Bon Fame Co Ltd (8433) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bon Fame Co Ltd stock TWD 56.27, price TWD 48.85, upside +15.2%, quality 47 out of 100. Rating: undervalued. Calculated from audited financials with 15 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 33.96 TWD – 108.00 TWD · fair‑value band 39.39 TWD – 73.15 TWD · the 48.85 TWD price screens below the 56.27 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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Bon Fame Co., Ltd. operates in fashionable hair accessories, combs, jewelry and packaging in Taiwan. It offers hairstyling, beauty tools, bags and purses, fashion accessories, events, novelty, sporting goods, health care and beauty, personal care, and adapter products.
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The company was founded in 1974 and is based in Taipei City, Taiwan.
Stock analysis
Bon Fame Co Ltd (8433) currently trades at 48.85 TWD, while our model-based Fair Value estimate is 56.27 TWD, implying the stock looks roughly 13% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 77.38 TWD per share, and 12 of the 15 models we run sit above the 48.85 TWD price.
Bear case: the Economic Profit group reads lowest at 46.21 TWD, and 3 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 39.39 TWD (bear) to 73.15 TWD (bull), the price of 48.85 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 47/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Bon Fame Co Ltd reported revenue of 3.5B TWD in FY2025 versus 2.8B TWD in FY2021, a compound +5.4%/yr. Reported net income was 173M TWD in FY2025, compounding −4.6%/yr from FY2021.
Key figures
Market cap 2.7B TWD (≈ $81.1M) Micro · P/E ratio 7.3 · P/S ratio 0.72 · EPS (TTM) 6.66 TWD · Dividend yield 8.6% · Net margin 10.7% · Return on equity 18.0% · Return on assets (EBIT) 10.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −5% fair-value upside, at 15%, 8433 screens cheaper than that median.
Fair Value models
Bear39.39 TWDFair Value 56.27 TWDBull73.15 TWD
Price 48.85 TWD · Upside +15.2%
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 (2.11 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.50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−3.5%
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.
+3.5%
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.
+9.0%
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.
+2.5%
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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.
+4.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.5%
Dividend (yield on the price)8.6%
Profit margin 2019 to 2024 ⓘ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.9% → 14%
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 Retail · 203 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Bottom 25%
Fair Value upside+15.2% · Above median
Profitability
Return on equity (12 months)18.0% · Top 25%
Return on assets3.6% · Above median
Net margin (12 months)10.7% · Top 25%
Operating margin (12 months)8.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)18.2% · Top 25%
Dividend yield (12 months)8.6% · Top 25%
Balance sheet
Debt / equity0.13× · Below median
Valuation Multiplesvs Specialty Retail median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Bon Fame Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8433
Frequently asked questions
Is Bon Fame Co Ltd (8433) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 56.27 TWD versus a price of 48.85 TWD, about +15% upside (undervalued).
What is the fair value of 8433?
Our model-based fair value for Bon Fame Co Ltd is 56.27 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 48.85 TWD.
What is the quality score of 8433?
Bon Fame Co Ltd has a Quality Score of 47/100. 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 Bon Fame Co Ltd (8433)?
Our model-based price target is the fair value of 56.27 TWD (as of Nov 9, 2026) from 15 valuation models. Cautious scenario 39.39 TWD, optimistic scenario 73.15 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Bon Fame Co Ltd stock forecast for 2026?
Our models put fair value at 56.27 TWD, about +15% upside versus a price of 48.85 TWD (undervalued). Cautious scenario 39.39 TWD, optimistic scenario 73.15 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Bon Fame Co Ltd (8433)?
Bon Fame Co Ltd reported trailing-twelve-month revenue of about 3.7B TWD (latest available figure, as of Nov 9, 2026).
Does Bon Fame Co Ltd pay a dividend?
Bon Fame Co Ltd currently shows a dividend yield of 8.60% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Bon Fame Co Ltd (8433) and when is the ex-dividend date?
Bon Fame Co Ltd pays a dividend of 4.20 TWD per share a year, a dividend yield of 8.6%. The last ex-dividend date was Apr 16, 2026. A dividend has been paid every year since at least 2012. The payout ratio is 63.1% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Bon Fame Co Ltd (8433)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bon Fame Co Ltd it is 56.27 TWD per share (as of Nov 9, 2026), against a price of 48.85 TWD. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Bon Fame Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 8433 trades below its calculated fair value: price 48.85 TWD, fair value 56.27 TWD, a gap of about +15% (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 8433?
No. The price is what the market pays today (48.85 TWD); the fair value is what the company's own numbers justify (56.27 TWD). For Bon Fame Co Ltd the two are 7.42 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Bon Fame Co Ltd worth?
The market values Bon Fame Co Ltd at about 2.7B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 48.85 TWD; our models calculate a fair value of 56.27 TWD per share.
What do the bullish and bearish scenarios say about 8433?
Our models span a range for Bon Fame Co Ltd: cautious scenario 39.39 TWD, base 56.27 TWD, optimistic 73.15 TWD per share (as of Nov 9, 2026, price 48.85 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8433?
Bon Fame Co Ltd trades at a price-to-earnings ratio of 7.3 (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 56.27 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 11.0. Other multiples: P/B 1.1, P/S 0.7, EV/EBITDA 4.0.
How solid is the balance sheet of Bon Fame Co Ltd (8433)?
Balance-sheet figures for Bon Fame Co Ltd (as of Nov 9, 2026): return on equity 18.0%, debt of 0.13 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 8433 from its 52-week high?
Bon Fame Co Ltd trades at 48.85 TWD, about 23% below its 52-week high of 63.50 TWD and at the low of 48.85 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 56.27 TWD is for.
Which stocks are comparable to Bon Fame Co Ltd?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, Casey's General Stores, Inc, 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 Bon Fame Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 48.85 TWD, calculated fair value 56.27 TWD (+15%), Quality Score 47/100, from 15 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 8433 calculated?
We run Bon Fame Co Ltd through 15 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 56.27 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. Bon Fame Co Ltd currently trades 13% 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 Bon Fame Co Ltd (8433)?
The closing price on Nov 6, 2026 was 48.85 TWD. Our model-based fair value is 56.27 TWD, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bon Fame Co Ltd right now?
A fairly wide model range (39.39 TWD to 73.15 TWD) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Bon Fame Co Ltd
How large is the market capitalisation of Bon Fame Co Ltd (8433)?
The market capitalisation of Bon Fame Co Ltd is 2.7B TWD (≈ $81.1M). 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 Bon Fame Co Ltd (8433)?
The price-to-sales ratio of Bon Fame Co Ltd is 0.72 (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 Bon Fame Co Ltd (8433)?
Earnings per share at Bon Fame Co Ltd are 6.66 TWD (price ÷ EPS = P/E 7.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bon Fame Co Ltd (8433)?
The dividend yield of Bon Fame Co Ltd is 8.6% (payout 63.1%). 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 Bon Fame Co Ltd (8433)?
The net margin of Bon Fame Co Ltd is 10.7% (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 Bon Fame Co Ltd (8433)?
The return on equity (ROE) of Bon Fame Co Ltd is 18.0% (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 Bon Fame Co Ltd (8433)?
On an EBIT basis the return on assets of Bon Fame Co Ltd is 10.8% (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 Bon Fame Co Ltd (8433)?
The operating margin of Bon Fame Co Ltd is 8.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bon Fame Co Ltd (8433)?
Revenue at Bon Fame Co Ltd is growing +18.2% versus a year earlier (3y avg +3.5%). 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 Bon Fame Co Ltd (8433)?
Earnings per share at Bon Fame Co Ltd are growing −22.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bon Fame Co Ltd (8433) generate?
The free cash flow of Bon Fame Co Ltd is −52.2M 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 Bon Fame Co Ltd (8433) carry?
The net debt of Bon Fame Co Ltd is 25.7M 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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Nov 9, 2026