Hong Ho Precision Textile Co Ltd (1446) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Hong Ho Precision Textile Co Ltd stock TWD 35.77, price TWD 12.70, upside +181.7%, quality 67 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 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 9, 2026.
How to read this chart
60‑month range 12.40 TWD – 60.40 TWD · fair‑value band 26.79 TWD – 46.50 TWD · the 12.70 TWD price screens below the 35.77 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.
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Hong Ho Precision Textile Co.,Ltd. engages in the manufacture and sale of various textile products in Taiwan.
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It is also involved in the preparation, weaving, outsourced dyeing, and finishing of textile products; the manufacture and sale of garments; and the construction of residential and commercial buildings for leasing and sale.
Hong Ho Precision Textile Co.,Ltd. was founded in 1967 and is headquartered in Tainan City, Taiwan.
Stock analysis
Hong Ho Precision Textile Co Ltd (1446) currently trades at 12.70 TWD, while our model-based Fair Value estimate is 35.77 TWD, implying the stock looks roughly 64% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 57.12 TWD per share, and 24 of the 25 models we run sit above the 12.70 TWD price.
Bear case: the Asset-Based group reads lowest at 17.15 TWD, and 1 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: 26.79 TWD (bear) to 46.50 TWD (bull), the price of 12.70 TWD sits below 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 67/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2012: revenue and profit before it include the divested business. Growth is measured afresh from 2012.
Hong Ho Precision Textile Co Ltd reported revenue of 1.0B TWD in FY2025 versus 193M TWD in FY2021, a compound +51.6%/yr. Reported net income was 224M TWD in FY2025.
Key figures
Market cap 1.7B TWD (≈ $52.8M) Micro · P/E ratio 13.7 · P/S ratio 2.96 · EPS (TTM) 0.9300 TWD · Dividend yield 11.8% · Net margin 22.0% · Return on equity 4.8% · Return on assets (EBIT) 11.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −8% fair-value upside, at 182%, 1446 screens cheaper than that median.
Fair Value models
Bear26.79 TWDFair Value 35.77 TWDBull46.50 TWD
Price 12.70 TWD · Upside +181.7%
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.55/100
Spin-off in 2012: revenue and profit before it include the divested business. Growth is measured afresh from 2012.
Revenue growth 1 year
−72.3%
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.
+87.1%
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.
+15.8%
Start year 2020 (pandemic). Over 10 years: +1.5% a year
Revenue growth 13 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.
+2.3%
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What shareholders gained per year (last 3 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 3 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.
+38.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.6%
Dividend (yield on the price)11.8%
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.−2% → 32%
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
Compare Hong Ho Precision Textile Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Textile Manufacturing · 338 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+181.7% · Top 25%
Profitability
Return on equity (12 months)4.8% · Above median
Return on assets7.0% · Top 25%
Net margin (12 months)22.0% · Top 25%
Operating margin (12 months)20.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−67.9% · Bottom 25%
Dividend yield (12 months)11.8% · Top 25%
Valuation Multiplesvs Textile Manufacturing median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hong Ho Precision Textile Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1446
Frequently asked questions
Is Hong Ho Precision Textile Co Ltd (1446) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 35.77 TWD versus a price of 12.70 TWD, about +182% upside (undervalued).
What is the fair value of 1446?
Our model-based fair value for Hong Ho Precision Textile Co Ltd is 35.77 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 12.70 TWD.
What is the quality score of 1446?
Hong Ho Precision Textile Co Ltd has a Quality Score of 67/100. 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 Hong Ho Precision Textile Co Ltd (1446)?
Our model-based price target is the fair value of 35.77 TWD (as of Nov 9, 2026) from 25 valuation models. Cautious scenario 26.79 TWD, optimistic scenario 46.50 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Hong Ho Precision Textile Co Ltd stock forecast for 2026?
Our models put fair value at 35.77 TWD, about +182% upside versus a price of 12.70 TWD (undervalued). Cautious scenario 26.79 TWD, optimistic scenario 46.50 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Hong Ho Precision Textile Co Ltd (1446)?
Hong Ho Precision Textile Co Ltd reported trailing-twelve-month revenue of about 586M TWD (latest available figure, as of Nov 9, 2026).
Does Hong Ho Precision Textile Co Ltd pay a dividend?
Hong Ho Precision Textile Co Ltd currently shows a dividend yield of 11.81% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Hong Ho Precision Textile Co Ltd (1446) and when is the ex-dividend date?
Hong Ho Precision Textile Co Ltd pays a dividend of 1.50 TWD per share a year, a dividend yield of 11.8%. The last ex-dividend date was Jul 9, 2026. The payout ratio is 161% of earnings. Free cash flow covers the dividend 2.79 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Hong Ho Precision Textile Co Ltd (1446)?
For today's price to be fair in a discounted-cash-flow model, Hong Ho Precision Textile Co Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.8 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 1446 use?
Our models discount Hong Ho Precision Textile Co Ltd at 13.3 %: a base by market capitalisation (micro), 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 Hong Ho Precision Textile Co Ltd that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Hong Ho Precision Textile Co Ltd (1446) delivered so far?
Over the past 5 years revenue at Hong Ho Precision Textile Co Ltd grew +15.8 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 Hong Ho Precision Textile Co Ltd (1446) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Hong Ho Precision Textile Co Ltd (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hong Ho Precision Textile Co Ltd (1446)?
The free-cash-flow yield on the price is 33.32 %: that much free cash flow Hong Ho Precision Textile Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hong Ho Precision Textile Co Ltd (1446)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hong Ho Precision Textile Co Ltd it is 35.77 TWD per share (as of Nov 9, 2026), against a price of 12.70 TWD. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hong Ho Precision Textile Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 1446 trades below its calculated fair value: price 12.70 TWD, fair value 35.77 TWD, a gap of about +182% (undervalued). 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 1446?
No. The price is what the market pays today (12.70 TWD); the fair value is what the company's own numbers justify (35.77 TWD). For Hong Ho Precision Textile Co Ltd the two are 23.07 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Hong Ho Precision Textile Co Ltd worth?
The market values Hong Ho Precision Textile Co Ltd at about 1.7B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 12.70 TWD; our models calculate a fair value of 35.77 TWD per share.
What do the bullish and bearish scenarios say about 1446?
Our models span a range for Hong Ho Precision Textile Co Ltd: cautious scenario 26.79 TWD, base 35.77 TWD, optimistic 46.50 TWD per share (as of Nov 9, 2026, price 12.70 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1446?
Hong Ho Precision Textile Co Ltd trades at a price-to-earnings ratio of 13.7 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 35.77 TWD is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2016 to 2025), reported earnings: 37.8. Other multiples: PEG 1.0, P/B 0.6, P/S 3.0, EV/EBITDA 4.6.
What is the PEG ratio of 1446?
The PEG ratio of Hong Ho Precision Textile Co Ltd is 0.97 (P/E divided by earnings growth, as of Nov 9, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Hong Ho Precision Textile Co Ltd (1446)?
Balance-sheet figures for Hong Ho Precision Textile Co Ltd (as of Nov 9, 2026): return on equity 4.8%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 1446 from its 52-week high?
Hong Ho Precision Textile Co Ltd trades at 12.70 TWD, about 32% below its 52-week high of 18.80 TWD and 2% above the low of 12.40 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 35.77 TWD is for.
Which stocks are comparable to Hong Ho Precision Textile Co Ltd?
From the same area (Consumer Cyclical) we also value Tongkun Group, Shenzhou International Group, Inner Mongolia ERDOS Resources Co, Far Eastern New Century Corporation, 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 Hong Ho Precision Textile Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 12.70 TWD, calculated fair value 35.77 TWD (+182%), Quality Score 67/100, from 25 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 1446 calculated?
We run Hong Ho Precision Textile Co Ltd through 25 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 35.77 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. Hong Ho Precision Textile Co Ltd currently trades 64% below its own fair value, and the market average says nothing about that. 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 Hong Ho Precision Textile Co Ltd (1446)?
The closing price on Nov 9, 2026 was 12.70 TWD. Our model-based fair value is 35.77 TWD, about +182% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hong Ho Precision Textile Co Ltd right now?
The price is below even our cautious bear case (26.79 TWD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Hong Ho Precision Textile Co Ltd (1446) come from?
Earnings per share at Hong Ho Precision Textile Co Ltd grew +34.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.0 %, EBIT margin +26.1 %, tax rate +1.1 %, residual (interest, one-offs) −2.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Hong Ho Precision Textile Co Ltd
How large is the market capitalisation of Hong Ho Precision Textile Co Ltd (1446)?
The market capitalisation of Hong Ho Precision Textile Co Ltd is 1.7B TWD (≈ $52.8M). 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 Hong Ho Precision Textile Co Ltd (1446)?
The price-to-sales ratio of Hong Ho Precision Textile Co Ltd is 2.96 (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 Hong Ho Precision Textile Co Ltd (1446)?
Earnings per share at Hong Ho Precision Textile Co Ltd are 0.9300 TWD (price ÷ EPS = P/E 13.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hong Ho Precision Textile Co Ltd (1446)?
The dividend yield of Hong Ho Precision Textile Co Ltd is 11.8% (payout 161%). 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 Hong Ho Precision Textile Co Ltd (1446)?
The net margin of Hong Ho Precision Textile Co Ltd is 22.0% (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 Hong Ho Precision Textile Co Ltd (1446)?
The return on equity (ROE) of Hong Ho Precision Textile Co Ltd is 4.8% (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 Hong Ho Precision Textile Co Ltd (1446)?
On an EBIT basis the return on assets of Hong Ho Precision Textile Co Ltd is 11.2% (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 Hong Ho Precision Textile Co Ltd (1446)?
The operating margin of Hong Ho Precision Textile Co Ltd is 20.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hong Ho Precision Textile Co Ltd (1446)?
Revenue at Hong Ho Precision Textile Co Ltd is growing −67.9% versus a year earlier (3y avg +87.1%). 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 Hong Ho Precision Textile Co Ltd (1446)?
Earnings per share at Hong Ho Precision Textile Co Ltd are growing −73.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Hong Ho Precision Textile Co Ltd (1446) hold?
Hong Ho Precision Textile Co Ltd holds more cash than debt, 1.2B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 9, 2026