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CS Group (1463) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 3.1B TWD

CG CS Group 1463 · TW
Price17.80 TWD
Fair Value2.49 TWD
Upside-86.0%
Quality41/100
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Healthy Growth
Loss-making · -27.5% net margin
Low debt · generates free cash flow
0.72% dividend yield
Trails peers (2/12)
Narrow moat 10/100
Evidence: Medium Range 1.87 TWD – 3.12 TWD Share as image

Fair value as of: Jul 23, 2026

From 20 valuation models · updated 18 days ago

Share price −1.1% over the past month.

Below-average quality, and screening another 86% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (3.12 TWD). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

31.10 TWD 11.55 TWD Fair Value 2.49 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 11.55 TWD – 31.10 TWD · fair‑value band 1.87 TWD – 3.12 TWD · the 17.80 TWD price screens above the 2.49 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

CS Group (1463) currently trades at 17.80 TWD, while our model-based Fair Value estimate is 2.49 TWD, implying the stock looks roughly 86.0% overvalued today. The Quality Score stands at 41/100 (below-average 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, CS Group generated revenue of 221M TWD at a net margin of -27.5%. It earns a return on equity of -2.0%. The balance sheet holds a net cash position of 827M TWD. The stock trades on a trailing P/E of 136.9. Fundamentals as of Jul 23, 2026

Our scenario range runs from 1.87 TWD (bear case) to 3.12 TWD (bull case); at 17.80 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 20% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at -86%, 1463 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.

Model 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
Highest evidence
Growth DCF 6.06 TWD 6.48 TWD 7.03 TWD 80
Residual Income 10.16 TWD 9.33 TWD 6.60 TWD 76
Rev-Margin DCF 5.91 TWD 6.43 TWD 6.97 TWD 74
All 20 models by family
DCF Models
FCF DCF 6.02 TWD 6.48 TWD 7.09 TWD 38
Owner Earnings 7.91 TWD 9.10 TWD 10.69 TWD 31
5Y Revenue Exit 5.91 TWD 6.41 TWD 7.02 TWD 39
5Y EBITDA Exit 6.25 TWD 7.01 TWD 7.84 TWD 41
5Y P/E Exit 6.49 TWD 7.42 TWD 8.34 TWD 38
10Y Revenue Exit 5.92 TWD 6.36 TWD 6.89 TWD 36
10Y EBITDA Exit 6.15 TWD 6.75 TWD 7.47 TWD 37
10Y P/E Exit 6.29 TWD 7.02 TWD 7.82 TWD 35
Earnings-Based
Graham-Dodd 0.9100 TWD 1.96 TWD 2.49 TWD 54
PEG = 1.0 0.3000 TWD 0.4300 TWD 0.5600 TWD 46
Multiples
P/E Multiple 2.20 TWD 2.93 TWD 3.67 TWD 63
P/S Multiple 1.70 TWD 2.27 TWD 2.83 TWD 58
P/B Multiple 1.70 TWD 2.27 TWD 2.83 TWD 55
EV/EBITDA 6.62 TWD 7.21 TWD 7.80 TWD 54
EV/Revenue 5.92 TWD 6.37 TWD 6.83 TWD 43
Asset-Based
NCAV (Graham) 7.59 TWD 10.17 TWD 15.17 TWD 50
Growth DCF
Growth DCF 6.06 TWD 6.48 TWD 7.03 TWD 80
Rev-Margin DCF 5.91 TWD 6.43 TWD 6.97 TWD 74
Economic Profit
Residual Income 10.16 TWD 9.33 TWD 6.60 TWD 76
Growth Earnings
Growth-Adj P/E 1.62 TWD 2.32 TWD 3.01 TWD 68

Widest divergence: Asset-Based (10.17 TWD) versus Earnings-Based (0.4300 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 221M TWD
Revenue growth (YoY) -90.2%
Net margin -27.5%
Return on equity -2.0%
Free cash flow 20.0M TWD FY2025
P/E ratio 136.9
More key figures
Operating margin -9.2%
EPS (TTM) 0.1300 TWD
Dividend yield 0.7%
EPS growth (YoY) +159%
Net cash 827M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 46 · Market factors (momentum, volatility) 49

Profitability 15
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

CS Group Investment Holding Limited provides natural and man-made fiber dyeing and finishing products and services in Asia. The company operates through Weaving, Dyeing, and Finishing Services; Construction Business; and Other segments.

Full company description

CS Group Investment Holding Limited provides natural and man-made fiber dyeing and finishing products and services in Asia. The company operates through Weaving, Dyeing, and Finishing Services; Construction Business; and Other segments. It is also involved in the processing, printing, bleaching, dyeing, and trading of various fiber products, as well as dyeing and finishing technical consultation, raw material agency, and production and sales of various other products. The company was formerly known as Chyang Sheng Texing Co., Ltd. and changed its name to CS Group Investment Holding Limited in February 2026. The company was founded in 1983 and is headquartered in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CS Group reported revenue of 796M TWD in FY2025 versus 457M TWD in FY2021, a compound +14.9%/yr. Reported net income was 22.9M TWD in FY2025, compounding −27.0%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
796M TWD
Latest YoY
+23.8%
Avg. growth/yr (3Y) 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.
+17.1%
Avg. growth/yr (5Y) 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.
+12.5%
Avg. growth/yr (23Y) 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.
−1.4%
Revenue +14.9%/yr
FY21 457M TWD
FY22 496M TWD
FY23 348M TWD
FY24 643M TWD
FY25 796M TWD
Net income −27.0%/yr
FY21 80.7M TWD
FY22 68.7M TWD
FY23 107M TWD
FY24 539M TWD
FY25 22.9M TWD

1463 screens 86% overvalued. Compare with Shenzhou International Group →

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Cite: Fair Value Calculator (2026). "CS Group Fair Value". https://www.fairvalue-calculator.com/stock/1463

Peer Group

Textile Manufacturing · 307 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.

Quality Score 41 · Bottom 25%
Fair Value upside −86% · Bottom 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -28% · Bottom 25%
Operating margin (TTM) -9% · Bottom 25%
Revenue growth -90% · Bottom 25%
Dividend yield (TTM) 0.7% · Below median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 136.9× · Pricier than 75% of peers
P/S (TTM) 0.43× · Cheaper than median
P/FCF 4.7× · Pricier than 75% of peers

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 · sector 8
FUTURE 0 · sector 0
PAST 0 · sector 15
HEALTH 100 · sector 95
DIVIDEND 14 · sector 34

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$44.40 HK$75.65 +70%
Tongkun Group 601233 ¥23.56 ¥14.53 -38%
Inner Mongolia ERDOS Resources Co 600295 ¥12.04 ¥14.35 +19%
HMT (Xiamen) New Technical Materials Co 603306 ¥91.75 ¥12.85 -86%
Far Eastern New Century Corporation 1402 27.55 TWD 28.72 TWD +4%
K.P.R. Mill Limited KPRMILL ₹1,083 ₹467.49 -57%
Zhejiang Orient Holdings 600120 ¥5.18 ¥2.21 -57%
Vardhman Textiles Limited VTL ₹602.20 ₹437.53 -27%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 323.84 TRY +86%
Shandong Fiberglass Group 605006 ¥16.75 ¥6.42 -62%

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Frequently asked questions

Is CS Group (1463) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 2.49 TWD versus a price of 17.80 TWD, about −86% (overvalued).
What is the fair value of 1463?
Our model-based fair value for CS Group is 2.49 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 17.80 TWD.
What is the quality score of 1463?
CS Group has a Quality Score of 41/100. 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 revenue of CS Group (1463)?
CS Group reported trailing-twelve-month revenue of about 221M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 1463?
The net profit margin of CS Group is about -27.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

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