Mega Union Technology Inc. (6944) Fair Value & Analysis
Industrials · TW · Market cap 71.4B TWD (≈ $2.3B)
What is Mega Union Technology Inc. really worth?
A solid business, but trading 97% above our fair value of 352.80 TWD.
Strengths
Risks
For context
Fair value as of: Aug 28, 2026
From 26 valuation models · updated 7 days ago
Share price −11.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide (264.01 TWD to 826.33 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.
How to read this chart
40‑month range 55.40 TWD – 829.00 TWD · fair‑value band 264.01 TWD – 826.33 TWD · the 696.00 TWD price screens above the 352.80 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.
Analysis
Mega Union Technology Inc. (6944) currently trades at 696.00 TWD, while our model-based Fair Value estimate is 352.80 TWD, implying the stock looks roughly 97.3% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of 747.81 TWD per share, and 9 of the 26 models we run sit above the 696.00 TWD price. Bear case: the Asset-Based group reads lowest at 53.94 TWD, and 17 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Mega Union Technology Inc. generated revenue of 18.6B TWD at a net margin of 14.7%. Revenue grew 54.8% year over year. It earns a return on equity of 39.6%. Net debt stands at 277M TWD. Fundamentals as of Aug 28, 2026
Our scenario range runs from 264.01 TWD (bear case) to 826.33 TWD (bull case); at 696.00 TWD, the current price sits within 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 share trades about 33% below its 52-week high and 73% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −49%, 6944 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 12.35 TWD per share, which is 3.5 % 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.
All 26 models by family
Widest divergence: Growth Earnings (747.81 TWD) versus Asset-Based (53.94 TWD). Highest evidence: FCF DCF (73).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 72
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Mega Union Technology Inc. engages in the planning, design, and installation of water and wastewater recycling systems in Taiwan, Singapore, the United States, Mainland China, and internationally. It provides pure water engineering system, wastewater engineering system, water recycling engineering system, and chemical recycling manufacturing systems.
Full company description
Mega Union Technology Inc. engages in the planning, design, and installation of water and wastewater recycling systems in Taiwan, Singapore, the United States, Mainland China, and internationally. It provides pure water engineering system, wastewater engineering system, water recycling engineering system, and chemical recycling manufacturing systems. The company also offers film cleaning and resin regeneration services; water treatment solutions and laboratory services; and drug delivery and filling services, chemical application test analysis, and dosage effect evaluation services. In addition, it offers sale and replacement of components and consumables, including filter materials, filter core, membranes, meters, and other equipment; and sells water treatment chemicals. The company was founded in 2004 and is headquartered in Taoyuan City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Mega Union Technology Inc. reported revenue of 16.9B TWD in FY2025 versus 7.7B TWD in FY2021, a compound +21.9%/yr. Reported net income was 2.4B TWD in FY2025, compounding +86.0%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
6944 screens 97% overvalued. Compare with Veralto Corporation →
Peer Group
Pollution & Treatment Controls · 93 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 Pollution & Treatment Controls 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.
Similar stocks
10 more Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Veralto Corporation VLTO | $97.68 | $67.62 | −31% |
| Zurn Elkay Water Solutions Corporation ZWS | $51.02 | $24.92 | −51% |
| Canmax Technologies Co 300390 | ¥61.99 | ¥10.07 | −84% |
| CECO Environmental Corp CECO | $79.59 | $15.19 | −81% |
| Fujian Longking Co 600388 | ¥17.41 | ¥15.59 | −10% |
| Munters Group MTRS | kr 183.90 | kr 48.58 | −74% |
| China Conch Venture Holdings 0586 | HK$8.50 | HK$10.70 | +26% |
| MayAir Technology (China) Co 688376 | ¥71.82 | ¥18.80 | −74% |
| Jingjin Equipment Inc 603279 | ¥12.41 | ¥18.97 | +53% |
| Zhongyuan Environmental Protection Co 000544 | ¥7.33 | ¥13.38 | +83% |
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