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Tong-Hwa Synthetic Fiber Co Ltd (1418) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 986M TWD

TH Tong-Hwa Synthetic Fiber Co Ltd 1418 · TW
Price17.75 TWD
Fair Value15.19 TWD
Upside-14.4%
Quality34/100
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Risks

!Trades 14% ABOVE our fair value of 15.19 TWD
!Weak Growth
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
Weak Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (2/8)
Narrow moat 9/100
Evidence: Low Range 11.34 TWD – 22.68 TWD Share as image

Fair value as of: Aug 19, 2026

From 1 valuation models · updated yesterday

Share price −2.2% over the past month.

Below-average quality, and screening another 14% overvalued on our models.

What matters now

  • A fairly wide model range (11.34 TWD to 22.68 TWD) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

43.05 TWD 6.80 TWD Fair Value 15.19 TWD Nov 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 6.80 TWD – 43.05 TWD · fair‑value band 11.34 TWD – 22.68 TWD · the 17.75 TWD price screens above the 15.19 TWD fair value. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Tong-Hwa Synthetic Fiber Co Ltd (1418) currently trades at 17.75 TWD, while our model-based Fair Value estimate is 15.19 TWD, implying the stock looks roughly 14.4% overvalued today. The Quality Score stands at 34/100 (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: low).

Trailing-twelve-month revenue stands at 3.1M TWD. Revenue declined 77.2% year over year. It earns a return on equity of -6.0%. Net debt stands at 3.1B TWD. Fundamentals as of Aug 19, 2026

Our scenario range runs from 11.34 TWD (bear case) to 22.68 TWD (bull case); at 17.75 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 28% 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 -7% fair-value upside, at -14%, 1418 screens richer 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
NCAV (Graham) 11.34 TWD 15.19 TWD 22.68 TWD 50
All 1 models by family
Asset-Based
NCAV (Graham) 11.34 TWD 15.19 TWD 22.68 TWD 50

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Key figures & financial health

Revenue (TTM) 3.1M TWD
Revenue growth (YoY) -77.2%
Return on equity -6.0%
Free cash flow −621M TWD FY2025
Operating margin -3,514%
EPS (TTM) -1.29 TWD
More key figures
EPS growth (YoY) -53.7%
Net debt 3.1B TWD FY2025

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 35 · Market factors (momentum, volatility) 41

Profitability 3
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 16
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 9
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

TongHwa Corporation purchases and sells polypropylene wall synthetic fibers in Taiwan. It is involved in the real estate leasing, and real estate development. The company was formerly known as Tong-Hwa Synthetic Fiber Company Limited. TongHwa Corporation was founded in 1970 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tong-Hwa Synthetic Fiber Co Ltd reported revenue of 5.3M TWD in FY2025 versus 39.3M TWD in FY2021, a compound −39.3%/yr. Reported net income was −69.9M TWD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
5.3M TWD
Latest YoY
−48.0%
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.
−36.4%
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.
−44.4%
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.
−22.7%
Revenue −39.3%/yr
FY21 39.3M TWD
FY22 20.8M TWD
FY23 20.6M TWD
FY24 10.2M TWD
FY25 5.3M TWD
Net income
FY21 −169M TWD
FY22 21.8M TWD
FY23 40.0M TWD
FY24 25.8M TWD
FY25 −69.9M TWD

1418 screens 14% overvalued. Compare with Shenzhou International Group →

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Cite: Fair Value Calculator (2026). "Tong-Hwa Synthetic Fiber Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1418

Peer Group

Textile Manufacturing · 321 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 35 · Bottom 25%
Fair Value upside −14% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth -77% · Bottom 25%
Debt / equity 0.10× · Lower than median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/S (TTM) 9.84× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE14 · sector 11
FUTURE0 · sector 0
PAST0 · sector 15
HEALTH95 · sector 95
DIVIDEND0 · sector 34

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

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$42.10 HK$68.24 +62%
Tongkun Group 601233 ¥22.67 ¥14.53 -36%
Inner Mongolia ERDOS Resources Co 600295 ¥12.79 ¥14.35 +12%
Far Eastern New Century Corporation 1402 27.55 TWD 25.64 TWD -7%
K.P.R. Mill Limited KPRMILL ₹1,124 ₹467.49 -58%
Vardhman Textiles Limited VTL ₹591.90 ₹437.53 -26%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 324.31 TRY +86%
Ruentex Industries Ltd 2915 54.10 TWD 133.24 TWD +146%
Welspun Living Limited WELSPUNLIV ₹165.23 ₹47.77 -71%
Arvind Limited ARVIND ₹571.85 ₹322.41 -44%

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Frequently asked questions

Is Tong-Hwa Synthetic Fiber Co Ltd (1418) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 15.19 TWD versus a price of 17.75 TWD, about −14% (overvalued).
What is the fair value of 1418?
Our model-based fair value for Tong-Hwa Synthetic Fiber Co Ltd is 15.19 TWD (as of Aug 19, 2026), built from audited fundamentals. The current price: 17.75 TWD.
What is the quality score of 1418?
Tong-Hwa Synthetic Fiber Co Ltd has a Quality Score of 34/100. 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 Tong-Hwa Synthetic Fiber Co Ltd (1418)?
Tong-Hwa Synthetic Fiber Co Ltd reported trailing-twelve-month revenue of about 3.1M TWD (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 1418?
The net profit margin of Tong-Hwa Synthetic Fiber Co Ltd is about 0.0%, meaning it keeps roughly 0.0% 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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