Formosa Taffeta Co Ltd (1434) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Formosa Taffeta Co Ltd TWD 9.83, price TWD 17.95, upside -45.2%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Formosa Taffeta Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
Formosa Taffeta Co., Ltd. operates in the textile industry in Taiwan and Asia. The company offers eco-friendly, sports and outdoor, safety, and lifestyle fabrics. It also offers umbrella, carbon fiber, spun yarn, tire cord, and PE plastic bags.
Show more
Formosa Taffeta Co., Ltd. operates in the textile industry in Taiwan and Asia. The company offers eco-friendly, sports and outdoor, safety, and lifestyle fabrics. It also offers umbrella, carbon fiber, spun yarn, tire cord, and PE plastic bags. In addition, it is involved in accepting commissions to handle urban land rezoning; residential and building development, and leasing; development of new towns, communities, and specific specialized zones; manufacturing, processing and sales of textiles, fabrics, dyeing and finishing, carpets, curtains, and cleaning products; sales of polyurethane fabrics and polyurethane textiles; polyurethane fabric, polyester long fiber, and tire curtain fabric; dyeing and finishing processes; polyester long fiber gray fabrics, colored fabrics, printed fabrics, and twisted yarns; employment services, manpower dispatch, and intermediary services. The company was formerly known as Formosa Fiber Co., Ltd. and changed its name to Formosa Taffeta Co., Ltd. in January 1979. Formosa Taffeta Co., Ltd. was founded in 1973 and is headquartered in Douliou City, Taiwan.
Stock analysis
Formosa Taffeta Co Ltd (1434) currently trades at 17.95 TWD, while our model-based Fair Value estimate is 9.83 TWD, implying the stock looks roughly 82.6% overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of 16.86 TWD per share, and 0 of the 22 models we run sit above the 17.95 TWD price.
Bear case: the Growth DCF group reads lowest at 6.00 TWD, and 22 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 7.17 TWD (bear) to 13.80 TWD (bull), the price of 17.95 TWD sits above 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 54/100 (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.
Formosa Taffeta Co Ltd reported revenue of 27.5B TWD in FY2025 versus 32.8B TWD in FY2021, a compound −4.3%/yr. Reported net income was 865M TWD in FY2025, compounding −20.3%/yr from FY2021.
Key figures
Market cap 30.2B TWD (≈ $948M) · P/E ratio 35.2 · P/S ratio 1.11 · EPS (TTM) 0.5100 TWD · Dividend yield 2.8% · Net margin 3.1% · Return on equity 2.5% · Return on assets (EBIT) 2.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −17% fair-value upside, at −45%, 1434 screens richer than that median.
Fair Value models
Bear 7.17 TWDFair Value 9.83 TWDBull 13.80 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 (0.0146 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
−4.1%
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.
−7.4%
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.
−0.9%
Start year 2020 (pandemic). Over 10 years: −4.3% 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.
+1.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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. Basis: EBIT basis. 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.
−19.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−21.8%
Dividend (yield on the price)2.8%
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.−17% vs −13%, 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.8% → 3%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 5.2%/yr over ~10Y (margins eroding too) ⓘ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).
+6.9%
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 +5.2% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 342 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−45% · Below median
Profitability
Return on equity (TTM)2% · Below median
Return on assets1% · Below median
Net margin (TTM)4% · Above median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth−9% · Below median
Dividend yield (TTM)2.8% · Above median
Balance sheet
Debt / equity0.19× · Above median
Valuation Multiplesvs Textile Manufacturing median · lower = cheaper
P/E (TTM)35.2× · Pricier than median
P/B0.71× · Cheaper than median
P/S (TTM)1.13× · Pricier than median
P/FCF0.5× · Pricier than median
EV/EBITDA19.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)0· sector 0
PAST (return on equity)10· sector 15
HEALTH (low debt)90· sector 95
DIVIDEND (yield)56· sector 36
VALUE 0: the price sits above our fair-value range.
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). "Formosa Taffeta Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1434
Frequently asked questions
Is Formosa Taffeta Co Ltd (1434) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 9.83 TWD versus a price of 17.95 TWD, about −45% upside (overvalued).
What is the fair value of 1434?
Our model-based fair value for Formosa Taffeta Co Ltd is 9.83 TWD (as of Sep 23, 2026), built from audited fundamentals. The current price: 17.95 TWD.
What is the quality score of 1434?
Formosa Taffeta Co Ltd has a Quality Score of 54/100. 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 Formosa Taffeta Co Ltd (1434)?
Our model-based price target is the fair value of 9.83 TWD (as of Sep 23, 2026) from 22 valuation models. Cautious scenario 7.17 TWD, optimistic scenario 13.80 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Formosa Taffeta Co Ltd stock forecast for 2026?
Our models put fair value at 9.83 TWD, about −45% upside versus a price of 17.95 TWD (overvalued). Cautious scenario 7.17 TWD, optimistic scenario 13.80 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Formosa Taffeta Co Ltd (1434)?
Formosa Taffeta Co Ltd reported trailing-twelve-month revenue of about 27.5B TWD (latest available figure, as of Sep 23, 2026).
Does Formosa Taffeta Co Ltd pay a dividend?
Formosa Taffeta Co Ltd currently shows a dividend yield of about 2.79% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Formosa Taffeta Co Ltd (1434)?
For today's price to be fair in a discounted-cash-flow model, Formosa Taffeta Co Ltd would have to grow free cash flow by +6.9 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.9 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 1434 use?
Our models discount Formosa Taffeta Co Ltd at 8.6 %: a base by market capitalisation (large), damped by beta 0.12, 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 Formosa Taffeta Co Ltd that is +6.9 % per year a year over ten years, using the same discount rate (8.6 %) and the same formula as our fair value.
How much growth has Formosa Taffeta Co Ltd (1434) delivered so far?
Over the past 5 years revenue at Formosa Taffeta Co Ltd grew -0.9 % a year. The price currently implies +6.9 % 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 Formosa Taffeta Co Ltd (1434) growing?
The median revenue growth in the sector is +2.5 % a year. That is the yardstick for the growth priced into Formosa Taffeta Co Ltd (+6.9 % 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 Formosa Taffeta Co Ltd (1434)?
The free-cash-flow yield on the price is 5.89 %: that much free cash flow Formosa Taffeta Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Formosa Taffeta Co Ltd (1434)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Formosa Taffeta Co Ltd it is 9.83 TWD per share (as of Sep 23, 2026), against a price of 17.95 TWD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Formosa Taffeta Co Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 1434 trades above its calculated fair value: price 17.95 TWD, fair value 9.83 TWD, a gap of about −45% (overvalued). 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 1434?
No. The price is what the market pays today (17.95 TWD); the fair value is what the company's own numbers justify (9.83 TWD). For Formosa Taffeta Co Ltd the two are 8.12 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Formosa Taffeta Co Ltd worth?
The market values Formosa Taffeta Co Ltd at about 30.2B TWD (market capitalisation, as of Sep 23, 2026). Per share that is 17.95 TWD; our models calculate a fair value of 9.83 TWD per share.
What do the bullish and bearish scenarios say about 1434?
Our models span a range for Formosa Taffeta Co Ltd: cautious scenario 7.17 TWD, base 9.83 TWD, optimistic 13.80 TWD per share (as of Sep 23, 2026, price 17.95 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1434?
Formosa Taffeta Co Ltd trades at a price-to-earnings ratio of 35.2 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 9.83 TWD is built from several models across several years. Other multiples: P/B 0.7, P/S 1.1, EV/EBITDA 19.7.
How solid is the balance sheet of Formosa Taffeta Co Ltd (1434)?
Balance-sheet figures for Formosa Taffeta Co Ltd (as of Sep 23, 2026): return on equity 2.5%, debt of 0.19 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 1434 from its 52-week high?
Formosa Taffeta Co Ltd trades at 17.95 TWD, about 8% below its 52-week high of 19.45 TWD and 23% above the low of 14.60 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 9.83 TWD is for.
Which stocks are comparable to Formosa Taffeta Co Ltd?
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 Formosa Taffeta Co Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price 17.95 TWD, calculated fair value 9.83 TWD (−45%), Quality Score 54/100, from 22 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 1434 calculated?
We run Formosa Taffeta Co Ltd through 22 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 9.83 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 14.1 % above its aggregate fair value. Formosa Taffeta Co Ltd 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 Formosa Taffeta Co Ltd (1434)?
The closing price on Sep 24, 2026 was 17.95 TWD. Our model-based fair value is 9.83 TWD, about −45% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Formosa Taffeta Co Ltd right now?
The price sits above even our optimistic bull case (13.80 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (7.17 TWD to 13.80 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Formosa Taffeta Co Ltd (1434) come from?
Earnings per share at Formosa Taffeta Co Ltd grew −13.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share −4.8 %, EBIT margin −12.9 %, tax rate −0.1 %, residual (interest, one-offs) +4.9 %. 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 Formosa Taffeta Co Ltd
How large is the market capitalisation of Formosa Taffeta Co Ltd (1434)?
The market capitalisation of Formosa Taffeta Co Ltd is 30.2B TWD (≈ $948M). 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 Formosa Taffeta Co Ltd (1434)?
The price-to-sales ratio of Formosa Taffeta Co Ltd is 1.11 (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 Formosa Taffeta Co Ltd (1434)?
Earnings per share at Formosa Taffeta Co Ltd are 0.5100 TWD (price ÷ EPS = P/E 35.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Formosa Taffeta Co Ltd (1434)?
The dividend yield of Formosa Taffeta Co Ltd is 2.8% (payout 98.0%). 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 Formosa Taffeta Co Ltd (1434)?
The net margin of Formosa Taffeta Co Ltd 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 Formosa Taffeta Co Ltd (1434)?
The return on equity (ROE) of Formosa Taffeta Co Ltd is 2.5% (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 Formosa Taffeta Co Ltd (1434)?
On an EBIT basis the return on assets of Formosa Taffeta Co Ltd is 2.3% (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 Formosa Taffeta Co Ltd (1434)?
The operating margin of Formosa Taffeta Co Ltd is 1.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Formosa Taffeta Co Ltd (1434)?
Revenue at Formosa Taffeta Co Ltd is growing −9.2% versus a year earlier (3y avg −7.4%). 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 Formosa Taffeta Co Ltd (1434)?
Earnings per share at Formosa Taffeta Co Ltd are growing +79.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Formosa Taffeta Co Ltd (1434) carry?
The net debt of Formosa Taffeta Co Ltd is 8.0B TWD (fiscal year 2025, ≈ 4.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Formosa Taffeta Co Ltd in the live analysis
One click puts Formosa Taffeta Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
