Federal (TPE:2102) Enterprise Value: NT$5,365.5 Mil (As of Jun. 29, 2026) ***


TPE:2102 Federal Corp TPE:2102
63 GF Score
Price NT$17.90
GF Value NT$16.70
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Federal Enterprise Value?

Federal TPE:2102 63 Enterprise Value is NT$5,365.5 Mil as of Jun. 29, 2026. GuruFocus rates TPE:2102 with a GF Score™ of 63/100 and a GF Value™ of NT$16.70 (Fairly Valued). The stock has 5 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Federal's Enterprise Value is NT$5,365.5 Mil. Federal's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was NT$3,017.4 Mil. Therefore, Federal's EV-to-EBIT ratio for today is 1.78.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Federal's Enterprise Value is NT$5,365.5 Mil. Federal's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was NT$3,105.6 Mil. Therefore, Federal's EV-to-EBITDA ratio for today is 1.73.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Federal's Enterprise Value is NT$5,365.5 Mil. Federal's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was NT$265.9 Mil. Therefore, Federal's EV-to-Revenue ratio for today is 20.18.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Federal's Enterprise Value is NT$5,365.5 Mil. Federal's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-256.8 Mil. Therefore, Federal's EV-to-OCF ratio for today is -20.90.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Federal's Enterprise Value is NT$5,365.5 Mil. Federal's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-266.5 Mil. Therefore, Federal's EV-to-FCF ratio for today is -20.13.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Federal  (TPE:2102) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Federal's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=5365.527/3017.426
=1.78

Federal's current Enterprise Value is NT$5,365.5 Mil.
Federal's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$3,017.4 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Federal's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=5365.527/3105.643
=1.73

Federal's current Enterprise Value is NT$5,365.5 Mil.
Federal's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$3,105.6 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Federal's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=5365.527/265.852
=20.18

Federal's current Enterprise Value is NT$5,365.5 Mil.
Federal's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$265.9 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Federal's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=5365.527/-256.774
=-20.90

Federal's current Enterprise Value is NT$5,365.5 Mil.
Federal's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-256.8 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Federal's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=5365.527/-266.529
=-20.13

Federal's current Enterprise Value is NT$5,365.5 Mil.
Federal's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-266.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Federal Enterprise Value Related Terms


Federal Enterprise Value Historical Data

* Premium members only.

The historical data trend for Federal's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Federal Enterprise Value Chart

Federal Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17,079.09 13,009.45 12,320.85 12,390.30 6,123.82

Federal Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12,390.30 11,586.92 12,920.40 12,263.00 6,123.82

TPE:2102 vs ORLY, AZO: Enterprise Value Comparison

For the Auto Parts subindustry, Federal's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Federal Enterprise Value vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Federal's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Federal's Enterprise Value falls into.


TPE:2102
63GF Score
Federal Corp TPE:2102
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Federal Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Federal's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Federal's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of NT$5,365.5 Mil mean?
Federal (TPE:2102) has a Enterprise Value of NT$5,365.5 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Federal and its competitors.
Is Federal's Enterprise Value too high?
Federal's current Enterprise Value is NT$5,365.5 Mil. Overall, Federal has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Federal's Enterprise Value compare to ORLY and AZO?
Federal's Enterprise Value of NT$5,365.5 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Vehicles & Parts company?
A good Enterprise Value depends on the Vehicles & Parts industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Federal and its competitors. Federal's current Enterprise Value is NT$5,365.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal stock overvalued right now?
Based on GuruFocus' analysis, Federal (TPE:2102) is currently considered Fairly Valued. The stock's GF Value™ is NT$16.70, compared to a current price of NT$17.90 — trading 7.2% above its estimated fair value. The current Enterprise Value is NT$5,365.5 Mil. Federal's overall GF Score™ is 63/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Federal (TPE:2102), the current Enterprise Value is NT$5,365.5 Mil as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Federal (TPE:2102) Overvalued in 2026?

Based on GuruFocus' analysis, Federal stock appears to be overvalued. The current stock price of NT$17.90 is trading 7.2% above its estimated GF Value™ of NT$16.70. GuruFocus considers Federal to be Fairly Valued.

Key valuation signals for TPE:2102:

  • Enterprise Value: NT$5,365.5 Mil
  • GF Value™: NT$16.70 vs. price of NT$17.90 (7.2% above fair value)
  • GF Score™: 63/100 with 5 warning signs

No single metric tells the full story. See the TPE:2102 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Federal Business Description

Address No. 398, Huanbei Road, 2nd Floor-2, Zhongli District, Taoyuan, TWN
Federal Corp is a Taiwan-based company that engages in the manufacturing and sale of automobile tires and rubber, as well as real estate development and leasing. Its products include tires for ultra-high performance (UHP) vehicles and high-performance vehicles, tires for passenger cars, and tires for sports utility vehicles (SUVs), among others. It also provides light truck tires, drift tires, and all-season tires. The company derives its key revenue from the domestic market and the rest from Asia and America.
63GF Score

Get the complete analysis for TPE:2102

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$17.90
Price
NT$16.70
GF Value