Kaulin Mfg (1531) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Kaulin Mfg stock TWD 20.53, price TWD 10.75, upside +91.0%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 11 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 10.65 TWD – 17.70 TWD · fair‑value band 16.74 TWD – 23.55 TWD · the 10.75 TWD price screens below the 20.53 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Kaulin Mfg. Co., Ltd. engages in the manufacture, assembly, and sale of various industrial sewing machines and related components in Taiwan, China, India, Japan, Asia, Latin America, and internationally.
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The company offers overlock, interlock, lockstitch, multi-needle/picoting chainstitch, computer-controlled cycle, 4-needle 6-thread flatseamer, and other sewing machines. It also provides electronic buttonhole, bartack, and button sewing machines, as well as automatic sewing equipment.
Its machines are used in various products, such as knitwear, jeans, and sportswear. Kaulin Mfg. Co., Ltd. was founded in 1965 and is based in Taipei, Taiwan.
Stock analysis
Kaulin Mfg (1531) currently trades at 10.75 TWD, while our model-based Fair Value estimate is 20.53 TWD, implying the stock looks roughly 48% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 22.33 TWD per share, and 9 of the 11 models we run sit above the 10.75 TWD price.
Bear case: the Asset-Based group reads lowest at 12.28 TWD, and 2 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 16.74 TWD (bear) to 23.55 TWD (bull), the price of 10.75 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 55/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Kaulin Mfg reported revenue of 1.5B TWD in FY2025 versus 2.9B TWD in FY2021, a compound −15.7%/yr. Reported net income was −21.3M TWD in FY2025.
Key figures
Market cap 2.0B TWD (≈ $62.2M) Micro · P/E ratio 39.8 · P/S ratio 1.39 · EPS (TTM) 0.2700 TWD · Dividend yield 9.3% · Net margin 3.3% · Return on equity 1.4% · Return on assets (EBIT) 0.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at 91%, 1531 screens cheaper than that median.
Fair Value models
Bear16.74 TWDFair Value 20.53 TWDBull23.55 TWD
Price 10.75 TWD · Upside +91.0%
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.38/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−8.9%
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.
−10.8%
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.
−1.5%
Start year 2020 (pandemic). Over 10 years: −5.2% a year
Revenue growth 25 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.
−3.0%
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Profit margin (trend) ⓘ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.
−5.0% (2020) → −2.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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.
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.Specialty Industrial Machinery · 813 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+91.0% · Top 25%
Profitability
Return on equity (12 months)1.4% · Below median
Return on assets−0.5% · Bottom 25%
Net margin (12 months)3.3% · Below median
Operating margin (12 months)−8.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)11.5% · Above median
Dividend yield (12 months)9.3% · Top 25%
Valuation Multiplesvs Specialty Industrial Machinery 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). "Kaulin Mfg Fair Value". https://www.fairvalue-calculator.com/stock/1531
Frequently asked questions
Is Kaulin Mfg (1531) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 20.53 TWD versus a price of 10.75 TWD, about +91% upside (undervalued).
What is the fair value of 1531?
Our model-based fair value for Kaulin Mfg is 20.53 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 10.75 TWD.
What is the quality score of 1531?
Kaulin Mfg has a Quality Score of 55/100. 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 Kaulin Mfg (1531)?
Our model-based price target is the fair value of 20.53 TWD (as of Nov 9, 2026) from 11 valuation models. Cautious scenario 16.74 TWD, optimistic scenario 23.55 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Kaulin Mfg stock forecast for 2026?
Our models put fair value at 20.53 TWD, about +91% upside versus a price of 10.75 TWD (undervalued). Cautious scenario 16.74 TWD, optimistic scenario 23.55 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Kaulin Mfg (1531)?
Kaulin Mfg reported trailing-twelve-month revenue of about 1.5B TWD (latest available figure, as of Nov 9, 2026).
Does Kaulin Mfg pay a dividend?
Kaulin Mfg currently shows a dividend yield of 9.30% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Kaulin Mfg (1531) and when is the ex-dividend date?
Kaulin Mfg pays a dividend of 1.00 TWD per share a year, a dividend yield of 9.3%. The last ex-dividend date was Aug 31, 2026. Free cash flow covers the dividend 1.84 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Kaulin Mfg (1531)?
For today's price to be fair in a discounted-cash-flow model, Kaulin Mfg would have to grow free cash flow by less than minus 40 % 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 -1.5 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 1531 use?
Our models discount Kaulin Mfg at 11.8 %: a base by market capitalisation (micro), damped by beta 0.08, 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 Kaulin Mfg that is less than minus 40 % 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 Kaulin Mfg (1531) delivered so far?
Over the past 5 years revenue at Kaulin Mfg grew -1.5 % 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 Kaulin Mfg (1531) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Kaulin Mfg (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 Kaulin Mfg (1531)?
The free-cash-flow yield on the price is 16.39 %: that much free cash flow Kaulin Mfg 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 Kaulin Mfg (1531)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kaulin Mfg it is 20.53 TWD per share (as of Nov 9, 2026), against a price of 10.75 TWD. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Kaulin Mfg stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 1531 trades below its calculated fair value: price 10.75 TWD, fair value 20.53 TWD, a gap of about +91% (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 1531?
No. The price is what the market pays today (10.75 TWD); the fair value is what the company's own numbers justify (20.53 TWD). For Kaulin Mfg the two are 9.78 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Kaulin Mfg worth?
The market values Kaulin Mfg at about 2.0B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 10.75 TWD; our models calculate a fair value of 20.53 TWD per share.
What do the bullish and bearish scenarios say about 1531?
Our models span a range for Kaulin Mfg: cautious scenario 16.74 TWD, base 20.53 TWD, optimistic 23.55 TWD per share (as of Nov 9, 2026, price 10.75 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1531?
Kaulin Mfg trades at a price-to-earnings ratio of 39.8 (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 20.53 TWD is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2024), reported earnings: 27.3. Other multiples: P/B 0.6, P/S 1.4.
How solid is the balance sheet of Kaulin Mfg (1531)?
Balance-sheet figures for Kaulin Mfg (as of Nov 9, 2026): return on equity 1.4%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 1531 from its 52-week high?
Kaulin Mfg trades at 10.75 TWD, about 22% below its 52-week high of 13.70 TWD and at the low of 10.75 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 20.53 TWD is for.
Which stocks are comparable to Kaulin Mfg?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin 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 Kaulin Mfg stock attractive at the current price?
The data as of Nov 9, 2026: price 10.75 TWD, calculated fair value 20.53 TWD (+91%), Quality Score 55/100, from 11 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 1531 calculated?
We run Kaulin Mfg through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 20.53 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. Kaulin Mfg currently trades 48% 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 Kaulin Mfg (1531)?
The closing price on Nov 9, 2026 was 10.75 TWD. Our model-based fair value is 20.53 TWD, about +91% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kaulin Mfg right now?
The price is below even our cautious bear case (16.74 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 (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Kaulin Mfg
How large is the market capitalisation of Kaulin Mfg (1531)?
The market capitalisation of Kaulin Mfg is 2.0B TWD (≈ $62.2M). 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 Kaulin Mfg (1531)?
The price-to-sales ratio of Kaulin Mfg is 1.39 (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 Kaulin Mfg (1531)?
Earnings per share at Kaulin Mfg are 0.2700 TWD (price ÷ EPS = P/E 39.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kaulin Mfg (1531)?
The dividend yield of Kaulin Mfg is 9.3%. 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 Kaulin Mfg (1531)?
The net margin of Kaulin Mfg is 3.3% (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 Kaulin Mfg (1531)?
The return on equity (ROE) of Kaulin Mfg is 1.4% (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 Kaulin Mfg (1531)?
On an EBIT basis the return on assets of Kaulin Mfg is 0.6% (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 Kaulin Mfg (1531)?
The operating margin of Kaulin Mfg is −8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kaulin Mfg (1531)?
Revenue at Kaulin Mfg is growing +11.5% versus a year earlier (3y avg −10.8%). 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 Kaulin Mfg (1531)?
Earnings per share at Kaulin Mfg are growing −82.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Kaulin Mfg (1531) hold?
Kaulin Mfg holds more cash than debt, 833M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 9, 2026