Tainan Spinning Co Ltd (1440) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 21.6B TWD

A solid business, but screening 53% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (9.75 TWD). The favourable scenario is already priced in.
• The model range is unusually wide (3.48 TWD to 9.75 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
• Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 10.08 TWD – 28.93 TWD · fair‑value band 3.48 TWD – 9.75 TWD · the 14.00 TWD price screens above the 6.61 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Tainan Spinning Co Ltd (1440) currently trades at 14.00 TWD, while our model-based Fair Value estimate is 6.61 TWD, implying the stock looks roughly 52.8% overvalued today. The Quality Score stands at 56/100 (solid 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: medium).

Over the trailing twelve months, Tainan Spinning Co Ltd generated revenue of 13.6B TWD at a net margin of -1.8%. Revenue declined 19.6% year over year. It earns a return on equity of -0.7%. Net debt stands at 6.3B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 3.48 TWD (bear case) to 9.75 TWD (bull case); at 14.00 TWD, the current price sits above 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 12% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -7% fair-value upside, at -53%, 1440 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.

Widest divergence: Growth DCF (13.71 TWD) versus Multiples (3.36 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Tainan Spinning Co., Ltd. engages in the manufacture and sale of various textile products and synthetic fiber materials in Taiwan, Mainland China, Hong Kong, Vietnam, and internationally. The company offers yarns, polyester fiber, polyester filament yarn, draw textured yarn, polyester chips, fiber/filament DM, and yarns DM.

Full company description

Tainan Spinning Co., Ltd. engages in the manufacture and sale of various textile products and synthetic fiber materials in Taiwan, Mainland China, Hong Kong, Vietnam, and internationally. The company offers yarns, polyester fiber, polyester filament yarn, draw textured yarn, polyester chips, fiber/filament DM, and yarns DM. It is also involved in the land development; investment business; department stores operation; public housing building; commercial property sale and rental; international trade; and textile dyeing and finishing businesses. Tainan Spinning Co., Ltd. was incorporated in 1955 and is headquartered in Tainan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tainan Spinning Co Ltd reported revenue of 14.4B TWD in FY2025 versus 20.2B TWD in FY2021, a compound −8.1%/yr. Reported net income was −248M TWD in FY2025.

1440 screens 53% overvalued. Compare with Shenzhou International Group →

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.

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

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.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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Frequently asked questions

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.