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Fulin Plastic Industry (Cayman) Holding (1341) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 3.1B TWD

FP Fulin Plastic Industry (Cayman) Holding 1341 · TW
Price59.20 TWD
Fair Value79.18 TWD
Upside+33.8%
Quality73/100
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Weak Growth
Thin margins · 8.4% net margin
Low debt · generates free cash flow
6.78% dividend yield
Ranks above peers (11/14)
Moderate moat 54/100
Evidence: High Range 58.29 TWD – 100.07 TWD Share as image

Fair value as of: Jul 23, 2026

From 22 valuation models · updated 18 days ago

Share price +1.7% over the past month.

A solid business, screening 34% undervalued on our models.

What matters now

  • The rarer combination: high quality (73/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • Our model range runs from 58.29 TWD (bear) to 100.07 TWD (bull), base 79.18 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 73/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

74.70 TWD 53.45 TWD Fair Value 79.18 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 53.45 TWD – 74.70 TWD · fair‑value band 58.29 TWD – 100.07 TWD · the 59.20 TWD price screens below the 79.18 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Fulin Plastic Industry (Cayman) Holding (1341) currently trades at 59.20 TWD, while our model-based Fair Value estimate is 79.18 TWD, implying the stock looks roughly 33.8% undervalued today. The Quality Score stands at 73/100 (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, Fulin Plastic Industry (Cayman) Holding generated revenue of 2.6B TWD at a net margin of 8.4%. Revenue declined 1.3% year over year. It earns a return on equity of 17.7%. Net debt stands at 232M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 58.29 TWD (bear case) to 100.07 TWD (bull case); at 59.20 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 12% below its 52-week high and 7% 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 34%, 1341 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 79.84 TWD 103.86 TWD 143.97 TWD 80
Residual Income 24.16 TWD 31.22 TWD 79.16 TWD 76
Rev-Margin DCF 58.01 TWD 77.90 TWD 102.87 TWD 74
All 22 models by family
DCF Models
FCF DCF 76.97 TWD 101.87 TWD 146.98 TWD 38
Owner Earnings 48.99 TWD 63.79 TWD 90.59 TWD 31
5Y Revenue Exit 58.01 TWD 76.24 TWD 102.76 TWD 39
5Y EBITDA Exit 67.78 TWD 93.11 TWD 126.82 TWD 41
5Y P/E Exit 67.02 TWD 91.80 TWD 121.63 TWD 38
10Y Revenue Exit 64.16 TWD 78.46 TWD 93.44 TWD 36
10Y EBITDA Exit 70.99 TWD 88.73 TWD 107.39 TWD 37
10Y P/E Exit 70.54 TWD 87.93 TWD 104.38 TWD 35
Earnings-Based
Graham-Dodd 25.22 TWD 31.92 TWD 36.27 TWD 54
EPV 44.93 TWD 50.76 TWD 55.79 TWD 59
Multiples
P/E Multiple 61.20 TWD 81.61 TWD 102.01 TWD 63
P/S Multiple 43.72 TWD 58.29 TWD 72.86 TWD 58
P/B Multiple 47.29 TWD 63.06 TWD 78.82 TWD 55
EV/EBIT 79.87 TWD 103.82 TWD 127.77 TWD 53
EV/EBITDA 70.69 TWD 91.58 TWD 112.47 TWD 54
EV/Revenue 48.82 TWD 66.30 TWD 83.79 TWD 43
Asset-Based
NCAV (Graham) 12.22 TWD 16.37 TWD 24.43 TWD 50
Growth DCF
Growth DCF 79.84 TWD 103.86 TWD 143.97 TWD 80
Rev-Margin DCF 58.01 TWD 77.90 TWD 102.87 TWD 74
Economic Profit
Residual Income 24.16 TWD 31.22 TWD 79.16 TWD 76
ROIC Compounder 44.99 TWD 52.21 TWD 59.38 TWD 72
Growth Earnings
Growth-Adj P/E 43.14 TWD 61.63 TWD 80.12 TWD 68

Widest divergence: DCF Models (87.93 TWD) versus Asset-Based (16.37 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.6B TWD
Revenue growth (YoY) -1.3%
Net margin 8.4%
Return on equity 17.7%
Free cash flow 392M TWD FY2025
P/E ratio 15.7
More key figures
Operating margin 15.2%
EPS (TTM) 3.70 TWD
Dividend yield 6.8%
EPS growth (YoY) +29.6%
Net debt 232M TWD FY2025

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

Quality Score breakdown

Overall quality 73/100

Of which business quality 72 · Market factors (momentum, volatility) 49

Profitability 58
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 83
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

Fulin Plastic Industry (Cayman) Holding Co., Ltd. produces and sells of artificial leather and rubber sheets in Vietnam. It provides latex leathers, tapes, soft leather, PU, and non-woven fabric. The company is involved in the international trading business. Fulin Plastic Industry (Cayman) Holding Co., Ltd.

Full company description

Fulin Plastic Industry (Cayman) Holding Co., Ltd. produces and sells of artificial leather and rubber sheets in Vietnam. It provides latex leathers, tapes, soft leather, PU, and non-woven fabric. The company is involved in the international trading business. Fulin Plastic Industry (Cayman) Holding Co., Ltd. was incorporated in 2016 and is headquartered in Hai Phong, Vietnam.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fulin Plastic Industry (Cayman) Holding reported revenue of 2.6B TWD in FY2025 versus 2.8B TWD in FY2021, a compound −1.8%/yr. Reported net income was 196M TWD in FY2025, compounding −9.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.6B TWD
Latest YoY
−8.0%
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.
−5.5%
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.
−0.7%
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.
−2.4%
Revenue −1.8%/yr
FY21 2.8B TWD
FY22 3.0B TWD
FY23 2.5B TWD
FY24 2.8B TWD
FY25 2.6B TWD
Net income −9.9%/yr
FY21 298M TWD
FY22 300M TWD
FY23 230M TWD
FY24 283M TWD
FY25 196M TWD
Character of growth · EPS growth decomposed (2015-2025) −12.5 % p.a.
Revenue per share −6.5 pp

of which total revenue −2.0 pp · buybacks/dilution −4.5 pp

EBIT margin −6.5 pp
Tax rate −0.3 pp
Residual (interest, one-offs) +0.8 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). "Fulin Plastic Industry (Cayman) Holding Fair Value". https://www.fairvalue-calculator.com/stock/1341

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 73 · Top 25%
Fair Value upside +34% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 6.8% · Top 25%

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 15.7× · Cheaper than median
P/B 2.37× · Pricier than 75% of peers
P/S (TTM) 1.20× · Pricier than median
P/FCF 0.2× · Cheaper than median
EV/EBITDA 6.8× · 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 78 · sector 8
FUTURE 0 · sector 0
PAST 71 · sector 15
HEALTH 100 · 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%
HMT (Xiamen) New Technical Materials Co 603306 ¥91.75 ¥12.85 -86%
Far Eastern New Century Corporation 1402 27.55 TWD 28.72 TWD +4%
K.P.R. Mill Limited KPRMILL ₹1,083 ₹467.49 -57%
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 Fulin Plastic Industry (Cayman) Holding (1341) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 79.18 TWD versus a price of 59.20 TWD, about +34% (undervalued).
What is the fair value of 1341?
Our model-based fair value for Fulin Plastic Industry (Cayman) Holding is 79.18 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 59.20 TWD.
What is the quality score of 1341?
Fulin Plastic Industry (Cayman) Holding has a Quality Score of 73/100. 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 Fulin Plastic Industry (Cayman) Holding (1341)?
Fulin Plastic Industry (Cayman) Holding reported trailing-twelve-month revenue of about 2.6B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 1341?
The net profit margin of Fulin Plastic Industry (Cayman) Holding is about 8.4%, meaning it keeps roughly 8.4% of revenue as net income. Based on the latest reported figures.
Does Fulin Plastic Industry (Cayman) Holding pay a dividend?
Fulin Plastic Industry (Cayman) Holding currently shows a dividend yield of about 6.78% 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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