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Kanpai Co (1269) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 1.4B TWD

KC Kanpai Co 1269 · TWO
Price64.90 TWD
Fair Value82.47 TWD
Upside+27.1%
Quality63/100
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Healthy Growth
Thin margins · 1.9% net margin
Low debt · generates free cash flow
6.15% dividend yield
Ranks above peers (13/14)
Narrow moat 33/100
Evidence: High Range 61.85 TWD – 103.09 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 90.72 TWD to 82.47 TWD (−9.1%) since Jul 7, 2026. Share price −5.9% over the past month.

A solid business, screening 27% undervalued on our models.

What matters now

  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 61.85 TWD (bear) to 103.09 TWD (bull), base 82.47 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 63/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

137.80 TWD 52.90 TWD Fair Value 82.47 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 52.90 TWD – 137.80 TWD · fair‑value band 61.85 TWD – 103.09 TWD · the 64.90 TWD price screens below the 82.47 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Kanpai Co (1269) currently trades at 64.90 TWD, while our model-based Fair Value estimate is 82.47 TWD, implying the stock looks roughly 27.1% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Kanpai Co generated revenue of 4.6B TWD at a net margin of 1.9%. Revenue grew 6.3% year over year. It earns a return on equity of 8.8%. Net debt stands at 344M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 61.85 TWD (bear case) to 103.09 TWD (bull case); at 64.90 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 23% below its 52-week high and 28% 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 27%, 1269 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 174.26 TWD 263.12 TWD 388.26 TWD 80
Residual Income 38.24 TWD 40.51 TWD 43.78 TWD 76
Rev-Margin DCF 120.02 TWD 175.88 TWD 246.96 TWD 74
All 26 models by family
DCF Models
FCF DCF 176.09 TWD 275.71 TWD 424.32 TWD 38
Owner Earnings 186.66 TWD 292.85 TWD 451.26 TWD 31
5Y Revenue Exit 120.02 TWD 175.06 TWD 245.76 TWD 39
5Y EBITDA Exit 215.62 TWD 368.41 TWD 557.49 TWD 41
5Y P/E Exit 114.67 TWD 164.26 TWD 217.95 TWD 38
10Y Revenue Exit 138.12 TWD 194.09 TWD 272.53 TWD 36
10Y EBITDA Exit 197.67 TWD 322.15 TWD 506.52 TWD 37
10Y P/E Exit 136.93 TWD 186.94 TWD 251.65 TWD 35
Earnings-Based
Graham-Dodd 28.04 TWD 122.00 TWD 166.86 TWD 54
Lynch FV 31.40 TWD 44.86 TWD 58.32 TWD 50
PEG = 1.0 31.40 TWD 44.86 TWD 58.32 TWD 46
EPV 62.66 TWD 69.03 TWD 74.34 TWD 59
Dividend Discount
Gordon GGM 11.77 TWD 21.21 TWD 29.20 TWD 70
DDM Multi-Stage 11.77 TWD 19.38 TWD 22.66 TWD 61
Multiples
P/E Multiple 68.04 TWD 90.72 TWD 113.39 TWD 63
P/S Multiple 52.57 TWD 70.10 TWD 87.62 TWD 58
P/B Multiple 52.57 TWD 70.10 TWD 87.62 TWD 55
EV/EBIT 123.27 TWD 159.03 TWD 194.80 TWD 53
EV/EBITDA 262.75 TWD 345.01 TWD 427.27 TWD 54
EV/Revenue 88.29 TWD 119.29 TWD 150.29 TWD 43
Asset-Based
NCAV (Graham) 23.99 TWD 32.14 TWD 47.97 TWD 50
Growth DCF
Growth DCF 174.26 TWD 263.12 TWD 388.26 TWD 80
Rev-Margin DCF 120.02 TWD 175.88 TWD 246.96 TWD 74
Economic Profit
Residual Income 38.24 TWD 40.51 TWD 43.78 TWD 76
ROIC Compounder 66.70 TWD 80.26 TWD 96.81 TWD 72
Growth Earnings
Growth-Adj P/E 53.54 TWD 76.48 TWD 99.43 TWD 68

Widest divergence: DCF Models (194.09 TWD) versus Dividend Discount (19.38 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.6B TWD
Revenue growth (YoY) +6.3%
Net margin 1.9%
Return on equity 8.8%
Free cash flow 323M TWD FY2025
P/E ratio 15.7
More key figures
Operating margin 5.5%
EPS (TTM) 4.18 TWD
Dividend yield 6.2%
Net debt 344M TWD FY2024

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

Quality Score breakdown

Overall quality 63/100

Of which business quality 64 · Market factors (momentum, volatility) 46

Profitability 59
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 67
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

Kanpai Co., Ltd engages in catering related businesses in China and Taiwan. The company involved in chain restaurants, meat imports, e-commerce retail, and pet food businesses. It serves directly to consumers through street stores, department stores, and shopping malls. Kanpai Co., Ltd was founded in 1999 and is based in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kanpai Co reported revenue of 4.6B TWD in FY2025 versus 3.1B TWD in FY2021, a compound +10.8%/yr. Reported net income was 86.2M TWD in FY2025, compounding +4.9%/yr from FY2021.

Growth Quality 77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.6B TWD
Latest YoY
+3.0%
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.
+7.1%
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.
+10.6%
Avg. growth/yr (12Y) 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.
+14.4%
Revenue +10.8%/yr
FY21 3.1B TWD
FY22 3.8B TWD
FY23 4.9B TWD
FY24 4.5B TWD
FY25 4.6B TWD
Net income +4.9%/yr
FY21 71.3M TWD
FY22 −99.8M TWD
FY23 74.2M TWD
FY24 17.2M TWD
FY25 86.2M TWD
Character of growth · EPS growth decomposed (2013-2024) −1.0 % p.a.
Revenue per share +11.6 pp

of which total revenue +14.9 pp · buybacks/dilution −3.3 pp

EBIT margin −1.1 pp
Tax rate −3.5 pp
Residual (interest, one-offs) −7.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Kanpai Co Fair Value". https://www.fairvalue-calculator.com/stock/1269

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 63 · Top 25%
Fair Value upside +27% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 6.2% · Top 25%
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Restaurants median · lower = cheaper

P/E (TTM) 15.7× · Cheaper than median
P/B 1.37× · Cheaper than median
P/S (TTM) 0.30× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 3.3× · Cheaper than 75% of peers

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 69 · sector 28
FUTURE 32 · sector 20
PAST 35 · sector 16
HEALTH 93 · sector 97
DIVIDEND 100 · 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 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 Kanpai Co (1269) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 82.47 TWD versus a price of 64.90 TWD, about +27% (undervalued).
What is the fair value of 1269?
Our model-based fair value for Kanpai Co is 82.47 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 64.90 TWD.
What is the quality score of 1269?
Kanpai Co has a Quality Score of 63/100. 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 Kanpai Co (1269)?
Kanpai Co reported trailing-twelve-month revenue of about 4.6B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 1269?
The net profit margin of Kanpai Co is about 1.9%, meaning it keeps roughly 1.9% of revenue as net income. Based on the latest reported figures.

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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