Est Global Apparel Co.Ltd (4413) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Est Global Apparel Co.Ltd stock TWD 13.12, price TWD 18.60, that is 29.5% below the price, quality 74 out of 100. Rating: overvalued. Calculated from audited financials with 23 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 10.06 TWD – 28.49 TWD · fair‑value band 9.19 TWD – 17.06 TWD · the 18.60 TWD price screens above the 13.12 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 5, 2026.
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Est Global Apparel Co.,Ltd engages in the clothing business in Europe, the United State, South Africa, and Eswatini. The company offers fashion, functional, seamless, and loungewear products.
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It also engages in the textiles business including cotton, fleece, satin, stretch fabric, chemical fiber fabric, blended fabric, and polyester-cotton fabric, as well as manufacturing, processing, and trading of textiles; and garment manufacturing and import/export trade.
The company was formerly known as Free Power Energy Co.,Ltd and changed its name to Est Global Apparel Co.,Ltd in August 2016. Est Global Apparel Co.,Ltd was founded in 1987 and is based in New Taipei City, Taiwan.
Stock analysis
Est Global Apparel Co.Ltd (4413) currently trades at 18.60 TWD, while our model-based Fair Value estimate is 13.12 TWD, 29% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 43.29 TWD per share, and 11 of the 23 models we run sit above the 18.60 TWD price.
Bear case: the Dividend Discount group reads lowest at 2.91 TWD, and 12 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: 9.19 TWD (bear) to 17.06 TWD (bull), the price of 18.60 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 74/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Est Global Apparel Co.Ltd reported revenue of 862M TWD in FY2025 versus 641M TWD in FY2021, a compound +7.7%/yr. Reported net income was 16.4M TWD in FY2025, compounding +27.6%/yr from FY2021.
Key figures
Market cap 582M TWD (≈ $17.7M) Micro · P/E ratio 15.0 · P/S ratio 0.74 · EPS (TTM) 1.24 TWD · Dividend yield 1.6% · Net margin 4.9% · Return on equity 11.8% · Return on assets (EBIT) 2.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 34% 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 −29%, 4413 screens richer than that median.
Fair Value models
Bear9.19 TWDFair Value 13.12 TWDBull17.06 TWD
Price 18.60 TWD · Downside -29.5%
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 (0.8061 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.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+114.8%
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.
+7.6%
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.
+13.9%
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.
+6.6%
’19
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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.
−6.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.2%
Dividend (yield on the price)1.6%
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.−5% → −1%
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).
−7.8%
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 −9.2% a year for the price.
Compare Est Global Apparel 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.Apparel Manufacturing · 213 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside−29.5% · Below median
Profitability
Return on equity (12 months)11.8% · Above median
Return on assets3.2% · Above median
Net margin (12 months)4.9% · Above median
Operating margin (12 months)−2.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−33.4% · Bottom 25%
Dividend yield (12 months)1.6% · Below median
Balance sheet
Debt / equity0.23× · Highest 25%
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
P/E (12 months)15.0× · Pricier than median
P/B1.67× · Pricier than median
P/S (12 months)0.74× · Cheaper than median
Price / free cash flow (fiscal year)9.6× · Cheaper than median
EV/EBITDA25.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 42
FUTURE (revenue growth)0· sector 14
PAST (return on equity)47· sector 22
HEALTH (low debt)88· sector 98
DIVIDEND (yield)32· sector 64
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). "Est Global Apparel Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4413
Frequently asked questions
Is Est Global Apparel Co.Ltd (4413) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 13.12 TWD versus a price of 18.60 TWD, about 29% lower (overvalued).
What is the fair value of 4413?
Our model-based fair value for Est Global Apparel Co.Ltd is 13.12 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 18.60 TWD.
What is the quality score of 4413?
Est Global Apparel Co.Ltd has a Quality Score of 74/100. 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 Est Global Apparel Co.Ltd (4413)?
Our model-based price target is the fair value of 13.12 TWD (as of Nov 5, 2026) from 23 valuation models. Cautious scenario 9.19 TWD, optimistic scenario 17.06 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Est Global Apparel Co.Ltd stock forecast for 2026?
Our models put fair value at 13.12 TWD, about 29% lower versus a price of 18.60 TWD (overvalued). Cautious scenario 9.19 TWD, optimistic scenario 17.06 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Est Global Apparel Co.Ltd (4413)?
Est Global Apparel Co.Ltd reported trailing-twelve-month revenue of about 790M TWD (latest available figure, as of Nov 5, 2026).
Does Est Global Apparel Co.Ltd pay a dividend?
Est Global Apparel Co.Ltd currently shows a dividend yield of 1.61% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Est Global Apparel Co.Ltd (4413) and when is the ex-dividend date?
Est Global Apparel Co.Ltd pays a dividend of 0.3 TWD per share a year, a dividend yield of 1.6%. The last ex-dividend date was Jul 16, 2026. The payout ratio is 24.2% of earnings. Free cash flow covers the dividend 6.43 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Est Global Apparel Co.Ltd (4413)?
For today's price to be fair in a discounted-cash-flow model, Est Global Apparel Co.Ltd would have to grow free cash flow by -7.8 % 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 +13.9 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 4413 use?
Our models discount Est Global Apparel Co.Ltd at 10.3 %: a base by market capitalisation (nano), damped by beta 1.02, 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 Est Global Apparel Co.Ltd that is -7.8 % 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 Est Global Apparel Co.Ltd (4413) delivered so far?
Over the past 5 years revenue at Est Global Apparel Co.Ltd grew +13.9 % a year. The price currently implies free-cash-flow growth of -7.8 % 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 Est Global Apparel Co.Ltd (4413) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Est Global Apparel Co.Ltd (-7.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Est Global Apparel Co.Ltd (4413)?
The free-cash-flow yield on the price is 10.38 %: that much free cash flow Est Global Apparel Co.Ltd 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 Est Global Apparel Co.Ltd (4413)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Est Global Apparel Co.Ltd it is 13.12 TWD per share (as of Nov 5, 2026), against a price of 18.60 TWD. It is the blended result of 23 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Est Global Apparel Co.Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 4413 trades above its calculated fair value: price 18.60 TWD, fair value 13.12 TWD, a gap of about −29% (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 4413?
No. The price is what the market pays today (18.60 TWD); the fair value is what the company's own numbers justify (13.12 TWD). For Est Global Apparel Co.Ltd the two are 5.48 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Est Global Apparel Co.Ltd worth?
The market values Est Global Apparel Co.Ltd at about 582M TWD (market capitalisation, as of Nov 5, 2026). Per share that is 18.60 TWD; our models calculate a fair value of 13.12 TWD per share.
What do the bullish and bearish scenarios say about 4413?
Our models span a range for Est Global Apparel Co.Ltd: cautious scenario 9.19 TWD, base 13.12 TWD, optimistic 17.06 TWD per share (as of Nov 5, 2026, price 18.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4413?
Est Global Apparel Co.Ltd trades at a price-to-earnings ratio of 15.0 (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 13.12 TWD is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2019 to 2025), reported earnings: 39.7. Other multiples: P/B 1.7, P/S 0.7, EV/EBITDA 25.4.
How solid is the balance sheet of Est Global Apparel Co.Ltd (4413)?
Balance-sheet figures for Est Global Apparel Co.Ltd (as of Nov 5, 2026): return on equity 11.8%, debt of 0.23 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is 4413 from its 52-week high?
Est Global Apparel Co.Ltd trades at 18.60 TWD, about 12% below its 52-week high of 21.15 TWD and 34% above the low of 13.90 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 13.12 TWD is for.
Which stocks are comparable to Est Global Apparel Co.Ltd?
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 Est Global Apparel Co.Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 18.60 TWD, calculated fair value 13.12 TWD (−29%), Quality Score 74/100, from 23 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 4413 calculated?
We run Est Global Apparel Co.Ltd through 23 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 13.12 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. Est Global Apparel 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 Est Global Apparel Co.Ltd (4413)?
The closing price on Nov 6, 2026 was 18.60 TWD. Our model-based fair value is 13.12 TWD, about 29% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Est Global Apparel Co.Ltd right now?
The price sits above even our optimistic bull case (17.06 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (74/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (9.19 TWD to 17.06 TWD) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Est Global Apparel Co.Ltd
How large is the market capitalisation of Est Global Apparel Co.Ltd (4413)?
The market capitalisation of Est Global Apparel Co.Ltd is 582M TWD (≈ $17.7M). 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 Est Global Apparel Co.Ltd (4413)?
The price-to-sales ratio of Est Global Apparel Co.Ltd is 0.74 (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 Est Global Apparel Co.Ltd (4413)?
Earnings per share at Est Global Apparel Co.Ltd are 1.24 TWD (price ÷ EPS = P/E 15.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Est Global Apparel Co.Ltd (4413)?
The dividend yield of Est Global Apparel Co.Ltd is 1.6% (payout 24.2%). 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 Est Global Apparel Co.Ltd (4413)?
The net margin of Est Global Apparel Co.Ltd is 4.9% (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 Est Global Apparel Co.Ltd (4413)?
The return on equity (ROE) of Est Global Apparel Co.Ltd is 11.8% (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 Est Global Apparel Co.Ltd (4413)?
On an EBIT basis the return on assets of Est Global Apparel Co.Ltd is 2.6% (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 Est Global Apparel Co.Ltd (4413)?
The operating margin of Est Global Apparel Co.Ltd is −2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Est Global Apparel Co.Ltd (4413)?
Revenue at Est Global Apparel Co.Ltd is growing −33.4% versus a year earlier (3y avg +7.6%). 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 Est Global Apparel Co.Ltd (4413)?
Earnings per share at Est Global Apparel Co.Ltd are growing +31.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Est Global Apparel Co.Ltd (4413) hold?
Est Global Apparel Co.Ltd holds more cash than debt, 123M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 5, 2026