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An-Shin Food Services Co (1259) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 1.9B TWD

AS An-Shin Food Services Co 1259 · TWO
Price60.90 TWD
Fair Value53.92 TWD
Upside-11.5%
Quality48/100
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Healthy Growth
Thin margins · 1.2% net margin
Low debt · generates free cash flow
2.00% dividend yield
Trails peers (3/14)
Narrow moat 17/100
Evidence: High Range 40.44 TWD – 67.40 TWD Share as image

Fair value as of: Jul 21, 2026

From 21 valuation models · updated 20 days ago

Share price +3.4% over the past month.

Below-average quality, and screening another 11% overvalued on our models.

What matters now

  • Our model range runs from 40.44 TWD (bear) to 67.40 TWD (bull), base 53.92 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 48/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

73.35 TWD 52.88 TWD Fair Value 53.92 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 52.88 TWD – 73.35 TWD · fair‑value band 40.44 TWD – 67.40 TWD · the 60.90 TWD price screens above the 53.92 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

An-Shin Food Services Co (1259) currently trades at 60.90 TWD, while our model-based Fair Value estimate is 53.92 TWD, implying the stock looks roughly 11.5% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, An-Shin Food Services Co generated revenue of 6.1B TWD at a net margin of 1.2%. Revenue grew 3.6% year over year. It earns a return on equity of 3.0%. Net debt stands at 188M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 40.44 TWD (bear case) to 67.40 TWD (bull case); at 60.90 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 13% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -47% fair-value upside, at -11%, 1259 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF 121.13 TWD 154.43 TWD 203.29 TWD 80
Residual Income 62.90 TWD 59.68 TWD 45.67 TWD 76
Rev-Margin DCF 117.59 TWD 173.64 TWD 240.42 TWD 74
All 21 models by family
DCF Models
FCF DCF 118.11 TWD 153.36 TWD 208.84 TWD 38
Owner Earnings 124.02 TWD 160.95 TWD 219.08 TWD 31
5Y Revenue Exit 117.59 TWD 171.27 TWD 245.44 TWD 39
5Y EBITDA Exit 145.52 TWD 219.15 TWD 311.58 TWD 41
5Y P/E Exit 67.09 TWD 84.71 TWD 104.79 TWD 38
10Y Revenue Exit 113.72 TWD 157.91 TWD 208.69 TWD 36
10Y EBITDA Exit 132.53 TWD 186.92 TWD 249.39 TWD 37
10Y P/E Exit 88.33 TWD 105.47 TWD 122.15 TWD 35
Earnings-Based
Graham-Dodd 16.67 TWD 30.29 TWD 37.42 TWD 54
Dividend Discount
Gordon GGM 9.72 TWD 12.25 TWD 14.59 TWD 70
DDM Multi-Stage 9.72 TWD 12.60 TWD 15.65 TWD 61
Multiples
P/E Multiple 40.44 TWD 53.92 TWD 67.40 TWD 63
P/S Multiple 31.25 TWD 41.66 TWD 52.08 TWD 58
P/B Multiple 31.25 TWD 41.66 TWD 52.08 TWD 55
EV/EBITDA 192.74 TWD 258.92 TWD 325.10 TWD 54
EV/Revenue 126.94 TWD 183.83 TWD 240.73 TWD 43
Asset-Based
NCAV (Graham) 46.49 TWD 62.29 TWD 92.97 TWD 50
Growth DCF
Growth DCF 121.13 TWD 154.43 TWD 203.29 TWD 80
Rev-Margin DCF 117.59 TWD 173.64 TWD 240.42 TWD 74
Economic Profit
Residual Income 62.90 TWD 59.68 TWD 45.67 TWD 76
Growth Earnings
Growth-Adj P/E 28.58 TWD 40.83 TWD 53.08 TWD 68

Widest divergence: DCF Models (157.91 TWD) versus Dividend Discount (12.25 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 6.1B TWD
Revenue growth (YoY) +3.6%
Net margin 1.2%
Return on equity 3.0%
Free cash flow 472M TWD FY2025
P/E ratio 24.3
More key figures
Operating margin 0.6%
EPS (TTM) 2.45 TWD
Dividend yield 2.0%
EPS growth (YoY) -79.1%
Net debt 188M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 50 · Market factors (momentum, volatility) 61

Profitability 33
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

An-Shin Food Services Co.,Ltd., together with its subsidiaries, provides restaurant and information services in Taiwan and Mainland China. The company operates coffee shops and restaurants; and sells and markets hamburgers under the MOS BURGER brand. It also provides information and software integration services.

Full company description

An-Shin Food Services Co.,Ltd., together with its subsidiaries, provides restaurant and information services in Taiwan and Mainland China. The company operates coffee shops and restaurants; and sells and markets hamburgers under the MOS BURGER brand. It also provides information and software integration services. The company was founded in 1990 and is headquartered in Taipei, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

An-Shin Food Services Co reported revenue of 6.1B TWD in FY2025 versus 5.0B TWD in FY2021, a compound +4.8%/yr. Reported net income was 79.4M TWD in FY2025, compounding −5.5%/yr from FY2021.

Growth Quality 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
6.1B TWD
Latest YoY
+0.3%
Avg. growth/yr (3Y) 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.
+1.9%
Avg. growth/yr (5Y) 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.
+2.6%
Avg. growth/yr (10Y) 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.
+3.2%
Revenue +4.8%/yr
FY21 5.0B TWD
FY22 5.7B TWD
FY23 6.0B TWD
FY24 6.0B TWD
FY25 6.1B TWD
Net income −5.5%/yr
FY21 99.3M TWD
FY22 130M TWD
FY23 167M TWD
FY24 66.3M TWD
FY25 79.4M TWD

1259 screens 11% overvalued. Compare with McDonald's Corporation →

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Cite: Fair Value Calculator (2026). "An-Shin Food Services Co Fair Value". https://www.fairvalue-calculator.com/stock/1259

Peer Group

Restaurants · 227 stocks

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.

Quality Score 48 · Below median
Fair Value upside −12% · Below median
Return on equity (TTM) 3% · Below median
Return on assets -0% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 4% · Below median
Dividend yield (TTM) 2.0% · Below median
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Restaurants median · lower = cheaper

P/E (TTM) 24.3× · Pricier than median
P/B 0.64× · Cheaper than median
P/S (TTM) 0.32× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 10.2× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 18 · sector 28
FUTURE 18 · sector 20
PAST 12 · sector 16
HEALTH 91 · sector 97
DIVIDEND 40 · sector 58

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Restaurants stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCDS C$24.01 C$10.84 -55%
Starbucks Corporation SBUX $105.49 $35.83 -66%
Chipotle Mexican Grill, Inc CMG $34.63 $18.43 -47%
Yum! Brands, Inc YUM $163.54 $59.66 -64%
Restaurant Brands International Inc QSR C$104.19 C$36.37 -65%
Darden Restaurants, Inc DRI $195.74 $173.68 -11%
Yum China Holdings YUMC $43.90 $55.10 +26%
Texas Roadhouse, Inc TXRH $197.03 $104.89 -47%
Dutch Bros Inc BROS $68.36 $12.80 -81%
Domino's Pizza, Inc DPZ $322.18 $231.96 -28%

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Frequently asked questions

Is An-Shin Food Services Co (1259) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 53.92 TWD versus a price of 60.90 TWD, about −11% (overvalued).
What is the fair value of 1259?
Our model-based fair value for An-Shin Food Services Co is 53.92 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 60.90 TWD.
What is the quality score of 1259?
An-Shin Food Services Co has a Quality Score of 48/100. 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 revenue of An-Shin Food Services Co (1259)?
An-Shin Food Services Co reported trailing-twelve-month revenue of about 6.1B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 1259?
The net profit margin of An-Shin Food Services Co is about 1.2%, meaning it keeps roughly 1.2% of revenue as net income. Based on the latest reported figures.
Does An-Shin Food Services Co pay a dividend?
An-Shin Food Services Co currently shows a dividend yield of about 2.01% relative to its recent price (as of Jul 21, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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