Far Eastern New Century Corp (1402) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Far Eastern New Century Corp TWD 26.79, price TWD 28.15, upside -4.8%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 23.45 TWD – 39.00 TWD · fair‑value band 20.51 TWD – 28.33 TWD · the 28.15 TWD price screens above the 26.79 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Far Eastern New Century Corp (1402) currently trades at 28.15 TWD, while our model-based Fair Value estimate is 26.79 TWD, implying the stock looks roughly 5.1% fairly valued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 43.74 TWD per share, and 16 of the 25 models we run sit above the 28.15 TWD price.
Bear case: the Earnings-Based group reads lowest at 6.95 TWD, and 9 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: 20.51 TWD (bear) to 28.33 TWD (bull), the price of 28.15 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 37/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Far Eastern New Century Corp 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.
Key figures
Market cap 147B TWD (≈ $4.6B) · P/E ratio 18.2 · P/S ratio 0.56 · EPS (TTM) 1.55 TWD · Dividend yield 4.4% · Net margin 3.1% · Return on equity 5.5% · Return on assets (EBIT) 2.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −21% fair-value upside, at −5%, 1402 screens cheaper than that median.
Fair Value models
Bear 20.51 TWDFair Value 26.79 TWDBull 28.33 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.2195 TWD per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−6.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.2%
Start year 2020 (pandemic). Over 10 years: +1.6% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.2%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−20.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−24.7%
Dividend (yield on the price)4.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−25% vs −8%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 7%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +4.1% a year for the price.
Compare Far Eastern New Century Corp with another stock
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Peer Groupⓘ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.Textile Manufacturing · 344 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−5% · Above median
Profitability
Return on equity (TTM)6% · Above median
Return on assets2% · Below median
Net margin (TTM)3% · Above median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth−4% · Below median
Dividend yield (TTM)4.4% · Top 25%
Balance sheet
Debt / equity0.72× · Highest 25%
Valuation Multiplesvs Textile Manufacturing median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Far Eastern New Century Corp Fair Value". https://www.fairvalue-calculator.com/stock/1402
Frequently asked questions
Is Far Eastern New Century Corp (1402) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 26.79 TWD versus a price of 28.15 TWD, about −5% upside (fairly valued).
What is the fair value of 1402?
Our model-based fair value for Far Eastern New Century Corp is 26.79 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 28.15 TWD.
What is the quality score of 1402?
Far Eastern New Century Corp has a Quality Score of 37/100. 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 price target for Far Eastern New Century Corp (1402)?
Our model-based price target is the fair value of 26.79 TWD (as of Sep 24, 2026) from 25 valuation models. Cautious scenario 20.51 TWD, optimistic scenario 28.33 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Far Eastern New Century Corp stock forecast for 2026?
Our models put fair value at 26.79 TWD, about −5% upside versus a price of 28.15 TWD (fairly valued). Cautious scenario 20.51 TWD, optimistic scenario 28.33 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Far Eastern New Century Corp (1402)?
Far Eastern New Century Corp reported trailing-twelve-month revenue of about 252B TWD (latest available figure, as of Sep 24, 2026).
Does Far Eastern New Century Corp pay a dividend?
Far Eastern New Century Corp currently shows a dividend yield of about 4.44% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Far Eastern New Century Corp (1402)?
For today's price to be fair in a discounted-cash-flow model, Far Eastern New Century Corp would have to grow free cash flow by +5.7 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 1402 use?
Our models discount Far Eastern New Century Corp at 9.0 %: a base by market capitalisation (mid), damped by beta 0.16, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Far Eastern New Century Corp that is +5.7 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Far Eastern New Century Corp (1402) delivered so far?
Over the past 5 years revenue at Far Eastern New Century Corp grew +4.2 % a year. The price currently implies +5.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Far Eastern New Century Corp (1402) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Far Eastern New Century Corp (+5.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Far Eastern New Century Corp (1402)?
The free-cash-flow yield on the price is 9.19 %: that much free cash flow Far Eastern New Century Corp produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Far Eastern New Century Corp (1402)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Far Eastern New Century Corp it is 26.79 TWD per share (as of Sep 24, 2026), against a price of 28.15 TWD. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Far Eastern New Century Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1402 trades above its calculated fair value: price 28.15 TWD, fair value 26.79 TWD, a gap of about −5% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1402?
No. The price is what the market pays today (28.15 TWD); the fair value is what the company's own numbers justify (26.79 TWD). For Far Eastern New Century Corp the two are 1.36 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Far Eastern New Century Corp worth?
The market values Far Eastern New Century Corp at about 147B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 28.15 TWD; our models calculate a fair value of 26.79 TWD per share.
What do the bullish and bearish scenarios say about 1402?
Our models span a range for Far Eastern New Century Corp: cautious scenario 20.51 TWD, base 26.79 TWD, optimistic 28.33 TWD per share (as of Sep 24, 2026, price 28.15 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1402?
Far Eastern New Century Corp trades at a price-to-earnings ratio of 18.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 26.79 TWD is built from several models across several years. Other multiples: PEG 3.4, P/B 0.6, P/S 0.6, EV/EBITDA 6.6.
What is the PEG ratio of 1402?
The PEG ratio of Far Eastern New Century Corp is 3.38 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Far Eastern New Century Corp (1402)?
Balance-sheet figures for Far Eastern New Century Corp (as of Sep 24, 2026): return on equity 5.5%, debt of 0.72 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 1402 from its 52-week high?
Far Eastern New Century Corp trades at 28.15 TWD, about 7% below its 52-week high of 30.35 TWD and 20% above the low of 23.45 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 26.79 TWD is for.
Which stocks are comparable to Far Eastern New Century Corp?
From the same area (Consumer Cyclical) we also value Shenzhou International Group, Tongkun Group, Inner Mongolia ERDOS Resources Co, K.P.R. Mill Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Far Eastern New Century Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 28.15 TWD, calculated fair value 26.79 TWD (−5%), Quality Score 37/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1402 calculated?
We run Far Eastern New Century Corp through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 26.79 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Far Eastern New Century Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Far Eastern New Century Corp (1402)?
The closing price on Sep 24, 2026 was 28.15 TWD. Our model-based fair value is 26.79 TWD, about −5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Far Eastern New Century Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Far Eastern New Century Corp (1402) come from?
Earnings per share at Far Eastern New Century Corp grew −3.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.9 %, EBIT margin +0.5 %, tax rate +0.0 %, residual (interest, one-offs) −1.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Far Eastern New Century Corp
How large is the market capitalisation of Far Eastern New Century Corp (1402)?
The market capitalisation of Far Eastern New Century Corp is 147B TWD (≈ $4.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Far Eastern New Century Corp (1402)?
The price-to-sales ratio of Far Eastern New Century Corp is 0.56 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Far Eastern New Century Corp (1402)?
Earnings per share at Far Eastern New Century Corp are 1.55 TWD (price ÷ EPS = P/E 18.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Far Eastern New Century Corp (1402)?
The dividend yield of Far Eastern New Century Corp is 4.4% (payout 80.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Far Eastern New Century Corp (1402)?
The net margin of Far Eastern New Century Corp is 3.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Far Eastern New Century Corp (1402)?
The return on equity (ROE) of Far Eastern New Century Corp is 5.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Far Eastern New Century Corp (1402)?
On an EBIT basis the return on assets of Far Eastern New Century Corp is 2.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Far Eastern New Century Corp (1402)?
The operating margin of Far Eastern New Century Corp is 8.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Far Eastern New Century Corp (1402)?
Revenue at Far Eastern New Century Corp is growing −3.8% versus a year earlier (3y avg −1.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Far Eastern New Century Corp (1402)?
Earnings per share at Far Eastern New Century Corp are growing +32.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Far Eastern New Century Corp (1402) carry?
The net debt of Far Eastern New Century Corp is 225B TWD (fiscal year 2025, ≈ 8.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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