Far Eastern New Century Corporation (1402) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 147B TWD

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

What matters now

• The price sits above even our optimistic bull case (26.43 TWD). The favourable scenario is already priced in.
• Our model range runs from 19.58 TWD (bear) to 26.43 TWD (bull), base 24.41 TWD. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 37/100 (below-average quality) with medium evidence: read the verdict with care.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 23.45 TWD – 39.00 TWD · fair‑value band 19.58 TWD – 26.43 TWD · the 27.50 TWD price screens above the 24.41 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Far Eastern New Century Corporation (1402) currently trades at 27.50 TWD, while our model-based Fair Value estimate is 24.41 TWD, implying the stock looks roughly 11.2% overvalued today. The Quality Score stands at 37/100 (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: medium).

Over the trailing twelve months, Far Eastern New Century Corporation generated revenue of 252B TWD at a net margin of 3.4%. Revenue declined 3.8% year over year. It earns a return on equity of 5.5%. Net debt stands at 225B TWD. Fundamentals as of Jul 16, 2026

Our scenario range runs from 19.58 TWD (bear case) to 26.43 TWD (bull case); at 27.50 TWD, the current price sits above 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 20% below its 52-week high and 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at -11%, 1402 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.

Widest divergence: Dividend Discount (46.51 TWD) versus Economic Profit (1.58 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Far Eastern New Century Corporation manufactures and sells polyester materials, and semi-finished and finished textiles in Taiwan, China, and internationally. It operates through Production, Telecommunication Services, Property Development, and Investment and Others segments.

Full company description

Far Eastern New Century Corporation manufactures and sells polyester materials, and semi-finished and finished textiles in Taiwan, China, and internationally. It operates through Production, Telecommunication Services, Property Development, and Investment and Others segments. The company offers cotton, synthetic or blended fabrics, towels and bed sheets, and woven and knitted garments; polyethylene terephthalate bottles and sheets; and natural, synthetic, and blended yarns, as well as polyester textured yarns. It is also involved in yarn, silk, and cloth printing and dyeing; and development, leasing, construction, sale, and management of real estate. In addition, the company engages in petrochemical materials production; electronic toll collection; investment; nylon production; production and wholesale of medical supplies; waste recycling and re-processing; consulting; foreign trade; chemical fiber and textile production; garment production; production of polyethylene terephthalate chips; recycled pet production and sales; construction; personnel recruitment; human services and equipment procurement and product sales agency services; production of polyester resins and industrial fabrics; internet software development services; and sale of communications products and office equipment. Further, it operates hotels; sells electronic materials and by-product; offers market research and general advertisement; intelligent control equipment and security monitoring products; sells resin, recycled resin, and chemical fibers products; telecommunications services; electronic information providing services; call center services; property and life insurance; motion picture and television production distribution; system integration service; energy technology; security and monitoring service; design and research of computer system; and telecommunications services. Far Eastern New Century Corporation was incorporated in 1954 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Far Eastern New Century Corporation reported revenue of 254B TWD in FY2025 versus 239B TWD in FY2021, a compound +1.6%/yr. Reported net income was 7.8B TWD in FY2025, compounding −14.8%/yr from FY2021.

1402 screens 11% overvalued. Compare with Shenzhou International Group →

Peer Group

Textile Manufacturing · 309 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.

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

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.

Values & ESG

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

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 16, 2026).

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

Frequently asked questions

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.