TWD 1,971 TWD 46
EPV 1,246 TWD 1,422 TWD 1,578 TWD 59
Dividend Discount
Gordon GGM 309.73 TWD 676.20 TWD 1,138 TWD 70
DDM Multi-Stage 309.73 TWD 553.92 TWD 704.71 TWD 61
Multiples
P/E Multiple 1,626 TWD 2,168 TWD 2,710 TWD 63
P/S Multiple 275.47 TWD 367.29 TWD 459.11 TWD 58
P/B Multiple 992.56 TWD 1,323 TWD 1,654 TWD 55
EV/EBIT 1,866 TWD 2,405 TWD 2,944 TWD 53
EV/EBITDA 1,522 TWD 1,947 TWD 2,372 TWD 54
EV/Revenue 480.11 TWD 579.28 TWD 678.45 TWD 43
Asset-Based
NCAV (Graham) 147.05 TWD 197.04 TWD 294.09 TWD 50
Growth DCF
Growth DCF 1,798 TWD 3,225 TWD 5,928 TWD 80
Rev-Margin DCF 877.28 TWD 1,158 TWD 1,510 TWD 74
Economic Profit
Residual Income 787.54 TWD 1,125 TWD 11,168 TWD 76
ROIC Compounder 1,278 TWD 1,498 TWD 1,721 TWD 72
Growth Earnings
Growth-Adj P/E 1,550 TWD 2,214 TWD 2,878 TWD 68

Widest divergence: DCF Models (2,704 TWD) versus Asset-Based (197.04 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 19.0B TWD
Revenue growth (YoY) +37.8%
Net margin 56.9%
Return on equity 39.1%
Free cash flow 10.3B TWD FY2025
P/E ratio 55.9 as of Jun 7, 2026
More key figures
Operating margin 67.1%
EPS (TTM) 100.60 TWD
Dividend yield 1.0%
EPS growth (YoY) +38.3%
Net cash 20.8B TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 80/100

Of which business quality 80 · Market factors (momentum, volatility) 82

Profitability 80
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 27
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 84
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

King Slide Works Co., Ltd., together with its subsidiaries, designs, manufactures, and sells rail kits for computer and network communications equipment, furniture wooden kitchen accessories, slides, and molds in Taiwan, the United States, China, and internationally.

Full company description

King Slide Works Co., Ltd., together with its subsidiaries, designs, manufactures, and sells rail kits for computer and network communications equipment, furniture wooden kitchen accessories, slides, and molds in Taiwan, the United States, China, and internationally. The company offers ultra-thin server slide rail kits, electronic device rail kits, and cable management arm for cloud computing data centers, as well as engages in the international investment activities. It also provides kitchen/furniture solutions, including metal and wood drawer systems, inner drawers and pull out systems, undermount slides, ball bearing slides, epoxy coating drawer slides, and hinges for home furniture, kitchen cabinets and work space; and consumer electronics services. In addition, the company is involved in trading and wholesale of rail kits, slides, and accessories; sale of communication equipment and related products; import and export of goods and technologies; and manufacture and sale of mechanical rail kits, servers, handheld wireless phones, electronic products, internet-related products, peripheral components, and data centers with rail kits. Its products are used in computer and network communications equipment, furniture wooden kitchen accessories, slides and molds, home appliances, motorhomes and RVs, office equipment, medical storage, and other applications. King Slide Works Co., Ltd. was incorporated in 1986 and is headquartered in Kaohsiung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

King Slide Works Co reported revenue of 17.5B TWD in FY2025 versus 6.3B TWD in FY2021, a compound +28.9%/yr. Reported net income was 9.8B TWD in FY2025, compounding +47.6%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
17.5B TWD
Latest YoY
+72.8%
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.
+30.9%
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.
+29.5%
Avg. growth/yr (22Y) 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.
+14.3%
Revenue +28.9%/yr
FY21 6.3B TWD
FY22 7.8B TWD
FY23 5.8B TWD
FY24 10.1B TWD
FY25 17.5B TWD
Net income +47.6%/yr
FY21 2.1B TWD
FY22 4.1B TWD
FY23 2.7B TWD
FY24 6.2B TWD
FY25 9.8B TWD
Character of growth · EPS growth decomposed (2014-2025) +15.0 % p.a.
Revenue per share +10.8 pp

of which total revenue +10.8 pp · buybacks/dilution +0.0 pp

EBIT margin +4.1 pp
Tax rate −0.3 pp
Residual (interest, one-offs) +0.5 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).

2059 screens 85% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "King Slide Works Co Fair Value". https://www.fairvalue-calculator.com/stock/2059

Peer Group

Furnishings, Fixtures & Appliances · 317 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 80 · Top 25%
Fair Value upside −85% · Bottom 25%
Return on equity (TTM) 39% · Top 25%
Return on assets 24% · Top 25%
Net margin (TTM) 57% · Top 25%
Operating margin (TTM) 67% · Top 25%
Revenue growth 38% · Top 25%
Dividend yield (TTM) 0.6% · Bottom 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 55.9× · Pricier than 75% of peers
P/B 28.07× · Pricier than 75% of peers
P/S (TTM) 41.41× · Pricier than 75% of peers
P/FCF 2.4× · Pricier than median
EV/EBITDA 57.1× · Pricier than 75% of peers
PEG 5.56× · Pricier than 75% of peers

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 18
FUTURE 100 · sector 0
PAST 100 · sector 19
HEALTH 99 · sector 98
DIVIDEND 12 · sector 52

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

Insider activity: 40/100

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥84.34 ¥99.66 +18%
Gree Electric Appliances, Inc 000651 ¥40.23 ¥86.91 +116%
Haier Smart Home Co 600690 ¥21.79 ¥36.04 +65%
Guangdong Songfa Ceramics Co 603268 ¥173.26 ¥38.83 -78%
Hisense Home Appliances Group 000921 ¥27.69 ¥50.62 +83%
Ecovacs Robotics Co 603486 ¥57.74 ¥54.14 -6%
Zhejiang Supor Co 002032 ¥41.68 ¥44.84 +8%
COWAY Co 021240 97,200 KRW 103,928 KRW +7%
Voltas Limited VOLTAS ₹1,290 ₹152.27 -88%
Sichuan Changhong Electric Co 600839 ¥6.85 ¥4.71 -31%

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Frequently asked questions

Is King Slide Works Co (2059) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1,917 TWD versus a price of 12,500 TWD, about −85% (overvalued).
What is the fair value of 2059?
Our model-based fair value for King Slide Works Co is 1,917 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 12,500 TWD.
What is the quality score of 2059?
King Slide Works Co has a Quality Score of 80/100. 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 King Slide Works Co (2059)?
King Slide Works Co reported trailing-twelve-month revenue of about 19.0B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2059?
The net profit margin of King Slide Works Co is about 56.9%, meaning it keeps roughly 56.9% of revenue as net income. Based on the latest reported figures.
Does King Slide Works Co pay a dividend?
King Slide Works Co currently shows a dividend yield of about 0.95% relative to its recent price (as of Aug 13, 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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