Namchow Chemical Industrial Co Ltd (1702) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Namchow Chemical Industrial Co Ltd stock TWD 18.33, price TWD 31.05, that is 41.0% below the price, quality 26 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 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 5, 2026.
How to read this chart
60‑month range 30.80 TWD – 66.40 TWD · fair‑value band 12.10 TWD – 23.26 TWD · the 31.05 TWD price screens above the 18.33 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Namchow Holdings Co., Ltd., together with its subsidiaries, manufactures, processes, and sells edible and non-edible oil, frozen prepared food, and dish and laundry liquid detergent products in Taiwan, China, and Thailand.
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The company operates through Edible and Non-Edible Oil Products; Detergent Products; Frozen Dough; Ice Cream Products; Foods; Catering; and Management, Rental Revenue and Others segments.
It offers various ice cream, instant noodles, and rice crackers; and imports and retails liquor products; operates restaurants; and provides business management and investment consulting services.
The company was formerly known as Namchow Chemical Industrial Co., Ltd. and changed its name to Namchow Holdings Co., Ltd. in August 2017. Namchow Holdings Co., Ltd. was incorporated in 1952 and is headquartered in Taipei City, Taiwan.
Stock analysis
Namchow Chemical Industrial Co Ltd (1702) currently trades at 31.05 TWD, while our model-based Fair Value estimate is 18.33 TWD, 41% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 21.21 TWD per share, and 2 of the 16 models we run sit above the 31.05 TWD price.
Bear case: the Asset-Based group reads lowest at 2.30 TWD, and 14 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 12.10 TWD (bear) to 23.26 TWD (bull), the price of 31.05 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 26/100 (below-average quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Namchow Chemical Industrial Co Ltd reported revenue of 23.2B TWD in FY2025 versus 19.9B TWD in FY2021, a compound +3.9%/yr. Reported net income was 277M TWD in FY2025, compounding −28.7%/yr from FY2021.
Key figures
Market cap 15.2B TWD (≈ $463M) Small · P/E ratio 47.0 · P/S ratio 0.33 · EPS (TTM) 0.6600 TWD · Dividend yield 5.2% · Net margin 0.7% · Return on equity 2.1% · Return on assets (EBIT) 4.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (medium confidence).
What moves the price
The share trades about 22% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at −41%, 1702 screens richer than that median.
Fair Value models
Bear12.10 TWDFair Value 18.33 TWDBull23.26 TWD
Price 31.05 TWD · Downside -41.0%
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.
Best data coverage
Residual Income27.57 TWD28.62 TWD30.51 TWD76
EPV4.00 TWD4.58 TWD5.05 TWD73
ROIC Compounder4.00 TWD4.58 TWD5.05 TWD71
All 16 models by family
Earnings-Based
Graham-Dodd7.59 TWD22.22 TWD29.36 TWD65
Lynch FV4.63 TWD6.62 TWD8.60 TWD61
PEG = 1.04.63 TWD6.62 TWD8.60 TWD57
EPV4.00 TWD4.58 TWD5.05 TWD73
Dividend Discount
Gordon GGM13.28 TWD21.57 TWD27.37 TWD69
DDM Multi-Stage13.28 TWD19.17 TWD23.26 TWD67
Multiples
P/E Multiple17.58 TWD23.44 TWD29.30 TWD63
P/S Multiple14.23 TWD18.97 TWD23.72 TWD57
P/B Multiple56.73 TWD75.64 TWD94.55 TWD55
EV/EBIT1.45 TWD7.81 TWD14.16 TWD57
EV/EBITDA23.98 TWD37.85 TWD51.72 TWD65
EV/Revenuen/a1.82 TWD>7.28 TWD49
Asset-Based
NCAV (Graham)1.52 TWD2.30 TWD2.88 TWD54
Economic Profit
Residual Income27.57 TWD28.62 TWD30.51 TWD76
ROIC Compounder4.00 TWD4.58 TWD5.05 TWD71
Growth Earnings
Growth-Adj P/E14.24 TWD20.34 TWD26.44 TWD67
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.4%
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.
+4.2%
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.
+5.6%
Start year 2020 (pandemic). Over 10 years: +4.1% 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.
+7.6%
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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.
−23.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−28.7%
Dividend (yield on the price)5.2%
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.−28.7% vs −16.8%, 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.11% → 3%
Compare Namchow Chemical Industrial 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.Packaged Foods · 625 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score26 · Bottom 25%
Fair Value upside−41.0% · Bottom 25%
Profitability
Return on equity (12 months)2.1% · Below median
Return on assets1.3% · Below median
Net margin (12 months)1.1% · Below median
Operating margin (12 months)1.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−0.9% · Below median
Dividend yield (12 months)5.2% · Top 25%
Balance sheet
Debt / equity0.49× · Highest 25%
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/E (12 months)47.0× · Priciest 25%
P/B1.27× · Cheaper than median
P/S (12 months)1.03× · Pricier than median
EV/EBITDA18.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)0· sector 25
PAST (return on equity)8· sector 31
HEALTH (low debt)76· sector 96
DIVIDEND (yield)100· sector 55
VALUE 0: the price sits above our fair-value range.
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). "Namchow Chemical Industrial Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1702
Frequently asked questions
Is Namchow Chemical Industrial Co Ltd (1702) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 18.33 TWD versus a price of 31.05 TWD, about 41% lower (overvalued).
What is the fair value of 1702?
Our model-based fair value for Namchow Chemical Industrial Co Ltd is 18.33 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 31.05 TWD.
What is the quality score of 1702?
Namchow Chemical Industrial Co Ltd has a Quality Score of 26/100. 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 Namchow Chemical Industrial Co Ltd (1702)?
Our model-based price target is the fair value of 18.33 TWD (as of Nov 5, 2026) from 16 valuation models. Cautious scenario 12.10 TWD, optimistic scenario 23.26 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Namchow Chemical Industrial Co Ltd stock forecast for 2026?
Our models put fair value at 18.33 TWD, about 41% lower versus a price of 31.05 TWD (overvalued). Cautious scenario 12.10 TWD, optimistic scenario 23.26 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Namchow Chemical Industrial Co Ltd (1702)?
Namchow Chemical Industrial Co Ltd reported trailing-twelve-month revenue of about 23.1B TWD (latest available figure, as of Nov 5, 2026).
Does Namchow Chemical Industrial Co Ltd pay a dividend?
Namchow Chemical Industrial Co Ltd currently shows a dividend yield of 5.15% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Namchow Chemical Industrial Co Ltd (1702) and when is the ex-dividend date?
Namchow Chemical Industrial Co Ltd pays a dividend of 1.60 TWD per share a year, a dividend yield of 5.2%. The last ex-dividend date was May 28, 2026. 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 is the intrinsic value of Namchow Chemical Industrial Co Ltd (1702)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Namchow Chemical Industrial Co Ltd it is 18.33 TWD per share (as of Nov 5, 2026), against a price of 31.05 TWD. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Namchow Chemical Industrial Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 1702 trades above its calculated fair value: price 31.05 TWD, fair value 18.33 TWD, a gap of about −41% (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 1702?
No. The price is what the market pays today (31.05 TWD); the fair value is what the company's own numbers justify (18.33 TWD). For Namchow Chemical Industrial Co Ltd the two are 12.72 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Namchow Chemical Industrial Co Ltd worth?
The market values Namchow Chemical Industrial Co Ltd at about 15.2B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 31.05 TWD; our models calculate a fair value of 18.33 TWD per share.
What do the bullish and bearish scenarios say about 1702?
Our models span a range for Namchow Chemical Industrial Co Ltd: cautious scenario 12.10 TWD, base 18.33 TWD, optimistic 23.26 TWD per share (as of Nov 5, 2026, price 31.05 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1702?
Namchow Chemical Industrial Co Ltd trades at a price-to-earnings ratio of 47.0 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 18.33 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 12.4. Other multiples: P/B 1.3, P/S 1.0, EV/EBITDA 18.6.
How solid is the balance sheet of Namchow Chemical Industrial Co Ltd (1702)?
Balance-sheet figures for Namchow Chemical Industrial Co Ltd (as of Nov 5, 2026): return on equity 2.1%, debt of 0.49 per unit of equity. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is 1702 from its 52-week high?
Namchow Chemical Industrial Co Ltd trades at 31.05 TWD, about 22% below its 52-week high of 39.85 TWD and 1% above the low of 30.80 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 18.33 TWD is for.
Which stocks are comparable to Namchow Chemical Industrial Co Ltd?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, 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 Namchow Chemical Industrial Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 31.05 TWD, calculated fair value 18.33 TWD (−41%), Quality Score 26/100, from 16 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 1702 calculated?
We run Namchow Chemical Industrial Co Ltd through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 18.33 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. Namchow Chemical Industrial Co Ltd 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 Namchow Chemical Industrial Co Ltd (1702)?
The closing price on Nov 9, 2026 was 31.05 TWD. Our model-based fair value is 18.33 TWD, about 41% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Namchow Chemical Industrial Co Ltd right now?
The price sits above even our optimistic bull case (23.26 TWD). The favourable scenario is already priced in. Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (12.10 TWD to 23.26 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Namchow Chemical Industrial Co Ltd (1702) come from?
Earnings per share at Namchow Chemical Industrial Co Ltd grew −5.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.6 %, EBIT margin −8.6 %, tax rate −0.2 %, residual (interest, one-offs) +1.0 %. 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 Namchow Chemical Industrial Co Ltd
How large is the market capitalisation of Namchow Chemical Industrial Co Ltd (1702)?
The market capitalisation of Namchow Chemical Industrial Co Ltd is 15.2B TWD (≈ $463M). 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 Namchow Chemical Industrial Co Ltd (1702)?
The price-to-sales ratio of Namchow Chemical Industrial Co Ltd is 0.33 (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 Namchow Chemical Industrial Co Ltd (1702)?
Earnings per share at Namchow Chemical Industrial Co Ltd are 0.6600 TWD (price ÷ EPS = P/E 47.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Namchow Chemical Industrial Co Ltd (1702)?
The dividend yield of Namchow Chemical Industrial Co Ltd is 5.2%. 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 Namchow Chemical Industrial Co Ltd (1702)?
The net margin of Namchow Chemical Industrial Co Ltd is 0.7% (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 Namchow Chemical Industrial Co Ltd (1702)?
The return on equity (ROE) of Namchow Chemical Industrial Co Ltd 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 Namchow Chemical Industrial Co Ltd (1702)?
On an EBIT basis the return on assets of Namchow Chemical Industrial Co Ltd is 4.7% (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 Namchow Chemical Industrial Co Ltd (1702)?
The operating margin of Namchow Chemical Industrial Co Ltd is 1.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Namchow Chemical Industrial Co Ltd (1702)?
Revenue at Namchow Chemical Industrial Co Ltd is growing −0.9% versus a year earlier (3y avg +4.2%). 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 Namchow Chemical Industrial Co Ltd (1702)?
Earnings per share at Namchow Chemical Industrial Co Ltd are growing −29.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Namchow Chemical Industrial Co Ltd (1702) generate?
The free cash flow of Namchow Chemical Industrial Co Ltd is −1.7B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Namchow Chemical Industrial Co Ltd (1702) carry?
The net debt of Namchow Chemical Industrial Co Ltd is 6.8B TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 5, 2026