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Sunny Friend Environmental Technology Co., Ltd. (8341.TW)

TWD76.20 +1.00 (+1.33%)
TW TAI Industrials Waste Management
Address No. 1-20, Yuandong Road 655
Yunlin, TW
CEO Fang-Chen Chang
IPO 2014-03-28
ISIN TW0008341009

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Description

Sunny Friend Environmental Technology Co., Ltd., established in 1994 and headquartered in Yúnlín, Taiwan, delivers extensive environmental services throughout Taiwan and China. The company's primary focus is medical waste incineration, with operations categorized into transportation, waste disposal, and other related activities. It provides comprehensive hazardous waste management, including collection, incineration, solidification, physicochemical treatment, and landfilling. Beyond hazardous materials, Sunny Friend also processes infectious medical waste, general waste, and general business waste. Its industrial offerings extend to manufacturing and selling pollution control equipment, alongside installing waste cleaning systems. Furthermore, the firm engages in environmental engineering consulting, constructs environmental protection projects, and offers environmental sanitation and pollution control expertise. They also produce building materials and operate waste incineration facilities, complemented by various engineering consultation services. The company changed its name from Sunny Friend Waste Disposal Co., Ltd. to its current designation in May 2001.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD76.20 +1.00 (+1.33%)
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Volume Profile
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Liquidity & share structure
Average Volume
270.6K
Beta
0.29
Float Shares
84.99M
Free Float %
65.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.66% +0.53% -0.53% -1.69% -9.88% -3.81% -5.14% -50.03% -63.35% -46.41% +40.00%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
76.20
DCF (Unlevered) 233.85 +206.9%
DCF (Levered) 123.31 +61.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.10
Grey zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Waste Management: +4.3%
    +8.0% Q1'26: +13.4% (vs Q1'25)
  • EPS growth Waste Management: +10.8%
    +20.9% Q1'26: +16.3% (vs Q1'25)
  • FCF margin FCF growth · Waste Management: +46.5%
    +22.9% Q1'26: +27.4% (vs Q1'25)
  • EBIT margin Waste Management: +13.2%
    +23.8% Q1'26: +31.6% (vs Q1'25)
  • ROIC Waste Management: +6.2%
    +9.3% Q1'26: +12.6% (vs Q1'25)
  • Share dilution Waste Management: +0.0%
    +0.1% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Waste Management: 1.12×
    1.73× Q1'26: 1.35× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.28) × ERP
WACC = 77% × Ke + 23% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 241.63 Current price: 76.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Revenue
1.62B
est: 1.62B (0.0%)
1.82B
est: 1.81B (+0.6%)
1.90B
est: 1.91B (-0.3%)
2.21B
est: 2.21B (0.0%)
2.62B
est: 2.62B (+0.1%)
2.91B
est: 2.85B (+1.9%)
3.35B
est: 3.35B (+0.1%)
3.84B
est: 3.81B (+0.8%)
3.26B
est: 3.34B (-2.5%)
3.70B
est: 3.69B (+0.2%)
3.99B
est: 3.99B (+0.0%)
4.08B
4.08B – 4.08B
+2.2% YoY
EBITDA
822.63M
est: 738.04M (+11.5%)
959.23M
est: 819.80M (+17.0%)
1.13B
est: 867.04M (+30.5%)
1.24B
est: 1.00B (+23.4%)
1.57B
est: 1.19B (+32.2%)
1.63B
est: 1.30B (+25.7%)
1.67B
est: 1.52B (+10.1%)
1.76B
est: 1.73B (+1.5%)
1.22B
est: 1.42B (-14.0%)
1.40B
est: 1.57B (-11.1%)
1.68B
est: 1.70B (-1.4%)
1.74B
1.74B – 1.74B
+2.2% YoY
EBIT
625.57M
est: 490.37M (+27.6%)
752.20M
est: 544.70M (+38.1%)
878.66M
est: 576.08M (+52.5%)
1.05B
est: 665.71M (+57.5%)
1.26B
est: 789.64M (+59.1%)
1.30B
est: 860.65M (+51.0%)
1.23B
est: 1.01B (+21.6%)
1.19B
est: 1.15B (+3.7%)
619.72M
est: 867.68M (-28.6%)
719.79M
est: 959.18M (-25.0%)
947.95M
est: 1.04B (-8.6%)
1.06B
1.06B – 1.06B
+2.2% YoY
Net Income
513.54M
est: 578.58M (-11.2%)
613.76M
est: 693.13M (-11.5%)
783.79M
est: 904.24M (-13.3%)
823.36M
est: 929.84M (-11.5%)
993.00M
est: 1.13B (-12.1%)
993.95M
est: 1.13B (-12.0%)
944.91M
est: 1.06B (-10.7%)
861.29M
est: 1.02B (-15.9%)
408.56M
est: 428.20M (-4.6%)
480.20M
est: 487.37M (-1.5%)
582.87M
est: 593.85M (-1.9%)
591.24M
591.24M – 591.24M
-0.4% YoY
SGA
290.54M
est: 301.04M (-3.5%)
301.58M
est: 334.39M (-9.8%)
337.40M
est: 353.66M (-4.6%)
393.40M
est: 408.68M (-3.7%)
421.79M
est: 484.76M (-13.0%)
466.15M
est: 528.35M (-11.8%)
544.64M
est: 620.61M (-12.2%)
629.82M
est: 706.14M (-10.8%)
725.16M
est: 640.51M (+13.2%)
802.28M
est: 708.05M (+13.3%)
771.12M
est: 765.50M (+0.7%)
782.00M
782.00M – 782.00M
+2.2% YoY
EPS
4.59
est: 4.43 (+3.6%)
5.36
est: 5.31 (+1.0%)
6.85
est: 6.92 (-1.1%)
7.19
est: 7.12 (+1.0%)
8.68
est: 8.65 (+0.4%)
8.68
est: 8.65 (+0.4%)
8.26
est: 8.10 (+2.0%)
7.53
est: 7.85 (-4.0%)
3.40
est: 3.28 (+3.7%)
3.69
est: 3.73 (-1.1%)
4.48
est: 4.55 (-1.4%)
4.53
4.53 – 4.53
-0.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-05-11 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-05-08 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-05-07 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-05-06 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-05-05 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-05-04 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-30 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-29 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5
2026-04-28 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5
2026-04-27 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-24 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-23 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-22 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-21 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-20 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-17 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-16 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.17B
OE per share TTM
8.92
Owner's Yield
11.95%
Maintenance CapEx ratio
128.77%
Maint CapEx / Avg PPE
195.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 22 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 FlexShares STOXX Global Broad Infrastructure Index Fund NFRA 0.01% 349.6K 0.48%
2 Dimensional - Emerging Markets ex China Core Equity ETF DEXC 0.00% 14.4K 0.56%
3 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.00% 610.6K 0.06%
4 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 343.4K 0.39%
5 Dimensional - Emerging Markets Value ETF DFEV 0.00% 74.6K 0.46%
6 Avantis Emerging Markets ex-China Equity ETF AVXC 0.00% 9.6K 0.33%
7 Dimensional - Emerging Core Equity Market ETF DFAE 0.00% 158.7K 0.29%
8 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 20.8K 0.48%
9 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 46.9K 0.26%
10 Vanguard FTSE Emerging Markets ETF VWO 0.00% 2.32M 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.66M
Shares Outstanding
130.00M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Fang-Chen Chang President, Chairperson & GM 11M male
Yung-Tien Chang Vice GM & Director 7M male
Yong-Dian Chang Vice GM, GM's Office, Sales, Planning Department & Office of Environmental Safety and Director 6M male
Yao-Xian Wu Vice General Manager 5M male
Hong-Bin Hung Assistant Vice President 4M male
Ze-Zhi Li Assistant Vice President 4M male
Ming-Hung Hsieh Financial Officer & Accounting Officer
Long-Wei Lin Director of Management Department, Personnel Office, Public Relations & Legal Department male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits