I-Hwa Industrial Co Ltd (1456) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of I-Hwa Industrial Co Ltd stock TWD 26.34, price TWD 14.85, upside +77.4%, quality 46 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 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 9, 2026.
How to read this chart
60‑month range 11.00 TWD – 28.01 TWD · fair‑value band 15.20 TWD – 44.60 TWD · the 14.85 TWD price screens below the 26.34 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 9, 2026.
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I-Hwa Industrial Co.,Ltd engages in real estate business in Taiwan. It is involved in the land development and construction of houses; and residential and building development and leasing. The company also manufactures and trades finished fabrics, woolen yarn, cotton yarn, and dyes.
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In addition, it provides general advertising services and e-commerce services; and engages in the general investment activities. I-Hwa Industrial Co.,Ltd was founded in 1957 and is based in Taipei, Taiwan.
Stock analysis
I-Hwa Industrial Co Ltd (1456) currently trades at 14.85 TWD, while our model-based Fair Value estimate is 26.34 TWD, implying the stock looks roughly 44% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 56.62 TWD per share, and 8 of the 13 models we run sit above the 14.85 TWD price.
Bear case: the Asset-Based group reads lowest at 9.48 TWD, and 5 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 15.20 TWD (bear) to 44.60 TWD (bull), the price of 14.85 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 46/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
I-Hwa Industrial Co Ltd reported revenue of 829M TWD in FY2025 versus 2.4B TWD in FY2021, a compound −23.0%/yr. Reported net income was 319M TWD in FY2025, compounding −8.4%/yr from FY2021.
Key figures
Market cap 1.4B TWD (≈ $42.2M) Micro · P/E ratio 5.1 · P/S ratio 1.89 · EPS (TTM) 2.89 TWD · Dividend yield 1.3% · Net margin 36.9% · Return on equity 16.0% · Return on assets (EBIT) 4.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 24% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −15% fair-value upside, at 77%, 1456 screens cheaper than that median.
Fair Value models
Bear15.20 TWDFair Value 26.34 TWDBull44.60 TWD
Price 14.85 TWD · Upside +77.4%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2.50 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. 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.60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+33.0%
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.
+28.9%
Revenue growth 21 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.
−3.4%
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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.
+24.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.0%
Dividend (yield on the price)1.3%
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.36.3% vs 14.7%, picking up
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.22% → 78%
2025 sits 488% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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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 Services · 478 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score46 · Bottom 25%
Fair Value upside+77.4% · Above median
Profitability
Return on equity (12 months)16.0% · Top 25%
Return on assets2.4% · Above median
Net margin (12 months)36.9% · Above median
Operating margin (12 months)30.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)−49.9% · Bottom 25%
Dividend yield (12 months)1.3% · Bottom 25%
Balance sheet
Debt / equity1.43× · Highest 25%
Valuation Multiplesvs Real Estate Services 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). "I-Hwa Industrial Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1456
Frequently asked questions
Is I-Hwa Industrial Co Ltd (1456) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 26.34 TWD versus a price of 14.85 TWD, about +77% upside (undervalued).
What is the fair value of 1456?
Our model-based fair value for I-Hwa Industrial Co Ltd is 26.34 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 14.85 TWD.
What is the quality score of 1456?
I-Hwa Industrial Co Ltd has a Quality Score of 46/100. 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 I-Hwa Industrial Co Ltd (1456)?
Our model-based price target is the fair value of 26.34 TWD (as of Nov 9, 2026) from 13 valuation models. Cautious scenario 15.20 TWD, optimistic scenario 44.60 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the I-Hwa Industrial Co Ltd stock forecast for 2026?
Our models put fair value at 26.34 TWD, about +77% upside versus a price of 14.85 TWD (undervalued). Cautious scenario 15.20 TWD, optimistic scenario 44.60 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of I-Hwa Industrial Co Ltd (1456)?
I-Hwa Industrial Co Ltd reported trailing-twelve-month revenue of about 736M TWD (latest available figure, as of Nov 9, 2026).
Does I-Hwa Industrial Co Ltd pay a dividend?
I-Hwa Industrial Co Ltd currently shows a dividend yield of 1.29% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of I-Hwa Industrial Co Ltd (1456)?
I-Hwa Industrial Co Ltd has a dividend yield of 1.3%.
What is the intrinsic value of I-Hwa Industrial Co Ltd (1456)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For I-Hwa Industrial Co Ltd it is 26.34 TWD per share (as of Nov 9, 2026), against a price of 14.85 TWD. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is I-Hwa Industrial Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 1456 trades below its calculated fair value: price 14.85 TWD, fair value 26.34 TWD, a gap of about +77% (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 1456?
No. The price is what the market pays today (14.85 TWD); the fair value is what the company's own numbers justify (26.34 TWD). For I-Hwa Industrial Co Ltd the two are 11.49 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is I-Hwa Industrial Co Ltd worth?
The market values I-Hwa Industrial Co Ltd at about 1.4B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 14.85 TWD; our models calculate a fair value of 26.34 TWD per share.
What do the bullish and bearish scenarios say about 1456?
Our models span a range for I-Hwa Industrial Co Ltd: cautious scenario 15.20 TWD, base 26.34 TWD, optimistic 44.60 TWD per share (as of Nov 9, 2026, price 14.85 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1456?
I-Hwa Industrial Co Ltd trades at a price-to-earnings ratio of 5.1 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 26.34 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 22.4. Other multiples: P/B 0.7, P/S 1.9, EV/EBITDA 19.0.
How solid is the balance sheet of I-Hwa Industrial Co Ltd (1456)?
Balance-sheet figures for I-Hwa Industrial Co Ltd (as of Nov 9, 2026): return on equity 16.0%, debt of 1.43 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 1456 from its 52-week high?
I-Hwa Industrial Co Ltd trades at 14.85 TWD, about 6% below its 52-week high of 15.85 TWD and 24% above the low of 11.95 TWD (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of 26.34 TWD is for.
Which stocks are comparable to I-Hwa Industrial Co Ltd?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties 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 I-Hwa Industrial Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 14.85 TWD, calculated fair value 26.34 TWD (+77%), Quality Score 46/100, from 13 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 1456 calculated?
We run I-Hwa Industrial Co Ltd through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 26.34 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 14.0% above its aggregate fair value. I-Hwa Industrial Co Ltd currently trades 44% 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 I-Hwa Industrial Co Ltd (1456)?
The closing price on Nov 11, 2026 was 14.85 TWD. Our model-based fair value is 26.34 TWD, about +77% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with I-Hwa Industrial Co Ltd right now?
The large discount to fair value meets weak quality (46/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (15.20 TWD). The market is more pessimistic than our downside scenario. The model range is unusually wide (15.20 TWD to 44.60 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of I-Hwa Industrial Co Ltd (1456) come from?
Earnings per share at I-Hwa Industrial Co Ltd grew +6.8 % a year from 2015 to 2025. Broken into its drivers: revenue per share +5.2 %, EBIT margin +23.6 %, tax rate −1.4 %, residual (interest, one-offs) −16.7 %. 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 I-Hwa Industrial Co Ltd
How large is the market capitalisation of I-Hwa Industrial Co Ltd (1456)?
The market capitalisation of I-Hwa Industrial Co Ltd is 1.4B TWD (≈ $42.2M). 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 I-Hwa Industrial Co Ltd (1456)?
The price-to-sales ratio of I-Hwa Industrial Co Ltd is 1.89 (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 I-Hwa Industrial Co Ltd (1456)?
Earnings per share at I-Hwa Industrial Co Ltd are 2.89 TWD (price ÷ EPS = P/E 5.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of I-Hwa Industrial Co Ltd (1456)?
The dividend yield of I-Hwa Industrial Co Ltd is 1.3% (payout 6.7%). 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 I-Hwa Industrial Co Ltd (1456)?
The net margin of I-Hwa Industrial Co Ltd is 36.9% (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 I-Hwa Industrial Co Ltd (1456)?
The return on equity (ROE) of I-Hwa Industrial Co Ltd is 16.0% (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 I-Hwa Industrial Co Ltd (1456)?
On an EBIT basis the return on assets of I-Hwa Industrial Co Ltd is 4.3% (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 I-Hwa Industrial Co Ltd (1456)?
The operating margin of I-Hwa Industrial Co Ltd is 30.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at I-Hwa Industrial Co Ltd (1456)?
Revenue at I-Hwa Industrial Co Ltd is growing −49.9% versus a year earlier (3y avg +10.3%). 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 I-Hwa Industrial Co Ltd (1456)?
Earnings per share at I-Hwa Industrial Co Ltd are growing +97.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does I-Hwa Industrial Co Ltd (1456) generate?
The free cash flow of I-Hwa Industrial Co Ltd is −463M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does I-Hwa Industrial Co Ltd (1456) carry?
The net debt of I-Hwa Industrial Co Ltd is 10.4B TWD (fiscal year 2025). 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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Nov 9, 2026