Grand Hall Enterprise Co Ltd (8941) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Grand Hall Enterprise Co Ltd stock TWD 24.35, price TWD 43.75, that is 44.3% below the price, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 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 29.88 TWD – 81.00 TWD · fair‑value band 18.26 TWD – 30.43 TWD · the 43.75 TWD price screens above the 24.35 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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Grand Hall Enterprise Co., Ltd. designs, produces, and sells outdoor gas supplies in Taiwan, North America, Europe, and Australia. The company offers barbecue grills and outdoor living products.
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It also provides grills and cooking technology; switch and high-pressure valve manufacturing; gas stoves and heating technology; and decorative flame and combustion patent products. The company was founded in 1965 and is based in Taipei, Taiwan.
Stock analysis
Grand Hall Enterprise Co Ltd (8941) currently trades at 43.75 TWD, while our model-based Fair Value estimate is 24.35 TWD, 44% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 35.28 TWD per share, and 5 of the 24 models we run sit above the 43.75 TWD price.
Bear case: the Asset-Based group reads lowest at 3.55 TWD, and 19 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 18.26 TWD (bear) to 30.43 TWD (bull), the price of 43.75 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 56/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Grand Hall Enterprise Co Ltd reported revenue of 3.0B TWD in FY2025 versus 3.2B TWD in FY2021, a compound −1.8%/yr. Reported net income was 40.5M TWD in FY2025, compounding −22.0%/yr from FY2021.
Key figures
Market cap 1.5B TWD (≈ $46.6M) Micro · P/E ratio 14.2 · P/S ratio 0.50 · EPS (TTM) 3.08 TWD · Dividend yield 5.7% · Net margin 3.6% · Return on equity 9.8% · Return on assets (EBIT) 6.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −26% fair-value upside, at −44%, 8941 screens richer than that median.
Fair Value models
Bear18.26 TWDFair Value 24.35 TWDBull30.43 TWD
Price 43.75 TWD · Downside -44.3%
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 (0.4974 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 weak: less than 2 % a year.
Revenue growth 1 year
−5.4%
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.
−3.4%
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.
+1.3%
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.
+2.3%
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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.
−10.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.4%
Dividend (yield on the price)5.7%
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.4% → 1%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+3.0%
Yearly growth needed for the next five years to justify today's price.
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 +1.4% a year for the price.
Compare Grand Hall Enterprise 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.Household & Personal Products · 229 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Below median
Fair Value upside−44.3% · Bottom 25%
Profitability
Return on equity (12 months)9.8% · Above median
Return on assets2.2% · Below median
Net margin (12 months)3.6% · Below median
Operating margin (12 months)−1.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)1.7% · Below median
Dividend yield (12 months)5.7% · Top 25%
Valuation Multiplesvs Household & Personal Products median · lower = cheaper
P/E (12 months)14.2× · Cheaper than median
P/B1.87× · Pricier than median
P/S (12 months)0.50× · Cheapest 25%
Price / free cash flow (fiscal year)25.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 38
FUTURE (revenue growth)9· sector 20
PAST (return on equity)39· sector 32
HEALTH (low debt)0· sector 98
DIVIDEND (yield)100· sector 54
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). "Grand Hall Enterprise Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8941
Frequently asked questions
Is Grand Hall Enterprise Co Ltd (8941) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 24.35 TWD versus a price of 43.75 TWD, about 44% lower (overvalued).
What is the fair value of 8941?
Our model-based fair value for Grand Hall Enterprise Co Ltd is 24.35 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 43.75 TWD.
What is the quality score of 8941?
Grand Hall Enterprise Co Ltd has a Quality Score of 56/100. 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 Grand Hall Enterprise Co Ltd (8941)?
Our model-based price target is the fair value of 24.35 TWD (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 18.26 TWD, optimistic scenario 30.43 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Grand Hall Enterprise Co Ltd stock forecast for 2026?
Our models put fair value at 24.35 TWD, about 44% lower versus a price of 43.75 TWD (overvalued). Cautious scenario 18.26 TWD, optimistic scenario 30.43 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Grand Hall Enterprise Co Ltd (8941)?
Grand Hall Enterprise Co Ltd reported trailing-twelve-month revenue of about 3.0B TWD (latest available figure, as of Nov 9, 2026).
Does Grand Hall Enterprise Co Ltd pay a dividend?
Grand Hall Enterprise Co Ltd currently shows a dividend yield of 5.71% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Grand Hall Enterprise Co Ltd (8941) and when is the ex-dividend date?
Grand Hall Enterprise Co Ltd pays a dividend of 2.50 TWD per share a year, a dividend yield of 5.7%. The last ex-dividend date was Aug 27, 2026. A dividend has been paid every year since 2015. The payout ratio is 81.2% of earnings. Free cash flow covers the dividend 0.70 times. 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 growth is priced into Grand Hall Enterprise Co Ltd (8941)?
For today's price to be fair in a discounted-cash-flow model, Grand Hall Enterprise Co Ltd would have to grow free cash flow by +3.0 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.3 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 8941 use?
Our models discount Grand Hall Enterprise Co Ltd at 9.0 %: a base by market capitalisation (nano), damped by beta 0.18, 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 Grand Hall Enterprise Co Ltd that is +3.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Grand Hall Enterprise Co Ltd (8941) delivered so far?
Over the past 5 years revenue at Grand Hall Enterprise Co Ltd grew +1.3 % a year. The price currently implies free-cash-flow growth of +3.0 % 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 Grand Hall Enterprise Co Ltd (8941) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Grand Hall Enterprise Co Ltd (+3.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Grand Hall Enterprise Co Ltd (8941)?
The free-cash-flow yield on the price is 3.98 %: that much free cash flow Grand Hall Enterprise Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Grand Hall Enterprise Co Ltd (8941)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Grand Hall Enterprise Co Ltd it is 24.35 TWD per share (as of Nov 9, 2026), against a price of 43.75 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Grand Hall Enterprise Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 8941 trades above its calculated fair value: price 43.75 TWD, fair value 24.35 TWD, a gap of about −44% (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 8941?
No. The price is what the market pays today (43.75 TWD); the fair value is what the company's own numbers justify (24.35 TWD). For Grand Hall Enterprise Co Ltd the two are 19.40 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Grand Hall Enterprise Co Ltd worth?
The market values Grand Hall Enterprise Co Ltd at about 1.5B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 43.75 TWD; our models calculate a fair value of 24.35 TWD per share.
What do the bullish and bearish scenarios say about 8941?
Our models span a range for Grand Hall Enterprise Co Ltd: cautious scenario 18.26 TWD, base 24.35 TWD, optimistic 30.43 TWD per share (as of Nov 9, 2026, price 43.75 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8941?
Grand Hall Enterprise Co Ltd trades at a price-to-earnings ratio of 14.2 (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 24.35 TWD is built from several models across several years. Other multiples: P/B 1.9, P/S 0.5.
How solid is the balance sheet of Grand Hall Enterprise Co Ltd (8941)?
Balance-sheet figures for Grand Hall Enterprise Co Ltd (as of Nov 9, 2026): return on equity 9.8%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 8941 from its 52-week high?
Grand Hall Enterprise Co Ltd trades at 43.75 TWD, about 7% below its 52-week high of 46.85 TWD and 4% above the low of 42.03 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 24.35 TWD is for.
Which stocks are comparable to Grand Hall Enterprise Co Ltd?
From the same area (Consumer Defensive) we also value Colgate-Palmolive Company, Hindustan Unilever Limited, The Estée Lauder Companies Inc, Henkel AG, 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 Grand Hall Enterprise Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 43.75 TWD, calculated fair value 24.35 TWD (−44%), Quality Score 56/100, from 24 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 8941 calculated?
We run Grand Hall Enterprise Co Ltd through 24 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 24.35 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. Grand Hall Enterprise 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 Grand Hall Enterprise Co Ltd (8941)?
The closing price on Nov 9, 2026 was 43.75 TWD. Our model-based fair value is 24.35 TWD, about 44% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Grand Hall Enterprise Co Ltd right now?
The price sits above even our optimistic bull case (30.43 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Grand Hall Enterprise Co Ltd
How large is the market capitalisation of Grand Hall Enterprise Co Ltd (8941)?
The market capitalisation of Grand Hall Enterprise Co Ltd is 1.5B TWD (≈ $46.6M). 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 Grand Hall Enterprise Co Ltd (8941)?
The price-to-sales ratio of Grand Hall Enterprise Co Ltd is 0.50 (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 Grand Hall Enterprise Co Ltd (8941)?
Earnings per share at Grand Hall Enterprise Co Ltd are 3.08 TWD (price ÷ EPS = P/E 14.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Grand Hall Enterprise Co Ltd (8941)?
The dividend yield of Grand Hall Enterprise Co Ltd is 5.7% (payout 81.2%). 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 Grand Hall Enterprise Co Ltd (8941)?
The net margin of Grand Hall Enterprise Co Ltd is 3.6% (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 Grand Hall Enterprise Co Ltd (8941)?
The return on equity (ROE) of Grand Hall Enterprise Co Ltd is 9.8% (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 Grand Hall Enterprise Co Ltd (8941)?
On an EBIT basis the return on assets of Grand Hall Enterprise Co Ltd is 6.5% (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 Grand Hall Enterprise Co Ltd (8941)?
The operating margin of Grand Hall Enterprise Co Ltd is −1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Grand Hall Enterprise Co Ltd (8941)?
Revenue at Grand Hall Enterprise Co Ltd is growing +1.7% versus a year earlier (3y avg −3.4%). 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 Grand Hall Enterprise Co Ltd (8941)?
Earnings per share at Grand Hall Enterprise Co Ltd are growing −14.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Grand Hall Enterprise Co Ltd (8941) carry?
The net debt of Grand Hall Enterprise Co Ltd is 21.7M TWD (fiscal year 2023, ≈ 0.4 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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Some data
Nov 9, 2026