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San Fang Chemical Industry Co (1307) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 12.9B TWD

SF San Fang Chemical Industry Co 1307 · TW
Price30.90 TWD
Fair Value42.00 TWD
Upside+35.9%
Quality60/100
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Healthy Growth
Solidly profitable · 10.1% net margin
Low debt · generates free cash flow
6.80% dividend yield
Ranks above peers (10/14)
Moderate moat 46/100
Evidence: High Range 29.98 TWD – 58.04 TWD Share as image

Fair value as of: Jul 23, 2026

From 22 valuation models · updated 19 days ago

Share price −3.9% over the past month.

A solid business, screening 36% undervalued on our models.

What matters now

  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (29.98 TWD to 58.04 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

53.80 TWD 18.37 TWD Fair Value 42.00 TWD Mar 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 18.37 TWD – 53.80 TWD · fair‑value band 29.98 TWD – 58.04 TWD · the 30.90 TWD price screens below the 42.00 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

San Fang Chemical Industry Co (1307) currently trades at 30.90 TWD, while our model-based Fair Value estimate is 42.00 TWD, implying the stock looks roughly 35.9% undervalued today. The Quality Score stands at 60/100 (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, San Fang Chemical Industry Co generated revenue of 10.8B TWD at a net margin of 10.1%. Revenue grew 0.7% year over year. It earns a return on equity of 11.1%. Net debt stands at 729M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 29.98 TWD (bear case) to 58.04 TWD (bull case); at 30.90 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 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at 36%, 1307 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 23.92 TWD 30.09 TWD 41.35 TWD 80
Residual Income 23.00 TWD 26.52 TWD 48.87 TWD 76
Rev-Margin DCF 28.42 TWD 40.61 TWD 55.92 TWD 74
All 22 models by family
DCF Models
FCF DCF 23.20 TWD 29.50 TWD 42.05 TWD 38
Owner Earnings 25.78 TWD 32.98 TWD 47.32 TWD 31
5Y Revenue Exit 28.42 TWD 40.29 TWD 58.00 TWD 39
5Y EBITDA Exit 32.68 TWD 47.52 TWD 67.64 TWD 41
5Y P/E Exit 31.49 TWD 45.50 TWD 62.59 TWD 38
10Y Revenue Exit 25.48 TWD 35.55 TWD 47.18 TWD 36
10Y EBITDA Exit 28.87 TWD 40.32 TWD 53.44 TWD 37
10Y P/E Exit 28.14 TWD 38.99 TWD 50.16 TWD 35
Earnings-Based
Graham-Dodd 19.35 TWD 32.06 TWD 38.90 TWD 54
EPV 33.53 TWD 38.25 TWD 42.38 TWD 59
Multiples
P/E Multiple 36.29 TWD 48.39 TWD 60.48 TWD 63
P/S Multiple 30.58 TWD 40.78 TWD 50.97 TWD 58
P/B Multiple 36.29 TWD 48.39 TWD 60.48 TWD 55
EV/EBIT 45.89 TWD 59.46 TWD 73.03 TWD 53
EV/EBITDA 43.69 TWD 56.52 TWD 69.35 TWD 54
EV/Revenue 33.73 TWD 45.96 TWD 58.19 TWD 43
Asset-Based
NCAV (Graham) 12.66 TWD 16.97 TWD 25.32 TWD 50
Growth DCF
Growth DCF 23.92 TWD 30.09 TWD 41.35 TWD 80
Rev-Margin DCF 28.42 TWD 40.61 TWD 55.92 TWD 74
Economic Profit
Residual Income 23.00 TWD 26.52 TWD 48.87 TWD 76
ROIC Compounder 33.91 TWD 39.46 TWD 45.74 TWD 72
Growth Earnings
Growth-Adj P/E 25.85 TWD 36.93 TWD 48.01 TWD 68

Widest divergence: Multiples (48.39 TWD) versus Asset-Based (16.97 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 10.8B TWD
Revenue growth (YoY) +0.7%
Net margin 10.1%
Return on equity 11.1%
Free cash flow 712M TWD FY2025
P/E ratio 11.9
More key figures
Operating margin 13.9%
EPS (TTM) 2.73 TWD
Dividend yield 6.8%
EPS growth (YoY) -10.2%
Net debt 729M TWD FY2025

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 45

Profitability 44
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 86
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

San Fang Chemical Industry Co., Ltd. manufactures and sells artificial leather, synthetic resin, and other materials in Taiwan, China, Hong Kong, Southeast Asia, and internationally.

Full company description

San Fang Chemical Industry Co., Ltd. manufactures and sells artificial leather, synthetic resin, and other materials in Taiwan, China, Hong Kong, Southeast Asia, and internationally. The company provides polyurethane synthetic leathers; full grain and nubuck synthetic leathers; fibers, such as multi and mono filaments, recycled dope dyed yarn, and thermoplastic polyester elastomer (TPEE) elastic fibers; and hot melt, TPU+hot melt, TPU, and multi-layer films for shoes, as well as films, hot melt, water-proof tapes, elastic hot melt, and decoration hot melt films for apparel. It also manufactures and sells chemical products; and engages in material processing activities. The company's products are used in sports shoes, balls, equipment and bags, and bicycle saddle materials; hot melt, water-proof tape, and decoration hot melt apparel; and vehicle interiors applications. San Fang Chemical Industry Co., Ltd. was founded in 1973 and is headquartered in Kaohsiung City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

San Fang Chemical Industry Co reported revenue of 10.8B TWD in FY2025 versus 8.4B TWD in FY2021, a compound +6.6%/yr. Reported net income was 1.1B TWD in FY2025, compounding +76.8%/yr from FY2021.

Growth Quality 69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
10.8B 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.
+0.2%
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.
+5.1%
Avg. growth/yr (23Y) 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 +6.6%/yr
FY21 8.4B TWD
FY22 10.8B TWD
FY23 10.1B TWD
FY24 10.8B TWD
FY25 10.8B TWD
Net income +76.8%/yr
FY21 116M TWD
FY22 470M TWD
FY23 760M TWD
FY24 1.5B TWD
FY25 1.1B TWD
Character of growth · EPS growth decomposed (2014-2025) +0.2 % p.a.
Revenue per share −0.6 pp

of which total revenue −0.6 pp · buybacks/dilution +0.0 pp

EBIT margin +0.3 pp
Tax rate −0.6 pp
Residual (interest, one-offs) +1.1 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). "San Fang Chemical Industry Co Fair Value". https://www.fairvalue-calculator.com/stock/1307

Peer Group

Textile Manufacturing · 307 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 60 · Top 25%
Fair Value upside +36% · Top 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 1% · Above median
Dividend yield (TTM) 6.8% · Top 25%
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 11.9× · Cheaper than 75% of peers
P/B 1.28× · Pricier than median
P/S (TTM) 1.19× · Pricier than median
P/FCF 0.6× · Pricier than median
EV/EBITDA 5.5× · 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 81 · sector 8
FUTURE 4 · sector 0
PAST 45 · sector 15
HEALTH 93 · sector 95
DIVIDEND 100 · sector 34

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 Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$44.40 HK$75.65 +70%
Tongkun Group 601233 ¥23.56 ¥14.53 -38%
Inner Mongolia ERDOS Resources Co 600295 ¥12.04 ¥14.35 +19%
Far Eastern New Century Corporation 1402 27.55 TWD 28.72 TWD +4%
K.P.R. Mill Limited KPRMILL ₹1,083 ₹467.49 -57%
HMT (Xiamen) New Technical Materials Co 603306 ¥78.00 ¥11.85 -85%
Zhejiang Orient Holdings 600120 ¥5.18 ¥2.21 -57%
Vardhman Textiles Limited VTL ₹602.20 ₹437.53 -27%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 323.84 TRY +86%
Shandong Fiberglass Group 605006 ¥16.75 ¥6.42 -62%

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Frequently asked questions

Is San Fang Chemical Industry Co (1307) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 42.00 TWD versus a price of 30.90 TWD, about +36% (undervalued).
What is the fair value of 1307?
Our model-based fair value for San Fang Chemical Industry Co is 42.00 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 30.90 TWD.
What is the quality score of 1307?
San Fang Chemical Industry Co has a Quality Score of 60/100. 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 San Fang Chemical Industry Co (1307)?
San Fang Chemical Industry Co reported trailing-twelve-month revenue of about 10.8B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 1307?
The net profit margin of San Fang Chemical Industry Co is about 10.1%, meaning it keeps roughly 10.1% of revenue as net income. Based on the latest reported figures.
Does San Fang Chemical Industry Co pay a dividend?
San Fang Chemical Industry Co currently shows a dividend yield of about 6.80% 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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