Tainan Spinning Co Ltd (1440) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Tainan Spinning Co Ltd stock TWD 13.39, price TWD 12.65, upside +5.8%, quality 57 out of 100. Rating: fairly valued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 10.08 TWD – 25.70 TWD · fair‑value band 10.16 TWD – 16.54 TWD · the 12.65 TWD price screens below the 13.39 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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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.
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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.
Stock analysis
Tainan Spinning Co Ltd (1440) currently trades at 12.65 TWD, while our model-based Fair Value estimate is 13.39 TWD, so the stock looks roughly fairly valued today (gap 5.5%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 16.30 TWD per share, and 5 of the 10 models we run sit above the 12.65 TWD price.
Bear case: the Multiples group reads lowest at 6.61 TWD, and 5 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: 10.16 TWD (bear) to 16.54 TWD (bull), the price of 12.65 TWD sits inside 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 57/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2015: revenue and profit before it include the divested business. Growth is measured afresh from 2015.
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.
Key figures
Market cap 20.9B TWD (≈ $636M) Small · P/E ratio 421.7 · P/S ratio 1.60 · EPS (TTM) 0.0300 TWD · Dividend yield 2.4% · Net margin 0.4% · Return on equity 0.3% · Return on assets (EBIT) 1.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −9% fair-value upside, at 6%, 1440 screens cheaper than that median.
Fair Value models
Bear10.16 TWDFair Value 13.39 TWDBull16.54 TWD
Price 12.65 TWD · Upside +5.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.55/100
Spin-off in 2015: revenue and profit before it include the divested business. Growth is measured afresh from 2015.
Revenue growth 1 year
−16.1%
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.
−13.1%
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.
−3.9%
Start year 2020 (pandemic). Over 10 years: −3.9% a year
Revenue growth 10 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.
−3.9%
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Profit margin (trend) ⓘ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.
6.6% (2020) → −4.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
−1.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −2.6% a year for the price.
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 · 348 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+5.8% · Above median
Profitability
Return on equity (12 months)0.3% · Bottom 25%
Return on assets−0.5% · Bottom 25%
Net margin (12 months)0.4% · Bottom 25%
Operating margin (12 months)0.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−13.8% · Bottom 25%
Dividend yield (12 months)2.4% · Above median
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Textile Manufacturing median · lower = cheaper
P/E (12 months)421.7× · Priciest 25%
P/B0.75× · Cheaper than median
P/S (12 months)1.60× · Pricier than median
Price / free cash flow (fiscal year)8.9× · Cheaper than median
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). "Tainan Spinning Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1440.TW
Frequently asked questions
Is Tainan Spinning Co Ltd (1440) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 13.39 TWD versus a price of 12.65 TWD, about +6% upside (fairly valued).
What is the fair value of 1440?
Our model-based fair value for Tainan Spinning Co Ltd is 13.39 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 12.65 TWD.
What is the quality score of 1440?
Tainan Spinning Co Ltd has a Quality Score of 57/100. 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 Tainan Spinning Co Ltd (1440)?
Our model-based price target is the fair value of 13.39 TWD (as of Nov 6, 2026) from 10 valuation models. Cautious scenario 10.16 TWD, optimistic scenario 16.54 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Tainan Spinning Co Ltd stock forecast for 2026?
Our models put fair value at 13.39 TWD, about +6% upside versus a price of 12.65 TWD (fairly valued). Cautious scenario 10.16 TWD, optimistic scenario 16.54 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Tainan Spinning Co Ltd (1440)?
Tainan Spinning Co Ltd reported trailing-twelve-month revenue of about 13.1B TWD (latest available figure, as of Nov 6, 2026).
Does Tainan Spinning Co Ltd pay a dividend?
Tainan Spinning Co Ltd currently shows a dividend yield of 2.37% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Tainan Spinning Co Ltd (1440) and when is the ex-dividend date?
Tainan Spinning Co Ltd pays a dividend of 0.3 TWD per share a year, a dividend yield of 2.4%. The last ex-dividend date was Jul 16, 2026. A dividend has been paid every year since 2010. Free cash flow covers the dividend 4.72 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Tainan Spinning Co Ltd (1440)?
For today's price to be fair in a discounted-cash-flow model, Tainan Spinning Co Ltd would have to grow free cash flow by -1.1 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.9 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 1440 use?
Our models discount Tainan Spinning Co Ltd at 10.3 %: a base by market capitalisation (small), damped by beta 0.43, 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 Tainan Spinning Co Ltd that is -1.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Tainan Spinning Co Ltd (1440) delivered so far?
Over the past 5 years revenue at Tainan Spinning Co Ltd grew -3.9 % a year. The price currently implies free-cash-flow growth of -1.1 % per 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 Tainan Spinning Co Ltd (1440) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Tainan Spinning Co Ltd (-1.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tainan Spinning Co Ltd (1440)?
The free-cash-flow yield on the price is 11.20 %: that much free cash flow Tainan Spinning Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tainan Spinning Co Ltd (1440)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tainan Spinning Co Ltd it is 13.39 TWD per share (as of Nov 6, 2026), against a price of 12.65 TWD. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Tainan Spinning Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 1440 trades below its calculated fair value: price 12.65 TWD, fair value 13.39 TWD, a gap of about +6% (fairly valued). 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 1440?
No. The price is what the market pays today (12.65 TWD); the fair value is what the company's own numbers justify (13.39 TWD). For Tainan Spinning Co Ltd the two are 0.7400 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Tainan Spinning Co Ltd worth?
The market values Tainan Spinning Co Ltd at about 20.9B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 12.65 TWD; our models calculate a fair value of 13.39 TWD per share.
What do the bullish and bearish scenarios say about 1440?
Our models span a range for Tainan Spinning Co Ltd: cautious scenario 10.16 TWD, base 13.39 TWD, optimistic 16.54 TWD per share (as of Nov 6, 2026, price 12.65 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1440?
Tainan Spinning Co Ltd trades at a price-to-earnings ratio of 421.7 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 13.39 TWD is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2023), reported earnings: 25.3. Other multiples: P/B 0.8, P/S 1.6, EV/EBITDA 42.2.
How solid is the balance sheet of Tainan Spinning Co Ltd (1440)?
Balance-sheet figures for Tainan Spinning Co Ltd (as of Nov 6, 2026): return on equity 0.3%, debt of 0.15 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 1440 from its 52-week high?
Tainan Spinning Co Ltd trades at 12.65 TWD, about 17% below its 52-week high of 15.25 TWD and 15% above the low of 11.05 TWD (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 13.39 TWD is for.
Which stocks are comparable to Tainan Spinning Co Ltd?
From the same area (Consumer Cyclical) we also value Tongkun Group, Shenzhou International Group, Inner Mongolia ERDOS Resources Co, Far Eastern New Century Corporation, 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 Tainan Spinning Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 12.65 TWD, calculated fair value 13.39 TWD (+6%), Quality Score 57/100, from 10 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 1440 calculated?
We run Tainan Spinning Co Ltd through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 13.39 TWD builds on their evidence-weighted average, 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 15.1% above its aggregate fair value. Tainan Spinning Co Ltd currently trades 6% 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 Tainan Spinning Co Ltd (1440)?
The closing price on Nov 10, 2026 was 12.65 TWD. Our model-based fair value is 13.39 TWD, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tainan Spinning Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Tainan Spinning Co Ltd
How large is the market capitalisation of Tainan Spinning Co Ltd (1440)?
The market capitalisation of Tainan Spinning Co Ltd is 20.9B TWD (≈ $636M). 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 Tainan Spinning Co Ltd (1440)?
The price-to-sales ratio of Tainan Spinning Co Ltd is 1.60 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tainan Spinning Co Ltd (1440)?
Earnings per share at Tainan Spinning Co Ltd are 0.0300 TWD (price ÷ EPS = P/E 421.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tainan Spinning Co Ltd (1440)?
The dividend yield of Tainan Spinning Co Ltd is 2.4%. 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 Tainan Spinning Co Ltd (1440)?
The net margin of Tainan Spinning Co Ltd is 0.4% (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 Tainan Spinning Co Ltd (1440)?
The return on equity (ROE) of Tainan Spinning Co Ltd is 0.3% (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 Tainan Spinning Co Ltd (1440)?
On an EBIT basis the return on assets of Tainan Spinning Co Ltd is 1.0% (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 Tainan Spinning Co Ltd (1440)?
The operating margin of Tainan Spinning Co Ltd is 0.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tainan Spinning Co Ltd (1440)?
Revenue at Tainan Spinning Co Ltd is growing −13.8% versus a year earlier (3y avg −13.1%). 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 Tainan Spinning Co Ltd (1440)?
Earnings per share at Tainan Spinning Co Ltd are growing +41.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tainan Spinning Co Ltd (1440) carry?
The net debt of Tainan Spinning Co Ltd is 6.3B TWD (fiscal year 2025, ≈ 2.7 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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Thin data
Nov 6, 2026