Tah Hsin Industrial Corp (1315) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Tah Hsin Industrial Corp stock TWD 33.03, price TWD 70.00, that is 52.8% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 21 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 51.23 TWD – 78.02 TWD · fair‑value band 31.08 TWD – 36.08 TWD · the 70.00 TWD price screens above the 33.03 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Tahsin Industrial Corporation manufactures and trades rainwear, garments, furniture products, office equipment, and corrugated boards in Taiwan.
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The company offers plastic and nylon raincoats, wardrobes, nylon jackets, PP corrugated boards, TC garments, leather goods, handbags, file folders, plastic film, carrier bags and laminating machines, etc. It also provides office equipment, including punching and binding machines, and laminators.
In addition, the company trades in artificial leather, other synthetic resins, and various fiber products; and fabrics, clothing, shoes, caps, umbrellas, and apparel. Further, it purchases, leases, and sells property, as well as engages in the investment activities.
The company also exports its products. The company was formerly known as Tah Hsin Plastics Co., Ltd. and changed its name to Tah Hsin Industrial Corporation in 1970. Tahsin Industrial Corporation was incorporated in 1958 and is headquartered in Taichung, Taiwan.
Stock analysis
Tah Hsin Industrial Corp (1315) currently trades at 70.00 TWD, while our model-based Fair Value estimate is 33.03 TWD, 53% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 64.66 TWD per share, and 0 of the 21 models we run sit above the 70.00 TWD price.
Bear case: the Earnings-Based group reads lowest at 12.85 TWD, and 21 of the 21 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 31.08 TWD (bear) to 36.08 TWD (bull), the price of 70.00 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Tah Hsin Industrial Corp reported revenue of 2.3B TWD in FY2025 versus 2.4B TWD in FY2021, a compound −1.0%/yr. Reported net income was 148M TWD in FY2025, compounding +129.1%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 7.0B TWD (≈ $214M) Micro · P/E ratio 28.7 · P/S ratio 3.36 · EPS (TTM) 2.44 TWD · Dividend yield 6.4% · Net margin 11.2% · Return on equity 2.1% · Return on assets (EBIT) 1.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −7% fair-value upside, at −53%, 1315 screens richer than that median.
Fair Value models
Bear31.08 TWDFair Value 33.03 TWDBull36.08 TWD
Price 70.00 TWD · Downside -52.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+6.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.8%
Start year 2020 (pandemic). Over 10 years: −1.8% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.1%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−20.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.9%
Dividend (yield on the price)6.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−26.9% vs −5.5%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → −1%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.6%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +10.6% a year for the price.
Compare Tah Hsin Industrial Corp with another stock
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Peer Groupⓘ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.Apparel Manufacturing · 213 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside−52.8% · Bottom 25%
Profitability
Return on equity (12 months)2.1% · Below median
Return on assets1.4% · Below median
Net margin (12 months)11.2% · Top 25%
Operating margin (12 months)−2.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−8.1% · Bottom 25%
Dividend yield (12 months)6.4% · Top 25%
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
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Is Tah Hsin Industrial Corp (1315) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 33.03 TWD versus a price of 70.00 TWD, about 53% lower (overvalued).
What is the fair value of 1315?
Our model-based fair value for Tah Hsin Industrial Corp is 33.03 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 70.00 TWD.
What is the quality score of 1315?
Tah Hsin Industrial Corp has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Tah Hsin Industrial Corp (1315)?
Our model-based price target is the fair value of 33.03 TWD (as of Nov 8, 2026) from 21 valuation models. Cautious scenario 31.08 TWD, optimistic scenario 36.08 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Tah Hsin Industrial Corp stock forecast for 2026?
Our models put fair value at 33.03 TWD, about 53% lower versus a price of 70.00 TWD (overvalued). Cautious scenario 31.08 TWD, optimistic scenario 36.08 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Tah Hsin Industrial Corp (1315)?
Tah Hsin Industrial Corp reported trailing-twelve-month revenue of about 2.1B TWD (latest available figure, as of Nov 8, 2026).
Does Tah Hsin Industrial Corp pay a dividend?
Tah Hsin Industrial Corp currently shows a dividend yield of 6.43% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Tah Hsin Industrial Corp (1315) and when is the ex-dividend date?
Tah Hsin Industrial Corp pays a dividend of 4.50 TWD per share a year, a dividend yield of 6.4%. The last ex-dividend date was Aug 27, 2026. The payout ratio is 184% of earnings. Free cash flow covers the dividend 0.17 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into Tah Hsin Industrial Corp (1315)?
For today's price to be fair in a discounted-cash-flow model, Tah Hsin Industrial Corp would have to grow free cash flow by +12.4 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.8 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 1315 use?
Our models discount Tah Hsin Industrial Corp at 11.8 %: a base by market capitalisation (micro), damped by beta 0.17, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Tah Hsin Industrial Corp that is +12.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Tah Hsin Industrial Corp (1315) delivered so far?
Over the past 5 years revenue at Tah Hsin Industrial Corp grew +0.8 % a year. The price currently implies free-cash-flow growth of +12.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tah Hsin Industrial Corp (1315) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Tah Hsin Industrial Corp (+12.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tah Hsin Industrial Corp (1315)?
The free-cash-flow yield on the price is 1.07 %: that much free cash flow Tah Hsin Industrial Corp produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tah Hsin Industrial Corp (1315)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tah Hsin Industrial Corp it is 33.03 TWD per share (as of Nov 8, 2026), against a price of 70.00 TWD. It is the blended result of 21 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Tah Hsin Industrial Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 1315 trades above its calculated fair value: price 70.00 TWD, fair value 33.03 TWD, a gap of about −53% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1315?
No. The price is what the market pays today (70.00 TWD); the fair value is what the company's own numbers justify (33.03 TWD). For Tah Hsin Industrial Corp the two are 36.97 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Tah Hsin Industrial Corp worth?
The market values Tah Hsin Industrial Corp at about 7.0B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 70.00 TWD; our models calculate a fair value of 33.03 TWD per share.
What do the bullish and bearish scenarios say about 1315?
Our models span a range for Tah Hsin Industrial Corp: cautious scenario 31.08 TWD, base 33.03 TWD, optimistic 36.08 TWD per share (as of Nov 8, 2026, price 70.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1315?
Tah Hsin Industrial Corp trades at a price-to-earnings ratio of 28.7 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 33.03 TWD is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 32.5. Other multiples: P/B 0.7, P/S 3.4.
How solid is the balance sheet of Tah Hsin Industrial Corp (1315)?
Balance-sheet figures for Tah Hsin Industrial Corp (as of Nov 8, 2026): return on equity 2.1%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 1315 from its 52-week high?
Tah Hsin Industrial Corp trades at 70.00 TWD, about 6% below its 52-week high of 74.80 TWD and 16% above the low of 60.30 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 33.03 TWD is for.
Which stocks are comparable to Tah Hsin Industrial Corp?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, LPP SA, Levi Strauss & Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tah Hsin Industrial Corp stock attractive at the current price?
The data as of Nov 8, 2026: price 70.00 TWD, calculated fair value 33.03 TWD (−53%), Quality Score 54/100, from 21 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1315 calculated?
We run Tah Hsin Industrial Corp through 21 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 33.03 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Tah Hsin Industrial Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tah Hsin Industrial Corp (1315)?
The closing price on Nov 9, 2026 was 70.00 TWD. Our model-based fair value is 33.03 TWD, about 53% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tah Hsin Industrial Corp right now?
The price sits above even our optimistic bull case (36.08 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Tah Hsin Industrial Corp
How large is the market capitalisation of Tah Hsin Industrial Corp (1315)?
The market capitalisation of Tah Hsin Industrial Corp is 7.0B TWD (≈ $214M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Tah Hsin Industrial Corp (1315)?
The price-to-sales ratio of Tah Hsin Industrial Corp is 3.36 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tah Hsin Industrial Corp (1315)?
Earnings per share at Tah Hsin Industrial Corp are 2.44 TWD (price ÷ EPS = P/E 28.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tah Hsin Industrial Corp (1315)?
The dividend yield of Tah Hsin Industrial Corp is 6.4% (payout 184%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Tah Hsin Industrial Corp (1315)?
The net margin of Tah Hsin Industrial Corp is 11.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tah Hsin Industrial Corp (1315)?
The return on equity (ROE) of Tah Hsin Industrial Corp is 2.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tah Hsin Industrial Corp (1315)?
On an EBIT basis the return on assets of Tah Hsin Industrial Corp is 1.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tah Hsin Industrial Corp (1315)?
The operating margin of Tah Hsin Industrial Corp is −2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tah Hsin Industrial Corp (1315)?
Revenue at Tah Hsin Industrial Corp is growing −8.1% versus a year earlier (3y avg −5.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tah Hsin Industrial Corp (1315)?
Earnings per share at Tah Hsin Industrial Corp are growing −6.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Tah Hsin Industrial Corp (1315) hold?
Tah Hsin Industrial Corp holds more cash than debt, 2.2B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 8, 2026