Redwood Group Ltd (8426) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Redwood Group Ltd stock TWD 40.72, price TWD 19.90, upside +104.6%, quality 51 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 13.20 TWD – 91.50 TWD · fair‑value band 30.54 TWD – 50.90 TWD · the 19.90 TWD price screens below the 40.72 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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Redwood Group Ltd, together with its subsidiaries, engages in the decoration of boutique brand stores in Malaysia, Thailand, India, Vietnam, Japan, the United States, China, the Philippines, Australia, and France.
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The company also operates as a contract manufacturer of interior fittings for luxury brands. In addition, it provides carpentry, glass, metal and PVD, LED and electrical, paints and coatings, sofas and interior decoration, tree bark, acrylic, solid surface and stone processing, and packing services.
The company was founded in 2000 and is based in Grand Cayman, Cayman Islands.
Stock analysis
Redwood Group Ltd (8426) currently trades at 19.90 TWD, while our model-based Fair Value estimate is 40.72 TWD, implying the stock looks roughly 51% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 57.65 TWD per share, and 23 of the 26 models we run sit above the 19.90 TWD price.
Bear case: the Asset-Based group reads lowest at 4.79 TWD, and 3 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 30.54 TWD (bear) to 50.90 TWD (bull), the price of 19.90 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 51/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Redwood Group Ltd reported revenue of 2.7B TWD in FY2025 versus 1.4B TWD in FY2021, a compound +17.5%/yr. Reported net income was 93.0M TWD in FY2025, compounding +99.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 1,000M TWD (≈ $30.5M) Micro · P/E ratio 9.3 · P/S ratio 0.37 · EPS (TTM) 2.13 TWD · Dividend yield 4.0% · Net margin 4.0% · Return on equity 9.9% · Return on assets (EBIT) 9.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 31% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 105%, 8426 screens cheaper than that median.
Fair Value models
Bear30.54 TWDFair Value 40.72 TWDBull50.90 TWD
Price 19.90 TWD · Upside +104.6%
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 (1.14 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.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.6%
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.
+16.8%
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.
+28.3%
Start year 2020 (pandemic)
Revenue growth 8 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.
+5.4%
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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.
≈ +43.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +39.2%
Dividend (yield on the price)4.0%
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.−21% → 7%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.35 per share, median 1.45 in 2017 to 2018). It measures the recovery from the trough, not lasting growth.
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.
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.Furnishings, Fixtures & Appliances · 296 stocks
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Cite: Fair Value Calculator (2026). "Redwood Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8426
Frequently asked questions
Is Redwood Group Ltd (8426) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 40.72 TWD versus a price of 19.90 TWD, about +105% upside (undervalued).
What is the fair value of 8426?
Our model-based fair value for Redwood Group Ltd is 40.72 TWD (as of Nov 4, 2026), built from audited fundamentals. The current price: 19.90 TWD.
What is the quality score of 8426?
Redwood Group Ltd has a Quality Score of 51/100. 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 Redwood Group Ltd (8426)?
Our model-based price target is the fair value of 40.72 TWD (as of Nov 4, 2026) from 26 valuation models. Cautious scenario 30.54 TWD, optimistic scenario 50.90 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Redwood Group Ltd stock forecast for 2026?
Our models put fair value at 40.72 TWD, about +105% upside versus a price of 19.90 TWD (undervalued). Cautious scenario 30.54 TWD, optimistic scenario 50.90 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Redwood Group Ltd (8426)?
Redwood Group Ltd reported trailing-twelve-month revenue of about 2.7B TWD (latest available figure, as of Nov 4, 2026).
Does Redwood Group Ltd pay a dividend?
Redwood Group Ltd currently shows a dividend yield of 4.02% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Redwood Group Ltd (8426) and when is the ex-dividend date?
Redwood Group Ltd pays a dividend of 0.8 TWD per share a year, a dividend yield of 4.0%. The last ex-dividend date was Jul 8, 2026. The payout ratio is 37.6% of earnings. Free cash flow covers the dividend 4.04 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 Redwood Group Ltd (8426)?
For today's price to be fair in a discounted-cash-flow model, Redwood Group 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 +28.3 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of 8426 use?
Our models discount Redwood Group Ltd 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 Redwood Group 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 Redwood Group Ltd (8426) delivered so far?
Over the past 5 years revenue at Redwood Group Ltd grew +28.3 % 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 Redwood Group Ltd (8426) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Redwood Group 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 Redwood Group Ltd (8426)?
The free-cash-flow yield on the price is 16.24 %: that much free cash flow Redwood Group 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 Redwood Group Ltd (8426)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Redwood Group Ltd it is 40.72 TWD per share (as of Nov 4, 2026), against a price of 19.90 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Redwood Group Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 8426 trades below its calculated fair value: price 19.90 TWD, fair value 40.72 TWD, a gap of about +105% (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 8426?
No. The price is what the market pays today (19.90 TWD); the fair value is what the company's own numbers justify (40.72 TWD). For Redwood Group Ltd the two are 20.82 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Redwood Group Ltd worth?
The market values Redwood Group Ltd at about 1,000M TWD (market capitalisation, as of Nov 4, 2026). Per share that is 19.90 TWD; our models calculate a fair value of 40.72 TWD per share.
What do the bullish and bearish scenarios say about 8426?
Our models span a range for Redwood Group Ltd: cautious scenario 30.54 TWD, base 40.72 TWD, optimistic 50.90 TWD per share (as of Nov 4, 2026, price 19.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8426?
Redwood Group Ltd trades at a price-to-earnings ratio of 9.3 (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 40.72 TWD is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2017 to 2025), reported earnings: 14.9. Other multiples: P/B 0.8, P/S 0.4, EV/EBITDA 3.5.
How solid is the balance sheet of Redwood Group Ltd (8426)?
Balance-sheet figures for Redwood Group Ltd (as of Nov 4, 2026): return on equity 9.9%, debt of 0.32 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 8426 from its 52-week high?
Redwood Group Ltd trades at 19.90 TWD, about 31% below its 52-week high of 29.00 TWD and 3% above the low of 19.33 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 40.72 TWD is for.
Which stocks are comparable to Redwood Group Ltd?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, SharkNinja, Inc, Haier Smart Home 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 Redwood Group Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price 19.90 TWD, calculated fair value 40.72 TWD (+105%), Quality Score 51/100, from 26 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 8426 calculated?
We run Redwood Group Ltd through 26 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 40.72 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. Redwood Group Ltd currently trades 51% 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 Redwood Group Ltd (8426)?
The closing price on Nov 9, 2026 was 19.90 TWD. Our model-based fair value is 40.72 TWD, about +105% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Redwood Group Ltd right now?
The price is below even our cautious bear case (30.54 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 (51/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Redwood Group Ltd
How large is the market capitalisation of Redwood Group Ltd (8426)?
The market capitalisation of Redwood Group Ltd is 1,000M TWD (≈ $30.5M). 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 Redwood Group Ltd (8426)?
The price-to-sales ratio of Redwood Group Ltd is 0.37 (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 Redwood Group Ltd (8426)?
Earnings per share at Redwood Group Ltd are 2.13 TWD (price ÷ EPS = P/E 9.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Redwood Group Ltd (8426)?
The dividend yield of Redwood Group Ltd is 4.0% (payout 37.6%). 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 Redwood Group Ltd (8426)?
The net margin of Redwood Group Ltd is 4.0% (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 Redwood Group Ltd (8426)?
The return on equity (ROE) of Redwood Group Ltd is 9.9% (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 Redwood Group Ltd (8426)?
On an EBIT basis the return on assets of Redwood Group Ltd is 9.1% (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 Redwood Group Ltd (8426)?
The operating margin of Redwood Group Ltd is −6.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Redwood Group Ltd (8426)?
Revenue at Redwood Group Ltd is growing −9.5% versus a year earlier (3y avg +16.8%). 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 Redwood Group Ltd (8426)?
Earnings per share at Redwood Group Ltd are growing −44.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Redwood Group Ltd (8426) carry?
The net debt of Redwood Group Ltd is 5.1M TWD (fiscal year 2025, ≈ 0.0 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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Thin data
Nov 4, 2026