Bausen Inc. (2948) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bausen Inc. stock TWD 45.67, price TWD 35.40, upside +29.0%, quality 44 out of 100. Rating: 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 4, 2026.
How to read this chart
60‑month range 31.64 TWD – 88.02 TWD · fair‑value band 34.25 TWD – 57.09 TWD · the 35.40 TWD price screens below the 45.67 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Bausen Inc. engages in the wholesale and retail of wood furniture, flooring, and interior decoration building materials in Taiwan and internationally.
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The company offers engineered, laminate, and composite flooring products under the Artisan Hardwood brand; and hardwood flooring products under the Villa Blanca brand name.
It also operates wholesale and retail stores, which offer flooring, floor covering, molding, cabinet systems, marble and stone countertops, and home enhancement materials and accessories under the Modern Home Concepts name. The company was founded in 2015 and is headquartered in Taipei, Taiwan.
Stock analysis
Bausen Inc. (2948) currently trades at 35.40 TWD, while our model-based Fair Value estimate is 45.67 TWD, implying the stock looks roughly 22% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 75.76 TWD per share, and 16 of the 25 models we run sit above the 35.40 TWD price.
Bear case: the Asset-Based group reads lowest at 16.44 TWD, and 9 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 34.25 TWD (bear) to 57.09 TWD (bull), the price of 35.40 TWD sits inside 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 44/100 (below-average 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.
Bausen Inc. reported revenue of 2.1B TWD in FY2025 versus 2.0B TWD in FY2021, a compound +1.7%/yr. Reported net income was 66.4M TWD in FY2025, compounding −19.0%/yr from FY2021.
Key figures
Market cap 1.1B TWD (≈ $33.4M) Micro · P/E ratio 16.9 · P/S ratio 0.51 · EPS (TTM) 2.09 TWD · Dividend yield 5.3% · Net margin 3.1% · Return on equity 6.9% · Return on assets (EBIT) 10.0% (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 9% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −16% fair-value upside, at 29%, 2948 screens cheaper than that median.
Fair Value models
Bear34.25 TWDFair Value 45.67 TWDBull57.09 TWD
Price 35.40 TWD · Upside +29.0%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.1904 TWD per share) are deliberately not added.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
+1.8%
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.
−2.0%
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.
+8.9%
Start year 2020 (pandemic)
Revenue growth 6 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.
+13.1%
’19
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’25
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.
−7.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.8%
Dividend (yield on the price)5.3%
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.10% → 6%
Growth Forecast
Little optimism in the price
The price assumes less 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).
−5.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −6.5% a year for the price.
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.Home Improvement Retail · 31 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Bottom 25%
Fair Value upside+29.0% · Top 25%
Profitability
Return on equity (12 months)6.9% · Below median
Return on assets2.8% · Below median
Net margin (12 months)3.1% · Above median
Operating margin (12 months)5.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)1.5% · Below median
Dividend yield (12 months)5.3% · Top 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Home Improvement Retail median · lower = cheaper
P/E (12 months)16.9× · Pricier than median
P/B1.06× · Cheaper than median
P/S (12 months)0.51× · Cheaper than median
Price / free cash flow (fiscal year)6.3× · Cheaper than median
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). "Bausen Inc. Fair Value". https://www.fairvalue-calculator.com/stock/2948
Frequently asked questions
Is Bausen Inc. (2948) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 45.67 TWD versus a price of 35.40 TWD, about +29% upside (undervalued).
What is the fair value of 2948?
Our model-based fair value for Bausen Inc. is 45.67 TWD (as of Nov 4, 2026), built from audited fundamentals. The current price: 35.40 TWD.
What is the quality score of 2948?
Bausen Inc. has a Quality Score of 44/100. 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 Bausen Inc. (2948)?
Our model-based price target is the fair value of 45.67 TWD (as of Nov 4, 2026) from 25 valuation models. Cautious scenario 34.25 TWD, optimistic scenario 57.09 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Bausen Inc. stock forecast for 2026?
Our models put fair value at 45.67 TWD, about +29% upside versus a price of 35.40 TWD (undervalued). Cautious scenario 34.25 TWD, optimistic scenario 57.09 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Bausen Inc. (2948)?
Bausen Inc. reported trailing-twelve-month revenue of about 2.2B TWD (latest available figure, as of Nov 4, 2026).
Does Bausen Inc. pay a dividend?
Bausen Inc. currently shows a dividend yield of 5.28% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Bausen Inc. (2948) and when is the ex-dividend date?
Bausen Inc. pays a dividend of 1.87 TWD per share a year, a dividend yield of 5.3%. The last ex-dividend date was Aug 10, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 89.4% of earnings. Free cash flow covers the dividend 2.90 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Bausen Inc. (2948)?
For today's price to be fair in a discounted-cash-flow model, Bausen Inc. would have to grow free cash flow by -5.1 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.9 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of 2948 use?
Our models discount Bausen Inc. at 10.3 %: a base by market capitalisation (nano), 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 Bausen Inc. that is -5.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Bausen Inc. (2948) delivered so far?
Over the past 5 years revenue at Bausen Inc. grew +8.9 % a year. The price currently implies free-cash-flow growth of -5.1 % 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 Bausen Inc. (2948) growing?
The median revenue growth in the sector is +8.6 % a year. That is the yardstick for the growth priced into Bausen Inc. (-5.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bausen Inc. (2948)?
The free-cash-flow yield on the price is 15.79 %: that much free cash flow Bausen Inc. produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bausen Inc. (2948)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bausen Inc. it is 45.67 TWD per share (as of Nov 4, 2026), against a price of 35.40 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 Bausen Inc. stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 2948 trades below its calculated fair value: price 35.40 TWD, fair value 45.67 TWD, a gap of about +29% (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 2948?
No. The price is what the market pays today (35.40 TWD); the fair value is what the company's own numbers justify (45.67 TWD). For Bausen Inc. the two are 10.27 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Bausen Inc. worth?
The market values Bausen Inc. at about 1.1B TWD (market capitalisation, as of Nov 4, 2026). Per share that is 35.40 TWD; our models calculate a fair value of 45.67 TWD per share.
What do the bullish and bearish scenarios say about 2948?
Our models span a range for Bausen Inc.: cautious scenario 34.25 TWD, base 45.67 TWD, optimistic 57.09 TWD per share (as of Nov 4, 2026, price 35.40 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2948?
Bausen Inc. trades at a price-to-earnings ratio of 16.9 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 45.67 TWD is built from several models across several years. Other multiples: P/B 1.1, P/S 0.5, EV/EBITDA 7.7.
How solid is the balance sheet of Bausen Inc. (2948)?
Balance-sheet figures for Bausen Inc. (as of Nov 4, 2026): return on equity 6.9%, debt of 0.02 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 2948 from its 52-week high?
Bausen Inc. trades at 35.40 TWD, about 9% below its 52-week high of 38.80 TWD and 9% above the low of 32.44 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 45.67 TWD is for.
Which stocks are comparable to Bausen Inc.?
From the same area (Consumer Cyclical) we also value The Home Depot, Inc, Lowe's Companies, Inc, Floor & Decor Holdings, Mr D.I.Y. Group, 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 Bausen Inc. stock attractive at the current price?
The data as of Nov 4, 2026: price 35.40 TWD, calculated fair value 45.67 TWD (+29%), Quality Score 44/100, 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 2948 calculated?
We run Bausen Inc. 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 45.67 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. Bausen Inc. currently trades 22% 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 Bausen Inc. (2948)?
The closing price on Nov 6, 2026 was 35.40 TWD. Our model-based fair value is 45.67 TWD, about +29% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bausen Inc. right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Bausen Inc.
How large is the market capitalisation of Bausen Inc. (2948)?
The market capitalisation of Bausen Inc. is 1.1B TWD (≈ $33.4M). 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 Bausen Inc. (2948)?
The price-to-sales ratio of Bausen Inc. is 0.51 (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 Bausen Inc. (2948)?
Earnings per share at Bausen Inc. are 2.09 TWD (price ÷ EPS = P/E 16.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bausen Inc. (2948)?
The dividend yield of Bausen Inc. is 5.3% (payout 89.4%). 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 Bausen Inc. (2948)?
The net margin of Bausen Inc. is 3.1% (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 Bausen Inc. (2948)?
The return on equity (ROE) of Bausen Inc. is 6.9% (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 Bausen Inc. (2948)?
On an EBIT basis the return on assets of Bausen Inc. is 10.0% (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 Bausen Inc. (2948)?
The operating margin of Bausen Inc. is 5.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bausen Inc. (2948)?
Revenue at Bausen Inc. is growing +1.5% versus a year earlier (3y avg −2.0%). 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 Bausen Inc. (2948)?
Earnings per share at Bausen Inc. are growing −0.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bausen Inc. (2948) carry?
The net debt of Bausen Inc. is 492M TWD (fiscal year 2025, ≈ 2.8 yrs of FCF). 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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Broad data
Nov 4, 2026