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Hi-Lai Foods Co (1268) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 7.3B TWD

HL Hi-Lai Foods Co 1268 · TWO
Price185.00 TWD
Fair Value179.13 TWD
Upside-3.2%
Quality65/100
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Healthy Growth
Thin margins · 7.6% net margin
Low debt · generates free cash flow
4.57% dividend yield
Ranks above peers (12/14)
Moderate moat 56/100
Evidence: High Range 128.99 TWD – 235.99 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Share price +11.8% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (128.99 TWD to 235.99 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

185.00 TWD 87.85 TWD Fair Value 179.13 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 87.85 TWD – 185.00 TWD · fair‑value band 128.99 TWD – 235.99 TWD · the 185.00 TWD price screens above the 179.13 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Hi-Lai Foods Co (1268) currently trades at 185.00 TWD, while our model-based Fair Value estimate is 179.13 TWD, implying the stock looks roughly 3.2% fairly valued today. The Quality Score stands at 65/100 (solid 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, Hi-Lai Foods Co generated revenue of 6.5B TWD at a net margin of 7.6%. Revenue grew 14.6% year over year. It earns a return on equity of 19.6%. Net debt stands at 2.0B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 128.99 TWD (bear case) to 235.99 TWD (bull case); at 185.00 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 near its 52-week high and 30% 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 -3%, 1268 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 193.96 TWD 298.49 TWD 458.62 TWD 80
Residual Income 62.20 TWD 76.26 TWD 170.22 TWD 76
Rev-Margin DCF 154.29 TWD 233.54 TWD 330.75 TWD 74
All 26 models by family
DCF Models
FCF DCF 193.63 TWD 303.86 TWD 476.66 TWD 38
Owner Earnings 143.32 TWD 221.24 TWD 343.39 TWD 31
5Y Revenue Exit 154.29 TWD 233.51 TWD 336.27 TWD 39
5Y EBITDA Exit 207.55 TWD 338.19 TWD 496.03 TWD 41
5Y P/E Exit 180.08 TWD 284.19 TWD 397.72 TWD 38
10Y Revenue Exit 163.30 TWD 240.12 TWD 347.97 TWD 36
10Y EBITDA Exit 200.72 TWD 313.11 TWD 472.83 TWD 37
10Y P/E Exit 183.25 TWD 275.46 TWD 396.00 TWD 35
Earnings-Based
Graham-Dodd 68.79 TWD 267.08 TWD 362.23 TWD 54
Lynch FV 65.51 TWD 93.58 TWD 121.65 TWD 50
PEG = 1.0 65.51 TWD 93.58 TWD 121.65 TWD 46
EPV 123.06 TWD 139.01 TWD 152.77 TWD 59
Dividend Discount
Gordon GGM 65.87 TWD 131.25 TWD 198.75 TWD 70
DDM Multi-Stage 65.87 TWD 113.43 TWD 138.54 TWD 61
Multiples
P/E Multiple 166.93 TWD 222.57 TWD 278.21 TWD 63
P/S Multiple 128.99 TWD 171.98 TWD 214.98 TWD 58
P/B Multiple 128.99 TWD 171.98 TWD 214.98 TWD 55
EV/EBIT 192.61 TWD 249.47 TWD 306.33 TWD 53
EV/EBITDA 235.54 TWD 306.71 TWD 377.88 TWD 54
EV/Revenue 137.01 TWD 186.29 TWD 235.57 TWD 43
Asset-Based
NCAV (Graham) 27.28 TWD 36.55 TWD 54.56 TWD 50
Growth DCF
Growth DCF 193.96 TWD 298.49 TWD 458.62 TWD 80
Rev-Margin DCF 154.29 TWD 233.54 TWD 330.75 TWD 74
Economic Profit
Residual Income 62.20 TWD 76.26 TWD 170.22 TWD 76
ROIC Compounder 131.98 TWD 160.74 TWD 193.87 TWD 72
Growth Earnings
Growth-Adj P/E 121.01 TWD 172.88 TWD 224.74 TWD 68

Widest divergence: DCF Models (275.46 TWD) versus Asset-Based (36.55 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 6.5B TWD
Revenue growth (YoY) +14.6%
Net margin 7.6%
Return on equity 19.6%
Free cash flow 630M TWD FY2025
P/E ratio 16.6
More key figures
Operating margin 15.9%
EPS (TTM) 10.10 TWD
Dividend yield 4.8%
EPS growth (YoY) +33.8%
Net debt 2.0B TWD FY2023

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 64 · Market factors (momentum, volatility) 78

Profitability 57
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 82
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

Hi-Lai Foods Co., Ltd operates restaurants in Taiwan. It operates restaurants under the Hanlai Harbor, Island language, Hanlai vegetarian food, Hanlai Celebrity Hall, Dongfanglou, Gathering Place, Gathering Place, Hanlai Shanghai Soup Dumplings, Liuliu Sauerkraut Fish Specialty Store, Peking duck specialty store, Cuiyuan Cantonese Restaurant, Leshu, …

Full company description

Hi-Lai Foods Co., Ltd operates restaurants in Taiwan. It operates restaurants under the Hanlai Harbor, Island language, Hanlai vegetarian food, Hanlai Celebrity Hall, Dongfanglou, Gathering Place, Gathering Place, Hanlai Shanghai Soup Dumplings, Liuliu Sauerkraut Fish Specialty Store, Peking duck specialty store, Cuiyuan Cantonese Restaurant, Leshu, Hanlaixuan, flame, PAVO Restaurant & Bistro, Exquisite Seafood Hot Pot, Japanese Cuisine Benkei, Fu Yuan Taiwanese Seafood Restaurant, HI-LAI CAFÉ, Cake Shop, Daily Bakery, Kaohsiung Grand Lounge, Taipei Grand Lounge names. The company is also involved in wholesale and retail of aquatic products and food groceries, and professional investment business. Hi-Lai Foods Co., Ltd was founded in 1992 and is based in Kaohsiung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hi-Lai Foods Co reported revenue of 6.2B TWD in FY2025 versus 2.9B TWD in FY2021, a compound +20.7%/yr. Reported net income was 427M TWD in FY2025, compounding +54.3%/yr from FY2021.

Growth Quality 92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
6.2B TWD
Latest YoY
+5.0%
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.
+18.3%
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.
+12.5%
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.
+8.0%
Revenue +20.7%/yr
FY21 2.9B TWD
FY22 3.8B TWD
FY23 4.9B TWD
FY24 5.9B TWD
FY25 6.2B TWD
Net income +54.3%/yr
FY21 75.3M TWD
FY22 130M TWD
FY23 321M TWD
FY24 425M TWD
FY25 427M TWD

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Cite: Fair Value Calculator (2026). "Hi-Lai Foods Co Fair Value". https://www.fairvalue-calculator.com/stock/1268

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 65 · Top 25%
Fair Value upside −3% · Above median
Return on equity (TTM) 20% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 15% · Top 25%
Dividend yield (TTM) 4.6% · Above median

Valuation Multiples vs Restaurants median · lower = cheaper

P/E (TTM) 17.2× · Cheaper than median
P/B 3.18× · Pricier than median
P/S (TTM) 1.13× · Pricier than median
P/FCF 0.4× · Cheaper than median
EV/EBITDA 7.8× · Cheaper 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 29 · sector 28
FUTURE 73 · sector 20
PAST 79 · sector 16
HEALTH 100 · sector 97
DIVIDEND 91 · sector 58

Insider activity: 40/100

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 23, 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 Hi-Lai Foods Co (1268) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 179.13 TWD versus a price of 185.00 TWD, about −3% (fairly valued).
What is the fair value of 1268?
Our model-based fair value for Hi-Lai Foods Co is 179.13 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 185.00 TWD.
What is the quality score of 1268?
Hi-Lai Foods Co has a Quality Score of 65/100. 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 Hi-Lai Foods Co (1268)?
Hi-Lai Foods Co reported trailing-twelve-month revenue of about 6.5B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 1268?
The net profit margin of Hi-Lai Foods Co is about 7.6%, meaning it keeps roughly 7.6% of revenue as net income. Based on the latest reported figures.
Does Hi-Lai Foods Co pay a dividend?
Hi-Lai Foods Co currently shows a dividend yield of about 4.78% relative to its recent price (as of Jul 23, 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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