Reward Wool Industry Corp (1423) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Reward Wool Industry Corp TWD 43.96, price TWD 34.55, upside +27.2%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Reward Wool Industry Corporation manufactures and sells wool products in Taiwan, Japan, South Korea, and internationally. It offers wool tops; special processing tops comprising superwash, superwash soft, kroy treated only, soft lustre, bosolan, open, and brokern tops; and lanolin and carbonized noils.
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Reward Wool Industry Corporation manufactures and sells wool products in Taiwan, Japan, South Korea, and internationally. It offers wool tops; special processing tops comprising superwash, superwash soft, kroy treated only, soft lustre, bosolan, open, and brokern tops; and lanolin and carbonized noils. The company was incorporated in 1964 and is headquartered in Taipei, Taiwan.
Stock analysis
Reward Wool Industry Corp (1423) currently trades at 34.55 TWD, while our model-based Fair Value estimate is 43.96 TWD, implying the stock looks roughly 21.4% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 72.36 TWD per share, and 9 of the 15 models we run sit above the 34.55 TWD price.
Bear case: the Asset-Based group reads lowest at 24.68 TWD, and 6 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: 35.21 TWD (bear) to 58.75 TWD (bull), the price of 34.55 TWD sits below 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 64/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Reward Wool Industry Corp reported revenue of 85.4M TWD in FY2025 versus 190M TWD in FY2021, a compound −18.1%/yr. Reported net income was 434M TWD in FY2025, compounding +29.6%/yr from FY2021.
Key figures
Market cap 3.5B TWD (≈ $109M) · P/E ratio 8.0 · P/S ratio 40.6 · EPS (TTM) 4.33 TWD · Dividend yield 10.4% · Net margin 426% · Return on equity 10.6% · Return on assets (EBIT) 0.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −21% fair-value upside, at 27%, 1423 screens cheaper than that median.
Fair Value models
Bear 35.21 TWDFair Value 43.96 TWDBull 58.75 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 (0.5360 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−18.2%
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.
−21.4%
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.
−15.9%
Start year 2020 (pandemic). Over 10 years: −18.3% a year
Revenue growth 23 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.
−13.6%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+1.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.4%
Dividend (yield on the price)10.4%
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.13% vs 61%, slowing
Profit margin 2019 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.−9% → −79%
2025 sits 489% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 14.7%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than 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).
−10.5%
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 −11.9% a year for the price.
Compare Reward Wool Industry Corp with another stock
Price, fair value, quality and upside side by side.
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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 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+27% · Above median
Profitability
Return on equity (TTM)11% · Top 25%
Return on assets−1% · Bottom 25%
Operating margin (TTM)−2% · Bottom 25%
Growth and dividend
Revenue growth10% · Above median
Dividend yield (TTM)10.4% · Top 25%
Valuation Multiplesvs Textile Manufacturing median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Reward Wool Industry Corp Fair Value". https://www.fairvalue-calculator.com/stock/1423
Frequently asked questions
Is Reward Wool Industry Corp (1423) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 43.96 TWD versus a price of 34.55 TWD, about +27% upside (undervalued).
What is the fair value of 1423?
Our model-based fair value for Reward Wool Industry Corp is 43.96 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 34.55 TWD.
What is the quality score of 1423?
Reward Wool Industry Corp has a Quality Score of 64/100. 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 Reward Wool Industry Corp (1423)?
Our model-based price target is the fair value of 43.96 TWD (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 35.21 TWD, optimistic scenario 58.75 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Reward Wool Industry Corp stock forecast for 2026?
Our models put fair value at 43.96 TWD, about +27% upside versus a price of 34.55 TWD (undervalued). Cautious scenario 35.21 TWD, optimistic scenario 58.75 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Reward Wool Industry Corp (1423)?
Reward Wool Industry Corp reported trailing-twelve-month revenue of about 88.2M TWD (latest available figure, as of Sep 24, 2026).
Does Reward Wool Industry Corp pay a dividend?
Reward Wool Industry Corp currently shows a dividend yield of about 10.42% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Reward Wool Industry Corp (1423)?
For today's price to be fair in a discounted-cash-flow model, Reward Wool Industry Corp would have to grow free cash flow by -10.5 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -15.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 1423 use?
Our models discount Reward Wool Industry Corp at 11.8 %: a base by market capitalisation (micro), damped by beta 0.23, 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 Reward Wool Industry Corp that is -10.5 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Reward Wool Industry Corp (1423) delivered so far?
Over the past 5 years revenue at Reward Wool Industry Corp grew -15.9 % a year. The price currently implies -10.5 % 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 Reward Wool Industry Corp (1423) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Reward Wool Industry Corp (-10.5 % 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 Reward Wool Industry Corp (1423)?
The free-cash-flow yield on the price is 12.54 %: that much free cash flow Reward Wool Industry Corp produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Reward Wool Industry Corp (1423)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Reward Wool Industry Corp it is 43.96 TWD per share (as of Sep 24, 2026), against a price of 34.55 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Reward Wool Industry Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1423 trades below its calculated fair value: price 34.55 TWD, fair value 43.96 TWD, a gap of about +27% (undervalued). 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 1423?
No. The price is what the market pays today (34.55 TWD); the fair value is what the company's own numbers justify (43.96 TWD). For Reward Wool Industry Corp the two are 9.41 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Reward Wool Industry Corp worth?
The market values Reward Wool Industry Corp at about 3.5B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 34.55 TWD; our models calculate a fair value of 43.96 TWD per share.
What do the bullish and bearish scenarios say about 1423?
Our models span a range for Reward Wool Industry Corp: cautious scenario 35.21 TWD, base 43.96 TWD, optimistic 58.75 TWD per share (as of Sep 24, 2026, price 34.55 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1423?
Reward Wool Industry Corp trades at a price-to-earnings ratio of 8.0 (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 43.96 TWD is built from several models across several years. Other multiples: P/S 1.2.
How solid is the balance sheet of Reward Wool Industry Corp (1423)?
Balance-sheet figures for Reward Wool Industry Corp (as of Sep 24, 2026): return on equity 10.6%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 1423 from its 52-week high?
Reward Wool Industry Corp trades at 34.55 TWD, about 22% below its 52-week high of 44.40 TWD and at the low of 34.55 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 43.96 TWD is for.
Which stocks are comparable to Reward Wool Industry 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 Reward Wool Industry Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 34.55 TWD, calculated fair value 43.96 TWD (+27%), Quality Score 64/100, from 15 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 1423 calculated?
We run Reward Wool Industry Corp through 15 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 43.96 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 14.0 % above its aggregate fair value. Reward Wool Industry Corp currently trades 27 % below its own fair value, and the market average says nothing about that. 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 Reward Wool Industry Corp (1423)?
The closing price on Sep 24, 2026 was 34.55 TWD. Our model-based fair value is 43.96 TWD, about +27% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Reward Wool Industry Corp right now?
Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits below our cautious bear case: the market assumes less than even our pessimistic scenario. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Reward Wool Industry Corp
How large is the market capitalisation of Reward Wool Industry Corp (1423)?
The market capitalisation of Reward Wool Industry Corp is 3.5B TWD (≈ $109M). 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 Reward Wool Industry Corp (1423)?
The price-to-sales ratio of Reward Wool Industry Corp is 40.6 (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 Reward Wool Industry Corp (1423)?
Earnings per share at Reward Wool Industry Corp are 4.33 TWD (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Reward Wool Industry Corp (1423)?
The dividend yield of Reward Wool Industry Corp is 10.4% (payout 83.1%). 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 Reward Wool Industry Corp (1423)?
The net margin of Reward Wool Industry Corp is 426% (last twelve months). 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 Reward Wool Industry Corp (1423)?
The return on equity (ROE) of Reward Wool Industry Corp is 10.6% (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 Reward Wool Industry Corp (1423)?
On an EBIT basis the return on assets of Reward Wool Industry Corp is 0.5% (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 Reward Wool Industry Corp (1423)?
The operating margin of Reward Wool Industry Corp is −2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Reward Wool Industry Corp (1423)?
Revenue at Reward Wool Industry Corp is growing +10.0% versus a year earlier (3y avg −21.4%). 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 Reward Wool Industry Corp (1423)?
Earnings per share at Reward Wool Industry Corp are growing −79.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Reward Wool Industry Corp (1423) hold?
Reward Wool Industry Corp holds more cash than debt, 101M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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