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Forest Water Environmental Engineering Co., Ltd. (8473.TW)

TWD45.15 +1.65 (+3.79%)
TW TAI Industrials Waste Management
Address No.99, Jilin Road 104
Taipei, TW
CEO Jen-Chieh Wu
Website mfw.com.tw
IPO 2015-03-30
ISIN TW0008473000

Explore sections of this company profile

Description

Forest Water Environmental Engineering Co., Ltd., founded in 1993 and headquartered in Taipei City, Taiwan, is actively engaged in the environmental engineering industry throughout Taiwan. The company specializes in the operation and comprehensive management of various vital facilities, including sewage treatment plants, recycling centers, and desalination plants. Their extensive service offerings span the entire project lifecycle, from initial design and construction to ongoing operation and maintenance. This includes advanced solutions for seawater desalination technology and equipment, as well as the processing of various organic waste materials such as livestock manure and kitchen waste. Furthermore, Forest Water provides integrated services for sludge treatment and recycling systems, alongside sophisticated wastewater recycling and reclaimed water technologies. Beyond plant management, the company addresses crucial environmental issues through services like soil pollution investigation and assessment, both on-site and off-site remediation efforts, brownfield development, and the off-site restoration of contaminated soil. They also provide waste treatment and incineration services.

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
TWD45.15 +1.65 (+3.79%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.44
Float Shares
64.69M
Free Float %
35.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+9.68% +25.84% +40.39% +32.63% +37.33% +34.76% +50.67% +80.00% +33.79% -7.34% -4.98%
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
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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
45.15
DCF (Unlevered) 102.16 +126.3%
DCF (Levered) 184.65 +309.0%

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) 50% Bullish
Rating 2024-11 Change
Strong Buy 1 0
Buy 1 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.50
Distress
Piotroski F-Score
8 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Waste Management: +4.3%
    +51.3% Q1'26: +10.3% (vs Q1'25)
  • EPS growth Waste Management: +10.8%
    +174.4% Q1'26: +32.6% (vs Q1'25)
  • FCF margin FCF growth · Waste Management: +46.5%
    +25.2% Q1'26: -0.2% (vs Q1'25)
  • EBIT margin Waste Management: +13.2%
    +17.7% Q1'26: +26.7% (vs Q1'25)
  • ROIC Waste Management: +6.2%
    +6.8% Q1'26: +10.7% (vs Q1'25)
  • Share dilution Waste Management: +0.0%
    +18.9% Q1'26: +0.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Waste Management: 1.12×
    5.02× Q1'26: 3.44× (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 (0.31) × ERP
WACC = 67% × Ke + 33% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 102.16 Current price: 45.15
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 2017
actual
Dec 2018
actual
Revenue
2.75B
est: 2.65B (+3.8%)
4.54B
est: 2.71B (+67.7%)
EBITDA
719.37M
est: 434.24M (+65.7%)
918.61M
est: 443.32M (+107.2%)
EBIT
672.53M
est: 306.11M (+119.7%)
829.82M
est: 312.50M (+165.5%)
Net Income
412.16M
367.15M
SGA
133.74M
est: 151.29M (-11.6%)
199.94M
est: 154.45M (+29.4%)
EPS
2.91
2.60
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-28 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-27 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-26 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-25 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-22 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-21 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-20 B+ 3/5 4/5 3/5 4/5 2/5 2/5 3/5
2026-05-19 B+ 3/5 4/5 3/5 4/5 2/5 2/5 3/5
2026-05-18 B+ 3/5 4/5 3/5 4/5 2/5 2/5 3/5
2026-05-15 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-14 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-13 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-05-12 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-05-11 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-08 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-07 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-06 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-05 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-04 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-30 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-29 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-04-28 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-04-27 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-04-24 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-04-23 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-04-22 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-04-21 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-20 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-17 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5
2026-04-16 B 3/5 4/5 3/5 4/5 1/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.09B
OE per share TTM
9.24
Owner's Yield
22.95%
Maintenance CapEx ratio
6.62%
Maint CapEx / Avg PPE
16.1%

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 8 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Avantis Emerging Markets Equity UCITS ETF USD Acc AVEM.L 0.00% 8.3K 0.35%
2 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.00% 1.5K 0.42%
3 Dimensional - Emerging Markets Value ETF DFEV 0.00% 21.3K 0.46%
4 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 85.8K 0.39%
5 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 47.4K 0.28%
6 Avantis Emerging Markets ex-China Equity ETF AVXC 0.00% 1.5K 0.33%
7 Dimensional - Emerging Core Equity Market ETF DFAE 0.00% 25.1K 0.29%
8 Avantis Emerging Markets Equity ETF AVEM 0.00% 101.30 0.33%

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
5.77M
Shares Outstanding
181.06M

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
Fu Sheng Hung Senior Assistant Vice President male
Jen-Chieh Wu President male
Kuang Yu Lo Assistant Vice President male
Pen Sheng Yu Vice President male
Tien Shun Hsu Vice President male
Wan Ting Huang Chief corporate governance officer female
Wei Cheng Tsai Assistant Vice President male
Xin Wen Yang Head of Accounting
Ya-Ching Huang Head of Finance female
Ying Chieh Lin Assistant Vice President 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