Chuwa Wool Industry Co Taiwan Ltd (1439) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Chuwa Wool Industry Co Taiwan Ltd TWD 56.14, price TWD 28.15, upside +99.4%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Ascent Development Co., Ltd. sells wool tops, carbonized wool, scoured wool, shrink-resistant wool tops products in Taiwan. It also develops, leases, and sells real estate properties. Ascent Development Co., Ltd. was formerly known as Chuwa Wool Industry Co., (Taiwan) Ltd. and changed its name to Ascent Development Co., Ltd. in August 2022.
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Ascent Development Co., Ltd. sells wool tops, carbonized wool, scoured wool, shrink-resistant wool tops products in Taiwan. It also develops, leases, and sells real estate properties. Ascent Development Co., Ltd. was formerly known as Chuwa Wool Industry Co., (Taiwan) Ltd. and changed its name to Ascent Development Co., Ltd. in August 2022. The company was founded in 1953 and is based in Taipei, Taiwan.
Stock analysis
Chuwa Wool Industry Co Taiwan Ltd (1439) currently trades at 28.15 TWD, while our model-based Fair Value estimate is 56.14 TWD, implying the stock looks roughly 49.9% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 117.67 TWD per share, and 18 of the 26 models we run sit above the 28.15 TWD price.
Bear case: the Economic Profit group reads lowest at 14.29 TWD, and 8 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 35.06 TWD (bear) to 90.18 TWD (bull), the price of 28.15 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 54/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Chuwa Wool Industry Co Taiwan Ltd reported revenue of 813M TWD in FY2025 versus 78.8M TWD in FY2021, a compound +79.2%/yr. Reported net income was 341M TWD in FY2025, compounding +27.7%/yr from FY2021.
Key figures
Market cap 3.0B TWD (≈ $93.9M) · P/E ratio 8.8 · P/S ratio 3.68 · EPS (TTM) 3.21 TWD · Dividend yield 1.8% · Net margin 41.9% · Return on equity 10.0% · Return on assets (EBIT) 2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 99%, 1439 screens cheaper than that median.
Fair Value models
Bear 35.06 TWDFair Value 56.14 TWDBull 90.18 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 (1.99 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.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+728.6%
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.
+12.6%
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.
+48.4%
Start year 2020 (pandemic). Over 10 years: +8.5% 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.
−2.1%
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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. 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.
≈ −27.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−29.5%
Dividend (yield on the price)1.8%
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.−12% vs 81%, 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.−210% → 15%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 7.3%/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.
⚠ Rate on operating basis: 2025 sits 84% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less 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).
+2.6%
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 +1.0% a year for the price.
Compare Chuwa Wool Industry Co Taiwan Ltd 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.Real Estate - Development · 577 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+99% · Top 25%
Profitability
Return on equity (TTM)10% · Top 25%
Return on assets1% · Below median
Net margin (TTM)38% · Top 25%
Operating margin (TTM)6% · Below median
Growth and dividend
Revenue growth−44% · Bottom 25%
Dividend yield (TTM)1.8% · Below median
Balance sheet
Debt / equity0.12× · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Chuwa Wool Industry Co Taiwan Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1439
Frequently asked questions
Is Chuwa Wool Industry Co Taiwan Ltd (1439) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 56.14 TWD versus a price of 28.15 TWD, about +99% upside (undervalued).
What is the fair value of 1439?
Our model-based fair value for Chuwa Wool Industry Co Taiwan Ltd is 56.14 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 28.15 TWD.
What is the quality score of 1439?
Chuwa Wool Industry Co Taiwan 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 Chuwa Wool Industry Co Taiwan Ltd (1439)?
Our model-based price target is the fair value of 56.14 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 35.06 TWD, optimistic scenario 90.18 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Chuwa Wool Industry Co Taiwan Ltd stock forecast for 2026?
Our models put fair value at 56.14 TWD, about +99% upside versus a price of 28.15 TWD (undervalued). Cautious scenario 35.06 TWD, optimistic scenario 90.18 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Chuwa Wool Industry Co Taiwan Ltd (1439)?
Chuwa Wool Industry Co Taiwan Ltd reported trailing-twelve-month revenue of about 753M TWD (latest available figure, as of Sep 24, 2026).
Does Chuwa Wool Industry Co Taiwan Ltd pay a dividend?
Chuwa Wool Industry Co Taiwan Ltd currently shows a dividend yield of about 1.78% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Chuwa Wool Industry Co Taiwan Ltd (1439)?
For today's price to be fair in a discounted-cash-flow model, Chuwa Wool Industry Co Taiwan Ltd would have to grow free cash flow by +2.6 % 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 +48.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 1439 use?
Our models discount Chuwa Wool Industry Co Taiwan Ltd at 11.8 %: a base by market capitalisation (micro), 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 Chuwa Wool Industry Co Taiwan Ltd that is +2.6 % 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 Chuwa Wool Industry Co Taiwan Ltd (1439) delivered so far?
Over the past 5 years revenue at Chuwa Wool Industry Co Taiwan Ltd grew +48.4 % a year. The price currently implies +2.6 % 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 Chuwa Wool Industry Co Taiwan Ltd (1439) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Chuwa Wool Industry Co Taiwan Ltd (+2.6 % 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 Chuwa Wool Industry Co Taiwan Ltd (1439)?
The free-cash-flow yield on the price is 12.59 %: that much free cash flow Chuwa Wool Industry Co Taiwan Ltd 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 Chuwa Wool Industry Co Taiwan Ltd (1439)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chuwa Wool Industry Co Taiwan Ltd it is 56.14 TWD per share (as of Sep 24, 2026), against a price of 28.15 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Chuwa Wool Industry Co Taiwan Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1439 trades below its calculated fair value: price 28.15 TWD, fair value 56.14 TWD, a gap of about +99% (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 1439?
No. The price is what the market pays today (28.15 TWD); the fair value is what the company's own numbers justify (56.14 TWD). For Chuwa Wool Industry Co Taiwan Ltd the two are 27.99 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Chuwa Wool Industry Co Taiwan Ltd worth?
The market values Chuwa Wool Industry Co Taiwan Ltd at about 3.0B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 28.15 TWD; our models calculate a fair value of 56.14 TWD per share.
What do the bullish and bearish scenarios say about 1439?
Our models span a range for Chuwa Wool Industry Co Taiwan Ltd: cautious scenario 35.06 TWD, base 56.14 TWD, optimistic 90.18 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 1439?
Chuwa Wool Industry Co Taiwan Ltd trades at a price-to-earnings ratio of 8.8 (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 56.14 TWD is built from several models across several years. Other multiples: P/B 1.0, P/S 4.0, EV/EBITDA 20.6.
How solid is the balance sheet of Chuwa Wool Industry Co Taiwan Ltd (1439)?
Balance-sheet figures for Chuwa Wool Industry Co Taiwan Ltd (as of Sep 24, 2026): return on equity 10.0%, debt of 0.12 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 1439 from its 52-week high?
Chuwa Wool Industry Co Taiwan Ltd trades at 28.15 TWD, about 9% below its 52-week high of 30.90 TWD and 20% above the low of 23.50 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 56.14 TWD is for.
Which stocks are comparable to Chuwa Wool Industry Co Taiwan Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Chuwa Wool Industry Co Taiwan Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 28.15 TWD, calculated fair value 56.14 TWD (+99%), Quality Score 54/100, from 26 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 1439 calculated?
We run Chuwa Wool Industry Co Taiwan Ltd through 26 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 56.14 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. Chuwa Wool Industry Co Taiwan Ltd currently trades 99 % 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 Chuwa Wool Industry Co Taiwan Ltd (1439)?
The closing price on Sep 24, 2026 was 28.15 TWD. Our model-based fair value is 56.14 TWD, about +99% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chuwa Wool Industry Co Taiwan Ltd right now?
The price is below even our cautious bear case (35.06 TWD). The market is more pessimistic than our downside scenario. 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 quality (54/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (35.06 TWD to 90.18 TWD) leaves room in how you read the outcome.
Key figures of Chuwa Wool Industry Co Taiwan Ltd
How large is the market capitalisation of Chuwa Wool Industry Co Taiwan Ltd (1439)?
The market capitalisation of Chuwa Wool Industry Co Taiwan Ltd is 3.0B TWD (≈ $93.9M). 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 Chuwa Wool Industry Co Taiwan Ltd (1439)?
The price-to-sales ratio of Chuwa Wool Industry Co Taiwan Ltd is 3.68 (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 Chuwa Wool Industry Co Taiwan Ltd (1439)?
Earnings per share at Chuwa Wool Industry Co Taiwan Ltd are 3.21 TWD (price ÷ EPS = P/E 8.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chuwa Wool Industry Co Taiwan Ltd (1439)?
The dividend yield of Chuwa Wool Industry Co Taiwan Ltd is 1.8% (payout 15.6%). 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 Chuwa Wool Industry Co Taiwan Ltd (1439)?
The net margin of Chuwa Wool Industry Co Taiwan Ltd is 41.9% (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 Chuwa Wool Industry Co Taiwan Ltd (1439)?
The return on equity (ROE) of Chuwa Wool Industry Co Taiwan Ltd is 10.0% (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 Chuwa Wool Industry Co Taiwan Ltd (1439)?
On an EBIT basis the return on assets of Chuwa Wool Industry Co Taiwan Ltd is 2.0% (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 Chuwa Wool Industry Co Taiwan Ltd (1439)?
The operating margin of Chuwa Wool Industry Co Taiwan Ltd is 6.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chuwa Wool Industry Co Taiwan Ltd (1439)?
Revenue at Chuwa Wool Industry Co Taiwan Ltd is growing −44.3% versus a year earlier (3y avg +12.6%). 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 Chuwa Wool Industry Co Taiwan Ltd (1439)?
Earnings per share at Chuwa Wool Industry Co Taiwan Ltd are growing −19.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Chuwa Wool Industry Co Taiwan Ltd (1439) carry?
The net debt of Chuwa Wool Industry Co Taiwan Ltd is 993M TWD (fiscal year 2025, ≈ 2.6 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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