King Slide Works Co Ltd (2059) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 787B TWD (≈ $24.8B) · ISIN TW0002059003

What is King Slide Works Co Ltd really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

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.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• A fairly wide model range (1,492 TWD to 2,878 TWD) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range 302.44 TWD – 14,510 TWD · fair‑value band 1,492 TWD – 2,878 TWD · the 13,860 TWD price screens above the 1,917 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 17, 2026.

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Analysis

King Slide Works Co Ltd (2059) currently trades at 13,860 TWD, while our model-based Fair Value estimate is 1,917 TWD, implying the stock looks roughly 623.1% overvalued today. The Quality Score stands at 80/100 (high quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of 2,704 TWD per share, and 0 of the 26 models we run sit above the 13,860 TWD price. Bear case: the Asset-Based group reads lowest at 197.04 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, King Slide Works Co Ltd 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 17, 2026

Our scenario range runs from 1,492 TWD (bear case) to 2,878 TWD (bull case); at 13,860 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 6% fair-value upside, at −86%, 2059 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 33.56 TWD per share, which is 1.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Widest divergence: DCF Models (2,704 TWD) versus Asset-Based (197.04 TWD). Highest evidence: FCF DCF (76).

Key figures & financial health

Quality Score breakdown

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 Ltd 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.

2059 screens 623% overvalued. Compare with Midea Group →

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.

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

Strength profile in five axes (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: 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.

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